Results 19,921-19,940 of 32,999 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: To which €50 million is the Deputy referring?

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: That money was pencilled in for this year and has been paid for this year.

National Infrastructure Bill 2018: First Stage (18 Apr 2018)

Paschal Donohoe: No.

Written Answers — Department of Finance: Banking Sector (18 Apr 2018)

Paschal Donohoe: AIB has provided me with the following response: " One of AIB’s core objectives in restructuring customers in financial difficulty has been keeping viable businesses operating and supporting associated employment. Once a customer is meeting its commitments under a restructure agreement including fully cooperating with the Bank, assessment of advancing additional money would be...

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Legislation (18 Apr 2018)

Paschal Donohoe: The Freedom of Information Act 2014 provides a very broad definition of public bodies at Section 6(1) and further provides that all new public bodies comprehended by this definition will automatically come under freedom of information (FOI) legislation, unless specifically exempted by order. This reversed the system under previous legislation whereby new bodies would have to be brought into...

Written Answers — Department of Finance: Tax Code (17 Apr 2018)

Paschal Donohoe: I propose to take Questions Nos. 208 and 249 together. I am advised by The Revenue Commissioners that the chargeable value for the calculation of Vehicle Registration Tax, the open market selling price (OMSP), is provided for in the Finance Act 1992, section 133. This section provides that the OMSP comprises the price, inclusive of all taxes, duties, enhancements or accessories, that a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Apr 2018)

Paschal Donohoe: As the Deputy may be aware, the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession...

Written Answers — Department of Finance: Home Repossessions (17 Apr 2018)

Paschal Donohoe: The Central Bank started collecting and publishing Mortgage Arrears and Repossession statistics in September 2009 and so it is only possible to provide the figures for repossessions by financial institutions from Q4 2009 onwards.  I have attached a table with the figures requested by the Deputy.  More generally, the latest Residential Mortgage Arrears and Repossessions...

Written Answers — Department of Finance: Tax Code (17 Apr 2018)

Paschal Donohoe: I am advised by The Revenue Commissioners that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, the supply of the rental of a disability aid is considered to be a service of hiring and is liable to VAT at the standard rate, currently 23%. The VAT Directive provides for particular categories of goods...

Written Answers — Department of Finance: Tax Reliefs Abolition (17 Apr 2018)

Paschal Donohoe: I wish to advise the Deputy that a review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax expenditures published on budget day 2016. The review may be found at the following link: .

Written Answers — Department of Finance: Fiscal Data (17 Apr 2018)

Paschal Donohoe: The estimates of fiscal space at the time, as shown in Table 4 of the Summer Economic Statement 2017, include annual contributions of €0.5 billion to the rainy day fund for 2019 - 2021.  These are in row d. These estimates of fiscal space will be updated in the Summer Economic Statement 2018, following the publication of the European Commission's Spring forecasts, when we will...

Written Answers — Department of Finance: EU Regulations (17 Apr 2018)

Paschal Donohoe: Officials in the Department of Finance have referred the Deputy's question to the banks and have received the following responses: AIB: The Mortgage Credit Directive on FX loans states that where a customer is dependent on non-euro income or assets to repay their mortgage, if the rate of exchange deviates by more than 20% from the exchange rate at the time the customer applied for their...

Written Answers — Department of Finance: EU Budget Contribution (17 Apr 2018)

Paschal Donohoe: As the Deputy may be aware, the European Commission is yet to publish its proposal on the post-2020 Multiannual Financial Framework (MFF), which is due to be released in early May. Once the proposal has been published, officials from across all Departments will study it in-detail to assess its implications for Ireland. The MFF will then be subject to intense negotiations over...

Written Answers — Department of Finance: Tax Rebates (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that the refund of tax due to the individual concerned has been paid to their bank account on 4 April.

Written Answers — Department of Finance: Central Bank of Ireland (17 Apr 2018)

Paschal Donohoe: I propose to take Questions Nos. 217, 229, 239 and 254 together. Firstly, I wish to make clear that decisions on the Central Bank's print works and the fulfilment of its Eurosystem obligations for provision of its quota of banknotes are a matter for the Central Bank, which is statutorily independent under national legislation and EU treaties. I am advised by the Central Bank that...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that relief under the Home Renovation Incentive (HRI) scheme is applied in equal amounts (50%) over the two tax years following the year in which the expenditure is incurred. Revenue has advised me that the person in question claimed relief under the HRI scheme on 2 January 2018 in respect of expenditure incurred in 2017. The maximum relief due to the person is...

Written Answers — Department of Finance: Tax Credits (17 Apr 2018)

Paschal Donohoe: The One-Parent Family Tax Credit (OPFTC) was replaced by the SPCCC from 1 January 2014. It is essential to review all tax reliefs, credits and incentives in order to ensure that they are properly targeted and if necessary re-focused in order that they can achieve the socio-economic objectives that are set for them within a system of finite fiscal resources. A provision that allowed, under...

Written Answers — Department of Finance: Tax Rebates (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that it cannot quantify or refund any tax until all outstanding returns are filed. In regard to the specific case to which the Deputy is referring, Revenue has requested the person in question to file their outstanding returns on a number of occasions but to date they have failed to do so. Once the person files the returns Revenue will...

Written Answers — Department of Finance: Tax Code (17 Apr 2018)

Paschal Donohoe: The move towards a system of individualisation commenced in 1999, and is now integral to the overall income tax system. When first announced, the stated purposes of individualisation were to ease the burden on single persons which accounted for 65% of the work force, to take workers on the average industrial wage out of the higher rate of tax and more generally to facilitate a reduction in...

Written Answers — Department of Finance: Banks Recapitalisation (17 Apr 2018)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) holds the AIB and Bank of Ireland shares on behalf of the State. Dividend payments are therefore made to the ISIF. Dividend payments from Permanent tsb would be made direct to the Exchequer. Regarding proceeds from dividends, these are typically recorded as property income in the European System of Accounts (ESA 2010) framework and not as...