Results 18,441-18,460 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Economic and Social Research Institute (26 Jun 2019)

Paschal Donohoe: As part of ongoing engagement between my Department and external institutions, officials within my Department engaged in discussions with officials from the ESRI in relation to the publication of its Quarterly Economic Commentary on Thursday 20thJune. My officials have briefed me on the findings and recommendations that are set out by the ESRI in its report. In terms of the overall...

Written Answers — Department of Finance: Vehicle Registration (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that where a vehicle is moved from one Member State of the EU to another a registration certificate from the first Member State is a requirement when re-registering the vehicle. This requirement is set out in the VRT section on the Revenue website at General information on registration. I am also advised that since earlier this year some importers of used...

Written Answers — Department of Finance: Carbon Tax Collection (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the estimated cost to the consumer of Carbon Tax (including VAT) on each of the requested units and commodity types is provided in the table below. Carbon Tax (tonne of CO2) Coal 40kg Briquettes (12.5kg) Petrol (L) Diesel (L) Kerosene (L) Natural gas (Gross KwH) €5 €0.60 €0.13 €0.01 €0.02 €0.01 €0.01...

Written Answers — Department of Finance: Insurance Costs (26 Jun 2019)

Paschal Donohoe: At the outset, the Deputy should note that I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept....

Written Answers — Department of Finance: Tax Forms (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the new administrative arrangements for PAYE (PAYE Modernisation) started on 1 January this year. These new arrangements do not affect the way income tax and other statutory deductions are calculated under the PAYE system, but do change the way employers report payroll information to Revenue on or before each pay date. PAYE Modernisation has also streamlined...

Written Answers — Department of Finance: Tax Credits (27 Jun 2019)

Paschal Donohoe: I am grateful to the Deputy for clarification that this question relates to the basis and rationale behind the restriction which may preclude a dual income couple from claiming both the home carer credit and the increased standard rate cut-off point available for such couples. The home carer credit was introduced in Finance Act 2001 in tandem with the move towards individualisation of the...

Written Answers — Department of Finance: Revenue Commissioners Audits (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that its intervention options range from light touch Aspect Queries through to Investigations for cases of suspected serious tax and duty evasion. The intervention type used in any case is dependent on the level of risk identified and the taxpayer behaviour involved. Full details of Revenue’s suite of compliance interventions are set out in Chapter 2 of the Code...

Written Answers — Department of Finance: Budget Measures (27 Jun 2019)

Paschal Donohoe: A multitude of economic and social metrics play a role in the budgetary deliberations in my Department and across Government. Well-being is a complex, multi-dimensional concept and measuring it is no simple task. To address this, New Zealand has taken the approach of monitoring a broad range of economic, social and environmental metrics. This is also what my Department does. It is...

Written Answers — Department of Finance: Currency Regulation (27 Jun 2019)

Paschal Donohoe: Firstly, I would like to assure the Deputy that my Department is aware of the recent announcement relating to the cryptocurrency in question, and will continue to monitor developments ahead of its planned issuance in 2020. In March of last year, I announced the creation of the Blockchain & Virtual Currencies Working Group and tasked this Working Group with the role of examining...

Written Answers — Department of Finance: Fiscal Policy (27 Jun 2019)

Paschal Donohoe: In terms of the recent Fiscal Assessment Report (FAR) published by the Irish Fiscal Advisory Council, I can confirm for the Deputy that I have received the report and will be providing a formal response to the Council which will issue in due course. Earlier this week, I published the Summer Economic Statement (SES) 2019 which set out the approach that will be taken to the formulation...

Written Answers — Department of Finance: Tax Exemptions (27 Jun 2019)

Paschal Donohoe: In the form in which it is presented, the Deputy's question refers to two separate schemes, namely the Back to Work Enterprise Allowance (BWEA) scheme and the Start Your Own Business (SYOB) tax incentive scheme; however both share the common objective of encouraging enterprise by individuals. The former is operated under the auspices of the Minister for Employment Affairs and Social...

Written Answers — Department of Finance: Universal Social Charge Yield (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the net receipts from the application of the USC in the last 5 years are as follows: Year USC €m 2014 3,647 2015 4,174 2016 3,968 2017 3,724 2018 3,739 The amount of revenue to be collected in 2019 from the application of the USC is currently estimated to be €3.9 billion.

Written Answers — Department of Finance: Revenue Commissioners Investigations (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that it carries out a full range of interventions to combat all types of tax evasion and non-compliance. This includes a clear focus on the practice of disguised employment and challenging the inappropriate classification of workers as self-employed contractors. Revenue has also advised me that it carries out significant numbers of outdoor ‘site’...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (27 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 50 and 51 together. Where investment management and pension consultancy firms are providing regulated activities under financial services legislation these firms are authorised and regulated by the Central Bank in respect of these services. The Central Bank publishes the Registers of those firms authorised under the relevant financial services legislation. The...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (27 Jun 2019)

Paschal Donohoe: The Central Bank of Ireland have provided the following tables setting out the number and details of enforcement proceedings by the Central Bank in each of the years since 2013 (to date). Enforcement actions against regulated firms and individuals under the Administrative Sanctions Procedure (ASP) Year Number Fines Imposed 2019 3* €22,526,189 2018 10 €7,441,000 2017 11...

Written Answers — Department of Public Expenditure and Reform: Financial Services Sector (27 Jun 2019)

Paschal Donohoe: I welcome the OECD Report of Financial Reporting in Ireland. My officials are currently considering the report and the recommendations, to consider options for implementation. The OECD Review of Financial Reporting in Ireland builds on the experience and knowledge acquired by the Budgeting and Public Expenditures Division of the OECD Directorate for Public Governance over past decades...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (2 Jul 2019)

Paschal Donohoe: Revenue statistics on the Help to Buy incentive are published at the following link: As the Deputy will note, there were 79 Help to Buy claims in Mayo in 2018 and 46 between January and May so far this year.

Written Answers — Department of Finance: National Economic Dialogue (2 Jul 2019)

Paschal Donohoe: As the Deputy will be aware the fifth National Economic Dialogue took place on June 26thand 27ththis year. This dialogue plays an integral part in the preparations for Budget 2020 and provided an opportunity to consider how best to optimise available resources in the interests of all citizens. The aim is to foster discussion on how to best sustain and strengthen the recovery while taking...

Written Answers — Department of Finance: VAT Exemptions (2 Jul 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with Irish VAT legislation, slurry spreading equipment is liable to VAT at the standard rate, currently 23%, and there is no discretion, under the Directive, to exempt these goods from VAT. I am advised by the Revenue Commissioners that farmers may elect to register for VAT...

Written Answers — Department of Finance: Tax Code (2 Jul 2019)

Paschal Donohoe: I am informed that the person in question is in receipt of a pension from the Department of Employment Affairs and Social Protection (DEASP) and receives a private occupational pension. Revenue has confirmed that where a person is in receipt of both a State pension and a private pension, any income tax that may be due in respect of the State pension is collected by reducing the income tax...