Results 12,681-12,700 of 32,924 for speaker:Paschal Donohoe

Strategic Communications Unit: Motion [Private Members] (20 Mar 2018)

Paschal Donohoe: -----or any report is offered on behalf of Government. The Taoiseach made it clear that, in setting up the strategic communications unit and in looking at work that happened, there are a number of things now that we, as a Government, accept should have been done differently. That is why there is a review in place and it will be presented to Cabinet. We will look at the work of the...

Written Answers — Department of Finance: Financial Services Regulation (20 Mar 2018)

Paschal Donohoe: With regard to insurers, as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, however I cannot interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

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

Paschal Donohoe: I am informed by Revenue that registration plates are assigned under the provisions of the Finance Act, 1992, section 131(5) and their format and use are provided for in the Vehicle Registration and Taxation Regulations 1992, regulation 9 and First Schedule (Statutory Instrument No. 318 of 1992). A registration number is assigned on the basis of a single number for each vehicle, for the...

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

Paschal Donohoe: I understand the above question subsequently amended by the Deputy, to now read: "To ask the Minister if he has examined existing instances of non-EU countries, or regions of non-EU countries, being members of the EU's Customs Union, in relation to potential solutions for ensuring no future border controls between Northern Ireland and the Republic of Ireland". The Government is aware of...

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

Paschal Donohoe: Finance Act 2017 introduced a scheme of accelerated capital allowances for the construction of buildings and structures for use in the provision of childcare services or fitness centre facilities by employers to employees. The scheme also provides relief for expenditure incurred on related equipment. The rationale for introducing the relief is to help tackle the cost and availability of...

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

Paschal Donohoe: It is my understanding that the the European Commission will bring forward proposals on Digital Taxation on 21 March. It would be premature of me to comment in advance of the publication, let alone the discussions which must take place among Member States. We believe that further analysis is needed to achieve a globally agreed, evidence based solution, sustainable in the long run and...

Written Answers — Department of Finance: Departmental Banking (20 Mar 2018)

Paschal Donohoe: In 2017, my Department was charged €117.72 in negative interest in respect of moneys for which it is accountable and are held in accounts at the Central Bank of Ireland.  €26.68 of this related to the PMG Supply Account, which is a current account. Details of the cost in 2017 to bodies under the aegis of my Department of negative interest rates on deposits held are in the...

Written Answers — Department of Finance: Tax Reliefs Eligibility (20 Mar 2018)

Paschal Donohoe: Section 110 is intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes.  It has been part of our corporation tax code since 1991, with significant amendments in 2003.  Securitisation involves the creation of tradeable securities out of an income stream or projected future income stream generated by financial assets.  The transaction...

Written Answers — Department of Finance: Departmental Advertising Expenditure (20 Mar 2018)

Paschal Donohoe: In relation to my Department the following expenditure has been made on the headings identified by the Deputy from 1 January 2017 to date: Year Month Company Detail Amount 2017 January Languages Communication Ltd. Switch Your Bank campaign €54,202.41 2017 February Languages Communication Ltd. Switch Your Bank campaign €112,569.49 2017 February Independent ...

Written Answers — Department of Finance: Property Tax Administration (20 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 64 and 91 together. I recently announced a review of the Local Property Tax (LPT) which is looking in particular at the impact on LPT liabilities of property price developments. In that regard the review underway will be informed by the desirability of achieving relative stability, both over the short and longer terms, in LPT payments of those liable for...

Written Answers — Department of Finance: Tax Reliefs Abolition (20 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 65 and 80 together. A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax expenditures published on budget day 2016. The review may be found at the following link: () The review concluded that: "...analysis of the scheme...

Written Answers — Department of Finance: Departmental Staff Data (20 Mar 2018)

Paschal Donohoe: I wish to inform the Deputy that the persons holding civil service positions above clerical officer grade in the Department of Finance that entered the civil service via a route other than through an open competition run by the Public Appointments Service or its predecessors, by grade, are detailed as follows. Number Grade Recruitment 1 Special Adviser Ministerial Appointment 10...

Written Answers — Department of Finance: Public Sector Staff Remuneration (20 Mar 2018)

Paschal Donohoe: I wish to inform the Deputy that there was no central direction provided about payment of staff for the days that offices were closed due to Storm Emma. Each Civil and Public Service organization, as the relevant employer, is responsible for determining how to manage the treatment of those days. Where facilities were available many civil servants worked from home on the days the offices...

Written Answers — Department of Finance: Ministerial Meetings (20 Mar 2018)

Paschal Donohoe: My meeting with Shadow Chancellor McDonnell on 5 March provided an opportunity to engage constructively on the strong relationship between our countries, the importance of trade between the two economies, and on the many areas of common interest shared by Ireland and the UK. In our discussion I explained to the Shadow Chancellor that the Irish Government fully respects the unity of the...

Written Answers — Department of Finance: Ministerial Meetings (20 Mar 2018)

Paschal Donohoe: My meeting with Chancellor Hammond on 5 March provided an opportunity to engage constructively on the strong relationship between our countries, the importance of trade between the two economies, and on the many areas of common interest shared by Ireland and the UK. In our discussion I reiterated to the Chancellor that the Irish Government fully respects the unity of the EU27 during...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (20 Mar 2018)

Paschal Donohoe: The Central Bank has advised the Minister that the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (the Regulations), which came into force on 21 March 2016, transposed the Mortgage Credit Directive into Irish law. Part 9 of the Regulations relates to foreign currency loans and provides for certain measures in relation to foreign currency loans. A foreign currency...

Written Answers — Department of Finance: Financial Services Regulation (20 Mar 2018)

Paschal Donohoe: The Central Bank have provided the table below outlining the costs of regulating the financial sector in 2016, and the budgeted cost of regulating the financial sector in 2017 (budgeted costs are being used as the Central Bank's financial statement for 2017 have not yet been finalised and published). It should be noted that amounts levied do not equal the cost of financial regulation...

Written Answers — Department of Finance: Mortgage Data (20 Mar 2018)

Paschal Donohoe: As Minister, I cannot comment on agreements made between a bank and a borrower.  However, the Central Bank has provided the following information in relation to the classification of a non-performing loan:   As per the EBA Implementing Technical Standards on supervisory reporting and the ECB Guidance on non-performing loans, non-performing exposures are those that...

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

Paschal Donohoe: As communicated in the Central Bank’s Strategic Plan (2016 – 2018), the Central Bank announced that it intended to review its strategy for banknote production. The purpose of this review was to determine how the Central Bank meets its Eurosystem obligations for its allocation of annual Euro banknote production. The review is completed but a decision has not yet been taken...

Written Answers — Department of Finance: Tax Collection (20 Mar 2018)

Paschal Donohoe: I am advised by Revenue that the date on which inheritance tax (Capital Acquisitions Tax) falls due is determined by the ‘valuation date’ on which the market value of the assets and property included in an inheritance must be established. Where this date is between 1 January and 31 August, inheritance tax must be paid by 31 October in the same year. Where this date is between...