Results 9,221-9,240 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that Irish Real Estate Funds (IREFs) must operate IREF withholding tax on the happening of certain taxable events.  This includes the cancellation, redemption or repurchase of units as a result of liquidation. The amount on which the IREF withholding tax is operated is the portion of any amounts so distributed which relate to Irish property profits.  Any...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (27 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, the 2017 IFS 2020 Action Plan commits my Department to conduct a public consultation on the potential regulation of crowdfunding in Ireland, having regard to emerging international best practice and in the context of the EU Commission Action Plan on Building a Capital Markets Union. IFS 2020 is the Government’s five-year strategy for driving the growth...

Written Answers — Department of Finance: Credit Union Regulation (27 Jun 2017)

Paschal Donohoe: My role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Union Regulation (27 Jun 2017)

Paschal Donohoe: Credit unions operate under a not-for-profit mandate, have a community focus and a volunteer ethos. These are the distinctive features that set credit unions apart from other financial organisations. In line with its ethos, the Credit Union Act 1997 provides for a limitation of remuneration for specific posts within a credit union. This matter is governed by Section 68 of...

Written Answers — Department of Finance: Vehicle Registration (27 Jun 2017)

Paschal Donohoe: Relief from the payment of Vehicle Registration Tax (VRT) is provided for under the Finance Act 1992, s.134(1)(a) and Vehicle Registration Tax (Permanent Reliefs) Regulations 1993, Reg 4, (S.I. No. 59/93). In order to qualify for relief an applicant must meet a number of eligibility criteria including the possession and actual use of the vehicle outside the State for at least six months...

Written Answers — Department of Finance: Tax Reliefs Data (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that a Costs of Tax Expenditures table is available on the Revenue Statistics webpage at . This table provides an annual breakdown of the cost to the Exchequer for the ‘Exempt Rental Income from Leasing of Farm Land' for the years 2009 to 2014, the latest year for which data are presently available. The table will be updated in due course as newer data become...

Written Answers — Department of Finance: Mortgage Interest Relief Expenditure (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that, based on personal Income Tax returns filed for the year 2014, the latest year for which complete information is available, and making certain assumptions, it is estimated that the cost of increasing the level at which landlords can claim interest repayments against tax for residential rental properties from 80% (the amount allowable in 2017) to 100% is in...

Written Answers — Department of Finance: Personal Contract Plans (27 Jun 2017)

Paschal Donohoe: As I stated previously in replies to questions regarding this issue, Personal Contract Plans (PCPs) are a form of Hire Purchase and both the Central Bank and the Competition and Consumer Protection Commission (CCPC) have certain functions and legal powers in relation to the provision of hire-purchase agreements.  The statistics requested by the Deputy are not...

Written Answers — Department of Finance: EU Budgets (27 Jun 2017)

Paschal Donohoe: Until it formally withdraws from the European Union, the UK remains a full EU Member, with all of its existing rights and obligations including in relation to the EU Budget. Brexit is likely to involve complex discussion on the Multiannual Financial Framework, particularly as the UK is an important net contributor to the EU Budget. Therefore, Brexit will have a significant impact on EU...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: As requested, please find information on the staffing complement of my Department in whole time equivalents as at the end of 2016. My Department is also responsible for the National Shared Services Office "NSSO" and the Office of Government Procurement "OGP" and I have provided the information in relation to these organisations separately. - Department of Public Expenditure and Reform...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Remuneration (27 Jun 2017)

Paschal Donohoe: The rates of pay for Secretarial Assistants were last increased on 1 September 2008 in line with similar such pay revisions for grades in the public service with whom the Secretarial Assistants would have a correspondence for pay movement purposes. However, Secretarial Assistants are employed on a direct contractual basis by Members of the Houses of the Oireachtas as well as by qualifying...

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (27 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, the Government’s overall Capital Plan was published in September 2015.  The details and county location of capital projects announced under the Capital Plan since March 2017 can be provided by the relevant Ministers and I understand that the Deputy has put this question down to all Ministers.

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 177 to 180, inclusive, together. I can confirm that the recruitment of Temporary Clerical Officers "TCOs" and Clerical Officers "COs" in my Department, is controlled by the relevant circulars issued by my Department. My Department is also responsible for the National Shared Services Office "NSSO" and the Office of Government Procurement "OGP" and I have...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (27 Jun 2017)

Paschal Donohoe: The management of the tendering process and the administration of the contract once awarded is a matter for each contracting authority. Public contract details, therefore, are held by the individual contracting authority concerned. This public procurement process is facilitated through the national eProcurement portal www.etenders.gov.ie which is managed by the Office of...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (28 Jun 2017)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) scheme, provided for in Part 16 of the Taxes Consolidation Act 1997, is a tax incentive whereby individuals who invest in certain qualifying companies can qualify for tax relief on the amount invested. A qualifying company is one which: - is an unquoted SME, meaning it has less than 250 employees and has an annual...

Written Answers — Department of Finance: Insurance Industry Regulation (28 Jun 2017)

Paschal Donohoe: It is my understanding, after seeking clarification, that the Deputy wishes to know if there is an intention to amend the Insurance Compensation Framework legislation (Insurance Act, 1964) to allow the claimants of Setanta to be compensated for 100% of the amounts due to them. At the outset you should note that my Department has been advised by the Liquidator that as of 20 June...

Written Answers — Department of Finance: Departmental Agencies Data (28 Jun 2017)

Paschal Donohoe: In response to the Deputy's question, I am advised that of the eighteen bodies under the aegis of my Department, ten have an up to date tax clearance certificate.  These bodies are the Office of the Comptroller & Auditor General, Central Bank, Financial Services Ombudsman Bureau, Irish Bank Resolution Corporation, Irish Fiscal Advisory Council, National...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jun 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), an exemption from motor tax and a grant in respect of fuel, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities.   To qualify for the Scheme an applicant must be...

Written Answers — Department of Finance: Insurance Coverage (28 Jun 2017)

Paschal Donohoe: I am not in a position to outline the specific reasons why companies may require such a limit on bicycle insurance.  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...

Written Answers — Department of Finance: Mortgage Schemes (28 Jun 2017)

Paschal Donohoe: The Central Bank has advised that, as part of its ongoing supervisory work, the Bank carried out some work in respect of ‘Lifetime’ loans in 2016. Based on information from lenders (which represented the majority of the market at a point in time in 2016), the Central Bank indicated that there were loans of approximately €640 million to approximately...