Results 20,141-20,160 of 32,726 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Debt (27 Feb 2018)

Paschal Donohoe: The Central Bank has advised that as part of the Tracker Mortgage Examination framework, where customer detriment has been identified, the Bank has clearly articulated its expectations of lenders to provide appropriate redress and compensation to impacted customers in line with its prescribed "Principles for Redress".   An important part of the Examination Framework is the...

Written Answers — Department of Finance: Mortgage Debt (27 Feb 2018)

Paschal Donohoe: The Central Bank has advised that its Tracker Examination is focused on ensuring that lenders provide fair outcomes for all customers impacted by tracker related failings both from a contractual and transparency perspective.   As part of the Examination framework, where customer detriment has been identified, the Central Bank has clearly articulated its expectations of lenders...

Written Answers — Department of Finance: Tax Code (27 Feb 2018)

Paschal Donohoe: The supply of dog grooming services is liable to VAT at the standard rate, currently 23%. The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply and under the VAT Directive there is no provision to allow the reduced rate to be applied to the supply of dog grooming services. An exception to this rating is grooming that is...

Written Answers — Department of Finance: Tax Data (27 Feb 2018)

Paschal Donohoe: I am informed by the Tax Appeals Commission (TAC) that the following table outlines the number of appeals heard by the TAC in 2016 and 2017 in the bands requested by the Deputy. Tax Appeals Commission Appeals Heard that were determined/adjudicated 2016 2017 Adjudicated inside 28 days 26 16 Adjudicated 29 – 60 days later 4 5 Adjudicated 61 – 90 days later - 1 ...

Written Answers — Department of Finance: Fiscal Policy (27 Feb 2018)

Paschal Donohoe: Updated calculations of fiscal space will be published in the Summer Economic Statement 2018 that will be prepared following the publication by the European Commission of the required inputs to the calculation in conjunction with its Spring Economic Forecast. These forecasts will take account of all policy changes announced since Budget 2018, including the impact of the National Development...

Written Answers — Department of Finance: Insurance Industry (27 Feb 2018)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. My officials have been advised by the Liquidator that a portion of any refunds due to policyholders may be met from the proceeds of the distribution of Setanta's...

Written Answers — Department of Finance: Tax Code (27 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 162 to 164, inclusive, together. It is my intention to introduce the Sugar Sweetened Drinks Tax on 6 April 2018 which coincides with the introduction of a similar tax being introduced in the UK on that date. The estimated yield for 2018 is in the region of €30m with the yield for 2019 and subsequent years €40m per annum. The yield could...

Written Answers — Department of Finance: Bank Charges (27 Feb 2018)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities and I have no statutory role in relation to the charges applied by credit instructions. Section 149 of the Consumer Credit Act 1995 came into effect in May 1996 and requires that credit institutions and bureaux de change notify the Central Bank if they wish to: - Introduce any new customer ‘charge’ for...

Written Answers — Department of Finance: Tax Rebates (27 Feb 2018)

Paschal Donohoe: I am advised by Revenue that the person in question has received reviews for the tax years 2014, 2015, 2016 and 2017. The reviews confirmed that there was no tax refundable in respect of 2014, 2015 and 2016. The review in respect of 2017 confirmed that a refund of tax is due, which will issue to the person in the coming days.

Written Answers — Department of Finance: Departmental Budgets (27 Feb 2018)

Paschal Donohoe: The recently launched National Development Plan 2018-2024 contains the relevant information for the Deputy in pages 98 and 104, which outlines the allocation for the years in question under the Department of Finance Vote Group.

Written Answers — Department of Finance: Tax Code (27 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 168 and 169 together. As the Deputy is aware, the Programme for Partnership Government 2016, indicates that the income tax system will not be indexed. As part of the preparations for Budget 2018, it was estimated that the Exchequer yield from non-indexation of the income tax system would be in the region of €0.6 billion on a full year basis. It is...

Written Answers — Department of Finance: Tax Code (27 Feb 2018)

Paschal Donohoe: The use of intermediary-type structures is becoming more prevalent as a means of providing labour. At its simplest, an individual who might otherwise be engaged as an employee by the end-user of his or her services provides the services to the end-user through an intermediary. Typically the intermediary used in such circumstances is a company. The company can take the form of a personal...

Written Answers — Department of Finance: Motor Insurance Costs (27 Feb 2018)

Paschal Donohoe: As Minister for Finance, 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. This position is...

Written Answers — Department of Finance: Tax Exemptions (27 Feb 2018)

Paschal Donohoe: I am advised by Revenue that exemption from Vehicle Registration Tax (VRT) has been granted to the person in question. The exemption was granted on foot of further supporting documentation, which was provided to Revenue on 22 February 2018.

Written Answers — Department of Finance: Loan Books Purchasers (27 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 173, 174 and 193 together. As the Deputy will be aware, the transfer of a loan from one entity to another does not change the terms of the contract or the borrower's rights and obligations under the original contract. This is so regardless of the regulatory status of the entities. The Central Bank of Ireland’s SME Lending Regulations (the Regulations)...

Written Answers — Department of Finance: Mortgage Data (27 Feb 2018)

Paschal Donohoe: I have been informed by the Central Bank of Ireland that their Mortgage Arrears and Repossessions Statistics collect the number of new restructured accounts per quarter, (including new restructures and further modifications of existing restructures), as well as the stock of restructured account. The Central Bank have stated that it is not possible to split restructures out between those...

Written Answers — Department of Finance: Mortgage Data (27 Feb 2018)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that their Mortgage Arrears and Repossessions Statistics collect the number of new restructured accounts per quarter, (including new restructures and further modifications of existing restructures), as well as the stock of restructured account. However, the Central Bank have stated that it is not possible to split restructures out...

Written Answers — Department of Finance: European Financial Forum (27 Feb 2018)

Paschal Donohoe: The third annual European Financial Forum (EFF) was held on 31 January 2018 in Dublin Castle under the heading of "Building a New Future for International Financial Services". The event, which was hosted by my colleague Minister of State for Financial Services and Insurance Michael D’Arcy TD, is now in its third year and is a key deliverable as part of the Government’s...

Written Answers — Department of Finance: Motor Insurance Claims (27 Feb 2018)

Paschal Donohoe: Setanta was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that under the Insurance Act 1964, as amended, monies may be paid out of the Insurance Compensation Fund (ICF), with the approval of the High Court, in relation...

Written Answers — Department of Finance: World Economic Forum (27 Feb 2018)

Paschal Donohoe: Details of costs incurred to date by my Department for attendance at the World Economic Forum in Davos are set out in the table below. It is not possible to provide a final figure at this stage as a number of outstanding costs have yet to be charged to my Department. Delegate Accommodation Flights Sundry and Subsistence Minister Paschal Donohoe, TD €1,032.39 Government Jet*...