Results 15,501-15,520 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Bank Charges (9 Apr 2019)

Paschal Donohoe: In fulfilling its statutory role under Section 149 of the Consumer Credit Act, 1995 (the Act), I understand that the Central Bank assesses each notification received from a credit institution pursuant to the Act, where they wish to introduce any new customer charge or increase any existing customer charge in respect of certain services, in accordance with the specific assessment criteria set...

Written Answers — Department of Finance: Financial Transactions Tax (9 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 149 and 150 together. Both questions appear to refer to the model of Financial Transactions Tax (FTT) proposed by the European Commission, initially in 2011 and then revised under the EU’s enhanced cooperation procedure in February 2013. The proposed rate on exchanges of shares was 0.1% and the proposed rate for derivative transactions was 0.01%. ...

Written Answers — Department of Finance: Tax Code (9 Apr 2019)

Paschal Donohoe: The legislation governing the tax treatment of pensions is contained in Part 30 of, and Schedules 23 to 23C to, the Taxes Consolidation Act 1997. In addition, the Revenue Pensions Manual gives general guidance on, among other things, how this legislation is to be applied. Revenue rules in relation to “Increases of Pensions in Payment” are set out in Chapter 6.8 of the...

Written Answers — Department of Finance: VAT Rebates (9 Apr 2019)

Paschal Donohoe: Value Added Tax (Refund of Tax) (No. 15) Order 1981 provides for payment of VAT to a “disabled person”, as defined in the Order, in respect of VAT on qualifying goods which are supplied to or imported by the person. To qualify for this payment, the disabled person must provide an invoice in respect of the goods supplied or a receipt for VAT paid on importation of those goods....

Written Answers — Department of Finance: Tax Code (9 Apr 2019)

Paschal Donohoe: I am advised by Revenue that, for tax years up to and including 2018, Regulation 27 of the Income Tax (Consolidated) Employments Regulations 2001 imposes a statutory obligation on employers to issue a P60 certificate to all employees who are in employment on 31 December in the tax year. The P60 for a tax year contains details of annual pay, tax, USC and PRSI deductions and is required to be...

Written Answers — Department of Finance: Revenue Commissioners (9 Apr 2019)

Paschal Donohoe: I am advised by Revenue that it has recently reviewed the tax affairs of the persons in question to ensure they have received their full tax credit entitlements. The review identified some underpayments of tax, which Revenue has agreed to collect over an extended number of years to minimise the financial burden on the persons. Revenue has also confirmed that it has been in direct contact...

Written Answers — Department of Finance: Brexit Preparations (9 Apr 2019)

Paschal Donohoe: I, as Minister for Finance, will focus on the latter part of the question. The joint ESRI and Department of Finance estimates of the potential macroeconomic impacts of Brexit on the Irish economy was published on 26th March. Given both the political and economic uncertainty, a range of alternative scenarios are considered. This new study finds that, compared to a no Brexit baseline, the...

Written Answers — Department of Finance: Retail Sector (9 Apr 2019)

Paschal Donohoe: Article 62 of the revised EU Payment Services Directive (PSD2) contains a prohibition on surcharging - the practice where a merchant charges an extra fee for receiving a payment made using a payment card. That Article provides that a payee shall not request charges for the use of a payment instrument for which interchange fees are regulated under Chapter II of the EU Interchange Fee...

Written Answers — Department of Finance: VAT Rate Application (9 Apr 2019)

Paschal Donohoe: As the Deputy will be aware, Budget 2019 increased the VAT rate from 9% to 13.5% with effect from 1 January 2019 for the majority of tourism goods and services. This was on the basis of economic analysis which indicated these goods and services were driven by income growth more than price. However, I decided to retain newspapers at the 9% VAT rate in order to assist national and...

Written Answers — Department of Finance: Tax Reliefs Abolition (9 Apr 2019)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow us to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations. The measure provides income tax relief on a portion of income earned by employees, who are assigned...

Written Answers — Department of Finance: Tax Credits (9 Apr 2019)

Paschal Donohoe: I am advised by Revenue that information in respect of the annual cost of the Research and Development (R&D) tax credit is available for all years up to 2016 at link, . The publication includes information on the cost of payable tax credits for each of these years. Information in respect of 2017 should be available later in 2019. Where a company has insufficient Corporation Tax...

Written Answers — Department of Finance: Revenue Commissioners (9 Apr 2019)

Paschal Donohoe: I am advised by Revenue that it operates an appointments service at many of its public offices, including the Sligo office. The appointments service facilitates taxpayers in meeting Revenue officials at a time that best suits individual circumstances and removes the potential for delays or queueing. Revenue has also assured me that the circumstances of elderly taxpayers or those with long...

Written Answers — Department of Finance: Property Tax Data (9 Apr 2019)

Paschal Donohoe: I am advised by Revenue that the number of properties for which exemptions have been claimed are set out in the table by exemption type and show the latest data available at 31 December 2018. EXEMPTION TYPE To end 2018 - No. (000s) Charitable bodies (recreational activities) 0.2 Charitable bodies (special needs accommodation) 7.7 Registered nursing homes 0.3 Properties vacated because...

Written Answers — Department of Finance: Statutory Instruments (9 Apr 2019)

Paschal Donohoe: The original version of S.I. No. 125 of 2009 is stored securely in the Compliance Unit of the Department of Finance.

Written Answers — Department of Finance: Financial Services Sector (9 Apr 2019)

Paschal Donohoe: Regulation (EC) No. 1606/2002 of the European Parliament (the Regulation) requires all listed European companies to prepare their consolidated financial accounts in accordance with EU adopted International Financial Reporting Standards (IFRS) - formerly known as International Accounting Standards (IAS) - for accounting periods commencing on or after 1 January 2005. The accounting standard...

Written Answers — Department of Finance: Brexit Issues (9 Apr 2019)

Paschal Donohoe: The Deputy appears to be referring to the VAT Retail Export Scheme in his question whilst conflating same with Duty Free Sales, post Brexit. The UK’s status as a third country, post Brexit, has the consequence of Duty Free sales and the VAT Retail Export Scheme applying on passenger traffic between the UK and EU. It was hoped that such matters would form part of future...

Written Answers — Department of Finance: Trade Data (9 Apr 2019)

Paschal Donohoe: A breakdown of individual goods export and import transactions to and from the UK for 2018 is not available from the CSO. However the Central Statistics Office’s (CSO) statistical releases on external trade show that, in 2018, Ireland exported €16.1 billion worth of goods to the UK, and imported €19.8 billion worth of goods from the UK. This represents 11% of total goods...

Written Answers — Department of Finance: Trade Data (9 Apr 2019)

Paschal Donohoe: A breakdown of goods export and imports transactions to and from the UK by company, individual and firm level is not available from the Central Statistics Office (CSO). However, the CSO has produced a detailed insight into Ireland’s trade with the UK in terms of enterprise size, in their publication titled ‘Irish Traders and the UK 2016’released onthe 3rdof October 2018....

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (9 Apr 2019)

Paschal Donohoe: This issue relates to a claim by community employment supervisors and assistant supervisors who have been seeking, through their union representatives, the allocation of Exchequer funding to implement a 2008 Labour Court recommendation relating to the provision of a pension scheme. The matter was the subject of discussion at the Community Sector High Level Forum which was reconvened to...

Written Answers — Department of Public Expenditure and Reform: Shared Services (9 Apr 2019)

Paschal Donohoe: I am informed by the National Shared Services Office that a design review of the new financial management technology platform was completed recently. This has highlighted a number of process and technical opportunities for improvement of the single finance platform for Government to ensure a quality shared services solution. The programme team are now assessing these opportunities to see what...