Results 20,261-20,280 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services Sector (28 Nov 2019)

Paschal Donohoe: The Deputy may be aware that the Government’s Strategy for the development of Ireland's international financial services sector to 2025, 'Ireland for Finance', was launched last April.  The vision of the Strategy is for “Ireland to be a top-tier location of choice for specialist international financial services and to enhance and protect our future...

Written Answers — Department of Finance: Financial Services Sector (28 Nov 2019)

Paschal Donohoe: 'Ireland for Finance', the Government’s Strategy for the development of Ireland's international financial services sector to 2025 was launched in April of this year. The development of the regions is one of the priorities of the Strategy. There were approximately 44,000 people in direct employment in the IFS sector at the end of 2018 with one-third of these jobs located outside...

Written Answers — Department of Finance: Tax Yield (28 Nov 2019)

Paschal Donohoe: I am advised by Revenue that its primary method of classifying businesses is the European standard NACE code. I am further advised that the majority of the businesses referred to by the Deputy are included in the ‘financial and insurance activities’ NACE sector. The tax paid by businesses in this sector is available at the following link: . This link provides the following...

Written Answers — Department of Finance: Legislative Programme (28 Nov 2019)

Paschal Donohoe: The Investment Limited Partnership Act 1994 defines Minister as the Minister for Business, Enterprise and Innovation. However the Investment Limited Partnership (Amendment) Bill 2019 proposes to amend the Act so that I, as the Minister for Finance, will be the responsible Minister and it is my officials that have been working on the proposed amendments to the Act. My officials have...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (28 Nov 2019)

Paschal Donohoe: The information requested by the Deputy in relation to costs incurred by my Department and the bodies under its aegis on the National Ploughing Championships since 2016 are set out in the table. The Office of Public Works is currently collating material for this PQ and will respond directly to the Deputy once finalised. Department of Public Expenditure and...

Written Answers — Department of Public Expenditure and Reform: Healthcare Policy (28 Nov 2019)

Paschal Donohoe: The Sláintecare report estimated that the full year cost (by year 10 of a 10-year programme) of implementing all the measures recommended in the report is €2.836 billion. In addition, the all-party Oireachtas Committee recommended that transitional funding of €3 billion over a six-year period would also be required to deliver the Committee’s proposals.  The...

Written Answers — Department of Finance: Pensions Reform (3 Dec 2019)

Paschal Donohoe: The Deputy may be aware that the Government published A Roadmap for Pensions Reform 2018 – 2023 in February 2018, which contains in Strand 3, “Improving Governance and Regulation”, a plan for a broad review of the utilisation and regulation of the ARF option. This review has been conducted by the Interdepartmental Pensions Reform and Taxation Group (IDPRTG), which is...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (3 Dec 2019)

Paschal Donohoe: Within the remit of the Central Bank of Ireland’s (the Central Bank) responsibilities for safeguarding stability and protecting consumers, its approach to mortgage arrears resolution is focused on ensuring the fair treatment of borrowers through a strong consumer protection framework and ensuring that regulated entities have appropriate arrears resolution strategies and operations in...

Written Answers — Department of Finance: Vehicle Registration (3 Dec 2019)

Paschal Donohoe: To register an imported used car, a person must produce the ‘foreign registration certificate’ or ‘certificate of de-registration’ as issued by the relevant registration authority in the ‘exporting’ State. The procedures for registering an imported used car and the documents required are clearly set out on Revenue’s website at and the NCTS...

Written Answers — Department of Finance: Tax Data (3 Dec 2019)

Paschal Donohoe: I am advised by Revenue that prior to 2018, tax returns did not identify Flat Rate Expenses (FREs) separately from other expense items. Therefore, the detailed breakdown of claimants sought by the Deputy is not available at this time. For 2017 the estimated total number of taxpayer units who availed of FRE allowances was 606,570 with gross claims of €163 million equating to a tax cost...

Written Answers — Department of Finance: Exchequer Revenue (3 Dec 2019)

Paschal Donohoe: My Department's latest forecasts, contained inBudget 2020 Economic & Fiscal Outlook, project Exchequer revenue and expenditure over the years 2020 to 2024 inclusive. Budget 2020 was underpinned by the assumption of a disorderly Brexit. As such, due to the operation of automatic stabilisers, the impact of Brexit contingency expenditure and other factors, the Exchequer is projected to...

Written Answers — Department of Finance: Tax Code (3 Dec 2019)

Paschal Donohoe: Over the past 18 months, Revenue has been conducting a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime. Revenue has advised me that the purpose of the FRE review, which involved engagement with relevant representative bodies, is to ensure that the expenses granted to each employment category remain justified and appropriate to modern day employments and...

Written Answers — Department of Finance: Financial Services Regulation (3 Dec 2019)

Paschal Donohoe: I am advised by the Central Bank that OHA (UK) LLP is an Alternative Investment Fund Manager authorised by the Financial Conduct Authority in the UK providing services & activities in Ireland on a cross-border basis in accordance with the provisions of the European Union (Alternative Investment Fund Managers) Regulations 2013. As an authorised Alternative Investment Fund Manager, OHA...

Written Answers — Department of Finance: Departmental Reports (3 Dec 2019)

Paschal Donohoe: The Deputy will find the information requested in relation to external consultant reports commissioned by my Department in each of the years March 2011 to 2018 and to date in 2019 in the table attached in the following link. ">Response

Written Answers — Department of Finance: VAT Payments (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 128 to 130, inclusive, and 145 together. I have previously outlined the rationale for the changes I have made to the VAT Retail Export Scheme in the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019(the Brexit Act). This scheme enables visitors that are resident outside the EU to benefit from VAT relief on goods...

Written Answers — Department of Finance: Exchequer Returns (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 131, 132, 134 and 135 together. The Government decided in September that Budget 2020would be based on the assumption of a disorderly Brexit at end-October. Given the information available at the time this was the safest and most appropriate option to take. Since I published Budget 2020, the risk of the UK departing the EU this year without a deal has been...

Written Answers — Department of Finance: Fiscal Data (3 Dec 2019)

Paschal Donohoe: As the Deputy is aware the Department of Finance's macro-economic and fiscal projections currently cover the period to 2024. These set out that general government gross fixed capital formation will be c.2.5 per cent of GDP. Using the more appropriate measure of the Irish economy, this is equivalent to an average of 4.4 per cent of modified GNI (GNI*). The nominal amounts equivalent to 3 per...

Written Answers — Department of Finance: General Government Debt (3 Dec 2019)

Paschal Donohoe: My Department's latest forecasts, published in Budget 2020 Economic & Fiscal Outlook, project the cost of general government borrowing in each of the years 2020 to 2024. These costs are outlined in nominal terms in table 12 and the average interest rate is given in table 14. Forecasts for 2025 are not yet available. I have set out both in the following link for your convenience. ...

Written Answers — Department of Finance: Banking Sector (3 Dec 2019)

Paschal Donohoe: As the Deputy is aware, my Department in conjunction with the Department of Rural and Community Development, issued a report on Local Public Banking in Ireland last year. The report concluded that there is not a compelling case for the State to establish a new local public banking system based on the German Sparkassen model in Ireland. However, a commitment was given in the report that...

Written Answers — Department of Finance: VAT Rate Application (3 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 138 to 141, inclusive, together. VAT on goods and services is subject to EU VAT law, with which Irish VAT law must comply. The VAT Directive provides that EU Member States may apply either one or two reduced rates of VAT to certain goods and services. As Ireland already has two reduced rates in place (9% and 13.5%), one would have to be removed before a new...