Results 10,941-10,960 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legislative Programme (15 Sep 2020)

Paschal Donohoe: The publication and enactment of the Investment Limited Partnership (Amendment) Bill is an important step to maintain Ireland’s place as a leading funds domicile in Europe. The commitment to progress the revision of the Investment Limited Partnership structure was recognised in the Programme for Government – Our Shared Future. It is also a strategic priority set out in...

Written Answers — Department of Finance: Mortgage Schemes (15 Sep 2020)

Paschal Donohoe: The Central Bank of Ireland, which owns and manages the Central Credit Register, has indicated that there is no operational issue which prevents lenders putting in place Covid-19 payment breaks to assist their customers. Indeed, it has made it clear to all lenders (including banks, local authorities and other credit information providers) that either a full or partial payment break agreed...

Written Answers — Department of Finance: Motor Insurance (15 Sep 2020)

Paschal Donohoe: At the outset, I am conscious of various issues which have arisen in relation to the insurance industry over the past number of years. Specifically, the pricing and availability of non-life insurance has been subject to considerable volatility. Accordingly, reform of this sector has been, and remains a key priority of Government as is recognised in a considerable number of Programme for...

Written Answers — Department of Finance: Energy Efficiency (15 Sep 2020)

Paschal Donohoe: The Home Renovation Incentive (HRI) was introduced by Section 477B of the Taxes Consolidation Act 1997 in 2014 and was terminated in accordance with its statutory sunset clause on 31 December 2018. With only four weeks to go, it would be inappropriate for me to comment on what may or may not be contained in the annual Budget. However, it is the case that the re-introduction of such...

Written Answers — Department of Finance: Departmental Projects (15 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that my Department did not have oversight of any Exchequer funded project over €1 billion. I wish to note that my response refers only to the Department of Finance and the bodies under its aegis.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Sep 2020)

Paschal Donohoe: The Stay and Spend scheme provides tax relief by means of a tax credit at the rate of 20% on qualifying expenditure of up to €625 per person, or €1,250 for a jointly assessed couple, in respect of 2020 and 2021. The tax credit is worth a maximum of €125, or €250 for a jointly assessed couple. The scheme is a tax-based measure administered by Revenue and is one...

Written Answers — Department of Finance: Fuel Inspections (10 Sep 2020)

Paschal Donohoe: I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel and their compliance activities in this area ranges from roadside sampling of private and commercial vehicles at checkpoints, as well as a specific programme based on enhanced supply chain reporting for suppliers and retailers. In addition, Revenue and the UK Revenue and Customs undertook a joint...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Sep 2020)

Paschal Donohoe: Revenue has published detailed statistics related to the Temporary Wage Subsidy Scheme (TWSS) on a weekly basis throughout the duration of the scheme to provide as timely and transparent data on the utilisation and impact of the TWSS as possible. These statistics, which include information on the cost, numbers of employees and employers availing of the scheme, are published at . As set in the...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Sep 2020)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide enterprise support that gives a flat rate subsidy to qualifying employers. It is a stand-alone measure to preserve the link between employee and employer and support firm viability through an unprecedented enterprise environment and it is based on clear, objective criteria that may be determined by the Revenue Commissioners. ...

Written Answers — Department of Finance: EU Funding (9 Sep 2020)

Paschal Donohoe: The SURE instrument is intended primarily to support Member States with efforts to protect workers and jobs, and also support some health-related measures. It is temporary in nature, with the duration and scope limited to tackling the consequences of the coronavirus pandemic. It was adopted at ECOFIN, and published in the Official Journal of the European Union on 19 May 2020. Briefly,...

Written Answers — Department of Finance: Ministerial Meetings (9 Sep 2020)

Paschal Donohoe: The Tánaiste and Minister for Enterprise, Trade and Employment, Mr Leo Varadkar TD, along with the Minister for Public Expenditure and Reform, Mr Michael McGrath TD and I met with the CEOs of AIB and Bank of Ireland on the 15th of July 2020 and with the CEO of Ulster Bank on the 16th of July 2020.

Written Answers — Department of Finance: Help-To-Buy Scheme (9 Sep 2020)

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

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Sep 2020)

Paschal Donohoe: The Employment Wages Subsidy Scheme (EWSS) was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020. The EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employeeson the payroll. For every qualifying employee paid between €203 and €1,462 gross per week, the level of subsidy is €203. For...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 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. The objective of the EWSS is to support employment and maintain the link between the employer and employee insofar as is possible, as well as enabling employers scale back up their business. The EWSS provides a flat-rate subsidy to qualifying employers...

Written Answers — Department of Finance: Ministerial Meetings (9 Sep 2020)

Paschal Donohoe: In the past six months I have spoken directly with my Australian counterpart on one occasion, by phone on the 30thJuly. This call is an example of ongoing dialogue between Finance Minister counterparts across all countries, which has become ever more important during the current Covid-19 pandemic and its associated impact on international travel and engagement. This engagement provided an...

Written Answers — Department of Finance: Exchequer Deficit (9 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 96, 105, 107 and 108 together. As the Deputy will be aware, the unprecedented economic situation of the last six months has meant that medium-term economic and fiscal forecasts are subject to an exceptional level of uncertainty. My Department’s most recent official forecasts, published in the Stability Programme Update, were, accordingly,...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 97 and 98 together. Between March and August 2020, over 65,000 employers have received a subsidy under the Temporary Wage Subsidy Scheme (TWSS) with payments worth over €2.8 billion paid out to a total of 663,100 workers. The average monthly cost is around €500m which would be the expected cost per month if the measure was to be retained beyond...

Written Answers — Department of Finance: Research and Development (9 Sep 2020)

Paschal Donohoe: I am advised by Revenue that information in respect of the Research and Development (R&D) tax credit is available at: . This includes the cost of payable tax credits for each of the relevant years. The most recent year for which returns have been filed is 2018. It is not possible to accurately predict the yield from ending the payable element of the R&D credit, as information...

Written Answers — Department of Finance: Tax Reliefs (9 Sep 2020)

Paschal Donohoe: Section 604A of the Taxes Consolidation Act 1997 provides relief, from CGT for property purchased in any state in the European Economic Area between 7 December 2011 and 31 December 2014, on any gain in respect of the disposal where that property is held for 7 years. Consequently, the gain attributed to that 7-year period will not attract CGT. Finance Act 2017 amended the relief, providing...

Written Answers — Department of Finance: Carbon Tax Yield (9 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the pre-Budget 2021 Ready Reckoner, published at: , shows on page 21 the estimated yield from increasing Carbon Tax by a range of amounts including €1 and €10 per tonne.