Results 11,741-11,760 of 32,892 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Social Housing Provision (16 Jan 2018)

Paschal Donohoe: The Deputy will be aware that as part of its engagement with the Department, Planning and Local Government, and the Housing Agency, NAMA has played a significant role in facilitating the supply of social housing from its portfolio. As part of this engagement, NAMA continuously reviews the assets of all NAMA debtors to establish if vacant residential properties securing their loans could be...

Written Answers — Department of Finance: Property Tax Assessments (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the person in question owes arrears of Local Property Tax (LPT) in respect of 2016, 2017 and 2018 amounting to €675. Revenue has also confirmed that the outstanding amount is based on a Band 2 valuation (€100,001-€150,000). The person originally valued their property in Band 3 (€150,001-€200,000) in 2013 but this was...

Written Answers — Department of Finance: Tax Clearance Certificates (16 Jan 2018)

Paschal Donohoe: Revenue has advised me that the administrative process for tax clearance was changed from a paper based system to a real-time online facility (electronic Tax Clearance or ‘eTC’) with effect from 1 January 2016. The legislative basis to change the process to an online environment is provided for by Section 95 of the 2014 Finance Act. The introduction of ‘eTC’...

Written Answers — Department of Finance: Departmental Investigations (16 Jan 2018)

Paschal Donohoe: In order to assess the vulnerability of the Irish economy to changes in exogenous variables, my Department regularly simulates the impact of a number of scenarios using the ESRI COSMO macroeconomic model. These results are published in the Risk and Sensitivity Analysis chapter of the Budget and Stability Programme Update documentation. In Budget 2018, my Department...

Written Answers — Department of Finance: Publican Licences (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the number of publican licences of all descriptions issued, by county in each of the years 2010 to 2017 and to date in 2018 is as set out in the following tables. Statistical information is available on the Revenue Websitewww.revenue.ieat the following link 2010 2011 '2012 2013 2014 2015 2016 2017 2018 CO. CARLOW Publican's Licence (6-Day...

Written Answers — Department of Finance: European Investment Bank (16 Jan 2018)

Paschal Donohoe: In relation to the current extent of State borrowing from the European Investment Bank (EIB), I am advised by the EIB and the National Treasury Management Agency (NTMA) that the EIB has lent or contracted to lend directly to Ireland, acting through the NTMA, the amounts shown below: Loan Facility Loan amount Drawn amount (as of 31/12/2017) Loan Facility Loan amount Drawn amount...

Written Answers — Department of Finance: Young Farmers Scheme (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that there is currently one stamp duty relief available that applies a 1% rate of stamp duty on the transfer of agricultural land between certain blood relatives in certain circumstances. This measure is known as Consanguinity Relief. Transfers of farmland between certain blood relatives qualify for a reduced rate of stamp duty of 1% provided certain conditions are...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Capital (16 Jan 2018)

Paschal Donohoe: Article 4 of EU Directive 92/83/EEC provides for the application of reduced rates, or relief, of excise duty of up to 50% less than the national rate of excise duty in respect of breweries producing 200,000 hectolitres or less of beer per annum. In Budget 2005, relief of 50% on excise duty in respect of beer produced by breweries producing up to 20,000 hectolitres (hl) per annum was provided...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Jan 2018)

Paschal Donohoe: As the Deputy will be aware, the Ireland Strategic Investment Fund (“ISIF”) has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.  ISIF have informed me that, as at 30 September 2017 ISIF’s Discretionary Portfolio (as distinct from ISIF’s Directed Portfolio which relates to certain...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that statistics on the Home Renovation Incentive (HRI) scheme are available on the Revenue Statistics webpage at:.  These statistics are updated on a monthly basis and end of year reports are also available at the same website. These provide a range of information in respect of the scheme, including a breakdown of the number of properties registered, works...

Written Answers — Department of Finance: Tax Code (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that a farmer would be entitled to write off the cost of installing a CCTV system against her or his farming income as a CCTV system would qualify for capital allowances. The cost may be written off over eight years. Where a farmer does not have an entitlement to capital allowances (he or she may be retired and no longer trading for example), relief may be...

Written Answers — Department of Finance: House Prices (16 Jan 2018)

Paschal Donohoe: My Department produces macroeconomic forecasts twice a year. As part of the forecast process my Department produces a forecast for overall investment (gross domestic fixed capital formation), and in line with the national accounts approach, this involves forecasting the overall volume and price changes for newly built residential units. The sale of existing houses is not included in the...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Jan 2018)

Paschal Donohoe: I am informed by the Ireland Strategic Investment Fund (“ISIF”) that as at 31 December 2017 ISIF has a number of commitments in the area of residential and non-residential property. These commitments are outlined in tabular form below. I am also informed by ISIF that the Fund has committed a further €25 million to a real estate debt structure, the detail of which will...

Written Answers — Department of Finance: Departmental Funding (16 Jan 2018)

Paschal Donohoe: Under the Ministerial and Parliamentary Offices Act, 1938, as amended most recently by the Oireachtas (Ministerial and Parliamentary Offices) (Amendment) Act, 2014, and the Electoral Act 1997 certain payments are made from the Central Fund to political parties. The payments are contingent on the request/approval of the Department of Public Expenditure and Reform in accordance with the...

Written Answers — Department of Finance: Tracker Mortgage Examination (16 Jan 2018)

Paschal Donohoe: As the Deputy is aware, 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’ reviews are required to be conducted...

Written Answers — Department of Finance: Departmental Schemes (16 Jan 2018)

Paschal Donohoe: As announced in my Budget speech on 10 October 2017, it is my intention to establish Home Building Finance Ireland (HBFI) to increase the availability of debt funding on market terms to commercially viable residential development projects in the State. The purpose of HBFI is to address the concerns raised by many developers and other participants in the residential development market that...

Written Answers — Department of Finance: Credit Availability (16 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 199 and 200 together. As the Deputy is aware, Government policy is focused on ensuring that all viable small and medium sized businesses have access to an appropriate supply of credit from a diverse range of bank and non-bank sources.  The Deputy will also be aware that, in my role as Minister for Finance, I have no direct function in the relationship...

Written Answers — Department of Finance: Legislative Programme (16 Jan 2018)

Paschal Donohoe: As the Deputy will be aware, matching definitions for long-term financial service were used in both the Government legislation and the Sinn Féin legislation passed by the Oireachtas last year in relation to this Ombudsman. The Financial Services and Pensions Ombudsman Act 2017 provides that ""long-term financial service" means—  (a) subject to paragraph (b), a...

Written Answers — Department of Finance: Insurance Industry Regulation (16 Jan 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  I have no role in day to day supervision of the insurance industry, as this is the responsibility of the Central Bank of Ireland. Consequently, I submitted this question to the Central Bank of Ireland for its observations. It has informed me that all regulated...

Written Answers — Department of Finance: Banking Sector Regulation (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that Section 1049 of the Taxes Consolidation Act (TCA) 1997 sets out that a receiver appointed by a court in the State which has the direction and control of property is assessed and charged to income tax or corporation tax, as appropriate, on the property as if the property were not under the direction and control of the court. Such a receiver is answerable for doing...