Results 20,841-20,860 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Knowledge Development Box (1 Feb 2018)

Paschal Donohoe: The purpose of the Knowledge Development Box (KDB) is to encourage companies to develop intellectual property and thereby engage in substantive R&D operations that have a positive impact on the Irish economy. The KDB applies for accounting periods commencing on or after 1 January 2016. The claimant company has a period of up to 24 months to make a claim for KDB relief. I am...

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

Paschal Donohoe: I am advised by Revenue that there is a Research & Development (R&D) discussion group which reports to the Direct and Capital Taxes Sub-Committee of the Tax Administration Liaison Committee (TALC).  The main purpose of the discussion group is to provide a forum for Revenue and representative organisations to raise and address issues affecting the operation of the R&D tax...

Written Answers — Department of Finance: Apprenticeship Data (1 Feb 2018)

Paschal Donohoe: I wish to inform the Deputy that my Department does not operate an apprenticeship programme. None of the Agencies under the remit of my Department has any persons currently enrolled in apprenticeships.

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

Paschal Donohoe: I propose to take Questions Nos. 80 and 81 together. I am informed by Revenue that initial analysis of 2017 data indicate that the net Corporation Tax receipts from the aircraft leasing and finance industry were in the region of €40 million.  In relation to the number of aircraft leasing and finance companies, tax returns for 2015 (the latest full year available) indicate there...

Written Answers — Department of Finance: Banking Sector (1 Feb 2018)

Paschal Donohoe: In relation to the Payment Services Directive II (PSD2), I have received the following comments. AIB "AIB has implemented all aspects of PSD II which came into effect on 13 January 2018 and is on track to implement the remaining articles once the final Regulatory Technical Standards (RTS) has been published and its implementation date agreed." PTSB "Permanent TSB implemented PSD2 on the...

Written Answers — Department of Finance: Banking Sector (1 Feb 2018)

Paschal Donohoe: As the Deputy will be aware, the Markets in Financial Instruments Directive II came into effect at the beginning of this year. AIB have provided me with the following comment: "MiFID II obligations which were due for 3 January have been assessed and the relevant updates have been applied to the AIB business model. Elements that are phasing in post this date are in development and are...

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

Paschal Donohoe: The Central Bank has provided me with the following information in relation to the warehousing of a portion of debt associated with split mortgages. "The Central Bank publishes Mortgage Arrears Data detailing quarterly developments in the number and value of mortgages in arrears, restructured mortgages, repossessed properties, for principal residences and buy-to-let properties. The reporting...

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

Paschal Donohoe: I propose to take Questions Nos. 85 to 88, inclusive, together. The TAC was established and new procedures for making, processing, adjudicating and determining appeals came into effect on 21stMarch 2016. Before this date taxpayers sent their appeals directly to Revenue who then transferred cases to the Appeal Commissioners when they were ready for a hearing. Since that date, taxpayers send...

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

Paschal Donohoe: Following its establishment the Tax Appeals Commission (TAC) received thousands of appeals from both the Revenue Commissioners and the Office of the Appeal Commissioners. Further to this the TAC became the first port of call for all new appeals, of which they received 899 in 2016. I am advised that due to the volume of appeals received and nature of the appeals, the information sought by...

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

Paschal Donohoe: Since its establishment in March 2016 the Tax Appeals Commission (TAC) has had two full time Commissioners. An additional temporary Commissioner was appointed in June 2017 for a 2-year period in order to assist in disposing of the legacy appeals which transferred to the Commission from the Revenue Commissioners. Further to this, the Commission currently compromises of the following...

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

Paschal Donohoe: I am advised by Revenue that while a matter is subject to an appeal to the Tax Appeals Commission, the collection of the amount of tax that is in dispute is suspended until the appeal is determined by the Tax Appeals Commission. Where the Tax Appeals Commission find in favour of Revenue, and the tax is found to be due and payable, the original due date in respect of that tax continues to...

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

Paschal Donohoe: I am advised by Revenue that the income tax owed by the person concerned for 2016 is based on a return they completed for the year in question. I am further advised by Revenue that arrangements are being made to make direct contact with the person concerned to clarify matters as regards the tax owed and to agree a suitable payment arrangement for any tax owed.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions Data (1 Feb 2018)

Paschal Donohoe: I refer the Deputy to my reply to Parliamentary Question No. 186 on 23 January 2018.

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (1 Feb 2018)

Paschal Donohoe: I refer the Deputy to my reply to Parliamentary Question No. 146 on 14 December 2017.

Written Answers — Department of Public Expenditure and Reform: EU Funding (1 Feb 2018)

Paschal Donohoe: Ireland and Northern Ireland are currently partners in two EU-funded cross-border Cooperation Programmes, PEACE and INTERREG.  Between them they have seen nearly €3.5 billion of investment in Northern Ireland and the Border region of Ireland over the last quarter of a century. The Government is proud of the role it played in securing EU funding for a fourth PEACE...

Written Answers — Department of Public Expenditure and Reform: 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 not only to that Department but also to the Department of Finance 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...

Written Answers — Department of Public Expenditure and Reform: Apprenticeship Data (1 Feb 2018)

Paschal Donohoe: The current apprenticeships in the Department of Public Expenditure and Reform and bodies under its aegis are listed in the following table: OPW Apprenticeships as of  31/01/2018 Female Male Total Carpenter and Joiner 1 9 10 Construction Plant Fitter 5 5 Stonecutter and Stonemason 23 23 Wood Manufacturer and Finisher 2 2 TOTAL 40

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Paschal Donohoe: I thank the Chairman for the opportunity to address the committee. I am accompanied today by colleagues from the Department who have been involved in developing the range of options as set out in the rainy day fund consultation paper. I begin by providing some background and context to the proposal on the setting up of a rainy day fund. The concept was originally mooted by my predecessor as...

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Paschal Donohoe: Does the Chairman want me to speak on-----

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Paschal Donohoe: I will deal with each of them in turn. With regard to whether there are any other examples of countries that are well advanced in doing this kind of work with a European setting, the answer is "No". When we commence this work in terms of putting together a fund, we will be in the first wave of countries that are looking to carry out this work well. In terms of compliance with fiscal rules,...