Results 16,221-16,240 of 32,961 for speaker:Paschal Donohoe

No Consent, No Sale Bill 2019: Second Stage [Private Members] (29 Jan 2019)

Paschal Donohoe: Having said that and genuinely meant it, I want to tackle the self-serving illusion that has been put forward by some speakers this evening, namely that they are the only people who care about citizens who find themselves in great mortgage difficulty, at risk of losing their homes or with debts that have become unsustainable. These are citizens of our country whom I know. They are in my...

No Consent, No Sale Bill 2019: Second Stage [Private Members] (29 Jan 2019)

Paschal Donohoe: I did not hear a single Opposition Deputy make reference to the Insolvency Service of Ireland or speak of the difference it makes to citizens, as highlighted earlier this week. That service plays an important role in ensuring that citizens can stay in their homes while dealing with their financial difficulties. I did not hear a single Opposition Deputy refer to the insolvency legislation...

Written Answers — Department of Finance: VAT Rebates (29 Jan 2019)

Paschal Donohoe: I am advised by the Revenue Commissioners that many taxpayers prefer to do their business online and at a time of their convenience. To meet that need, Revenue has in place modern, high-quality, accessible and user-friendly online services for taxpayers to manage their tax affairs at a time that best suits them. The Revenue Commissioners continues to enhance those services and, inline with...

Written Answers — Department of Finance: Tax Collection (29 Jan 2019)

Paschal Donohoe: I am advised by Revenue that it has already reviewed the person’s tax situation across their various income sources and is satisfied that the applied credits and rate band are correct. The person was issued with an updated tax credit certificate (TCC) on 15 January 2019 which set out the tax credits that are available to her for this year. Revenue has confirmed that it will make...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (29 Jan 2019)

Paschal Donohoe: For the purposes of clarity, I believe the €156 million referred to in the Deputy’s question relates to agreements to which both the National Treasury Management Agency (the “NTMA”) and the Strategic Banking Corporation of Ireland (the “SBCI”) are separately party. Details on these agreements are set out, as follows; however, I am advised by the NTMA...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (29 Jan 2019)

Paschal Donohoe: I refer the Deputy to my response to PQ 3744/19, which sets out the agreements with Finance Ireland Limited and its subsidiary FICS Holdings (One) DAC. I am advised that neither the National Treasury Management Agency, as controller and manager of the ISIF, nor the Strategic Banking Corporation of Ireland has any agreements with ‘Close Bros’.

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (29 Jan 2019)

Paschal Donohoe: I refer the Deputy to the response to PQ 3744/19, which sets out the agreements with Finance Ireland Limited and its subsidiary FICS Holdings (One) DAC. These agreements are commercially negotiated and it would not be appropriate to disclose this commercially sensitive information. However, I would draw the Deputy's attention to the facts, as set out in PQ 3744/19, that the Ireland...

Written Answers — Department of Finance: Insurance Costs (29 Jan 2019)

Paschal Donohoe: With regard to the examination of alternative motor insurance systems, such as that in use in New Zealand as referenced in the details supplied, I would refer the Deputy to the Cost of Insurance Working Group’s 2017 Report on the Cost of Motor Insurance and in particular Chapter 7.5 and Appendix 7 of that Report which deal with international comparisons. The Report notes the use in...

Written Answers — Department of Finance: Illicit Trade (29 Jan 2019)

Paschal Donohoe: Solid fuel carbon tax commenced in May 2013 and the current rates per tonne of carbon dioxide emitted are €52.67, €36.67, €17.99 and €27.99 respectively for coal, peat briquettes, milled peat and other peat. Annual net receipts for solid fuel carbon tax amounted to €25.3 million in 2018. Approximately 75% of solid fuel carbon tax yield relates to coal. ...

Written Answers — Department of Finance: Illicit Trade in Fuel and Tobacco Products (29 Jan 2019)

Paschal Donohoe: The threat that fuel fraud and the illicit alcohol and tobacco trades pose to legitimate business, to consumers and the Exchequer is clear. I am satisfied that combatting such activity and criminality has been and continues to be a priority for Revenue. Steps taken by Revenue to combat the illegal fuel trade include the introduction of stringent supply chain controls and reporting...

Written Answers — Department of Finance: VAT Rate Application (29 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 163, 171 and 176 together. The standard rate of VAT applies to food supplements. However, a Revenue Commissioners concession allowed the zero rate to be applied to certain types of vitamins, minerals and fish oils. Revenue has since decided to remove this concession with effect from 1 March 2019 so that all food supplements will be charged at the...

Written Answers — Department of Finance: Home Building Finance Ireland Establishment (29 Jan 2019)

Paschal Donohoe: Home Building Finance Ireland (HBFI) was incorporated on 7 December 2018, pursuant to the Home Building Finance Ireland Act 2018. The official launch of HBFI took place on 28 January 2019, with both myself and Minister Eoghan Murphy in attendance. HBFI began accepting applications on 28 January 2019. The primary method of contact with HBFI is through its website () where an expression of...

Written Answers — Department of Finance: Tax Reliefs Data (29 Jan 2019)

Paschal Donohoe: 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 should say that no evidence is available to me which suggests that a significant number of Irish businesses have domiciled to the UK to take advantage of the higher lifetime CGT limit in that jurisdiction. In general, consideration of any changes...

Written Answers — Department of Finance: VAT Exemptions (29 Jan 2019)

Paschal Donohoe: Ireland avails of the following exemptions provided for under Articles 394 and 395 of the EU VAT Directive (originally under Article 27(1) to (5) of the 1977 Sixth VAT Directive): 1. The exemption of fish supplied by fishermen to taxable persons, including buyers from outside Ireland, regardless of turnover threshold. 2. The treatment of supplies of zero-rated food products as...

Written Answers — Department of Finance: Tax Yield (29 Jan 2019)

Paschal Donohoe: I am advised by Revenue that the provisional receipts from Sugar Sweetened Drinks Tax (SSDT) in 2018 are €16.5m. As this was a new tax, forecasting the level of receipts in advance was challenging, but based on the best available information was estimated at €30m. This assumed a commencement date of 1 April 2018. The subsequent 1 May commencement date impacted on the returns...

Written Answers — Department of Finance: VAT Rate Reductions (29 Jan 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. The VAT Directive provides that Member States may apply either one or two reduced rates of VAT to certain goods and services listed in Annex III of the Directive. In addition, the Directive allows for historic VAT treatment to be maintained under certain conditions on...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (29 Jan 2019)

Paschal Donohoe: In my responses to Parliamentary Questions No. 69 of 22 November 2018 and No. 77 of 23 January 2019, I set out how tax underpaid by investors as a consequence of an incorrectly issued Statement of Qualification for relief under the Employment and Investment incentive may be recovered from an investee company in certain circumstances. I also advised that, in such circumstances, the company...

Written Answers — Department of Finance: Motor Industry (29 Jan 2019)

Paschal Donohoe: The large scale importation of used cars from the UK during 2016 to 2018 may be due to a number of factors such as the relative weaknesses of sterling and the disparity in policies between the UK and Ireland in relation to the taxation of diesel and diesel vehicles. My Department recognises that the large scale importation of used cars from the UK over the past number of years is...

Written Answers — Department of Finance: Mortgage Interest Rates (29 Jan 2019)

Paschal Donohoe: All mortgage or other loans which are sold or assigned to a new creditor will continue to be subject to the terms of the contract as entered into by the borrower, including the terms which provide for an adjustment to the borrowing rate. Also, the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 provides that all the consumer protections a borrower had prior to a loan...

Written Answers — Department of Finance: Insurance Costs (29 Jan 2019)

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 has the power to direct insurance companies on the pricing or provision of insurance products. Indeed, the EU framework for insurance expressly prohibits Member States from adopting rules which require insurance companies to obtain...