Results 10,041-10,060 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Union Advisory Committee (11 Sep 2017)

Paschal Donohoe: The Credit Union Advisory Committee (CUAC) in its Review of Implementation of the Recommendations in the Commission on Credit Unions Report (CUAC Report) recommended the establishment of an Implementation Group for a specified period of time . As previously referred to in Parliamentary Question No. 196 on 4 April 2017 and Parliamentary Question No. 74 on 18 May...

Written Answers — Department of Finance: Credit Union Services (11 Sep 2017)

Paschal Donohoe: As previously referred to in Parliamentary Question Nos. 197 on 4 April 2017 and 75 on 18 May 2017, the Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit...

Written Answers — Department of Finance: Banking Sector (11 Sep 2017)

Paschal Donohoe: As the Deputy is aware, the Programme for Government commits the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs (DAHRRGA) and the Department of Finance to investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions. Responsibility for this commitment has now moved from the DAHRRGA to the Department of Rural...

Written Answers — Department of Finance: Stamp Duty (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the information listed in the below Tables is the information that persons filing Stamp Duty returns are asked to supply in respect of the transfer (including long term and short term leases) of residential and non-residential land.  The actual information supplied depends on the content of the document of conveyance/transfer or lease.  All information...

Written Answers — Department of Finance: Property Tax Exemptions (11 Sep 2017)

Paschal Donohoe: I am informed by Revenue that the number of Local Property Tax (LPT) exemptions in each Local Authority is as outlined in the table below for the 2016 liability year. Data for 2017 is at present highly provisional and stable figures will not be available until year end. The rational for each exemption and the eligibility criteria is documented at...

Written Answers — Department of Finance: Public Services Card (11 Sep 2017)

Paschal Donohoe: I wish to advise the Deputy that my Department (Department of Finance) has no plans to make services or payments dependent on mandatory use and production of the public services card. With respect to the eighteen bodies under the aegis of my Department, I have been advised that seventeen have no plans to make services or payments dependent on the mandatory use and production of...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (11 Sep 2017)

Paschal Donohoe: The Home Renovation Incentive (HRI) provides a tax relief by way of an income tax credit on repair, renovation or improvements works on principal private residences or rental properties carried out by tax compliant contractors. HRI came into operation on 25 October 2013, with rental properties being brought within its scope from 15 October 2014.  The scheme is...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. Article 78 of the VAT Directive provides that the taxable amount shall include “taxes, duties, levies and charges, excluding the VAT itself”. The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration receivable...

Written Answers — Department of Finance: Motor Insurance Costs (11 Sep 2017)

Paschal Donohoe: At the outset, the Deputy should note that 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, have the power to direct insurance companies on the pricing of insurance products. Indeed, the EU framework for insurance expressly prohibits Member States from adopting rules which require...

Written Answers — Department of Finance: Motor Tax (11 Sep 2017)

Paschal Donohoe: Motorhomes are classed as Category B vehicles and therefore are subject to a rate of VRT of 13.3% of their Open Market Selling Price (OMSP). This compares to Category A (passenger) vehicles which are charged at rates between 14% and 36% of their OMSP depending on the level of CO2 they emit. There are a number of objectives of the Irish Vehicle Registration Tax (VRT) system. VRT is an...

Written Answers — Department of Finance: Bank Codes of Conduct (11 Sep 2017)

Paschal Donohoe: The Code of Conduct on Mortgage Arrears Provides that "A lender must maintain recordings of all Arrears Support Unit telephone calls made to or from a borrower in relation to his/her arrears or pre-arrears." and that "All records required by, and demonstrating compliance with this Code, must be retained by the lender for six years. In addition, all records relating to a borrower...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (11 Sep 2017)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s National Promotional Institution for SMEs and its strategic mission is to deliver effective financial supports to Irish SMEs that address failures in the Irish credit market, while driving competition and innovation and ensuring the efficient use of available EU resources. The SBCI achieves this aim through the provision...

Written Answers — Department of Finance: Departmental Staff Data (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 191 and 192 together. The annual percentage of public service staff that were women in my Department in each of the years 2010 to 2016 and to date in 2017 is set out in the following table: Year Percentage of public service staff that were women 2010 49.76% 2011 48.19% 2012 49.10% 2013 49.44% 2014 50.30% 2015 46.88% 2016 45.70% 2017 (to 31/08/2017)...

Written Answers — Department of Finance: Banking Sector (11 Sep 2017)

Paschal Donohoe: As the Deputy is aware, the Programme for Government commits the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs (DAHRRGA) and the Department of Finance to investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions. Responsibility for this commitment has now moved from the DAHRRGA to the Department of Rural...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the tax treatment to be applied in the case supplied by the Deputy would depend on the conditions attached to the inheritance of the cash benefit, if any, by the disponer and on whether the inheritance also consisted of agricultural property. Section 89 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for agricultural relief. The...

Written Answers — Department of Finance: Currency Exchange (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 195, 200, 201 and 216 together. At the outset, let me say that sectoral issues are a matter for the relevant Departments and Ministers.  It must be acknowledged that exchange rate movements over the past year have caused difficulties, particularly for the labour-intensive indigenous sectors. Euro-sterling exchange rate developments have been largely...

Written Answers — Department of Finance: Property Tax (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 196 and 244 together. The Department of Finance engaged Dr. Don Thornhill in 2015 to conduct a review to consider and make recommendations on the operation of the Local Property Tax, in particular any impacts on LPT liabilities due to property price developments. Dr. Thornhill made a number of recommendations in his report on his review of the...

Written Answers — Department of Finance: National Debt (11 Sep 2017)

Paschal Donohoe: The National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National Debt is the principal component of General Government Debt. Details of the provisional and unaudited composition of Gross National Debt, its residual maturity and average interest rates as at end-June 2017 are set out in the table below. The exact...

Written Answers — Department of Finance: Tax Strategy Group (11 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, the Tax Strategy Group (TSG) is in place since the early 1990’s and is chaired by the Department of Finance with membership comprising senior officials and political advisers from a number of Civil Service Departments and Offices. Papers on various options for tax policy changes are prepared annually by Department of Finance officials. The TSG is not a...

Written Answers — Department of Finance: Mortgage Book Sales (11 Sep 2017)

Paschal Donohoe: The proposed sale referred to in media reports appears to relate the sale of buy-to-let mortgages rather than homeloans.  Nevertheless I will address the Deputy's concern in relation to homeloans.     The Deputy will be aware that there are substantial protections in place for customers in the event that a loan is sold from the original provider to a third...