Results 11,781-11,800 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Costs (30 Jul 2020)

Paschal Donohoe: Let me say at the outset that I am very much aware of the problems faced by many businesses in relation to the availability and affordability of public liability insurance.  However, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, and neither can we compel any insurer operating in the Irish market to provide cover to community groups or...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 327 and 328 together. The tables referred to by the Deputy in question 328, which is regularly used in Tax Strategy Group paper on Income Tax (most recently in 2019), is based on data that is presently set out on page 3 of the Revenue Ready Reckoner at the following link: .  Attention is drawn to the caveat at the beginning of this document that makes...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 329 and 330 together. I am advised by Revenue that qualifying expenditure in relation to the Stay and Spend tax credit will be submitted to Revenue using the RevApp. This information will then be used to prepopulate the individual’s tax return to facilitate a claim being made for this tax credit. All claims must be made within 4 years after the year...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 332, 333 and 350 together. I do not propose to set a maximum duration for individual companies to avail of the proposed employment wage subsidy scheme (EWSS). However, I would point out to the Deputy that the proposed EWSS legislation contains a number of important safeguards and flexibilities in so far as the scheme’s operation and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: The legislation contained in the Financial Provisions (Covid-19)(No.2) Bill provides that certain elements, such as the turnover test threshold, may be revised in the event that there is an opportunity to make changes that minimise deadweight while also fulfilling the objective of supporting employment as well as enabling employers scale back up their business. The new Section 28B...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 335, 336, 337, 338, 340 and 341 together. Section 2 of the Financial Provisions (Covid-19) (No. 2) Bill 2020 makes provision for the introduction of the Employment Wage Subsidy Scheme (EWSS) which will ultimately replace the Temporary Wage Subsidy Scheme (TWSS). Both schemes will run in parallel from 31 July 2020 until the TWSS ceases at the end of August...

Written Answers — Department of Finance: Mortgage Lending (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 339 and 352 together. I fully appreciate the difficulties that people on the Temporary Wage Subsidy Scheme are experiencing in relation to mortgage applications and drawdowns. The Central Bank has made it clear to all regulated firms that they must take a consumer-focused approach and to act in their customer's best interests at all times, including during...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: In preparing the Stay and Spend Tax Credit measure, I received advice from officials in my Department and Revenue on a wide range of issues, including the number of persons that may be in a position to avail of the incentive fully or partially. The relief applies equally to all taxpayers regardless of whether they pay tax at the standard or marginal rates and the minimum level of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 343 and 344 together. The Stay and Spend Tax Credit is an incentive targeted at consumers. It does not envisage a regulatory role in relation to the employer/employee relationship within the eligible service provider in so far as terms, conditions, entitlements and rights of the employment are concerned. The regulation of such matters is provided for in...

Written Answers — Department of Finance: Tax Reliefs (30 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, the recently published Financial Provisions (Covid-19)(No. 2) Bill 2020 (the Bill) sets out the fiscal measures in the July Stimulus Plan and it follows from a range of COVID-19 financial assistance provided in recent months. These include income supports, new or repurposed debt funding arrangements, temporary waivers of commercial rates and...

Written Answers — Department of Finance: Tax Reliefs (30 Jul 2020)

Paschal Donohoe: The Financial Provisions (Covid-19) (No. 2) Bill 2020 contains a measure to provide for a new once-off income tax relief for self-employed individuals carrying on a trade or profession who were profitable in 2019 but, as a result of the Covid-19 pandemic, incur losses in 2020. A key objective of this measure is to provide a cash-flow boost to individuals carrying on a trade or profession as...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 347, 348 and 357 together. Payments made under both the Temporary Wage Subsidy Scheme (TWSS) and 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. In the interest of equity, payments under the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: I am advised by Revenue that the Temporary Wage Subsidy Scheme (TWSS) has provided financial support to over 65,000 employers in respect of almost 627,000 employees. The cost of the scheme to date is €2.17bn. Revenue has also confirmed that 2,056 employers have returned TWSS payments amounting to €27.3m since the commencement of the scheme. These numbers are up to and including...

Written Answers — Department of Finance: Departmental Data (30 Jul 2020)

Paschal Donohoe: The Databank website is updated on a monthly basis with both expenditure and taxation figures, along with the monthly Exchequer statement. I understand the Deputy to be referring specifically to the Budgetary Statistics section of the site. Since the 2017 publication, the annual Budgetary Statistics document has been published on the Department of Finance website, available at: Going forward,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (30 Jul 2020)

Paschal Donohoe: The legislation underpinning the Temporary Wage Subsidy Scheme (TWSS) is contained in Section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. Of necessity, the legislation and the scheme itself were developed very quickly to support the urgent Government objective of getting much needed assistance to employers and employees that have been seriously affected by the...

Written Answers — Department of Finance: Help-To-Buy Scheme (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 354 and 356 together. I am advised by Revenue that some 6,847 applications have been received for the Help to buy scheme (HTB) to date this year, for the period 1 January to 30 June 2020. In that same period, some 2,490 claims were approved. Bearing in mind that HTB is a demand led scheme which is subject to a broad range of variables, including housing...

Written Answers — Department of Finance: Departmental Staff (30 Jul 2020)

Paschal Donohoe: I wish to inform the Deputy that on the commencement of every Dáil, the Department of Public Expenditure and Reform issues guidelines setting out the arrangements for the staffing of Ministerial Offices. The appointment of Special Advisers is subject to section 11 of the Public Service Management Act 1997. The Guidelines for the 33rd Dáil, which incorporate the principles of section...

Written Answers — Department of Finance: Tax Data (30 Jul 2020)

Paschal Donohoe: I am advised by Revenue that an individual’s tax residence position continues to be determined in accordance with the provisions of section 819 Taxes Consolidation Act 1997. In that regard, an individual’s tax residence status is determined by reference to his or her presence in the State during a particular tax year. For example, an individual will be considered tax resident...

Written Answers — Department of Finance: Tax Data (30 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 359 and 360 together. I am advised by Revenue that Special Assignee Relief Programme (SARP) claimants in 2019 are due to file their tax returns by 31 October 2020 (mid November 2020, if filing and paying through ROS). The latest year for which data are currently published is 2017, which includes a breakdown of SARP claimants into salary bands for 2013-2017....

Written Answers — Department of Finance: Departmental Expenditure (30 Jul 2020)

Paschal Donohoe: My Department has made no payments for services or goods since 2015 to the company named by the Deputy.