Results 10,981-11,000 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic (8 Sep 2020)

Paschal Donohoe: Revenue operate an administrative practice relating to e-Workers (or remote workers), who incur certain expenditure in the performance of the duties of their employment from home. Revenue have confirmed that PAYE workers using their primary residence as a workplace during Covid-19 restrictions qualify as e-Workers. Remote workers will incur certain expenditure in the performance of their...

Written Answers — Department of Finance: Mortgage Data (8 Sep 2020)

Paschal Donohoe: As the Deputy is aware I as Minister for Finance have no role in the day to day commercial activities of any bank operating in the State. My officials have received the following statement from AIB: "AIB has no plans to sell a loan portfolio as described above. AIB has reduced non-performing exposures from €31bn to €3.8bn, primarily by working with customers to implement...

Written Answers — Department of Finance: Covid-19 Pandemic (8 Sep 2020)

Paschal Donohoe: The Deputy will be aware of the series of measures recently announced by the Government to support the on-trade. This includes the waiver of charges associated with liquor licence renewal. Further details may be found at the link below:

Written Answers — Department of Finance: Help-To-Buy Scheme (8 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. Section 477C Taxes Consolidation Act 1997 outlines the definitions...

Written Answers — Department of Finance: Mortgage Lending (8 Sep 2020)

Paschal Donohoe: As you will be aware both officials and myself have engaged and will continue to engage extensively with the Banking and Payments Federation (BPFI) and the banks directly in relation to supports for personal and business customers affected by the COVID-19 crisis. Officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing...

Written Answers — Department of Finance: Insurance Industry (8 Sep 2020)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance I am responsible for the development of the legal framework governing financial regulation, and neither I nor the Central Bank of Ireland has the power to direct insurance companies on the pricing or provision of insurance products. Indeed, the EU framework for insurance (the Solvency II Directive) expressly prohibits Member States from...

Written Answers — Department of Finance: Insurance Costs (8 Sep 2020)

Paschal Donohoe: As the Deputy will appreciate, it would be inappropriate for me, as Minister for Finance, to comment on individual cases such as that of his constituent. However, the issue of the cost and availability of insurance for many businesses and consumers is an issue that both Minister of State Fleming and I are very much aware of. Unfortunately, there is no single policy or legislative...

Written Answers — Department of Finance: Tax Collection (8 Sep 2020)

Paschal Donohoe: I previously referred to this matter in my reply to Parliamentary Question 14153-20. Revenue has updated me on the matter and has confirmed that the refunds and tax liabilities in question relate to the person’s sole-trader status only. Revenue has also confirmed that it has engaged extensively with the person’s tax agent to conclude matters as quickly as possible. The tax agent...

Written Answers — Department of Finance: Revenue Commissioners (8 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 practices. Each...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (8 Sep 2020)

Paschal Donohoe: The Pandemic Stabilisation and Recovery Fund (PSRF), is a €2 billion sub-portfolio within the Ireland Strategic Investment Fund (ISIF). The ISIF is managed and controlled by the National Treasury Management Agency. The initial focus of the PSRF will be on enterprises with over 250 employees or with an annual turnover of in excess of €50million, which have been materially...

Written Answers — Department of Finance: Gambling Sector (8 Sep 2020)

Paschal Donohoe: The licensing period for bookmakers is over a two year fixed period, with a licensing fee of €500. The current licence period runs from 1 December 2019 to 30 November 2021. As licences are not up for renewal until the end November next year, at this point in time there is no requirement to consider their extension.

Written Answers — Department of Finance: Help-To-Buy Scheme (8 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. Section 477C of the Taxes Consolidation Act 1997 outlines the...

Written Answers — Department of Finance: Employment Data (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the number of taxpayer units (couples who are jointly assessed are counted as one taxpayer unit) over 66 years of age who filed a Form 11 tax return and declared an income from a trade or profession was approximately 21,000 in 2018, the latest year for which data are available. In the case of jointly assessed couples, the age is based on the assessable spouse. The...

Written Answers — Department of Finance: Help-To-Buy Scheme (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 288 and 298 together. 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. Section...

Written Answers — Department of Finance: Tax Code (8 Sep 2020)

Paschal Donohoe: Index funds and Exchange Traded Funds (ETFs) are types of investment funds and are generally traded on a regulated stock exchange. The normal tax treatment afforded to Irish collective investment funds is that the funds invested are allowed to grow on a tax-free basis within the fund. The income is taxed at the level of the investor rather than the fund, as is standard international practice....

Written Answers — Department of Finance: Motor Insurance (8 Sep 2020)

Paschal Donohoe: At the outset you should note that neither I, as Minister for Finance, nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses. This position is reinforced by the EU framework for insurance (the Solvency II Directive) which expressly prohibits Member...

Written Answers — Department of Finance: Carbon Tax Yield (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 292 and 297 together. The Programme for Government sets out increases in the carbon tax rate from 2021 to 2030, to reach €100 per tonne CO2 by 2030. This is to be achieved by an annual increase of €7.50 per tonne CO2 in each year from 2021 to 2029 and an increase of €6.50 per tonne CO2 in 2030. The practice to date has been to increase...

Written Answers — Department of Finance: Employment Data (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that it uses the European ‘NACE’classification system for categorising activities and sectors. Based on this classification which assigns taxpayers according to their main activity, in 2018 there were approximately 2,100 self-employed taxpayers in the categories ‘Performing Arts’and ‘Support Activities to Performing Arts’. In...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (8 Sep 2020)

Paschal Donohoe: The Government announced as part of a package of measures to assist the hospitality sector that court fees, excise licence duties and stamp duties relating to the renewal of pub and other liquor licences in 2020 would be waived. The relevant court fees, excise duties and stamp duties are as follows: - Court certificate for renewal of pub licence (where required) - €150 - Public...

Written Answers — Department of Finance: Tax Collection (8 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the tax overpayment to which the Deputy is referring arose following the early withdrawal of a private pension by the person in question. Revenue has confirmed to me that the matter has been fully resolved through direct engagement with the person and the overpaid amount was refunded to him on 7 August 2020 through his employer.