Results 10,121-10,140 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Public Sector Pensions (20 Sep 2017)

Paschal Donohoe: I understand that the Deputy has clarified that his question relates to Table 1 of Section 3 of the Report on Tax Expenditures 2016. I am advised by Revenue that regarding the first item, the employee contributions to approved superannuation schemes does include contributions by employees in the public sector, though this contribution does not include amounts paid in relation to the PRD....

Written Answers — Department of Finance: Brexit Issues (20 Sep 2017)

Paschal Donohoe: Since the referendum in the UK in June 2016, the euro-sterling bilateral exchange rate has appreciated significantly.  I am conscious of the challenges which this is posing for the exporting sectors of the economy, especially those in the more traditional sectors of manufacturing. With regard to the specific concerns raised by the Deputy, the Irish Vehicle Registration Tax (VRT)...

Written Answers — Department of Finance: Motor Insurance Regulation (20 Sep 2017)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. Setanta Insurance was a Maltese incorporated company and therefore, the Setanta liquidation is being carried out under Maltese law. The Supreme Court delivered its judgment on 25 May 2017 and overturned the previous decisions of the High Court and the Court of Appeal that the Motor...

Written Answers — Department of Finance: Tax Code (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 156, 157 and 174 together. The Review of Ireland’s Corporation Tax Code, which was undertaken by an independent expert, Mr. Seamus Coffey, was published on Tuesday, 12 September 2017.  In the Review, Mr. Coffey makes a number of recommendations in respect of Ireland’s corporation tax code, including a recommendation that a cap of 80%...

Written Answers — Department of Finance: Corporation Tax Regime (20 Sep 2017)

Paschal Donohoe: Ireland remains committed to global tax reform and believes that global solutions are needed to ensure tax is paid by companies where value is created.  That is why Ireland has been a committed participant in, and strong supporter of, tax reform efforts led by the OECD through the BEPS process.   The OECD is already carrying out important research into the digital economy, with the...

Written Answers — Department of Finance: Credit Union Mergers (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 159 to 161, inclusive, together. A transfer of engagements is a voluntary process whereby all assets, liabilities and undertakings of one or more credit unions are transferred to another credit union.  Sections 129 – 132 of the Credit Union Act 1997 set out requirements relating to a transfer of engagements between credit unions....

Written Answers — Department of Finance: Fiscal Policy (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 162 and 163 together. Fiscal space is calculated, in the first instance, using the expenditure benchmark.  The projected fiscal space from this calculation is then incorporated into the fiscal forecasts, in accordance with Government policy, in order to calculate the resulting general government balance and, in turn, the projected structural balance....

Written Answers — Department of Finance: Property Tax Data (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Taking the end 2016 statistics (the most recent year for which complete data are available), , these statistics show that 1.886 million properties were returned for the year. This includes properties for which rollover payment instructions were...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (20 Sep 2017)

Paschal Donohoe: 1. Number of Transactions Reported to Revenue Revenue has received eleven disclosures from promoters of tax schemes under the Mandatory Disclosure regime. Subsequent to receipt of the disclosures, Revenue received from the promoters associated client lists containing the names of 494 taxpayers. While a taxpayer may be listed on a client list this, in itself, is not evidence that the taxpayer...

Written Answers — Department of Finance: Property Tax Data (20 Sep 2017)

Paschal Donohoe: Part 12 of the Finance (Local Property Tax) Act 2012 (as amended) provides for a deferral or partial deferral (50%) of LPT where certain specified circumstances exist. These circumstances include ‘Income Level’, ‘Hardship’, ‘Personal Insolvency’ and ‘Personal Representative of a Deceased Person’. Once granted, a deferral normally...

Written Answers — Department of Finance: Mortgage Lending (20 Sep 2017)

Paschal Donohoe: There are certain legislative and regulatory provisions governing the provision of residential mortgage credit to consumer borrowers. One of the key measures is the Central Bank of Ireland macro-prudential measures which apply proportionate loan-to-value and loan-to-income limits to mortgage lending by regulated financial service providers. For principal dwelling home mortgages, the...

Written Answers — Department of Finance: Tax Data (20 Sep 2017)

Paschal Donohoe: Section 790AA of the Taxes Consolidation Act 1997 provides for the taxation of retirement lump sums, paid under various pension arrangements that are above the specified tax-free limit of €200,000. The following table sets out the total number of relevant retirement lump sum payments (i.e. greater than €200,000) and the associated tax collected for the years 2014 to 2016....

Written Answers — Department of Finance: Universal Social Charge (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the estimated full year cost of abolishing the Universal Social Charge (USC) in 2018 on all income less than €100,000 is €2,924 million.  This costing includes the abolition of USC on all income up to €100,000, i.e., those earning in excess of €100,000 only pay USC on the portion of their earnings in excess of €100,000....

Written Answers — Department of Finance: Tax Code (20 Sep 2017)

Paschal Donohoe: The legislation governing the deductibility of expenses incurred in employment is contained in section 114 of the Taxes Consolidation Act 1997. The provision dictates that for an expense to qualify as a deduction against income from an office or employment, the expense must be wholly, exclusively and necessarily incurred in the performance of the duties of the office or employment. For...

Written Answers — Department of Finance: Tax Collection (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the aggregate amount of all taxes and duties in dispute by way of appeal currently stands at close to €1.5 billion. The following table contains information relating to all cases currently under appeal before the Tax Appeals Commission. Band Number of Appeals (see note) Amount in Dispute (€) 0 to 10,000  2,214 3,400,399 10,000 to...

Written Answers — Department of Finance: Tax Data (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 172 and 173 together. I am advised by the Tax Appeals Commission (TAC) that it is not currently in a position to provide all the information requested by the Deputy as certain appeals related data is either not routinely collated by the TAC or is not collated in a form that is readily accessible. The TAC is currently taking steps to address these issues...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 175, 176 and 179 together. As previously advised, the Special Liquidators publish an annual progress update report on the liquidation of IBRC which is publicly available and this report also has a section on fees and costs of the liquidation and also outlines the various cost management activities undertaken by the Special Liquidators and the nature of the...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I am advised that Department of Finance officials met with the Special Liquidators of IBRC in November 2013 in order to discuss the level of costs being incurred as a result of the liquidation. This meeting was requested given the significant increase of workload being incurred over and above what was expected by the Department of Finance when the original special liquidation rates (based on...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: Question 134 of 11 September 2017, which you posed, asked for a breakdown in relation to the number of persons, by grade, performing the work of the Special Liquidators. Question 286 of 9 June 2015 asked for a breakdown of the hourly rates of each grade. I am advised by the Special Liquidators that the commercial sensitivities are around disclosing the details in relation to...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (20 Sep 2017)

Paschal Donohoe: 1. Revenue advises me that the numbers of applications received and the numbers of companies approved or refused for the Employment and Investment Incentive (EII) for each year since its introduction were as follows: Year Total Received Approved Refused 2012 83 78 5 2013 211 190 21 2014 256 239 17 2015 310 279 31 2016 322 261 61 2017 (year to date) 312 262 50 Total 1,494 1,309 185...