Results 15,581-15,600 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Greenhouse Gas Emissions (28 Mar 2019)

Paschal Donohoe: Decisions on tax policy take place every year as part of the annual budgetary process. The Environmental Taxes paper prepared annually for the Tax Strategy Group contains analysis on the tax policy options and this helps inform subsequent budget decisions. As the Deputy will be aware, the Joint Oireachtas Committee on Climate Action was established in 2018 to consider the third report and...

Written Answers — Department of Finance: Credit Availability (28 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 56 to 58, inclusive, together. The majority of hire purchase agreements, such as PCPs, are provided to consumers through credit intermediaries. Under the Consumer Credit Act 1995, credit intermediaries are authorised by the Competition and Consumer Protection Commission (CCPC) and when performing intermediary functions credit intermediaries are required to...

Written Answers — Department of Finance: Legal Costs (28 Mar 2019)

Paschal Donohoe: Notwithstanding that the Government profoundly disagrees with the Commission's analysis in the Apple State aid case, the full recovery of the alleged State aid from Apple has been completed with approximately €14.3 billion deposited into the Escrow Fund. The funds will remain in the Escrow Fund pending a final determination in the European Courts over the validity of the Commission's...

Written Answers — Department of Finance: Central Bank of Ireland Data (28 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 60 and 61 together. The Central Bank of Ireland has advised that Table A.6 of the Bank’s Credit, Money and Banking Statistics includes both on-balance sheet loans for house purchase (column E) and loans for house purchase derecognised from the balance sheet of an Irish resident bank in a securitisation transaction where the servicing rights of the loan...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (28 Mar 2019)

Paschal Donohoe: Section 477C of the Taxes Consolidation Act 1997 provides for the Help to Buy incentive (HTB), which came into effect on 19 July 2016 and is due to expire on 31 December 2019. The information sought by the Deputy in terms of numbers of recipients of support by county is not immediately available. I will provide that information to the Deputy as soon as may be. In the meantime, data on the...

Written Answers — Department of Finance: Mortgage Repayments (28 Mar 2019)

Paschal Donohoe: Officials in the Department of Finance have received the following reply from the Central Bank of Ireland in response to the Deputy’s question: “The Central Bank of Ireland (‘Central Bank’) is aware of the error and is engaging with Bank of Ireland. We cannot comment on the specifics of any individual firm. “Errors by regulated financial services firms...

Written Answers — Department of Finance: Pension Provisions (28 Mar 2019)

Paschal Donohoe: I will respond to the Deputy's question in relation to the Central Bank of Ireland, however, the Pensions Authority is under the aegis of the Minister for Employment Affairs and Social Protection, and therefore any related queries should be directed to my colleague Minister Regina Doherty. The Central Bank of Ireland does have a consumer protection role in respect of pension providers. For...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (28 Mar 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that the calculation of mortgage repayments and mortgage arrears are carried out by regulated entities in line with the terms and conditions of the loan agreement and any alternative repayment arrangement agreed with the borrower respectively. The Central Bank’s Statutory Codes of Conduct, including the Consumer Protection Code 2012...

Written Answers — Department of Finance: Brexit Preparations (28 Mar 2019)

Paschal Donohoe: In September 2018, the Government granted approval in principle for the phased recruitment of an additional 600 Revenue staff to meet the challenges posed by Brexit. Budget 2019 provided Revenue with the funding needed for 270 of the additional 600 staff to be recruited during 2019 to manage an orderly UK withdrawal. Following the Government decision to give greater priority to the...

Written Answers — Department of Finance: Brexit Issues (28 Mar 2019)

Paschal Donohoe: At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, my Department does not collect the type of information being sought by the Deputy. The day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland, and so I have consulted with it in respect of...

Written Answers — Department of Finance: Personal Injury Claims (28 Mar 2019)

Paschal Donohoe: At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, neither my Department nor the Central Bank of Ireland collect the type of information being sought by the Deputy. Currently, the only public information available in relation to awards are those settled by PIAB, and those...

Written Answers — Department of Finance: Stability Programme Update (28 Mar 2019)

Paschal Donohoe: The draft Stability Programme Update 2019 (SPU) will be published in mid-April. In accordance with the requirements of the European Semester, the final SPU will be submitted to the European Commission by 30thApril 2019.

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2019)

Paschal Donohoe: The Department of Finance carried out a review of policy in relation to flood insurance in 2016, which formed part of the Interdepartmental Flood Policy Coordination Group Interim Report, as approved by Government in November 2016. As part of the review, the Department examined a number of possible approaches including approaches in other jurisdictions. This work included examination of an...

Written Answers — Department of Finance: Tax Code (28 Mar 2019)

Paschal Donohoe: I am advised by Revenue that a company may claim capital allowances on capital expenditure, which it incurs on plant and machinery, at a rate of 12.5% per year over 8 years. In order to qualify for capital allowances, the plant and machinery must be in use at the end of the company’s accounting period and in use for the purposes of its trade. With regard to health and safety...

Written Answers — Department of Finance: Insurance Costs (28 Mar 2019)

Paschal Donohoe: My officials discussed issues arising from your question with Insurance Ireland, who stated at the outset that ultimately matters related to payment method options are contractual ones which rest between the individual insurance provider and policyholder. Insurance Ireland also pointed out that the majority of personal consumer insurance products can be paid in instalments and that it...

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2019)

Paschal Donohoe: My officials consulted with both the Central Bank of Ireland and Insurance Ireland on the Deputy’s question. From that engagement, I understand that neither body are aware of any models in other jurisdictions by which companies that are unable to obtain an insurance quote can avail of insurance similar to the Declined Cases Agreement. The Bank has also advised that there is no formal...

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (28 Mar 2019)

Paschal Donohoe: The Public Spending Code is reviewed on an ongoing basis to ensure that it continues to reflect best practice in project appraisal and evaluation and to ensure value for money in the use of public funds. In particular, there has been extensive and ongoing review in relation to capital projects over recent months. I anticipate that this major phase of review of the Public Spending Code will be...

Written Answers — Department of Public Expenditure and Reform: Sports Organisations (28 Mar 2019)

Paschal Donohoe: Article 33(1) of the Constitution requires the Comptroller and Auditor General (C&AG) to control all disbursements on behalf of the State: “There shall be a Comptroller and Auditor General to control on behalf of the State all disbursements and to audit all accounts of moneys administered by or under the authority of the Oireachtas.” Pursuant to Article 33(4) of the...

Civil Registration Bill 2019: Instruction to Committee (27 Mar 2019)

Paschal Donohoe: I move:That, pursuant to Standing Order 154, it shall be an instruction to the Committee to which the Civil Registration Bill 2019 may be recommitted in respect of certain amendments to provide that the Committee has power to make provision in the Bill in relation to section 27 of the Children and Family Relationships Act 2015 for the issuance of certificates by donor-assisted human...

Written Answers — Department of Finance: Insurance Costs (27 Mar 2019)

Paschal Donohoe: My understanding is that the main reason for the difficulties being faced by the play centre sector is due to a lack of capacity in the insurance market which I understand has been driven to some degree by the overall claims level in the sector. In determining their willingness to enter into or remain in a particular sector of the market, insurers will generally make an assessment of what...