Results 11,381-11,400 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Stamp Duty (29 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the amount of Stamp Duty paid on agricultural land is available for the years 2013 to 2016 and is as shown in the following table.Due to the manner in which data are recorded in Revenue systems, this information is not available for earlier years. Year €m 2013 9.6 2014 13.0 2015 18.1 2016 16.8 Further information in relation to Stamp Duty returns and...

Written Answers — Department of Finance: Stamp Duty (29 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are two potential stamp duty reliefs where a parent transfers farm land to a son or daughter. An exemption from stamp duty is currently available where farm land is sold or transferred to ‘young trained farmers’. These are farmers who are under 35 years of age and have (or will have within a specified period following the receipt of the...

Written Answers — Department of Finance: Revenue Commissioners Data (29 Nov 2017)

Paschal Donohoe: The Tax Appeals Commission (TAC) was established and new procedures for making, processing, adjudicating and determining appeals came into effect on 21 March 2016. Before this date, taxpayers sent their appeals directly to Revenue, who then transferred appeals to the Appeal Commissioners for hearing. Since that date, taxpayers send their appeals directly to the TAC who then notify Revenue...

Written Answers — Department of Finance: Customs and Excise Staff (29 Nov 2017)

Paschal Donohoe: I am advised by Revenue that Revenue's Comprehensive Review of Expenditure 2014 estimated that the average cost of recruiting staff for compliance projects such as oils, tobacco and alcohol is €50,000 per annum. Revenue is a fully integrated tax and customs administration. Staff are deployed across the full range of roles required of a modern integrated tax and customs...

Written Answers — Department of Finance: Brexit Issues (29 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 107 and 109 together. The precise customs arrangements that will apply after Brexit will depend on the outcome of negotiations between the EU and UK, however it is clear that political solutions must be found before technical resolutions can be applied. I am informed by Revenue that at this juncture it is not possible to assess what specific arrangements...

Written Answers — Department of Finance: Currency Exchange (29 Nov 2017)

Paschal Donohoe: Euro-sterling exchange rate developments have been largely driven by the uncertainty associated with Brexit over the last year or so.  There was a notable appreciation of the bilateral rate in the months leading up to the vote and a further sharp appreciation following the outcome of the referendum.  Since the vote, the euro has appreciated by approximately 17% against sterling and...

Written Answers — Department of Finance: International Relations (29 Nov 2017)

Paschal Donohoe: Identifying the resources required for each of the bodies referred to in order to carry out their roles effectively is a matter for the relevant Ministers and Departments. Officials in the Department of Finance have not prepared any cost estimates based on doubling their footprints within the EU. I expect that any relevant Department and agency which, after appropriate policy analysis,...

Written Answers — Department of Finance: Housing Issues (29 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 111 to 113, inclusive, 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 which are experiencing difficulty in obtaining debt funding.  HBFI will be a standalone entity which will provide...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (29 Nov 2017)

Paschal Donohoe: I am informed by Revenue that based on 2016 data, the latest year for which data are available, the estimated cost to the Exchequer from increasing the current allowable tax relief cap of €150,000 available to an individual investor under the EII scheme in the manner described by the Deputy is set out in the following table. EII Relief Cap Cost € Million €200,000 0.9...

Written Answers — Department of Finance: Vehicle Registration Data (29 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 115 and 116 together. I am informed by Revenue that the cost of the Vehicle Registration Tax (VRT) rebate for electric vehicles and hybrid vehicles in 2017 is estimated at €5 million and €10 million respectively, giving a total estimated cost of €15 million for the year. Revenue does not...

Written Answers — Department of Finance: Departmental Correspondence (29 Nov 2017)

Paschal Donohoe: On 30 August 2016, it was announced that the Commission had issued a negative decision in the Apple State Aid case. This concluded the investigation that had been on-going formally since June 2014. 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...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (29 Nov 2017)

Paschal Donohoe: At the April meeting of the Community Sector High Level Forum, 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 arrangement were one to be...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Data (29 Nov 2017)

Paschal Donohoe: As the Deputy will be aware, open publicly advertised competition is a key principle of senior level appointments to posts across the public service reflecting the Government's commitment to ensure that such posts, which are central to the effective performance of our system of public administration, are filled by high-calibre candidates.  In my area of direct...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 1 and 2 together. The Central Bank has advised me that in its most recent update of progress on the tracker mortgage examination, which was published last month, approximately 13,000 impacted accounts were identified as at the end of September through the industry-wide Central Bank examination. Prior to the examination, the Central Bank ensured a further...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: In recent weeks I met the Governor of the Central Bank again on this and other matters. I also met the Financial Services Ombudsman, whose organisation will play a very important role in the aftermath of more citizens receiving compensation and redress from the banks. As to whether I expect the numbers to grow, the answer is "Yes, I do". That is why I was clear that a crucial piece of work...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: On the Deputy's three questions, by the middle of December we will have to know the total number of people affected by this scandal. It continues to be vital to the Government to establish conclusively the number affected in this extraordinary episode which has caused such distress to so many and to ensure this is accepted by the banks in question. On the question on Ulster Bank, I am...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: The Deputy has made two points. First, for the purpose of achieving complete clarity, I must state the assessment panels or appeals panels in place are not under the umbrella of the banks in any way. I have seen the names of the individuals on the appeals boards and I am absolutely satisfied they are people of good and independent standing who will not be influenced by the opinions of the...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: But the individuals will not be influenced by them. It is very important to be clear on that. If the Deputy has any concerns about this or views on how the arrangement could be strengthened, I will be very happy to hear them and determine how we can achieve what is proposed. With regard to compensation levels, we have to reach an agreement with the banks, based on the powers available,...

Ceisteanna - Questions - Priority Questions: Tracker Mortgage Examination (30 Nov 2017)

Paschal Donohoe: Yes. As I indicated to the Deputy in response to the parliamentary question he put to me, we had to follow up on this matter with the Central Bank. The practice to which the Deputy is referring, on which he has had information made available to him, should not have occurred. It is another example of the appalling way in which this matter developed and has since been handled. If I can play...

Ceisteanna - Questions - Priority Questions: Stamp Duty (30 Nov 2017)

Paschal Donohoe: Just before I answer Deputy Mattie McGrath's question, there are school pupils in the Gallery who are waving, making the thumbs up sign and dabbing down to all of us here. While we cannot wave back, I hope they are having a good visit.