Results 11,521-11,540 of 33,214 for speaker:Paschal Donohoe

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

Paschal Donohoe: The design of the Employment Wage Subsidy Scheme (EWSS) reflects the changing environment around the COVID-19 pandemic which has shifted from crisis mode to one of living alongside the virus, in line with the recently announced Resilience and Recovery 2020-2021: Plan for Living with COVID-19. As a result, a number of flexibilities have been included in the EWSS, while the rates and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: I have been advised that a Supreme Court decision of 18thJune found in favour of two appellants against the Disabled Drivers Medical Board of Appeal’s refusal to grant the individuals Primary Medical Certificates (PMC). My officials are currently examining the judgement, in conjunction with the Attorney General’s Office, and will bring forward any policy and/or legislative...

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

Paschal Donohoe: As the Deputy may 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. 235, 245 and 272 together. The Employment Wage Subsidy Scheme (EWSS), which commenced on 1 September 2020 (I July for certain newly hired employees and seasonal workers), provides a flat-rate subsidy to qualifying employers based on the numbers and gross pay of eligible employees on their payroll. The EWSS replaces the Temporary Wage Subsidy Scheme (TWSS)...

Written Answers — Department of Finance: Bank Charges (22 Sep 2020)

Paschal Donohoe: As the Deputy is aware as Minister for Finance I have no role in the commercial decisions made by the banks, including the structure and level of pricing for their various product offerings. This applies equally to the banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks which must be run on an independent...

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

Paschal Donohoe: I am advised by Revenue that tax records are categorised by activity using an EU standard known as NACE codes (economic activity classification). This classification system does not separately distinguish live action film making, but NACE code 5911 relates to the sector ‘motion picture, video and television programme production activities.’ The number of taxpayer units, their...

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: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: Last March in response to the Covid-19 crisis, the Banking and Payments Federation of Ireland (BPFI) and its members announced a 3-month payment break would be made available for their customers, including SMEs. Following the initial payment break a further 3-month extension was announced by BPFI. As such, the Deputy should note that these payment breaks were introduced on a voluntary basis...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) was legislated for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employees on the payroll. In order to be eligible for the scheme, an employer must be able to demonstrate that his or her business will experience a 30% reduction in turnover or...

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

Paschal Donohoe: I am advised by Revenue that while working remotely does not entitle PAYE workers to a tax credit, there is a Revenue administrative practice in place when e-workers incur certain expenditure in the performance of their duties of employment from home. Revenue have confirmed that PAYE workers using their primary residence as a workplace during Covid-19 restrictions qualify as e-workers. ...

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

Paschal Donohoe: I am advised by Revenue that a Ready Reckoner is available on its website at link: which provides a wide range of detailed information, including on page 18, changes to the Stamp Duty rate on residential property. While the Ready Reckoner does not show the specific costing you have requested, this can be estimated on a pro-rata or straight line basis from the data provided. The estimates...

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

Paschal Donohoe: Having clarified with the Deputy I understand this question is in fact referring to a reduction in theceiling on which no BIK applies for electric cars from €50,000 to €40,000 and €30,000. I am advised by Revenue that while some employee-level taxable benefits are recorded separately in employer tax returns, the information required to estimate the Deputy’s...

Written Answers — Department of Finance: Job Creation (22 Sep 2020)

Paschal Donohoe: I am informed by the National Treasury Management Agency, which manages the Ireland Strategic Investment Fund (ISIF), that this information can be obtained on the ISIF website at the following link: The data in the report reflects detailed survey data for Financial Year 2019. Given the quantum of surveys of underlying investees and underlying investees of indirect investments and the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: I am aware of the concerns that have been raised regarding the pace of recovery for some sectors of the economy and that it has been suggested that modifications should be made to some of the new State supports on the basis of particular sectoral characteristics. However, I would note that the reality of COVID-19 is that our whole economy and labour market have been rapidly transformed by...

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

Paschal Donohoe: I am advised by Revenue that the receipts collected in respect of pub and other types of Excise licence in 2019 and earlier years are published on the Revenue website at the following link: .

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

Paschal Donohoe: In general, CGT is charged on the value of the capital gain made on the disposal of an asset. The current rate of CGT has stood at 33% cent for disposals made from 6 December 2012 with a limited number of exemptions and reliefs. I am advised by Revenue that information in respect of Capital Gains Tax (CGT), including the types of asset disposal giving rise to taxable gains, for the most...

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

Paschal Donohoe: In general, CGT is charged on the value of the capital gain made on the disposal of an asset. The current rate of CGT has stood at 33% cent for disposals made from 6 December 2012. Ireland’s CGT regime includes a number of exemptions and reliefs. More information on CGT reliefs () and exemptions () are available on the Revenue website. I am advised by Revenue that information in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Sep 2020)

Paschal Donohoe: Covid-19 has brought unprecedented challenges for all of us in society. The Government recognises the importance of the SME sector that accounts for over 99 percent of businesses and nearly 70 per cent of employment in the Irish economy. That is why a key focus of Government has been to support businesses as they work through the challenges facing them. Government has acted decisively to...

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

Paschal Donohoe: The following table sets out details of the cost of the tax relief for trade union subscriptions in the seven years immediately prior to its end, including 2010 (in which year, the measure cost some €26 million): Year Cost (€ million) No. of Claims 2004 10.7 248,300 2005 11.8 272,100 ...

Written Answers — Department of Finance: National Debt (22 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 252 and 253 together. I am informed by the National Treasury Management Agency (NTMA) that at end-August 2020, Gross National Debt stood at almost €230bn. This is an increase of just over €23bn on the year-end 2019 position and reflects the impact of the COVID-19 pandemic on the public finances and the resultant increased borrowing requirement. ...