Results 11,821-11,840 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fossil Fuels (23 Jul 2020)

Paschal Donohoe: The Fossil Fuel Divestment Act 2018 provides for the divestment by the Ireland Strategic Investment Fund (ISIF) from fossil fuel undertakings (effectively, companies that derive more than 20% of their revenues from the exploration, extraction and/or refinement of fossil fuels) within a practicable timeframe. The ISIF has developed a list of 211 fossil fuel companies in which it will not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (22 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 94, 100 and 101 together. The Temporary Wage Subsidy Scheme (TWSS) was introduced in March and was specifically designed to support firm viability and preserve the relationship between the employer and employee insofar as is possible through the lockdown period, in circumstances where the employer’s business had been negatively impacted by COVID-19....

Written Answers — Department of Finance: Civil Service (22 Jul 2020)

Paschal Donohoe: I am advised by Revenue that the person concerned is employed as a Clerical Officer with Revenue in Dundalk, in full-time capacity, Monday to Friday. The retained firefighter role requires availability on call, six days out of eight and is not therefore compatible with a fulltime post in Revenue.

Written Answers — Department of Finance: Insurance Coverage (22 Jul 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 including publicans in these difficult times. I have considerable sympathy for such policyholders. However, it is important to emphasise that neither I, nor the Central Bank can direct or require that insurers cover claims, including those...

Written Answers — Department of Finance: Tax Collection (22 Jul 2020)

Paschal Donohoe: The standard rate of Capital Acquisitions Tax is 33%. There are three tax-free thresholds depending on the relationship between the disponer and the beneficiary, with CAT applying on the amount inherited or gifted over the thresholds, as follows: Group Athreshold (€335,000) - Applies where the beneficiary is a child (including certain foster children) or minor child of a deceased child...

Written Answers — Department of Finance: Tax Data (22 Jul 2020)

Paschal Donohoe: I am advised by Revenue that a breakdown of the Excise Duty in respect of alcohol sales from pubs is not available. Excise returns are filed with Revenue on release of the product from tax warehouses or on importation of the product, they do not record where or when the product is consumed. A monthly and quarterly breakdown of Excise Duty for 2019, for each of Beer, Spirits, Wine and Cider,...

Written Answers — Department of Finance: Fiscal Policy (22 Jul 2020)

Paschal Donohoe: My views regarding the establishment of any Fund are based on whether it would create any additional value to the State. As described by the Deputy, I believe that the proposed National Wealth Fund would in essence duplicate the role currently fulfilled on behalf of the State by State Savings products and the Ireland Strategic Investment Fund (ISIF). State Savings products, which are managed...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jul 2020)

Paschal Donohoe: I am advised that Revenue publishes a monthly update on the Help to Buy (HTB) scheme on the Revenue website. The most recent update to 30 June 2020 in respect of applications, both approved and pending, and claims made can be found at: Revenue’s statistics in respect of the current year show the total number of applications received at 42,072. Applications will progress to the claim...

Written Answers — Department of Finance: Tax Code (21 Jul 2020)

Paschal Donohoe: 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 TWSS and the PUP are subject to income tax. Payments under the...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jul 2020)

Paschal Donohoe: S.477C of the Taxes Consolidation Act sets out the requirements of the Help to Buy incentive. It providesthat a qualifying first time buyer must take out a loan in an amount equal to at least 70% of either the purchase price of the property in the case of a purchased house or the value of the property in the case of a self-build house. The valuation of a self-build is as approved by the...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 185, 186, 188, 194, 195, 203 and 211 together. The Temporary Wage Subsidy Scheme (TWSS) was introduced in March and was specifically designed to support firm viability and preserve the relationship between the employer and employee insofar as is possible through the lockdown period, in circumstances where the employer’s business had been negatively...

Written Answers — Department of Finance: Licence Applications (21 Jul 2020)

Paschal Donohoe: The Intoxicating Liquor (Breweries and Distilleries) Act 2018 introduced two new classes of Excise Licences to the licensing code, namely a Producer’s Retail On Licenceand a Producer’s Retail Off Licence. Both licences were introduced to allow manufacturers sell the alcohol products manufactured on their premises to visitors. The difference between the licence types is that the...

Written Answers — Department of Finance: Value Added Tax (21 Jul 2020)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive, 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 unless they fall within Annex III of the Directive, in respect of which Member States may apply either one or two reduced rates of VAT. The “use of...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is available to employees, whether full-time or part-time, who were on their employer payroll at 29 February 2020. This requirement is set down in Section 28 of the Emergency Measures in the Public Interest (COVID-19) Act 2020. I am advised by Revenue that the person in question has been employed by two separate employers during 2020 (to date). She...

Written Answers — Department of Finance: Ministerial Advisers (21 Jul 2020)

Paschal Donohoe: 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 Guidelines for the 33rd Dáil are currently awaiting Government approval. It should be noted that the appointment of individual Special Advisers is a matter for each Government Minister subject to the terms...

Written Answers — Department of Finance: Economic Data (21 Jul 2020)

Paschal Donohoe: At present, the Central Statistics Office (CSO) publish investment by asset class (including, machinery and equipment, building and construction, etc.) and not by economic sectors. In line with this, my Department also produces investment projections by asset class rather than by sector. Nonetheless, the nominal value for total gross fixed capital formation (GFCF) or total investment in 2019...

Written Answers — Department of Finance: Tax Data (21 Jul 2020)

Paschal Donohoe: I am advised by Revenue that based on 2019 sales levels and the average Nitrogen Oxide (NOx) rate charged per vehicle in the first six months of 2020, the proposed increase could raise an additional €55m in a full trading year. The bulk of this additional amount (€34m) would arise from imports of second-hand diesel vehicles. This estimate assumes no consumer behavioural change...

Written Answers — Department of Finance: Insurance Costs (21 Jul 2020)

Paschal Donohoe: At the outset, it is important to note that I am very much aware of the problems faced by many businesses and consumers in relation to the cost and availability of insurance. The Government will continue to prioritise reform of the insurance sector with particular emphasis on motor, public liability, and employer liability insurance. This is recognised in the Programme for...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Jul 2020)

Paschal Donohoe: While I, as Minister for Finance, have no function in respect of tracking landlord dealings with enterprises, the Banking Division of my Department does monitor bank lending with a particular focus on SME access to credit and related issues. The Strategic Banking Corporation of Ireland (SBCI), a body under the aegis of my Department, is closely involved in the design and implementation of...

Written Answers — Department of Finance: Departmental Contracts (21 Jul 2020)

Paschal Donohoe: The Department of Finance did not hold any contracts with Aramark or its subsidiaries during the period 1 January 2016 to 14 July 2020. There are 17 bodies under the aegis of my Department. Of these bodies, 11 have not awarded any contracts to Aramark Ireland or its subsidiaries for the period in question. These bodies are the Office of the Comptroller and Auditor General, the Credit Review...