Results 14,381-14,400 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Pensions Data (12 Jul 2018)

Paschal Donohoe: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes. The threshold was introduced in the Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. Information on the numbers and values of individual pension funds or on individual accrued benefits in pension schemes are not generally required to be supplied to...

Written Answers — Department of Finance: Carbon Tax Yield (12 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 89 and 91 together. Regarding Question 32170/18, I am advised by Revenue that an increase in carbon tax from €20 per tonne to €40 per tonne is estimated to yield €424 million per annum (including both additional Carbon & VAT) on a straight line basis. Regarding Question 32172/18, it is assumed that the Deputy is referring to...

Written Answers — Department of Finance: Tax Yield (12 Jul 2018)

Paschal Donohoe: I am advised by Revenue that the amount raised from ending subsidies in the manner suggested by the Deputy are as follows. For Marked Gas Oil (MGO), it is estimated that the equalisation of Mineral Oil Tax (on MGO) to that on diesel for road vehicles would yield in the region of €400 million per annum assuming no behavioural change resulting from the price increase. ...

Written Answers — Department of Finance: Tax Yield (12 Jul 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that there is currently no reliable basis to produce an estimate of the potential amount raised from such a levy as Revenue do not hold data on the extraction of these materials.

Written Answers — Department of Finance: Tax Yield (12 Jul 2018)

Paschal Donohoe: I am advised by Revenue that to reduce the VRT rate on electric vehicles to 0% would cost approximately €3 million per annum. This is based on the estimated sales of electric vehicles in 2018 and assumes no behavioural change.

Written Answers — Department of Finance: Motor Insurance Coverage (12 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 94, 97 and 98 together. Both the Minister of State for Financial Services and Insurance, Mr. Michael D’Arcy T.D., and I are well aware of the concerns raised by the Deputies. However, it should be noted that neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a...

Written Answers — Department of Finance: Motor Insurance (12 Jul 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can 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: Motor Industry (12 Jul 2018)

Paschal Donohoe: I am informed by Revenue that the number of motor homes that were sold in each of the years from 2007 to the end of June 2018 along with the VRT and an estimate of the VAT collected on these sales is provided in the following table. Year New Used VRT € million VAT € million 2007 372 1,167 0.7 5.2 2008 405 993 0.6 5.5 2009 190 823 0.4 2.8 2010 231 605 0.2 3.1 2011 35 261...

Written Answers — Department of Finance: Property Tax Review (12 Jul 2018)

Paschal Donohoe: In January of this year, I 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 the tax and provide clear direction on the...

Written Answers — Department of Finance: Departmental Staff Data (12 Jul 2018)

Paschal Donohoe: I wish to inform the Deputy that the ratio of men and women at each civil service grade within the Department of Finance at end June 2018 is shown in the following table: DFIN Female Male Total Secretary General 0 1 1 Assistant Secretary 0 6 6 Principal Officer 8 20 28 Assistant Principal 31 41 72 Administrative Officer 32 55 87 Higher Executive Officer 11 13 24 Executive Officer...

Written Answers — Department of Finance: NAMA Ownership Data (12 Jul 2018)

Paschal Donohoe: A ruling issued in July 2009 by Eurostat, the statistical office of the EU, outlined a number of conditions relating to Special Purpose Vehicles (SPVs) which were majority owned by private companies, in order for them to be considered outside the government sector. These conditions included that the SPVs were to be established for the sole purpose of addressing the financial crisis and were...

Written Answers — Department of Finance: Public Relations Contracts Data (12 Jul 2018)

Paschal Donohoe: I wish to advise the Deputy that the communications teams of both NAMA and the NTMA are supported by an external service provider, Gordon MRM. I am advised that an initial contract covering both bodies commenced in January 2013 and ran for an initial period of three years. An option to extend the contract for a further two years was utilised which meant that the contract expired in January...

Written Answers — Department of Finance: NAMA Expenditure (12 Jul 2018)

Paschal Donohoe: I wish to advise the Deputy that Section 8 of the Freedom of Information Act, 2014 requires bodies such as NAMA to publish information in an open and accessible manner on a routine basis outside of the Freedom of Information process, having regard to the principles of openness, transparency and accountability as set out in Sections 8(5) and 11(3) of the FOI Act. In accordance with this...

Written Answers — Department of Finance: National Treasury Management Agency Expenditure (12 Jul 2018)

Paschal Donohoe: I attach a document supplied by the National Treasury Management Agency (NTMA) containing, in tabular form, the firms and persons that received over €20,000 in respect of work for the NTMA in 2017. The table below sets out payments to suppliers paid in excess of €20,000 (including VAT) in aggregate for the year end 31 December 2017 Name Gross (€) VAT (€) Net...

Written Answers — Department of Finance: Vehicle Registration (12 Jul 2018)

Paschal Donohoe: I am advised by Revenue that Vehicle Registration Tax is a national duty of excise provided for in the Finance Act 1992, Part II, Chapter IV. All vehicles coming into the State, whether from other Member States of the EU or from outside the EU, must be declared for registration to Revenue. The documentary/data requirement and the level of processing by Revenue for both streams is very...

Written Answers — Department of Finance: Fuel Laundering (12 Jul 2018)

Paschal Donohoe: In April 2015, Revenue and HMRC UK introduced, in both jurisdictions, a new mineral oil marker (Accutrace S10™) for all marked mineral oil products, in addition to the existing markers. I am advised by Revenue that there is no evidence, based on the analysis of the diesel sludge found recently in County Louth, that the marker has been compromised. While available evidence...

Written Answers — Department of Finance: Capital Expenditure Programme (12 Jul 2018)

Paschal Donohoe: My Department does not make investments from its Vote other than the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Therefore, there were no investments by my Department during the period in question in counties Louth and Meath.

Written Answers — Department of Finance: Local Authority Funding (12 Jul 2018)

Paschal Donohoe: My Department does not make investments from its Vote other than the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Therefore, there were no applications submitted to my Department for funding and projects from Meath and Louth County Councils in the period in question.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (12 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 109 to 111, inclusive, together. The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs that address failures in the Irish SME finance market as well as encouraging competition, innovation and the efficient and effective use of...

Written Answers — Department of Finance: Knowledge Development Box (12 Jul 2018)

Paschal Donohoe: The Knowledge Development Box (KDB) applies for accounting periods commencing on or after 1 January 2016. A 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 to date. As indicated in Revenue’s...