Results 11,321-11,340 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Rebates (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue, following on from the reply to PQ 48659/17 which issued on 16 November, the person concerned has been in receipt of the Rent Tax Credit for all years since 2005. Therefore I can confirm that no additional refund is due.

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the penalties to be applied in the case of persons who did not come forward by 4 May 2017 to make a qualifying disclosure and who have tax liabilities relating to offshore matters will be determined in accordance with Revenue’s Code of Practice for Revenue Audit and other Compliance Interventions. The rate of penalty in a particular case is determined by...

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are a number of obligations placed on financial institutions to provide information to Revenue in respect of offshore income sources and assets. Section 895 Taxes Consolidation Act (“TCA”) 1997 (with effect from 1 June 1992) places an obligation on intermediaries, including financial institutions, which act for or assist Irish residents in...

Written Answers — Department of Finance: State Aid Investigations (23 Nov 2017)

Paschal Donohoe: Ireland has never accepted the Commission’s analysis in the Apple State aid Decision. However, we have always been clear that the Government is fully committed to ensuring that recovery of the alleged Apple State aid takes place without delay and has committed significant resources to ensuring this is achieved as quickly as possible whilst ensuring that the interests of the Irish...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (the Central Bank) does not regulate unregulated loan owners. The Central Bank therefore has no role in monitoring the methodology used by unregulated lenders to calculate mortgage arrears. However, the Central Bank is responsible for the regulationof bank lenders and non-bank lenders. This includes the monitoring of regulated entities’, including bank...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 Nov 2017)

Paschal Donohoe: I have been informed by the Central Bank that it has been advised of the introduction of some changes to the way monthly loan payments are calculated. The Central Bank advised me that it has been considering this issue, however due to statutory confidentiality requirements, the Central Bank may not publicly disclose much of its supervisory engagement with individual firms.

Written Answers — Department of Finance: Financial Services Ombudsman Data (23 Nov 2017)

Paschal Donohoe: Given the breadth and number of both financial services and products and the conducts complained of by consumers, I understand that it is not possible for the Financial Service Ombudsman to capture and categorise the detailed nature of each complaint to him. I have been informed that the Financial Services Ombudsman's Bureau does not currently capture data at the level...

Written Answers — Department of Finance: Mortgage Data (23 Nov 2017)

Paschal Donohoe: The Central Bank has informed me that it has been considering this issue but is not in a position to release supervisory information regarding any institution. Due to statutory confidentiality requirements, the Central Bank may not publicly disclose much of its supervisory engagement with individual firms. In particular, the Central Bank can, generally speaking, only disclose such...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (the Central Bank) does not regulate unregulated loan owners. The Central Bank therefore has no authority to investigate and impose a fine on an unregulated loan owner. However, under the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (2015 Act), if a firm who bought loans from an original lender is unregulated then the loans must be serviced...

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Paschal Donohoe: At the outset the Deputy should note that it was the Liquidator who commissioned actuarial consultants, Willis Towers Watson, to carry out an analysis of Setanta Insurance’s claims reserves as at 30 June 2017. The Liquidator sought this report for the purposes of internal management reporting and to assist in determining the potential shortfall in assets available to cover the...

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Paschal Donohoe: The failure of Setanta Insurance in 2014 and the uncertainty that followed over the compensation arrangements for claimants highlighted weaknesses in the existing insurance compensation framework in Ireland. Following the placing of Setanta into liquidation, legal proceedings commenced between the Law Society of Ireland and the Motor Insurers Bureau of Ireland. In May of this year, the...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (23 Nov 2017)

Paschal Donohoe: At the most recent meeting of the Community Sector High Level Forum, in April of this year, my Department outlined its intention to conduct a detailed scoping exercise in order to comprehensively examine and assess the full potential implications of the issues under consideration. In considering the particular matter referred to, regard must be had to the costs and precedent of such an...

Written Answers — Department of Finance: Corporation Tax (28 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 103 and 104 together. I am advised by Revenue that information in respect of the Exchequer cost of Double Taxation (including additional foreign tax credit) is available in tabular form on the Revenue Statistics webpage at . The amount of the tax credit claimed by companies is shown separately at for 2011 to 2015 (the most recent year available)....

Written Answers — Department of Finance: Appointments to State Boards Data (28 Nov 2017)

Paschal Donohoe: I am advised that the number of vacancies on each State board under the aegis of my Department is as follows: State Board Number of vacancies Central Bank Commission 2 Credit Union Restructuring Board Nil Financial Services Ombudsman Council 3 Irish Fiscal Advisory Council Nil National Asset Management Agency 2 National Treasury Management Agency Nil...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (28 Nov 2017)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) is aimed at reducing the cost to employers of assigning key individuals already employed by their companies from abroad to take up positions in the Irish based operations of the employer. The intention is that the recipients of SARP will assist with the establishment of additional functions for their companies in Ireland and, due to a...

Written Answers — Department of Finance: Stamp Duty (28 Nov 2017)

Paschal Donohoe: As the Deputy’s Question refers to a home, it is assumed that the Question is in relation to residential property.  The current rate of Stamp Duty on residential property is 1% on the first €1 million of the consideration and 2% on any excess. First time buyers are liable to the current Stamp Duty rates on residential property. The majority of such properties would...

Written Answers — Department of Finance: Data Protection (28 Nov 2017)

Paschal Donohoe: As the Deputy is aware, the Credit Reporting Act 2013 provides for the establishment of the Central Credit Register (CCR) by the Central Bank of Ireland. The Act (and the Regulations made under that Act) provide the legal basis for the collection and processing of specified personal and credit information for the purposes of the CCR. The Central Bank has advised that, in the...

Written Answers — Department of Finance: Appointments to State Boards Data (28 Nov 2017)

Paschal Donohoe: Following a review of the work of the Credit Union Restructuring Board's (ReBo) work, as required under the Credit Union and Co-operation with Overseas Regulators Act 2012, which demonstrated that it has completed the performance of its restructuring functions, ReBo is in the process of being dissolved.  ReBo’s restructuring activity ceased on 31 March 2017 and its...

Written Answers — Department of Finance: Tax Collection (28 Nov 2017)

Paschal Donohoe: I am informed by Revenue that the inheritance tax treatment in the case of a right of residence depends on whether or not that right of residence is an exclusive one, i.e. where the beneficiary has the right to exclude other people if he or she so chooses. An exclusive right to live in a property is generally given as a life interest which means that the sibling in residence in effect...

Written Answers — Department of Finance: Tracker Mortgages (28 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 111 to 114, inclusive, together. The Central Bank’s Tracker Mortgage Examination requires all mortgage lenders that provided tracker interest rate mortgages in the Irish market to conduct a complete review of their mortgage loan books to assess compliance with both contractual and regulatory requirements relating to tracker mortgages. Lenders’...