Results 10,501-10,520 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs Eligibility (17 Oct 2017)

Paschal Donohoe: In the absence of specific information it is difficult to provided a comprehensive reply to the Deputy. Relief in respect of health expenses, granted in accordance with section 469 of the Taxes Consolidation Act 1997, is used to reduce the Irish tax liability of an individual in respect of the year of assessment in which the expenses are incurred. In general, if an individual is tax...

Written Answers — Department of Finance: State Aid (17 Oct 2017)

Paschal Donohoe: The Government profoundly disagrees with the European Commission’s analysis in the Apple State Aid case. An appeal is therefore being brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union (GCEU), asking it to annul the Commission’s Final Decision. The Attorney General prepared the legal grounds...

Written Answers — Department of Finance: Fiscal Policy (17 Oct 2017)

Paschal Donohoe: The allocation for fiscal space in Budget 2018 was flagged in note 2, table A8 of the Economic and Fiscal Outlook of Budget 2018 book as being unchanged from that which was presented in Summer Economic Statement 2017. In my Budget 2018 speech, I announced that the remaining unallocated fiscal space for 2018 would amount to a little over €500 million in nominal terms, and that...

Written Answers — Department of Finance: Tax Yield (17 Oct 2017)

Paschal Donohoe: The Revenue Ready Reckoner ,on page 18) shows the effect of a 0.5% increase in the Stamp Duty rate on non-residential property (€47m). This is multiplied up to €94m for a 1% increase, or €376m for a 4% increase. I am advised by Revenue that the estimated yield for 2018 is based on payments of Stamp Duty on the purchase of non-residential property in 2016 and an...

Written Answers — Department of Finance: State Aid (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 145 to 148, inclusive, and 153 together. As announced in my Budget speech on 10 October 2017, it is my intention to establish Home Building Finance Ireland (HBFI) to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding.  HBFI will be a stand-alone entity which...

Written Answers — Department of Finance: Budget Measures (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 149 and 152 together. As the Deputy is aware, the impact of Brexit is currently still unfolding. However, what is clear is that Brexit is likely to affect Ireland’s trade patterns and SMEs. To meet the working capital needs of Irish SMEs and to assist them with adapting and innovating in response to the challenges, and opportunities, posed by...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (17 Oct 2017)

Paschal Donohoe: The establishment of the Rainy Day Fund, including the proposed transfer of €1.5 billion from the Ireland Strategic Investment Fund (ISIF), will require legislation. In addition, the Summer Economic Statement confirmed the Government’s intention to allocate €500 million per annum to the Rainy Day Fund in 2019 and subsequent years to 2021. This would imply,...

Written Answers — Department of Finance: Budget Measures (17 Oct 2017)

Paschal Donohoe: As part of an ongoing process to support entrepreneurship and start-up companies generating employment, I announced on Budget day the introduction of the Key Employee Engagement Programme, a new, SME-focused, share-based remuneration incentive scheme. Under this incentive, gains arising to the employee on the exercise of the share options will be subject to tax when the employee...

Written Answers — Department of Public Expenditure and Reform: Referendum Data (17 Oct 2017)

Paschal Donohoe: The approximate costings for all referendums since 2001 are set out in the table with the exception of the referendums held in 2004 and 2011. Month/​Year ​Referendum ​Approximate Cost ​ ​June 2001 ​Prohibition of Death Penalty €11.1m International Criminal Court   Treaty of Nice March 2002​ Protection of...

Written Answers — Department of Public Expenditure and Reform: Community Sector High Level Forum (17 Oct 2017)

Paschal Donohoe: Meetings of the Community Sector High Level Forum took place on 24 February and more recently 7 April 2017.  The minutes of these meetings await formal approval by the parties to the Forum and will on such approval be publicly available on my Department's website.  Previously approved meeting minutes are publicly available on my Department's website. In considering the...

Written Answers — Department of Public Expenditure and Reform: Criminal Assets Bureau (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 160 and 161 together. The objectives and functions of the Criminal Assets Bureau are set out in sections 4 and 5 respectively of the Criminal Assets Bureau Act 1996.  In summary, they require the Bureau to: (i) identify and investigate the proceeds of criminal conduct; (ii) take action under the Proceeds of Crime Acts 1996-2016 to deny...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (17 Oct 2017)

Paschal Donohoe: Cost Neutral Early Retirement (CNER) is a facility which allows qualifying officers who wish to retire up to ten years before preserved (or minimum) retirement age to apply to receive immediate payment of lump sum and pension, as an alternative to preserved benefits. The lump sum and pension are reduced to make them the equivalent, in actuarial terms, of preserved benefits....

Written Answers — Department of Public Expenditure and Reform: Office of the Ombudsman Data (17 Oct 2017)

Paschal Donohoe: I am advised that in 2016 the Office of the Ombudsman examined 3,110 complaints.  I understand that 79% of these were completed within 3 months and 96% were completed within 12 months. The Office of the Ombudsman sets itself annual case turnaround targets and progress against targets is closely monitored by senior management. The deployment of staff and case handling...

Written Answers — Department of Public Expenditure and Reform: Community Sector High Level Forum (17 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 167 to 169, inclusive, together. The Community Sector High Level Forum was reconvened in 2015 to give consideration to a number of issues including the issue to which the Deputy refers. Meetings took place on 24 February and more recently 7 April 2017.  The minutes of these meetings await formal approval by the parties to the Forum and...

Written Answers — Department of Finance: Stamp Duty (18 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 86 and 89 together. In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty rate...

Written Answers — Department of Finance: Tax Code (18 Oct 2017)

Paschal Donohoe: I am advised by Revenue that section 86 of the Capital Acquisitions Tax Consolidation Act 2003 provides an exemption from capital acquisitions tax on the inheritance or gift of a dwelling house in certain circumstances. One of the qualifying conditions for the dwelling house exemption is that the beneficiary does not have an interest in another dwelling house when he or she claims the...

Written Answers — Department of Finance: Budget Measures (18 Oct 2017)

Paschal Donohoe: Following the recommendation of the Low Pay Commission, the national minimum wage will increase from €9.25 per hour to €9.55 per hour in 2018. For an individual working full-time on the minimum wage (i.e. 39 hours per week), this should result in an increase to gross income of €608 per annum. A single person on the current minimum wage, i.e. with annual employment...

Written Answers — Department of Finance: National Debt (18 Oct 2017)

Paschal Donohoe: As I have already explained in my written answer to parliamentary question 42703/17, 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....

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (18 Oct 2017)

Paschal Donohoe: The Help to Buy initiative is available to persons who have not previously owned, or part-owned, a dwelling. I am advised by Revenue that the ownership of purely agricultural land that does not include a dwelling would not preclude a person, who otherwise meets the qualifying criteria, from availing of the scheme. Comprehensive details of the operation of the Help to Buy are...

Written Answers — Department of Finance: Pension Provisions (18 Oct 2017)

Paschal Donohoe: I am advised by Revenue that an individual in a defined contribution pension savings arrangement has the option, on retirement, of putting the funds accumulated under the arrangement into an Approved Retirement Fund (ARF), subject to conditions. Where such an individual is under the age of 75 at the time of exercising the option and does not meet the requirement of having a minimum...