Results 15,721-15,740 of 32,961 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Central Bank advises that the macro-prudential mortgage lending rules are formulated on the basis of housing loans made by mortgage lenders. Therefore, lenders are required to report to the Bank, and are being monitored by the Bank, on the basis of mortgage drawdowns as opposed to mortgage approvals/sanctions. The Central Bank does not collect data on mortgage approvals for the purposes...

Written Answers — Department of Finance: Financial Services Regulation (4 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 152 and 154 to 156, inclusive, together. The Central Bank regulates the licensed moneylender sector. It is, of course, a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the responsible body for enforcing. The Central Bank has...

Written Answers — Department of Finance: Illegal Moneylenders (4 Dec 2018)

Paschal Donohoe: The Central Bank regulates the licensed moneylender sector. As of 27 November 2018, 39 firms are included on the Moneylender register with the Central Bank. This can be viewed from . It is, of course, a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the...

Written Answers — Department of Finance: Credit Union Regulation (4 Dec 2018)

Paschal Donohoe: Section 38 1(a) of the Credit Union Act 1997 prescribes that the interest on a Credit Union loan shall not at any time exceed 1% per month. I can confirm that the power to increase this cap has not been vested in the Central Bank and therefore whether the 1% per month interest limit for the credit union sector should be increased is a matter for the Minister for Finance, Government and the...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (4 Dec 2018)

Paschal Donohoe: I presume the Deputy is referring to the Strategic Banking Corporation of Ireland, the SBCI. The SBCI is Ireland’s national promotional institution for SMEs. The SBCI does not provide financing directly to SMEs, rather, it uses an on-lending model and works with both banks and non-bank finance providers to make lower-cost finance available to eligible enterprises. The SBCI currently...

Written Answers — Department of Finance: Tax Code (4 Dec 2018)

Paschal Donohoe: I am advised by Revenue that the estimated full year cost of increasing the standard rate cut off point for all income tax bands by €14,700 which would bring it to €50,000 for a single person and €100,000 for a couple in a single year, would be approximately €2.3 billion. This estimated figure has been generated by the Revenue cost model by reference to...

Written Answers — Department of Finance: Prize Bonds (4 Dec 2018)

Paschal Donohoe: The National Treasury Management Agency (NTMA) has informed me that they set the variable percentage rate used to calculate the prize fund available under the National Prize Bond Scheme. Effective from August 2017, this variable percentage rate is set at 0.50% of the total value of Prize Bonds outstanding. The total value of the Prize Bonds fund at the end of 2017 was €3.17 billion....

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

Paschal Donohoe: I am advised by Revenue that it can provide details on the numbers of cases that are in receipt of relief under Chapter 11 of Part 10 of the Taxes Consolidation Act 1997, commonly referred to as “Section 23 Reliefs”, and that are also in receipt of Housing Assistance Payments. However, this information is not immediately available from Revenue’s systems and additional...

Written Answers — Department of Finance: Film Industry Tax Reliefs (4 Dec 2018)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. In addition to extending the credit's end date from 2020 to 2024, Finance Bill 2018 is providing for...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (4 Dec 2018)

Paschal Donohoe: I assume the report the Deputy is referring to is the Fiscal Assessment Report (FAR) published by the Irish Fiscal Advisory Council on Wednesday 28 November. I have received it and would make a few points on same. I note the Council's endorsement of my Department’s economic forecasts for 2018 and 2019 that underpin the Budgetary arithmetic. I would also draw attention to the fact...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (4 Dec 2018)

Paschal Donohoe: I am informed by the Revenue that based on 2016 data, the estimated cost to the Exchequer from increasing the current allowable tax relief cap of €150,000 available to an individual investor under the EII scheme in the manner described by the Deputy is as set out in the following table. Threshold €M €200,000 0.9 €300,000 2.2 €400,000 2.9...

Written Answers — Department of Finance: Corporation Tax Regime (4 Dec 2018)

Paschal Donohoe: The Finance Act 2014 amended the company residence rules in section 23A to provide that an Irish incorporated company would be regarded as resident for tax purposes in the State. In essence, the change introduced by Finance Act 2014 was designed to ensure that a company could no longer use an Irish label of incorporation without also being tax resident here. As my predecessor has clearly...

Written Answers — Department of Public Expenditure and Reform: Superannuation Schemes (4 Dec 2018)

Paschal Donohoe: The Civil Service Injury Warrants are a series of statutory instruments made under the Superannuation Acts. They provide additional benefits over and above normal pension entitlements, to or in respect of officers who are killed or injured in the performance of their duties. An annual allowance may be granted to an officer who is forced to retire as a result of their injuries, or in respect...

Written Answers — Department of Public Expenditure and Reform: State Properties Data (4 Dec 2018)

Paschal Donohoe: There are currently 96 State owned properties which are unoccupied. Of these properties, 50 are Garda Stations that were closed under the 2012/2013 Policing Plans of An Garda Siochana. Of the remaining 46 properties, 23 are in the process of being transferred to local authorities or other State bodies, 7 are being prepared for disposal, 1 is under consideration for community use and 15 are...

Written Answers — Department of Public Expenditure and Reform: State Properties Data (4 Dec 2018)

Paschal Donohoe: I have been advised by my officials that the Office of Public Works has been notified that Kilkenny County Council has placed the former Garda station at Barrack Street, Castlecomer, Co. Kilkenny on their vacant sites register. A levy of €4,500 is payable in 2019 on this property. The property is currently under consideration for transfer to Kilkenny County Council. This is the only...

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

Paschal Donohoe: I propose to take Questions Nos. 169 and 170 together. The position of Government Chief Information Officer was established in June 2013. Following this appointment the Office of the Government Chief Information Officer at the Department of Public Expenditure and Reform was established in July 2013. The Office of the Government Chief Information Officer (OGCIO) replaced the previous Centre...

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

Paschal Donohoe: In response to the Deputy’s question, the consultant reports commissioned by my Department since March 2011 are listed in the following table. Report Title Company Publication Date Cost 2011 Banking services for central government – review of market PWC Internal Report €44,526 Independent verification of savings arising under the Public Service Agreement MKO...

Written Answers — Department of Public Expenditure and Reform: Heritage Sites (4 Dec 2018)

Paschal Donohoe: The Office of Public Works does not have a role in any planned refurbishment of the former Courthouse building as the property is owned by the local Council.

Written Answers — Department of Public Expenditure and Reform: Ministerial Meetings (4 Dec 2018)

Paschal Donohoe: I wish to advise the Deputy that details of the public events that I have attended are available in my diary which is published on my Department's website at .

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

Paschal Donohoe: My Department does not have any contracts with the company in question.