Results 10,741-10,760 of 32,593 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: Yes. It has already been indicated by the Minister for Public Expenditure and Reform, Deputy Michael McGrath, that it is not just about how we can increase those levels of capital spending, it is about how we can preserve them. When I was before this committee several years ago, we had capital spending of between €3 billion and €4 billion per year. It is now €9 billion...

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: It does not include funding from the Brexit contingency reserve. Ireland will be making an application for that funding but the amount of money that will be available to us from the fund has not been decided by the European Union.

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: There is always an awareness of older people in budget day announcements because of the contribution they have made to our country. I have no doubt that will be recognised again in the announcements that will be made by the Minister, Deputy McGrath. As to what those measures will be, the Government has not yet decided on the specific nature of those decisions.

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: I am not in a position to be able to tell the Deputy what are the timings of any announcement or plans from the Department of Housing, Planning and Local Government, but there will be provision for continuing to deal with the great challenges in housing in our budget day announcement.

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: The budget is a week and a half away. I know it is not too far away, but there is a long way to go before any decisions are made from a social support point of view for any part of our country and society. Like the Deputy, I wish to appreciate the significant contribution carers make to our country and echo the fact that this has been a particularly difficult year for them. I am sure that...

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: It will not. The plan for the national economic plan is that it will follow from the budget. I expect it to be published in the first half of November.

Committee on Budgetary Oversight: Pre-budget Engagement: Minister for Finance (1 Oct 2020)

Paschal Donohoe: I thank the Deputy. I am participating in an event with Commissioner Vestager in the morning. I have a lot of respect and recognition for the work she does. All of the issues in regard to Apple have been well aired elsewhere for quite a while. We just have to look at the work that has been published by the Revenue Commissioners, in which they indicate that the effective rate of tax paid...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Sep 2020)

Paschal Donohoe: The purpose of the Stay and Spend scheme is to incentivise taxpayers to support registered/accredited providers of accommodation and/or food during the off-season, thus providing support to a particularly vulnerable sector that will continue to be constrained by public health limitations. All food service providers and Fáilte Ireland registered or listed providers of...

Written Answers — Department of Finance: Primary Medical Certificates (30 Sep 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: Departmental Correspondence (30 Sep 2020)

Paschal Donohoe: I am advised by Revenue that since the introduction of the pay and file system, self-assessed income taxpayers have been required to pay annually both preliminary tax for the current year and any balance of tax owing for the previous year.  The payment is due by 31 October in a year, or later if paying online via the Revenue Online Service (ROS).  The amount of the preliminary tax...

Written Answers — Department of Finance: Mortgage Lending (30 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, 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...

Written Answers — Department of Finance: Cycle to Work Scheme (30 Sep 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) has now been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020.  The specific nature and terms of the EWSS arrangement are separate and distinct from the TWSS.  Where an eligible employer makes a payment of wages, within prescribed...

Written Answers — Department of Finance: Departmental Expenditure (30 Sep 2020)

Paschal Donohoe: I can advise the Deputy that my Department spent €5,688 on media monitoring services for the year 2020 to date from a private contract operator - KANTAR Media Services.

Written Answers — Department of Finance: Credit Availability (30 Sep 2020)

Paschal Donohoe: The Central Bank has indicated that the latest data available for the total car finance market in Ireland - which includes both Irish resident banks and non-banks - is from end-September 2019. At that time, there were 76,153 Personal Contract Plan (PCP) loans outstanding representing a total outstanding stock of €1,456,939,000. In its “Money and Banking”...

Written Answers — Department of Finance: Bank Charges (30 Sep 2020)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and the imposition of bank fees and charges are decisions to be made by the boards and management of individual banks which need to be run on an independent and commercial basis. The Deputy will be aware that, as Minister for Finance, I have no statutory role in relation to the charges applied by credit...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Sep 2020)

Paschal Donohoe: The specific nature and terms of the Employment Wage Subsidy Scheme (EWSS) are separate and distinct from the Temporary Wage Subsidy Scheme (TWSS) discussed below.  Where an eligible employer makes a payment of wages, within prescribed limits, to a qualifying employee during the scheme, the employer can claim a EWSS subsidy in respect of that employee. The EWSS will re-establish the...

Written Answers — Department of Finance: Tax Exemptions (30 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding 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. In regard to the position of the agriculture sector and the impact of the carbon tax, the main agriculture exposure to carbon tax comes from its application to Marked Gas Oil (MGO) which is also...

Written Answers — Department of Finance: Tax Credits (30 Sep 2020)

Paschal Donohoe: I am advised by Revenue that estimated costs for increases to the Earned Income Credit are available on page 6 of the Revenue Ready Reckoner, which is available on the Revenue website at link: https://www.revenue.ie/en/corporate/documents/statistics/rea dy-reckoner.pdf.  As this sets out, the estimated cost of increasing the Earned Income Credit by €150 to €1,650 is...

Written Answers — Department of Finance: Tax Avoidance (30 Sep 2020)

Paschal Donohoe: The European Securities Markets Authority (“ESMA”), the EU’s securities markets regulator, launched a formal inquiry concerning Cum-Ex, Cum-Cum and other dividend withholding tax reclaim schemes in July 2019.  On 24 September 2020 ESMA published a final report on the findings of this inquiry, based on information received from National Competent Authorities...

Written Answers — Department of Finance: Departmental Expenditure (30 Sep 2020)

Paschal Donohoe: I can advise the Deputy that the table below outlines the expenditure incurred by my Department on access to online and hardcopy media publications since May 2020 to date: Publication Format Frequency Cost May 2020 to date) The Irish Times Online Cost from May 2020 to date €5,861.75 Financial...