Results 11,501-11,520 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Unions (24 Sep 2020)

Paschal Donohoe: The Central Bank have informed me that there is no Central Bank regulation relating to Death Benefit Insurance. The Central Bank understand that any requirements mandating a credit union to have a percentage of its members sign up to a Death Benefit Insurance scheme to allow such a scheme to be offered to members, may be a particular feature of the product offering of the insurer. ...

Written Answers — Department of Finance: State Claims Agency (24 Sep 2020)

Paschal Donohoe: The State Claims Agency has prepared the attached table in response to the information requested by the Deputy. The information in the table represents the amount paid on claims finalised by court award between 1 January 2010 and 31 August 2020.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (23 Sep 2020)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s National Promotional Institution for SMEs. The goal of the SBCI is to increase the availability of appropriately priced, flexible funding to viable Irish SMEs. The SBCI’s role is to provide and promote the provision of credit to SMEs. The SBCI do not engage in direct lending, rather they work through on-lending...

Written Answers — Department of Finance: Help-To-Buy Scheme (23 Sep 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. This measure is designed to stimulate supply of new houses in the...

Written Answers — Department of Finance: Wage Subsidy Scheme (23 Sep 2020)

Paschal Donohoe: The Deputy will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. The Temporary Wage Subsidy Scheme (TWSS), which was provided for in section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020, expired...

Written Answers — Department of Finance: Insurance Industry (23 Sep 2020)

Paschal Donohoe: Let me say at the outset that I am very much aware of the problems faced by many businesses in the leisure industry, in relation to the availability and affordability of public liability insurance. However, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, and neither can we compel any insurer operating in the Irish market to provide cover, as this is...

Written Answers — Department of Finance: National Asset Management Agency (23 Sep 2020)

Paschal Donohoe: Since its inception, NAMA has advanced capital funding to its debtors and receivers in cases where it can be shown that such funding will enhance or protect the value of the assets securing NAMA’s loan portfolio. Subject to commercial viability, NAMA funds capital expenditure for the planning, design and construction of new residential and commercial projects. NAMA also funds...

Written Answers — Department of Finance: National Asset Management Agency (23 Sep 2020)

Paschal Donohoe: I wish to advise the Deputy that NAMA may provide funding to its debtors and receivers to protect and enhance their assets so as to optimise their income-producing potential and disposal value. This is in accordance with section 10 of the NAMA Act which states that NAMA is required to protect or enhance the value of its acquired assets and to obtain the best achievable financial return for...

Written Answers — Department of Finance: National Debt (23 Sep 2020)

Paschal Donohoe: Exchequer cash interest paid in respect of Ireland’s national debt for the eight-month period January to August 2020 was just over €3.75 billion. This is a provisional, unaudited figure, as provided to me by the National Treasury Management Agency (NTMA). It is close to €200 million (5%) lower than the same period in 2019. It includes interest paid on Government...

Written Answers — Department of Finance: National Asset Management Agency (23 Sep 2020)

Paschal Donohoe: The Deputy will be aware that NAMA does not generally own properties; rather NAMA owns loans for which the properties act as security. I am advised that NAMA debtors and receivers own an estimated 675 hectares of land suitable for residential development in Ireland. NAMA regularly assesses the feasibility of these sites and, where development is deemed commercially viable; NAMA provides...

Written Answers — Department of Finance: Banking Sector (23 Sep 2020)

Paschal Donohoe: Ulster Bank Ireland is a significant employer, has 88 branches, has a sizeable market share in terms of mortgage lending and SME lending and it is important in terms of providing competition in the Irish market. I aware of the media reports suggesting that NatWest is engaged in a strategic review of its operations and specifically examining options in relation to Ulster Bank Ireland. The...

Written Answers — Department of Finance: Banking Sector (23 Sep 2020)

Paschal Donohoe: A recent Indecon report on Community Banking in Ireland, published by my Department in December 2019, concluded that there is extensive provision of banking services by credit unions, An Post, as well as by commercial banking providers in the Irish market. The report found that there are 1,912 branches operated by banks, credit unions and post offices in Ireland, 63% of these branches are...

Written Answers — Department of Finance: Tax Reliefs (23 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 67 and 68 together. In accordance with the section 481 certification process, where a project has been suspended, it is a requirement for production companies to notify the suspension to the Department, of Media, Tourism, Arts, Culture and Sport (DMTACS). It is my understanding that the DMTACS have received a number of such notifications as a result of the...

Written Answers — Department of Finance: Tax Collection (22 Sep 2020)

Paschal Donohoe: I am advised that Revenue has announced a further four-week extension to the Income Tax Pay & File deadline for customers making their returns and payments through the Revenue On-Line System (ROS). The additional time, to Thursday 10 December 2020, is in recognition of the challenges being experienced by the business community and by tax practitioners arising from the COVID-19...

Written Answers — Department of Finance: Value Added Tax (22 Sep 2020)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 226 and 230 together. The Deputies will be aware that under Section 851A of the Taxes Consolidation Act 1997, Revenue is precluded by reason of its taxpayer confidentiality obligations, from providing any details in relation to the company in question. I have been advised by Revenue that questions relating to an individual’s entitlements and rights in...

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Sep 2020)

Paschal Donohoe: The Help to Buy (HTB) scheme was introduced to help first-time buyers of newly built homes. The scheme is applicable where a first-time buyer purchases or self-builds a new residential property. Revenue has advised me that the person in question submitted a HTB application in respect of a renovation to an existing dwelling rather than a new build and on that basis does not qualify for the...

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Sep 2020)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. In addition to the conditions laid down in section 477C Taxes...

Written Answers — Department of Finance: Wage Subsidy Scheme (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 229 and 269 together. The Temporary Wage Subsidy (TWSS) was in place for 22 weeks between 26 March and 31 August. It was introduced as an emergency income support for employees of vulnerable firms (where turnover had reduced by at least 25% during Q2 while the strictest public health measures were in place) and was paid via the employer so as to maintain...

Written Answers — Department of Finance: Free Travel Scheme (22 Sep 2020)

Paschal Donohoe: I am advised by Revenue that it has not been possible to identify the person in question from the information provided by the Deputy. I am also advised that Revenue made direct contact with the Deputy’s office to confirm the person’s details and is awaiting a reply. Once the person’s identity is established, Revenue has assured me that the matter will be dealt with as a...