Results 12,001-12,020 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector Staff (7 Jul 2020)

Paschal Donohoe: The Deputy will be aware that as Minister for Finance, I am precluded from intervening in how AIB manages its day-to-day business and staffing issues. Decisions in this regard are solely the responsibility of the board and management of the bank which must be run on an independent and commercial basis. The independence of the banks in which the State has a shareholding is protected by...

Written Answers — Department of Finance: Mortgage Lending (7 Jul 2020)

Paschal Donohoe: I fully appreciate the concerns many people are experiencing about mortgage applications and drawdowns at this difficult time, and my Department is maintaining close contact with the Central Bank and Banking and Payments Federation Ireland (BPFI) as the lending industry works to address the difficulties the Covid-19 situation is causing for both borrowers and lenders. In this context, the...

Written Answers — Department of Finance: Commencement of Legislation (7 Jul 2020)

Paschal Donohoe: In line with the commitment that I had previously given that the commencement of the Consumer Insurance Contracts Act would be determined by the Minister for Finance of the new Government, I can confirm that the matter is under active consideration. I envisage that the bulk of the provisions of the Consumer Insurance Contracts Act will be commenced shortly. I am also keen to determine...

Written Answers — Department of Finance: Central Bank of Ireland (7 Jul 2020)

Paschal Donohoe: I am informed by the Central Bank that it cannot comment on its engagement with individual firms. Two companies of the group in question have notified the Central Bank of their intention to passport services into Ireland under authorisations obtained in the UK and Germany. The group does not hold an authorisation from the Central Bank of Ireland.

Written Answers — Department of Finance: Value Added Tax (7 Jul 2020)

Paschal Donohoe: The European Commission Decision C(2020)2146, adopted on 3 April 2020, provides for the importation of goods to fight the effects of COVID -19 (including personal protective equipment) from outside the European Union without the payment of VAT or Customs Duty from January 2020. Such relief is permitted where the goods are imported by or on behalf of State bodies, public bodies and other...

Written Answers — Department of Finance: Value Added Tax (7 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 180, 193 and 194 together. 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...

Written Answers — Department of Finance: Tax Code (7 Jul 2020)

Paschal Donohoe: I am advised by the Revenue Commissioners that, in general, where a person surrenders their property to a financial institution and where a person such as a receiver appointed by a financial institution disposes of a property on behalf of that financial institution, the debtor i.e. the property owner, is the person disposing of the property but the person acting on behalf of the financial...

Written Answers — Department of Finance: Mortgage Lending (7 Jul 2020)

Paschal Donohoe: As the Deputy will be aware, the Temporary Wage Subsidy Scheme is one of the main tools with which we are protecting the income of employees who otherwise would not be working. However, whilst I acknowledge the seriousness of the issue you have raised and its impact on those affected, what I cannot do is mandate how temporary payments received under the Temporary Wage Subsidy Scheme are...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Jul 2020)

Paschal Donohoe: I would like to advise the Deputy that Revenue publish comprehensive statistics on the Temporary Wage Subsidy Scheme (TWSS) at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/number-of-taxpayers-and-returns/covid-19-wage-subsidy-s cheme-statistics.aspx. I would draw the Deputy's attention to Table 11 of the 25 June report which breaks down the employees...

Written Answers — Department of Finance: Brexit Issues (7 Jul 2020)

Paschal Donohoe: A failure to achieve a trade agreement between the United Kingdom and the European Union at the end of this year could have severe implications for the economy and the public finances, particularly when combined with the shock of the Covid-19 pandemic. The Deputy will recall that Budget 2020 was framed on the prudent assumption of a disorderly Brexit in January 2020. While the economic...

Written Answers — Department of Finance: Ministerial Responsibilities (7 Jul 2020)

Paschal Donohoe: I wish to advise the Deputy that a briefing document prepared by the Department of Finance was provided to me on my appointment as Minister for Finance. Arrangements are in train for publication of this document having regard to the relevant provisions of the Freedom of Information Act 2014.

Written Answers — Department of Finance: Property Tax (7 Jul 2020)

Paschal Donohoe: I am aware that Revenue has already deferred collection of 2020 Local Property Tax (LPT) liabilities that were scheduled for payment on 21 March 2020 via the electronic Annual Debit Instruction (ADI) option on two occasions. The initial revised date for collection was 21 May 2020 which Revenue subsequently further extended to 21 July 2020 in response to the unfolding COVID-19 crisis. Revenue...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Jul 2020)

Paschal Donohoe: In response to the Covid 19 Public Health emergency, the Government developed a suite of measures designed to support households and businesses that have been negatively impacted by the pandemic and the restrictions that were put in place as a result. These measures include temporary income support for individuals by way of the Pandemic Unemployment Payment (PUP) and the Temporary Wage...

Written Answers — Department of Finance: Fiscal Policy (7 Jul 2020)

Paschal Donohoe: As is widely recognised, GDP figures for Ireland can be misleading due to statistical distortions and are therefore of limited use for comparative purposes. Instead, modified Gross National Income, or ‘GNI*’, an alternative metric published by the CSO, provides a more suitable measure of the underlying size of the Irish economy and as a result is a more appropriate indicator for...

Written Answers — Department of Finance: Fiscal Policy (7 Jul 2020)

Paschal Donohoe: The Stability Programme Update, published in April, estimated a general government deficit of €23 - €30 billion in 2020. As I have said previously, it is entirely appropriate that Government runs a deficit and increases borrowing to support the economy in these unprecedented circumstances. However, borrowing at this scale cannot go on indefinitely and once circumstances allow,...

Written Answers — Department of Finance: Wage Subsidy Scheme (7 Jul 2020)

Paschal Donohoe: The Temporary Wage Subsidy Scheme (TWSS) is provided for in section 28 of the Emergency Measures in the Public Interest (Covid-19) Act 2020. The TWSS is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. Of necessity, the underlying legislation and the scheme itself were developed rapidly, having regard to the Government objective of providing financial...

Written Answers — Department of Finance: Programme for Government (7 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 196 and 213 together. In September 2018 my Department published Ireland's Corporation Tax Roadmap. This Roadmap set out the progress made at that time, and the direction in which we would go, towards ensuring that Ireland's corporation tax regime remained appropriate in order to support economic growth and prosperity. Significant actions have been taken on...

Written Answers — Department of Finance: Programme for Government (7 Jul 2020)

Paschal Donohoe: I propose to take Questions Nos. 197 and 202 together. The Programme for Government “Our Shared Future” contains a number of commitments in the area of budgetary policy and taxation including a commitment to use both taxation measures, as well as expenditure measures, to close the deficit and fund public services if required. In doing so, the Government will seek to focus...

Written Answers — Department of Finance: Programme for Government (7 Jul 2020)

Paschal Donohoe: The Programme for Government “Our Shared Future” contains a number of commitments in the area of budgetary policy and taxation including a commitment to the establishment of a Commission on Welfare and Taxation. The stated purpose of the Commission will be to consider how best the tax system can support economic activity and promote increased employment and prosperity while...

Written Answers — Department of Finance: Property Tax (7 Jul 2020)

Paschal Donohoe: The Programme for Government "Our Shared Future" adopted by the Government on 27 June 2020 includes a commitment to bring forward legislation in relation to the Local Property Tax (LPT) on the basis of fairness and that most homeowners will face no increase in their LPT liability. In addition there is a commitment to bring new homes, which are currently exempt from the LPT, into the taxation...