Results 15,781-15,800 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Execution of Wills (11 Dec 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that the Capital Acquisitions Tax Consolidation Act 2003 allows for the re-distribution of assets that are to be transferred in a will or under the rules of intestacy in limited circumstances. Before receiving an asset to which a person is entitled, the person may disclaim or refuse the asset. However, a disclaiming beneficiary cannot choose who...

Written Answers — Department of Finance: Tax Agreements (11 Dec 2018)

Paschal Donohoe: The Deputy is aware that the European Commission proposal for an interim Digital Services Tax, which imposes a 3% levy on the turnover of certain companies’ digital activities, has been debated among Member States at both a technical and political level for some months.   The Digital Services Tax proposal was included as an item for policy agreement at ECOFIN on 4...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (11 Dec 2018)

Paschal Donohoe: As per my response to the Deputy in Parliamentary Question number 163 of 4 December 2018, I will prepare a formal response to IFAC’s Fiscal Assessment Report which will be published in due course. As is the established practice, this will be published on my Department's website once issued. 

Written Answers — Department of Finance: Economic and Monetary Union (11 Dec 2018)

Paschal Donohoe: At the June 2018 Euro Summit, EU Leaders asked Finance Ministers to work on the terms of reference for the operation of the common backstop to the Banking Union’s Single Resolution Fund, which exists to assist in the resolution of systemically important banks that are failing or deemed likely to fail. We were also directed to develop a term sheet for our ongoing work on reform of the...

Written Answers — Department of Finance: Revenue Commissioners (11 Dec 2018)

Paschal Donohoe: The Deputy will be aware that Revenue operates independently from Ministerial direction and matters relating to its internal structure are the responsibility of the Commissioners. I have been advised by Revenue that it continually develops its structure to ensure optimum alignment of resources with the management of risk and the delivery of high-quality service to support voluntary and...

Written Answers — Department of Finance: Tax Code (11 Dec 2018)

Paschal Donohoe: I am advised by Revenue that in accordance with section 114 of the Taxes Consolidation Act 1997, where an employee is necessarily obliged to incur and defray out of the emoluments of the employment expenses of travelling in the performance of the duties of the employment, or otherwise to expend money wholly, exclusively and necessarily in the performance of those duties, there may be deducted...

Written Answers — Department of Finance: VAT Exemptions (11 Dec 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with Irish VAT legislation, oral medicines (for human consumption), licensed or authorised by the Health Products Regulatory Authority, are liable to VAT at the zero rate. Non-oral medicines (products such as injections and infusions) are liable to VAT at the standard rate,...

Written Answers — Department of Finance: Waterways Ireland Staff (11 Dec 2018)

Paschal Donohoe: I am advised by Revenue that their review of the flat rate expenses regime is ongoing and that it is intended to have the review of all flat rate expense categories completed by the end of 2019. Revenue have indicated that the effective date for implementation of any changes to particular flat rate expense categories will be 1 January 2020.   Revenue have also confirmed...

Written Answers — Department of Finance: NAMA Social Housing Provision (11 Dec 2018)

Paschal Donohoe: As regards the first part of the Deputy’s question, I am advised that NARPS (National Asset Residential Property Services D.A.C.) was established by NAMA in 2012 in order to expedite the provision of much needed social housing. NARPS operates by purchasing properties from its debtors and receivers, at full market value, and making them available to Local Authorities or Approved Housing...

Written Answers — Department of Finance: Tax Code (11 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 139, 140 and 147 together. The Deputies will be aware that the administration of the tax code is a matter for Revenue. The Deputies will also be aware that, in accordance with the provisions of the Taxes Consolidation Act 1997 as regards the confidentiality of a taxpayer’s affairs, Revenue does not comment on the tax affairs of individual taxpayers....

Written Answers — Department of Finance: Insurance Industry (11 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 141 to 144, inclusive, together. The Central Bank of Ireland has advised me that it was notified by the Danish Financial Supervisory Authority on 7 March 2018 that it had ordered Alpha Insurance A/S to cease writing new business including renewal of existing contracts and business with immediate effect. It was further notified on 9 May 2018 that the...

Written Answers — Department of Finance: Tax Avoidance (11 Dec 2018)

Paschal Donohoe: Arising from information brought to my attention by Revenue concerning avoidance schemes, a number of amendments to the tax code were made in the Finance Act 2017. One of the amendments to which the Deputy refers was an amendment to section 135 TCA. This amendment nullified a cash extraction scheme whereby shareholders extracted distributable reserves from their corporate entities but avoided...

Written Answers — Department of Finance: Brexit Issues (11 Dec 2018)

Paschal Donohoe: As the Deputy will be aware, the negotiations on both the EU-UK Withdrawal Agreement and political declaration on the framework for the EU-UK future relationship, both of which we were endorsed by the European Council on 25 November, were conducted on behalf of the EU27 by the EU's Chief negotiator, Michel Barnier, and the Commission's Article 50 Taskforce.  Brexit is a priority...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (11 Dec 2018)

Paschal Donohoe: The Home Renovation Incentive (HRI) is provided for in section 477B of the Taxes Consolidation Act 1997.  As the Deputy will be aware, the HRI provides a tax relief by way of an income tax credit in respect of expenditure on qualifying work. Qualifying work is any repair, renovation or improvement works carried out on principal private residences or rental properties by tax compliant...

Written Answers — Department of Finance: Tax Credits (11 Dec 2018)

Paschal Donohoe: I am advised by Revenue that there was a short delay in issuing employee Tax Credit Certificates (TCCs) to the business in question but this was not connected to the changes arising from PAYE Modernisation. Revenue has also confirmed that of the eleven TCCs requested by the company, seven have already issued and a further three will issue in the coming days. Additional information is...

Written Answers — Department of Finance: Tax Rebates (11 Dec 2018)

Paschal Donohoe: I am advised by Revenue that it has already contacted the persons in question and advised them of the steps required (by them) to advance their claims for a tax rebate on eligible medical expenditure. The official also advised the persons on how to register for Revenue’s on-line services, including MyAccount (for PAYE taxpayers) and ROS (for self-assessed taxpayers), which are the...

Written Answers — Department of Finance: NAMA Legal Cases (11 Dec 2018)

Paschal Donohoe: The Deputy will be aware that Section 172(3) of the NAMA Act 2009 is a legal provision preventing any interest in property held as security for loans acquired by NAMA from being sold back to defaulting debtors, or persons acting on behalf of defaulting debtors. In order to ensure compliance with Section 172(3), I am advised that NAMA has a policy of obtaining written confirmation from...

Written Answers — Department of Finance: Departmental Staff Data (11 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 152 to 154, inclusive, together. I wish to inform the Deputy that the number of women and men employed in the Department of Finance, the various grades in which they are employed and the ratio of males to females employed in the Department, is outlined in the following table. Grade Male % Female % Total Secretary General 1 100% 1 Assistant Secretary 6...

Written Answers — Department of Finance: Company Liquidations (11 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 155 to 157, inclusive, together. On 28 November, the Central Bank announced that it had been informed that Qudos Insurance A/S had entered into solvent liquidation. Qudos is authorised and regulated by the Danish Financial Supervisory Authority, and therefore the Central Bank had no role in this decision. It is understood that Qudos operated in Ireland on...

Written Answers — Department of Finance: Appointments to State Boards (11 Dec 2018)

Paschal Donohoe: Of the seventeen bodies under the aegis of my Department, seven are State Boards and, as such, are subject to the guidelines on appointments to State Boards. These are Central Bank, the Credit Union Restructuring Board, the Financial Services and Pensions Ombudsman, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the...