Results 11,001-11,020 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: A review of the Local Property Tax was completed by my Department in conjunction with the Departments of the Taoiseach, Public Expenditure & Reform and Housing, Local Government & Heritage and the Revenue Commissioners and the report was published in April 2019 (available at ). In accordance with its terms of reference, the review focused on the impact of house price...

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

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual. Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other. The basis for the current tax treatment of married couples derives...

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

Paschal Donohoe: Finance Act 2000 introduced the gross roll-up taxation regime for investments in certain investment undertakings and life assurance policies. The regime provides that there is no annual tax on income or gains arising within the investment. Any tax arising applies at the level of the investor. Finance Act 2006 introduced an 8 year deemed disposal rule in relation to these investments. A...

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

Paschal Donohoe: I propose to take Questions Nos. 301 and 303 together. I am advised by the Central Bank that it is not in a position to disclose information about applications and requests made by individual firms in a supervisory capacity. In line with the recommendation of the European Central Bank of 27 July 2020 on dividend distributions during the COVID-19 pandemic the Central Bank expects...

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

Paschal Donohoe: I propose to take Questions Nos. 302 and 304 together. In response to the Deputy’s question, my officials contacted the Central Bank of Ireland (CBI) for information on these matters. In their reply, the CBI indicated that as the information sought by the Deputy relates to their day-to-day supervisory work of insurers and reinsurers, they are precluded from providing a response to...

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

Paschal Donohoe: The rate of VAT applicable to the supply of a service is determined by the nature of that service. Certain services specified in the VAT Consolidation Act, such as the care of the human body or construction services are chargeable to VAT at the lower rate of VAT, all other services, including those provided by accountants and solicitors, for example, are chargeable to VAT at the standard...

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

Paschal Donohoe: Withdrawals from private pensions before retirement are only possible in certain limited circumstances – for example, where an employee leaves a pensionable employment and receives a refund of contributions made to the associated pension scheme. Such refunds are governed by the rules of individual pension schemes and are usually only permitted where the individual has less than two...

Written Answers — Department of Finance: Currency Exchange (8 Sep 2020)

Paschal Donohoe: I would like to thank the Deputy for this query, as it allows me to throw light on the work undertaken by this Department in an extremely complex and technical area. The aims of the Intra-Departmental Working Group are as follows: - to monitor developments at a global (example: Financial Stability Board, Financial Action Task Force, International Monetary Fund) and European level (example:...

Written Answers — Department of Finance: Aer Lingus (8 Sep 2020)

Paschal Donohoe: In 2015, €335 million was transferred from the Exchequer to the ISIF for the purpose of a new Connectivity Fund within the discretionary portfolio. The ISIF have advised me that it has completed four investments under the Connectivity Fund, namely: - A $28 million co-investment in Aqua Comms DAC, a company that has developed fibre optic cables linking the USA, Ireland (Killala, Mayo)...

Written Answers — Department of Finance: Departmental Offices (8 Sep 2020)

Paschal Donohoe: I can advise the Deputy that there are currently no vacant desk spaces available in accommodation allocated to the Department of Finance in civil service accommodation outside Dublin city.

Written Answers — Department of Finance: Credit Unions (8 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that I have requested the information from the Central Bank referred to in his question. The Central Bank have informed me that there is insufficient time to gather and collate the information in the format requested in the time allowed. I will revert to the Deputy with a full response to his question as soon as the Central Bank come back to me with their response.

Written Answers — Department of Finance: Pension Provisions (8 Sep 2020)

Paschal Donohoe: The Central Bank of Ireland's Superannuation Scheme (the Central Bank & Financial Services Authority of Ireland Superannuation 2008) was established by Statutory Instrument and the benefits must mirror those of the civil service superannuation schemes. The employee contribution rate also mirrors the contributions made by Civil Servants including the Additional Superannuation...

Written Answers — Department of Finance: Ministerial Advisers (8 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that on the commencement of every Dáil, the Department of Public Expenditure and Reform issues guidelines setting out the arrangements for the staffing of Ministerial Offices. The appointment of Special Advisers is subject to section 11 of the Public Service Management Act 1997. The Guidelines for the 33rd Dáil, which incorporate the principles of section...

Written Answers — Department of Finance: Ministerial Advisers (8 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that I have retained both of the Special Advisers I had during the 32nd Dáil. No decision has yet been made on a Special Adviser for Minister of State Sean Fleming.

Written Answers — Department of Employment Affairs and Social Protection: Jobseeker's Benefit (8 Sep 2020)

Paschal Donohoe: Between March and August 2020 over 69,500 employers registered for the Temporary Wage Subsidy Scheme (TWSS) with payments worth over €2.8 billion paid out to a total of 663,100 workers. Revenue has published detailed statistics related to the 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...

Written Answers — Department of Justice and Equality: EU Directives (8 Sep 2020)

Paschal Donohoe: On 30 May 2018, the European Parliament adopted Directive EU 2018/849, known as the Fifth EU Anti-Money Laundering Directive (5AMLD). With regard to digital, virtual and cryptocurrencies, the Directive applies to providers of certain services relating to virtual currencies. 5AMLD defines virtual assets as “a digital representation of value that is neither issued by a central bank...

Written Answers — Department of Finance: House Prices (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 293, 297, 298, 300, 302 to 304, inclusive, 331 and 362 together. The Help to Buy scheme (HTB) is designed 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 the State over the previous four years, subject to limits...

Written Answers — Department of Finance: Carbon Tax Yield (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 294 and 295 together. I am advised by Revenue that the annual receipts raised from Carbon Tax in each year from 2010 to 2019 are published on the Revenue website at the following link: . Revenue has also advised me that forecasts for Carbon Tax receipts in each year from 2020 to 2025 are shown in the following table. Year €m ...

Written Answers — Department of Finance: Mortgage Lending (30 Jul 2020)

Paschal Donohoe: I fully appreciate the difficulties that people on the Temporary Wage Subsidy Scheme are experiencing in relation to mortgage applications and drawdowns. The Central Bank has made it clear to all regulated firms that they must take a consumer-focused approach and to act in their customer's best interests at all times, including during the Covid-19 pandemic, and...

Written Answers — Department of Finance: Help-To-Buy Scheme (30 Jul 2020)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act of 1997 provides for The Help to Buy scheme (HTB).  HTB was initially announced on 19 July 2016 as part of the ‘Rebuilding Ireland: Action Plan for Housing and Homelessness’ and was due to terminate on 31 December 2019. However, in Finance Act 2019, I provided for an extension of the scheme, in its...