Results 11,281-11,300 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was legislated for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. I am advised by Revenue that in computing the employer’s liability to income tax or corporation tax, as the case may be, the employer is not entitled to a deduction in respect of TWSS payments paid to an eligible...

Written Answers — Department of Finance: Value Added Tax (14 Jul 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the reduced rate of VAT (13.5%) currently applies to accommodation, certain recreational activities and supplies of food and drink in restaurants, excluding alcohol and soft drinks. Under EU VAT law, Member States may only have...

Written Answers — Department of Finance: Value Added Tax (14 Jul 2020)

Paschal Donohoe: I am advised by Revenue that VAT registered traders are not required to separately identify the VAT generated from a particular activity or product type on their VAT returns. However, using Revenue and other third-party data, an estimate of the VAT generated at the standard rate (currently 23%) for the years 2012 to 2019 is provided below. Year Yield Standard Rate (23%)...

Written Answers — Department of Finance: Tax Code (14 Jul 2020)

Paschal Donohoe: I am advised by Revenue that the receipts generated by Excise Duty on alcohols for the years 2012 to 2018 are published on the Revenue website at link: www.revenue.ie/en/corporate/documents/statistics/excise/net- receipts-by-commodity.pdf. The Excise Duty receipts on alcohol for 2019 amounted to €1,233 million. In relation to the issue of the rate of alcohol excise duty, as the Deputy...

Written Answers — Department of Finance: Value Added Tax (14 Jul 2020)

Paschal Donohoe: The European Commission Decision C(2020)2146, adopted on 3 April 2020, provides for the importation of goods to fight the effects of COVID -19 (including personal protective equipment) from outside the European Union without the payment of VAT or Customs Duty from January 2020. Such relief is permitted where the goods are imported by or on behalf of State bodies, public bodies and other...

Written Answers — Department of Finance: Value Added Tax (14 Jul 2020)

Paschal Donohoe: The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes our people can get back to work as quickly and...

Written Answers — Department of Finance: Value Added Tax (14 Jul 2020)

Paschal Donohoe: The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes our people can get back to work as quickly and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) 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 were on the payroll at 29 February 2020; and, - the employer had fulfilled its PAYE reporting obligations for February 2020,...

Written Answers — Department of Finance: State Bodies (14 Jul 2020)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes. The FSPO has advised me that the number of vacancies at 3 July 2020 and the estimated full year costs are as follows: Grade Number of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Jul 2020)

Paschal Donohoe: The Government’s priority in so far as the Temporary Wages 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: Tax Credits (14 Jul 2020)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) allows an employee or office holder to claim a deduction for expenses incurred by him or her wholly, exclusively andnecessarily in the performance of the duties of his or her employment or office. This may include expenses incurred on digital technology, if all elements of the requirement are met. Furthermore, an employer may provide...

Written Answers — Department of Finance: Credit Unions (14 Jul 2020)

Paschal Donohoe: The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in the delivery of financial services in local communities across Ireland, the need for which is heightened at this time. Credit unions account for approximately one third of the consumer credit market and are...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 Jul 2020)

Paschal Donohoe: Payments made under 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, therefore, payments under the PUP scheme are subject to income tax. However, following the general taxation rule for social welfare...

Written Answers — Department of Finance: Vehicle Registration Tax (14 Jul 2020)

Paschal Donohoe: Vehicle Registration Tax (VRT) is based on the Open Market Selling Price (OMSP) of an imported vehicle, which is defined as the price it might reasonably be expected to fetch if sold in the State. The OMSP is determined by reference to the vehicle model, level of CO2emissions, level of Nitrogen Oxide emissions, mileage, condition of the vehicle, and any special features or characteristics....

Written Answers — Department of Finance: Vehicle Registration Tax (14 Jul 2020)

Paschal Donohoe: I am informed by Revenue that the appointed agent for the registration of vehicles, Applus, has re-opened the National Car Testing Service (NCTS) Centres for VRT purposes after 10 weeks’ closure due to Covid-19. The Centres were re-opened on a phased basis between June 8 and June 29 and every effort is now being made to reduce the waiting times for appointments and to clear the...

Written Answers — Department of Finance: Personal Injury Claims (14 Jul 2020)

Paschal Donohoe: At the outset, I wish to emphasise that specific details on businesses operating in the context of the pandemic are a matter for my colleague the Tánaiste and Minister for Enterprise, Trade and Employment and his Department. In addition to this, matters of liability fall under the remit of the Department of Justice and my colleague the Minister for Justice. Having noted this, in my remit...

Written Answers — Department of Finance: Value Added Tax (14 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: Revenue Commissioners (14 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is a vital support to maintaining employment during the public health restrictions necessitated by the COVID-19 pandemic. To date, the scheme has provided almost €2 billion in support to over 61,000 employers in respect of some 600,000 employees. There are approximately 405,000 employees currently receiving support through the scheme. The TWSS...

Written Answers — Department of Finance: Banking Sector (14 Jul 2020)

Paschal Donohoe: The Members of the Banking and Payments Federation of Ireland introduced the payment break for their customers on 18 March last to provide relief for people whose income had been affected by the Covid-1 crisis. The EBA guidelines of 2 April stated the following in paragraph 24: "The moratorium changes only the schedule of payments. This condition is consistent with the objective of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (14 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 scheme is designed to maintain the relationship between employers and employees and minimise the impact on the economy to the greatest extent possible during the public health restrictions necessitated by the COVID-19 pandemic. Payments made under the...