Results 11,541-11,560 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: EU Funding (9 Jun 2020)

Paschal Donohoe: As the Deputy will be aware, the European Commission has, on 27 May, published revised proposals for the next Multiannual Financial Framework (MFF) to run from 2021-2027 to be supplemented by a proposed temporary European recovery instrument “Next Generation EU”. The total amount being proposed for the period 2021-2027 is €1.85 trillion in commitments (2018...

Written Answers — Department of Finance: Tax Code (9 Jun 2020)

Paschal Donohoe: The Deputy is aware that OECD is currently undertaking a significant project to address the tax challenges of the digital economy, sometimes referred to as BEPS 2.0. A series of proposals have been developed under two Pillars – Pillar One and Pillar Two. The work under ‘Pillar One’ focuses on the distribution of taxing rights in respect of highly digitalised...

Written Answers — Department of Finance: Value Added Tax (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 48 and 77 together. I outlined previously in my answer to Parliamentary Question Nos. 104, 105 and 112 of 20 May 2020 the VAT rate changes implemented by Revenue following the European Commission Decision C (2020)2146, adopted on 3 April 2020. These changes fully implemented the scope for zero rating imports of COVID-19 related goods permitted by the...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 49, 63 and 73 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 Act). The underlying legislation and the TWSS itself were developed having regard to the Government objective of providing assistance to employers and employees, where...

Written Answers — Department of Finance: Fuel Rebate Scheme (9 Jun 2020)

Paschal Donohoe: If the Deputy is referring to the Diesel Rebate Scheme for hauliers and bus operators, this scheme has been continuously in operation since 1 July 2013 and therefore the question of its restoration does not arise.

Written Answers — Department of Finance: Value Added Tax (9 Jun 2020)

Paschal Donohoe: 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 VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Tax Yield (9 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the 2019 receipts from Traditional Betting (in store), Remote Betting (online) and Betting Intermediary Duty on Commissions are shown in the following table. Traditional Betting Remote Betting Betting Intermediary Commissions Total €m €m €m ...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Jun 2020)

Paschal Donohoe: I am advised by Revenue that payments made to employees under the Temporary Wage Subsidy Scheme (TWSS) are liable to Income Tax and the Universal Social Charge (USC). However, in keeping with the Government’s objective of getting much needed assistance to employees during the period of the crisis, the subsidy payments are not taxable in real-time through the PAYE system. Instead,...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 54, 59, 67 and 78 together. The Temporary Wage Subsidy Scheme (TWSS) is one of a number of significant measures that have been introduced since the beginning of March to attempt to minimise the negative impact on the labour market through an exceptional period, where at least one million workers are now relying on some form of State support. The aim...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Jun 2020)

Paschal Donohoe: I refer the Deputy to the reply given by the Minister for Children and Youth Affairs in relation to childcare for heath care workers on the 27 May last. The Temporary Wage Supplement Scheme was developed with the objective of getting much needed financial assistance to employers and employees as well as supporting the maintenance of the link between employers and their employees. The...

Written Answers — Department of Finance: Tax Data (9 Jun 2020)

Paschal Donohoe: I am informed by Revenue that the cost of Income Tax relief granted on superannuation contributions can be found in the ‘Cost of Tax Expenditures’publication, which is available on the Revenue website at link; www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx. The relevant information is available under the heading...

Written Answers — Department of Finance: Mortgage Lending (9 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 credit...

Written Answers — Department of Finance: Cycle to Work Scheme (9 Jun 2020)

Paschal Donohoe: The Cycle To Work scheme came into operation on 1 January 2009. The scheme operates on a self-administration basis and relief is automatically available provided the employer is satisfied that the conditions of their particular scheme meet the requirements of the legislation. There is no notification procedure for employers involved. This approach was taken with the deliberate intention of...

Written Answers — Department of Finance: Credit Unions (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. First of all, I wish to inform the Deputy that both I and my officials have engaged extensively with the credit union representative bodies since the beginning of the COVID-19 pandemic. I spoke with the credit union representative bodies, by conference call on 23 March 2020 and again on 22 April 2020 to discuss the challenges and...

Written Answers — Department of Finance: EU Legislation (9 Jun 2020)

Paschal Donohoe: The Support to mitigate Unemployment Risks in an Emergency (SURE) instrument is intended primarily to support Member States with efforts to protect workers and jobs, and also support some health-related measures. Under the proposal, SURE will provide financial assistance to Member States of up to €100 billion in total. The Commission will borrow on financial markets to finance the...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the initial difficulties experienced by the business in question in accessing the Temporary Wage Subsidy Scheme (TWSS) arose because it failed to file its February submission by 15 March 2020 in accordance with the legislative provisions set down in Section 28 of Emergency Measures in the Public Interest (COVID-19) Act 2020. The business was subsequently provided...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (9 Jun 2020)

Paschal Donohoe: Payments made under the Pandemic Unemployment Payment (PUP) Scheme are income supports and share the characteristics of income. Other income earners in receipt of comparable “normal wages” are taxable on those wages and payments made under the PUP scheme are subject to income tax. However, tax will not be collected in real-time while the scheme is in operation. This is in...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Jun 2020)

Paschal Donohoe: I do not have any plan at this time to reconsider the existing tax credit arrangements that apply to all taxpayers in the manner suggested by the Deputy. It is important to point out that the Temporary Wage Subsidy Scheme (TWSS), the Pandemic Unemployment Payment (PUP) already represent a very significant support to those who have may have suffered a loss of income arising from the...

Written Answers — Department of Finance: Wage Subsidy Scheme (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 71 and 72 together. Regarding tax due from the temporary wage subsidy scheme for 2020 I am advised by Revenue that it is not possible to quantify at this stage the likely amount of tax to be received from employees in receipt of the Temporary Wage Subsidy Scheme (TWSS) supports. This will require assessment at year end of those who availed of the Scheme, to...

Written Answers — Department of Finance: Apple Escrow Account (9 Jun 2020)

Paschal Donohoe: As the Deputy is aware, the alleged State aid from Apple has been recovered by the State. The total amount recovered was €14.285 billion which constitutes the principal amount as well as the relevant EU interest. These sums have been placed into an Escrow Fund with the proceeds being released only when there has been a final determination in the European Courts over the validity of the...