Results 10,361-10,380 of 32,547 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The section amends section 288 of the Taxes Consolidation Act 1997 to better align our tax regime for intangible assets with international best practice. Financial Resolution No. 4 allows this measure to take effect from 14 October. Like many other countries, Ireland has, since 2009, granted capital allowances on certain intangible assets that companies manage, develop or exploit. These...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I am aware of some of the difficulties Deputy Doherty is referring to but this is the reason Screen Ireland, with the support of the Department of Culture, Arts, Gaeltacht, Sport and Media, has launched a production continuation fund. This is a pilot initiative which has a €5 million fund to assist production companies to deal with uncertainties that have been caused by Covid-19. I...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I thank the Deputy. I also want to acknowledge the long-standing interest he has in this sector and all the work he has done on it. As he said, the changes we have made on the application for section 481 relief are significant and were designed to respond to the issues we debated during the passage of the previous two Finance Bills. If we look at the conditions laid down in the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The process that is under way, enabled by the WRC, is trying to come up with a framework for the industry to deal with the different matters to which Deputy Boyd Barrett referred. If the WRC has acknowledged that there is not clarity on some of the relationships the Deputy alluded to, surely the process under way to try to find a broad framework for the sector, which productions can adhere...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: All of these amendments are technical in nature. They are all intended to make sure that the legislation acts like it was intended. The Revenue Commissioners will form a view as to whether entities have been formed with the purpose of avoiding tax they are due to pay. This is an anti-tax avoidance measure. They are the kind of changes we need to make to ensure this part of our law meets...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Is the Deputy asking if it could fall out of the category?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: No. This is the opposite. We are trying to ensure the legislation is drafted so that it is as robust as possible. The answer to the Deputy's question is that I do not think so.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (12 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 161, 165 and 171 together. The details of the Covid Restrictions Support Scheme (CRSS) are set out in the Finance Bill 2020 and guidelines on the operation of the scheme are available on the Revenue website (www.revenue.ie/en/corporate/press-office/budget-information /2021/crss-guidelines.pdf). The CRSS is a targeted support for businesses significantly...

Written Answers — Department of Finance: Property Tax (12 Nov 2020)

Paschal Donohoe: Revenue provides a wide range of phased and single payment options for Local Property Tax (LPT). These include Debit Card, Credit Card, Annual Debit Instruction (ADI), monthly Direct Debit (DD) through a financial institution, Deduction at Source (DaS) from salary, pension, or certain social welfare payments, and approved service providers including, An Post, Omnivend and Payzone. While...

Written Answers — Department of Finance: Departmental Offices (12 Nov 2020)

Paschal Donohoe: I can advise the Deputy that my Department does not engage in the leasing of any office space outside its current buildings and the Estates Section of OPW.

Written Answers — Department of Finance: Nursing Home Accommodation (12 Nov 2020)

Paschal Donohoe: The cost and availability of insurance for many businesses, including private nursing homes, is an issue that I am very much conscious of. Having said that, neither I, nor the Central Bank of Ireland can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (12 Nov 2020)

Paschal Donohoe: Ireland has a progressive income tax system which is structured such that the more income you have, the more tax you pay. As an individual’s income increases they move up through the various rates and bands and, as a result, while the levels of take home pay increase overall, the amount of tax paid also increases. Total income tax receipts account for around 40% of Ireland’s...

Written Answers — Department of Finance: Covid-19 Pandemic (12 Nov 2020)

Paschal Donohoe: I would like to advise the Deputy that the PPE and hand sanitisation products purchased for use within my Department have not been subject to the product recall issued by the Department of Agriculture, Food and the Marine in 2020. There are also 17 bodies under the aegis of my Department, 16 of which incurred no expenditure in respect of hand sanitiser or other PPE products which were...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (12 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was administered by Revenue, on behalf of the Government, from 26 March 2020 to 31 August 2020. Over 66,500 employers received subsidy payments totalling €2.9 billion in respect of approximately 664,000 employees through the scheme. Revenue has prepared a detailed statistical report on the TWSS, which is published at . In accordance with...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (12 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 169 and 170 together. The Temporary Wage Subsidy Scheme (TWSS) was administered by Revenue, on behalf of the Government, from 26 March 2020 to 31 August 2020. A key eligibility criterion for the scheme required that where a business was experiencing a significant negative economic disruption due to the Covid-19 pandemic, the employer made a...

Finance Bill 2020: Referral to Select Committee (11 Nov 2020)

Paschal Donohoe: I move: That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 95(3)(a) and 181(1).

Written Answers — Department of Finance: Primary Medical Certificates (11 Nov 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: Banking Sector (11 Nov 2020)

Paschal Donohoe: I am advised that there are a number of regulatory requirements, which regulated entities must adhere to in the provision of payment accounts. Under the Payment Accounts Directive, all Irish banks must make available a basic bank account for people who currently do not have access to a bank account. This Directive was transposed in Ireland by way of the European Union (Payment Accounts)...

Written Answers — Department of Finance: Vehicle Registration Tax (11 Nov 2020)

Paschal Donohoe: I am informed by Revenue that the Finance Act 1992, sections 130 and 132 provide that a vehicle that is over 30 years old at the time of registration is a Category C vehicle that can be registered at the standard rate of €200. The registration document presented with the vehicle indicates that it was manufactured in 1999 and registered in the UK in February 2017. As it does not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (11 Nov 2020)

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...