Results 9,121-9,140 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tracker Mortgages Examination (20 Jun 2017)

Paschal Donohoe: The Central Bank have advised that the information that the Deputy has requested is lender specific supervisory information and the Central Bank is not in a position to comment on individual lenders due to confidentiality requirements under Central bank legislation. However, in the most recent update on the Examination published by the Central Bank on March 23,...

Written Answers — Department of Finance: Fiscal Policy (20 Jun 2017)

Paschal Donohoe: In terms of the performance public expenditure management in 2016, it should be noted that the provisional outturn (adjusting for Capital Carryover) for total gross voted expenditure was €55,980 million compared to the projection in REV 2016. This represents an over profile amount of less than 0.25% of total gross voted expenditure, highlighting the strict control of the overall level...

Written Answers — Department of Finance: State Bodies Code of Conduct (20 Jun 2017)

Paschal Donohoe: In response to the Deputy's question, there are eighteen bodies under the aegis of my Department of which I am advised that eleven are designated as State Bodies for the purpose of the 2016 Code of Practice for the Governance of State Bodies. With respect to these eleven bodies, please see the information requested in the following table: Body Report furnished confirming compliance...

Written Answers — Department of Finance: Mortgage Interest Relief Data (20 Jun 2017)

Paschal Donohoe: If the Government decides in Budget 2018 to retain Mortgage Interest Relief (MIR) on the same basis it currently applies, this would be neutral in fiscal space terms.  However I should point out that in Budget 2017 the Government confirmed its intention to extend MIR beyond the current end-date of December 2017 on a tapered basis to 2020, in line with the commitment in the Programme for...

Written Answers — Department of Finance: Public Sector Pay (20 Jun 2017)

Paschal Donohoe: On the 8 June 2017, the terms of a proposed agreement was reached between the public service unions and public service management officials representing the Government, regarding an extension to the Lansdowne Road Agreement.  If the proposed agreement is ratified by the unions and representative associations for public servants, then the expenditure will use fiscal space....

Written Answers — Department of Finance: Tax Reliefs Costs (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 327 and 333 together. The cost to the Exchequer of an income tax, USC and/or PRSI relief on interest earned from the supply of crowdfunding finance to SMEs would depend on a number of factors, including the marginal USC rate and the PRSI Class of the individual investors concerned; the level of investment; the level of return received on the investment (i.e....

Written Answers — Department of Finance: Tax Reliefs Application (20 Jun 2017)

Paschal Donohoe: Considerations relating to the cost of hospital admissions are a matter for my colleague the Minister for Health, Mr. Simon Harris T.D.  With regard to tax relief for medical insurance premiums, income tax relief is provided at the standard rate of income tax, currently 20%, and is restricted to the first €1,000 per adult and the first €500 per child insured.  Any...

Written Answers — Department of Finance: Insurance Industry Regulation (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 329 and 330 together. As Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation in Ireland, including the regulatory environment for life and non-life insurance.  The legal and regulatory framework for the provision of life insurance, non-life insurance and reinsurance in the European...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (20 Jun 2017)

Paschal Donohoe: The table sets out the cost to the exchequer (per investment) of a 30% relief for investors in the Employment and Investment Incentive at each of the investment points identified by the Deputy, assuming that the investor has a sufficient income tax liability to avail of the relief in full. Amount € Tax Cost € Additional Cost Over Existing Ceiling €...

Written Answers — Department of Finance: Exchequer Returns (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that sections 766 and 766A of the Taxes Consolidation Act 1997 provides for a tax credit in respect of qualifying expenditure on Research & Development (“R&D”). The R&D tax credit must be used initially to reduce the Corporation Tax liability of the company for the accounting period in which the relevant expenditure is incurred. Any...

Written Answers — Department of Finance: Construction Industry (20 Jun 2017)

Paschal Donohoe: Neither the Central Bank of Ireland nor the Department of Finance tracks the amount of finance from non-domestic and non-banking investment companies investing in the Irish construction sector. However, the SME Credit Demand Survey, conducted on behalf of the Department, monitors the overall credit requirements of SMEs.  As the Deputy will be aware, SMEs account for 99.5 per cent...

Written Answers — Department of Finance: Tax Code (20 Jun 2017)

Paschal Donohoe: Hypothecation is not a feature of the Irish tax system in general. I am not in favour of hypothecation of revenue receipts as it reduces the flexibility of the Government to prioritise and allocate funds as necessary at a particular time. All revenues collected by the state should go to the Exchequer.

Written Answers — Department of Finance: Vehicle Registration (20 Jun 2017)

Paschal Donohoe: Section 135 of Finance Act 1992, as amended, provides that a State resident in possession of a motor vehicle provided to him or her by an employer in Northern Ireland must register the vehicle in Ireland unless the vehicle is used principally for business purposes in Northern Ireland.  Revenue has also informed me that the Tax Appeal Commission recently confirmed Revenue’s...

Written Answers — Department of Finance: Appointments to State Boards (20 Jun 2017)

Paschal Donohoe: In response to the Deputy's question, I have been advised that there have been no appointments made to the boards of the eighteen bodies under the aegis of my Department in May and June 2017. There are currently two vacancies on the board of the Central Bank Commission and two vacancies on the board of the National Asset Management Agency (NAMA).  With respect to the Central...

Written Answers — Department of Finance: Tax Code (20 Jun 2017)

Paschal Donohoe: I am informed by Revenue that for inheritance tax purposes, the relationship between the deceased (i.e. the disponer) and the person who receives the inheritance (i.e. the beneficiary) determines the maximum amount known as the “Group threshold” below which inheritance tax does not arise. There are three separate Group thresholds based on the relationship of the beneficiary...

Written Answers — Department of Finance: Addiction Treatment Services (20 Jun 2017)

Paschal Donohoe: The Tax Strategy Group Review on betting duty focuses on recent developments in this area, including the extension of the tax regime to remote operators, and looks at the potential for revenue raising in that sector.  The funding of addiction prevention and treatment services is primarily a matter for my colleague the Minister for Health. In this regard, I am not in favour...

Written Answers — Department of Finance: State Bodies Code of Conduct (20 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, under the revised Code of Practice for Governance of State Bodies ("the Code"), each State Body is required to report non competitive procurements in the Chairperson’s comprehensive report to the Minister. The NAMA Chairman submitted his comprehensive report in conjunction with the NAMA Annual Report for 2016, as required by the Code. I would...

Written Answers — Department of Finance: Corporation Tax Regime (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 341 and 342 together. In relation to Question 28956/17, I am advised that the estimated net Corporation Tax receipts paid by the top 10 and the top 20 multinational groups in each of the years 2010 to 2016 are as shown in the table below. Year Top 10 Multinational GroupsNet Corporation Tax Receipts €m % of Net Corporation Tax Receipts Top 20...

Written Answers — Department of Finance: Tax Data (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 343 to 345, inclusive, together. Regarding the Deputy’s two questions regarding reductions in the standard and higher rate of PAYE by 1% and 2%, it is assumed that the Deputy is referring to the standard and higher rates of income tax overall rather than the rates of income tax for PAYE employment income only. I am advised by Revenue that a Post-Budget...

Written Answers — Department of Finance: Departmental Staff Relocation (20 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that there are a few ways for staff to apply for a transfer to other Departments and Offices including applying directly to the Department/Office and applying for a "Head to Head" transfer through their Union Magazine. My Department would not be aware of such applications. In 2015 three of my staff based in my Department in Dublin applied to be...