Results 10,641-10,660 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (6 Oct 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...

Written Answers — Department of Finance: Wage Subsidy Scheme (6 Oct 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. The scheme was predicated on the employer wanting to keep the employees on the payroll and to retain them until business picked up. The employer was expected to make best efforts to maintain the employee’s net income for the duration of the...

Written Answers — Department of Finance: Value Added Tax (6 Oct 2020)

Paschal Donohoe: I am advised by Revenue that under the terms of the Diesel Rebate Scheme (DRS), qualifying road transport operators submit their claims, via an online system, during the three months following when the transaction took place. Once the claims are received by Revenue, they are normally processed and paid within eight weeks following completion of the necessary validation checks. Revenue has...

Written Answers — Department of Finance: Tax Code (6 Oct 2020)

Paschal Donohoe: I assume that the Deputy is referring to Professional Services Withholding Tax (PSWT). PSWT was introduced in 1987 and is a withholding tax which provides for the deduction at source of tax at the standard rate of income tax (20%) from gross payments made by accountable persons for certain professional services. Accountable persons include Government Departments and Offices, Local...

Written Answers — Department of Finance: Tax Code (6 Oct 2020)

Paschal Donohoe: The introduction of grant measures in this sector would be a matter for the Minister for Media, Tourism, Arts, Culture, Sport and the Gaeltacht. With regard to the Stay and Spend Tax Credit, the Deputy will be aware that, within the tax system, the normal position is that a tax credit can only benefit a person who has a tax liability. In the case of the Stay and Spend Tax Credit, however,...

Written Answers — Department of Finance: Departmental Contracts (6 Oct 2020)

Paschal Donohoe: I can advise the Deputy that my Department’s Press Office engaged KANTAR Media Services to provide media monitoring services during the years 2017 to 2019, and to date in 2020. The media monitoring service covers newspapers, including their online content, but does not cover social media. The costs (inclusive of VAT) associated with the provision of this service are €13,782.20...

Written Answers — Department of Finance: Departmental Staff (6 Oct 2020)

Paschal Donohoe: I wish to inform the Deputy the departmental sick leave figures for March 2019 and 2020 have not yet been validated with the Department of Public Expenditure and Reform. This information is not available at present.

Written Answers — Department of Finance: Ministerial Meetings (6 Oct 2020)

Paschal Donohoe: As the Deputy will appreciate, both as Minister for Finance and since the 9th July 2020, as President of Eurogroup, I have been in regular contact with other EU Finance Ministers and key figures across the various EU institutions with regard to current issues particularly on the response to the pandemic and macroeconomic developments. My teleconference meeting with Mr. Klaus Regling on...

Written Answers — Department of Finance: Insurance Coverage (1 Oct 2020)

Paschal Donohoe: Let me say at the outset that I am very much aware of the problems faced by many businesses, including those in the tourist industry, in relation to the availability and affordability of public liability insurance.  However, as this is a commercial matter, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, and neither can we compel any insurer...

Written Answers — Department of Finance: Tax Reliefs (1 Oct 2020)

Paschal Donohoe: I am advised by Revenue that the overall cost associated with tax relief on health insurance, up to 2018 (the latest available year), can be found under the “Medical Insurance Relief” row in the Costs of Tax Expenditures table published at link: . In 2018, the latest year for which data are available, €355.7 million was claimed in Medical Insurance Relief, with over...

Written Answers — Department of Finance: EU Funding (1 Oct 2020)

Paschal Donohoe: The SURE instrument is intended primarily to support Member States with efforts to protect workers and jobs (such as short-term work schemes), and also support some health-related measures. The European Commission will borrow on financial markets to finance loans to Member States, allowing Member States benefit from the EU’s strong credit rating (AAA) and low borrowing costs. On the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Oct 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide enterprise support that gives a flat rate subsidy to qualifying employers to preserve the link between employee and employer and support firm viability through an unprecedented enterprise environment. The design of the Employment Wage Subsidy Scheme (EWSS) reflects the changing environment around the COVID-19 pandemic which has...

Written Answers — Department of Finance: Tax Reliefs (1 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: Tax Code (1 Oct 2020)

Paschal Donohoe: The Financial Measures (Covid-19) (No. 2) Act 2020 put on a statutory footing the arrangements for the deferral or ‘warehousing’ of tax debts that Revenue had been operating on an administrative basis since the beginning of Covid-19 related restrictions in March 2020. The arrangements apply to VAT liabilities in respect of January/February 2020 to July/August 2020 inclusive and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Oct 2020)

Paschal Donohoe: As the Deputy will be aware, on 25 September in a public announcement Revenue set out how any tax liability arising on the Temporary Wage Subsidy Scheme (TWSS) and the Pandemic Unemployment Payment (PUP) will be dealt with.  Revenue officials sent a copy of its press release to my Department for information prior to publication. There was no instruction from me or my officials to Revenue...

Written Answers — Department of Finance: Tax Collection (1 Oct 2020)

Paschal Donohoe: Ireland’s excise duty treatment of fuel used for air navigation is based on European law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive. Under this Directive, Member States are obliged to exempt certain fuels used for commercial aviation purposes from excise duty. The scope of this exemption must include...

Written Answers — Department of Finance: Carbon Tax Yield (1 Oct 2020)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Reliefs (1 Oct 2020)

Paschal Donohoe: I am advised by Revenue that section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of qualifying health expenses. Only “health expenses” incurred in the provision of “health care”, which has been carried out, or advised, by a “practitioner”, qualify for tax relief. Health expenses are defined as “expenses in respect...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Oct 2020)

Paschal Donohoe: The Temporary Wage Subsidy (TWSS) was in place for 22 weeks between 26 March and 31 August.  It was introduced as an emergency income support for employees of vulnerable firms where turnover had reduced by at least 25% during the second quarter of the year while the strictest public health measures were in place to stop the spread of the COVID-19 virus. Under the TWSS, the income...

Written Answers — Department of Finance: Tax Clearance Certificates (1 Oct 2020)

Paschal Donohoe: I am advised by Revenue that the issue to which the Deputy is referring has been resolved. Following direct discussions between the person in question and Revenue, tax clearance certification issued through the electronic tax clearance system. A Tax Clearance Access Number (TCAN) has also issued to the person. This can be provided to any third party who wishes to verify his tax clearance status.