Results 16,121-16,140 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Property Tax Review (17 Jan 2019)

Paschal Donohoe: The report of the review of the LPT is currently being finalised in conjunction with the Departments of the Taoiseach, Public Expenditure and Reform, Housing Planning and Local Government, and the Office of the Revenue Commissioners. I will of course carefully consider the conclusions and recommendations of the report when it is presented to me.

Written Answers — Department of Finance: Central Bank of Ireland (17 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 63 and 64 together. The independence of the Central Bank of Ireland is enshrined in the Central Bank Acts, the Treaties of the European Union and by the Statute of the European System of Central Banks, and in that context the Central Bank Commission is responsible for the Bank's overall staffing levels and the allocation of those staff across the Bank. ...

Written Answers — Department of Finance: Central Bank of Ireland (17 Jan 2019)

Paschal Donohoe: Section 48(1) of the Central Bank (Supervision and Enforcement) Act 2013 (the Act) gives the Central Bank of Ireland the power to make regulations for the proper and effective regulation of regulated financial service providers. The benefit of Section 48(1) is that it allows the Central Bank to make detailed and technical sector specific Regulations. The approach adopted in Section 48 was...

Written Answers — Department of Finance: Pensions Data (17 Jan 2019)

Paschal Donohoe: I am advised by the Pensions Authority (PA), a body under the aegis of the Department of Employment Affairs and Social Protection, that at the end of Q3 2018, the value of assets held in PRSA accounts stands at circa €6.6bn. The number of PRSAs established at that time was 275,739 resulting in a mean average value of PRSAs of circa €24,000. I am further advised by the PA that...

Written Answers — Department of Finance: Investor Compensation Company Limited (17 Jan 2019)

Paschal Donohoe: The Investor Compensation Directive (97/9/EC) sets out the basis for clients of investment firms to receive statutory compensation when an authorised investment firm fails. In Ireland, the Investor Compensation Act 1998 provides for the establishment of the Investor Compensation Company DAC (ICCL) which administers the Investor Compensation Scheme. The Investor Compensation Scheme deals...

Written Answers — Department of Finance: Investor Compensation Company Limited (17 Jan 2019)

Paschal Donohoe: The Investor Compensation Directive (97/9/EC) sets out the basis for clients of investment firms to receive statutory compensation when an authorised investment firm fails. In Ireland, the Investor Compensation Act 1998 provides for the establishment of the Investor Compensation Company DAC (ICCL) which administers the Investor Compensation Scheme. The Investor Compensation Scheme deals...

Written Answers — Department of Finance: Pension Provisions (17 Jan 2019)

Paschal Donohoe: The OECD Pensions Outlook 2018 provides comprehensive analysis and insight into the challenges facing developed nations that must design and apply appropriate pension policies to best meet the needs of their existing and future older populations. My colleague the Minister for Employment Affairs & Social Protection outlined last year this Government's approach to reforming all...

Written Answers — Department of Finance: Tracker Mortgages Data (17 Jan 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman is independent in the performance of his statutory functions. I have no role in the day to day workings of his office. However, I have been advised by the Financial Services and Pensions Ombudsman that he currently has 1,221 complaints on hand in January 2019 which relate to tracker mortgage issues. Of those,...

Written Answers — Department of Finance: Departmental Expenditure (17 Jan 2019)

Paschal Donohoe: I can confirm that my Department has spent the following on accountancy and consultancy firms in relation to capital projects in the past five years. Division Amount spent in each year for the past five years on accountancy and consultancy firms in relation to capital projects; The specific capital project in which the costs were incurred; Corporate Affairs 2016 - €4,206.60 2016...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (17 Jan 2019)

Paschal Donohoe: The number of HGV's passing through Dublin Port varies on a daily basis. The daily peak occurs between the hours of 2-6 each morning and numbers between 300-360 HGV's. The contingency plan takes this figure into account. The Office of Public Works, on behalf of the relevant State agencies, is working with Dublin Port to ensure that an effective traffic management plan is in place. All land...

Written Answers — Department of Public Expenditure and Reform: Departmental Projects (17 Jan 2019)

Paschal Donohoe: This is a matter for the Minister for Culture, Heritage and Gaeltacht in the first instance. Overall responsibility for the management and delivery of the project referred to by the Deputy rests with Cork City Council, with Exchequer grant funding being administered through the Department of Culture, Heritage and the Gaeltacht. I have been advised by the Department of Culture,...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (17 Jan 2019)

Paschal Donohoe: The information requested by the Deputy is included in the following table. Year Company Capital Project Cost 2015 Dovetail Technologies eCohesion IT Project €46,371 2016 Knowledge Pool as part of CAPITA Consulting Business case to deliver a new shared model to deliver learning and development for the Civil Service €106,063 2017 Astron Consulting Limited eCohesion IT...

Written Answers — Department of Finance: NAMA Social Housing Provision (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 to 111, inclusive, together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or...

Written Answers — Department of Finance: Tax Yield (22 Jan 2019)

Paschal Donohoe: Finance (No. 2) Act 2008 facilitated the introduction of a car parking levy in urban areas. The enabling of the measure would require a Ministerial Order. Such an Order has not been made to date and consequently there has been no revenue collected nor any employees levied.

Written Answers — Department of Finance: Tax Code (22 Jan 2019)

Paschal Donohoe: As outlined in my reply to Parliamentary Questions 139, 140 and 147 of 11 December 2018, the Deputy will be aware that the administration of the tax code is a matter for Revenue. The Deputy will also be aware that, in accordance with S851A of the Taxes Consolidation Act 1997 Revenue does not comment on the tax affairs of individual taxpayers. The position in tax law is that where an...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (22 Jan 2019)

Paschal Donohoe: 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 and promoting competition and innovation, and the efficient and effective use of EU resources and financial instruments. The SBCI...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (22 Jan 2019)

Paschal Donohoe: The Strategic Banking Corporation of Ireland, known as the SBCI, has been Ireland’s national promotional institution since it was established in September 2014. The SBCI’s role as a national promotional institution is to focus is delivering effective financial supports to Irish SMEs, facilitating the availability of appropriate and flexible finance to Irish small businesses, and...

Written Answers — Department of Finance: Tax Data (22 Jan 2019)

Paschal Donohoe: I am advised by Revenue that interest on late payment statistics are collated on the basis of interest charges paid and not on the number of SMEs charged.  A total of 14,244 taxpayers paid interest amounting to €33.37m in 2017 in respect of the late payment of Income Tax, including interest charged as part of audit settlements. The current rate of interest in respect of late...

Written Answers — Department of Finance: VAT Rate Application (22 Jan 2019)

Paschal Donohoe: Under the VAT Consolidation Act 2010, the standard rate of VAT applies to all food supplements, which are not foods in the ordinary and everyday meaning of the word.  A long-standing concession provided for in Revenue Commissioners guidance permitted the zero rating of certain types of food supplements (vitamins, minerals and fish oils).  New guidance was published on...

Written Answers — Department of Finance: Excise Duties (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 118 and 143 together. EU Directive 92/83/EEC deals with the harmonization of the structures of excise duties on alcohol and other alcoholic beverages.  This Directive provides that Member States may apply reduced rates of excise for small beer producers and also for small distilleries (spirit drinks producers). Ireland has exercised the...