Results 20,481-20,500 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Property Tax Data (17 Dec 2019)

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was published by my Department on Budget Day 2017.  Ten policy options were put forward in the report, divided into short-term, medium-term and long-term timeframes. Option 2 is for the introduction of Local Property Tax (LPT) deductibility for landlords. I am advised by Revenue that the...

Written Answers — Department of Finance: Tax Reliefs Costs (17 Dec 2019)

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was published by my Department on Budget Day 2017.  Ten policy options were put forward in the report, divided into short-term, medium-term and long-term timeframes. Option 3 is to enhance loss relief for landlords (or a sub-set of landlords), to allow relief for rental losses against other income...

Written Answers — Department of Finance: Tax Reliefs Costs (17 Dec 2019)

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Rental Accommodation Providers (published by my Department on Budget Day 2017) identified the measure suggested by the Deputy as a possible medium-term option. The report does not cost the measure but notes that three factors relevant for the costing would be: - the reduction in current income tax revenues; - in the longer...

Written Answers — Department of Finance: Tax Reliefs Costs (17 Dec 2019)

Paschal Donohoe: CGT becomes payable on any gain made on the disposal rather than the acquisition of an asset.   It would be difficult to cost the Deputy's proposal in the absence of further detail for example on the number of qualifying rental properties, the duration for which such rental properties were retained and any gains made on their disposal. I would say that the issue of a tax...

Written Answers — Department of Finance: Tax Data (17 Dec 2019)

Paschal Donohoe: Rental income, after deduction of allowable letting expenses, is subject to tax as part of the total taxable income of a landlord. Individual landlords are subject to income tax, including USC and PRSI where appropriate, at the current applicable rates. Expenses incurred in connection with the letting of a property are generally deductible under the Taxes Consolidation Act...

Written Answers — Department of Finance: European Banking Union (17 Dec 2019)

Paschal Donohoe: At ECOFIN in December 2019 the Council took stock of progress in strengthening the Banking Union under the Finnish Presidency. This is a regular agenda item at the end of each Presidency. The report is available at "". The report outlined the work which has been undertaken in relation to the proposal for a common European Deposit Insurance Scheme (EDIS), the action plan to tackle...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Data (17 Dec 2019)

Paschal Donohoe: In accordance with requirements under the Disability Act 2005, the Minister for Public Expenditure and Reform is required to report to the National Disability Authority (NDA) on the numbers of people with a disability working in the Civil Service only. Other Ministers have similar responsibilities for the wider public service. Under Section 47 of the Disability Act, all public bodies are...

Written Answers — Department of Public Expenditure and Reform: Wheelchair Accessible Vehicles (17 Dec 2019)

Paschal Donohoe: My colleague, the Minister for Transport, Tourism and Sport and the National Transport Authority (NTA) have primary responsibility for meeting this commitment.  Recognising the prevailing market structure for taxi services is central to this issue and as there are no large unitary fleet operators who can easily be compelled to meet such a requirement, I understand the NTA (a)...

Written Answers — Department of Finance: Brexit Preparations (18 Dec 2019)

Paschal Donohoe: I am advised by Revenue that during 2018, Revenue chaired an interdepartmental group established to consider the adequacy of port and airport infrastructure and facilities post Brexit. The group included representatives from Revenue; the Departments of Agriculture, Food and the Marine and Health; the HSE's environmental health service; the Department of Transport, Tourism and Sport; the...

Written Answers — Department of Finance: Brexit Preparations (18 Dec 2019)

Paschal Donohoe: Budget 2020, including the macroeconomic outlook which underpins it, was based on the prudent assumption that the UK would leave the EU on 31 October without an agreement. The macroeconomic outlook is set out in the Economic and Fiscal Outlook published with Budget 2020. This included, at Box 4, an assessment of the macroeconomic outlook that would apply in the event of an agreed exit by the...

Written Answers — Department of Finance: Brexit Preparations (18 Dec 2019)

Paschal Donohoe: I am advised by Revenue that currently 63,984 businesses have a customs registration and acquired an EORI number. 23,939 of these businesses obtained an EORI number in 2019. When Revenue analysed the 2018 VAT Information Exchange System (VIES) returns, they identified some 94,000 businesses that traded with the UK in 2018. Of these 94,000 businesses, approx. 55,000 do not currently have...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (18 Dec 2019)

Paschal Donohoe: The Central Bank’s role in relation to anti-money laundering/countering the financing of terrorism is to monitor credit and financial institutions’ compliance with the systems and controls requirements as set out in Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (‘the CJA 2010’). The Central Bank is not...

Written Answers — Department of Finance: Banking Sector Remuneration (18 Dec 2019)

Paschal Donohoe: The Deputy will be aware that Government policy on banking remuneration has remained unchanged since the financial crisis. Extensive restrictions are in place and these are not simply confined to a small number of senior bankers whose pay is restricted by the €500,000 pay cap (excluding a standard pension contribution). These affect c.23,000 workers across the three banks in which the...

Written Answers — Department of Finance: Insurance Industry Regulation (18 Dec 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 have a role in the regulation of claims harvesting websites in Ireland nor in the collection of data on the number of these websites.  Allegations of companies engaging in such practices were brought...

Written Answers — Department of Finance: Insurance Industry (18 Dec 2019)

Paschal Donohoe: In response to a similar PQ Dail Question No. 150 (Ref. 25484/19) earlier this year, my officials contacted the Central Bank of Ireland on this non-disclosure issue.  The Central Bank advised that there is no requirement on life assurance companies to report data on claims refused due to issues of non-disclosure, and therefore it does not receive such notifications.  In that regard,...

Written Answers — Department of Finance: Motor Insurance Data (18 Dec 2019)

Paschal Donohoe: The Motor Insurers Insolvency Compensation Fund (MIICF) is an ex-ante fund which has been set up to collect contributions from motor insurers in order to fund the increase in compensation for third party motor claims from 65% to 100% arising from a motor insurer insolvency. This change was introduced by the Insurance (Amendment) Act 2018 and became operational on 1 December 2018. What it...

Written Answers — Department of Finance: NAMA Portfolio (18 Dec 2019)

Paschal Donohoe: The Deputy will be aware that NAMA’s role is as secured lender and the property assets securing NAMA’s loan portfolio remain under the ownership and control of debtors and receivers. Set out in the attached file is information, in the format held by NAMA, relating to property collateral in Co. Galway that secured NAMA’s loan portfolio for each of the years from 2015 to...

Written Answers — Department of Finance: Departmental Staff Recruitment (18 Dec 2019)

Paschal Donohoe: I wish to inform the Deputy that the number of new staff recruited to the Department of Finance from 1 January 2019 to 31 December 2019 and the title of each employment position is shown in the table below: New entrants Jan 2019 - Dec 2019 Grade Numbers AP 2 AO 26 HEO 1 EO ...

Written Answers — Department of Finance: Tax Compliance (18 Dec 2019)

Paschal Donohoe: I am advised by Revenue that a “chargeable person” – that is, an individual or other body who is chargeable to tax for a chargeable period (for example, a tax year) – is required to file a tax return.  This could include a voluntary non-profit making organisation in receipt of taxable income.  Voluntary non-profit making organisations can register for tax...

Written Answers — Department of Finance: Cycle to Work Scheme (18 Dec 2019)

Paschal Donohoe: The Cycle To Work scheme provides an exemption from tax on the first €1,000 of expenditure incurred by an employer in connection with the provision of a bicycle or safety equipment to an employee or director. The bicycle must be for the employee/director’s personal use in undertaking the whole or part of the journey to or from work.  Safety equipment includes helmets,...