Results 12,201-12,220 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Expenditure (16 Jun 2020)

Paschal Donohoe: I wish to advise the Deputy that the Department of Public Expenditure and Reform has not incurred any costs associated with social media monitoring in the years specified.

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

Paschal Donohoe: I propose to take Questions Nos. 39, 43 and 61 together. Such statistical information as is collated on the Temporary Wage Supplement Scheme (TWSS) (including information by sector) is provided by the Revenue Commissioners on a weekly basis and set out at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Tax Reliefs (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 40 and 56 together. Consanguinity relief is the relief that applies in relation to transfers of farmland between certain blood relatives whereby the applicable rate of stamp duty is reduced from 7.5% to 1%. The details and conditions of the relief are set out in Schedule 1(5) of the Stamp Duties Consolidation Act 1999. The relief is due to expire on 31...

Written Answers — Department of Finance: Tax Reliefs (9 Jun 2020)

Paschal Donohoe: Farm Consolidation Stamp Duty relief is a measure which allow a farmer to claim relief from stamp duty where he or she sells land and purchases land, in order to consolidate his or her holding. The relief, as set out in section 81C of the Stamp Duties Consolidation Act 1999, is due to expire at the end of this year. There are a number of conditions that must be satisfied for the relief...

Written Answers — Department of Finance: Cycle to Work Scheme (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 42 and 62 together. I am advised by Revenue that section 118(5G) of the Taxes Consolidation Act 1997 provides for the cycle to work scheme. This scheme provides an exemption from benefit-in-kind where an employer purchases a bicycle and associated safety equipment up to a maximum of €1,000 for an employee to use, in whole or in part, to travel to work....

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Jun 2020)

Paschal Donohoe: The Temporary Wage Supplement Scheme (TWSS) is an emergency measure to deal with the impact of the Covid-19 pandemic on the economy. The TWSS is intended to maximise staff retention and firm viability by maintaining the link between the employer and employee insofar as is possible through this period. The statutory requirements for access to the scheme include that: - the business is...

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

Paschal Donohoe: As the Deputy will be aware, the European Commission has, on 27 May, published revised proposals for the next Multiannual Financial Framework (MFF) to run from 2021-2027 to be supplemented by a proposed temporary European recovery instrument called “Next Generation EU”. The total amount being proposed for the period 2021-2027 is €1.85 trillion in commitments (2018 prices)...

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

Paschal Donohoe: As the Deputy will be aware, the European Commission has, on 27 May, published revised proposals for the next Multiannual Financial Framework (MFF) to run from 2021-2027 to be supplemented by a proposed temporary European recovery instrument “Next Generation EU”. The total amount being proposed for the period 2021-2027 is €1.85 trillion in commitments (2018...

Written Answers — Department of Finance: Tax Code (9 Jun 2020)

Paschal Donohoe: The Deputy is aware that OECD is currently undertaking a significant project to address the tax challenges of the digital economy, sometimes referred to as BEPS 2.0. A series of proposals have been developed under two Pillars – Pillar One and Pillar Two. The work under ‘Pillar One’ focuses on the distribution of taxing rights in respect of highly digitalised...

Written Answers — Department of Finance: Value Added Tax (9 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 48 and 77 together. I outlined previously in my answer to Parliamentary Question Nos. 104, 105 and 112 of 20 May 2020 the VAT rate changes implemented by Revenue following the European Commission Decision C (2020)2146, adopted on 3 April 2020. These changes fully implemented the scope for zero rating imports of COVID-19 related goods permitted by the...

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

Paschal Donohoe: I propose to take Questions Nos. 49, 63 and 73 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 (The Act). The underlying legislation and the TWSS itself were developed having regard to the Government objective of providing assistance to employers and employees, where...

Written Answers — Department of Finance: Fuel Rebate Scheme (9 Jun 2020)

Paschal Donohoe: If the Deputy is referring to the Diesel Rebate Scheme for hauliers and bus operators, this scheme has been continuously in operation since 1 July 2013 and therefore the question of its restoration does not arise.

Written Answers — Department of Finance: Value Added Tax (9 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, 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, currently 23% in Ireland, unless they fall within categories of goods and services specified in the Directive, in respect of which Member States may apply a...

Written Answers — Department of Finance: Tax Yield (9 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the 2019 receipts from Traditional Betting (in store), Remote Betting (online) and Betting Intermediary Duty on Commissions are shown in the following table. Traditional Betting Remote Betting Betting Intermediary Commissions Total €m €m €m ...

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

Paschal Donohoe: I am advised by Revenue that payments made to employees under the Temporary Wage Subsidy Scheme (TWSS) are liable to Income Tax and the Universal Social Charge (USC). However, in keeping with the Government’s objective of getting much needed assistance to employees during the period of the crisis, the subsidy payments are not taxable in real-time through the PAYE system. Instead,...

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

Paschal Donohoe: I propose to take Questions Nos. 54, 59, 67 and 78 together. The Temporary Wage Subsidy Scheme (TWSS) is one of a number of significant measures that have been introduced since the beginning of March to attempt to minimise the negative impact on the labour market through an exceptional period, where at least one million workers are now relying on some form of State support. The aim...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (9 Jun 2020)

Paschal Donohoe: I refer the Deputy to the reply given by the Minister for Children and Youth Affairs in relation to childcare for heath care workers on the 27 May last. The Temporary Wage Supplement Scheme was developed with the objective of getting much needed financial assistance to employers and employees as well as supporting the maintenance of the link between employers and their employees. The...

Written Answers — Department of Finance: Tax Data (9 Jun 2020)

Paschal Donohoe: I am informed by Revenue that the cost of Income Tax relief granted on superannuation contributions can be found in the ‘Cost of Tax Expenditures’publication, which is available on the Revenue website at link; www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx. The relevant information is available under the heading...

Written Answers — Department of Finance: Mortgage Lending (9 Jun 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 credit...

Written Answers — Department of Finance: Cycle to Work Scheme (9 Jun 2020)

Paschal Donohoe: The Cycle To Work scheme came into operation on 1 January 2009. The scheme operates on a self-administration basis and relief is automatically available provided the employer is satisfied that the conditions of their particular scheme meet the requirements of the legislation. There is no notification procedure for employers involved. This approach was taken with the deliberate intention of...