Results 11,461-11,480 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Lending (16 Jun 2020)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the consumer’s creditworthiness. That assessment must take appropriate account of factors relevant to verifying the prospect of the consumer being able to meet his or her obligations under the credit...

Written Answers — Department of Finance: Home Building Finance Ireland (16 Jun 2020)

Paschal Donohoe: I am advised by HBFI that of the 70 loan applications received there are currently 12 pending decision. I am further advised that HBFI has approved approximately 50% of all valid applications received to date and that this approval level is standard for residential development lending and reflects the underlying risk profile of the projects. Loan applications are assessed on a case by case...

Written Answers — Department of Finance: Commencement of Legislation (16 Jun 2020)

Paschal Donohoe: The Consumer Insurance Contracts Act 2019 was signed into law by the President on 26 December 2019. The Act provides the Minister for Finance with powers to appoint a date for the Act to come into operation, or to appoint different days to commence different provisions of the Act. At the end of January, I took the decision that the matter of when to commence the Act should be taken by...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 2020)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the consumer’s creditworthiness. That assessment must take appropriate account of factors relevant to verifying the prospect of the consumer being able to meet his or her obligations under the credit...

Written Answers — Department of Finance: Mortgage Lending (16 Jun 2020)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (CMCAR) provide that, before concluding a mortgage credit agreement, a lender must make a thorough assessment of the consumer’s creditworthiness. That assessment must take appropriate account of factors relevant to verifying the prospect of the consumer being able to meet his or her obligations under the credit...

Written Answers — Department of Finance: Tax Data (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that €209.2 million was collected in Carbon Tax for the period January to May 2020. This is an increase of €20.7 million over the same period in 2019. It is important to note that for the period January to May 2019 carbon tax was charged at €20 a tonne, while in the period January to May 2020 carbon tax on petrol and auto-diesel was charged at...

Written Answers — Department of Finance: Insurance Costs (16 Jun 2020)

Paschal Donohoe: At the outset it should be noted that neither I, as Minister for Finance, nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses. This position is reinforced by the EU framework for insurance (the Solvency II Directive) which expressly prohibits...

Written Answers — Department of Finance: Banking Sector (16 Jun 2020)

Paschal Donohoe: As the Deputy is aware, I 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. Furthermore, officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing engagement...

Written Answers — Department of Finance: Tax Code (16 Jun 2020)

Paschal Donohoe: I am advised Revenue that an individual’s tax residence position is determined in accordance with the provisions of section 819 Taxes Consolidation Act 1997. In that regard, an individual’s tax residence status is determined by reference to his or her presence in the State during a particular tax year. For example, an individual will be considered tax resident in the State if...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2020)

Paschal Donohoe: One of my main concerns currently is to ensure that SMEs have access to sufficient liquidity, and that access to credit for SMEs is maintained. While, as Minister for Finance, I have no function in the commercial decisions of banks, given the current COVID-19 crisis I have met with the CEOs of the 5 main banks and the Banking and Payments Federation of Ireland (BPFI). The banks assured me...

Written Answers — Department of Finance: Help-To-Buy Scheme (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. 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...

Written Answers — Department of Finance: Vehicle Registration Tax (16 Jun 2020)

Paschal Donohoe: I am informed by Revenue that the following National Car Testing Service (NCTS) Centres will reopen for VRT business from 15 June: Blarney, Waterford, Limerick, Ballymount, Greenhills, Galway, Letterkenny, Dundalk and, from 22 June, Enniscorthy and Ennis. As more details become available in respect of other NCTS Centres they will be updated on the Revenue website. I am further informed...

Written Answers — Department of Finance: Probate Applications (16 Jun 2020)

Paschal Donohoe: Revenue has advised me that there has been extensive correspondence in this case, the most recent of which issued to the relevant parties on 3 June 2020. Revenue has also spoken directly with the representatives in the case to confirm the details required in order to finalise the matter. Revenue has assured me that once the requested documentation is received it will have the matter dealt...

Written Answers — Department of Finance: Covid-19 Pandemic (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 74 and 129 together. The Deputy will aware that card payments, and in particular contactless payments, are being promoted in order to support public health policy at this time. As retail outlets begin to reopen, I am aware that some retailers are choosing to only accept card and contactless payments in store I understand that this may cause...

Written Answers — Department of Finance: Value Added Tax (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. Under the EU VAT Directive and Irish VAT legislation the supply of building materials is liable to VAT at the standard rate, currently 23%. Member states are not permitted to apply a VAT rate lower than the standard rate to building...

Written Answers — Department of Finance: Cycle to Work Scheme (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 76, 77, 136, 137 and 138 together. Section 118(5G) of the Taxes Consolidation Act 1997 provides for the cycle to work scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,000 for an employee to use, in whole or in part, to travel to work. Safety...

Written Answers — Department of Finance: Nursing Home Fees (16 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the cheque in question dated 9 April 2020 has now been processed.  The cheque was sent to one of Revenue’s smaller offices and the delay in processing it was due to the limited access to that office as a result of travel restrictions imposed during the ongoing COVID-19 pandemic. Revenue has confirmed that it will waive any interest that may arise for...

Written Answers — Department of Finance: Tax Reliefs (16 Jun 2020)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the...

Written Answers — Department of Finance: Covid-19 Pandemic (16 Jun 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 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 bodies governed by public law, disaster...

Written Answers — Department of Finance: Credit Unions (16 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 82 and 83 together. 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 can play in rebuilding the economy, including the SME sector. Credit unions can and do already lend to SMEs, with €114 million of commercial loans...