Results 20,821-20,840 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Applications Data (6 Feb 2018)

Paschal Donohoe: Prior to offering a residential mortgage loan to a consumer borrower, mortgage lenders are required to carry out a credit worthiness assessment and to offer mortgage credit only where the result of the assessment indicates that the consumer is likely to meet his/her obligations in the manner required by the credit agreement. The mortgage lender is also obliged to ensure that the procedures...

Written Answers — Department of Finance: Motor Insurance Regulation (6 Feb 2018)

Paschal Donohoe: At the outset, I wish to inform the Deputy that I have no plans to legislate on this particular issue.  Neither I nor the Central Bank can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on the risks they are willing to accept.  However, it has been brought to my...

Written Answers — Department of Finance: VAT Rate Application (6 Feb 2018)

Paschal Donohoe: The European Commission published a proposal on 18 January 2018 which aims to simplify VAT rating. Under existing VAT rating rules, Member States must apply a standard VAT rate of at least 15% and may apply up to two reduced VAT rates of 5% or more to a set list of socially inclined goods and services.  Member States may also retain historic VAT treatment that applied before 1...

Written Answers — Department of Finance: Banking Sector Regulation (6 Feb 2018)

Paschal Donohoe: I am advised by the Central Bank that securitisation activity, including that of ‘home loans’, is currently subject to a variety of regulatory requirements in various pieces of EU sectoral legislation. The main securitisation-specific requirements generally relate to the prudential treatment of investments in securitisation by certain financial firms and investor transparency...

Written Answers — Department of Finance: Revenue Commissioners Data (6 Feb 2018)

Paschal Donohoe: I am informed that Revenue publishes the Annual Average Euro Reference Exchange Rates, as supplied by the Central Bank, annually by way of an eBrief. The annual average sterling to euro exchange rate for 2017 was GBP £1 = €1.14068. Where income is received on a particular date, the taxpayer may choose to use the daily exchange rate for that date, as supplied by the Central Bank....

Written Answers — Department of Finance: Tax Code (6 Feb 2018)

Paschal Donohoe: I am informed by Revenue that, in accordance with section 114 Taxes Consolidation Act 1997, where an employee: - is necessarily obliged to incur expenses of travelling (and subsistence relating to that travel) in the performance of the duties of his or her employment; and - is reimbursed by his or her employer in respect of such travel and subsistence on the basis of vouched receipts, such...

Written Answers — Department of Finance: VAT Rebates (6 Feb 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. The supply of oxygen is liable to VAT at the standard rate, currently 23%, and as such I am constrained by the requirements of EU law from applying any rate of VAT lower than the standard rate to the sale of this product. However, the EU VAT Directive provides for particular categories of...

Written Answers — Department of Finance: Banking Sector Data (6 Feb 2018)

Paschal Donohoe: The Central Bank of Ireland utilises a three-stage banking authorisation assessment process, the first two stages being part of a pre-application assessment, followed by submission of a formal application. It should be noted that it is the European Central Bank which determines whether a banking authorisation should be granted under section 9 of the Central Bank Act, 1971 (general banking...

Written Answers — Department of Public Expenditure and Reform: National Lottery Funding Data (6 Feb 2018)

Paschal Donohoe: The National Lottery was established under the National Lottery Act 1986 and continues in accordance with the National Lottery Act 2013. A competition for the award of the twenty year licence to operate the National Lottery took place between May and October 2013. On 27 February 2014 the Minister for Public Expenditure and Reform granted the new licence to Premier Lotteries Ireland (PLI)...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (6 Feb 2018)

Paschal Donohoe: An issue which has been under discussion by the Community Sector High Level Forum relates to community employment supervisors and assistant supervisors who have been seeking, through their union representatives, the allocation of Exchequer funding to implement a Labour Court recommendation relating to the provision of a pension scheme. At the April meeting of the Forum, my Department...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (6 Feb 2018)

Paschal Donohoe: Managing the delivery of public services within budgetary allocations is a key responsibility of each Minister and their Departments, and there are important measures in place to ensure that budgetary targets are met. However, given the scale of gross voted Government expenditure c. €58.5 billion in aggregate in 2017 - and the cash basis of Government accounting, some variance from...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (6 Feb 2018)

Paschal Donohoe: I have been informed by the National Shared Services Office, the Office responsible for PeoplePoint, that records confirm the request for the contribution record of the person in question was received on 23 January 2018 from the Social Welfare Services Office. This request was for a confirmation of the contribution history of the named person for the time this person was employed in the...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (6 Feb 2018)

Paschal Donohoe: The Office of Government Procurement (OGP) has established six framework agreements that include the company named by the Deputy as a member. To date, seven contracts have been awarded to this named company following direct invitation to tender to the members of these frameworks. An analysis of contract award notices, both at national and European level, published on the Office of...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (6 Feb 2018)

Paschal Donohoe: I wish to confirm to the Deputy that that there are no employees from the companies referred to, on secondment in my Department.

Written Answers — Department of Public Expenditure and Reform: Departmental Properties (6 Feb 2018)

Paschal Donohoe: There are nine former coastguard cottages in Crosshaven, Co. Cork in State ownership, seven of which have been identified as surplus to requirement and suitable for disposal. The Office of Public Works is currently exploring alternative State use for the seven vacant properties.

Written Answers — Department of Finance: Stock Markets Regulation (1 Feb 2018)

Paschal Donohoe: I can confirm for the Deputy that my attention has not been drawn to any such scenario as described in this question. In relation to the Deputy's assertion that it was the bank's policy not to reveal all losses to shareholders, I would highlight that the rules relating to the correct level of provisioning, and consequent losses, are determined by the relevant accounting...

Written Answers — Department of Finance: Tracker Mortgage Examination (1 Feb 2018)

Paschal Donohoe: The Central Bank has advised that the Tracker Mortgage Examination is on-going. However, it also advises that it is not in a position to comment on its supervisory engagements with individual lenders. Nevertheless, the Bank continues to engage with and challenge all lenders to ensure that they identify all tracker impacted customers in a timely manner and to...

Written Answers — Department of Finance: Repatriation of Money (1 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 73 and 74 together. As the Deputy is aware, I am not at liberty, nor is it appropriate for me, to discuss the tax affairs of individual companies. The Government profoundly disagrees with the European Commission’s analysis in the Apple State Aid case. An appeal is therefore being brought before the European Courts. Such an appeal takes the form of an...

Written Answers — Department of Finance: Internal Audits (1 Feb 2018)

Paschal Donohoe: The Internal and EU Audit Unit of the Department of Public Expenditure and Reform (DPER) provides an internal audit service to my Department on a shared service basis.     As required by the Internal Audit Standards launched by the Department of Public Expenditure and Reform in 2012, the Internal Audit Unit function underwent an External Quality Assessment (EQA)...

Written Answers — Department of Finance: Tax Code (1 Feb 2018)

Paschal Donohoe: I am advised by Revenue that their records do not indicate if DIRT is being applied or charged by the relevant financial institution on the person concerned. The person concerned should contact the relevant financial institution to establish if DIRT has been applied or charged. If it has, the person concerned may be entitled to a refund of some or all of the DIRT applied or charged.