Results 11,561-11,580 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Rainy Day Fund (9 Jun 2020)

Paschal Donohoe: The value of the National Surplus (Exceptional Contingencies) Reserve Fund (“the Rainy Day Fund”) as at 30 May was €1.5bn. Given the scale of the impact on the economy of COVID-19 the Taoiseach has stated previously that the Rainy Day Fund (RDF) will be accessed as part of the Government’s response to the pandemic. The Stability Programme Update published in...

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

Paschal Donohoe: The Pandemic Stabilisation and Recovery Fund (the “PSRF”), is a €2 billion sub-portfolio within the Ireland Strategic Investment Fund (the “ISIF”). The ISIF is managed and controlled by the National Treasury Management Agency. The PSRF requires no primary legislation as it will operate under the existing ISIF statutory mandate (investing on a commercial...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (9 Jun 2020)

Paschal Donohoe: The information requested by the Deputy is set out in the following table. Scheme Number of loans sanctioned from 1 January to 4 June 2020 Value of loans Future Growth Loan Scheme 667 €161,566,068 Brexit Loan Scheme 48 €7,068,000 Covid19 Working Capital Scheme 372 ...

Written Answers — Department of Finance: Banking Sector (9 Jun 2020)

Paschal Donohoe: As the Deputy is aware, I have engaged and will continue to engage, extensively with the Banking and Payments Federation (BPFI) and the banks directly in relation to supports for personal and business customers affected by the COVID-19 crisis. Furthermore, officials in my Department are alert to issues raised directly by the public and these inform the Department’s ongoing engagement...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (9 Jun 2020)

Paschal Donohoe: I am advised that from the 1 January to end May 2020, the Financial Services and Pensions Ombudsman (FSPO) received 2,103 complaints. The number of complaints for the same period in 2019 was 2,405. In March of this year, the FSPO began to receive small numbers of complaints which included COVID-19 as an element of the complaint. At the end of May 2020, the FSPO had received 100...

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

Paschal Donohoe: I am advised by Revenue that information on mineral oil tax receipts (MOT) and carbon tax on liquid fuels for the years 2016 to 2018 are published on the Revenue website at link: www.revenue.ie/en/corporate/documents/statistics/excise/net- receipts-by-commodity.pdf. The provisional receipts from MOT and carbon tax for 2019 and the period January to May 2020 are shown in the following table. ...

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

Paschal Donohoe: I am advised by Revenue that its Large Cases Division was realigned to Large Corporates Division (LCD) and Large Cases – High Wealth Individuals Division (LC-HWID) in May 2018. On 1 November 2018, the Medium Enterprises Division (MED) was established. Details of the number of instances and the value of tax involved in amended assessments made by these Divisions to reflect additional...

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

Paschal Donohoe: Loss relief for corporation tax is a long standing feature of the Irish corporate tax system and is a standard feature of corporation tax systems in all OECD countries. I am advised by Revenue that, under existing legislation, a company can make a claim to carry back trading losses incurred in an accounting period against profits of its immediately preceding accounting period. The trading...

Written Answers — Department of Finance: Mortgage Schemes (9 Jun 2020)

Paschal Donohoe: As the Deputy will be aware, regulated entities in Ireland initially introduced a three-month payment moratorium on mortgages, and personal and business loans for customers affected by COVID-19 in March 2020. Since then regulated entities have also announced that they will make available a further three-month extension to the payment moratoria to customers that continue to be directly...

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

Paschal Donohoe: I am aware that there have been many concerns expressed about how the insurance industry is responding to the needs of its business policyholders in these difficult times, particularly in terms of honouring business interruption claims. I have considerable sympathy for such policyholders, however the Deputy should note that I have no legal authority to compel an insurer to pay a claim as...

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

Paschal Donohoe: I assume the Deputy is referring to the 80% Windfall Tax which applied to certain disposals of land from 30 October 2009 to 31 December 2014. As the Deputy is probably aware, the National Asset Management Agency Act 2009 amended the Taxes Consolidation Act 1997 by providing for an 80% windfall tax on profits or gains arising from disposals of development land, to the extent that those...

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

Paschal Donohoe: In relation to the Deputy’s proposal to allow people access a portion of their pension fund before retirement, the long established policy of providing tax relief for pension contributions is to encourage saving by employers, employees and the self-employed towards their retirement income. A repayment of contributions is only permitted in highly limited circumstances, for example due...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (9 Jun 2020)

Paschal Donohoe: The authorities responsible for the administration of the large number of pension schemes operating in the various sectors of the Irish public service are, in general, the relevant employers and Ministers in those sectors. It would be a matter for those sectoral authorities, including relevant Ministers, to supply such information as may be available in respect of the wider public service. I...

Written Answers — Department of Public Expenditure and Reform: Departmental Reviews (9 Jun 2020)

Paschal Donohoe: As the Deputy observes, this matter is currently under review. An exact date for finalisation of the review is not available at present but I expect it to be completed shortly. When that review is completed, I will be in a position to inform Deputies of the outcome.

Written Answers — Department of Public Expenditure and Reform: Office of Government Procurement (9 Jun 2020)

Paschal Donohoe: The Office of Government Procurement (OGP) is responsible for receiving applications for inclusion on the civil and public service Cycle-to-Work Scheme supplier listing. Applications are received from individual supplier outlets. There are currently 606 supplier outlets included on the listing. The OGP has no role in monitoring compliance with the scheme. No supplier outlets have been removed...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff (9 Jun 2020)

Paschal Donohoe: COVID-19 has resulted in a large proportion of civil and public servants working from home. Officials in my Department are currently preparing guidelines for both employers and employees which will aid them in this new way of working. The officials will also be looking at the longer term remote working project as part of Future Jobs Ireland, which will include working from home and from hubs...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 40, 52 and 88 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 of the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 41, 44, 53, 61 and 70 together. The Temporary Wage Support Scheme (TWSS) is provided for in section 28 of the recently enacted Emergency Measures in the Public Interest (Covid-19) Act 2020. Deputies will be aware that the TWSS is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy and in particular to support employment...

Written Answers — Department of Finance: Wage Subsidy Scheme (3 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 42, 75 and 96 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: Wage Subsidy Scheme (3 Jun 2020)

Paschal Donohoe: 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 businesses have been seriously...