Results 12,301-12,320 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Register Administration (5 Mar 2020)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. The Central Credit Register (CCR) was established by the Central Bank of Ireland (the Bank) under the Credit Reporting Act 2013.   Following a public procurement process, the Bank signed a contract with CRIF Ireland Ltd, 1st floor, Adelphi Plaza, Georges Street Upper, Dun Laoghaire, Co Dublin (a wholly owned...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (5 Mar 2020)

Paschal Donohoe: As the Deputy will be aware, Part IIIC of the Central Bank Act 1942 (as amended) (“the Act”), provides that the Central Bank may hold an inquiry to determine whether or not a financial service provider is committing or has committed a suspected prescribed contravention.  The Central Bank may also hold an inquiry to determine whether or not a person concerned in...

Written Answers — Department of Finance: Credit Union Services (5 Mar 2020)

Paschal Donohoe: Further to parliamentary question numbers 48 of 14 November and 126 of 19 November 2019, I would like to reiterate that it would not be appropriate for me to make a comment on a specific case. It is also important to note that the Probate Office of the High Court deals with matters relating to probate and as such is the responsibility of the Minister for Justice and Equality. ...

Written Answers — Department of Finance: Revenue Commissioners Staff (5 Mar 2020)

Paschal Donohoe: I am advised by Revenue that there are currently 15 Revenue staff members employed in Portlaoise, of whom four are assigned there on a temporary basis.

Written Answers — Department of Finance: Motor Insurance Data (5 Mar 2020)

Paschal Donohoe: In order to address the Deputy's question, my officials contacted the Central Bank of Ireland (CBI) to request the necessary information.  In response, the CBI noted that in compiling the NCID Report, the data used had the following market coverage (based on the proportion of total premium earned in 2018): - Premium and policy count data covers 90% of the market;   - Claims...

Written Answers — Department of Finance: Bank Branch Closures (5 Mar 2020)

Paschal Donohoe: The Deputy will be aware that the banking sector is experiencing a challenging operating environment and the traditional banking model has been under pressure for some years to adapt and deal with legacy issues. In such circumstances, cost management is likely to remain a high priority for banks as it is an area under their control. However, branch closures are always a matter of...

Written Answers — Department of Finance: Banking Operations (5 Mar 2020)

Paschal Donohoe: The Deputy will be aware that decisions in regards to operational matters are the sole responsibility of the boards and management of the individual banks which are run on an independent and commercial basis. Furthermore, the independence of banks in which the State has a shareholding is protected by Relationship Frameworks, which are legally binding documents that cannot be changed...

Written Answers — Department of Finance: Mortgage Arrears Proposals (5 Mar 2020)

Paschal Donohoe: I have been advised by the Central Bank of Ireland (the Central Bank) that it can confirm that it has received responses from all relevant regulated entities to its letter of 23 October 2019.  As the Deputy will be aware, the letter related to the practice of charging costs associated with the legal process and other third party charges (the costs) to borrowers in mortgage...

Written Answers — Department of Finance: VAT Rate Reductions (5 Mar 2020)

Paschal Donohoe: Given that the impact of an increase in the VAT rate on the hospitality sector as a whole has only recently been reviewed by the Department of Finance and the Revenue Commissioners, there does not seem to currently be a case for reviewing the impact of the increase. In addition, the main finding of the Department’s Review is that expenditure on goods...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (5 Mar 2020)

Paschal Donohoe: I have been advised by the Central Bank of Ireland (the Central Bank) that in 2015, they completed a themed inspection of compliance with certain aspects of the Code of Conduct on Mortgage Arrears 2013 (CCMA). They found significant and undue delays on the part of some lenders in assessing cases at various stages in the Mortgage Arrears Resolution Process (MARP)....

Written Answers — Department of Finance: Interest Rates (5 Mar 2020)

Paschal Donohoe: Provisions governing the setting and adjustment of interest rates are a contractual matter for the parties to a credit agreement and the contract usually sets out the circumstances in which the interest rate can be changed (including, if applicable, in circumstances where the interest rate is determined by a reference rate and any associated margin) over the duration of the credit...

Written Answers — Department of Finance: Tax Code (5 Mar 2020)

Paschal Donohoe: I would like to advise the Deputy that all employees have a statutory right to claim a deduction under section 114 of the Taxes Consolidation Act (TCA) 1997 in respect of an expense incurred wholly, exclusively and necessarily in the performance of the duties of their employment, to the extent which the expenses are not reimbursed by the employer. The flat rate expense (FRE) regime is an...

Written Answers — Department of Finance: Insurance Costs (5 Mar 2020)

Paschal Donohoe: I propose to take Questions Nos. 82 and 104 together. The general problems across the country as a whole faced by many consumers and businesses in relation to the cost and availability of insurance are well known. Unfortunately, there is no single policy or legislative “silver bullet” to immediately stem or reverse premium price rises or increase capacity.  This is...

Written Answers — Department of Finance: Illicit Trade (5 Mar 2020)

Paschal Donohoe: I propose to take Questions Nos. 83 and 84 together. I am assured by Revenue that combating the threat which fuel fraud and the illicit alcohol and tobacco trades pose to legitimate business, consumers and the Exchequer continues to be a priority. Steps taken by Revenue to combat the illegal fuel trade include the introduction of stringent supply chain controls and reporting...

Written Answers — Department of Finance: Insurance Costs (5 Mar 2020)

Paschal Donohoe: I am very aware of the affordability and availability of insurance cover issues facing local community groups, including insurance coverage for events that they hold.  I have much sympathy for the position such groups find themselves in, however as the Deputy is aware, there are significant constraints on what the Government can do to immediately resolve this issue.  In this regard,...

Written Answers — Department of Finance: Tax Credits (5 Mar 2020)

Paschal Donohoe: I am advised by Revenue that it has examined the tax record of the person in question and is satisfied that they are in receipt of their correct entitlements based on the information provided by them. For tax year 2019, Revenue records indicate that the person was married but opted to be separately assessed for tax purposes for that year. They may now request a review...

Written Answers — Department of Finance: Stamp Duty (5 Mar 2020)

Paschal Donohoe: I am advised by Revenue that the Ready Reckoner, which is available on the Revenue website at link www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf, provides (on page 19) the estimated additional revenue that would be generated by increasing the rate of Stamp Duty on the portion of cost for a residential property above €1 million to 4%.

Written Answers — Department of Finance: Tax Code (5 Mar 2020)

Paschal Donohoe: The flat rate expense (FRE) regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists across an employment category and the statutory requirement for the tax deduction as set out in section 114 of the Taxes Consolidation Act (TCA) 1997 is satisfied, namely, that the expenses are wholly, exclusively and necessarily incurred in the...

Written Answers — Department of Finance: Tax Collection (5 Mar 2020)

Paschal Donohoe: Revenue has confirmed to me that the person in question filed his 2019 Income Tax return (Form 11) via the Revenue Online System (ROS) on 25 February 2020. Revenue has also confirmed that a Notice of Assessment issued to the person on 26 February and the associated tax refund issued by cheque on 28 February 2020.

Written Answers — Department of Finance: Property Tax Review (5 Mar 2020)

Paschal Donohoe: The review of the Local Property Tax was completed by the Department of Finance in conjunction with the Departments of the Taoiseach, Public Expenditure & Reform and Housing, Planning & Local Government and the Revenue Commissioners and the report was published in April last year and is available on the Department of Finance website. In accordance with its terms of...