Results 11,821-11,840 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Collection (20 May 2020)

Paschal Donohoe: I am advised by Revenue that Professional Services Withholding Tax (PSWT) is a deduction at source that is applied to certain payments made by bodies listed in legislation to professional service providers. Tax is deducted at the standard income tax rate, currently 20%. It should be noted that PSWT is not an additional tax.  It is instead a payment on account, which is set against the...

Written Answers — Department of Finance: Departmental Contracts (20 May 2020)

Paschal Donohoe: My department regularly publishes details of consultancy expenditure on its website, most recently for Q1 2020. The following table outlines the detail and costs of my department’s engagement of external consultants from 1 January 2020 to date. Supplier: The details of such engagements: Costs: Indecon International Economic Consultants ...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 61, 74, 77 and 108 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. Of necessity, the legislation and the scheme itself were developed very quickly to support the urgent Government objective of getting much needed assistance to...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. The scheme builds on data returned to Revenue through its real-time PAYE system. It must be accepted that the underlying legislation and the scheme itself simply cannot be tailored to meet every individual unique set of circumstances for either employers or...

Written Answers — Department of Finance: Ministerial Meetings (20 May 2020)

Paschal Donohoe: The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes - and it will pass – our people can get...

Written Answers — Department of Finance: Financial Services Sector (20 May 2020)

Paschal Donohoe: As part of the Targeted Longer-Term Refinancing Operation (TLTRO), banks can borrow from the Eurosystem at favourable terms to incentivise eligible lending to businesses and households. As of 30 April, the Governing Council of the ECB has set the entry rate on the TLTRO programme to be -0.5%. The interest rate then decreases on a scale depending on developments in a bank’s eligible...

Written Answers — Department of Finance: Proposed Legislation (20 May 2020)

Paschal Donohoe: In respect of the measures to which the Deputy refers and for which my Department is responsible, I am advised by Revenue that the effective “warehousing” of VAT and PAYE (Employer) liabilities is currently operational.  In March this year, Revenue announced that it was suspending debt collection and the charging of interest on late payment for the January/February and...

Written Answers — Department of Finance: Mortgage Applications Approvals (20 May 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...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: I am advised by Revenue that there is currently no delay in processing applications under the Drivers and Passengers with Disabilities Scheme or the associated Fuel Grant Scheme. The processing of applications for the latter scheme is administered by Revenue on behalf of the Department of Finance, which makes the relevant payments. Revenue has however confirmed that the changes introduced...

Written Answers — Department of Finance: Departmental Correspondence (20 May 2020)

Paschal Donohoe: The Government is fully aware of the unprecedented impact that the coronavirus is having on business and people’s livelihoods. In this regard a range of measures have been introduced to provide income support to those who need it while also giving confidence to employers to retain the link with employees so that when this crisis passes - and it will pass – our people can get...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: As the Deputy will be aware, the BPFI announced late last month that over 65,000 mortgage payment breaks had been granted since the cross-bank initiative was introduced. The members of the BPFI announced on 30 April, that a further three-month extension to the current payment break will be made available to customers that continue to be directly impacted by the fallout...

Written Answers — Department of Finance: Revenue Commissioners (20 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 71 and 114 together. The Temporary Wage Subsidy Scheme (TWSS) is operational from 26 March 2020 for payrolls submitted to Revenue with a pay date on or after that date.  For operational reasons, in order to claim the wage subsidy, employers must classify qualifying employees as PRSI Class J9 for the purposes of their payroll reporting...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 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: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is an emergency measure to deal with the impact of the COVID-19 pandemic on the economy. The underlying legislation and the scheme itself were developed within a very short timeframe to support the urgent Government objective of getting much needed assistance to employers and employees, where businesses have been seriously affected by the necessary...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 75 and 82 together. I am advised by Revenue that all cases which have applied for refunds under the Temporary Wage Subsidy Scheme (TWSS) and which were rejected on the basis of failing to meet the eligibility criteria are reviewed by Revenue. The TWSS builds on data returned to Revenue through its real-time PAYE system. It must be accepted that the underlying...

Written Answers — Department of Finance: Vehicle Registration (20 May 2020)

Paschal Donohoe: I am advised by Revenue that to register an imported used car, a person must bring the ‘foreign registration certificate’ or ‘certificate of de-registration’ (issued by the relevant registration authority in the other State) to the National Car Testing Service (NCTS) centre. In the context of the United Kingdom (UK), the required document is a...

Written Answers — Department of Finance: Insurance Coverage (20 May 2020)

Paschal Donohoe: I understand that the Deputy’s question is in relation to motor insurance. At the outset you should note that neither I, as Minister for Finance, nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses.  This position is reinforced by the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (20 May 2020)

Paschal Donohoe: The Government’s priority in commencing the Temporary Wage Subsidy Scheme (TWSS) is to ensure that all employers experiencing significant negative economic disruption from COVID-19 can receive support payments as quickly as possible. The purpose of the scheme is to ensure that the relationship between employers and employees is maintained to the greatest extent possible so that...

Written Answers — Department of Finance: Retail Sector (20 May 2020)

Paschal Donohoe: The Government greatly appreciates the additional efforts of essential workers, front line staff and all those working during this difficult time. They are making a vital contribution to the State-wide response to the COVID-19 crisis.  However, currently, available resources are being focused on new initiatives to support those who are no longer in employment or who will have reduced...

Written Answers — Department of Finance: Commencement of Legislation (20 May 2020)

Paschal Donohoe: The Consumer Insurance Contracts Act 2019 was signed into law by the President on 26 December 2019. The Act provides the Minister for Finance with powers to appoint a date for the Act to come into operation, or to appoint different days to commence different provisions of the Act. At the end of January, I took the decision that the matter of when to commence the Act should be taken by the...