Results 13,521-13,540 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mutual Assistance Requests (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 32 and 33 together. I am informed by Revenue that there are currently 41 open Mutual Agreement Procedure (“MAP”) cases, which relate to adjustments raised by tax authorities in Tax Treaty partner countries in respect of transfer-pricing or the attribution of profits to permanent establishments. Some of these cases are at an early stage and...

Written Answers — Department of Finance: Tax Reliefs Application (8 Oct 2019)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course, subject to the terms and conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays qualifying fees for an approved course, whether on his or...

Written Answers — Department of Finance: Tax Reliefs Data (8 Oct 2019)

Paschal Donohoe: I am informed by Revenue that the estimated yields from standard-rating discretionary tax reliefs currently available at the marginal rate are as shown in the following table. These yields are based on 2017 data, other than the estimate on the carry forward of excess reliefs under the High-Income Earners Restriction, where 2016 is the latest available year. The estimates are tentative and do...

Written Answers — Department of Finance: Tax Collection (8 Oct 2019)

Paschal Donohoe: I am advised by Revenue that it has already engaged with the person in respect of the liabilities in question and is willing to agree a payment arrangement that takes account of their personal circumstances, providing they engage on the matter. All activity in relation to the collection of outstanding liabilities from this individual has been placed on hold to allow the person time to make...

Written Answers — Department of Finance: Dormant Accounts Fund (8 Oct 2019)

Paschal Donohoe: I am informed by the National Treasury Management Agency, which manages the Dormant Accounts Fund, that at the end of December 2018, the value of the fund was €290 million.

Written Answers — Department of Finance: Credit Unions (8 Oct 2019)

Paschal Donohoe: On 28th August last, I held a meeting with the credit union representative bodies to discuss their views on the Industry Funding Levy and other credit union related matters. Over the course of the year I have also responded to direct and indirect correspondence from credit unions and representative bodies in relation to the Industry Funding Levy. The Deputy might also wish to note...

Written Answers — Department of Finance: Tax Code (8 Oct 2019)

Paschal Donohoe: I am advised by Revenue that employers are legally obliged to deduct Income Tax, Universal Social Charge (USC) and Pay Related Social Insurance from the emoluments of their employees. Any recoupment of overpaid salary by an employer from an employee is a matter between the employer and employee, including in relation to the timing and amounts of any repayments by the employee. However, the...

Written Answers — Department of Finance: Home Building Finance Ireland (8 Oct 2019)

Paschal Donohoe: Home Building Finance Ireland ('HBFI') published its half-year update in mid-July having commenced operations on 28th January 2019 (h). The key highlights to end June 2019 (after 5 months of operations) were as follows: - More than 100 Expressions of Interest received from across the country. - Over 30 full funding applications received from 17 counties. - €41m in funding approved...

Written Answers — Department of Finance: Legislative Programme (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, the need to rebuild trust in the Banking sector is a priority for this Government, and I am committed to introducing a Central Bank (Amendment) Bill that will increase individual accountability in the financial sector. The proposed legislation will drive positive changes in terms of wider banking culture, greater delegation of responsibilities, and enhanced...

Written Answers — Department of Finance: Illicit Trade in Tobacco (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 44 and 45 together. I am advised by Revenue that the annual survey carried out by Ipsos MRBI for Revenue and the Health Service Executive provides an indication of the amount of illegal tobacco products consumed in Ireland. I understand that the 2018 survey reported that 21% of the roll your own tobacco products were illegal, which is higher than in the 2017...

Written Answers — Department of Finance: Brexit Preparations (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, upon withdrawal from the EU and in the absence of a political agreement between the EU and the UK, UK (including Gibraltar) insurance undertakings, including life insurance undertakings, and insurance distributors will lose their right to conduct business by way of Freedom of Establishment (FOE) and Freedom of Services (FOS) under the EU regulatory framework....

Written Answers — Department of Finance: VAT Rate Reductions (8 Oct 2019)

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: Insurance Costs (8 Oct 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department does not collect the type of information being sought by the Deputy. Indeed, there is no official centralised source of such data within the European Union that provides for rankings in relation to insurance costs...

Written Answers — Department of Finance: Mortgage Book Sales (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 49 and 50 together. The Deputy will be aware that the reduction in the level of non-performing loans (NPLs) across European banks is a major priority for the banking regulator, the SSM. The Irish banks have made huge progress in this regard since the height of the crisis. According to the Central Bank of Ireland, the average NPL ratio of the domestic Irish...

Written Answers — Department of Finance: State Aid (8 Oct 2019)

Paschal Donohoe: I take it that the Deputy is referring to the recent report from the Comptroller and Auditor General which outlines the costs associated with the recovery process and the establishment of the escrow fund. As outlined in the report, these costs were incurred by the Department of Finance, Revenue Commissioners, Chief State Solicitor’s Office, NTMA and the Central Bank of Ireland. ...

Written Answers — Department of Finance: Vehicle Registration Data (8 Oct 2019)

Paschal Donohoe: I am advised by Revenue that while there has been a shift in purchaser behaviour from new to used cars since 2016, overall Vehicle Registration Tax (VRT) receipts have increased as set out in the following table. VRT receipts for 2019 are also expected to increase on previous years based on trends to September. However, Value-Added Tax (VAT) receipts in the sector have fallen relative to...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (8 Oct 2019)

Paschal Donohoe: I refer the Deputy to PQ 36684 of 6 September 2019. The position for teachers is the same as set out as follows: PQRef: 36684/19 Under the Public Service Stability Agreement (PSSA) 2018 – 2020, it was agreed to examine the remaining salary scale issues in respect of post January 2011 entry grades. The attached report, laid before the Houses of the Oireachtas in March 2018, estimates...

Written Answers — Department of Finance: Consumer Protection (3 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 50, 66 and 68 together. The Central Bank has responsibility for consumer protection in the industry insurance under consumer protection legislation of general application in the form of the Consumer Protection Act 2007 and the Regulations that give effect to the Directive on unfair terms in consumer contracts as well as under provisions specific to...

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

Paschal Donohoe: I met with Sir Howard Davies, Chair of the Royal Bank of Scotland (RBS), and Ms. Jane Howard, Chief Executive of its subsidiary, Ulster Bank on 18th July last.  This meeting was in line with the regular meetings that I have with the Chairs and Chief Executives of the retail banks operating in Ireland. Similarly to other meetings with retail banks, the meeting involved a...

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

Paschal Donohoe: The tax system contains a number of measures designed to assist businesses at various stages, including business start-up reliefs, entrepreneur reliefs and incentives to assist businesses to undertake research and development activities.  Summary details of some of the main measures are set out below, and further information is available on the Revenue website at . CGT Entrepreneur...