Results 22,921-22,940 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 172 and 173 together. I am advised by the Tax Appeals Commission (TAC) that it is not currently in a position to provide all the information requested by the Deputy as certain appeals related data is either not routinely collated by the TAC or is not collated in a form that is readily accessible. The TAC is currently taking steps to address these issues...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 175, 176 and 179 together. As previously advised, the Special Liquidators publish an annual progress update report on the liquidation of IBRC which is publicly available and this report also has a section on fees and costs of the liquidation and also outlines the various cost management activities undertaken by the Special Liquidators and the nature of the...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I am advised that Department of Finance officials met with the Special Liquidators of IBRC in November 2013 in order to discuss the level of costs being incurred as a result of the liquidation. This meeting was requested given the significant increase of workload being incurred over and above what was expected by the Department of Finance when the original special liquidation rates (based on...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: Question 134 of 11 September 2017, which you posed, asked for a breakdown in relation to the number of persons, by grade, performing the work of the Special Liquidators. Question 286 of 9 June 2015 asked for a breakdown of the hourly rates of each grade. I am advised by the Special Liquidators that the commercial sensitivities are around disclosing the details in relation to...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (20 Sep 2017)

Paschal Donohoe: 1. Revenue advises me that the numbers of applications received and the numbers of companies approved or refused for the Employment and Investment Incentive (EII) for each year since its introduction were as follows: Year Total Received Approved Refused 2012 83 78 5 2013 211 190 21 2014 256 239 17 2015 310 279 31 2016 322 261 61 2017 (year to date) 312 262 50 Total 1,494 1,309 185...

Written Answers — Department of Finance: Flood Risk Assessments (20 Sep 2017)

Paschal Donohoe: I am aware of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years.  However, you should be aware that the provision of insurance is a commercial matter for insurance...

Written Answers — Department of Finance: Insurance Fraud (20 Sep 2017)

Paschal Donohoe: At the outset, the Deputy should note that tackling fraud is one of the six key objectives within the Action Plan of the Report on the Cost of Motor Insurance. This Report recommended the setting up of a fully functioning insurance fraud database for industry to detect patterns of fraud. A dedicated Working Group has been set up in the Department of Justice and Equality to implement...

Written Answers — Department of Finance: Interest Rates (20 Sep 2017)

Paschal Donohoe: The issue of standard variable mortgage rates is a significant one for this Government and the Programme for a Partnership Government has set out a number of important and practical measures which seek to improve the position of variable rate mortgage holders. A key item was the request to the Competition and Consumer Protection Commission (CCPC)...

Written Answers — Department of Finance: Credit Union Regulation (20 Sep 2017)

Paschal Donohoe: The Credit Union Act 1997 (1997 Act) contains provisions in relation to membership, membership approval and expulsion.  In particular Section 17(3) of the 1997 Act states that a person shall not be a member unless he has at least one fully paid-up share in the credit union, but the rules of the credit union shall not require a person to have more than €10, or...

Written Answers — Department of Finance: Economic Competitiveness (20 Sep 2017)

Paschal Donohoe: Addressing Ireland’s economic competitiveness is a key economic policy priority for Government, as outlined in the Summer Economic Statement published in July. The Action Plan for Jobs 2017 sets out a range of initiatives across Government Departments to support competitiveness. The National Competitiveness Council has reported regularly to the relevant Cabinet Committee where its...

Written Answers — Department of Finance: Irish Fiscal Advisory Council (20 Sep 2017)

Paschal Donohoe: I can confirm to the Deputy that I have not met with the Irish Fiscal Advisory Council (IFAC) since assuming my role as Minister for Finance. In July of this year I met with the Chairman of the IFAC, Mr Seamus Coffey, in relation to the Review of Ireland’s Corporation Tax Code. This meeting did not relate to Mr Coffey’s work as Chair of the Fiscal Council.

Written Answers — Department of Finance: Budget Statement (20 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Data Protection (20 Sep 2017)

Paschal Donohoe: I, as Minister for Finance, have no statutory role in relation to the matters referred to in the question. As the Deputy will be aware the Office of the Data Protection Commissioner comes under the aegis of my colleague the Minister for Justice and Equality. I am aware of recent media reports on the loss of certain customer data. I have been informed by the AIB Group that it adheres to...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Sep 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and Vehicle Registration Tax, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. To...

Written Answers — Department of Finance: Flood Relief Schemes (20 Sep 2017)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years. However, the provision of insurance cover and the price at which it is offered is a commercial matter for...

Written Answers — Department of Finance: Brexit Issues (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 193 and 194 together. I am informed by the Revenue Commissioners that they are actively engaged in examining a range of scenarios in order to support Ireland's Brexit objectives. As previously indicated, until the shape of post-Brexit arrangements becomes clear, it will not be possible to formulate specific plans. I am therefore informed by Revenue that...

Written Answers — Department of Finance: European Banking Authority (20 Sep 2017)

Paschal Donohoe: The procedure agreed by the European Council for the relocation of the European Agencies currently located in London, the European Banking Authority (EBA) and the European Medicines Authority (EMA), stresses that the business continuity of the two Agencies is vital and must be ensured. Business continuity is one of the six essential criteria in the relocation selection process and...

Written Answers — Department of Finance: Mortgage Interest Rates (20 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, the Central Bank of Ireland introduced an Addendum to the Consumer Protection Code 2012 in February of this year. These new regulatory provisions are designed to better inform and protect rate mortgage holders in relation to changes in variable mortgage interest rates (excluding tracker interest rates). Under these...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (20 Sep 2017)

Paschal Donohoe: As regards the Home Renovation Incentive (HRI), relief is given by way of an income tax credit as distinct from a tax rebate. Relief, where it is arises, is applied evenly over not less than a two year period.  Where a person’s income level is such that the person pays no tax in a given two year period, then the person will be unable to claim the relief in that period. ...

Written Answers — Department of Finance: NAMA Loan Book Value (20 Sep 2017)

Paschal Donohoe: I would firstly refer the Deputy to my response to Parliamentary Question 94 of 29 June 2017, where I highlighted page 46, in particular, of the 2016 NAMA Annual Report, which outlines that the outstanding principal balance of NAMA’s loans and receivables portfolio at end-2016 was €28.4 billion.  The corresponding carrying value of loans (net of impairment) held...