Jackie Cahill (Tipperary, Fianna Fail)
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22. To ask the Minister for Enterprise, Trade and Employment the Covid-19 related supports taxi drivers can avail of to cover the high costs of insurance considering that their revenues were severely affected in 2020 as a result of the global pandemic and shutdown of the economy; and if he will make a statement on the matter. [44854/20]

Leo Varadkar (Dublin West, Fine Gael)
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As part of Budget 2021, my colleague the Minister for the Environment, Climate and Communications, and Transport, Eamon Ryan TD is introducing specific measures for taxi and hackney businesses. The Minister is providing funding to the National Transport Authority to enable it to waive annual vehicle licence renewal fees for 2021.

In addition, Minister Ryan is allocating €15 million to support up to 750 taxi and hackney drivers in scrapping older vehicles and replacing them with zero-emission capable electric alternatives. Up to €20,000 will be made available for eligible drivers switching to a new all-electric vehicle and up to €32,500 for those moving to a wheel chair accessible full electric vehicle.

Budget 2021 also provides a significant package of tax and expenditure measures to build the resilience of the economy and to help self-employed and vulnerable but viable businesses across all sectors. We are providing for an extension of the tax warehousing scheme to include repayments of Temporary Wage Subsidy Scheme funds owed by employers and preliminary tax obligations for the adversely affected self-employed.

To ensure that all self-employed taxpayers can benefit from the losses provision introduced in the July Stimulus, we are also providing that debt warehousing provisions be extended to include the 2019 balance and 2020 preliminary tax to allow such taxpayers to defer payment for a period of a year with no interest applying.

The Minister for Finance is also delivering on the Programme for Government commitment to equalise the Earned Income Credit with the PAYE credit by raising it by €150 to €1,650.

These measures are in addition to the €7billion July Stimulus, which includes the Wage Subsidy Scheme extended through 2021, the Pandemic Unemployment Payment, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities, all of which will help to improve cashflow amongst self-employed.

COVID-19 Business Loans up to €25,000 are available through Microfinance Ireland. The loans can range from €5,000 to €25,000.

My colleague, Heather Humphreys, TD, Minister for Social Protection, opened applications for the revamped Enterprise Support Grant of up to €1,000 for self-employed recipients when exiting the Pandemic Unemployment Payment. This grant is aimed at sole traders such as plumbers, electricians, carpenters, taxi drivers and so on, who do not pay commercial rates.

Taxi drivers in receipt of the PUP can earn up to €480/month and retain their payment.