Results 20,001-20,020 of 32,726 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Expenditure (20 Mar 2018)

Paschal Donohoe: I wish to advise the Deputy that all receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process through which very competitive fixed-fee rates were achieved relative to prevailing market norms.  I am advised that, in general, fees are not paid to receivers directly by...

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (20 Mar 2018)

Paschal Donohoe: In response to the Deputy's question the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial regulation. Poor supervision, an overly-deferential...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Mar 2018)

Paschal Donohoe: I am informed by the Revenue Commissioners that the qualifying provisions for the Disabled Drivers and Passengers Scheme are contained in Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994). Regulation 3 sets out the medical criteria by which the eligibility on medical grounds of disabled persons who are severely and permanently...

Written Answers — Department of Finance: Government Bonds (20 Mar 2018)

Paschal Donohoe: I am advised by the National Treasury Management Agency (NTMA) that Bank of Ireland historically acted as registrars for certain bonds and Savings Schemes on behalf of the State. Bank of Ireland ceased to fulfil this function some years ago. The Central Bank of Ireland is now responsible for the maintenance of the register of Irish Government Bonds. As part of its responsibilities the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Mar 2018)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Tracker Mortgage Examination (20 Mar 2018)

Paschal Donohoe: As the Deputy is aware, the Central Bank of Ireland Tracker Mortgage Examination, which is well advanced at this stage, was established to ensure all borrowers who were adversely affected by the tracker scandal were identified and properly recompensed. All relevant matters fall under the scope of this examination, including the matter described in the details supplied by the Deputy. For...

Written Answers — Department of Finance: Social and Affordable Housing Provision (20 Mar 2018)

Paschal Donohoe: The Government's Rebuilding Ireland Action Plan for Housing and Homelessness emphasised the need to look at new ways of funding social housing delivery, in particular the need to provide structural, funding and policy supports to increase delivery of social housing by Approved Housing Bodies (AHBs). My colleague Eoghan Murphy, the Minister for Housing, Planning and Local Government,...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (20 Mar 2018)

Paschal Donohoe: I refer the Deputy to the Code of Conduct on Mortgage Arrears (CCMA). The completion of affordability assessments is a key step in the Mortgage Arrears Resolution Process set out in the CCMA (Step 3 - Assessment). In this regard regulated entities must examine each case on its individual merits and it must base its assessment on the full circumstances of the borrower, including: a) the...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (20 Mar 2018)

Paschal Donohoe: I refer the Deputy to the relevant parts of Code of Conduct on Mortgage Arrears (CCMA) and the Standard Financial Statement (SFS): The Central Bank’s Code of Conduct on Mortgage Arrears (CCMA) applies to all regulated mortgage lenders and credit servicing firms operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence. The CCMA...

Written Answers — Department of Finance: Banking Sector (20 Mar 2018)

Paschal Donohoe: I propose to take Questions Nos. 96 and 97 together. As the deputy is aware the relationship between the Minister for Finance and AIB is governed by a Relationship Framework Agreement. Under this framework the Minister has no direct function in commercial decisions made by AIB and these decisions are the responsibility of the Board and management of the bank. in relation to your specific...

Written Answers — Department of Finance: Banking Sector Regulation (20 Mar 2018)

Paschal Donohoe: The Central Bank monitors compliance by regulated entities with its regulated requirements, including the Consumer Protection Code (the Code), through its on-going supervisory engagement with firms including but not limited to reviews and research; themed inspections; mystery shopping; and advertising monitoring. Provision 3.11 of the Code requires that where a regulated entity intends to...

Written Answers — Department of Finance: Tax Data (20 Mar 2018)

Paschal Donohoe: Since 21 March 2016 tax appeals are made directly to the independent Tax Appeals Commission (TAC) which then notifies Revenue of the appeal. The amount estimated by Revenue to be in dispute for all tax appeals, both pre and post 21 March 2016, is approximately €1.8 billion. This figure relates to appeals that are with the TAC and with the Courts. The €1.8 billion disputed...

Written Answers — Department of Finance: Tax Appeals Commission (20 Mar 2018)

Paschal Donohoe: I am informed by the Tax Appeals Commission (TAC) that for a number of reasons, it is not possible to ascertain the average length of time an appeal takes to be heard or settled, as not all matters require a hearing. I am advised that some appeals can settle within a number of days of notification to the TAC due, in some part, to their less complex nature. However other more complex...

Written Answers — Department of Finance: Tax Appeals Commission (20 Mar 2018)

Paschal Donohoe: Since its establishment in March 2016 the Tax Appeals Commission (TAC) has had two full time Commissioners. An additional temporary Commissioner was appointed in June 2017 for a 2 year period in order to assist in disposing of the legacy appeals which transferred to the Commission from the Revenue Commissioners. My Department is currently considering a request from the TAC for additional...

Written Answers — Department of Finance: Credit Union Regulation (20 Mar 2018)

Paschal Donohoe: I can advise the Deputy that the board of each credit union is responsible for ensuring compliance with all legislative and regulatory requirements and guidance for the effective governance of the credit union. In particular there is an onus on the boards of credit unions operating prize draws to ensure that the governance, operation and recording of financial transactions are in line with...

Written Answers — Department of Finance: Vehicle Registration (20 Mar 2018)

Paschal Donohoe: I am informed by Revenue that the Finance Act 1992, section 135(D) provides for the repayment, in certain circumstances, of Vehicle Registration Tax where a vehicle is permanently exported from the State. This section was commenced with effect from 8 April 2013. Subsection (5) of this section originally provided that Revenue must make the repayment to the person named on the Vehicle...

Written Answers — Department of Finance: VAT Rate Application (20 Mar 2018)

Paschal Donohoe: The VAT treatment of motor vehicles is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. I am advised by The Revenue Commissioners that Motor vehicles which are brought into the State and are 'new' for VAT purposes are subject to VAT at the standard rate. In accordance to the Directive, Irish legislation provides that a motor vehicle is...

Written Answers — Department of Finance: VAT Yield (20 Mar 2018)

Paschal Donohoe: I am advised by The Revenue Commissioners that traders are not required to separately identify the yield generated from a particular activity or product type on their VAT returns. The information is therefore not available to provide an estimate of the VAT received from the sale of print or online newspapers.

Written Answers — Department of Finance: Employment Data (20 Mar 2018)

Paschal Donohoe: My Department's most recent macroeconomic forecasts were published with Budget 2018 in October last year, and cover the period up until 2021. The following table sets out the total employment projections from these forecasts. My Department does not produce regional macroeconomic forecasts. Overall, it is forecast that there will be employment growth of approximately 2.0 per cent on average...

Written Answers — Department of Finance: Prize Bonds (20 Mar 2018)

Paschal Donohoe: I am informed by the NTMA that Prize Bond draws are held by the Prize Bond Company in a controlled access environment in the GPO. A representative of the NTMA acts as independent observer on each occasion. The draws usually take place on a Friday. A draw is held, at a minimum, in respect of each week of a calendar year. The procedure for the selection of Prize Bonds to be awarded prizes in...