Results 15,081-15,100 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: IBRC Legal Cases (17 Sep 2019)

Paschal Donohoe: The information requested is not held by the Department of Finance. I am advised by the Special Liquidators that the records of the cases concluded in the courts before their appointment and pre-special liquidation are not readily available and it would be a very significant and burdensome exercise to complete not only in terms of costs but also regarding the time it would take to assess the...

Written Answers — Department of Finance: IBRC Expenditure (17 Sep 2019)

Paschal Donohoe: The total professional fees associated with the Special Liquidation from 7th February 2013 to 31st December 2018 are €258.054 million (gross).  The fees and all other costs associated with the Special Liquidation are outlined in detail in the latest IBRC Progress update report to 31 December 2018(“the Report”) issued by the Special Liquidators on 22 May 2019. This...

Written Answers — Department of Finance: IBRC Expenditure (17 Sep 2019)

Paschal Donohoe: I am advised by the Special Liquidators that any cases that IBRC has settled concerning the mis-selling of swaps and investments are subject to strict confidentiality agreements between the parties, which prohibit disclosure of any details pertaining to the settlement, and which also includes costs.

Written Answers — Department of Finance: Brexit Preparations (17 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the majority of businesses with UK imports or exports valued in excess of €1 million have an EORI number. As per Table 1 and Table 2 below, 205 businesses with imports and 60 businesses with exports in excess of €1 million do not have an EORI number. As part of its ongoing multi-layered trader engagement programme, Revenue wrote to these businesses...

Written Answers — Department of Finance: Vehicle Registration (17 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing 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: VAT Rate Application (17 Sep 2019)

Paschal Donohoe: Irish VAT law does not zero rate food supplement products and under EU VAT law Ireland is precluded from introducing such a provision. The zero rate for food and drink is provided for under a derogation from EU VAT law which allows Member States to retain certain zero rates for goods and services which were expressly covered in their national VAT legislation on 1 January 1991. The legislative...

Written Answers — Department of Public Expenditure and Reform: Financial Emergency Measures in the Public Interest Acts (17 Sep 2019)

Paschal Donohoe: Section 12 of the Financial Emergency Measures in the Public Interest Act 2013 (No. 18 of 2013) requires the Minister for Public Expenditure and Reform to, in respect of the Financial Emergency Measures in the Public Interest Act 2009 (No. 5 of 2009), the Financial Emergency Measures in the Public Interest (No. 2) Act 2009 (No. 41 of 2009), the Financial Emergency Measures in the Public...

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Remit (17 Sep 2019)

Paschal Donohoe: The Freedom of Information Act 2014 greatly expanded the number of organisations that are subject to the legislation, setting out broad criteria at section 6 by which it may be determined whether or not a body is subject to FOI.  At present, approximately 600 organisations are subject to FOI, which is designed to promote openness, transparency and accountability of the public...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (17 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 151 and 152 together. I would advise both Deputies that pensions for An Garda Síochána are a matter for the Minister for Justice and Equality. However, as the matter raised relates to pension policy for the public service generally, I will address the questions raised. Firstly, I should clarify that retirement lump sum payments made under...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I thank the Chairman and the committee for the opportunity to be here today. The budget will build upon the parameters outlined in the summer economic statement. Regarding the economic backdrop, the Irish economy continues to grow at a robust pace. Gross domestic product, GDP, growth of 8.2% was recorded in 2018 while growth of 3.9% is forecast for this year. We have one of the...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I thank the Deputy. On his point about the CO2 testing regime and the consequences for the motor industry in Ireland, I met the Society of the Irish Motor Industry, SIMI, the representative body for car dealerships in Ireland, and we had a lengthy discussion on its concerns about the impact of introducing tax payments based on the real-time emissions of cars. We also had a lengthy...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: We will probably do it in a staged approach but we are debating that at the moment. If we continue in a deal environment or an agreement environment next year, we will point to the level of surplus we will have. We would expect a growth in our first surplus of this year into next year. We will be outlining in the budget documentation the predicted outcome in respect of our national...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: There will be one set of official statistics but they will have a contingency within them.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: That is my current thinking on the issue. We will not be producing two sets of accounts.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: Yes. We are taking a cautionary approach within the €2.8 billion but, as I have outlined, I expect that additional measures will be needed in the case of a no-deal Brexit.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I am saying that if we find ourselves in the position where we have to deal with a no-deal Brexit, additional measures will be needed which will, in all likelihood, amount to more than the €700 million.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: No, I would outline the measures on budget day.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I will obviously be looking to constrain the extra amount because I want to get the balance right. We must put in place the right measures that are needed to support the economy. A considerable fund will potentially be needed to do that, but, at the same time, we need to put in place measures that will be temporary and targeted in order that we will be in a position to move from that level...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I will correct one thing. The Deputy mentioned a deficit of €5 billion. That is not the case. We anticipate a swing of up to €5 billion to €6 billion if we were to go all the way to 1.5% of national income. The work on the composition of the additional measures is not yet done. I am engaged with the Department of Agriculture, Food and Marine, the Department of...

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: At this point, we are talking about an amount in the hundreds of millions of euro. but we are in the early stages of confirming this with the Departments I have mentioned.