Results 14,141-14,160 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (3 Jul 2018)

Paschal Donohoe: As the Deputy will be aware, a whole of Government approach is being adopted to addressing the impacts of Brexit. Detailed work is taking place across Departments and in State agencies to prepare for the UK’s exit from the EU. This includes contingency planning; engagement with stakeholders; support to companies from the enterprise agencies; and work to exploit any opportunities that...

Written Answers — Department of Finance: Insurance Costs (4 Jul 2018)

Paschal Donohoe: I welcome the role that the Alliance for Insurance Reform is taking in regard to the issue of the cost of insurance, particularly for businesses and voluntary organisations. The Minister of State for Financial Services and Insurance, Mr Michael D’Arcy TD, has formally met with the Alliance, and relevant issues were discussed. Both Minister D’Arcy and I are very conscious of...

Written Answers — Department of Finance: Departmental Investigations (4 Jul 2018)

Paschal Donohoe: I am advised by the Special Liquidators that they are in the process of collating the requested information for the Deputy but it was not ready in its entirety in order to answer the PQ within the timeframe provided. I will write directly to the Deputy with a response once the information has been received by my Department.

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2018)

Paschal Donohoe: In general consideration of Capital Acquisitions Tax (CAT) thresholds and rates are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget. In addition, it would be impossible for me to comment on any possible changes in respect of future Budgets. The Deputy will...

Written Answers — Department of Finance: NAMA Receivers (4 Jul 2018)

Paschal Donohoe: I am advised by NAMA that receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process. I am advised that, arising from this process, very competitive fixed-fee rates were achieved relative to prevailing market norms. I am advised that, in general, fees are not paid to...

Written Answers — Department of Finance: Mortgage Lending (4 Jul 2018)

Paschal Donohoe: The Central Bank has advised that the objective of the recent review it undertook was to assess whether or not lenders were advertising mortgages with cashback offers in a clear and unambiguous way. The review therefore assessed lenders’ compliance with certain provisions of Chapter 4 (relating to the provision of information) and Chapter 9 (relating to advertising) of the...

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (4 Jul 2018)

Paschal Donohoe: In response to the Deputy's question, the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial regulation.  Poor supervision, an...

Written Answers — Department of Finance: Departmental Contracts Data (4 Jul 2018)

Paschal Donohoe: The use of polling companies and/or Irish market researchers to conduct research on behalf of my Department since June 2016 is outlined in the following table.  Company Name Associated Costs Year  Detail Indecon International Economic Consultants €96,890.79 (€78,773 plus VAT) 2018 A mini competition was run from December 2017 to January 2018 for research services to...

Written Answers — Department of Finance: Tax Appeals Commission (4 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 176 to 179, inclusive, together. The TAC was established on 21st March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers sent their appeals directly to Revenue who then transferred cases to the Appeal Commissioners when they were ready for a hearing. Since that date, taxpayers...

Written Answers — Department of Finance: Tax Reliefs Abolition (4 Jul 2018)

Paschal Donohoe: 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 using the principles laid down by the Department’s...

Written Answers — Department of Public Expenditure and Reform: Tribunals of Inquiry Recommendations (4 Jul 2018)

Paschal Donohoe: In response to the Deputy's question, the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial regulation.  Poor supervision, an overly...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (4 Jul 2018)

Paschal Donohoe: The information requested by the Deputy is set out in the following table. Year Name of company Amount Purpose 2016 IPSOS MRBI €27,060 A survey of Civil Service customers 2016 Perceptive Insight €18,425 A survey of Civil Service business customers 2016 RED C €28,290 Preparatory work on Gov.ie Portal 2016 Gartner €127,428 Provision of research and analysis...

Written Answers — Department of Finance: Gambling Sector (5 Jul 2018)

Paschal Donohoe: Gaming machines, which are made available for play in a public place, must have a valid Excise licence, which is issued by Revenue. The governing legislation in this regard is contained in the Finance Act 1975. Where a gaming machine is available for play, without a proper licence displayed, it is liable to forfeiture in accordance with Section 43(10)(b) of the Finance Act 1975. ...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (5 Jul 2018)

Paschal Donohoe: I assume that the Deputy is seeking the number of applications received, the number of applications that reached claim stage and the number of claims approved under the Help to Buy (HTB) scheme, since its inception in July 2016. There are two stages involved in the Help to Buy Incentive process. Stage 1 is the application stage, wherein prospective applicants can query whether they qualify...

Written Answers — Department of Finance: Tax Yield (5 Jul 2018)

Paschal Donohoe: I am informed by Revenue that information in relation to yield received from Capital Acquisitions Tax, which includes the amounts from Inheritance Tax for the years requested by the Deputy, can be found on the statistics page of the Revenue website at: . The Deputy may also be interested to note that Revenue published an in-depth analysis of capital taxes, including Inheritance Tax, earlier...

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 84 and 86 together. As regards Question No. 84, it is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in Section 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains at a CGT rate of 10 per cent. The cost of...

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to introducing a 30% tax rate on dividend income from Irish resident companies to replace all Income Tax, USC and PRSI currently collected. I am advised by Revenue that based on tax returns for 2016 and the yield from Dividend Withholding Tax for the same year, a tentative estimate of the tax gain from a final liability flat tax rate of 30% on...

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: It is assumed the Deputy is proposing to increase the tax credit rate of 25% for research and development expenditure to 30% for SMEs. With regards to the potential for a change in to the rate provided to SMEs, potential State Aid implications would need to be considered when making any change which would provide a varied rate to any targeted cohort of taxpayers. However I would note that the...

Written Answers — Department of Finance: Tax Exemptions (5 Jul 2018)

Paschal Donohoe: Since 2011, professional membership fees are only deductible under section 114 of the Taxes Consolidation Act 1997 where they are incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. In the context of professional fees, this generally means where: - the duties of his or her employment necessitate that the employee is a...

Written Answers — Department of Finance: Tax Reliefs Data (5 Jul 2018)

Paschal Donohoe: Budget 2018 included the retention for principal private residences for a further three years on a tapered basis through the continuation of 75 per cent of the existing relief in 2018, 50 per cent in 2019 and 25 per cent in 2020. The tapering of mortgage interest relief results in a revenue yield to the Exchequer that represents a positive discretionary revenue measure valuing...