Results 20,441-20,460 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Vehicle Registration (12 Jun 2018)

Paschal Donohoe: I am advised by Revenue that the obligation to register a vehicle is contained in the Finance Act 1992, section 131 and the obligation to register it within thirty days of bringing it into the State is provided for in Statutory Instrument 318 of 1992, Vehicle Registration and Taxation Regulations, regulation 8(1). This general principle, that vehicles being used in Ireland must be registered...

Written Answers — Department of Finance: Consumer Protection (12 Jun 2018)

Paschal Donohoe: Both the Central Bank and the Competition and Consumer Protection Commission (CCPC) have certain functions and legal powers in relation to the provision of hire-purchase agreements. Under current legislation (Consumer Credit Act 1995), the Central Bank has an overall role in relation to the operation of hire purchase agreements and the CCPC has responsibility for authorising and...

Written Answers — Department of Finance: Banking Sector (12 Jun 2018)

Paschal Donohoe: The British Government’s divestment policy for its equity stake in Royal Bank of Scotland (RBS) has long been signalled and the recent sales are an expected part of that strategy. Therefore, I have not been in contact with my counterparts in relation to the recent sale. I met with senior personnel in RBS and Ulster Bank in May of this year. RBS has publicly stated its commitment...

Written Answers — Department of Finance: Tax Code (12 Jun 2018)

Paschal Donohoe: The National Asset Management Agency Act 2009 amended the Taxes Consolidation Act 1997 by providing for an 80% windfall tax on profits or gains arising from disposals of development land, to the extent that those gains were attributable to a relevant planning decision. Section 31 of Finance Act 2014 repealed the 80% tax rate on these profits or gains with effect from 1 January 2015. ...

Written Answers — Department of Finance: Financial Transactions Tax (12 Jun 2018)

Paschal Donohoe: In September 2011 the European Commission presented a proposal for a Financial Transaction Tax (FTT) in all Member states of the EU to be levied on all financial instrument transactions between financial institutions where at least one of the transaction parties is located within the EU. The proposed rate on exchanges of shares was 0.1% and the proposed rate for derivative transactions was...

Written Answers — Department of Finance: Banking Sector (12 Jun 2018)

Paschal Donohoe: As the Deputy will be aware, in my role as Minister for Finance I have no direct function in the relationship between the banks and their customers; and the provision of banking services to any customer is a commercial decision for the banks. However, General Principle 2.11 of the Consumer Protection Code 2012 requires that an entity, without prejudice to the pursuit of its legitimate...

Written Answers — Department of Finance: Property Tax Exemptions (12 Jun 2018)

Paschal Donohoe: Earlier this year, I announced a review of the Local Property Tax (LPT). The review included a public consultation process which provided all interested parties and individuals with an opportunity to submit their views on the future of the LPT. The focus of the review will be on property price developments and it will also examine the outstanding recommendations of the last review of the LPT...

Written Answers — Department of Finance: Departmental Budgets (12 Jun 2018)

Paschal Donohoe: My Department’s Capital Allocation provides for the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Aside from these types of expenditure my Department does not have any long or medium term Capital Projects. For 2018 the Department’s allocation is approximately €1.7 million. €1.5 million is...

Written Answers — Department of Finance: VAT Payments (12 Jun 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that the VAT collected from 2016 to 2018 for each of the months January to May is provided in the table below. The figures for 2018 are provisional and may therefore be subject to future revisions. The Deputy may be interested to note that additional detailed information relating to VAT MOSS transactions are now published on the Revenue website at...

Written Answers — Department of Finance: Revenue Commissioners Audits (12 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 241 to 245, inclusive, together. The Deputy will be aware that Revenue is independent in the operation of its function and this independence has been statutorily confirmed in Section 101 of the Ministers and Secretaries (Amendment) Act, 2011. Accordingly, neither I, nor any Minister for Finance, can or should direct or request any intervention on any...

Written Answers — Department of Finance: Revenue Commissioners Data (12 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 246 and 247 together. Regarding Question 25631/18, Revenue has advised me that the requested data is not available as the relevant tax returns for 2017 and 2018 are not yet due. Regarding Question 25632/18, the table below sets out the number of taxpayers that have declared ‘Foreign State Pension’ or ‘Foreign Other Pension’ in their...

Written Answers — Department of Finance: Brexit Issues (12 Jun 2018)

Paschal Donohoe: I am advised by Revenue that they are actively engaged in examining the range of scenarios that may apply post-Brexit. The nature of the future trading relationship, which is subject to negotiation between the EU and the UK, will determine the nature of the controls to be applied and the number of additional customs officers that will be needed. For this reason Revenue’s focus to...

Written Answers — Department of Finance: Customs and Excise Staff (12 Jun 2018)

Paschal Donohoe: The European Union and the United Kingdom share the objective of avoiding a hard border on the island of Ireland. Concrete commitments with a view to achieving this objective were agreed and set out in the Joint Report on Progress in December 2017 and have since been transposed into legal terms in the draft Protocol on Ireland and Northern Ireland, which is an integral part of the...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (12 Jun 2018)

Paschal Donohoe: I am advised by Revenue that the definition of a first-time purchaser for the purposes of the Help to Buy (HTB) scheme is “an individual who, at the time of a claim for HTBhas not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his or her own behalf a dwelling”. It is not clear what the Deputy means when...

Written Answers — Department of Finance: Property Tax Yield (12 Jun 2018)

Paschal Donohoe: For properties valued over €1 million, Local Property Tax (LPT) is assessed at 0.18% on the first €1 million and 0.25% on the portion valued above €1 million. I am informed by Revenue that such properties yielded approximately €10 million in LPT receipts in 2017. I am further advised by Revenue that the LPT yield, from increasing the current 0.25% rate on the...

Written Answers — Department of Finance: Government Bonds (12 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 252 and 253 together. Data on asset purchases from Irish financial institutions as part of the ECB Asset Purchase Programme (APP) is not available publicly. The market value of Irish government bonds held on the Central Bank of Ireland balance sheet at the end of 2017 was €21,813 million (Source: Central Bank Annual Report 2017, p.193, available: ) The...

Written Answers — Department of Finance: Fiscal Policy (12 Jun 2018)

Paschal Donohoe: It has not been necessary to consult with the European Commission in relation to the statistical treatment of the Rainy Day Fund, as no decision is required from them. The Commission is well aware of, and supportive of, our plans to establish a Rainy Day Fund. They were updated on progress on establishing the Fund in the Stability Programme Update in April and at bilateral meetings. ...

Written Answers — Department of Finance: State Claims Agency Data (12 Jun 2018)

Paschal Donohoe: I am informed by the State Claims Agency (SCA) that as of 11th June 2018, the figures below show cost recoveries and third party payments for clinical claims finalised from 2010 to 2018 year to date. Table 1 is correct as of 11/06/2018, whereby recoveries refer to money recouped by the SCA from from the “Medical Protection Society” or the “Medical Defence Unit”. ...

Written Answers — Department of Public Expenditure and Reform: Public Appointments Service (12 Jun 2018)

Paschal Donohoe: As the Deputy will be aware, The Public Appointments Service (PAS) is an independent statutory recruitment body for the Civil Service and they have advised me that they do not comment on individual cases to third parties. Each application is treated as strictly confidential. PAS has advised me that the individual concerned should contact them directly at the following email address:...

Written Answers — Department of Public Expenditure and Reform: EU Funding (12 Jun 2018)

Paschal Donohoe: I am engaged in regular and ongoing dialogue with my EU ministerial counterparts both at EU meetings and on a bilateral basis. Minister of State Patrick O’Donovan represented Ireland at both of the recent General Affairs Council (Cohesion) meetings, in November of 2017 and April 2018. On both occasions he also took the opportunity to arrange bilateral Ministerial meetings. ...