Results 12,381-12,400 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Operations (20 Feb 2018)

Paschal Donohoe: The sale of residential properties in bank ownership is a matter for individual commercial banks. I understand that the Housing Agency which is under the remit of the Minister for Housing, Planning and Local Government is currently assessing the suitability of a number of empty properties which are being offered to the State for purchase as social houses by banks and...

Written Answers — Department of Finance: Central Bank of Ireland Staff (20 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank that its ‘code of ethics’ defines the standards of ethical conduct the Central Bank upholds for its staff and that the Bank at all times, aims to safeguard its impartiality by actively avoiding conflicts of interest. Under the Code of Ethics, members of staff who are intending to leave the Central Bank to take up alternative...

Written Answers — Department of Finance: Corporate Governance (20 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that it imposes corporate governance requirements for financial institutions at a domestic level and there are also European level requirements. The European requirements may supersede the Irish requirements in certain circumstances, such as for significant institutions as outlined in 1.1 below. The Central Bank of Ireland operates a...

Written Answers — Department of Finance: Credit Union Regulation (20 Feb 2018)

Paschal Donohoe: In 2017, the Central Bank undertook a review of the investment framework for credit unions. In May 2017, consultation paper 109, CP109, was published which consulted on a number of potential changes to the investment framework. CP109 outlined the Central Bank’s view that any changes to the investment framework for credit unions should reflect the fact that it is the savings of credit...

Written Answers — Department of Finance: Credit Union Regulation (20 Feb 2018)

Paschal Donohoe: In 2017, the Central Bank undertook a review of the investment framework for credit unions, which indicated that there existed a significant level of concentration in credit union investment portfolios in relation to both investment product and counterparty. In May 2017, consultation paper 109, CP109, was published which consulted on a number of potential changes to the...

Written Answers — Department of Finance: Credit Union Regulation (20 Feb 2018)

Paschal Donohoe: Section 43 of the Credit Union Act, 1997 outlines the legislative requirements in relation to credit union investments. It states that a credit union shall manage its investments to ensure that those investments do not, taking account of the nature, scale, complexity and risk profile of the credit union, involve undue risk to members' savings and for that purpose, before making an investment...

Written Answers — Department of Finance: Land Transfers (20 Feb 2018)

Paschal Donohoe: I am advised by Revenue that based on the information supplied the transfer of the farm may be eligible for a stamp duty relief known as ‘consanguinity’ relief. This relief applies a reduced rate of stamp duty of 1% to transfers of farmland between certain blood relatives provided certain conditions are met. Since the enactment of the Finance Act 2017 on 25 December 2017,...

Written Answers — Department of Finance: State Pension (Contributory) (20 Feb 2018)

Paschal Donohoe: I am advised by Revenue that the individual concerned is in receipt of the State Pension (Contributory).  His wife has no separate source of income and is wholly maintained by him.  She is, therefore, a “qualified adult” within the meaning of the Social Welfare Consolidation Act 2005. The individual is therefore entitled to an increase in respect of the qualified...

Written Answers — Department of Finance: Tracker Mortgage Examination Data (20 Feb 2018)

Paschal Donohoe: The Central Bank has advised that its tracker examination is focused on ensuring that lenders provide fair outcomes for all customers impacted by tracker related failings both from a contractual and transparency perspective. As part of the examination framework, where customer detriment has been identified, the Central Bank has clearly articulated its expectations of lenders to...

Written Answers — Department of Finance: VAT Rate Application (20 Feb 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. The VAT Consolidation Act 2010, as amended, provides for the application of the standard rate of VAT, currently 23%, to the supply of a house boat, caravan or mobile home. I am advised by the Revenue Commissioners that the Value-Added Tax (Refund of Tax )(No 262) Order, 1980 provides for a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Feb 2018)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT on the purchase of an adapted vehicle, payment of a fuel grant, and an exemption from motor tax for persons with specific severe and permanent physical disabilities, as well as qualifying charitable organisations.  To qualify for the scheme an applicant must be in possession...

Written Answers — Department of Finance: Employment Rights (20 Feb 2018)

Paschal Donohoe: I am aware that the Joint Committee on Culture, Heritage and the Gaeltacht, which is chaired by the Deputy, has recently considered working conditions in the Irish film industry.  It is clear from discussions at the committee that the issue of working conditions in the industry is quite a complex one and that self employment may suit some individuals’ working arrangements. The...

Written Answers — Department of Finance: Vehicle Registration Data (20 Feb 2018)

Paschal Donohoe: I am informed by Revenue that the Vehicle Registration Tax (VRT) in respect of used vehicles imported from outside the EU in 2015, 2016 and 2017 is shown in the table. A breakdown for new vehicles is not available. Customs receipts in respect of all motor vehicles are also shown in the table below. A breakdown of Customs receipts by vehicle category is not available. Used Imports ...

Written Answers — Department of Finance: Mortgage Interest Rates (20 Feb 2018)

Paschal Donohoe: The most recently available statistics on interest rates charged on new mortgage business in the euro area are detailed in the table. These statistics are harmonised across the euro area, and relate to euro-denominated lending to euro area residents, broken by broad interest rate type; variable and fixed. There is no breakdown available for property type. Therefore, the table relates to rates...

Written Answers — Department of Finance: Brexit Issues (20 Feb 2018)

Paschal Donohoe: The VAT implications for Irish traders of the UK’s departure from the EU will depend on the terms of any EU – UK Agreement concerning the relationship between the EU and the UK, including during any transition period. In the event that traders importing goods from the UK are required to make a customs declaration on importation then VAT will become payable at that time together...

Written Answers — Department of Finance: Tax Code (20 Feb 2018)

Paschal Donohoe: I am advised by Revenue that a proprietary director is a director of a company who is the beneficial owner of, or is able either directly or indirectly to control, more than 15% of the ordinary share capital of the company.  As an office holder, a director is taxable on his or her directorship income under Schedule E and is subject to deductions under the PAYE system.  A...

Written Answers — Department of Finance: Tax Compliance (20 Feb 2018)

Paschal Donohoe: The remuneration of employees, including casual workers, is chargeable to tax under ‘Schedule E’ and is subject to deduction at source under the Pay as You Earn (PAYE) system, which employers are legally obliged to operate in accordance with Chapter 4 Part 42 of the Taxes Consolidation Act 1997. I am advised by Revenue that because casual workers are subject to the PAYE tax...

Written Answers — Department of Finance: Departmental Meetings (20 Feb 2018)

Paschal Donohoe: There is ongoing engagement, including formal meetings, between relevant officials at grades ranging from Assistant Principal Officer to Assistant Secretary in the Department of Finance and the Revenue Commissioners with relevant officials in DG Competition on State aid matters of mutual interest across the entire Department.   The Deputy will appreciate that any such...

Written Answers — Department of Finance: Departmental Properties (20 Feb 2018)

Paschal Donohoe: In response to the Deputy's question, my Department manages and controls the shared accommodation needs of both the Department of Finance and Department of Public Expenditure and Reform in respect of Departmental staff occupying accommodation within the State’s buildings portfolio.  My Department is not involved in any direct rental of buildings occupied by staff....

Written Answers — Department of Finance: Tracker Mortgage Examination (20 Feb 2018)

Paschal Donohoe: The Central Bank has advised that it is not in a position to comment on lender specific supervisory information due to confidentiality requirements under Central Bank legislation. However, in a more general way the Central Bank advises that its Tracker Examination Framework requires all lenders to identify all impacted mortgage customers and to address customer...