Results 9,881-9,900 of 32,864 for speaker:Paschal Donohoe

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

Paschal Donohoe: The expenditure disclosed in the table relates to signed contracts for the provision of goods or services. In some cases, the amount shown is a cumulative figure based on a number of separate contracts. All of these contracts are actively managed. To date in 2017, my Department has not made any payments to any agency, organisation, or body in excess of €1,000,000. However, it...

Written Answers — Department of Finance: Motor Insurance Coverage (26 Jul 2017)

Paschal Donohoe: 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 nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept.  This...

Written Answers — Department of Finance: Insurance Costs (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 148, 207 and 208 together. My predecessor as Minister for Finance, Michael Noonan T.D. established the Cost of Insurance Working Group in 2016 in order to examine the factors contributing to the increasing cost of insurance and identify what short, medium and long-term measures can be introduced to help reduce the cost of insurance for consumers and...

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: Bank Branch Closures (26 Jul 2017)

Paschal Donohoe: I refer the Deputy to PQ 19081/17, which was answered on 13 April 2017. I should stress at the outset that the Irish Government has no formal role in the commercial decisions of the banks as to their future business model and whether or not they will close particular branches.  The Deputy will no doubt appreciate that the provision of services by banks, including the location of...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 Jul 2017)

Paschal Donohoe: The Central Bank’s Code of Conduct on Mortgage Arrears (CCMA) provides a strong consumer protection framework to ensure that each borrower who is struggling to keep up mortgage repayments is treated in a timely, transparent and fair manner by lenders.   The CCMA sets out how lenders must treat borrowers in mortgage arrears, or facing mortgage arrears,...

Written Answers — Department of Finance: Central Bank of Ireland Staff (26 Jul 2017)

Paschal Donohoe: I am advised by the Central Bank that there are 155 open competitions in operation, and a total of 188 positions to be filled to bring staffing total to the approved complement. The breakdown of this vacancies is set out as follows: Pillar 2017 Complement Closing at Jun-2017 Variance (vacancies) to complement at end Jun-2017 Current staffing Vs. Compliment % vacancies Central Banking...

Written Answers — Department of Finance: Universal Social Charge Abolition (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 153 to 155, inclusive, 165 and 166 together. The Universal Social Charge (USC) is projected to raise approximately €3.7 billion in Exchequer receipts terms in 2017, with this level expected to increase, on a dynamic basis, as employment and wage growth are projected to continue over the forecast horizon.  For example, on a no policy change...

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

Paschal Donohoe: I am informed that the estimated cost of abolishing the Local Property Tax (LPT) in 2018 would be in the order of €460 million, based on my Department’s latest official forecast of LPT receipts for next year.

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

Paschal Donohoe: I wish to advise the Deputy that, under Sections 99 and 202 of the NAMA Act, NAMA is precluded from disclosing confidential information, including information relating to debtors and the assets under their control. I am advised that, at its recent appearance before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach, NAMA stated that it holds security...

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

Paschal Donohoe: I am advised by Revenue that the cost of tax relief on medical insurance premiums between 2004 and 2015, the latest year for which data are available, is published online on the Revenue website and is available at: . In Budget 2014 a maximum premium threshold of €1,000 per adult and €500 per child was introduced on medical insurance premiums that would continue to be eligible...

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

Paschal Donohoe: I propose to take Questions Nos. 159 and 160 together. An exemption from tax is available on income of up to €15,000 per annum for individuals who mind up to three children in their own home. I am advised by Revenue that the numbers availing of the exemption of income arising from the provision of childcare services between 2006 and 2015, the latest year for which data are available,...

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

Paschal Donohoe: I propose to take Questions Nos. 161, 163 and 164 together. I am advised by Revenue that the available statistics on the calculation of corporate profits and related data are published on the Revenue website for the years 2011 to 2015 at: . In addition, a table showing the cost of tax expenditures, including the cost of losses is available at: .

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

Paschal Donohoe: The yield from VRT in 2016 was €814 million.

Written Answers — Department of Finance: Central Bank of Ireland Transactions (26 Jul 2017)

Paschal Donohoe: The transaction reporting regime established under the EU Markets in Financial Instruments Directive obliges investment firms to report to competent authorities, relevant details of certain financial transactions they execute, including shares. The designated competent authority in Ireland is the Central Bank of Ireland and the details of the transaction reporting regime is set out in...

Written Answers — Department of Finance: Financial Instruments (26 Jul 2017)

Paschal Donohoe: In Europe data is collected on derivative transactions in accordance with the requirements set out under Regulation (EU) No. 648/2012 or the European Markets Infrastructure Regulation (EMIR).  As required by EMIR, trade repositories were established to centrally collect and maintain the records of derivative transactions by EU counterparties. They...

Written Answers — Department of Finance: Financial Instruments (26 Jul 2017)

Paschal Donohoe: I am informed that the Central Bank has access to data on transactions in derivatives reported by Irish counterparties to a trade repository under the provisions of Regulation 648/2012 on OTC Derivatives, Central Counterparties and Trade Repositories (“EMIR”). The Central Bank notes that concerns remain about the quality of this data.  Under law, the Central Bank is...

Written Answers — Department of Finance: Stamp Duty (26 Jul 2017)

Paschal Donohoe: I take it that the Deputy is referring to the stamp duty charged on the purchase of stocks and marketable securities of Irish incorporated companies. The following table sets out the receipts from this stamp duty for the years 2007-2016. Year Stamp Duty on stocks and marketable securities 2007 €609m 2008 €419m 2009 €208m 2010 €182m 2011...

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

Paschal Donohoe: The Central Bank calculates household net worth at an aggregate level as the sum of household housing and financial assets minus their liabilities. According to its most recent Quarterly Financial Accounts, as of Quarter 4 of 2016 household net worth stood at €654 billion. The breakdown is provided in the following table. Household Net Worth (€ billions) Date Financial...

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

Paschal Donohoe: I assume the Deputy’s question refers to the distribution of household net wealth (i.e. assets less liabilities). In 2013, the Central Statistics Office conducted the Household Finance and Consumption Survey (HFCS). This survey provided for the first time comprehensive data on household wealth in Ireland. The survey provides information on the ownership and values of different types...