Results 11,221-11,240 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (21 Nov 2017)

Paschal Donohoe: The Help-to-Buy (HTB) incentive is intended to assist first-time purchasers to secure a deposit for a mortgage. In the absence of the measure, many such purchasers would have difficulty securing the required deposit under the Central Bank macro-prudential rules. The incentive is provided for in s. 477C of the Taxes consolidation Act 1997 which states: 'first-time purchaser' means an...

Written Answers — Department of Finance: Tax Reliefs Data (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the Cost of Tax Expenditures table is available on the Revenue Statistics webpage at . This table sets out data on a wide range of reliefs, credits and allowances, including the number of taxpayer units benefiting from relief in respect of qualifying third level education fees, as well as the estimated total cost to the Exchequer, for the years 2004-2015, the...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (21 Nov 2017)

Paschal Donohoe: The Help to Buy incentive aims to both assist those first-time buyers struggling to save for the deposit required to purchase a home, as well as incentivising additional building and the provision of extra housing stock. To avail of the incentive involves two stages. Stage 1 is the Application Stage, wherein prospective applicants can query whether they qualify for the incentive. They can...

Written Answers — Department of Finance: Tax Code (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that inheritance tax may be payable by a person who is resident or ordinarily resident in the State where the person (i.e. the beneficiary) receives an inheritance from the estate of a deceased person living in the UK.  Double taxation can potentially arise because Irish inheritance tax is based on the country of residence of the beneficiary while UK inheritance...

Written Answers — Department of Finance: Tax Avoidance (21 Nov 2017)

Paschal Donohoe: The Deputy will appreciate that this is a complex area which I will be seeking to address during the forthcoming stages of Finance Bill 2017.

Written Answers — Department of Finance: Real Estate Investment Trusts (21 Nov 2017)

Paschal Donohoe: The Finance Act of 2013 introduced the regime for the operation of Real Estate Investment Trusts (REITs) in Ireland, found in Part 25A of the Taxes Consolidation Act 1997.  The regime provides for a collective investment vehicle for persons wishing to invest in property.  REITs must be widely held, as it is a requirement that the REIT not be a “close company”, that is,...

Written Answers — Department of Public Expenditure and Reform: eGovernment Services (21 Nov 2017)

Paschal Donohoe: The Office of the Government Chief Information Officer (OGCIO), part of my Department, has the overarching brief to strategically leverage ICT within the Public Service to improve outcomes for citizens and businesses. As part of this brief, the OGCIO works with other Departments and the EU to produce policies, strategies and systems that...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (21 Nov 2017)

Paschal Donohoe: Since its commencement on 1 January 2013, the Single Scheme has been the default pension scheme for new-recruit personnel across all sectors of the Irish public service, including civil servants. My Department undertakes an annual census of Single Scheme members across the public service at the end of each year. The last annual census undertaken was for the year ended 31 December...

Written Answers — Department of Public Expenditure and Reform: Superannuation Schemes (21 Nov 2017)

Paschal Donohoe: There are various arrangements in operation throughout the Civil and Public Service which can provide in certain circumstances for added notional years of reckonable service when calculating superannuation benefits. - Professional Added Years Schemes: These schemes apply to certain professional, technical and specialist posts in both the Civil and Public Service. Subject to certain...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (21 Nov 2017)

Paschal Donohoe: As the Deputy will be aware, the Government is adopting a whole-of-Government approach to Brexit which is being led by the Minister for Foreign Affairs & Trade. Work at Cabinet level is being prepared through a range of cross-Departmental coordination structures. These represent a frequent and active channel through which all relevant Departments are providing their research,...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Training (21 Nov 2017)

Paschal Donohoe: The information requested by the Deputy is set out in the table and includes expenditure on learning and development initiatives covering general training programmes and continuous professional development undertaken by my Department. The Civil Service Renewal Plan is committed, inter alia, to ensuring through appropriate training and life-long learning and development that the Civil Service...

Written Answers — Department of Public Expenditure and Reform: Departmental Communications (21 Nov 2017)

Paschal Donohoe: The Department of Public Expenditure and Reform manages the central Government domain name servers. Management is through a self service web portal allowing each public service body to manage their own domains. The Department owns and operates the gov.ie domain. Central Government Departments register and operate subdomains which allow for entries such as per.gov.ie. Control of each...

Written Answers — Department of Public Expenditure and Reform: Parliamentary Questions Costs (21 Nov 2017)

Paschal Donohoe: The processing of Parliamentary Questions is undertaken as part of the normal day to day work of individual sections within Departments and no staff in my Department are assigned full time to dealing with Parliamentary Questions.  Parliamentary Questions are coordinated by the Corporate Office and are dealt with, as the need arises, by the staff in the sections dealing with the...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (21 Nov 2017)

Paschal Donohoe: The Single Public Service Pension Scheme (Single Scheme) was introduced for new entrants to the public service from 1 January 2013. There is no specific provision in the Public Service Pensions (Single Scheme and Other Provisions) Act 2012 which established the Single Scheme, to provide for the augmentation of pension benefits by individual members of the Single Scheme. Notwithstanding...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Good evening, Deputy. How are you?

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: No.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: The Finance Bill refers to a one year period. The main reason for that is because I aim to carry out an overall review next year of how we provide benefit-in-kind treatment to all motor vehicles. I want to ensure that this policy decision next year fits into the broader review we have underway. As I confirmed on Second and Committee Stages, it is my intention to retain this relief for a...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Across our tax code we have many forms of relief that are time-bound. As such, this example is no different. I take on board the point made by the Deputy and I will see if there are other ways in which this policy statement from me can be made clearer to those who would be involved with the purchase of these vehicles. I have explained why I am making it available for one year. It is a...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Deposit interest retention tax, DIRT, is deducted by Irish financial institutions from deposit interest paid or credited to the accounts of Irish residents. The basic rate is 39%. This was provided for in the Finance Act 2016. This will fall to 37% from 1 January 2018 and by a further 2% each year until 2020 when it will be 33%. It is a final liability tax, that is, it satisfies the...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I will give an example of the complexity to which I referred earlier. An investment undertaking tax, which is in place for some of these products, operates at a 41% rate with an eight-year disposal window. We then have a 60% rate in relation to personal portfolio life insurance products that also operate over an eight year window. In terms of some life assurance products, we also have a 41%...