Results 11,601-11,620 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (15 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 272 and 275 together. 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 proposals are not available. For the Deputy's information, a revised method for calculating vehicle BIK, based on the CO2 emissions of the vehicle, was enacted...

Written Answers — Department of Finance: Tax Data (15 Sep 2020)

Paschal Donohoe: I am advised by Revenue that the estimated savings to the Exchequer from ending the current Vehicle Registration Tax (VRT) relief on conventional hybrid electric and plug-in hybrid electric vehicles in 2021 is estimated to be in the region of €13 million. This estimate is based on activity to date in 2020 and as such is subject to a higher degree of uncertainty than most years, with...

Written Answers — Department of Finance: Tax Data (15 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 274 and 276 together. The emissions basis for calculating VRT will transition to WLTP in 2021 and this will require changes to VRT legislation. 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: Tax Yield (15 Sep 2020)

Paschal Donohoe: I propose to take Questions Nos. 277 to 279, inclusive, together. The Domicile Levy is applicable to Irish domiciled individuals whose worldwide income exceeds €1m, whose Irish property is greater in value than €5m and whose income tax liability in a year is less than €200,000. I am advised by Revenue that there is no basis from the data available in tax returns to...

Written Answers — Department of Finance: Aer Lingus (15 Sep 2020)

Paschal Donohoe: The specific issue that the Deputy refers to is not under consideration by Government. Matters related to aviation policy, including the issue raised by the Deputy, are a matter for consideration by the Minister for Transport in the first instance.

Written Answers — Department of Finance: Financial Services Sector (15 Sep 2020)

Paschal Donohoe: As the deputy may be aware the Central Bank disclose the total cost of Financial Regulation (Net Annual Funding Requirement or nAFR) in the Central Bank Annual Report each year. The most recent report covers the 2019 cost of Financial Regulation and revealed a total cost of €204.5m (see link below). The cost of €204.5m is part funded by income from industry of €165.8m...

Written Answers — Department of Finance: Tax Reliefs (15 Sep 2020)

Paschal Donohoe: E-Workers may incur certain expenditure in the performance of their duties from home, such as additional heating and electricity costs. An employer may make payments of up to €3.20 per day to e-working employees in respect of such expenses and this amount is not subject to deduction of PAYE, PRSI or USC. Where employers avail of this facility, they are not required to advise Revenue...

Written Answers — Department of Finance: Legislative Programme (15 Sep 2020)

Paschal Donohoe: The publication and enactment of the Investment Limited Partnership (Amendment) Bill is an important step to maintain Ireland’s place as a leading funds domicile in Europe. The commitment to progress the revision of the Investment Limited Partnership structure was recognised in the Programme for Government – Our Shared Future. It is also a strategic priority set out in...

Written Answers — Department of Finance: Mortgage Schemes (15 Sep 2020)

Paschal Donohoe: The Central Bank of Ireland, which owns and manages the Central Credit Register, has indicated that there is no operational issue which prevents lenders putting in place Covid-19 payment breaks to assist their customers. Indeed, it has made it clear to all lenders (including banks, local authorities and other credit information providers) that either a full or partial payment break agreed...

Written Answers — Department of Finance: Motor Insurance (15 Sep 2020)

Paschal Donohoe: At the outset, I am conscious of various issues which have arisen in relation to the insurance industry over the past number of years. Specifically, the pricing and availability of non-life insurance has been subject to considerable volatility. Accordingly, reform of this sector has been, and remains a key priority of Government as is recognised in a considerable number of Programme for...

Written Answers — Department of Finance: Energy Efficiency (15 Sep 2020)

Paschal Donohoe: The Home Renovation Incentive (HRI) was introduced by Section 477B of the Taxes Consolidation Act 1997 in 2014 and was terminated in accordance with its statutory sunset clause on 31 December 2018. With only four weeks to go, it would be inappropriate for me to comment on what may or may not be contained in the annual Budget. However, it is the case that the re-introduction of such...

Written Answers — Department of Finance: Departmental Projects (15 Sep 2020)

Paschal Donohoe: I wish to inform the Deputy that my Department did not have oversight of any Exchequer funded project over €1 billion. I wish to note that my response refers only to the Department of Finance and the bodies under its aegis.

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Sep 2020)

Paschal Donohoe: The Stay and Spend scheme provides tax relief by means of a tax credit at the rate of 20% on qualifying expenditure of up to €625 per person, or €1,250 for a jointly assessed couple, in respect of 2020 and 2021. The tax credit is worth a maximum of €125, or €250 for a jointly assessed couple. The scheme is a tax-based measure administered by Revenue and is one...

Written Answers — Department of Finance: Fuel Inspections (10 Sep 2020)

Paschal Donohoe: I am advised by Revenue that a multifaceted approach is taken to tackling the misuse of fuel and their compliance activities in this area ranges from roadside sampling of private and commercial vehicles at checkpoints, as well as a specific programme based on enhanced supply chain reporting for suppliers and retailers. In addition, Revenue and the UK Revenue and Customs undertook a joint...

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

Paschal Donohoe: Revenue has published detailed statistics related to the Temporary Wage Subsidy Scheme (TWSS) on a weekly basis throughout the duration of the scheme to provide as timely and transparent data on the utilisation and impact of the TWSS as possible. These statistics, which include information on the cost, numbers of employees and employers availing of the scheme, are published at . As set in the...

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

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide enterprise support that gives a flat rate subsidy to qualifying employers. It is a stand-alone measure to preserve the link between employee and employer and support firm viability through an unprecedented enterprise environment and it is based on clear, objective criteria that may be determined by the Revenue Commissioners. ...

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

Paschal Donohoe: The SURE instrument is intended primarily to support Member States with efforts to protect workers and jobs, and also support some health-related measures. It is temporary in nature, with the duration and scope limited to tackling the consequences of the coronavirus pandemic. It was adopted at ECOFIN, and published in the Official Journal of the European Union on 19 May 2020. Briefly,...

Written Answers — Department of Finance: Ministerial Meetings (9 Sep 2020)

Paschal Donohoe: The Tánaiste and Minister for Enterprise, Trade and Employment, Mr Leo Varadkar TD, along with the Minister for Public Expenditure and Reform, Mr Michael McGrath TD and I met with the CEOs of AIB and Bank of Ireland on the 15th of July 2020 and with the CEO of Ulster Bank on the 16th of July 2020.

Written Answers — Department of Finance: Help-To-Buy Scheme (9 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. The legislation governing the HTB scheme is set out in section...

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

Paschal Donohoe: The Employment Wages Subsidy Scheme (EWSS) was legislated for under the recently enacted Financial Provisions (Covid-19) (No. 2) Act 2020. The EWSS provides a flat-rate subsidy to qualifying employers, based on the number of qualifying employeeson the payroll. For every qualifying employee paid between €203 and €1,462 gross per week, the level of subsidy is €203. For...