Results 11,161-11,180 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jul 2020)

Paschal Donohoe: I am advised that Revenue publishes a monthly update on the Help to Buy (HTB) scheme on the Revenue website. The most recent update to 30 June 2020 in respect of applications, both approved and pending, and claims made can be found at: Revenue’s statistics in respect of the current year show the total number of applications received at 42,072. Applications will progress to the claim...

Written Answers — Department of Finance: Tax Code (21 Jul 2020)

Paschal Donohoe: Payments made under both the Temporary Wage Subsidy Scheme (TWSS) and the Pandemic Unemployment Payment (PUP) scheme are income supports and share the characteristics of income. Other income earners in receipt of comparable “normal wages” are taxable on those wages. In the interest of equity, payments under the TWSS and the PUP are subject to income tax. Payments under the...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jul 2020)

Paschal Donohoe: S.477C of the Taxes Consolidation Act sets out the requirements of the Help to Buy incentive. It providesthat a qualifying first time buyer must take out a loan in an amount equal to at least 70% of either the purchase price of the property in the case of a purchased house or the value of the property in the case of a self-build house. The valuation of a self-build is as approved by the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 185, 186, 188, 194, 195, 203 and 211 together. The Temporary Wage Subsidy Scheme (TWSS) was introduced in March and was specifically designed to support firm viability and preserve the relationship between the employer and employee insofar as is possible through the lockdown period, in circumstances where the employer’s business had been negatively...

Written Answers — Department of Finance: Licence Applications (21 Jul 2020)

Paschal Donohoe: The Intoxicating Liquor (Breweries and Distilleries) Act 2018 introduced two new classes of Excise Licences to the licensing code, namely a Producer’s Retail On Licenceand a Producer’s Retail Off Licence. Both licences were introduced to allow manufacturers sell the alcohol products manufactured on their premises to visitors. The difference between the licence types is that the...

Written Answers — Department of Finance: Value Added Tax (21 Jul 2020)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. The “use of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is available to employees, whether full-time or part-time, who were on their employer payroll at 29 February 2020. This requirement is set down in Section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020. I am advised by Revenue that the person in question has been employed by two separate employers during 2020 (to date). She...

Written Answers — Department of Finance: Ministerial Advisers (21 Jul 2020)

Paschal Donohoe: 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 Guidelines for the 33rd Dáil are currently awaiting Government approval. It should be noted that the appointment of individual Special Advisers is a matter for each Government Minister subject to the terms...

Written Answers — Department of Finance: Economic Data (21 Jul 2020)

Paschal Donohoe: At present, the Central Statistics Office (CSO) publish investment by asset class (including, machinery and equipment, building and construction, etc.) and not by economic sectors. In line with this, my Department also produces investment projections by asset class rather than by sector. Nonetheless, the nominal value for total gross fixed capital formation (GFCF) or total investment in 2019...

Written Answers — Department of Finance: Tax Data (21 Jul 2020)

Paschal Donohoe: I am advised by Revenue that based on 2019 sales levels and the average Nitrogen Oxide (NOx) rate charged per vehicle in the first six months of 2020, the proposed increase could raise an additional €55m in a full trading year. The bulk of this additional amount (€34m) would arise from imports of second-hand diesel vehicles. This estimate assumes no consumer behavioural change...

Written Answers — Department of Finance: Insurance Costs (21 Jul 2020)

Paschal Donohoe: At the outset, it is important to note that I am very much aware of the problems faced by many businesses and consumers in relation to the cost and availability of insurance. The Government will continue to prioritise reform of the insurance sector with particular emphasis on motor, public liability, and employer liability insurance. This is recognised in the Programme for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: While I, as Minister for Finance, have no function in respect of tracking landlord dealings with enterprises, the Banking Division of my Department does monitor bank lending with a particular focus on SME access to credit and related issues. The Strategic Banking Corporation of Ireland (SBCI), a body under the aegis of my Department, is closely involved in the design and implementation of...

Written Answers — Department of Finance: Departmental Contracts (21 Jul 2020)

Paschal Donohoe: The Department of Finance did not hold any contracts with Aramark or its subsidiaries during the period 1 January 2016 to 14 July 2020. There are 17 bodies under the aegis of my Department. Of these bodies, 11 have not awarded any contracts to Aramark Ireland or its subsidiaries for the period in question. These bodies are the Office of the Comptroller and Auditor General, the Credit Review...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: Revenue publishes detailed statistics on the COVID-19 Temporary Wage Subsidy Scheme (TWSS) and weekly updates to these statistics are available at . I am advised that Table 6 of the TWSS statistics dated 2 July(at the above link) shows the most recent analysis available in respect of additional payments by employers availing of the TWSS to employees. From this analysis, over 88% of employees...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) supports employment during the public health restrictions necessitated by the COVID-19 pandemic. The scheme has to date supported almost 63,000 employers in maintaining the employment of some 618,000 employees at a cost over €2 billion. The Deputy’s question refers to the ongoing programme of compliance checks by Revenue to ensure...

Written Answers — Department of Finance: Banking Sector (21 Jul 2020)

Paschal Donohoe: The swift introduction, and subsequent extension to 6 months, of the payment breaks by the Banking and Payments Federation of Ireland was critical for borrowers impacted by Covid-19. The payment breaks on mortgages allow households to absorb the shock of the crisis, so that as many as possible can recover once the virus is under control. As at the end of June, the Central Bank reported...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: The Government’s priority in so far as the Temporary Wage Subsidy Scheme (TWSS) is concerned was and is to ensure that all employers experiencing significant negative economic disruption from COVID-19 can register for and start to receive payment quickly. The ambition of the scheme is to ensure the relationship between employers and employees is maintained to the greatest extent...

Written Answers — Department of Finance: EU Investigations (21 Jul 2020)

Paschal Donohoe: As the Deputy is aware, the General Court of the European Union (GCEU) annulled the European Commission's State Aid Decision of 30 August 2016 in relation to Apple. The GCEU concluded that the Commission in their Decision had failed to demonstrate that by issuing the opinions in 1991 and 2007 that the Irish authorities had granted the two Apple companies ASI and AOE a selective advantage....

Written Answers — Department of Finance: Tax Avoidance (21 Jul 2020)

Paschal Donohoe: Legislative proposals in the field of taxation are brought forward on the basis of Articles 113 and 115, which require unanimous approval by Member States to be adopted. Article 116 of the Treaty of the Functioning of the European Union provides that a legislative proposal may be agreed using the ordinary voting procedure if a difference between the provisions laid down by law, regulation...

Written Answers — Department of Finance: Housing Data (21 Jul 2020)

Paschal Donohoe: I am advised by NAMA that, from 2014 to end-March 2020, NAMA has funded the direct delivery of 11,761 residential units and facilitated the indirect delivery of 5,357 units. Therefore, the figure of 17,000 units per NAMA’s 2019 Annual Report includes 5,300 units which have been indirectly delivered by NAMA. Indirect delivery relates to units delivered on sites for which NAMA...