Results 20,741-20,760 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: VAT Registration (13 Feb 2018)

Paschal Donohoe: The VAT treatment of the supply of goods and services in the State is subject to EU VAT law with which Irish VAT law must comply. As a consequence, entities with a business address in another EU Member State can be required to register and account for VAT in Ireland if the place of supply of goods and services is deemed by EU law to be in this State. I am advised by the Revenue...

Written Answers — Department of Finance: Tax Reliefs Data (13 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 125 and 126 together. I assume the Deputy is referring to the Rent Tax Credit, which was a credit available to those paying for private rented accommodation. This included rent paid for flats, apartments or houses. It did not include rent paid to local authorities. The credit has been phasing out for a number of years and remained available only to persons who...

Written Answers — Department of Finance: Motor Insurance Costs (13 Feb 2018)

Paschal Donohoe: I wish to inform the Deputy that issues faced by returned emigrants, both from EU and non-EU countries, featured prominently in the Cost of Insurance Working Group’s examination of the motor insurance sector. Accordingly, Recommendation 6 of the Report on the Cost of Motor Insurance aims to address the problems faced by this category of drivers. Pursuant to this recommendation, a...

Written Answers — Department of Finance: Revenue Commissioners (13 Feb 2018)

Paschal Donohoe: I am advised by Revenue that it has introduced an appointments service in a number of public offices, including the Athlone office. A dedicated telephone line for the purposes of making appointments at this Office has been in operation since 4 July 2016. The availability of an appointments facility at the office has improved Revenue's services to its customers. The service allows taxpayers...

Written Answers — Department of Finance: Customs and Excise Controls (13 Feb 2018)

Paschal Donohoe: I am advised by Revenue that having regard to the range of products and substances involved, Revenue will need to engage directly with the person concerned before a considered view can be provided. I am advised by Revenue that direct contact is being made with the person concerned with a view to confirming Revenue’s view on the matter as soon as possible.

Written Answers — Department of Finance: Mortgage Data (13 Feb 2018)

Paschal Donohoe: Central Bank of Ireland statistics on private household credit and deposits (Money, Credit and Banking Statistics - Tables A.18.1 and A.18.2) indicates that, as at the end of quarter 3 2017, the following are the outstanding amounts of loans advanced to Irish resident private households for the purpose of house purchase (including loans that are securitised/transferred but remain serviced by...

Written Answers — Department of Finance: Interest Rates (13 Feb 2018)

Paschal Donohoe: The Central Bank has advised that it published a research paper in December 2017 entitled, 'Resolving a Non-Performing Loan crisis: The ongoing case of the Irish mortgage market', which provides information relevant to the Deputy's request. One of the issues this paper investigates is the impact of a 200bps increase in the interest rate on trackers on mortgage repayments specifically for...

Written Answers — Department of Finance: Property Tax (13 Feb 2018)

Paschal Donohoe: I recently announced a review of the Local Property Tax (LPT) which will look in particular at the impact on LPT liabilities of property price developments. It will include an examination of the outstanding recommendations of the 2015 Thornhill review of the Local Property Tax. It is expected that the review will be completed at the end of August and that the review report will provide a...

Written Answers — Department of Finance: Insurance Costs (13 Feb 2018)

Paschal Donohoe: I expect to be in a position to approve the publication of the fourth quarterly update report in the coming days. The Deputy will be aware that the Report on the Cost of Motor Insurance was published in January 2017 and made 33 recommendations with 71 associated actions to be carried out in agreed timeframes, as set out in an Action Plan. There have been three quarterly updates published to...

Written Answers — Department of Finance: VAT Yield (13 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 134 and 135 together. On 1 January 2015 new EU VAT rules came into effect changing the place where VAT is chargeable in respect of all supplies of telecommunications, broadcasting and electronic (TBE) services to consumers. VAT on these services is now chargeable where the consumer is located instead of where the supplier is located. As a result of the...

Written Answers — Department of Finance: Mortgage Data (13 Feb 2018)

Paschal Donohoe: The Central Bank has informed me that the age profile of those on Interest Only mortgages is not readily available.  However, a paper written by Fergal McCann of the Central Bank, called "Resolving a Non-Performing Loan crisis: The ongoing case of the Irish mortgage market", published in December last year, provides some information. The following table from...

Written Answers — Department of Finance: Tax Credits (13 Feb 2018)

Paschal Donohoe: I am advised by Revenue that information in respect of the amount of Research and Development (R&D) tax credit is available at www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdffor all years up to 2015. From analysis to date on tax returns for 2016, the tax cost of this credit is currently estimated at €674 million. An estimate of...

Written Answers — Department of Finance: Stamp Duty (13 Feb 2018)

Paschal Donohoe: Stamp Duty is chargeable on ATM cards and combined cards (which comprise ATM and debit card functions).  Where only the ATM function of a combined card is used during a year the Stamp Duty is €0.12 per withdrawal subject to an annual maximum of €2.50.  The same Stamp Duty charge  applies to ATM only cards.  Where both the ATM and debit card functions of a...

Written Answers — Department of Finance: National Treasury Management Agency Staff (13 Feb 2018)

Paschal Donohoe: The year end 2016 and 2017 headcount of the National Treasury Management Agency (NTMA) excluding staff assigned to the National Asset Management Agency (NAMA) and including staff assigned to the Strategic Banking Corporation of Ireland and staff from the Banking Unit seconded to the Department of Finance are set out in the following table. Year Headcount 2016 480 2017 526 The...

Written Answers — Department of Finance: NAMA Staff Remuneration (13 Feb 2018)

Paschal Donohoe: The year end 2016 and 2017 headcount of the National Treasury Management Agency (NTMA) assigned to the National Asset Management Agency (NAMA) is set out in the following table. Year Headcount 2016 302 2017 264 The following table below shows the number of NAMA officers by relevant band. The numbers include staff members who left the NAMA during 2017 in addition to those employed...

Written Answers — Department of Finance: VAT Payments (13 Feb 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that under the EU VAT Directive the supply of the service of a locum doctor to a medical practice by an organisation or company constitutes a supply of the service of the provision of staff, which is subject to VAT at the standard rate, currently 23%.  In such circumstances, the organisation or company supplying staff is obliged to...

Written Answers — Department of Finance: Tax Reliefs Eligibility (13 Feb 2018)

Paschal Donohoe: I am informed by Revenue that tax relief in respect of health expenses is provided for in section 469 of the Taxes Consolidation Act 1997. Section 469 defines "health expenses" as "expenses in respect of the provision of health care including drugs or medicines supplied on the prescription of a practitioner".  The term “practitioner” is defined in the section...

Written Answers — Department of Finance: Parliamentary Questions (13 Feb 2018)

Paschal Donohoe: The precise nature of the issue which the Deputy wishes to raise is unclear from the details supplied.  Further information has been requested from the Deputy's constituency office and I would be happy to address his query should the Deputy wish to ask this question again when further information is available.

Written Answers — Department of Finance: EU-IMF Programme of Support (13 Feb 2018)

Paschal Donohoe: The UK Bilateral loan provided as part of the EU-IMF Programme was drawn down in eight equal tranches of £403 million over the period October 2011 to September 2013. The total UK Bilateral loan outstanding is £3.23 billon. This is a fixed rate loan. The weighted average interest rate, including service fees, on the aggregate UK loan facility is 2.6%. Interest is paid...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (13 Feb 2018)

Paschal Donohoe: I am advised by Revenue that, for the purposes of the Help-to-Buy incentive, the relevant definition of a qualifying residence (as set out in section 477C(1) of the Taxes Consolidation Act 1997) is “a new building which was not, at any time, used, or suitable for use, as a dwelling”. Based on the information supplied by the Deputy, it would appear that the house in question...