Results 10,421-10,440 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Approved Housing Bodies (10 Oct 2017)

Paschal Donohoe: The Social Housing Current Expenditure Programme provides a means whereby properties can be built or bought by Approved Housing Bodies (AHBs) with the combined use of State and private funding, and leased by AHBs and Local Authorities from private providers, for the provision of social housing. This scheme is underpinned by a lease and other legal agreements. These provide that rental...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (10 Oct 2017)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) scheme, found in Part 16 of the Taxes Consolidation Act 1997, is a tax incentive whereby individuals who invest in certain qualifying companies obtain tax relief on the amount invested.  The entitlement to relief under the scheme is determined after the SME has issued shares to a qualifying investor. However, I am advised...

Written Answers — Department of Finance: VAT Rate Application (10 Oct 2017)

Paschal Donohoe: The European Commission is due to publish a proposal on the reform of VAT rates in November 2017, after which technical and political discussions on the proposal will commence at EU Council among all Member States. Earlier in the year preliminary details of the proposed changes were discussed as part of the EU Commission's Group on the Future of VAT - a forum for consulting VAT experts...

Written Answers — Department of Finance: Budget 2018 (10 Oct 2017)

Paschal Donohoe: The Deputy will be aware that Budget tax changes are generally implemented by means of the Finance Bill. The Regulatory Impact Assessment (RIA) Guidelines advise that it is not compulsory to apply RIA to the Finance Bill. Indeed the Guidelines go on to note that the publication of an RIA may not be appropriate in the case of tax law / regulations or the imposition of charges because of their...

Written Answers — Department of Finance: European Court of Human Rights Rulings (10 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 37 to 39, inclusive, together. As the Deputy will be aware, on 4th October 2017 the European Commission announced its intention to refer Ireland to the European Court of Justice in respect of the recovery of the alleged State Aid. I am of the opinion that it is extremely disappointing that the Commission has taken action at this time against Ireland. My...

Written Answers — Department of Finance: Ministerial Functions (10 Oct 2017)

Paschal Donohoe: As I indicated in my response to Parliamentary Question No. 84 of 27 September 2017, there are two Ministers of State appointed to the Department of Finance:  - Deputy Michael D'Arcy is Minister of State at the Department of Finance and the Department of Public Expenditure and Reform with special responsibility for Financial Services and Insurance; and - Deputy Patrick...

Written Answers — Department of Finance: EU Treaties (10 Oct 2017)

Paschal Donohoe: Following a referendum on the 31 May 2012, Ireland deposited its instruments of ratification of the Treaty on Stability, Coordination and Governance in Economic and Monetary Union done at Brussels, 2 March 2012, with the General Secretariat of the Council of the European Union on 14 December 2012. At present, the European Commission has not brought forward any legislative proposal to...

Written Answers — Department of Finance: NAMA Portfolio (10 Oct 2017)

Paschal Donohoe: The Deputy will be aware that NAMA does not, in general, own property.  Rather, NAMA acquired loans for which the properties act as security. Under Sections 99 and 202 of the NAMA Act,  NAMA is prohibited from disclosing confidential debtor information, including information on the location and type of assets owned by debtors. It is therefore not possible to identify...

Written Answers — Department of Finance: Public Sector Pensions (10 Oct 2017)

Paschal Donohoe: With some minor exceptions, public sector pensions are paid from current expenditure and specific funds are not maintained. There is no capacity therefore to tax or to derive estimates of notional taxation foregone. The practice of calculating tax foregone on private pension fund accumulation relates to the fact that there are a several such funds.

Written Answers — Department of Finance: Vehicle Registration (10 Oct 2017)

Paschal Donohoe: It is the long-standing practice of Ministers for Finance not to comment on what may be contained in upcoming budgets.

Written Answers — Department of Finance: Rent Controls (10 Oct 2017)

Paschal Donohoe: The rent a room relief was introduced with the aim of increasing the availability of rented residential accommodation. The room or rooms must be used for the purposes of residential accommodation, i.e. the occupants are effectively using the room on a long-term basis, either on its own or in conjunction with other parts of the residence, as a home. The relief does not apply to rooms that...

Written Answers — Department of Finance: Financial Services Ombudsman Remit (10 Oct 2017)

Paschal Donohoe: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions and it would not be appropriate for me to comment on how he performs those duties. The Financial Services Ombudsman deals independently with complaints from consumers about their dealings with financial service providers. Any private individual or any business,...

Written Answers — Department of Finance: VAT Rate Application (10 Oct 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: Tax Code (10 Oct 2017)

Paschal Donohoe: I am advised by Revenue that it is not their practice to comment on the application of the provisions of the national law of other countries. I am also advised that if the Deputy supplies identifying detail in respect of the person and specifies the source of income concerned, or the individual contacts Revenue with details of his circumstances and the income concerned, Revenue will advise in...

Written Answers — Department of Finance: EU Issues (10 Oct 2017)

Paschal Donohoe: The EU treaties provide for the free movement of capital and services between EU Member States.  As part of this EU common market for financial services, the “passporting” provisions in the Capital Requirements Directive IV (as transposed in Ireland through the European Union (Capital Requirements) Regulations 2014 - SI 158/2014), enable a licensed...

Written Answers — Department of Finance: VAT Rate Reductions (10 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 50 and 55 together. 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: Retail Sector (10 Oct 2017)

Paschal Donohoe: I am informed by the Central Bank that it does not collect data on the percentage of transactions in retail outlets where individuals pay with a debit or credit card, or on the transaction fees that apply to retailers accepting electronic payment transactions. In terms of fees paid by retailers, in order to be able to accept payment cards a retailer appoints an acquiring company and...

Written Answers — Department of Finance: Lobbying Data (10 Oct 2017)

Paschal Donohoe: Since March 2016, my Department has received nine Representations from a number of organisations regarding the Public Health (Alcohol) Bill, as follows: - IBEC - Hume Brophy - Responsible Retailing of Alcohol in Ireland – 3 Reps received - Alcohol Beverage Federation of Ireland - Alcohol Health Alliance – forwarded to Department of Health for direct response - Q4 PR - HSE West -...

Written Answers — Department of Finance: Banking Sector (10 Oct 2017)

Paschal Donohoe: S396c was a provision introduced by the NAMA Act 2009 which limited the amount of trading losses incurred by a NAMA participating bank that could be set-off against future trading profits. The set-off was limited to 50% of the profit in any given year. It did not disallow any tax losses from being utilised but instead lengthened the period over which they could be used. Section...

Written Answers — Department of Finance: Tax Credits (10 Oct 2017)

Paschal Donohoe: The Earned Income Credit was introduced in Budget 2016 and then increased in Budget 2017.   The tax credit is available to taxpayers with active self-employed trading or professional income and to business owners or managers who do not have access to the PAYE credit on employment income from their business. The credit provides a significant benefit to small business-owners right...