Results 11,081-11,100 of 32,547 for speaker:Paschal Donohoe

Financial Provisions (Covid-19) (No. 2) Bill 2020: Committee and Remaining Stages (29 Jul 2020)

Paschal Donohoe: Section 1 is a definitions section.

Financial Provisions (Covid-19) (No. 2) Bill 2020: Committee and Remaining Stages (29 Jul 2020)

Paschal Donohoe: I am glad I-----

Financial Provisions (Covid-19) (No. 2) Bill 2020: Second Stage (Resumed) (29 Jul 2020)

Paschal Donohoe: The Deputy should read the Bill.

Financial Provisions (Covid-19) (No. 2) Bill 2020: Order for Second Stage (29 Jul 2020)

Paschal Donohoe: I move: "That Second Stage be taken now."

Financial Provisions (Covid-19) (No. 2) Bill 2020: Second Stage (29 Jul 2020)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." I am pleased to have the opportunity to introduce the Financial Provisions (Covid-19) (No. 2) Bill 2020 to the House this morning. This Bill provides the legislative basis to introduce the tax measures that the Government announced as part of the €7.2 billion July jobs plan last week. This plan is the next stage in our response...

Written Answers — Department of Finance: Help-To-Buy Scheme (29 Jul 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...

Written Answers — Department of Finance: Tax Code (29 Jul 2020)

Paschal Donohoe: My Department has provided a Tax Expenditures Report with each Budget since Budget 2016 (the Report on Tax Expenditures 2019 published on the day of Budget 2020 being the most recent).  It can be found at the following link: The versions of this report issued in previous years are also available online, and I expect the next such report, that for 2020, to be published alongside...

Written Answers — Department of Finance: Covid-19 Pandemic (29 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, on 21 July 2020, Heads of State and Government reached agreement on the Post-2020 MFF and recovery plan “Next Generation EU”, totalling €1.82 trillion. Difficult discussions took place over four days. The Government has welcomed this agreement. It is a fair and balanced outcomeand demonstrates that Europe can work collectively to deal with...

Written Answers — Department of Finance: Freedom of Information (29 Jul 2020)

Paschal Donohoe: At the time of answering, there are 23 active Freedom of Information requests being processed in the Department of Finance. There are currently two requests which have exceeded the four week processing timeframe as prescribed under Section 13(1) of the FOI Act.  However, the first request is subject to the extension provided under Section 27 (Fees and charges) and as such, is not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (29 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March 2020 to provide income support to eligible employees where the employer’s business activities have been negatively impacted by the Covid-19 pandemic. The transitional phase of the scheme operated until 3 May 2020, while the necessary IT systems were being developed. This transitional phase provided a subsidy of...

Written Answers — Department of Finance: Covid-19 Pandemic (29 Jul 2020)

Paschal Donohoe: I fully appreciate the concerns you raise at this difficult time about people who are experiencing uncertainty about mortgage applications and drawdowns.  My Department is maintaining close contact with the Central Bank of Ireland and Banking and Payments Federation Ireland – the BPFI - as the lending industry works to address the difficulties the Covid-19...

Written Answers — Department of Finance: Equality Proofing of Budgets (29 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 129 and 130 together. The Government’s belief in the importance of gender and equality proofing remains an integral part of our overall commitments in dealing with the economic fallout from the Covid-19 pandemic. Indeed, the National Economic Plan will reaffirm the approach set out in the Programme for Government, which states that we will build upon...

Written Answers — Department of Finance: Tax Data (29 Jul 2020)

Paschal Donohoe: Revenue has advised me that the number of PAYE taxpayers who received tax refunds in the last five years is set out in the table below. The figures for the most recent four years are subject to change as additional claims are still possible. Tax Year Number of PAYE taxpayers Amount refunded - €m 2015 720,010 464.9 ...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (29 Jul 2020)

Paschal Donohoe: As the public health restrictions are eased, the challenge for the economy and enterprises is evolving. As recently announced in the July Jobs Initiative, the Employment Wage Subsidy Scheme (EWSS) will be in place from 31 July 2020 until 31 March 2021. The TWSS and the EWSS will run in parallel from 31 July until the TWSS ceases at the end of August. From 31 July, any employers who...

Written Answers — Department of Finance: Travel Insurance (28 Jul 2020)

Paschal Donohoe: To date, my Department has not been made aware of instances of insurance companies refusing to issue travel insurance to persons that need to travel abroad for essential work purposes. The Deputy will appreciate, however, that I cannot comment on individual cases, and that the decision of an insurer not to provide insurance is a commercial decision based on the level of risk that the insurer...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jul 2020)

Paschal Donohoe: The Stay and Spend Incentive is intended to be a tax-based scheme in the State that will provide support during the off-season to the Accommodation and Food sector, a particularly vulnerable sector that will continue to be constrained by public health limitations. In order to qualify for participation in the scheme as proposed in the Financial Provisions (Covid-19) (No. 2) Bill 2020: 1....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (28 Jul 2020)

Paschal Donohoe: Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Temporary Wage Subsidy Scheme (TWSS).  The TWSS necessarily builds on data returned to Revenue through its real-time PAYE system. The core principles of the scheme are that: - the business is suffering significant negative economic impact due to the pandemic, - the employees in...

Written Answers — Department of Finance: EU Budget Contribution (28 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, on 21stJuly 2020, Heads of State and Government reached agreement on the Post-2020 MFF and Next Generation EU, totalling €1.82 trillion. Difficult discussions took place over four days but the Government welcomes this agreement. It is a fair and balanced outcomeand demonstrates that Europe can work collectively to deal with this once-in-a-generation crisis....

Written Answers — Department of Finance: Corporation Tax (28 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, the State recovered the alleged State aid from Apple in full by September 2018. The total amount recovered was circa €14.3 billion (which is the principal and relevant EU interest). These sums are held in an Escrow Fund with the proceeds to be released only when there has been a final determination of the case by the European Courts. All income,...

Written Answers — Department of Finance: Tax Code (28 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, consideration of possible changes to CAT rates and thresholds generally takes place as part of the annual Tax Strategy Group, Budget and Finance Bill process. Together, these processes consider options for changes across the wider tax system.  As is normal, the Deputy will appreciate that I cannot comment on any possible changes in...