Results 10,341-10,360 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration Tax (15 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 197 and 200 together. Used cars imported from the UK before the end of December will not be liable to customs duty or VAT on import. In relation to VRT, while the rates will change on 1 January it is not necessarily the case that the amount of VRT charged on registration in January will be higher than if the vehicle was registered in December. Where a delay...

Written Answers — Department of Finance: Help-To-Buy Scheme (15 Dec 2020)

Paschal Donohoe: 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 refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. I am advised by Revenue as follows: In order for an applicant to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: I propose to take Questions Nos. 199 and 208 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 from...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: My Department has no responsibility or remit for issuing financial grants to Car Rental Firms or the Car Rental Industry on an ongoing basis. I understand this matter falls to my Ministerial Colleague in the Department of Enterprise Trade and Employment.

Written Answers — Department of Finance: Property Tax (15 Dec 2020)

Paschal Donohoe: Revenue has been very active in supporting taxpayers and businesses throughout the COVID-19 crisis, including administering the key Wage Subsidy Schemes and the Debt Warehousing Scheme. In addition, Revenue has also engaged extensively with individual taxpayers experiencing financial difficulties due to the pandemic to agree flexible arrangements that best suit their circumstances, including...

Written Answers — Department of Finance: Insurance Industry (15 Dec 2020)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. Neither I nor the Department of Finance have any role in the process, including the making of applications to the High Court or payments. Regarding when the next payments will be made, the...

Written Answers — Department of Finance: Value Added Tax (15 Dec 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. Services such as hotel...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: I assume the Deputy is referring to the European Banking Authority who published a statement on 2December on the reactivation of guidelines on payment breaks. These guidelines relate to how banks treat loans that have availed of payment breaks for regulatory purposes. These guidelines were previously in force until 30 September 2020. In September, the Tánaiste, Minister for Public...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

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: Ministerial Meetings (15 Dec 2020)

Paschal Donohoe: I have not had a formal bilateral meeting with my Czech Republic counterpart, Alena Schillerová, in recent months. Both Minister Schillerová and I participate in monthly ECOFIN meetings, with the Finance Ministers of all 27 EU Member States, where there are group discussions. In addition, in my capacity as President of the Eurogroup, I chair meetings of Eurogroup in inclusive...

Written Answers — Department of Finance: Medical Cards (15 Dec 2020)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The cost of the scheme in 2019, excluding motor tax, was €72m. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain...

Written Answers — Department of Finance: Motor Insurance (15 Dec 2020)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses. This position is reinforced by the EU framework for insurance (the Solvency II Directive) which expressly prohibits Member States from...

Written Answers — Department of Finance: State Claims Agency (15 Dec 2020)

Paschal Donohoe: The State Claims Agency has prepared the below table in response to the information requested by the Deputy. The information in the table details the total amount paid from 01/01/2018 to 30/11/2020 across Damages, Legal and Expert costs in respect of non-medical negligence claims. Transaction Bucket 2018 2019 2020 (to End Nov) Grand Total ...

Written Answers — Department of Finance: Vehicle Registration Tax (15 Dec 2020)

Paschal Donohoe: I am advised by Revenue that used vehicles brought into the State and previously registered using the CO2format known as NEDC will, from 01 January 2021, be registered based on the NEDC CO2figure declared on the vehicle registration document issued in the previous jurisdiction with an added calculation to bring that CO2figure in line with emissions under the WLTP, which was introduced for new...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Dec 2020)

Paschal Donohoe: The Financial Provisions (Covid-19) (2) Act 2020 (Act No. 8 of 2020) inserted section 28B into the Emergency Measures in the Public Interest (Covid-19) Act 2020. This provides for the introduction of the Employment Wage Subsidy scheme (EWSS). The Deputy will be aware that EWSS is an economy-wide enterprise support that focuses primarily on business eligibility. The scheme provides a flat-rate...

Written Answers — Department of Finance: Brexit Issues (15 Dec 2020)

Paschal Donohoe: I am advised by Revenue that used cars imported from the UK (not including Northern Ireland) post 1 January 2021 will be liable to Customs Duty and VAT on importation and Vehicle Registration Tax at the point of registration of the car.

Written Answers — Department of Finance: Personal Contract Plans (15 Dec 2020)

Paschal Donohoe: As part of the review of the regulation of Personal Contracts Plans (PCPs), which I commissioned in 2018, Mr Michael Tutty produced a report entitled 'Review of the Regulation of PCPs' (available at: /). The Tutty Report set out a number of conclusions and recommendations in relation to PCP agreements and, in particular, it recommended that the provisions of the Central Bank Consumer...

Written Answers — Department of Finance: Banking Sector (15 Dec 2020)

Paschal Donohoe: The revised Payment Services Directive (PSD2) of 2015 introduced strong security requirements for the initiation and processing of electronic payments, which apply to all payment service providers (PSPs). This approach is intended to reduce the risk of fraud for all types of electronic payments (especially online payments) and to protect the confidentiality of the user’s financial...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (15 Dec 2020)

Paschal Donohoe: Payments made under the Pandemic Unemployment Payment (PUP) are income supports and share the characteristics of income. The PUP follows the general taxation rule for social welfare type payments and, thus, is chargeable to income tax, but exempt from the USC and PRSI charges. This will be the case whether, prior to receipt of the PUP, the recipient was a PAYE worker or a self-employed...

Written Answers — Department of Finance: Covid-19 Pandemic (15 Dec 2020)

Paschal Donohoe: I understand that the Deputy is referring to the accelerated loss relief provisions that I introduced earlier this year to assist companies and self-employed individuals that have been adversely impacted by the COVID-19 pandemic and related restrictions. I understand that the anomaly suggested by the Deputy does not arise and that Revenue has confirmed the position in its published guidance....