Results 10,201-10,220 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Student Universal Support Ireland (3 Feb 2021)

Paschal Donohoe: The operation of support measures for third level students is a matter for the Minister for Further and Higher Education, Research, Innovation and Science. Generally speaking, all payments to individuals are taxable in the hands of the recipient unless specifically exempted.  However, the basis on which the payment is made is a determining factor in the potential tax treatment...

Written Answers — Department of Finance: National Asset Management Agency (3 Feb 2021)

Paschal Donohoe: I am advised by NAMA that receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process. I am advised that, arising from this process, competitive fixed-fee rates were achieved relative to prevailing market norms. I am further advised that, in general, fees are not paid to...

Written Answers — Department of Finance: National Asset Management Agency (3 Feb 2021)

Paschal Donohoe: I wish to advise the Deputy that, on a regular basis, NAMA requires the assistance of specialist legal services in order to assist the Agency in meeting its statutory objectives. The information sought by the Deputy, with regard to payments made by NAMA to law firms from 2010 to 2020, is set out in the table attached. Figures for 2021 are not yet available. ">NAMA Payments

Written Answers — Department of Finance: Customs and Excise (3 Feb 2021)

Paschal Donohoe: I am advised by Revenue that all imports into Ireland are risk assessed to ensure compliance with Customs law and to prevent the importation of prohibited and restricted goods. In the case of this particular consignment, it was identified for examination because of a concern regarding the declared value of the goods. On subsequent review of the matter, Revenue’s concern was not...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Feb 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for under the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy and to deliver an enterprise support to employers based on business eligibility delivering a per-head subsidy on a flat rate basis. As regards eligibility for the scheme, an...

Written Answers — Department of Finance: Banking Sector Investigations (3 Feb 2021)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I have no role in the commercial decisions made by the banks, including any strategic reviews undertaken and the manner in which it manages its engagement with stakeholders in this regard. This applies equally to the banks in which the State has a shareholding. Decisions in this regard by the banks in which the State has a...

Written Answers — Department of Finance: Help-To-Buy Scheme (3 Feb 2021)

Paschal Donohoe: Under the Help to Buy Scheme as provided for in section 477C of the Taxes Consolidation Act 1997, a first time buyer is defined as follows: " 'first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a...

Written Answers — Department of Finance: Value Added Tax (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 186 and 206 together. I do not plan on extending the temporary reduction in the standard rate of VAT from 23% to 21% beyond the end of February.

Written Answers — Department of Finance: Help-To-Buy Scheme (3 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the person in question made an application for the Help to Buy (HTB) scheme on 25 September 2020. This application was approved by Revenue but as no formal HTB claim was subsequently made by the person, it expired on 31 December 2020. The person reapplied for the scheme in January 2021 and was again approved by Revenue. Revenue confirmed this position to the...

Written Answers — Department of Finance: Home Repossessions (3 Feb 2021)

Paschal Donohoe: The Central Bank of Ireland ‘Residential Mortgage Arrears and Repossession Statistics’ provides information on residential mortgage arrears, residential mortgage restructures and the number of residential mortgages within the legal system. The latest available data is for quarter 3 2020 (). In the 12 months to end-September 2020, the Central Bank advises that 1,916 new...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 190 and 203 together. The Employment Wage Subsidy Scheme (EWSS) is a measure intended to provide support across all sectors of the economy and maintain the link between the employer and employee insofar as is possible. The Employment Wage Subsidy Scheme (EWSS) has been a key component of the Government’s response to the continued Covid-19 crisis to...

Written Answers — Department of Finance: Import Costs (3 Feb 2021)

Paschal Donohoe: Since 1 January 2021 the United Kingdom (UK) has ended the transition period with the European Union (EU) with EU rules no longer applying, is no longer a member of the EU and as a result, imports from the UK (excluding Northern Ireland) may incur additional charges including customs duties and VAT. I am advised by Revenue that VAT is chargeable on all imports from Great Britain that are...

Written Answers — Department of Finance: Insurance Industry (3 Feb 2021)

Paschal Donohoe: At the outset, working to protect insurance policyholders during and after the COVID-19 crisis is a priority for Government. As such, it is included within the Programme for Government and the Action Plan for Insurance Reform, launched last December. Since the onset of the COVID-19 pandemic, I have consistently called on insurers to treat their customers honestly, fairly and...

Written Answers — Department of Finance: Value Added Tax (3 Feb 2021)

Paschal Donohoe: I am advised by Revenue that the VAT exemption relating to the supply of the management of specified and special investment funds is a requirement of EU VAT law, with which Irish VAT law must comply. The VAT Consolidation Act 2010 provides that the management of an undertaking specified in paragraph 6(2) of Schedule 1 is an exempt activity and there is no scope under the Directive to remove...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Feb 2021)

Paschal Donohoe: It is assumed that the Deputy is referring to the Temporary Wage Subsidy Scheme (TWSS) that was in place from 26 March 2020 until 31 August 2020 to support firm viability and preserve the relationship between the employer and employee insofar as is possible by subsidising a portion of the employer wage bill in circumstances where the employer’s business has been negatively impacted by...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Feb 2021)

Paschal Donohoe: Revenue has published detailed statistics on the main COVID-19 subsidy schemes since late March 2020, including the Temporary Wage Subsidy Scheme (TWSS), the Employment Wage Subsidy Scheme (EWSS) and the Covid Restrictions Support Scheme (CRSS). These statistics are available at link and are updated on a weekly basis at the same link. The CRSS statistics (CRSS-Table 3) show the available...

Written Answers — Department of Finance: Vehicle Registration Tax (3 Feb 2021)

Paschal Donohoe: I previously referred to this matter in my reply to Dail Question No. 250 (Ref: 36194-20 answered on 17th November 2020). Revenue has advised me that the backlog in registering camper vans for Vehicle Registration Tax (VRT) purposes during the latter part of 2020 has been fully cleared. This includes camper vans owned by the business in question. Revenue has also confirmed that it is...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Feb 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 to provide income support to eligible employees where their employer’s business activities were negatively impacted by the COVID-19 pandemic. The scheme operated until 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. TWSS payments were liable to income tax and...

Written Answers — Department of Finance: Covid-19 Pandemic (3 Feb 2021)

Paschal Donohoe: On 18 March last the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the COVID-19 crisis. The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to three months and then subsequently extended for up to...

Written Answers — Department of Finance: Covid-19 Pandemic (3 Feb 2021)

Paschal Donohoe: The role of the Minister of Finance is to authorise the issuance of circulating and commemorative coins. The Central Bank of Ireland acts as an agent for the Minister in issuing all Irish coin, both circulating and commemorative. The Central Bank has responsibility for the design, production and issuance of the commemorative coins. The commemorative coin programme for 2021 has been finalised,...