Results 10,421-10,440 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (5 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The design of the EWSS reflects the changing environment...

Written Answers — Department of Finance: Tax Reliefs (5 Nov 2020)

Paschal Donohoe: Retailers operate the Retail Export Scheme in their own right or they operate it in conjunction with a Value-Added Tax (VAT) refund agent. Revenue do not make refunds to tourists or travellers under the retail export scheme, it is the retailer or VAT refund agent who will make the VAT refund when proof of export is obtained. There is no specific or separate reporting requirement so the...

Written Answers — Department of Finance: Covid-19 Pandemic (5 Nov 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired on 31 August 2020. The TWSS has been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The design of the Employment Wage Subsidy Scheme (EWSS)...

Written Answers — Department of Finance: Financial Services Sector (5 Nov 2020)

Paschal Donohoe: The Deputy refers to the suspension of the Euroclear system last week. However, I believe the incident he is referring to was related to the TARGET2 system. I will answer the question on that basis. TARGET2 is the real-time gross settlement system owned and operated by the Eurosystem. Under the Regulation on oversight requirements for systemically important payments systems (SIPS...

Written Answers — Department of Finance: Tax Reliefs (5 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 100 and 101 together. I am advised by Revenue that the information available in respect of tax reliefs specifically associated with forestry is as follows: - Data on the exemption of profits from the occupation of woodlands, including the numbers availing of the relief, and the cost to the Exchequer for 2011 to 2018 are detailed in the table below. (Source:...

Written Answers — Department of Finance: Brexit Preparations (5 Nov 2020)

Paschal Donohoe: The Retail Export Scheme enables visitors that are resident outside the EU benefit from VAT relief on goods purchased in Ireland and subsequently taken outside of the EU. Under existing rules, when the UK becomes a third country, visitors from Britain will be able to avail of the scheme. No minimum threshold currently applies in respect of expenditure on which VAT relief may be claimed. ...

Written Answers — Department of Finance: Tribunals of Inquiry (5 Nov 2020)

Paschal Donohoe: The Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance, I can only respond in relation to the recommendations made in relation to my own Department. As the Deputy will be aware, the tribunal pointed out problems to be addressed in our system of financial regulation. Poor supervision, an overly-deferential attitude by...

Finance Bill 2020: Order for Second Stage (4 Nov 2020)

Paschal Donohoe: I move: "That Second Stage be taken now."

Finance Bill 2020: Second Stage (4 Nov 2020)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." When the budget was announced three weeks ago, I said that there was no such thing as certainty in the current circumstances and that we must recognise the risks and ongoing challenges. It is fair to say that events in those three weeks have shown that pandemic-related uncertainty will be with us for some time to come. The Covid-19...

Written Answers — Department of Finance: Fuel Laundering (4 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 38 and 42 together. I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel and its compliance activities in this area include roadside sampling of private and commercial vehicles at checkpoints combined with a risk based targeted sampling programme based on enhanced supply chain reporting for suppliers and retailers. In...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (4 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 39, 41 and 44 together. The Financial Measures (Covid-19) (No. 2) Act 2020 put on a statutory footing the arrangements for the ‘warehousing’ of tax debts that Revenue had been operating on an administrative basis since the beginning of Covid-19 related restrictions in March 2020. I also announced in Budget 2021 that warehousing arrangements...

Written Answers — Department of Finance: Wage Subsidy Scheme (4 Nov 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide enterprise support that is open to all sectors on the basis of a turnover test that can be applied across the whole economy while at the same time remain targeted at employers who are considered to be most in need of support. The EWSS turnover test has been specifically calibrated so as to target...

Written Answers — Department of Finance: Primary Medical Certificates (4 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: Covid-19 Pandemic (4 Nov 2020)

Paschal Donohoe: I have met with the CEOs of the banks on a number of occasions since the pandemic arose to discuss the measures banks and other regulated lenders can put in place to assist their borrowers who are economically impacted by COVID-19 and also the need to continue to support overall credit and lending in the economy, including new residential mortgage lending. The three main retail banks assured...

Written Answers — Department of Finance: Credit Unions (4 Nov 2020)

Paschal Donohoe: The Central Bank has informed me that the number of staff in the Registry of Credit Unions is currently 52, allocated across the following activities: - Supervision - Intervention & Restructuring - Policy Framework / Regulatory Approvals - Business Model Engagement - Operations The majority of staff are engaged in supervision and intervention and restructuring activities. In 2012...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: The payment breaks coordinated by the Banking and Payments Federation of Ireland (BPFI) and introduced by its Members last March was a welcome initiative that allowed important and necessary cash flow relief to be quickly and efficiently provided to borrowers affected by Covid-19, including SMEs. As the Deputy is aware, the original 3 month payment break was extended by another 3 months for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: I propose to take Questions Nos. 380, 390 to 392, inclusive, 394, 395, 406, 408, 428, 432, 433, 445, 447 and 449 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 (). The CRSS is a targeted support for businesses significantly impacted by restrictions...

Written Answers — Department of Finance: Carbon Tax Yield (3 Nov 2020)

Paschal Donohoe: The Carbon Tax was introduced in Ireland in 2009 on a phased basis applying initially to auto fuels, subsequently to other liquid fuels in 2010 and to solid fuels in 2013. The carbon tax was first implemented at a rate of €15 per tonne of Carbon Dioxide (CO2) emission, the rate increased to €20 in Budget 2012 and remained at that rate until it was increased to €26 per...

Written Answers — Department of Finance: Retail Sector (3 Nov 2020)

Paschal Donohoe: I have previously outlined the rationale for the changes proposed to the VAT Retail Export Scheme. This scheme enables visitors that are resident outside the EU to benefit from VAT relief on goods purchased in Ireland and subsequently taken outside of the EU. If the scheme applies to UK visitors post-Brexit without changes UK visitors will be able to buy goods VAT free in Ireland. This...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Nov 2020)

Paschal Donohoe: If the Deputy is referring to the Diesel Rebate Scheme (DRS) for hauliers and bus operators, this scheme has been continuously in operation since 1 July 2013. Therefore the question of its restoration does not arise. The DRS is operated by the Revenue Commissioners, who will repay some of the mineral oil tax paid by a qualifying road transport operator when the diesel is: - purchased by the...