Results 13,581-13,600 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (24 May 2018)

Paschal Donohoe: As indicated previously a small number of exemptions from the sugar-sweetened drinks tax exist for drinks within the CN 2202 category on the basis of the policy rationale for the introduction of the tax.   In order to ensure that the tax is free from State aid a formal notification of Ireland's intention to introduce the tax was submitted to the European Commission earlier this year....

Written Answers — Department of Finance: Departmental Legal Costs (24 May 2018)

Paschal Donohoe: Ireland has never accepted the Commission’s analysis in the Apple State aid Decision and is challenging the Commission's decision before the European Courts. Notwithstanding this, the Irish authorities have engaged fully with the Commission throughout the State aid investigation. This involved a significant degree of legal and technical complexity, and additional expertise has been...

Written Answers — Department of Finance: Insurance Data (24 May 2018)

Paschal Donohoe: In my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Consequently, my Department has no role in collecting the information being sought by the Deputy. My officials contacted the Central Bank of Ireland in relation to this matter and were advised that it does not collect information from insurance providers...

Written Answers — Department of Finance: Insurance Industry Regulation (24 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 50 and 51 together. The data services referenced by the Deputy are operated by Insurance Ireland, a representative trade body for the insurance sector. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and therefore have no role in the operation of either data services referred to in the...

Written Answers — Department of Finance: NAMA Operations (24 May 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020. The Agency announced in October 2017 that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State and in April 2018 it redeemed €243m of its subordinated debt. However, notwithstanding the successful achievement of repaying the State’s...

Written Answers — Department of Finance: Tax Treaties (24 May 2018)

Paschal Donohoe: There has been ongoing engagement between Irish and Brazilian officials on the issue of Ireland being included on a Brazilian tax list. In addition, Minister of State Joe McHugh TD travelled to Brazil as part of the “Promote Ireland” Programme for St Patrick’s Day this year. Minister McHugh engaged directly with the Head of the Brazilian Revenue Service in a meeting...

Written Answers — Department of Finance: State Claims Agency (24 May 2018)

Paschal Donohoe: I am informed by the State Claims Agency (SCA) that as of 23 May 2018, the figures outlined in the table show the contingent liability, or rather the Outstanding Estimated Liability, on all active claims across all delegated State Authorities under their aegis. Outstanding Estimated Liability is the SCA’s best current estimate of the ultimate cost of resolving a claim. It includes all...

Written Answers — Department of Finance: Tax Collection (24 May 2018)

Paschal Donohoe: I am advised by Revenue that there has been previous contact with the person concerned regarding an unpaid tax debt. Revenue is happy to meet with the person concerned with a view to finding a mutually agreeable approach to resolving matters. The person concerned should now contact Ms. Mary Droney of the Collector-General’s Division (telephone 061 488204) with a view to arranging...

Written Answers — Department of Finance: Legislative Programme (24 May 2018)

Paschal Donohoe: Due to changes in the global private equity market in both structure and relevant European legislation, there is a need to update the Investment Limited Partnership (ILP) Act 1994. This objective has been included in the IFS2020 Action Plan which commits to developing amendments to the Investment Limited Partnership Act 1994 to make the structure more attractive to fund managers. My...

Written Answers — Department of Finance: Mortgage Data (24 May 2018)

Paschal Donohoe: I wish to advise the Deputy that my department does not hold the information that is being sought. The query was sent to the Central Bank who advised that they do not collect data on the number of loans securitised by the breakdown requested. However, the Central Bank provided data on the outstanding stock of PDH and BTL loans securitised and serviced by Irish credit institutions since...

Written Answers — Department of Finance: Mortgage Data (24 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 58 to 60, inclusive, together. I wish to advise the Deputy that my Department does not hold the information that is being sought. The Central Bank also advised that it does not collect data on the number of loans securitised by the breakdown requested. However, the Bank provided data on the outstanding stock in monetary terms of residential PDH and BTL loans...

Written Answers — Department of Public Expenditure and Reform: Legal Costs (24 May 2018)

Paschal Donohoe: I am advised that the Office of the Information Commissioner has incurred legal fees of €110,014 to date in respect of the proceedings in the High Court and the Court of Appeal in relation to the case in question.

Written Answers — Department of Public Expenditure and Reform: State Bodies Expenditure (24 May 2018)

Paschal Donohoe: The Office of the Information Commissioner is funded through Vote 19 – the Office of the Ombudsman. Vote 19 provides for the salaries and expenses of the Office of the Ombudsman, the Office of the Commission for Public Service Appointments, the Standards in Public Office Commission, the Office of the Information Commissioner and the Office of the Commissioner for Environmental...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (24 May 2018)

Paschal Donohoe: The Single Public Service Pension Scheme (Single Scheme), which was introduced on 1 January 2013 under the Public Service Pensions (Single Scheme and Other Provisions) Act 2012, applies to all first-time new entrants to the public service from that date. It also applies to former pensionable public servants returning to public service employment after a break of more than 26 weeks, as well...

Written Answers — Department of Finance: Insurance Compensation Fund (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 151 and 186 together. Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that under the Insurance Act 1964, as amended, monies may be paid out of the Insurance Compensation...

Written Answers — Department of Finance: Credit Union Services (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 152 and 153 together. The Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit union wishes to provide services to its...

Written Answers — Department of Finance: Tax Reliefs Availability (29 May 2018)

Paschal Donohoe: The rural renewal scheme provided for a scheme of tax reliefs aimed at invigorating certain areas of rural Ireland. Relief is only available for expenditure on construction, refurbishment or conversion work that was carried out during the qualifying period for the scheme. The qualifying period for the rural renewal scheme originally terminated on 31 December 2004 but was extended to 31...

Written Answers — Department of Finance: Tax Collection (29 May 2018)

Paschal Donohoe: The only foreign artiste withholding tax which Ireland has is the film withholding tax (“FWT”). FWT is a 20% withholding tax that applies for certain payments to non-resident artistes. FWT only applies to non-resident artistes, who are resident outside the EU/EEA and who are engaged by companies qualifying for the film tax credit under section 481 TCA. It does not apply to...

Written Answers — Department of Finance: Mortgage Resolution Processes (29 May 2018)

Paschal Donohoe: The definition of a non-performing buy to let loan is the same as that of any other credit exposure and applies to exposures which are more than 90 days past-due; and/or the borrower is assessed as unlikely to pay their credit obligations in full without realisation of collateral, regardless of the existence of any past-due amount or of the number of days past due. In relation to the second...

Written Answers — Department of Finance: Tax Rebates (29 May 2018)

Paschal Donohoe: I am advised by Revenue that the refunds in question were approved and processed on 23 May 2018. The refunds will be credited to the person’s bank account in the coming days.