Results 10,501-10,520 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Coverage (21 Oct 2020)

Paschal Donohoe: At the outset, while I have an appreciation of the difficulties individuals may find themselves in as outlined in the Deputy's question neither I, as the Minister for Finance, nor the Central Bank of Ireland can interfere 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...

Written Answers — Department of Finance: State Claims Agency (21 Oct 2020)

Paschal Donohoe: I am informed by the State Claims Agency (SCA) that barrister panels for the provision of services to the SCA were put in place in January 2014, following a procurement process. Briefs are awarded to barristers on the panels based on a number of factors, including the complexity and nature of the case, the relevant Court jurisdiction, the barrister’s skills and experience in the...

Written Answers — Department of Finance: Primary Medical Certificates (21 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 50, 61 and 69 together. 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...

Written Answers — Department of Finance: Mortgage Lending (21 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 52 and 60 together. 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...

Written Answers — Department of Finance: Value Added Tax (21 Oct 2020)

Paschal Donohoe: The 9% rate of value-added tax applies from 1 November 2020 to 31 December 2021 to the supply of restaurant and catering services, guest and holiday accommodation and entertainment services such as admissions to cinemas, theatres, museums, fairgrounds, and amusement parks.  It will also apply to hairdressing and the sale of certain printed matter such as brochures, maps and programmes. ...

Written Answers — Department of Finance: Value Added Tax (21 Oct 2020)

Paschal Donohoe: The VAT rates applying in Ireland are subject to the requirements of EU VAT law with which Irish VAT law must comply. While hairdressing services will apply the 9% rate from 1 November, services consisting of the care of the human body, including beauticians, are subject to the 13.5% rate.  This arises from the fact that many of goods and services to which Ireland applies a reduced...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Oct 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.  Therefore, it is the EWSS that is currently...

Written Answers — Department of Finance: Banking Sector (21 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 63 and 66 together. I am aware that NatWest is engaged in a strategic review of its operations, including those of its subsidiary, Ulster Bank, thanks to media reports published last month. The Government has no formal role in such a review or any commercial decisions that result, as these are a matter for the Board and Management of the Bank and its...

Written Answers — Department of Finance: Tax Code (21 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. The administration of the tax code is exclusively a matter for Revenue.  Section 101 of the Ministers and Secretaries (Amendment) Act 2011 has specifically provided that Revenue is independent in the performance of its functions under, or for the purposes of, the tax code.  Consequently, I am precluded from giving any...

Written Answers — Department of Finance: State Aid (21 Oct 2020)

Paschal Donohoe: The European Commission has lodged an appeal to the Court of Justice of the European Union (CJEU) in the Apple State aid case. An appeal to the CJEU must be on a point, or points, of law. The party appealing may challenge the General Court of the European Union’s (GCEU) interpretation of the State aid rules and the application of them to the case, but not the facts of the case, as...

Written Answers — Department of Finance: Brexit Preparations (21 Oct 2020)

Paschal Donohoe: My Department has been working closely with the Central Bank and NTMA through the Financial Stability Group, and through the Brexit Contact Group, to limit the impact of key identified risks in the Irish financial system and review progress on readiness planning. The Central Bank of Ireland has been focused on the impact of Brexit on financial stability, for which it has statutory...

Written Answers — Department of Finance: Value Added Tax (20 Oct 2020)

Paschal Donohoe: In order for a zero rate of VAT to be applied to a good or service, that good or service must have applied at the zero rate on 1 January 1991 and have continued to apply at that rate since. No new items may be charged at the zero rate, where they had not been subject to the zero rate before 1991. In Ireland the zero VAT rate applies to oral medicines, including oral medicines for animals, as...

Written Answers — Department of Finance: Tax Reliefs (20 Oct 2020)

Paschal Donohoe: The young trained farmers stamp duty relief, which is currently due to expire on 31 December 2021, provides a full exemption from stamp duty on transfers of farm land to certain young trained farmers. Section 81AA of the Stamp Duty Consolidation Act 1999 (SDCA 1999) provides for the stamp duty exemption in legislation. Amongst the eligibility tests for the relief set out in that section...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 192 and 225 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 up...

Written Answers — Department of Finance: Value Added Tax (20 Oct 2020)

Paschal Donohoe: The Deputy will be aware that the VAT rate applied to Tourism and Hospitality related services has been temporarily reduced from 13.5% to 9%, from 1 November 2020 to 31 December 2021. This reduction will apply to cinemas, theatres, musical performances, museums, historic houses and open farms. I am advised by Revenue that the VAT rate applicable to admissions to events depends on the...

Written Answers — Department of Finance: Insurance Coverage (20 Oct 2020)

Paschal Donohoe: At the outset let me say I have an appreciation of the problems faced by many businesses in relation to public liability insurance, including those in the arts, entertainment and events industry. As this is a commercial matter, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, nor can we specifically compel any insurer operating in the Irish market to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Oct 2020)

Paschal Donohoe: The Deputy will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. I have been advised by Revenue that the questions of an individual’s entitlements and rights in an employment context, what wages an employer may be...

Written Answers — Department of Finance: Value Added Tax (20 Oct 2020)

Paschal Donohoe: As the Deputy will be aware, the VAT rate applied to Tourism and Hospitality related goods and services has been temporarily reduced from 13.5% to 9%, from 1 November 2020 to 31 December 2021, in recognition of the unprecedented challenges facing the sector. This change will apply to restaurant supplies, tourist accommodation, cinemas, theatres, museums, historic houses, open farms, amusement...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 Oct 2020)

Paschal Donohoe: I propose to take Questions Nos. 197, 220, 221, 224 and 236 together. The details of the Covid Restrictions Support Scheme (CRSS) will be set out in the Finance Bill due to be published this week. 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....

Written Answers — Department of Finance: Imports Data (20 Oct 2020)

Paschal Donohoe: I am advised by Revue that the available information is the volume of marked gas oil (MGO) on which Excise was paid and the value of the net Excise receipts (carbon and non-carbon components) collected for the three years to 2019. A breakdown of MGO by source (whether through intra-community acquisition or imported from third countries) is not available. I am advised by Revenue that the vast...