Results 17,381-17,400 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2019)

Paschal Donohoe: The Department of Finance carried out a review of policy in relation to flood insurance in 2016, which formed part of the Interdepartmental Flood Policy Coordination Group Interim Report, as approved by Government in November 2016. As part of the review, the Department examined a number of possible approaches including approaches in other jurisdictions. This work included examination of an...

Written Answers — Department of Finance: Tax Code (28 Mar 2019)

Paschal Donohoe: I am advised by Revenue that a company may claim capital allowances on capital expenditure, which it incurs on plant and machinery, at a rate of 12.5% per year over 8 years. In order to qualify for capital allowances, the plant and machinery must be in use at the end of the company’s accounting period and in use for the purposes of its trade. With regard to health and safety...

Written Answers — Department of Finance: Insurance Costs (28 Mar 2019)

Paschal Donohoe: My officials discussed issues arising from your question with Insurance Ireland, who stated at the outset that ultimately matters related to payment method options are contractual ones which rest between the individual insurance provider and policyholder. Insurance Ireland also pointed out that the majority of personal consumer insurance products can be paid in instalments and that it...

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2019)

Paschal Donohoe: My officials consulted with both the Central Bank of Ireland and Insurance Ireland on the Deputy’s question. From that engagement, I understand that neither body are aware of any models in other jurisdictions by which companies that are unable to obtain an insurance quote can avail of insurance similar to the Declined Cases Agreement. The Bank has also advised that there is no formal...

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (28 Mar 2019)

Paschal Donohoe: The Public Spending Code is reviewed on an ongoing basis to ensure that it continues to reflect best practice in project appraisal and evaluation and to ensure value for money in the use of public funds. In particular, there has been extensive and ongoing review in relation to capital projects over recent months. I anticipate that this major phase of review of the Public Spending Code will be...

Written Answers — Department of Public Expenditure and Reform: Sports Organisations (28 Mar 2019)

Paschal Donohoe: Article 33(1) of the Constitution requires the Comptroller and Auditor General (C&AG) to control all disbursements on behalf of the State: “There shall be a Comptroller and Auditor General to control on behalf of the State all disbursements and to audit all accounts of moneys administered by or under the authority of the Oireachtas.” Pursuant to Article 33(4) of the...

Written Answers — Department of Finance: Betting Regulations (2 Apr 2019)

Paschal Donohoe: The increase in the betting duty rate from 1 per cent to 2 per cent, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January 2019. The last time that the betting duty rate was increased was 1975 and at 1% betting duty was at an all time low. Receipts from betting duty represented less than 1 per cent of all excise receipts in 2017 and this was...

Written Answers — Department of Finance: Bank Debt Restructuring (2 Apr 2019)

Paschal Donohoe: I wish to advise the Deputy that my Department does not hold the information that is being sought. Officials from my Department contacted AIB and it provided the following response: "AIB prioritises reaching consensual arrangements with its customers in difficulty and only resorts to court proceedings where this is not possible. In cases where customers do not meaningfully engage or do not...

Written Answers — Department of Finance: Mortgage Applications Approvals (2 Apr 2019)

Paschal Donohoe: In considering an application for mortgage credit, there is a requirement on lenders to obtain relevant information on the borrower’s financial needs and objectives, personal circumstances and financial situation, including the person’s income and other relevant financial information. Based on the borrower’s income and expenses and other necessary and relevant financial...

Written Answers — Department of Finance: Revenue Commissioners Data (2 Apr 2019)

Paschal Donohoe: I am advised that designated bodies are required to submit a Suspicious Transaction Report (STR) to the Revenue and An Garda Síochána where they have a suspicion that a money laundering offence may have been committed. Tax evasion is a predicate offence for money laundering. In cases where the STR relates to other criminal activity it becomes a matter for An Garda...

Written Answers — Department of Finance: Tax Clearance Certificates (2 Apr 2019)

Paschal Donohoe: I am advised by Revenue that it has no record of an application for tax clearance from the person concerned. They can apply for a Tax Clearance Certificate on www.revenue.ieusing either ROS (business customers) or MyAccount (PAYE and non-ROS customers). If the individual requires any further information or assistance they should contact Revenue’s Helpline at 01-7383663.

Written Answers — Department of Finance: Brexit Data (2 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 113, 115 and 120 together. The most recent published estimates for the cyclical budgetary component and the structural balance were included in Budget 2019 (see Table). At Budget time, it was estimated that, adjusting for the impact of the cycle, the structural budget balance would be broadly in line with the achievement of the medium-term objective (MTO) in...

Written Answers — Department of Finance: Stability and Growth Pact (2 Apr 2019)

Paschal Donohoe: The Medium-Term Objective (MTO) is the cornerstone of the preventive arm of the Stability and Growth Pact, the EU's fiscal framework within which the Irish public finances are assessed. The European Commission sets minimum MTOs for each Member State every three years taking account of new information including changes in projected ageing costs. Member States subsequently set their own MTOs,...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Apr 2019)

Paschal Donohoe: In order to access the Disabled Drivers and Disabled Passengers Scheme a person must obtain a Primary Medical Certificate (PMC) from the HSE. A PMC is obtained if, following a professional clinical examination by the HSE, it is determined that the applicant satisfies at least one of the medical criteria necessary to qualify for a PMC.  If an applicant is...

Written Answers — Department of Finance: EU Budget Contribution (2 Apr 2019)

Paschal Donohoe: As the Deputy will be aware from my reply to Parliamentary Question No. 195 of 26 March 2019, Member State contributions to the EU budget are legally calculated by the EU Commission in line with the provisions outlined in the Own Resource Decision (ORD) Regulation (2014/335). Ireland is obliged to make GNI payments to the EU budget based on Ireland's share...

Written Answers — Department of Finance: Tax Clearance Certificates (2 Apr 2019)

Paschal Donohoe: I am advised by Revenue that it has no record of an application for tax clearance from the person concerned. They can apply for a Tax Clearance Certificate on www.revenue.ieusing either ROS (business customers) or MyAccount (PAYE and non-ROS customers). If the individual requires any further information or assistance they should contact Revenue’s Helpline at 01-7383663.

Written Answers — Department of Finance: Budget Targets (2 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 119 and 121 to 124, inclusive, together. The most recent projections for general government revenue, expenditure and one-off/temporary measures were outlined in my Department's Autumn forecasts contained in the Economic and Fiscal Outlookwhich was published as part of Budget 2019. These figures are reproduced in the table. My officials are in the process of...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (2 Apr 2019)

Paschal Donohoe: The Home Renovation Incentive (HRI) was introduced by Section 477B of the Taxes Consolidation Act 1997 in 2014.  I currently have no plans to re-open the scheme which terminated in accordance with its sunset clause on 31 December 2018. Under my Department's Tax Expenditure Guidelines, the introduction of new tax incentive measures should only be considered in...

Written Answers — Department of Finance: Insurance Costs (2 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 126 and 134 together. I am aware of what appears to be a growing issue of indoor/soft play centres closing due to increased insurance costs. As the Deputy will appreciate, data on the exact numbers of play centres closing is not collected by my Department nor the Central Statistics Office. My understanding is that the main reason for the difficulties...

Written Answers — Department of Finance: Carbon Tax Collection (2 Apr 2019)

Paschal Donohoe: I am advised by Revenue that the tax yield for Carbon Tax and each carbon fuel type for the years 2010 to 2017 is published on the Revenue website and is available at link: . The provisional yield for each carbon fuel type for 2018 is provided in the following table. 2018 €m Auto diesel 182.8 Petrol 48.1 Aviation Gasoline 0.0 Kerosene 58.6 MGO 54.1 Fuel Oil 1.8 LPG (other)...