Results 13,201-13,220 of 32,926 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector Data (2 May 2018)

Paschal Donohoe: I have consulted with the Central Bank and the Banking and Payments Federation Ireland, the information requested by the Deputy regarding the number and proportion of adults that hold a bank account is not available in the format requested. Bank account could include both current accounts and deposit accounts as well as other payment accounts. It should also be noted that a person may hold...

Written Answers — Department of Finance: Insurance Industry (2 May 2018)

Paschal Donohoe: Both I and the Government are very conscious of the difficulties that increased insurance costs are having on the business sector. Consequently, following the publication of its Report on the Cost of Motor Insurance in January 2017, the Cost of Insurance Working Group undertook an examination of the Employer Liability and Public Liability insurance sectors in its second phase of work. While...

Written Answers — Department of Finance: Bank Branch Closures (2 May 2018)

Paschal Donohoe: The Deputy will be aware that, as Minister for Finance, I have no direct function in the day-to-day commercial decisions made by Bank of Ireland. Decisions taken by Bank of Ireland in this regard, and the manner in which it conducts its day-to-day operations, are matters for the board and management of the bank. Although the State has a minority shareholding in Bank of Ireland, I must ensure...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (2 May 2018)

Paschal Donohoe: From a prudential perspective, historically the Central Bank of Ireland has had overall responsibility for the authorisation and supervision of credit institutions operating in Ireland. From 4 November 2014 this changed with a number of supervisory responsibilities and decision making powers moving to the European Central Bank (ECB) through the establishment of the Single Supervisory...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (2 May 2018)

Paschal Donohoe: Irish Airlines Pensions has advised this Department that as a result of the deficit that exists on the Irish Airlines Superannuation Scheme (IASS) pension fund, it is not in a position to fully fund transfers effected through the Public Sector Transfer Network (PSTN). The rules of the PSTN require a full transfer of pension entitlements. In the case of funded pension schemes, this means...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (3 May 2018)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a Fuel Grant, and an exemption from Motor Tax. To qualify for the scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (3 May 2018)

Paschal Donohoe: I am advised by Revenue that a Help-to-Buy application was received from the persons in question on 20 April 2018 and was approved on 27April 2018. Revenue have also advised me that it contacted the persons on 1 May 2018 who confirmed that they had received the approval notification.

Written Answers — Department of Finance: Departmental Staff Training (3 May 2018)

Paschal Donohoe: I wish to advise the Deputy that during 2016 the following expenditure was incurred by the Department in relation to the following training: Certificate for Press Officer €1,560. MA in Political Communication €3,600

Written Answers — Department of Finance: Knowledge Development Box (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 60 and 70 together. There are a number of features in the Knowledge Development Box (“KDB”) which are specifically included to encourage claims by SMEs. For example, larger companies are required to apply transfer pricing standards to the documentation which is required to support a claim for relief under the KDB. While SMEs will need to have...

Written Answers — Department of Finance: Banking Sector Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 61 to 64, inclusive, together. For reasons of confidentiality, the Central Bank of Ireland does not disclose information on individual banks. However, the Central Bank is in a position to disclose aggregate level information, and has provided the information in the following table. This outlines the 2017 year-end position for Loan to Value (LTV) and Loan to...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 65 and 66 together. The Help-to-Buy scheme allows for multiple applicants to apply for relief on the same property, assuming that each applicant meet the conditions of the scheme. It is not a requirement that where there is more than one applicant that the applicants be married or in a civil partnership. I am advised by Revenue that data on the marital...

Written Answers — Department of Finance: Tax Reliefs Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 67 to 69, inclusive, together. I understand that the Deputy is referring to Parliamentary Question Nos. 128 and 129 of 19 April 2018. I am informed by Revenue that there is a dedicated team which looks after applications for relief under the Employment and Investment Incentive (EII) and the Start-Up Relief for Entrepreneurs (SURE). There is currently 4 full...

Written Answers — Department of Finance: Tax Credits (3 May 2018)

Paschal Donohoe: I am advised by Revenue that the numbers of companies availing of the research and development tax credit in the years 2010 to 2016, the latest year available, is shown in the table below. The number of companies shown for each year includes companies offsetting the credit against their profits for the year and also companies with refundable tax credits in the year. Please note that...

Written Answers — Department of Finance: Tax Exemptions (3 May 2018)

Paschal Donohoe: Sugar Sweetened Drinks Tax (SSDT) is provided for by Chapter 2 of Part 1 of the Finance Act 2017. The tax commenced on 1 May 2018 and applies to first supplies in the State of sugar sweetened drinks. Sugar sweetened drinks are water and juice based drinks, in ready to consume or concentrated form, that contain added sugar and have a total sugar content of 5 grams or more per 100 millilitres...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Training (3 May 2018)

Paschal Donohoe: My Department has had no expenditure in relation to attendance by departmental staff at social media training conferences or other external events.

Written Answers — Department of Finance: State Claims Agency (8 May 2018)

Paschal Donohoe: The State Claims Agency (SCA) has a statutory remit to manage personal injury claims, including claims in respect of clinical negligence, on behalf of Delegated State Authorities (DSAs) including the Health Service Executive. The SCA’s claims management objective is, while acting in the best interest of taxpayers in matters of personal injury and property damage litigation, to act...

Written Answers — Department of Finance: State Claims Agency (8 May 2018)

Paschal Donohoe: The State Claims Agency (SCA) have advised me that it settles very few claims subject to a confidentiality agreement. For the purposes of clarity the SCA also advise that a claim refers to notification of intention to seek compensation for personal injury and/or property damage where it is alleged the State was negligent. The application may be in the form of a letter of claim, an...

Written Answers — Department of Finance: Budget Measures (8 May 2018)

Paschal Donohoe: I am assuming the Deputy is referring to Budget 2018 measures.  The carryover cost in 2019 of tax measures introduced in Budget 2018 is estimated to be of the order of €14 million. It is important to point out that the exact impact of carryover will be reviewed as part of the normal Budgetary process, as there are several moving parts to be considered, such as economic growth,...

Written Answers — Department of Finance: Budget 2018 (8 May 2018)

Paschal Donohoe: As part of the preparations for Budget 2018, it was estimated that the Exchequer yield from non-indexation of the income tax system would be of the order of €0.6 billion on a full year basis. It is important to point out that the calculation of non-indexation of the income tax system for 2018 was prepared on the basis of the following technical assumptions: 1. The projected increase...

Written Answers — Department of Finance: Excise Duties (8 May 2018)

Paschal Donohoe: I am advised by Revenue that an increase in excise duty on diesel of five cents per litre will increase the price by 6.15 cent per litre when VAT is included. The estimated yield from an increase of 6.15 cent per litre is estimated at €166 million in a full year. The additional cost to the diesel rebate scheme to offset such an increase for commercial transport is estimated at...