Results 10,861-10,880 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: Last March in response to the Covid-19 crisis, the Banking and Payments Federation of Ireland (BPFI) and its members announced a 3-month payment break would be made available for their customers, including SMEs. Following the initial payment break a further 3-month extension was announced by BPFI. As such, the Deputy should note that these payment breaks were introduced on a voluntary basis...

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. In order to be eligible for the scheme, an employer must be able to demonstrate that his or her business will experience a 30% reduction in turnover or...

Written Answers — Department of Finance: Tax Credits (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that while working remotely does not entitle PAYE workers to a tax credit, there is a Revenue administrative practice in place when e-workers incur certain expenditure in the performance of their duties of employment from home. Revenue have confirmed that PAYE workers using their primary residence as a workplace during Covid-19 restrictions qualify as e-workers. ...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that a Ready Reckoner is available on its website at link: which provides a wide range of detailed information, including on page 18, changes to the Stamp Duty rate on residential property. While the Ready Reckoner does not show the specific costing you have requested, this can be estimated on a pro-rata or straight line basis from the data provided. The estimates...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: Having clarified with the Deputy I understand this question is in fact referring to a reduction in theceiling on which no BIK applies for electric cars from €50,000 to €40,000 and €30,000. I am advised by Revenue that while some employee-level taxable benefits are recorded separately in employer tax returns, the information required to estimate the Deputy’s...

Written Answers — Department of Finance: Job Creation (22 Sep 2020)

Paschal Donohoe: I am informed by the National Treasury Management Agency, which manages the Ireland Strategic Investment Fund (ISIF), that this information can be obtained on the ISIF website at the following link: The data in the report reflects detailed survey data for Financial Year 2019. Given the quantum of surveys of underlying investees and underlying investees of indirect investments and the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: I am aware of the concerns that have been raised regarding the pace of recovery for some sectors of the economy and that it has been suggested that modifications should be made to some of the new State supports on the basis of particular sectoral characteristics. However, I would note that the reality of COVID-19 is that our whole economy and labour market have been rapidly transformed by...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the receipts collected in respect of pub and other types of Excise licence in 2019 and earlier years are published on the Revenue website at the following link: .

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: In general, CGT is charged on the value of the capital gain made on the disposal of an asset. The current rate of CGT has stood at 33% cent for disposals made from 6 December 2012 with a limited number of exemptions and reliefs. I am advised by Revenue that information in respect of Capital Gains Tax (CGT), including the types of asset disposal giving rise to taxable gains, for the most...

Written Answers — Department of Finance: Tax Data (22 Sep 2020)

Paschal Donohoe: In general, CGT is charged on the value of the capital gain made on the disposal of an asset. The current rate of CGT has stood at 33% cent for disposals made from 6 December 2012. Ireland’s CGT regime includes a number of exemptions and reliefs. More information on CGT reliefs () and exemptions () are available on the Revenue website. I am advised by Revenue that information in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: Covid-19 has brought unprecedented challenges for all of us in society. The Government recognises the importance of the SME sector that accounts for over 99 percent of businesses and nearly 70 per cent of employment in the Irish economy. That is why a key focus of Government has been to support businesses as they work through the challenges facing them. Government has acted decisively to...

Written Answers — Department of Finance: Tax Reliefs (22 Sep 2020)

Paschal Donohoe: The following table sets out details of the cost of the tax relief for trade union subscriptions in the seven years immediately prior to its end, including 2010 (in which year, the measure cost some €26 million): Year Cost (€ million) No. of Claims 2004 10.7 248,300 2005 11.8 272,100 ...

Written Answers — Department of Finance: National Debt (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 252 and 253 together. I am informed by the National Treasury Management Agency (NTMA) that at end-August 2020, Gross National Debt stood at almost €230bn. This is an increase of just over €23bn on the year-end 2019 position and reflects the impact of the COVID-19 pandemic on the public finances and the resultant increased borrowing requirement. ...

Written Answers — Department of Finance: Exchequer Returns (22 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, my Department publishes a full set of economic and fiscal forecasts twice a year, in the Stability Programme Update in the spring and in the Budget in October. My officials are currently producing an updated set of economic and fiscal forecasts as part of preparation for Budget 2021. These forecasts will be published in the Budget documentation and will...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the Vehicle Registration Tax (VRT) receipts collected in 2019 and earlier years are published on the Revenue website at link: .

Written Answers — Department of Finance: Tax Collection (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) for the years 2016, 2017 and 2018 are published on page 16 of Revenue’s paper on 2019 Corporation Tax payments and 2018 Corporation Tax returns at link: . A claimant company has a period of up to 24 months to make a claim for KDB relief. Therefore,...

Written Answers — Department of Finance: Tax Yield (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the available information is the yield from Stamp Duty on transactions in shares, stocks and marketable securities and is published at the following link: . This information is not separately available in relation to Irish incorporated companies only. For ease of reference, the 2019 figure shown is €383.62 million.

Written Answers — Department of Finance: Household Debt (22 Sep 2020)

Paschal Donohoe: According to the latest figures from the Central Bank’s Quarterly Financial Accounts, the net worth, or wealth, of households in Ireland stood at €791bn at the end of the first quarter of 2020, the latest available figures. This includes financial and housing assets, net of all liabilities. The value of total household assets excluding liabilities is €936bn. The table...

Written Answers — Department of Finance: Motor Insurance Data (22 Sep 2020)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. As such, my Department does not collect the type of information being sought by the Deputy. However, in order to address the Deputy's question, my officials contacted the Central Bank of Ireland (CBI) to request the most recent information from the National Claims Information...

Written Answers — Department of Finance: Tax Data (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 260 to 262, inclusive, together. Information relating to the various reliefs and exemptions are set out in the links below. The Deputy should be aware that some of the measures contained in the links are not exclusive to property owners, landowners and developers. It should also be noted that some are no longer available to new claimants. The figures set out...