Results 20,981-21,000 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Rebates (30 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the person concerned did not pay tax in the years 2014, 2015 and 2016 and therefore is not due a tax refund for those years.  As regards 2017, when the person concerned receives a P60 from their employer for the year, they can request a review by using Revenue's online service ‘myAccount’.

Written Answers — Department of Finance: Motor Insurance Coverage (30 Jan 2018)

Paschal Donohoe: At the outset the Deputy should note that there is no statutory basis underpinning how individual insurers operate their No Claims Bonus system. This is a commercial matter for such companies and the level of the bonus varies between them but may be as high as a 70% discount. In addition, I understand that insurers have different approaches and policies where an incident has been reported...

Written Answers — Department of Finance: VAT Payments (30 Jan 2018)

Paschal Donohoe: Section 960EA of the Taxes Consolidation Act 1997 provides that transaction costs incurred in respect of the necessary service providers for credit card transactions, i.e. merchant acquirer services and technical connection support can be passed to the taxpayer. The Revenue Commissioners has advised me that the biggest portion of the current 1.1% charge applied to credit card...

Written Answers — Department of Finance: Tracker Mortgage Examination (30 Jan 2018)

Paschal Donohoe: The Central Bank has advised that it has utilised its enforcement powers and continues to pursue enforcement actions in response to tracker mortgage issues that have been identified at certain lenders. The Bank has already concluded an enforcement investigation in respect of tracker mortgage-related failures identified at Springboard Mortgages Limited in November 2016. In that instance the...

Written Answers — Department of Finance: Tracker Mortgage Examination (30 Jan 2018)

Paschal Donohoe: The Central Bank has advised that, due to statutory confidentiality requirements, the Bank may not publicly disclose much of its supervisory engagement with individual firms. In particular, the Central Bank can, generally speaking, only disclose such information in summary or aggregate form so that individual firms cannot be identified. However, the Central Bank has advised that pursuant...

Written Answers — Department of Finance: Protected Disclosures (30 Jan 2018)

Paschal Donohoe: Whistleblowers who are employees in financial institutions would fall within the definition of “Workers” in the Protected Disclosures Act 2014 and therefore would most likely be considered under the 2014 Act as opposed under the whistleblowing protections of the Central Bank (Supervision and Enforcement) Act 2013. The main objective of the Protected Disclosures Act...

Written Answers — Department of Finance: Tax Code (30 Jan 2018)

Paschal Donohoe: The Government's approach to income tax policy, and my approach to the issue as Minister for Finance, is informed by a number of principles including fairness, competitiveness and the need to improve the reward for work.  The Deputy will be aware of the commitment in the programme for Government to a medium-term income tax reform plan that keeps the tax base broad, reduces...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (30 Jan 2018)

Paschal Donohoe: Taxation remains within the sovereignty of individual member states.Unanimity is needed before any tax changes can be agreed at EU level.Proposals for tax harmonisation at EU level are not new.The common consolidated corporate tax base has been discussed for years and was first formally proposed in 2011.   Ireland's position has always been clear - we do not support tax harmonisation...

Written Answers — Department of Finance: Housing Issues (30 Jan 2018)

Paschal Donohoe: In my Budget speech on 10 October 2017, I announced a proposal to establish a new dedicated fund, Home Building Finance Ireland (HBFI) to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding.  Up to €750 million of ISIF funds will be allocated to HBFI to provide funding on market terms and...

Written Answers — Department of Finance: Public Private Partnerships Data (30 Jan 2018)

Paschal Donohoe: The Department of Finance has no public private partnership projects.

Written Answers — Department of Finance: European Financial Forum (30 Jan 2018)

Paschal Donohoe: As Minister for Finance, I attend the monthly Economic and Financial Affairs Council of the European Union (ECOFIN) meetings; ECOFIN is responsible for EU policy in areas including economic policy.I also attend meetings of the Eurogroup, where the Ministers of the euro area member states discuss matters concerning their shared responsibilities related to the euro.The Eurogroup’s main...

Written Answers — Department of Finance: Economic Growth (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 172 and 175 together. According to EUROSTAT, in 2016 Ireland was the second fastest growing economy in the EU with real GDP increasing by 5.1 per cent. Based on data for the first three quarters of 2017, Ireland was the fastest growing economy with real GDP up by 7.4 per cent, although the headline figures have been heavily influenced by the multinational...

Written Answers — Department of Finance: Economic Growth (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 173, 178 and 179 together. My Department’s most recent economic forecasts were published with Budget 2018. Real GDP growth of 3.5 per cent was projected for this year while growth is forecast to average almost 3 per cent over the period 2019 – 2021. These forecasts incorporate the estimated impact of a “hard” Brexit. This shock is...

Written Answers — Department of Finance: Brexit Issues (30 Jan 2018)

Paschal Donohoe: As set out in the Government’s position paper of 2 May 2017, to mitigate the economic implications associated with Brexit, and maximise opportunities, the Government is taking a five pronged approach. The Government will continue to: - prudently manage our economy and the public finances; - negotiate effectively, as part of the EU 27, which includes aiming for the closest...

Written Answers — Department of Finance: Departmental Staff Retirements (30 Jan 2018)

Paschal Donohoe: Of the 17 bodies under the aegis of my Department, I am informed that in the locations listed by the Deputy one person at Assistant Principal level will be due to retire in the next six months due to age.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (30 Jan 2018)

Paschal Donohoe: There are currently no plans to amend the terms and conditions in respect of pension accrual for persons who have taken special leave without pay.

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (30 Jan 2018)

Paschal Donohoe: As I announced at Budget 2018, Government has allocated significant increases in public capital investment amounting to €4.3 billion over the period 2018-2021. This was in addition to the additional €2.2 billion for housing already allocated prior to that for the implementation of the Action Plan for Housing and Homelessness.  These funding...

Written Answers — Department of Public Expenditure and Reform: Teachers' Remuneration (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 185, 186, 201 to 204, inclusive, and 209 together. I refer the Deputy to my answer to PQ Ref: 2339/18 on 18 December 2018.

Written Answers — Department of Public Expenditure and Reform: State Claims Agency Data (30 Jan 2018)

Paschal Donohoe: In response to the Deputy's question, please see attached report as supplied to me by the State Claims Agency. I am advised that the information contained in this report has been extracted from the National Incident Management System and is contained in the following link.

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 189 and 195 together. The Government agreed on 5 December 2017 that the compulsory retirement age of public servants recruited before 1 April 2004 should be increased to age 70. Primary legislation will be required for the changes to be implemented. In approving the proposals, the Government also approved the General Scheme of a Bill to give effect to...