Results 11,481-11,500 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.  The 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...

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

Paschal Donohoe: As the Deputy is aware, the European Commission decided in August 2016 that Ireland had granted State aid to two Apple companies, ASI and AOE. The then Government decided to appeal the Commission’s decision to the European Courts in November 2016. The European Commission’s decision also required that the State recover the alleged State aid. The €8.4m in external costs...

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.  The 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...

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

Paschal Donohoe: I am advised by Revenue that the business in question does not meet the essential criteria for qualification for the Temporary Wage Subsidy Scheme (TWSS) . As I indicated in my reply of 3 June last to the Deputy’s previous question about the eligibility of the business concerned for the TWSS,  the legislation underpinning the scheme and the scheme itself were developed quickly,...

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

Paschal Donohoe: I propose to take Questions Nos. 89, 91, 107, 131 and 142 together. 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 Directive, Ireland can and does apply a reduced rate, currently 13.5%, to the supply of yoga classes; the Directive does not permit the application of a...

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

Paschal Donohoe: Revenue has advised me that employers within the TWSS who have more than 100 employees account for approximately 3% of all employers in the scheme and 37% of the employees being supported by the scheme.  Notwithstanding any obligations imposed on Revenue under section 851A of the Taxes Consolidation Act 1997 or any other enactment relating to the confidentiality of taxpayer...

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

Paschal Donohoe: I am informed by Revenue that, for those property owners struggling to pay local property tax (LPT), a wide range of payment options are available to suit individual circumstances and payment of LPT can be partially or fully deferred in certain circumstances. In addition, while not restricted to recipients of social welfare payments, such people may qualify for one of the LPT exemptions. ...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (16 Jun 2020)

Paschal Donohoe: The Employment and Investment Incentive (EII) replaced the Business Expansion Scheme in 2011. It is a tax relief incentive scheme that provides tax relief for investment in certain corporate trades and is targeted at job creation and retention for firms in their first seven years of market operation or before that point.  Generally, companies older than seven years should  be...

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.  The 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...

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

Paschal Donohoe: In recognition of the challenges which remain for businesses across the country, the Government decided on 5 June 2020 to extend the Temporary Wage Subsidy Scheme (TWSS) until the end of August. It is not possible to provide an accurate estimate of the cost of the extension.  However, to-date, the scheme is estimated to cost roughly €500 million per week.  The...

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.  The 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...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) was legislated for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020.  The TWSS is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy.  Of necessity, the underlying legislation and the scheme itself were developed really quickly, having regard to the urgent Government...

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

Paschal Donohoe: The temporary wage subsidy scheme, TWSS, is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy and is being extended until the end of August.  The TWSS provides a sum to employers to cover a portion of their wage bill in circumstances where the employer’s business has been negatively impacted by the restrictions that have had to be...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is provided for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020.  In the context of the need for the immediate implementation of the TWSS, the scheme necessarily had to build on data returned to Revenue through its real-time PAYE system.  The key conditions of the scheme, as prescribed in the...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is provided for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020.  Of necessity, the underlying legislation and the scheme itself were developed quickly, having regard to the objective of getting financial assistance to employers and employees, where businesses have been seriously affected by the pandemic and...

Written Answers — Department of Finance: Departmental Expenditure (16 Jun 2020)

Paschal Donohoe: I wish to inform the Deputy that my Department has no record of spending on social media monitoring during the years 2018 and 2019.

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

Paschal Donohoe: The Central Bank is happy to share its assessment, which my office will send to the Deputy.

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

Paschal Donohoe: The flexible approach taken by Revenue to debt collection and enforcement activity has provided vital liquidity support to businesses during the COVID-19 crisis. In this context, Revenue has emphasised the importance of businesses continuing to file tax returns promptly, even in circumstances where they cannot pay the associated liabilities. Revenue has also acknowledged that some...

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

Paschal Donohoe: Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020 underpins the Temporary Wage Subsidy Scheme (TWSS).  It makes provision for the Minister for Finance to determine the amount of the temporary wage subsidy, with the consent of the Minister for Employment Affairs and Social Protection, given with the concurrence of the Minister for Public Expenditure and...