Results 12,621-12,640 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Data (4 Dec 2019)

Paschal Donohoe: The table below sets out the number of Freedom of Information requests received by my Department from 2016 to date. The following table includes information on the number of requests that were refused, the number of requests that were partially granted, the number of appeals (Internal Reviews), the number of such appeals upheld and the number of appeals whereby the decision to release...

Written Answers — Department of Finance: Pensions Reform (3 Dec 2019)

Paschal Donohoe: The Deputy may be aware that the Government published A Roadmap for Pensions Reform 2018 – 2023 in February 2018, which contains in Strand 3, “Improving Governance and Regulation”, a plan for a broad review of the utilisation and regulation of the ARF option. This review has been conducted by the Interdepartmental Pensions Reform and Taxation Group (IDPRTG), which is...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (3 Dec 2019)

Paschal Donohoe: Within the remit of the Central Bank of Ireland’s (the Central Bank) responsibilities for safeguarding stability and protecting consumers, its approach to mortgage arrears resolution is focused on ensuring the fair treatment of borrowers through a strong consumer protection framework and ensuring that regulated entities have appropriate arrears resolution strategies and operations in...

Written Answers — Department of Finance: Vehicle Registration (3 Dec 2019)

Paschal Donohoe: To register an imported used car, a person must produce the ‘foreign registration certificate’ or ‘certificate of de-registration’ as issued by the relevant registration authority in the ‘exporting’ State. The procedures for registering an imported used car and the documents required are clearly set out on Revenue’s website at and the NCTS...

Written Answers — Department of Finance: Tax Data (3 Dec 2019)

Paschal Donohoe: I am advised by Revenue that prior to 2018, tax returns did not identify Flat Rate Expenses (FREs) separately from other expense items. Therefore, the detailed breakdown of claimants sought by the Deputy is not available at this time. For 2017 the estimated total number of taxpayer units who availed of FRE allowances was 606,570 with gross claims of €163 million equating to a tax cost...

Written Answers — Department of Finance: Exchequer Revenue (3 Dec 2019)

Paschal Donohoe: My Department's latest forecasts, contained inBudget 2020 Economic & Fiscal Outlook, project Exchequer revenue and expenditure over the years 2020 to 2024 inclusive. Budget 2020 was underpinned by the assumption of a disorderly Brexit. As such, due to the operation of automatic stabilisers, the impact of Brexit contingency expenditure and other factors, the Exchequer is projected to...

Written Answers — Department of Finance: Tax Code (3 Dec 2019)

Paschal Donohoe: Over the past 18 months, Revenue has been conducting a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime. Revenue has advised me that the purpose of the FRE review, which involved engagement with relevant representative bodies, is to ensure that the expenses granted to each employment category remain justified and appropriate to modern day employments and...

Written Answers — Department of Finance: Financial Services Regulation (3 Dec 2019)

Paschal Donohoe: I am advised by the Central Bank that OHA (UK) LLP is an Alternative Investment Fund Manager authorised by the Financial Conduct Authority in the UK providing services & activities in Ireland on a cross-border basis in accordance with the provisions of the European Union (Alternative Investment Fund Managers) Regulations 2013. As an authorised Alternative Investment Fund Manager, OHA...

Written Answers — Department of Finance: Departmental Reports (3 Dec 2019)

Paschal Donohoe: The Deputy will find the information requested in relation to external consultant reports commissioned by my Department in each of the years March 2011 to 2018 and to date in 2019 in the table attached in the following link. ">Response

Written Answers — Department of Finance: VAT Payments (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 128 to 130, inclusive, and 145 together. I have previously outlined the rationale for the changes I have made to the VAT Retail Export Scheme in the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019(the Brexit Act). This scheme enables visitors that are resident outside the EU to benefit from VAT relief on goods...

Written Answers — Department of Finance: Exchequer Returns (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 131, 132, 134 and 135 together. The Government decided in September that Budget 2020would be based on the assumption of a disorderly Brexit at end-October. Given the information available at the time this was the safest and most appropriate option to take. Since I published Budget 2020, the risk of the UK departing the EU this year without a deal has been...

Written Answers — Department of Finance: Fiscal Data (3 Dec 2019)

Paschal Donohoe: As the Deputy is aware the Department of Finance's macro-economic and fiscal projections currently cover the period to 2024. These set out that general government gross fixed capital formation will be c.2.5 per cent of GDP. Using the more appropriate measure of the Irish economy, this is equivalent to an average of 4.4 per cent of modified GNI (GNI*). The nominal amounts equivalent to 3 per...

Written Answers — Department of Finance: General Government Debt (3 Dec 2019)

Paschal Donohoe: My Department's latest forecasts, published in Budget 2020 Economic & Fiscal Outlook, project the cost of general government borrowing in each of the years 2020 to 2024. These costs are outlined in nominal terms in table 12 and the average interest rate is given in table 14. Forecasts for 2025 are not yet available. I have set out both in the following link for your convenience. ...

Written Answers — Department of Finance: Banking Sector (3 Dec 2019)

Paschal Donohoe: As the Deputy is aware, my Department in conjunction with the Department of Rural and Community Development, issued a report on Local Public Banking in Ireland last year. The report concluded that there is not a compelling case for the State to establish a new local public banking system based on the German Sparkassen model in Ireland. However, a commitment was given in the report that...

Written Answers — Department of Finance: VAT Rate Application (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 138 to 141, inclusive, together. VAT on goods and services is subject to EU VAT law, with which Irish VAT law must comply. The VAT Directive provides that EU Member States may apply either one or two reduced rates of VAT to certain goods and services. As Ireland already has two reduced rates in place (9% and 13.5%), one would have to be removed before a new...

Written Answers — Department of Finance: Tax Code (3 Dec 2019)

Paschal Donohoe: For the purposes of Capital Acquisitions Tax (CAT), the relationship between the person who provides the gift or inheritance and the person who receives the gift or inheritance determines the lifetime tax-free threshold (the Group Threshold) below which gift or inheritance tax does not arise. CAT applies, at a rate of 33%, on the excess over the tax free threshold. As CAT is generally payable...

Written Answers — Department of Finance: Corporation Tax (3 Dec 2019)

Paschal Donohoe: There is no proposal currently under discussion with regard to a minimum effective corporate tax rate within the European Union. As the Deputy will be aware however, discussions on the concept of minimum effective corporate tax rates are currently underway at the OECD as part of wider work looking at the tax challenges of digitalisation. The discussions at OECD will likely feed into future...

Written Answers — Department of Finance: Legislative Measures (3 Dec 2019)

Paschal Donohoe: Twenty-eight Bills sponsored by the Department of Finance were enacted between 1 November 2013 and 30 November 2019, as per the table in the following link. ">Lists of Acts sponsored by Minister for Finance

Written Answers — Department of Finance: Banking Sector Data (3 Dec 2019)

Paschal Donohoe: In response to the Deputy’s question, the following table provides the current position in relation to the amounts injected into the State invested banks, cash received to date in the form of disposal proceeds, investment income and liability guarantee fee income, and the most up-to-date valuation of the remaining equity stakes: AIB BOI PTSB ...

Written Answers — Department of Finance: NAMA Bonds (3 Dec 2019)

Paschal Donohoe: The National Asset Management Agency (NAMA) was established in December 2009 as part of the State’s response to the 2008 banking crisis. NAMA paid the banks €31.8 billion for the assets it acquired with €30.2 billion of consideration provided by way of government guaranteed (senior) bonds and a further €1.6 billion in subordinated debt. NAMA redeemed all of its...