Results 11,501-11,520 of 32,602 for speaker:Paschal Donohoe

Climate Action and Low Carbon Development: Statements (Resumed) (17 Jun 2020)

Paschal Donohoe: I am pleased to present to the House the annual adaptation transition statement on the policy measures adopted by the Office of Public Works during the past year. Deputies are aware of Ireland's history of flooding, including the widespread severe floods from rivers and turloughs over the winter of 2015 to 2016, the flash floods in the Inishowen Peninsula and in Mountmellick, County Laois,...

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

Paschal Donohoe: I propose to take Questions Nos. 41, 53, 58, 80, 85, 92, 99 and 112 together. The Temporary Wage Subsidy Scheme (TWSS) is provided for in section 28 of the recently enacted 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...

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

Paschal Donohoe: I propose to take Questions Nos. 42 and 71 together. The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26 March to support firm viability and preserve the relationship between the employer and employee insofar as is possible by subsidising a portion of the employer wage bill in circumstances where the employer’s business has been negatively impacted by the restrictions...

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

Paschal Donohoe: Under the terms of the Finance (Local Property Tax) Act 2012 as amended, a property is liable for Local Property Tax (LPT) if it is a residential property on the valuation date of 1 May 2013. A 'residential property' is any building (or part of a building) which is used as, or is suitable for use as, a dwelling. A property that is not occupied and is suitable for use as a dwelling is still a...

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

Paschal Donohoe: Ireland has a progressive income tax system which is structured such that the more income you have, the more tax you pay. The system applies equally to all income earners liable to taxation in the State. As an individual’s income increases they move up through the various rates and bands and, as a result, while the levels of take home pay increase overall, the amount of tax paid also...

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

Paschal Donohoe: Measures to support the provision of childcare are primarily a matter for the Minister for Children and Youth Affairs. 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 have been developed very quickly, having regard to the objective of getting much needed assistance to employers...

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

Paschal Donohoe: I propose to take Questions Nos. 46, 47 and 50 together. I am advised by Revenue that the requirement to make an appointment to register a car within seven days of arrival in the State and to register the car within 30 days is not being enforced by Revenue while the NCTS Centres are closed and the possibility of registering cars is not available; vehicles that cannot be registered in these...

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

Paschal Donohoe: At the outset, I understand that the Deputy’s question relates to independent contractors, that work at public events, like sound engineers, security staff, etc., and not general employees of businesses that may be operating at such events.The Deputy should note that neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, or their...

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 is the legislation underpinning the Temporary Wage Subsidy Scheme (TWSS). The Government’s priority in so far as the 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....

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

Paschal Donohoe: I propose to take Questions Nos. 51 and 108 together. I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the 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...

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. The scheme builds on data returned to Revenue through its real-time PAYE system. It must be accepted that the underlying legislation and the scheme itself cannot be tailored to meet every individual unique set of circumstances for either employers or...

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

Paschal Donohoe: Increasing the allowable threshold for accounting for VAT on a monies received basis would generate a once-off cash-flow cost to the Exchequer. I am advised by Revenue that, based on 2019 VAT returns, increasing the threshold from €2.0m to €2.25m could have a cash-flow cost in the region of €27m in the year in which the change is made.

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

Paschal Donohoe: I am informed by Revenue that the estimated yields from standard-rating discretionary tax reliefs and expenditures currently available at the marginal rate that cost in excess of €5 million per year are as shown in the following table. These yields are based on 2017 data. The estimates are tentative and do not account for alterations in taxpayer behaviour. Relief or...

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

Paschal Donohoe: Revenue has deferred collection of 2020 Local Property Tax (LPT) liabilities that were scheduled for payment on 21 March 2020 via the electronic Annual Debit Instruction (ADI) option. The initial revised date for collection was 21 May 2020 but Revenue subsequently further extended the date to 21 July 2020 in response to the unfolding COVID-19 crisis. Revenue has advised me that arrangements...

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

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is designed to support the objective of getting much needed financial assistance to employers and employees, where businesses have been seriously affected by the COVID-19 pandemic and the necessary restrictions introduced to fight the spread of the virus. The subsidy is operated by employers through their payroll and the amount due to each...

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...