Results 20,181-20,200 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Knowledge Development Box (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 60 and 70 together. There are a number of features in the Knowledge Development Box (“KDB”) which are specifically included to encourage claims by SMEs. For example, larger companies are required to apply transfer pricing standards to the documentation which is required to support a claim for relief under the KDB. While SMEs will need to have...

Written Answers — Department of Finance: Banking Sector Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 61 to 64, inclusive, together. For reasons of confidentiality, the Central Bank of Ireland does not disclose information on individual banks. However, the Central Bank is in a position to disclose aggregate level information, and has provided the information in the following table. This outlines the 2017 year-end position for Loan to Value (LTV) and Loan to...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 65 and 66 together. The Help-to-Buy scheme allows for multiple applicants to apply for relief on the same property, assuming that each applicant meet the conditions of the scheme. It is not a requirement that where there is more than one applicant that the applicants be married or in a civil partnership. I am advised by Revenue that data on the marital...

Written Answers — Department of Finance: Tax Reliefs Data (3 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 67 to 69, inclusive, together. I understand that the Deputy is referring to Parliamentary Question Nos. 128 and 129 of 19 April 2018. I am informed by Revenue that there is a dedicated team which looks after applications for relief under the Employment and Investment Incentive (EII) and the Start-Up Relief for Entrepreneurs (SURE). There is currently 4 full...

Written Answers — Department of Finance: Tax Credits (3 May 2018)

Paschal Donohoe: I am advised by Revenue that the numbers of companies availing of the research and development tax credit in the years 2010 to 2016, the latest year available, is shown in the table below. The number of companies shown for each year includes companies offsetting the credit against their profits for the year and also companies with refundable tax credits in the year. Please note that...

Written Answers — Department of Finance: Tax Exemptions (3 May 2018)

Paschal Donohoe: Sugar Sweetened Drinks Tax (SSDT) is provided for by Chapter 2 of Part 1 of the Finance Act 2017. The tax commenced on 1 May 2018 and applies to first supplies in the State of sugar sweetened drinks. Sugar sweetened drinks are water and juice based drinks, in ready to consume or concentrated form, that contain added sugar and have a total sugar content of 5 grams or more per 100 millilitres...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Training (3 May 2018)

Paschal Donohoe: My Department has had no expenditure in relation to attendance by departmental staff at social media training conferences or other external events.

Questions on Promised Legislation (2 May 2018)

Paschal Donohoe: Of course I agree entirely with the Deputy that we should do all we can to avert any form of industrial action. We have a difficulty with this matter for the same reasons that applied to Deputy Butler's party in government when this ruling was made. It was outlined in the Dáil last week that it would cost €180 million to deal with everybody who could be affected by what is...

Questions on Promised Legislation (2 May 2018)

Paschal Donohoe: There is so much construction related travel taking place at the moment because of the very large increase in the number of primary care centres, public transport schemes and homes that are being built. That is creating challenges within the construction sector as it tries to supply the necessary workers. The Government has recently set up a construction sector working group and that is the...

Questions on Promised Legislation (2 May 2018)

Paschal Donohoe: That is a decision that has been made by the board of AIB. It is its sole legal right to initiate that. I will be consulted at a later point on the transaction at which time I will have an opportunity to make my views known on the matter.

Written Answers — Department of Finance: Summer Economic Statement (2 May 2018)

Paschal Donohoe: The Summer Economic Statement (SES) is a key element of the reformed budgetary process which complements the Stability Programme Update (SPU). The macroeconomic outlook that was published in April, as part of SPU 2018, will underpin the SES. The SES will provide an updated assessment of the broad parameters for fiscal policies in 2019 and will outline what I believe will be the appropriate...

Written Answers — Department of Finance: Vehicle Registration (2 May 2018)

Paschal Donohoe: I believe the Deputy is referring to the CJEU judgment on Case C-552/15, Commission v Ireland (VRT on Cross-Border Leased Vehicles). Officials from my Department and Revenue are currently developing a proposal to implement the ruling of the Court, which is only concerned with the method of applying VRT charging in respect of leased or hired vehicles, imported from a Member State of the EU,...

Written Answers — Department of Finance: Banking Sector Data (2 May 2018)

Paschal Donohoe: I have consulted with the Central Bank and the Banking and Payments Federation Ireland, the information requested by the Deputy regarding the number and proportion of adults that hold a bank account is not available in the format requested. Bank account could include both current accounts and deposit accounts as well as other payment accounts. It should also be noted that a person may hold...

Written Answers — Department of Finance: Insurance Industry (2 May 2018)

Paschal Donohoe: Both I and the Government are very conscious of the difficulties that increased insurance costs are having on the business sector. Consequently, following the publication of its Report on the Cost of Motor Insurance in January 2017, the Cost of Insurance Working Group undertook an examination of the Employer Liability and Public Liability insurance sectors in its second phase of work. While...

Written Answers — Department of Finance: Bank Branch Closures (2 May 2018)

Paschal Donohoe: The Deputy will be aware that, as Minister for Finance, I have no direct function in the day-to-day commercial decisions made by Bank of Ireland. Decisions taken by Bank of Ireland in this regard, and the manner in which it conducts its day-to-day operations, are matters for the board and management of the bank. Although the State has a minority shareholding in Bank of Ireland, I must ensure...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (2 May 2018)

Paschal Donohoe: From a prudential perspective, historically the Central Bank of Ireland has had overall responsibility for the authorisation and supervision of credit institutions operating in Ireland. From 4 November 2014 this changed with a number of supervisory responsibilities and decision making powers moving to the European Central Bank (ECB) through the establishment of the Single Supervisory...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (2 May 2018)

Paschal Donohoe: Irish Airlines Pensions has advised this Department that as a result of the deficit that exists on the Irish Airlines Superannuation Scheme (IASS) pension fund, it is not in a position to fully fund transfers effected through the Public Sector Transfer Network (PSTN). The rules of the PSTN require a full transfer of pension entitlements. In the case of funded pension schemes, this means...

Written Answers — Department of Finance: Revenue Commissioners Staff (1 May 2018)

Paschal Donohoe: I am advised by Revenue that it is available to attend meetings of Joint Policing Committees (JPC) to address concerns regarding the importation of narcotics and has already attended a meeting of the Mayo JPC following an invitation from Mayo County Council. Revenue has not been invited to, or notified of, any other such meetings in the North West area. Revenue has confirmed that it will...

Written Answers — Department of Finance: Banking Sector Remuneration (1 May 2018)

Paschal Donohoe: It is assumed that the reference to “certain benefit in kind issues” is a reference to preferential loans to bank employees, including where the employee has left the bank’s employment. Section 122(3) of the Taxes Consolidation Act (TCA) 1997 provides that where a loan is made by an employer to an employee and the loan, or any interest due on that loan, is written...

Written Answers — Department of Finance: Mortgage Applications Approvals (1 May 2018)

Paschal Donohoe: The Deputy may be aware that, as Minister for Finance, I have no direct function in the relationship between banks and their customers. Decisions taken by banks in this regard, and the manner in which they conduct their day-to-day operations, are matters for the board and management of the respective banks. Notwithstanding the fact that the State has shareholdings in some of the banks, I...