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Written Answers — Department of Finance: Economic Policy (30 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 22 and 41 together. 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 unless they fall within Annex III of the Directive, in respect of which Member States may apply...

Written Answers — Department of Finance: Insurance Coverage (30 Jun 2020)

Paschal Donohoe: At the outset it should be noted 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 EU framework for insurance (the Solvency II Directive) which expressly prohibits...

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

Paschal Donohoe: The Department of Health/HSE administer a Mobility Allowance and Motorised Transport Grant to assist persons with disabilities. Information in relation to these supports can be found in the following link, as well as a broader range of transport supports for persons with disabilities:  In addition to these supports, the Disabled Drivers and Disabled Passengers Scheme provides for relief...

Written Answers — Department of Finance: Living City Initiative (30 Jun 2020)

Paschal Donohoe: The Living City Initiative (LCI) (provided for in Finance Act 2013 and commenced on 5 May 2015) is a tax incentive aimed at the regeneration of the historic inner cities of Dublin, Cork, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure incurred in refurbishing/converting qualifying buildings which are located...

Written Answers — Department of Finance: Wage Subsidy Scheme (30 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 26, 43, 48, 51, 57 and 69 together. 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 quickly,...

Written Answers — Department of Finance: International Bodies (30 Jun 2020)

Paschal Donohoe: As the Minister for Finance is Ireland’s Governor to the IMF, I propose to respond to the Deputy’s question as far as it relates to the Fund. I presume that the Deputy is referring to the 2012 set of UN Guiding Principles on Foreign Debt and Human Rights, endorsed by resolution (A/HRC/RES/20/10) obliging governments (lenders and borrowers) to ensure the primacy of human rights...

Written Answers — Department of Finance: International Bodies (30 Jun 2020)

Paschal Donohoe: As the Minister for Finance is Ireland’s Governor to the IMF, I propose to respond to the Deputy’s question. I presume that the Recommendations that Deputy Shortall is referring to are those contained in the “Unhealthy conditions: IMF loan conditionality and its impact on health financing” report published by Eurodad (the European Network on Debt and Development),...

Written Answers — Department of Finance: Tax Collection (30 Jun 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 Code (30 Jun 2020)

Paschal Donohoe: I am advised by Revenue that section 189 of the Taxes Consolidation Act 1997 exempts permanently incapacitated individuals from income tax, pay related social insurance (PRSI), universal social charge and capital gains tax on the income arising and gains accruing from the investment of certain compensation payments.  This may be the tax exemption to which the Deputy refers.  This...

Written Answers — Department of Finance: Wage Subsidy Scheme (30 Jun 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. Of necessity, the underlying legislation and the scheme itself were developed quickly, having regard to the objective of getting financial assistance to employers and employees, where businesses have been seriously affected by the pandemic and...

Written Answers — Department of Finance: Tax Code (30 Jun 2020)

Paschal Donohoe: The question relates to an individual who is in receipt of a car provided by his employer, which has not been in use in recent months due to the current COVID-19 related restrictions. I am advised by Revenue that, for the period of the current COVID-19 related restrictions, it has agreed concessional treatment in relation to the operation of benefit-in-kind (BIK) tax charge on...

Written Answers — Department of Finance: Value Added Tax (30 Jun 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 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 bodies governed by public law, disaster...

Written Answers — Department of Finance: Covid-19 Pandemic Unemployment Payment (30 Jun 2020)

Paschal Donohoe: Payments under the Temporary Wage Subsidy Scheme (TWSS) are subject to income tax as are Pandemic Unemployment Payments. The Payments under TWSS are also subject to USC while Pandemic Unemployment Payments follows the general taxation rule for social welfare payments and are exempt from that charge.  Amounts paid under both schemes are exempt from PRSI charges in the case of employees....

Written Answers — Department of Finance: Wage Subsidy Scheme (30 Jun 2020)

Paschal Donohoe: 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 underlying legislation and the scheme itself were developed quickly, having regard to the objective of getting financial assistance to employers and employees, where businesses have been seriously affected by the...

Written Answers — Department of Finance: Tax Credits (30 Jun 2020)

Paschal Donohoe: I am advised by Revenue that the matter to which the Deputy is referring has been resolved. Revenue has updated the person’s tax record to reflect her current employment and has issued a revised Revenue Payroll Notification (RPN) to her employer. Once the RPN is activated by the employer the person will be automatically refunded any tax and USC overpayments in her next salary payment....

Written Answers — Department of Finance: Garda Stations (30 Jun 2020)

Paschal Donohoe: I propose to take Questions Nos. 37 to 39, inclusive, together. I must advise the Deputy that matters pertaining to Garda policy are in the first instance for my colleague, the Minister for Justice.  As such, my Department has no basis on which to provide a detailed response on this matter.  However, the Office of Public Works (OPW), under the remit of the...

Written Answers — Department of Finance: Commissions of Investigation (30 Jun 2020)

Paschal Donohoe: A breakdown by year of the costs incurred by the Department of Finance on the IBRC Commission of Investigation is set out in the table below. Year  Total 2015 €223,724.55 2016 €27,180.63 2017 €74,303.49 2018 €31,383.64 2019 ...

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

Paschal Donohoe: It is assumed that the Deputy is referring specifically to the position of those home buyers who require a mortgage to purchase the home.  The Central Bank has advised that, in relation to consumers who have or wish to obtain a mortgage and indeed in respect of financial services more generally, it expects all regulated firms to take a consumer-focused approach and to...

Written Answers — Department of Finance: Tax Compliance (30 Jun 2020)

Paschal Donohoe: I previously dealt with this issue in my reply to Parliamentary Question Dail Question No. 78 (Ref: 10965-20) answered on the 16th June 2020. Revenue has reconfirmed to me that no interest has been charged in respect of the period that the cheque payment in question remained uncashed. However, an interest charge remained in respect of the late payment of the liability and it is in this...

Written Answers — Department of Finance: Insurance Coverage (30 Jun 2020)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I cannot direct insurers as to the particulars of settlement offers they should either make or accept in settling claims, including for hire purchase insurance claims, as that is a decision for them considering the merits and specifics of each individual case. However, in order to understand the nature of such Hire...

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