Results 10,961-10,980 of 32,602 for speaker:Paschal Donohoe

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

Paschal Donohoe: I propose to take Questions Nos. 34 to 37, inclusive, together. I am informed by Revenue that information in respect of the total assets held by individuals, investment funds and holding companies is not available and therefore an estimate of the yield from the introduction of an emergency tax as proposed in Questions 24295-20 and 24296-20 cannot be provided. In relation to Questions 24297/20...

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

Paschal Donohoe: The flat rate expense (FRE) regime is an administrative practice operated by Revenue to ease the administrative burden on Revenue and on employees in certain sectors by facilitating the automatic granting of a fixed tax allowance to cover allowable employment-related expenses, without the need for annual claims by every employee concerned.  It applies where both specific commonality of...

Written Answers — Department of Finance: Help-To-Buy Scheme (15 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: Civil Service (15 Sep 2020)

Paschal Donohoe: As outlined in my reply to Parliamentary Question reference 16793/20 on 22 July, I am advised by Revenue that the person concerned is employed as a Clerical Officer with Revenue in Dundalk, in full-time capacity, Monday to Friday. The retained firefighter role requires availability on call, six days out of eight and is not therefore compatible with a fulltime post in Revenue.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 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: Help-To-Buy Scheme (15 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. In addition to the conditions laid down in section 477C Taxes...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 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. Revenue has advised me that it is currently conducting a programme of compliance checks on all employers who availed of the scheme in order to confirm that they met the eligibility criteria and, crucially, that their...

Written Answers — Department of Finance: Vehicle Registration Tax (15 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the number of vehicles registered through the Vehicle Registration Tax (VRT) system in each month during 2020 is provided in the table below, along with the VRT payments received. These figures are provisional and may be subject to some revisions. Month New Used Total VRT receipts (Payments received €m) ...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 249 and 265 together. Revenue published detailed statistical updates on the TWSS on a weekly basis for the duration of the scheme in order to provide as timely and transparent data on the utilisation and impact of the TWSS as possible. These statistics are available at: . The Employment Wage Subsidy Scheme (EWSS) was legislated for in the recently enacted...

Written Answers — Department of Finance: Tax Code (15 Sep 2020)

Paschal Donohoe: The stabilisation of the economy from 2015 to 2019 allowed for reductions in the personal tax burden introduced in five successive Budgets. It focused on reductions to income tax targeted at low to middle income earners. The lower rates of Universal Social Charge were reduced from 2%, 4% and 7% to 0.5%, 2% and 4.5%, respectively. The income tax standard-rate band was increased by...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 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 to preserve the link between employee and employer and support firm viability through an unprecedented enterprise environment. The EWSS has been in operation since July and it replaced the Temporary Wage Subsidy Scheme (TWSS) from 1 September 2020. It...

Written Answers — Department of Finance: Tax Clearance Certificates (15 Sep 2020)

Paschal Donohoe: Revenue has assured me that it is very aware of the pressures faced by taxpayers and tax agents in meeting tax filing deadlines this year and is closely monitoring the position regarding the upcoming Income Tax pay and file deadline. Revenue has advised me that it will confirm this year’s Income Tax filing deadline shortly.

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

Paschal Donohoe: I am aware of the concerns expressed about how the insurance industry is responding to the needs of its business policyholders in these difficult times, including honouring business interruption claims. As such, I have considerable sympathy for such policyholders. However, neither I, nor the Central Bank can direct or require that insurers cover claims, including those resulting from...

Written Answers — Department of Finance: Tax Code (15 Sep 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: Covid-19 Pandemic Supports (15 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 255 and 280 together. Between March and August 2020, over 65,000 employers 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 of the TWSS was around €500m which would be the expected cost per month if the measure was to be...

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

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses. Accordingly, this is one of the reasons the Government has been prioritising investment in flood defences over in recent years. However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which is based on a...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (15 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: Value Added Tax (15 Sep 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 Code (15 Sep 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 (15 Sep 2020)

Paschal Donohoe: There are a number of conditions which a company must meet in order to be regarded as a qualifying company for the purposes of section 110 of the Taxes Consolidation Act 1997 (“TCA 1997”). One such conditions is that the company must notify Revenue of its intention to be a qualifying company by completing a Form S.110 no later than 8 weeks from the date the company commences its...