Results 10,221-10,240 of 33,280 for speaker:Paschal Donohoe

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

Paschal Donohoe: 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. The scheme was developed at a time when there appeared to be a steady downward trend in infection rates, and there was an expectation that the re-opening of the economy...

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

Paschal Donohoe: From 1 January 2021, the United Kingdom (UK) has exited the transition period with the European Union (EU), is not a member of the EU and as a result, imports including online purchases 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 greater than...

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

Paschal Donohoe: I am advised by Revenue that there is no income tax exemption relating to the sale of horses. Rather, where an individual’s ownership and racing of racehorses is considered a “hobby” or a “recreational activity”, it will fall outside the scope of income tax.  Where, however, the ownership and racing of racehorses forms part of a trade carried on by a...

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

Paschal Donohoe: I am advised by Revenue that the vehicle in question previously had diplomatic exemption from Vehicle Registration Tax (VRT), which was linked to the last owner. To remove the diplomatic exemption from the vehicle and allow for the issue of a new Vehicle Registration Certificate, a Form VRT 19 was submitted to Revenue by the person in question in January 2020. Revenue subsequently processed...

Written Answers — Department of Finance: Primary Medical Certificates (3 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 211 and 212 together. 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 37, 44, 45, 47, 51 and 56 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 38 and 52 together. I am aware of the very serious impact of the Covid-19 pandemic on sectors of the economy, including the tourism and hospitality sectors. However, the reality of COVID-19 is that our whole economy and labour market have been rapidly transformed by this unprecedented shock and nearly all sectors have been negatively impacted either...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: Gross National Product at Current Market Prices Year Personal consumption of goods and services Net expenditure by central and local government on current goods and services Gross domestic fixed capital formation Value of physical changes in stocks Exports of goods and services Imports of goods and services Statistical discrepancy...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: Gross National Product at Constant Market Prices Year Personal consumption of goods and services Net expenditure by central and local government on current goods and services Gross domestic fixed capital formation Value of physical changes in stocks Exports of goods and services Imports of goods and services Statistical...

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: See Dail Question No. 175 (Ref 4430/21 answered on the 27th January 2021) for Gross Domestic Product at current market prices broken down by income components (compensation of employees, gross operating surplus, subsidies, taxes). GNP is given by GDP less Net factor income from the rest of the world as in Dail Question No. 39 (Ref 4794/21).

Written Answers — Department of Finance: Economic Data (28 Jan 2021)

Paschal Donohoe: A breakdown of Gross National Product in terms of its income components is not available at constant prices. See Dail Question No. 40 (Ref 4795/21) for Gross National Product at Constant Market Prices broken down by expenditure components. See Dail Question No. 175 (Ref 4430/21 answered on 27th January 2021) for Gross Domestic Product at Current Market Prices broken down by income components...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: I propose to take Questions Nos. 43 and 53 together. 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...

Written Answers — Department of Finance: Travel Insurance (28 Jan 2021)

Paschal Donohoe: The Deputy will appreciate that the decision of an insurer to provide travel insurance is a commercial one based on the level of risk that it is willing to take. Neither I, nor the Central Bank of Ireland, have any influence over the pricing of insurance products, nor can we compel any firm operating in the Irish market to provide cover to individual consumers. This position is reinforced...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: The Debt Warehousing Scheme remains available to support businesses, including the hospitality sector, experiencing tax payment difficulties arising from the current COVID-19 public health restrictions. Currently, there are approximately 70,000 businesses availing of the scheme covering €1.9 billion in tax debt.An information leaflet is available on Revenue’s website at . The...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: At the outset it is important to note that working to protect customers during and after the COVID-19 crisis is a priority issue given its inclusion in the Programme for Government. As such, business disruption insurance is specifically included within the Action Plan for Insurance Reform, launched last month. I am in full understanding of the concerns expressed about how the insurance...

Written Answers — Department of Finance: Vehicle Registration Tax (28 Jan 2021)

Paschal Donohoe: Section 130 of the Finance Act 1992 (as amended by Section 102 of the Finance Act 2010) introduced, from 1 January 2011, a revised classification system for the assessment of VRT which reflects the categories used for classification of vehicles at European level under various EC Directives. Passenger Vehicles (EU Category M) and Commercial Vehicles (EU Category N) are classified based on the...

Written Answers — Department of Finance: Insurance Costs (28 Jan 2021)

Paschal Donohoe: 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, such as those referenced in the question. This position is...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jan 2021)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which is provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, operated from 26 March 2020 to 31 August 2020 and was replaced by the Employment Wage Subsidy Scheme (EWSS) from 1 September 2020. The scheme was introduced as an emergency measure to provide financial support to businesses that were severely...

Written Answers — Department of Finance: Company Liquidations (28 Jan 2021)

Paschal Donohoe: As the Deputy is aware, the tax affairs of identified individual taxpayers, including companies, cannot be disclosed due to the obligation to protect taxpayer confidentiality as provided for by section 851A of the Taxes Consolidation Act, 1997. It is an offence for a Revenue official to directly or indirectly disclose taxpayer information to third parties, including the Minister for Finance,...

Written Answers — Department of Finance: Tax Appeals Commission (28 Jan 2021)

Paschal Donohoe: I am advised by Revenue that, as the Deputy has named a specific person in the details supplied, the provision of information to me for the purposes of replying to this question would implicitly involve the disclosure of confidential taxpayer information. Revenue is statutorily precluded from disclosing such information by section 851A Taxes Consolidation Act 1997. The Tax Appeals...