Results 12,981-13,000 of 32,926 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Contracts Data (29 Mar 2018)

Paschal Donohoe: During 2017, the Department engaged through the Office of Government Procurement Framework Process, the services of the company (details supplied). The company undertook work under the Civil Service Dignity at Work policy. The Company was paid a total of €12,888.19 for their services.

Written Answers — Department of Finance: Help-To-Buy Scheme Data (29 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 107, 113 and 114 together. The Help to Buy (HTB) incentive was introduced in Finance Act 2016, backdated to 19 July 2016. The online HTB system was made available by revenue in January 2017 and I am assured by Revenue that there are no issues with the system and that it is robust and working correctly. I am advised by Revenue that there were 5,392 HTB claims...

Written Answers — Department of Finance: Tax Yield (29 Mar 2018)

Paschal Donohoe: Finance Act 2016 made certain changes to the taxation of qualifying companies, within the meaning of section 110 Taxes Consolidation Act 1997 (“TCA 1997”). The changes related to the taxation of profits which were derived from Irish land and buildings. Those changes took effect from 6 September 2016. A further amendment was made in Finance Act 2017 which came into force in...

Written Answers — Department of Finance: Tax Yield (29 Mar 2018)

Paschal Donohoe: Section 110 is intended to create a tax neutral regime for bona-fide securitisation and structured finance purposes. Securitisation involves the creation of tradeable securities out of an income stream or projected future income stream generated by financial assets. The transaction can involve the use of a special purpose securitisation vehicle to facilitate the transaction and issue the...

Written Answers — Department of Finance: Mortgage Interest Relief Data (29 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 110 to 112, inclusive, together. I assume that the Deputy's questions refer to instances where the lender may have miscalculated and overpaid relief to the mortgage holder and subsequently seeks to recoup the overpayment at a later date. I am advised by Revenue that section 244 Taxes Consolidation Act 1997 provides for tax relief on qualifying interest paid...

Written Answers — Department of Finance: Knowledge Development Box (29 Mar 2018)

Paschal Donohoe: The Knowledge Development Box (KDB) applies for accounting periods commencing on or after 1 January 2016. The claimant company has a period of up to 24 months to make a claim for KDB relief. I am informed by Revenue that a small number of companies (less than 10) with accounting periods ended on or before 31 December 2016 have claimed KDB relief. The tax cost of these claims to-date is...

Written Answers — Department of Finance: NAMA Operations (29 Mar 2018)

Paschal Donohoe: I wish to advise the Deputy that there has been no change to NAMA's expectation that it will complete the majority of its work by end-2020. The Deputy will be aware that NAMA reached a major milestone in October 2017 when it announced that it had redeemed all of its State-guaranteed Senior Bonds of €30.2bn, three years ahead of schedule. I am advised that NAMA has also made...

Written Answers — Department of Finance: Brexit Data (29 Mar 2018)

Paschal Donohoe: Brexit negotiations are currently on-going. Therefore, as the Deputy will appreciate, it would not be appropriate for me to discuss those negotiations or the potential impact on Ireland's net contribution to the EU Budget in detail at this point. Ireland welcomes that the UK has agreed to honour its share of the financing of all the obligations while it was a member of the Union, in...

Written Answers — Department of Finance: EU Budgets (29 Mar 2018)

Paschal Donohoe: EU budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics publication. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU also pays some additional receipts directly to private beneficiaries under 'centralised direct management', most notably...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (29 Mar 2018)

Paschal Donohoe: I am informed by the Central Bank that since 2006, 117 cases have been concluded through the Administrative Sanctions Procedure (ASP)/settlement procedure. This has resulted in the sum of €61,608,525 being imposed by way of monetary sanctions. Public statements on the Central Bank’s settled ASP cases are available publicly on the Central Bank’s website. Attached is a...

Written Answers — Department of Finance: Tax Data (29 Mar 2018)

Paschal Donohoe: I am advised by Revenue that the gross amount of Corporation Tax paid by the ten largest multinational groups (in Corporation Tax payment terms) was €3,436 million in 2017. This represented 37 per cent of the total gross Corporation Tax payments that year. The gross amount of Corporation Tax paid by the top 20 multinational groups was €4,207 million in 2017. This represented...

Written Answers — Department of Finance: NAMA Loan Book Value (29 Mar 2018)

Paschal Donohoe: The most recent details on NAMA's remaining portfolio are available in the Agency's quarterly section 55 accounts for Q3 of 2017 which are laid before the Houses of the Oireachtas and which are publically available on the NAMA website. The latest accounts for Q3 2017 outline that the carrying value of the Agency’s remaining loan portfolio, as at 30 September 2017, net of cumulative...

Written Answers — Department of Finance: VAT Rate Reductions (29 Mar 2018)

Paschal Donohoe: EU VAT law provides that supplies of goods and services outside the EU are zero-rated for VAT purposes. For exporting businesses this means they would be in a permanent repayment position when it comes to any VAT paid on their business inputs. To minimise the administrative burden and cash-flow loss for exporting business, EU and Irish VAT law allows for supplies made to exporting companies...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Training (29 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 127 and 128 together. In response to the Deputy’s questions, training has been delivered in my department on the use of social media. The details of this training and cost are detailed in the list below. 2016 - No Spend 2017 Name Course Cost Certificate for Civil Service Press Officers 12 days €1,560.00 Certificate in Social Media 6 days...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (29 Mar 2018)

Paschal Donohoe: In 2015, my Department revised the Dignity at Work policy. In conjunction with this, a framework of external investigators was put in place following a procurement process organised by the Office of Government Procurement.  Acrux Consulting Ltd. were awarded a place on this Framework on 27 March 2015. This placement allows for Framework membership and is not a contract. Separately,...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (29 Mar 2018)

Paschal Donohoe: I refer the Deputy to my reply to Parliamentary Question no. 54985/17 answered on 16 January 2018

Written Answers — Department of Public Expenditure and Reform: Departmental Correspondence (29 Mar 2018)

Paschal Donohoe: While this case was processed by the Payroll Shared Services Centre of the National Shared Services Office, it was drawn to my attention after some details were reported in the national media. In principle, amounts overpaid from the Exchequer must be recouped. The decision on whether a letter should issue in an individual case is an operational one for the NSSO. With regard to the issue...

Written Answers — Department of Public Expenditure and Reform: Project Ireland 2040 (29 Mar 2018)

Paschal Donohoe: I presume the Deputy is referring to the National Development Plan (NDP) and the National Planning Framework (NPF) which, following a special Cabinet meeting at the Institute of Technology in Sligo, were launched as Project Ireland 2040 on 16 February 2018. The Government decided on 6 September 2017 that the NDP would be published in conjunction with the NPF.

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff (29 Mar 2018)

Paschal Donohoe: In response to the Deputy’s question, the following table outlines the cost (inclusive of VAT) of rolling out the civil service mobility scheme to date, including development of Mobility portal, Mobility interactive map and in-service communications.  Mobility Portal Cost. Pilot of Phase 1 of CS Mobility Scheme - March 2017 €69,819.72 Phase 1A of CS Mobility Scheme -...

Written Answers — Department of Finance: Tax Code (17 Apr 2018)

Paschal Donohoe: I propose to take Questions Nos. 208 and 249 together. I am advised by The Revenue Commissioners that the chargeable value for the calculation of Vehicle Registration Tax, the open market selling price (OMSP), is provided for in the Finance Act 1992, section 133. This section provides that the OMSP comprises the price, inclusive of all taxes, duties, enhancements or accessories, that a...