Results 23,401-23,420 of 33,118 for speaker:Paschal Donohoe
- Written Answers — Department of Finance: Universal Social Charge Data (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 163 to 166, inclusive, together. I am advised by Revenue that the breakdown of the numbers of income earners at the different USC rates (including numbers of those exempt) from 2012 to 2014 is available at . The tax year 2014 is the most recent year for which complete tax returns data are available at present. However, I am further advised that the Revenue...
- Written Answers — Department of Finance: Universal Social Charge Application (13 Jul 2017)
Paschal Donohoe: The 3% USC surcharge is payable on self-assessed income in excess of €100,000. When the USC was introduced in 2011 it was accompanied by a series of other reform measures designed to simplify the tax system and widen the tax base in order to raise the revenues required at that time. One of these measures was the removal of the €75,000 income ceiling for...
- Written Answers — Department of Finance: Budget Submissions (13 Jul 2017)
Paschal Donohoe: In keeping with tradition, I do not propose to comment on Budget issues in advance of the forthcoming Budget.
- Written Answers — Department of Finance: Tax Code (13 Jul 2017)
Paschal Donohoe: The Domicile Levy was introduced in the Finance Act 2010 to ensure that wealthy individuals make a contribution to the State during a time of economic and fiscal difficulty. It applies to Irish domiciled individuals, wherever they are resident, who: have a world-wide income greater than €1 million own Irish property greater than €5 million; and pay €200,000...
- Written Answers — Department of Finance: Insurance Costs (13 Jul 2017)
Paschal Donohoe: This matter has been brought to my attention and was the subject of a Topical Issue discussion last week. In preparation for this discussion, my officials contacted Insurance Ireland who advised that livestock marts have significant exposure to injuries to employees and members of the public. This has resulted in claims occurring with a level of frequency which has led to a reduction in...
- Written Answers — Department of Finance: Tax Reliefs Data (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 173 and 174 together. I am informed by Revenue that it is estimated the cost of reducing the Life Assurance Exit Tax rate from 41% to 39% and 37% would be in the order of €11 million and €22 million respectively. As the Deputy is aware, in Budget 2017 I announced that the rate of DIRT will be decreased by two percentage points each year for the...
- Written Answers — Department of Finance: Tax Reliefs Data (13 Jul 2017)
Paschal Donohoe: It is assumed that the Deputy is referring to the Revised Entrepreneur Relief provided for in s. 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains. The cost of increasing this limit to each of the amounts suggested by the Deputy is shown in the following table: Proposed...
- Written Answers — Department of Finance: Tax Yield (13 Jul 2017)
Paschal Donohoe: I am informed by Revenue that the full year tax yield from equalising the tax on diesel with the tax on petrol is estimated at €337 million assuming no change in behaviour.
- Written Answers — Department of Finance: Tax Data (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 177 to 179, inclusive, and 182 together. I am advised by Revenue that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at . This Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands and the cost of reducing the USC rates....
- Written Answers — Department of Finance: Tax Data (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 180 and 181 together. I am advised by Revenue that as share based remuneration, in general, is taxed under the PAYE system, it is not possible to separately identify the yield to the Exchequer from such share awards. There is therefore no basis to estimate the cost of deferring income tax on such remuneration for employees. The Deputy may be interested in...
- Written Answers — Department of Finance: Travel Insurance (13 Jul 2017)
Paschal Donohoe: The Department of Finance does not hold information on complaints taken in relation to travel insurance products. However, the Financial Services Ombudsman ("FSO") collects such data and publishes it each year as part of their annual review. The mission statement of the FSO is to “resolve disputes between consumers and financial service providers in a fair, timely and impartial manner...
- Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)
Paschal Donohoe: I assume that the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017. In that reply, information was provided in relation to exceptions approved by NAMA over the period 2014-2016 to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers. Therefore, the figure of €795m in the...
- Written Answers — Department of Finance: NAMA Operations (13 Jul 2017)
Paschal Donohoe: I assume that the Deputy is referring to information originally provided in reply to Parliamentary Question 220 of 21 March 2017. In that reply, information was provided on exceptions approved by NAMA, over the period 2014-2016, to its policy of open marketing of loans by NAMA and of assets by its debtors and receivers. I assume that the Deputy is now seeking...
- Written Answers — Department of Finance: Universal Social Charge Data (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 186 and 187 together. I am advised by the Revenue Commissioners that the number of taxpayers paying USC at each rate is available on the Revenue website at The 7% rate of USC was increased to 8% for incomes in excess of €70,044 in Budget 2015. The USC yield on such incomes in 2015 was estimated at €989 million. This estimate...
- Written Answers — Department of Finance: Tracker Mortgages Examination (13 Jul 2017)
Paschal Donohoe: I propose to take Questions Nos. 188 and 189 together. The Central Bank Tracker Mortgage Examination requires lenders, which offered tracker interest rate mortgages to their customers, to review all mortgage accounts from the date when the lender commenced offering tracker interest mortgages until 31 December 2015 in respect of both Private Dwelling Houses and Buy-to-Let properties: -...
- Written Answers — Department of Finance: Fiscal Policy (13 Jul 2017)
Paschal Donohoe: The fiscal rules are designed to promote budgetary discipline and underpin sustainable economic growth. While Ireland's economy is growing and debt is on a downward trajectory, the debt level is still comparably high and caution must be exercised due to the potential of roll-over risk should interest rates increase. We are a small and very open economy in a world that has more...
- Written Answers — Department of Finance: Brexit Issues (13 Jul 2017)
Paschal Donohoe: Irish SMEs will require Government support to diversify and restructure their businesses in light of challenges posed by Brexit. It is a key Government strategy to support the growth of and investment in this important sector of the economy. As the Deputy will be aware, there are already significant Government measures to support the financing needs of SMEs; these will be available to...
- Written Answers — Department of Finance: Excise Duties Collection (13 Jul 2017)
Paschal Donohoe: Issues around the EU Japanese trade deal are a matter for the Minister for Jobs Enterprise and Innovation in the first instance. In relation to customs duty, the current rate of duty on motor vehicles principally designed for the transport of up to 9 persons (cars) from Japan is 10%.
- Written Answers — Department of Finance: Oireachtas Banking Inquiry (13 Jul 2017)
Paschal Donohoe: My Department is in the process of preparing a Progress Report in relation to the specific recommendations of the Joint Oireachtas Committee of Inquiry into the Banking Crisis in Ireland. This Progress Report also takes into account the broader findings and recommendations of the Banking Inquiry and other inquiries into the Financial Crisis. The Banking Inquiry report and...
- Written Answers — Department of Finance: Motor Insurance Data (13 Jul 2017)
Paschal Donohoe: The Central Bank has advised me that under Solvency I it publishes Insurance Statistics annually and the latest data available is for 2015. The Bank has provided me with the following information on Gross Written Premiums and Claims paid for total motor vehicle business for financial years 2011-2015 inclusive, which is detailed in Table 22 of the Insurance Statistics annual...