Results 21,641-21,660 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 75 to 77, inclusive, together. In relation to increasing the eligibility criteria for Special Assignee Relief Programme (SARP) from five years to ten years, I am advised by Revenue that there are no data on which to estimate the potential impact to the Exchequer of increasing the claim period in this manner. The data on numbers availing of SARP are...

Written Answers — Department of Finance: Universal Social Charge Data (30 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the table sets out the estimated first and full year costs to the Exchequer and the number of income earners affected from decreasing the USC surcharge for non-PAYE income over €100,000 in the manner set out by the Deputy. USC Surcharge Rate First Year €M Full Year €M Numbers 2% -31.4 -56.1 21,800 1% -62.8 -112.1 21,800 0% -94.8...

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 79 and 80 together. A Post-Budget 2018 Ready Reckoner is available on the Revenue Statistics webpage at .  In relation to the Deputy's question, this Ready Reckoner shows a wide range of estimated costs including, on Page 6, the estimated cost to the Exchequer of changes to the earned income tax credit. The number of taxpayer units that would benefit...

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: A post-Budget 2018 Ready Reckoner is available on the Revenue Statistics webpage at .In relation to the Deputy's question, this Ready Reckoner shows a wide range of estimated costs including, on Page 6, the estimated cost to the Exchequer of changes to the home carer tax credit.  The increase indicated by the Deputy is not shown but can be estimated on a pro-rata or straight-line basis...

Written Answers — Department of Finance: Deposit Interest Rates (30 Nov 2017)

Paschal Donohoe: In Budget 2017, the then Minister for Finance announced that the rate of DIRT would be reduced by 2 percentage points in each on the subsequent four years so that it would fall by 8 percentage points from its then rate of 41 percent to reach 33 percent in 2020.    Using the 2017 base, the estimated cost of reducing the rate of LAET from 41 percent to 39 percent...

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are no data available to estimate the cost, uptake or levels of absorption of the measures as set out by the Deputy.

Written Answers — Department of Finance: Fiscal Data (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. The calculation of fiscal space decouples expenditure growth from revenue developments. Fiscal space represents the additional capacity arising from the permitted expenditure growth rate that is available for expenditure increases and/or tax reductions.  Fiscal space may be increased through the introduction of discretionary...

Written Answers — Department of Finance: Universal Social Charge Data (30 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the following table sets out the estimated first and full years cost to the Exchequer of increasing the USC threshold from €13,000 to the levels set out by the Deputy. USC Threshold First Year Cost €m Full Year Cost €m €60,000 1,173 1,357 €70,000 1,400 1,621 €80,000 1,581 1,832 €90,000 1,728 2,004...

Written Answers — Department of Finance: Tax Reliefs Data (30 Nov 2017)

Paschal Donohoe: It is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in section 597AA of the Taxes Consolidation Act 1997. I am advised by the Revenue that the cost of the measure would depend on the disposal of relevant gains by taxpayers. However, on the basis of disposals of gains in previous tax years, it is estimated that the cost of increasing this limit to...

Written Answers — Department of Finance: VAT Rate Increases (30 Nov 2017)

Paschal Donohoe: The flat rate addition is designed to compensate non-VAT registered farmers for the VAT incurred by them on the purchases of goods and services. These farmers add this percentage to their prices when selling to VAT registered businesses that subsequently treat the flat rate addition as a normal input VAT in their periodic VAT returns. Under the EU VAT directive, the flat rate addition is...

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 89 to 91, inclusive, together. I am advised by Revenue that the first and full year cost of increasing Group A, B and C thresholds are outlined in the table. Threshold A €310,000 First Year Full Year Increased to €m €m €320,000 7.4 8.5 €330,000 13.8 16.0 €340,000 19.6 22.8 €350,000 24.8 28.9...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (30 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (Central Bank) has informed me that various lenders offer loans where the interest rate is higher than that generally charged in the market. Although these lenders are commonly referred to as ‘sub-prime lenders’, there is no such regulated category as ‘sub-prime lender’. Retail Credit Firms are authorised to provide credit, in the form...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions Expenditure (30 Nov 2017)

Paschal Donohoe: The Public Service Pension Reduction (PSPR), was introduced on 1 January 2011 under the Financial Emergency Measures in the Public Interest (FEMPI) Act 2011. The PSPR reduces the value of those public service pensions which have pre-PSPR values above specified thresholds. It does so in a progressively structured way which has a proportionately greater effect on higher value...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Remuneration (30 Nov 2017)

Paschal Donohoe: The 10% reductions in starting pay for certain new entrants were introduced in January 2011 as part of the National Recovery Plan in order to reduce the Public Service Pay Bill by the then Government.  The issue of addressing the difference in incremental salary scales between those public servants, who entered public service employment since 2011 and those who...

Written Answers — Department of Public Expenditure and Reform: Public Service Stability Agreement (30 Nov 2017)

Paschal Donohoe: The cost of the Public Service Stability Agreement 2018-2020 is €887m broken down as follows:  Year Pay Deal Cost 2018 €178m 2019 €370m 2020 €339m There are carryover costs associated with the Agreement of €227m in 2021.  The latest Fiscal Space projections were published in the Summer Economic Statement of 2017: . Subsequent to that the...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (30 Nov 2017)

Paschal Donohoe: At the April meeting of the Community Sector High Level Forum, my Department outlined its intention to conduct a detailed scoping exercise in order to comprehensively examine and assess the full potential implications of the issues under consideration. In considering the particular matter referred to, regard must be had to the costs and precedent of such an arrangement were one to be...

Public Service Pay and Pensions Bill 2017: Second Stage (29 Nov 2017)

Paschal Donohoe: I propose that the Bill pass Second Stage.

Public Service Pay and Pensions Bill 2017: Order for Second Stage (29 Nov 2017)

Paschal Donohoe: I move: "That Second Stage be taken now."

Public Service Pay and Pensions Bill 2017: Second Stage (29 Nov 2017)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." The Bill seeks to implement the provisions agreed in the Public Service Stability Agreement, PSSA, 2018-2020 of earlier this year. It does so in the context of our country’s continuing economic growth and within the Government’s policy of carefully looking after our economy. Last month I had the honour of presenting my...

Questions on Promised Legislation (29 Nov 2017)

Paschal Donohoe: As the Deputy has just indicated, as a Government, we do not play a role in any decision the Central Bank makes on criteria for access to loans to purchase homes. The only legislative relationship in this area requires that we be informed of what the Central Bank is doing, but it makes its decision and announces it. As the Deputy said, there are other measures at which we are looking to...