Results 9,681-9,700 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Expenditure (13 Jul 2017)

Paschal Donohoe: As the Deputy is aware, in line with the State agreements with AIB, all fees incurred by the State in relation to the IPO will be paid by the bank. Following a successful transaction, fees are payable to the selling syndicate of investment banks and are proportionate to the value of the transaction. The fees that have been negotiated by my officials are approximately 0.4% of the value of...

Written Answers — Department of Finance: Revenue Commissioners Investigations (13 Jul 2017)

Paschal Donohoe: I am advised by Revenue that their programme of compliance interventions in relation to the tax affairs of medical consultants is continuing.  As indicated in replies to previous questions by my predecessor Minister Noonan on this matter from the Deputy earlier in 2017, the main focus of Revenue's work continues to be the tax issues arising from the incorporation of medical consultants'...

Written Answers — Department of Finance: IBRC Liquidation (13 Jul 2017)

Paschal Donohoe: As outlined in the most recent progress update report which was published on the 5th May 2017 and which is available on the Department of Finance website (the Special Liquidators have cash receipts on hand of c. €1.9bn as at 6th February 2017. An interim dividend of 25% was paid to all admitted unsecured creditors of the liquidation, including the State, in December 2016. The...

Written Answers — Department of Finance: Central Bank of Ireland Staff (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 137 and 142 together. I am advised by the Central Bank that there are 172 active vacancies within the Central Bank, which are detailed in the table below. Each role is advertised internally and externally for a minimum of 2 weeks, and roles within Operations and Financial Regulation take on average 8 weeks to fill with Central Banking roles being filled on...

Written Answers — Department of Finance: Brexit Staff (13 Jul 2017)

Paschal Donohoe: I have been previously informed by the Central Bank that staff from across all three pillars of the Bank are working on various aspects of "Brexit".  The Governor of the Central Bank has stated that, if necessary, staff will be deployed to deal with increases in the authorisation pipeline and will reprioritise workload as appropriate. Should there be a marked...

Written Answers — Department of Finance: Brexit Staff (13 Jul 2017)

Paschal Donohoe: I wish to inform the Deputy that the Assistant Secretary who heads the EU and International Division of my Department has been designated as the lead official in the Department for Brexit matters. A dedicated Brexit Unit within the EU and International Division was established in July 2016 to oversee and coordinate Brexit work across the entire Department and to act as a...

Written Answers — Department of Finance: Departmental Staff Data (13 Jul 2017)

Paschal Donohoe: All resources and vacancies in my Department are managed through a robust Workforce Planning process. I wish to inform the Deputy that as at 13 July 2017 there are 18 vacancies in my Department, details of which are outlined in the following table: Division Number of vacancies Banking Division - FMU 3 Economic Division 3 EU & International Division 2...

Written Answers — Department of Finance: Departmental Staff Data (13 Jul 2017)

Paschal Donohoe: I wish to inform the Deputy that as at 30th June there were 318 (WTE 308.53) employees working in my Department. Included in that figure are 12 staff seconded from the NTMA to the Shareholding & Financial Advisory Division in my Department.

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 143 and 144 together. I am informed by the Central Bank that it has found approximately 128 firms/individuals to be conducting unauthorised activities in the years 2011-2016 inclusive. These unauthorised firms have been the subject of Central Bank warning notices. 110 refer to unauthorised Investment Firms, 6 refer to unauthorised Credit Institutions, 6 are in...

Written Answers — Department of Finance: Tax Yield (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 145 to 147, inclusive, 171 and 172 together. I am informed by Revenue that information in relation to yield received from Capital Acquisitions Tax, which includes Inheritance Tax, can be found on the statistics page of the Revenue website at . In addition, the tables at contains cost estimates and numbers claiming for a wide range of tax expenditures including...

Written Answers — Department of Finance: Mortgage Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 148 and 198 together. The Central Bank advises that there is no such regulated category as “sub-prime lender”.  However, Retail Credit Firms are authorised to provide credit, in the form of cash loans, directly to individuals and some firms authorised in this category provide housing loans.  Retail Credit Firms have been...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 149 and 150 together. As the Deputy is aware, for operational reasons the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC”) were originally divided into six portfolios: Evergreen, Rock, Salt, Sand/Pearl, Stone, Pebble. The Sand portfolio originally comprised 12,702 Irish originated...

Written Answers — Department of Finance: Banking Sector Data (13 Jul 2017)

Paschal Donohoe: The data requested by the Deputy is not retained in the Department of Finance. Officials have referred the question to the relevant banks and have received the following responses in this regard: AIB: “AIB has not appointed any rent receivers in 2017. The Bank appoints Fixed Asset Receivers with the purpose of selling the asset. Where the Power of Sale is not available, the...

Written Answers — Department of Finance: Credit Union Data (13 Jul 2017)

Paschal Donohoe: There are currently three funds in place which can be utilised under certain conditions to fund credit unions, two of which have been supported by public funding.  1. The Credit Institutions Resolution Fund (CIRF) The CIRF was established under Section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (2011 Act). The Government...

Written Answers — Department of Finance: Credit Union Data (13 Jul 2017)

Paschal Donohoe: The Credit Union Act 1997 (the 1997 Act) and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (which set out services exempt from additional services regulations) set out the services that a credit union may provide to its members. These include loans; savings; account access by phone; account access by internet; third party payments (including EFT); ATM services; bureau...

Written Answers — Department of Finance: EU Budget Contribution (13 Jul 2017)

Paschal Donohoe: As the Deputy will be aware and as outlined in the table below, Ireland became a net contributor to the EU budget in 2014. EU Budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics publication. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU...

Written Answers — Department of Finance: VAT Rate Reductions (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 155 and 156 together. I am advised by the Revenue commissioners that the information provided to Revenue on tax returns does not require traders to identify the yield generated from specific products or types of activities. Therefore there is no data available to Revenue on which to base an estimate the effect of changing the VAT rate on professional fees in...

Written Answers — Department of Finance: Property Tax Data (13 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the estimated cost of allowing the Local Property Tax as an allowable expense for the purposes of rental income is in the region of €22 million. This estimate is calculated on the basis of Local Property Tax returns where it was indicated that a property was a non-principal private residence, and assumes that each taxpayer would have sufficient rental...

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (Number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.