Results 18,141-18,160 of 32,983 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: My understanding is that in normal circumstances the landowner would pay capital gains tax.

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: The landowner will pay capital gains tax.

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: It is low in terms of a percentage of the total value of the property but the landowner is paying capital gains tax. The trade-off is that I want to ensure that more land upon which we can build more homes will be made available. I am trying to get the balance right. I am not making this policy choice because of a desire to protect private gain, I am doing it to try to ensure that we will...

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: That has a big policy consequence as well. In essence, the Deputy is accepting my assumption that if we were to introduce such a tax measure, it would reduce the ability to make land available for additional homes. The Deputy’s answer to that question is that he would acquire it by means of compulsory purchase orders. That would have significant consequences for landowners. We can...

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: In the context of the Deputy's point on the short and medium-term effects of Brexit on the national finances, I published an estimate of that earlier in the year and indicated that the effect would be significant. I also indicated that it would mean that the surpluses we have begun to run - and which would have run at a higher pace in the future - would be affected considerably and that the...

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: To make sure I understand the Chairman's question, is he talking about the particular issue of management fees?

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: I said in the report and on the day it was launched that I was aware of the interest in the Oireachtas in considering this issue. However, people living in properties, homes or apartments who are paying management fees are also more than likely in receipt of services supplied by the local authority as well. We need to assess the contribution they make in that light. Currently, people...

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: Our modelling is based on the price at which the properties move to remaining unchanged and the yield therefore coming off an unchanged price. We have assumed neither continued inflation nor a deflation in the future. To explain that better, we have said that a property will go from a price point now to one in the future and we have not assumed that price point will go up or down after...

Written Answers — Department of Finance: Central Bank of Ireland Staff (12 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. In my answer to PQ 23886/19, I have set out why it would not be appropriate for me or the Government to comment at this time on the investigation by the New Zealand State Services Commissioner into the unauthorised access of New Zealand Budget material and the events surrounding it.    I understand that...

Written Answers — Department of Finance: Mortgage Lending (12 Jun 2019)

Paschal Donohoe: For the purposes of the Central Bank residential mortgage lending rules, a first time buyer is defined as a borrower to whom no housing loan has ever before been advanced. Where the borrower under a housing loan is more than one person and one or more of those persons has previously been advanced a housing loan, none of those persons is a first-time buyer. However, the Central Bank also...

Written Answers — Department of Finance: Mortgage Data (12 Jun 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that their quarterly Residential Mortgage Arrears and Repossessions Statistics only includes data on residential mortgages secured on property on Ireland. Loans for commercial purposes would not be included in the statistics.

Written Answers — Department of Finance: Vehicle Registration (12 Jun 2019)

Paschal Donohoe: I am advised by Revenue that contrary to the position as conveyed to the Deputy, the person concerned was not in possession of nor had he applied for an exemption from Vehicle Registration Tax (VRT) when the vehicle concerned was seized by Revenue in February 2017. In June 2017 Revenue wrote to the individual outlining the release terms for the vehicle which included the condition...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (12 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 89 and 90 together. As the Deputy will be aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 was enacted on 24 December 2018 and commenced on 21 January 2019 and amended Part V of the Central Bank Act 1997 to expand the activity of credit servicing to include holding the legal title to credit granted under a credit agreement and...

Written Answers — Department of Finance: Central Bank of Ireland Data (12 Jun 2019)

Paschal Donohoe: It was not possible for the Central Bank of Ireland to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Construction Industry (12 Jun 2019)

Paschal Donohoe: My Department has not undertaken analysis of this nature, and I am not aware of any such analysis by either the Central Bank or the National Treasury Management Agency. My Department’s assessments of the principal economic and fiscal risks are set out twice yearly in Stability Programme Update in April and in the Budget Economic and Fiscal Outlook in October each year. It is not...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Recruitment (12 Jun 2019)

Paschal Donohoe: As the Deputy will be aware, the Public Appointments Service (PAS) is an independent, statutory body which provides professional recruitment and selection services to the civil service.   The Temporary Clerical Officer (TCO) competition for 2019 is currently underway and candidates are assigned as and when vacancies are notified to PAS.  The number of positions available to any...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Redeployment (12 Jun 2019)

Paschal Donohoe: I am reading this question as referring to moves under the redeployment scheme. As the Deputy will be aware, the various Public Service Agreements (PSAs) provide for agreed redeployment arrangements to apply in the civil service and in other parts of the public service. Redeployment is primarily a mechanism for the transfer of surplus staff to areas where appropriate vacancies exist....

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (12 Jun 2019)

Paschal Donohoe: It is important that Ireland’s statutory National Minimum Wage and the Living Wage concept are not confused. The Living Wage has no legislative basis and is therefore not a statutory entitlement. It currently stands at €11.90 per hour, to be reviewed this month, according to the Living Wage Technical Group 2018 document. The National Minimum Wage is a statutory entitlement...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (12 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 96 to 99, inclusive, together. As the Deputy is aware, under the Public Service Stability Agreement 2018-2020 (PSSA), it was agreed by all parties that there would be an examination of remaining salary scale issues in respect of post January 2011 recruits at entry grades. The discussions were informed by a Report, of March 2018 to the Houses of the Oireacthas...

Written Answers — Department of Public Expenditure and Reform: Departmental Bodies Data (12 Jun 2019)

Paschal Donohoe: I am informed by the Institute of Public Administration that the Finance and Strategy Committee met twenty five times in total between 2011 to 2018 and to date in 2019. Details of the date and attendees of each meeting is provided in the following table: Year Number of  Finance and Strategy Meetings  Date of Meeting  Chair  Members in Attendance  Apologies ...