Results 11,021-11,040 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Wage Subsidy Scheme (8 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 256, 278 and 290 together. The Employment Wage Subsidy Scheme (EWSS) was legislated for in 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 employees on the payroll. Under the legislation as enacted, proprietary directors are not qualifying...

Written Answers — Department of Finance: Wage Subsidy Scheme (8 Sep 2020)

Paschal Donohoe: The Temporary Wages Subsidy Scheme (TWSS) was legislated for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. Of necessity, the underlying legislation and the scheme itself were developed very quickly, having regard to the overarching, urgent Government objective of getting much needed financial assistance to employers and employees, where...

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

Paschal Donohoe: I am advised by Revenue that the cost of extending the additional 5% increase of the Help to Buy scheme (and €30,000 maximum cap), that was introduced in the July stimulus package on 23 July, to all claims approved between 1 March 2020 and 22 July 2020 is estimated to be in the region of €13m. In relation to the proposition that the scheme should be extended to include all...

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. The Government recently announced a temporary enhancement to the...

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

Paschal Donohoe: Section 469 of the Taxes Consolidation Act 1997 provides for relief at the standard rate of income tax (currently 20%) on certain health expenses incurred in the provision of health care. The provision of tax relief at the standard rate ensures that all taxpayers are treated equally regardless of whether they pay tax at the standard or higher rate. For the purposes of the section...

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

Paschal Donohoe: I propose to take Questions Nos. 261, 262, 264 and 269 together. Many of the strictest public health restrictions on the economy have been eased so it is appropriate that the level of State subsidy be moderated, while also recognising that economic outputs are unlikely to return to normal for many businesses for much of the rest of 2020 because of the continued need to observe some...

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

Paschal Donohoe: I propose to take Questions Nos. 263 and 312 together. As the Deputies 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: Wage Subsidy Scheme (8 Sep 2020)

Paschal Donohoe: Our whole economy and labour market have been rapidly transformed by the unprecedented shock of COVID-19 and nearly all sectors have been negatively impacted either directly or indirectly this year. As a result, the Employment Wage Subsidy Scheme (EWSS) has been deliberately designed as an economy wide measure, open to all sectors as was also the case for preceding Temporary Wage Subsidy...

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

Paschal Donohoe: I would like to begin by assuring the Deputy that insurance reform is a key priority for this Government and this is reflected in the Programme for Government. It lays out commitments that are aimed at addressing consumer and business concerns on the cost of insurance. These commitments include increasing transparency; addressing legal reforms in certain areas of civil law; addressing fraud;...

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

Paschal Donohoe: I am advised by Revenue that the Med2 form is not returned by claimants (to Revenue) and therefore it is not possible to determine the amount of health expenses claimed for non-routine dental work. In claims submitted to Revenue for tax relief on health expenses, dental expenses are combined with other health expenses and therefore disaggregated data are not available. The 2019 Form 11 tax...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). Persons that might be dissatisfied...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). State Savings products are...

Written Answers — Department of Finance: State Savings Schemes (8 Sep 2020)

Paschal Donohoe: State Savings products are offered by the Minister for Finance acting through the National Treasury Management Agency (NTMA) pursuant to the powers conferred on the NTMA by the National Treasury Management Agency Act 1990 and the National Treasury Management Agency Act 1990 (Delegation of and Declaration as to Functions) Order 1990 (S.I. No. 277 of 1990). State Savings products are...

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...