Results 10,101-10,120 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Ports Facilities (11 Feb 2021)

Paschal Donohoe: Since 1 January 2021 the UK has been outside the EU Single Market and Customs Union and this means that a range of customs formalities and other regulatory controls apply to goods moving to, from or through the United Kingdom, excluding Northern Ireland. There is no alternative to the implementation of these formalities and controls because they are an essential part of maintaining the...

Written Answers — Department of Finance: Banking Sector (11 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 62 and 63 together. As the Deputy will be aware, I have met with representatives from both Ulster Bank and its parent company, NatWest in recent months. My most recent meeting was with the Chair of NatWest on the 17 December where I emphasised that Ulster Bank is an important part of the Irish banking landscape and I reiterated the importance of timely and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 Feb 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 Feb 2021)

Paschal Donohoe: As I am sure the Deputy is aware, to date, additional expenditure of well over €13 billion has been paid out with more planned still in 2021 to sustain businesses and help people to manage financially in the midst of these very difficult times. Sums of over €1 billion have been approved for over 50,000 businesses under the range of measures that the Tánaiste and...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (11 Feb 2021)

Paschal Donohoe: I am advised by the Ireland Strategic Investment Fund (ISIF) that it has, to date, committed €937 million to housing related investments which are targeting delivery of 15,000 new homes by 2025. This is a very substantial contribution to new housing output. As a commercial investor on behalf of the State, ISIF takes a broad range of factors, including affordability, into...

Written Answers — Department of Finance: Ireland Strategic Investment Fund (11 Feb 2021)

Paschal Donohoe: I am informed that the Ireland Strategic Investment Fund does not currently have any investments in residential properties (directly) or platforms which are long-term holders of assets of this nature.

Written Answers — Department of Finance: Value Added Tax (11 Feb 2021)

Paschal Donohoe: I do not plan on extending the temporary reduction from 23% to 21% in the standard rate of VAT beyond the 28th of February.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (11 Feb 2021)

Paschal Donohoe: Following approval of the Finance Act 2020, which provides for the medical criteria for the Disabled Drivers Scheme, the HSE has been informed that medical assessments can recommence from 1stJanuary 2021. This is considered to be an interim solution only. A comprehensive review of the scheme, to include a broader review of mobility supports for persons with disabilities, will be conducted...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 Feb 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable to tax under Case I of Schedule D,...

Written Answers — Department of Finance: Property Tax (11 Feb 2021)

Paschal Donohoe: A residential property may be exempt from Local Property Tax (LPT), if it is if it is occupied by an individual who is permanently and totally incapacitated and it was bought, built or adapted to make it suitable for use by such an individual. The exemption also applies to adapted properties if the cost of the adaptation exceeded the market value of the property (before it was adapted) by...

Written Answers — Department of Finance: Home Loan Scheme (11 Feb 2021)

Paschal Donohoe: The Rebuilding Ireland Home loan is a matter for the Minister for Housing, Planning and Local Government. However, I believe the question posed and details supplied by the Deputy, in fact, relate to the Help to Buy scheme. The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a...

Written Answers — Department of Finance: Legislative Reviews (11 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 77 to 79, inclusive, together. Since the introduction of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015, credit servicing firms have been subject to the provisions of Irish financial services law that apply to regulated financial services providers, including but not limited to: - The Consumer Protection Code - the CCMA ...

Written Answers — Department of Finance: Insurance Industry (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 186 and 188 together. At the outset, while I have an appreciation of the specific issue the Deputy raises, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, as this is a commercial matter. In addition, we cannot compel any insurer operating in the Irish market to provide cover to specific individuals or groups, nor...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 187, 190, 191, 196, 199, 200, 205, 211 to 213, inclusive, 215, 218, 219, 224 to 227, inclusive, 229, 233, 235, 236 and 238 together. The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to...

Written Answers — Department of Finance: Credit Register (10 Feb 2021)

Paschal Donohoe: The Central Credit Register is established by the Central Bank under the Credit Reporting Act 2013 (the “Act”). The Act obliges lenders to submit specified personal and credit information in respect of credit applications and credit agreements to the Central Credit Register. There is no obligation on lenders to provide any underlying documentation, such as credit application...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 2021)

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The incentive is scheduled to operate until the end of 2021. ...

Written Answers — Department of Finance: Tax Data (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 193, 194 and 204 together. The position on the tax treatment of payments received under the various income support schemes has been clearly communicated effectively since they were introduced in 2020 in response to the covid-19 pandemic. Payments made under the Temporary Wage Subsidy Scheme (TWSS) and Pandemic Unemployment Payment (PUP) are income supports...

Written Answers — Department of Finance: State Pensions (10 Feb 2021)

Paschal Donohoe: I am assuming that the Deputy is referring for the requirement for certain holders of Approved Retirement Funds (ARFs) to retain a portion of their pension savings in an Approved Minimum Retirement Fund (AMRF). I am advised by Revenue that Part 30 of the Taxes Consolidation Act 1997 (TCA) provides that an individual in a defined contribution pension savings arrangement has the option of...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive was introduced in 2017. The measure is scheduled to expire on 31 December 2021. Revenue provide monthly and annual statistics on the scheme, which includes a geographical breakdown of claims (available at: ) The table below summarises the latest data available for Cork since the inception of the scheme until end 2020. A breakdown between county and city is...

Written Answers — Department of Finance: Mortgage Lending (10 Feb 2021)

Paschal Donohoe: It is not clear what particular proposals the Deputy is referring to in his question; however, if the Deputy provides further information to identify the particular proposals the matter can be considered further. In any event, the Deputy may wish to note that Irish banks substantially fund their mortgages and other loans by way of deposits raised from Irish households and firms, and that...