Results 17,481-17,500 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Legal Costs (11 Apr 2019)

Paschal Donohoe: The cumulative cost to date in respect of the entire appeal and recovery in the Apple case is in the order of €7.1 million (including VAT). This includes all legal costs, consultancy fees and other associated costs. These fees have been paid by the Department of Finance, Revenue Commissioners, NTMA, Central Bank of Ireland, Attorney General's Office and Chief State...

Written Answers — Department of Finance: State Aid (11 Apr 2019)

Paschal Donohoe: Notwithstanding that the Government profoundly disagrees with the Commission's analysis in the Apple State aid case, the full recovery of the alleged State aid from Apple has been completed with approximately €14.3 billion deposited into the Escrow Fund. The funds will remain in the Escrow Fund pending a final determination in the European Courts over the validity of the...

Written Answers — Department of Finance: Departmental Contracts Data (11 Apr 2019)

Paschal Donohoe: My Department has no record of awarding a State contract to the company named during the past seven years.

Written Answers — Department of Finance: Real Estate Investment Trusts (11 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 57 and 58 together. Finance Act 2013 introduced the regime for the operation of Real Estate Investment Trusts (REITs) in Ireland. The function of the REIT framework is not to provide an overall tax exemption but rather to facilitate collective investment in rental property by removing a double layer of taxation which would otherwise apply on property...

Written Answers — Department of Finance: Cycle to Work Scheme (11 Apr 2019)

Paschal Donohoe: I am informed by Revenue that the cycle to work scheme provides an exemption from tax on the first €1,000 of expenditure incurred by an employer in connection with the provision of a bicycle or safety equipment to an employee or director. The bicycle must be for the employee/director’s personal use in undertaking the whole or part of the journey to or from work.  Safety...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (11 Apr 2019)

Paschal Donohoe: I wish to advise the Deputy that my Department has never awarded a contract to the company named in the question.

Written Answers — Department of Finance: Insurance Industry (16 Apr 2019)

Paschal Donohoe: The negative effects of climate change on insurers globally, in the form of more frequent and severe storms, floods and droughts, is well documented both in terms of increased payouts and the impact on insurers investment portfolios. In a recent presentation in relation to Climate Change and the Irish Financial System, the Central Bank of Ireland has noted that there has been a tripling of...

Written Answers — Department of Finance: Tax Reliefs Availability (16 Apr 2019)

Paschal Donohoe: Supporting young farmers and generational renewal continues to be a priority for both the Government and the EU, and will form an important part of the CAP post-2020.  I understand that my colleague, the Minister for Agriculture, Food and the Marine, and his Department, are actively engaging with other Member States and the EU Commission on these issues during the current...

Written Answers — Department of Finance: Revenue Commissioners Data (16 Apr 2019)

Paschal Donohoe: I am advised by Revenue that it is an integrated tax and customs administration. Revenue had a total of 1,851 staff assigned to confronting non-compliance at end March 2019. This comprises of staff assigned to anti-smuggling, anti-avoidance, audit and other interventions, investigations and prosecutions.  In addition, Revenue had over 530 staff assigned to debt management at end...

Written Answers — Department of Finance: EU Investigations (16 Apr 2019)

Paschal Donohoe: Under the Treaty on the Functioning of the EU (Article 325) the European Union and its member states must combat fraud and any other illegal activities affecting the EU's financial interests. In 1999, the European Commission set up the European Anti-Fraud Office (OLAF), as an independent office, to investigate fraud and any other illegal activity affecting EU financial interests, and to help...

Written Answers — Department of Finance: Tax Code (16 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 139 and 140 together. 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 in 1975 and at 1% betting duty was at an all time low. Receipts from betting duty represented less than 1 per...

Written Answers — Department of Finance: Insurance Data (16 Apr 2019)

Paschal Donohoe: At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, my Department does not collect the type of information being sought by the Deputy.  I am advised by the Central Bank of Ireland that it does not collect this type of information either. While the Deputy is aware that...

Written Answers — Department of Finance: Tax Reliefs Abolition (16 Apr 2019)

Paschal Donohoe: I am advised by Revenue that, based on 2016 data, the latest year for which a complete set of data are available, the annual yield to the Exchequer from the abolition of tax relief for private health insurance premiums is tentatively estimated to be of the order of €325 million. The estimated yield to the Exchequer from reducing the current rate of tax relief from the standard...

Written Answers — Department of Finance: Disability Act Employment Targets (16 Apr 2019)

Paschal Donohoe: I propose to take Questions Nos. 143 and 144 together. The Disability Act 2005 sets out the legal obligations of public service bodies and includes: - the promotion and support of the employment of people with disabilities - compliance with any statutory Code of Practice - meeting the target of 3% of employing people with disabilities and - reporting annually on the...

Written Answers — Department of Finance: Tax Code (16 Apr 2019)

Paschal Donohoe: Upon selling their primary residence, the vast majority of owner-occupiers are entitled to the full Principal Private Residence Relief to Capital Gains Tax (CGT), provided they meet the conditions of the relief. The relief allows owner-occupiers to retain the proceeds made from liquidating the equity in their home, without being liable to CGT. Downsizers can use the proceeds from the sale of...

Written Answers — Department of Finance: Exchequer Revenue (16 Apr 2019)

Paschal Donohoe: I attach a table listing the dividends paid to the Exchequer by commercial State bodies in the years 2010-2018 inclusive. - 2010 2011 2012 2013 2014 Aer Lingus 0 0 4,023,271 5,364,361 5,364,361 Bord Gáis Éireann 30,250,981 33,090,793 23,813,960 49,871,305 0 Irish Aviation Authority 0 0 0 5,015,000 4,833 Electricty Supply Board 89,718,346 73,166,534 68,840,492 139,463,125...

Written Answers — Department of Finance: Mortgage Interest Rates (16 Apr 2019)

Paschal Donohoe: The Central Bank has provided the following data which is indicated (in tabular format) are the calculated weighted average interest rates for new house purchase agreements. Loans to households for house purchases:  - of which - new lending incl. renegotiations of which - new lending excl. renegotiations Mar-14 3.36 n/a Jun-14 3.27 n/a Sep-14 3.58 n/a Dec-14 3.75 n/a Mar-15...

Written Answers — Department of Finance: Banking Licence Breaches (16 Apr 2019)

Paschal Donohoe: I am informed by the Central Bank that KBC Bank Ireland plc is a public limited company incorporated in Ireland under the Companies Acts 1963 to 2006 (no. 40537) on 14 February 1973 under the name Irish Inter-Continental Holdings Limited. On 25 April 1973, it changed its name to Irish Intercontinental Bank Limited. On 10 January 2000, it changed its name to IIB Bank Limited. On 29 March 2006,...

Written Answers — Department of Finance: Tax Code (16 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 in 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...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (16 Apr 2019)

Paschal Donohoe: This issue relates to a claim by community employment supervisors and assistant supervisorswho have been seeking, through their union representatives, the allocation of Exchequer funding to implement a 2008 Labour Court recommendation relating to the provision of a pension scheme. The matter was the subject of extensive discussion at the Community Sector High Level Forum which was reconvened...