Results 18,201-18,220 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services Regulation (4 Oct 2018)

Paschal Donohoe: I wish to thank the Deputy for raising this matter. In light of this query, I have contacted the Competition and Consumer Protection Commission (CCPC). I have been advised that the CCPC recently received a press query in relation to this issue. The CCPC have advised that "Under the Consumer Credit Act 1995, the CCPC provides licences to credit intermediaries and keeps an online list of...

Written Answers — Department of Finance: Tax Credits (4 Oct 2018)

Paschal Donohoe: I am advised by Revenue that the legislation governing the deductibility of expenses incurred in employment, as set out in section 114 of the Taxes Consolidation Act 1997 (TCA), provides that, for an expense to qualify as a deduction against income from an office or employment, the expense must be wholly, exclusively and necessarily incurred in the performance of the duties of the office or...

Written Answers — Department of Finance: Tax Exemptions (4 Oct 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that where recipients qualify for the small gift exemption from Capital Acquisitions Tax, i.e. they have received a gift (or gifts) from an individual within a calendar year, which does not exceed €3,000, then there is no obligation to submit a return to Revenue. As a consequence there is no data available to Revenue to estimate the impact of...

Written Answers — Department of Finance: Tax Reliefs Application (4 Oct 2018)

Paschal Donohoe: I am advised by Revenue that inheritance tax may be payable by a person who is resident or ordinarily resident in the Republic of Ireland where the person (i.e. the beneficiary) receives an inheritance from the estate of a deceased person living in the UK. Double taxation can potentially arise because Irish inheritance tax is based on the country of residence of the beneficiary while UK...

Written Answers — Department of Finance: Budget 2019 (4 Oct 2018)

Paschal Donohoe: I assume the €800 million the Deputy is referring to is the amount which I stated is available for further allocation in the Summer Economic Statement 2018 (€3.4 billion less €2.6 billion pre-committed). This is already factored into fiscal forecasts and does not change the general government balance. As the Deputy is aware, Budget 2019 will be published on Tuesday...

Written Answers — Department of Finance: Revenue Commissioners Staff (4 Oct 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to the introduction of PAYE Modernisation which was announced as part of Budget 2017. By way of background information, the PAYE system brings in almost €1 billion every month to the Exchequer. There are approximately 200,000 registered employers and around 2.3 million employees with a significant number of these having more than one...

Written Answers — Department of Finance: Insurance Compensation Fund (4 Oct 2018)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that the Insurance (Amendment) Act 2018 (Act 21 of 2018) was signed into law in July this year. The Act, inter alia, provides for the payment of 100% of the...

Written Answers — Department of Finance: Motor Insurance Costs (4 Oct 2018)

Paschal Donohoe: As the Deputy may be aware, in fulfilment of a recommendation from the Report on the Cost of Motor Insurance, a protocol was agreed between Insurance Ireland and the Department of Finance under which insurance companies committed to accepting the driving experience returning emigrants gained while abroad, when the driver has had previous driving experience in Ireland. The guiding principle...

Written Answers — Department of Finance: Departmental Correspondence (4 Oct 2018)

Paschal Donohoe: I wish to advise Deputy Kelly that I do not use private email to communicate on Departmental issues. Minister of State D'Arcy and all special advisers in my Department also do not use private email for such communication. All staff in the Department are informed of the Records Management Guidelines (September 2017) in place and are obliged to carry out official activities according to...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (4 Oct 2018)

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 his office. As the Deputy will be aware the Financial Services and Pensions Ombudsman was established on 1 January 2018 under the Financial Services and Pensions Ombudsman Act 2017. The figures provided...

Written Answers — Department of Finance: Living City Initiative (4 Oct 2018)

Paschal Donohoe: I am advised by Revenue that the number of applications received since the Living City Initiative commenced in May 2015 is 136. Information in relation to the number of claimants, the amount claimed and the cost to the Exchequer in 2015 and 2016, the most recent year for which data is available, is included in the table below: Year Number of claimants Amount claimed €M Maximum tax...

Written Answers — Department of Public Expenditure and Reform: Exchequer Savings (4 Oct 2018)

Paschal Donohoe: As outlined in the September 2018 Fiscal Monitor published by the Department of Finance, overall gross voted expenditure to the end of September 2018 was €44,874 million. This was only slightly over profile, by €13 million, and €3,208 million, or 7.7 per cent, higher than expenditure for the same period in 2017. Gross voted current expenditure of €41,601 million...

Written Answers — Department of Finance: VAT Rebates (3 Oct 2018)

Paschal Donohoe: Parliamentary Question No. 154 of September 2018 asked if unregistered farmers can claim back V.A.T. on sensor lighting for farm security. I advised at the time that The Value Added Tax (Refund of Tax) (No 25) Order, 1993 provides for a refund of VAT incurred by unregistered farmers in the “construction, extension, alteration or reconstruction of any building or structure which is...

Written Answers — Department of Finance: Tax Exemptions (3 Oct 2018)

Paschal Donohoe: In general, consideration of Capital Acquisitions Tax (CAT) thresholds and rates are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget.

Written Answers — Department of Finance: Budget 2019 (3 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding 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: Budget 2019 (3 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that may or may not be the subject of Budget decisions. However, I should point out that PRSI policy is a matter in the first instance for my colleague the Minister for Employment Affairs and Social Protection.

Written Answers — Department of Finance: Insurance Costs (3 Oct 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank can interfere in the pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on the risks they are willing to accept. However, it is acknowledged that pricing in the motor...

Written Answers — Department of Finance: Pension Provisions (3 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that may or may not be the subject of Budget decisions. However, the Government is currently reviewing the Pensions system more generally, as set out in A Roadmap for Pensions Reform 2018–2023published last February.

Written Answers — Department of Finance: Insurance Coverage (3 Oct 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Finance: Motor Insurance Costs (3 Oct 2018)

Paschal Donohoe: The Deputy should note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank can interfere in the pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on the risks they are willing to accept. However, it is acknowledged that...