Results 14,121-14,140 of 32,960 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Central Bank of Ireland Data (11 Jul 2019)

Paschal Donohoe: The Central Bank has provided me with the following information in respect of the number employed by the Central Bank each month since the start of 2016: 2016  DIRECTORATE JAN FTE FEB FTE MAR FTE APRIL FTE MAY FTE JUN FTE JUL FTE AUG FTE SEP FTE OCT FTE NOV FTE DEC FTE ECONOMICS 99.3 98.1 99.1 100.1 102.1 100.1 101.1 100.5 100.5 102.5 100.5 100.5 FINANCIAL OPERATIONS 77.8...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (11 Jul 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions.  I have no role in the day to day workings of the office or in the decisions which he takes. The Office of the Financial Services and Pensions Ombudsman (FSPO) was established on 01 January 2018 to resolve complaints from consumers,...

Written Answers — Department of Finance: NAMA Operations (11 Jul 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA recently revised its projected surplus to be returned to the State to €4 billion subject to market conditions prevailing. The realisation of this surplus also depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and residential funding programmes. Based on the end 2018 projected surplus...

Written Answers — Department of Finance: Tax Credits (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 174 and 175 together. I note that the Deputy previously received a response to these two questions in Parliamentary Questions 54 and 55 of 30 May 2019. No further data has become available in respect of these reliefs since 30 May. I am advised by Revenue that the annual cost of the Research and Development (R&D) tax credit and the number of companies...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jul 2019)

Paschal Donohoe: It is assumed the Deputy is referring to Capital Gains Tax (CGT) Entrepreneurial Relief as provided for in section 597AA of the Taxes Consolidation Act 1997. This provision was introduced in the Finance Act 2015 and provides relief from Capital Gains Tax for individuals disposing of business investments in certain circumstances. Statistics on the numbers availing of the Relief, and the cost...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jul 2019)

Paschal Donohoe: The following table sets out the Exchequer cost of the Special Assignee Relief Programme (SARP) for each of the years 2012 to 2016. 2012   2013 2014 2015 2016 €0.1 million  €1.9 million €5.9 million €9.5 million  €18.1 million Currently, 2016 is the most recent year for which data are available. For individuals to qualify...

Written Answers — Department of Finance: Tax Deduction Systems (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the annual costs of the Foreign Earnings Deduction (FED) for 2012 to 2016, the latest year for which figures are currently available, are as follows: 2016 €m 2015 €m 2014 €m 2013 €m 2012  €m 3.5 3.2 1.1 1 0.8 . Revenue further advise me that FED is an allowance applied for by employees...

Written Answers — Department of Finance: Revenue Commissioners (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that 10 companies granted share options under the Key Employee Engagement Programme (KEEP) to 87 key employees during 2018 (the first year of the scheme). Generally, a key employee must hold the option for 12 months prior to exercise, and, therefore, 2019 will be the earliest date that individuals exercise their options to acquire shares in qualifying companies....

Written Answers — Department of Finance: Employment Investment Incentive Scheme (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that a report on the Employment and Investment Incentive (EII) can be found at . The report contains statistics on the number of companies availing of the scheme and the cost to the Exchequer up to 2017, the latest year for which data are currently available. The following table sets out the Exchequer costs and the companies availing of the incentive: Year 1st ...

Written Answers — Department of Finance: Startup Funding (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the latest information on the cost and number of individuals availing of the Start Up Refunds for Entrepreneurs (SURE) scheme can be found at . The most recent year for which data are currently available is 2016, it is expected that 2017 will be available in the coming weeks at the same link. The following table sets out the Exchequer cost and number of...

Written Answers — Department of Finance: Tax Appeals Commission (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 182 to 185, inclusive, together. The Tax Appeals Commission (“TAC”) was established on 21st March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers appealed directly to Revenue who then transferred cases to the Appeal Commissioners if and when they proceeded to...

Written Answers — Department of Finance: Carbon Budget (11 Jul 2019)

Paschal Donohoe: The Economic and Social Research Institute (ESRI) and the Department of Finance operate a joint research programme on various macroeconomic and taxation issues in Ireland. Under this programme, the ESRI produced research on the carbon tax in 2018, including on the distributional impacts of a once-off increase in the tax. The research found that households at all income levels will face...

Written Answers — Department of Finance: Departmental Data (11 Jul 2019)

Paschal Donohoe: I wish to inform the Deputy that there are no income streams paid by persons directly to my Department. One of the seventeen bodies under the remit of my Department, the Office of the Revenue Commissioners, has such an income stream in the form of the Local Property Tax (LPT). In 2018, approximately 735,000 property owners (53% of LPT property owners) made payments on an annual basis...

Written Answers — Department of Finance: Project Ireland 2040 (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 188, 189 and 192 together. I wish to inform the Deputy that neither my Department nor the 17 bodies under the aegis of my Department currently have any capital projects or expenditures under Project Ireland 2040. However, one of the bodies under the aegis of my Department, the National Treasury Management Agency, through the National Development Finance Agency...

Written Answers — Department of Finance: Tax Data (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 190 and 191 together. Regarding Question 30928-19, the following Table sets out the number of End of Year Statements (P21) that issued to PAYE taxpayers for the years 2010 to 2018.  Tax Year Total Issued Value of Underpayments € Value of Overpayments € 2010 1,073,269 112,362,206 431,694,623 2011 1,061,964 109,910,663...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (11 Jul 2019)

Paschal Donohoe: I am advised by the Central Bank that it does not publish details of ongoing enforcement investigations.  However, as part of the Tracker Mortgage Examination (), the Bank confirmed that in parallel with its supervisory work, enforcement proceedings commenced against six lenders: permanent tsb plc; Ulster Bank Ireland DAC; Bank of Ireland Group (The Governor and...

Written Answers — Department of Finance: Financial Services Sector (11 Jul 2019)

Paschal Donohoe: I regret it was not possible to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Tax Code (11 Jul 2019)

Paschal Donohoe: As I have stated in response to previous questions on the subject, my officials will set out analysis and options in relation to betting duty at the Tax Strategy Group (TSG) meeting in July. The TSG Papers will be published on the Department's website shortly afterwards. 

Written Answers — Department of Finance: Tax Reliefs Data (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the latest information on the number of taxpayer units benefiting from relief in respect of qualifying third level education fees, as well as the estimated total cost to the Exchequer can be found at https://www.revenue.ie/en/corporate/information-about-revenu e/statistics/tax-expenditures/costs-expenditures.aspx.  The most recent year for which data are...

Written Answers — Department of Finance: Tax Collection (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that it recently carried out a comprehensive review of the person’s tax situation and calculated that they overpaid their liabilities in 2019 (year to date) and in 2016, 2017 and 2018. The over payments occurred due to the incorrect allocation of tax credit entitlements. Revenue has amended the person’s tax records for 2019 to reflect their correct...