Results 10,941-10,960 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Universal Social Charge (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that an estimated €1.74bn is projected to be raised by the Universal Social Charge (USC) from taxpayer units earning more than €90,000 per annum. This is a pre-Budget 2021 estimate and is subject to revision.

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

Paschal Donohoe: I am informed by Revenue that the available information in respect of second or multiple properties is included in the Ready Reckoner, published at .

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

Paschal Donohoe: Companies in Ireland are mainly taxed at the standard corporation tax rate of 12.5 per cent. The higher corporation tax rate of 25 per cent applies to certain income of companies, mainly non-trading income. Additionally, a rate of 33 per cent applies to capital gains. There are different figures and methodologies used to calculate effective tax rates paid by companies in Ireland. While...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 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 The TWSS has now been replaced by the Employment Wage Subsidy Scheme (EWSS), which was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020. Notwithstanding any obligations imposed...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 78 and 82 together. 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 the application of some of the new State supports should be delineated on the basis of explicit sectoral qualification criteria. However, I would note that the reality of COVID-19 is...

Written Answers — Department of Finance: Help-To-Buy Scheme (17 Sep 2020)

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment.  The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The enhanced level of support under the scheme,...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Sep 2020)

Paschal Donohoe: I have been advised that a Supreme Court decision of 18thJune found in favour of two appellants against the Disabled Drivers Medical Board of Appeal’s refusal to grant the individuals Primary Medical Certificates (PMC). My officials are currently examining the judgement, in conjunction with the Attorney General’s Office, and will bring forward any policy and/or...

Written Answers — Department of Finance: Tax Data (17 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the amount received in respect of Sugar Sweetened Drinks Tax from 1 January 2019 to 31 December 2019 is €33 million. This information is published on the Revenue website at the following link: .

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: As regards the Deputy’s question, the existing cost estimate for the Employment Wage Subsidy Scheme (EWSS) as set out below is based on the scheme being implemented in its totality as currently configured. It is not possible at the present time to provide a reliable estimate of the cost impact of alterations to individual elements of the scheme (such as the rates and qualifying...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. Revenue has advised me that it cannot accurately provide the numbers of employee recipients of the TWSS by their level of gross weekly pay due to the required format used by employers when filing (employee) payslips. For example, gross pay was required to be reported as €0.01 where the employer did not make an additional...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: Tax relief measures with a value of approximately €1.4 billion (net cost to Exchequer approximately €900 million) were introduced in the July Stimulus package. The estimated cost of the reduced interest on tax debts measure is €5m in 2020 and €20 m in 2021. The Stay and Spendscheme will cost an estimated €270m in total (upper-estimate). The cost...

Written Answers — Department of Finance: Economic Data (17 Sep 2020)

Paschal Donohoe: My Department produces a full set of economic and fiscal forecasts twice a year, in the Stability Programme Update in the spring and again in the Budget in October. As the Deputy will be aware, the unprecedented economic situation of the last six months has meant that the outlook for this year has been subject to exceptional uncertainty. My officials are currently undertaking work on a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (17 Sep 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March to support firm viability and preserve the relationship between the employer and employee insofar as possible.  When originally announced, it was expected that this economy-wide measure would be in place for 12 weeks until mid-June but this was later extended until the end of August 2020.  Payments made to...

Written Answers — Department of Finance: Tax Code (17 Sep 2020)

Paschal Donohoe: Revenue conducted a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime in 2018 and 2019.  Revenue has advised that the purpose of the FRE review, which involved engagement with relevant representative bodies, was to ensure that the expenses granted to each employment category remain justified and appropriate to modern day employments and work...

Written Answers — Department of Finance: Value Added Tax (17 Sep 2020)

Paschal Donohoe: I am advised by the Revenue Commissioners that feminine hygiene products, such as those that meet the Harmonised System (HS) Heading 9619 classification as per Council Regulation (EEC) No 2658/87, for example tampons and sanitary towels, are VAT zero rated in Ireland. No VAT is collected on the sale of these products and any VAT incurred across the supply chain is refunded. Other...

Written Answers — Department of Finance: Departmental Communications (17 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that my Department’s Press Office manages the official social media accounts on behalf of the Department in line with the Department’s social media policy. As part of the Press Office’s normal operation, both traditional print and social media are monitored for content of relevance to the work of my Department. I am informed that a...

Written Answers — Department of Finance: Value Added Tax (17 Sep 2020)

Paschal Donohoe: Ireland has applied the zero rate of VAT to sanitary towels and sanitary tampons since 1973.  Under the VAT Directive Ireland can continue to zero rate these products but cannot extend zero rating to further products, including newer sanitary products such as menstrual cups, menstrual panties and menstrual sponges.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Sep 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for in the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020, replacing the TWSS from 1 September 2020 until March 2021. It provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. This adaptation from the TWSS will allow employers to rely on the...

Written Answers — Department of Finance: Illicit Trade (16 Sep 2020)

Paschal Donohoe: I am assured by Revenue that combatting the threat which cross-Border smuggling and the illicit trade in tobacco, alcohol and fuel products pose to legitimate business, consumers and the Exchequer is a priority for them. Revenue acts against all aspects of the illegal tobacco trade and uses a combination of risk analysis, profiling and intelligence, and risk-based screening of cargo,...

Written Answers — Department of Finance: Tax Data (16 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 31 to 33, inclusive, together. Regarding Question 24213/20, I am advised by Revenue that they publish a series of income distribution statistics which are available at link: . Under this link, the table ‘RVA01 Distribution of Income Tax by Type of Gross Income, Range of Gross Income, Marital Status, Year and Statistic’ provides the...