Results 9,861-9,880 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: VAT Rate Application (26 Jul 2017)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment in advance of the budget on any tax matters that might be the subject of budget decisions.

Written Answers — Department of Finance: Brexit Issues (26 Jul 2017)

Paschal Donohoe: I am well aware of the threat Brexit poses to every sector of the economy, including the haulage industry. I have received a pre-budget submission and a meeting request from the organisation concerned. Both the submission and request for a meeting are being considered. I would like to note that in recent years a number of measures have been introduced to reduce the operating expenses...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 126 and 133 together. I am advised by Revenue that the yield to the Exchequer from the introduction of a third rate of income tax on incomes over €100,000 is available in the Ready Reckoner which is published by Revenue and available at . In relation to the question about minimum effective tax rates, I assume the Deputy is referring to the high earners...

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: Further to the reply to Question No. 119 of 13 July last, which provided a detailed answer to the Deputy setting out the operation of this relief, I am advised by Revenue that the relief operates where a married couple comprises one individual who is tax-resident in Ireland and one who is tax-resident in another jurisdiction. The relief serves to ensure the taxation of the portion of the...

Written Answers — Department of Finance: Ministerial Responsibilities (26 Jul 2017)

Paschal Donohoe: In response to the Deputy, I can advise that while I was recently appointed as Minister for Finance and Public Expenditure and Reform for both the Department of Finance and the Department of Public Expenditure and Reform, I am in effect running two separate Departments as separate legal entities.

Written Answers — Department of Finance: Bank Charges (26 Jul 2017)

Paschal Donohoe: A new EU Directive, the revised EU Payment Services Directive, is currently being transposed and will enter into effect in all EU Member States on 13 January 2018. This Directive prohibits surcharging on payment cards covered by the EU Interchange Fee Regulation, meaning that surcharging will be prohibited on the vast majority of credit and debit cards held by consumers. Once the Directive...

Written Answers — Department of Finance: NAMA Legal Fees (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 130 and 199 together. The information sought by the Deputy, with regard to legal fees paid by NAMA, is set out in the following table for the period from 2010 to date. I am advised by NAMA that the figures do not include recoverable fees, i.e. legal fees that NAMA has incurred on behalf of debtors that are added to debtor loan balances. Having regard to the...

Written Answers — Department of Finance: Tax Collection Forecasts (26 Jul 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that estimates of the amount of additional duty that would be generated if the rate of betting tax was increased from 1% to 3% is available in the pre-Budget 2018 Ready Reckoner at: .  The additional revenue generated if the betting tax was increased to 5% would be €250 million on a straight line basis and assuming nothing else changes.

Written Answers — Department of Finance: Property Tax Yield (26 Jul 2017)

Paschal Donohoe: I am informed that no distinction is made in the Tax Code between vacant and occupied properties. It is not possible therefore to derive estimates from Revenue statistics in relation to the Deputy's question. The Urban Regeneration and Housing Act 2015  includes a new measure, the vacant site levy, which is aimed at incentivising the development of vacant, underutilised sites...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: General Government Gross Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. National Debt is effectively a domestic measure as it is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (26 Jul 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 in...

Written Answers — Department of Finance: Gross National Income (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 136 and 140 together. I am assuming the Deputy is referring to the ratio using the new national indicator published by the Central Statistics Office (CSO), so-called modified Gross National Income (GNI*).  This new measure of economic activity in Ireland is defined as GNI less the impact of re-domiciled companies and the...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: As a result of the recently released National Income and Expenditure (NIE) results the 2016 GDP and GNI have undergone upward revisions compared to the estimates available at the time of compiling the 2017 Stability Programme Update (SPU). The updated ratios of Gross General Government Debt and Net General Government Debt are presented in the following table.  In addition the ratios are...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: General Government Gross Debt is the gross debt liabilities of the consolidated General Government (GG) sector, at nominal value. It excludes liabilities in derivatives, equity liabilities, pension and insurance liabilities and accounts payable. General Government Net Debt is a measure produced in accordance with the methodology of the IMF/World Bank Public Sector Debt Statistics...

Written Answers — Department of Finance: Banks Recapitalisation (26 Jul 2017)

Paschal Donohoe: The market value of the State's remaining equity stakes in the banks, as at 19 July 2017, was: Bank Value of our stake – ISE close, 19th July 2017 AIB €9.6bn BOI €1.0bn PTSB €0.8bn Total €11.4bnThe State also holds warrants in AIB that are exercisable for a number of shares equivalent to 9.99% of the issued share capital of the bank, at a price...

Written Answers — Department of Finance: Government Expenditure (26 Jul 2017)

Paschal Donohoe: Non-voted expenditure, which is generally non-discretionary in nature, is paid out of the Central Fund under specific legislation. It consists of items such as the service of the National Debt, contributions to the European Union Budget, the Houses of the Oireachtas Commission, judicial salaries and pensions and the salaries and pensions of the President and Comptroller and Auditor General....

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. National Debt is effectively a domestic measure as it is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National...

Written Answers — Department of Finance: Government Expenditure (26 Jul 2017)

Paschal Donohoe: Total non-voted expenditure in 2016 was €12,090 million, comprising €9,581 million and €2,508 million of current and capital expenditure respectively. The monthly Exchequer statement provides a further breakdown of current and capital non-voted expenditure under a number of different headings. The main items under non-voted current and capital expenditure for 2016 are...

Written Answers — Department of Finance: NAMA Operations (26 Jul 2017)

Paschal Donohoe: Currently NAMA expects to redeem 100% of its guaranteed senior debt by the end of 2017 and expects to redeem its subordinated debt in March 2020.  NAMA will focus on completing its ongoing deleveraging, its Dublin Docklands SDZ and residential funding programmes in the interim period to 2020. NAMA's 2016 Annual Report, which provides further insight...

Written Answers — Department of Finance: NAMA Operations (26 Jul 2017)

Paschal Donohoe: The Deputy will be aware that NAMA outlined in its 2016 Annual Report that the Agency expects to return a surplus to the State in the region of €3bn, subject to prevailing market conditions, when it completes its work. It is important to recognise that this is a projected surplus - it will only materialise after NAMA’s debt is fully repaid and NAMA’s ongoing work is...