Results 19,201-19,220 of 32,999 for speaker:Paschal Donohoe

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Illicit Trade in Fuel and Tobacco Products (26 Sep 2019)

Paschal Donohoe: I remember the work the Deputy did in proposing the Private Members' legislation to deal with the issue for Border communities and communities beyond. At the time I had a concern that the Bill, as drafted, would not have the effect the Deputy desired and felt the powers available to the Revenue Commissioners were what were needed and proportionate. However, I entirely agree with the Deputy...

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Fiscal Data (26 Sep 2019)

Paschal Donohoe: In the light of the complexities of European fiscal rules, the Irish Fiscal Advisory Council has adopted a principles-based approach to its assessment of compliance. While it is based on the EU framework, the approach incorporates a number of adjustments to make it more relevant in an Irish context. The council has assessed that the medium-term budgetary objective, MTO, was achieved in 2018....

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Fiscal Data (26 Sep 2019)

Paschal Donohoe: The answer to the last question is "Yes". I will be studying very closely the September expenditure figures that will be available early next week. Our position at the end of August showed that total Government expenditure was slightly below profile. For the Department of Health it was a bit above profile but far less so than it would have been this time a year ago. If Supplementary...

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Brexit Preparations (26 Sep 2019)

Paschal Donohoe: I am advised by Revenue that there have been more than 17,200 EORI registrations so far this year. There has been a significant increase in registrations since the start of the latest phase of Revenue's trader engagement programme, which commenced in July of this year.  Almost 5,000 businesses registered in August, with an additional 4,418 businesses having registered so far this month....

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Brexit Preparations (26 Sep 2019)

Paschal Donohoe: It has been ramped up significantly. I have referred to the new programme that has been in place since the summer. The Deputy is correct that a company that does not have this number will face massive challenges in continuing its work in the event of a no-deal Brexit at the end of October. As I said in my initial reply, 90% of exports to the UK, by value, are covered by companies that have...

Ceisteanna (Atógáil) - Questions (Resumed) - Ceisteanna Eile (Atógáil) - Other Questions (Resumed): Brexit Preparations (26 Sep 2019)

Paschal Donohoe: I stated in my reply than an "additional" phone call will be made to these companies. They have already been written to by Revenue to tell them they need an EORI number. The programme I am referring to is the additional contact that is now taking place. Revenue is contacting these companies again on behalf of the Government to tell them they need an EORI number. When I have attended...

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

Paschal Donohoe: Institutional investors represent one aspect of the property market and have an important role in increasing supply. Notwithstanding this, the Government monitors the actions of investors in the market and has taken action when abuses have been identified. In 2016, changes were introduced to address concerns regarding the use of collective investment vehicles by foreign investors to take...

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 15 and 16 together. The Deputies will be aware that a number of amendments were made to Section 481 of the Taxes Consolidation Act 1997 as part of Finance Act 2018. I legislated to split the certification process between Revenue and the Department of Culture, Heritage and the Gaeltacht (DCHG). Production companies are now required to apply to the...

Written Answers — Department of Finance: Credit Unions (26 Sep 2019)

Paschal Donohoe: As the Deputy is aware, credit unions are regulated and supervised by the Registrar of Credit Unions at the Central Bank who is the independent regulator for credit unions. Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. ...

Written Answers — Department of Finance: Tax Code (26 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. Having said that, the Deputy will be aware that the Climate Action Plan 2019 provided a commitment to assess a Carbon Tax trajectory of at least €80 per tonne by 2030, having regard to...

Written Answers — Department of Finance: Tax Code (26 Sep 2019)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) is an income tax incentive aimed at reducing the cost to employers of assigning key individuals in their companies from abroad to take up temporary, short-term positions in the Irish based operations of the employer with a view to transferring essential skills to Irish based workers. For example, such individuals may be transferred to head up new...

Written Answers — Department of Finance: Brexit Issues (26 Sep 2019)

Paschal Donohoe: When the UK leaves the EU, it will become a third country from a customs perspective and the free circulation and free movement of goods between the EU and the UK will end. This will increase substantially the number of businesses that will have to complete customs formalities and other related obligations for trade with the UK and through the UK landbridge to the EU. This will present a...

Written Answers — Department of Finance: Tracker Mortgages (26 Sep 2019)

Paschal Donohoe: As the Deputy will be aware the Financial Services and Pensions Ombudsman (FSPO) is an independent statutory office which operates under its own legislative framework and presents customers with a statutory means of resolving their complaint against a regulated financial services provider in a fair and independent manner. I am aware that the Deputy was recently in correspondence with the...

Written Answers — Department of Finance: Property Tax (26 Sep 2019)

Paschal Donohoe: The Local Property Tax was introduced in 2013 to provide a stable and sustainable funding base for local authorities and is a significant base-broadening measure. LPT has yielded over €2.42 billion for local authorities since its introduction, with the annual LPT allocation currently standing at close to €465 million, which supplements other local authority income. The Local...

Written Answers — Department of Finance: VAT Rate Application (26 Sep 2019)

Paschal Donohoe: Irish VAT legislation does not provide a zero rate for food supplement products; instead there is a legislative provision for zero rating food and drink. The zero rate for food and drink is provided for under a derogation from EU VAT law which allows Member States to retain certain zero rates for goods and services which were expressly covered in their national VAT legislation on 1 January...

Written Answers — Department of Finance: Corporation Tax Regime (26 Sep 2019)

Paschal Donohoe: On 28 May 2019, the OECD BEPS Inclusive Framework adopted a Programme of Work to develop a consensus solution to the tax challenges raised by digitalisation. This was subsequently endorsed by G20 Finance Ministers at their meeting in Fukuoka on 8-9 June 2019, and by G20 Leaders in Osaka on 28-29 June 2019.  This Programme of Work splits the continuing work among two separate...

Written Answers — Department of Finance: Brexit Preparations (26 Sep 2019)

Paschal Donohoe: I am informed by Revenue that significant work has been undertaken in preparation for post-Brexit Customs checks at Rosslare Europort. The Office of Public Works are responsible for the delivery of the necessary infrastructure and in preparation for the no-deal scenario, temporary facilities in Rosslare Harbour will include public office facilities, basic driver comfort facilities and exam...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Sep 2019)

Paschal Donohoe: I am advised by Revenue that it split its Large Cases Division into two divisions in 2018, one of which, Large Cases – High Wealth Individuals Division (LC-HWID), has a focus on HWIs, avoidance and pensions. As reflected in one of the recommendations in the 2017 Annual Report by the Comptroller and Auditor General (C&AG), this new Division reviewed the case base with a view to...

Written Answers — Department of Finance: Excise Duties (26 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Irish Fiscal Advisory Council (26 Sep 2019)

Paschal Donohoe: The main point raised by the Irish Fiscal Advisory Council (IFAC) in relation to medium-term budgetary planning relates to expenditure ceilings. In this area, my view is that there is a balance to be struck.  In theory, fixing expenditure ceilings over the medium term has certain advantages, including higher levels of certainty.   In practice,...