Results 10,181-10,200 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners (17 Feb 2021)

Paschal Donohoe: I am advised by Revenue that as an integrated tax and customs administration, it deploys resources based on evolving business needs and to tackle any risks as they emerge. Revenue staff at airports are deployed to a range of trade facilitation, service delivery and enforcement duties. Resources are deployed having regard to changing and evolving passenger and freight movements and the...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 139, 160 to 165, inclusive, 177 and 178 together. The Pandemic Unemployment Payment (PUP) is a social welfare payment for workers who have become unemployed due to the COVID-19 pandemic. PUP payments are classified as income supports and are subject to income tax. The taxation arrangements for the PUP were legislated for in Finance Act 2020 which reflects the...

Written Answers — Department of Finance: Pension Provisions (17 Feb 2021)

Paschal Donohoe: I am advised by Revenue that an individual who is under the age of 75 at the time of exercising the Approved Retirement Fund (ARF) option and does not meet the requirement in section 784C(4) Taxes Consolidation Act 1997 (TCA) of having a minimum guaranteed pension or annuity income for life of €12,700 per annum, is required under that section to set aside an amount of €63,500...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 141, 149 and 181 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 companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits...

Written Answers — Department of Finance: Covid-19 Pandemic (17 Feb 2021)

Paschal Donohoe: Political agreement between the European Parliament and the Council on the Recovery and Resilience Facility Regulation was reached in December. The European Parliament and the Council are now completing the steps to formally adopt the Regulation, which is expected to enter into force next week. The Regulation will stipulate that Member States must submit a National Recovery and Resilience...

Written Answers — Department of Finance: Departmental Strategy Statements (17 Feb 2021)

Paschal Donohoe: In accordance with Section 5(1) of the Public Service Management Act 1997, my Department has prepared a new Statement of Strategy for the period 2021-2023. The Statement of Strategy takes into account the objectives set out in the Programme for Government and provides a framework to translate these into policies and operational business plans designed to achieve implementation. In line with...

Written Answers — Department of Finance: Prize Bonds (17 Feb 2021)

Paschal Donohoe: The NTMA has supplied the table below in response to the Deputy's question. Year Amount Invested (million) Fund at Year-End(million) Total Year Issues as % of Year End Fund Value 2020 731 4,103 18% 2019 538 3,655 15% 2018 574 3,415 17% ...

Written Answers — Department of Finance: Prize Bonds (17 Feb 2021)

Paschal Donohoe: The NTMA have supplied the table below in response to the Deputy's question. Year Prizes Paid €m Distribution of value of prizes in 2020 by year of purchase €m % Distribution of value of prizes in 2020 by year of purchase 2020 19,242,050 1,534,950 8% 2019 2,129,800 11%...

Written Answers — Department of Finance: Departmental Expenditure (17 Feb 2021)

Paschal Donohoe: The National Treasury Management Agency which manages the Ireland Strategic Investment Fund (ISIF) have advised me that in line with its double bottom line mandate ISIF has made an investment of €66m in Genuity Science. ISIF’s investment is aimed at supporting the creation of a precision medicine hub in Ireland with associated economic benefits to the Irish economy....

Written Answers — Department of Finance: Illicit Trade (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 147 and 148 together. I am advised by Revenue that it operates a risk-based focus to its compliance intervention programmes where taxpayer behaviour determines the nature, extent and consequences of the (Revenue) response. These responses range from lighter-touch interventions for less serious offences up to tax-audit and investigation with a view to...

Written Answers — Department of Finance: Interest Rates (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 150, 155, 168, 176, 184 and 185 together. As the Deputy is aware, as Minister for Finance I have no role in the day to day operations of any bank operating within the State including banks in which the State has a shareholding. I'm precluded from intervening on behalf of any individual customer in any particular bank. Decisions in relation to commercial...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 151 and 159 together. The purpose of the Stay and Spend Tax Credit scheme is to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. In order to claim the Stay and Spend Tax Credit, taxpayers are required to upload a copy of their receipt(s)...

Written Answers — Department of Finance: Primary Medical Certificates (17 Feb 2021)

Paschal Donohoe: I brought forward an amendment to the Finance Bill to provide for the existing medical criteria for the Disabled Drivers Scheme in primary legislation. Following approval of the Finance Act 2020, the HSE has been informed that medical assessments can recommence from 1stJanuary 2021. However, in the context of the national effort to suppress and manage the impact of COVID, the ability to...

Written Answers — Department of Finance: Mortgage Lending (17 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: Since the COVID-19 situation first arose, I have maintained contact with the BPFI and lenders on the measures they have put in place to assist their customers who are economically impacted by the pandemic. In relation to the particular issue of new mortgage lending, the main retail banks previously confirmed that they are considering mortgage applications and mortgage drawdowns in relation...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020. It was an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Over 66,500 employers were supported through the TWSS in respect of more than 664,000 employees at a cost of €2.9bn. The scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS)...

Written Answers — Department of Finance: Property Tax (17 Feb 2021)

Paschal Donohoe: The Programme for Government "Our Shared Future" includes the following commitments in relation to LPT- a. To bring forward legislation for the LPT on the basis of fairness and that most homeowners will face no increase. b. To bring new homes, which are currently exempt from the LPT, into the taxation system, and that c. All money collected locally will be retained within the county. This...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Feb 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support all employment and maintain the link between the employer and employee insofar as is possible. To date, subsidy payments of almost €2 billion have been made and PRSI relief worth over €300m granted to over 46,600 employers in respect of over 532,000 employees. I have been clear that there will be no...

Written Answers — Department of Finance: Covid-19 Pandemic (17 Feb 2021)

Paschal Donohoe: The Central Bank has confirmed that there is no regulatory impediment to lenders offering payment breaks to borrowers, providing they are appropriate for the individual borrower circumstance. The BPFI also reiterated in January that standard payment breaks continue to be part of the wide range of tailored solutions which are being made available to customers upon assessment of their...

Written Answers — Department of Finance: Vehicle Registration Tax (17 Feb 2021)

Paschal Donohoe: I am informed by Revenue that a temporary exemption in situations outlined by the Deputy normally applies for a period not exceeding twelve months and, in such cases, there is no requirement to make a formal application. Where a longer period is being sought a formal application is required and, evidence of eligibility must be provided. The person concerned should contact Revenue’s...