Results 16,261-16,280 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Real Estate Fund (21 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 186 and 188 together. Finance Act 2016 introduced the Irish Real Estate Funds (IREFs) regime. The regime provides that the profits arising to an Irish fund from Irish property remain within the charge to Irish tax. An IREF is an investment undertaking where 25% or more of the value of the assets is derived from real estate assets in the State. Generally,...

Written Answers — Department of Finance: Tax Data (21 May 2019)

Paschal Donohoe: I am advised by Revenue that tax returns do not record the onshoring of assets (or the year in which onshoring occurred). The available information is the amounts of capital allowances claimed in respect of intangible assets. The 80% cap on capital allowances was re-introduced in Finance Bill 2017 and it applies to all intangible assets acquired from 11 October 2017. It is important to...

Written Answers — Department of Finance: Corporation Tax Regime (21 May 2019)

Paschal Donohoe: Corporation Tax Loss Relief is provided for by Section 396 of the Taxes Consolidation Act (TCA) 1997. It allows for losses incurred in the course of business to be accounted for when calculating tax liabilities. Loss relief for corporation tax is a long standing feature of the Irish Corporate Tax system and is a standard feature of Corporation Tax systems in all OECD countries.  ...

Written Answers — Department of Finance: Corporation Tax Regime (21 May 2019)

Paschal Donohoe: In September 2018, I published Ireland’s Corporation Tax Roadmap. This roadmap takes stock of the changing international tax environment, outlines the actions Ireland has taken to date and the further actions that will be taken over the coming years to ensure that our corporation tax code is line with international best practices.  It outlines the various commitments we have made...

Written Answers — Department of Finance: Financial Services Sector (21 May 2019)

Paschal Donohoe: Section 126AA of the Stamp Duties Consolidation Act 1999 imposes an annual levy on certain financial institutions on the basis of the amount of deposit interest retention tax (DIRT) payable by them in a specified ‘base’ year. The levy is intended to raise a fixed annual yield of €150M.  In relation to the years 2017 and 2018, a rate of 59% was required to yield...

Written Answers — Department of Finance: Financial Services Regulation (21 May 2019)

Paschal Donohoe: The Central Bank's total funding requirement for financial regulation activity is determined on an annual basis by the resources required to discharge its legal responsibilities under domestic and EU law.  Section 32D and 32E of the Central Bank Act 1942, as amended, provide that the Central Bank Commission may make regulations relating to the imposition of levies and fees on the...

Written Answers — Department of Finance: Pensions Data (21 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 194 to 198, inclusive, together. Regarding Questions 21951/19, 21952/19 and 21955/19, I am advised by Revenue that the Ready Reckoner, available at link www.revenue.ie/en/corporate/information-about-revenue/statis tics/ready-reckoner/index.aspx, shows, on page 11, the estimated cost or yield from changing combinations of (i) the maximum tax relief available on...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (21 May 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland (Central Bank) that in line with their mission of safeguarding stability and protecting consumers, the Central Bank's work on mortgage arrears spans its consumer protection, prudential supervision, and financial stability roles. Within the remit of the Central Bank’s responsibilities, the approach to mortgage arrears...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (21 May 2019)

Paschal Donohoe: The Code of Conduct on Mortgage Arrears (CCMA) is already a statutory Code that was put in place to ensure that lenders have fair and transparent processes in place for dealing with borrowers in or facing mortgage arrears.  Section 117 of the Central Bank Act 1989 provides the Central Bank with the power to impose Codes of Conduct, including the CCMA.  I am advised by the...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (21 May 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that Provision 39 of the Code of Conduct on Mortgage Arrears (CCMA) requires that a regulated entity must explore all of the options for alternative repayment arrangements that are offered by that particular regulated entity.  These options may include the types of alternative repayment arrangements outlined in Provision 39 (a) to...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (21 May 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that the Code of Conduct on Mortgage Arrears 2013 (CCMA) seeks to ensure that lenders have fair and transparent processes in place for dealing with borrowers in or facing mortgage arrears. All cases must be handled sympathetically and positively by the lender, with the objective at all times of assisting the borrower to meet his or her...

Written Answers — Department of Finance: Loan Books Purchasers (21 May 2019)

Paschal Donohoe: I am advised by the Central Bank that while there is no specific provision in the Central Bank’s codes which requires that a full file be received by the loan purchaser from the original lender, the General Principles of the Central Bank’s Consumer Protection Code 2012 provide that “a regulated entity must ensure that in all its dealings with customers and within the...

Written Answers — Department of Public Expenditure and Reform: Early Retirement Scheme (21 May 2019)

Paschal Donohoe: The terms and conditions as set out in the Collective Agreement on Redundancy Payments of June 2012, included a ban on public service re-employment for beneficiaries for two years and, thereafter, the prior consent of the Minister for Public Expenditure and Reform was required. In addition the Voluntary Redundancy Schemes of 2010 in the Health Sector also required the consent of the Minister...

Written Answers — Department of Public Expenditure and Reform: Election Expenditure (21 May 2019)

Paschal Donohoe: The final remuneration that Returning Officers receive for carrying out their duties in respect of the 2019 Local and European elections are not available as final accounts from Returning Officers are not due until six months after the election. The remuneration paid to Returning Officers’ for the 2014 European & Local Elections was €12.4m (this figure includes the...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (21 May 2019)

Paschal Donohoe: I wish to advise the Deputy that details of my Department's spend on consultancy costs, professional fees, legal fees and advisory fees since its establishment in 2011 up to end Q1 2019 can be found at .

Written Answers — Department of Public Expenditure and Reform: National Broadband Plan (21 May 2019)

Paschal Donohoe: The Public Spending Code requires that Departments undertake an appropriate appraisal, such as cost benefit analysis (CBA) or cost effectiveness analysis, on all expenditure proposals with an estimated value in excess of €20 million, before any approval is given to proceed to procurement.  The Public Spending Code further requires Departments to submit their appraisals for such...

Written Answers — Department of Public Expenditure and Reform: National Children's Hospital (21 May 2019)

Paschal Donohoe: The National Development Plan announced an investment programme of €116 billion over the period 2018 - 2027.  There will be no increase in this amount to facilitate the construction of the National Children's Hospital, therefore there will be no additional impact on GGB, GDP or GNI*.

Written Answers — Department of Public Expenditure and Reform: National Broadband Plan (21 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 216 and 217 together. As I have previously indicated, I intend to provide the additional capital required to fund the cost of proceeding with the National Broadband Plan from future revenues.  This will be done in the context of updating the overall multi-annual capital ceilings set out in Project Ireland 2040.

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (21 May 2019)

Paschal Donohoe: The Public Spending Code is the set of rules and procedures that apply to ensure that value for money standards are upheld across the Irish Public Service. The Code sets out the appraisal/business case requirements for every publically funded project. It stipulates that every spending proposal should be appraised carefully but the resources spent on appraisal should be commensurate with...

Written Answers — Department of Public Expenditure and Reform: Official Travel (21 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 219 to 221, inclusive, together. Travel on official duty is an integral part of the functions carried out by many civil and public servants.  As a standard principle, public servants should always use public transport for official travel in the first instance, where suitable. Where the use of car is deemed necessary, the mileage rates are designed...