Results 23,021-23,040 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Consumer Protection (11 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act, 2015 was enacted in July 2015.  It was introduced by the previous Government to fill the consumer protection gap where loans were sold by the original lender to an unregulated firm.  The Act introduced a regulatory regime for a new type of entity called a...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (11 Sep 2017)

Paschal Donohoe: The NTMA has informed me that in line with its statutory mandate, the Ireland Strategic Investment Fund (ISIF) is examining opportunities for investments that have the potential to support increased supply of housing. These include near-term pipeline housing projects in the build-to-rent sector and student accommodation along with investments in housing–related enabling...

Written Answers — Department of Finance: Mortgage Arrears Proposals (11 Sep 2017)

Paschal Donohoe: The Deputy will be aware that the Central Bank has an ongoing role in monitoring the level of arrears and negative equity on mortgages. The Programme for a Partnership Government contains a range of commitments in the broad housing and banking area and my Department regularly engages with the Central Bank on all the Programme for Government Commitments which will impact on the Central Bank...

Written Answers — Department of Finance: Corporation Tax (11 Sep 2017)

Paschal Donohoe: The European Commission published the Final Decision in the Apple State aid case in December 2016.  This was sent to Ireland at the end of August 2016.  Ireland does not accept the Commission's analysis and the State has lodged an application with the General Court of the European Union to annul the whole Decision.  It will likely be several years before the matter is...

Written Answers — Department of Finance: European Investment Bank (11 Sep 2017)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) and the wider NTMA are continuing to examine the feasibility of establishing a funding vehicle, in conjunction with the private sector, which could facilitate investment in social and affordable housing. The objective is to assess the feasibility of an 'off-balance' mechanism to facilitate investment in social housing which is additional to...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (11 Sep 2017)

Paschal Donohoe: The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was published in October 2016 and discussed at the November 2016 ECOFIN meeting where initial impressions of the proposal were exchanged.  At the December 2016 ECOFIN, Council Conclusions were approved in respect of the Commission's wider package which included the CCCTB proposal but there was no...

Written Answers — Department of Finance: Research and Development Supports (11 Sep 2017)

Paschal Donohoe: There are a number of elements of R&D tax credit regime which are of particular assistance to SMEs. These include the refundable element of the credit which helps cash-flow; the key employee provision to help them to attract talent; the removal of the base year in 2015; and generous limits on outsourcing. Revenue has taken a number of steps to assist companies in making claims for...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: I have stated on a number of occasions that my long-term view of the USC is to see its amalgamation with the existing PRSI system.  In this context, a guiding principle will be a focus on reducing the income tax burden in a way that is both affordable and sustainable. I have asked my officials to examine policy options with regard to the amalgamation of USC and PRSI.  This will...

Written Answers — Department of Finance: Credit Union Advisory Committee (11 Sep 2017)

Paschal Donohoe: The Credit Union Advisory Committee (CUAC) in its Review of Implementation of the Recommendations in the Commission on Credit Unions Report (CUAC Report) recommended the establishment of an Implementation Group for a specified period of time . As previously referred to in Parliamentary Question No. 196 on 4 April 2017 and Parliamentary Question No. 74 on 18 May...

Written Answers — Department of Finance: Credit Union Services (11 Sep 2017)

Paschal Donohoe: As previously referred to in Parliamentary Question Nos. 197 on 4 April 2017 and 75 on 18 May 2017, the Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit...

Written Answers — Department of Finance: Banking Sector (11 Sep 2017)

Paschal Donohoe: As the Deputy is aware, the Programme for Government commits the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs (DAHRRGA) and the Department of Finance to investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions. Responsibility for this commitment has now moved from the DAHRRGA to the Department of Rural...

Written Answers — Department of Finance: Stamp Duty (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the information listed in the below Tables is the information that persons filing Stamp Duty returns are asked to supply in respect of the transfer (including long term and short term leases) of residential and non-residential land.  The actual information supplied depends on the content of the document of conveyance/transfer or lease.  All information...

Written Answers — Department of Finance: Property Tax Exemptions (11 Sep 2017)

Paschal Donohoe: I am informed by Revenue that the number of Local Property Tax (LPT) exemptions in each Local Authority is as outlined in the table below for the 2016 liability year. Data for 2017 is at present highly provisional and stable figures will not be available until year end. The rational for each exemption and the eligibility criteria is documented at...

Written Answers — Department of Finance: Public Services Card (11 Sep 2017)

Paschal Donohoe: I wish to advise the Deputy that my Department (Department of Finance) has no plans to make services or payments dependent on mandatory use and production of the public services card. With respect to the eighteen bodies under the aegis of my Department, I have been advised that seventeen have no plans to make services or payments dependent on the mandatory use and production of...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (11 Sep 2017)

Paschal Donohoe: The Home Renovation Incentive (HRI) provides a tax relief by way of an income tax credit on repair, renovation or improvements works on principal private residences or rental properties carried out by tax compliant contractors. HRI came into operation on 25 October 2013, with rental properties being brought within its scope from 15 October 2014.  The scheme is...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. Article 78 of the VAT Directive provides that the taxable amount shall include “taxes, duties, levies and charges, excluding the VAT itself”. The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration receivable...

Written Answers — Department of Finance: Motor Insurance Costs (11 Sep 2017)

Paschal Donohoe: At the outset, the Deputy should note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the Central Bank of Ireland, have the power to direct insurance companies on the pricing of insurance products. Indeed, the EU framework for insurance expressly prohibits Member States from adopting rules which require...

Written Answers — Department of Finance: Motor Tax (11 Sep 2017)

Paschal Donohoe: Motorhomes are classed as Category B vehicles and therefore are subject to a rate of VRT of 13.3% of their Open Market Selling Price (OMSP). This compares to Category A (passenger) vehicles which are charged at rates between 14% and 36% of their OMSP depending on the level of CO2 they emit. There are a number of objectives of the Irish Vehicle Registration Tax (VRT) system. VRT is an...

Written Answers — Department of Finance: Bank Codes of Conduct (11 Sep 2017)

Paschal Donohoe: The Code of Conduct on Mortgage Arrears Provides that "A lender must maintain recordings of all Arrears Support Unit telephone calls made to or from a borrower in relation to his/her arrears or pre-arrears." and that "All records required by, and demonstrating compliance with this Code, must be retained by the lender for six years. In addition, all records relating to a borrower...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (11 Sep 2017)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s National Promotional Institution for SMEs and its strategic mission is to deliver effective financial supports to Irish SMEs that address failures in the Irish credit market, while driving competition and innovation and ensuring the efficient use of available EU resources. The SBCI achieves this aim through the provision...