Results 20,461-20,480 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Housing Data (20 Feb 2018)

Paschal Donohoe: AIB had 690 Residential Properties held as Mortgagee In Possession at year end 2017. AIB has worked in collaboration with the Housing Agency throughout 2017 to make all suitable residential assets available for purchase directly by the Housing Agency. At year end a total of 771 properties were offered with 260 of these sold. AIB will continue with this project in 2018.

Written Answers — Department of Finance: Housing Data (20 Feb 2018)

Paschal Donohoe: In relation to Bank of Ireland, as at the end of 2017, the Group had 87 residential properties in possession, which included 20 sale agreed. The majority of the remainder were either on the market for sale or being prepared to go on the market. I understand that the Housing Agency which is under the remit of the Minister for Housing, Planning & Local Government is currently...

Written Answers — Department of Finance: Housing Data (20 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that from its perspective, specifically in relation to the number of residential properties owned by the subject bank (Ulster Bank), under Section 33AK of the Central Bank Act 1942 the Central Bank is not in a position to provide any specific information in this regard. However, on the 14th December 2017 the Central Bank issued the latest...

Written Answers — Department of Finance: Housing Data (20 Feb 2018)

Paschal Donohoe: PTSB has around 1,800 properties in possession of which around 800 are tenanted, buy to let properties returned through the voluntary surrender scheme with rental tenants in situ. It is the Bank’s intention, where possible, to sell tenanted properties with tenants in situ. The bank has met with representatives from the Housing Agency and are in the process of identifying suitable...

Written Answers — Department of Finance: Housing Data (20 Feb 2018)

Paschal Donohoe: As the Deputy is aware one of the priorities set out in the Government’s housing strategy ‘Rebuilding Ireland’ is to ensure that the existing housing stock is used to the maximum degree possible, with a focus on measures to use vacant stock and to renew urban and rural areas. The plan proposes to bring vacant and under-utilised housing stock back into use for both...

Written Answers — Department of Finance: VAT Rebates (20 Feb 2018)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT directive the supply of a security system is liable to VAT at the standard rate, currently 23%. However, if the supply includes the installation of the system then the reduced rate of 13.5% may apply, subject to the two thirds rule, which requires that to...

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

Paschal Donohoe: The value of Eurosystem holdings under the Public Sector Purchase Programme stood at €1,919,149 million* as at 9 February 2018 *at amortised cost. Source ECB website: . The value of Irish Government bonds held by the Eurosystem, not the ECB, as part of the PSPP is €25,687 million* as at 31 January 2018. *Book value. Source ECB website– . I wish to clarify for the...

Written Answers — Department of Finance: Banking Operations (20 Feb 2018)

Paschal Donohoe: The sale of residential properties in bank ownership is a matter for individual commercial banks. I understand that the Housing Agency which is under the remit of the Minister for Housing, Planning and Local Government is currently assessing the suitability of a number of empty properties which are being offered to the State for purchase as social houses by banks and...

Written Answers — Department of Finance: Central Bank of Ireland Staff (20 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank that its ‘code of ethics’ defines the standards of ethical conduct the Central Bank upholds for its staff and that the Bank at all times, aims to safeguard its impartiality by actively avoiding conflicts of interest. Under the Code of Ethics, members of staff who are intending to leave the Central Bank to take up alternative...

Written Answers — Department of Finance: Corporate Governance (20 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that it imposes corporate governance requirements for financial institutions at a domestic level and there are also European level requirements. The European requirements may supersede the Irish requirements in certain circumstances, such as for significant institutions as outlined in 1.1 below. The Central Bank of Ireland operates a...

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

Paschal Donohoe: In 2017, the Central Bank undertook a review of the investment framework for credit unions. In May 2017, consultation paper 109, CP109, was published which consulted on a number of potential changes to the investment framework. CP109 outlined the Central Bank’s view that any changes to the investment framework for credit unions should reflect the fact that it is the savings of credit...

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

Paschal Donohoe: In 2017, the Central Bank undertook a review of the investment framework for credit unions, which indicated that there existed a significant level of concentration in credit union investment portfolios in relation to both investment product and counterparty. In May 2017, consultation paper 109, CP109, was published which consulted on a number of potential changes to the...

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

Paschal Donohoe: Section 43 of the Credit Union Act, 1997 outlines the legislative requirements in relation to credit union investments. It states that a credit union shall manage its investments to ensure that those investments do not, taking account of the nature, scale, complexity and risk profile of the credit union, involve undue risk to members' savings and for that purpose, before making an investment...

Written Answers — Department of Finance: Land Transfers (20 Feb 2018)

Paschal Donohoe: I am advised by Revenue that based on the information supplied the transfer of the farm may be eligible for a stamp duty relief known as ‘consanguinity’ relief. This relief applies a reduced rate of stamp duty of 1% to transfers of farmland between certain blood relatives provided certain conditions are met. Since the enactment of the Finance Act 2017 on 25 December 2017,...

Written Answers — Department of Finance: State Pension (Contributory) (20 Feb 2018)

Paschal Donohoe: I am advised by Revenue that the individual concerned is in receipt of the State Pension (Contributory).  His wife has no separate source of income and is wholly maintained by him.  She is, therefore, a “qualified adult” within the meaning of the Social Welfare Consolidation Act 2005. The individual is therefore entitled to an increase in respect of the qualified...

Written Answers — Department of Finance: Tracker Mortgage Examination Data (20 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 to...

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

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. The VAT Consolidation Act 2010, as amended, provides for the application of the standard rate of VAT, currently 23%, to the supply of a house boat, caravan or mobile home. I am advised by the Revenue Commissioners that the Value-Added Tax (Refund of Tax )(No 262) Order, 1980 provides for a...

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

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT on the purchase of an adapted vehicle, payment of a fuel grant, and an exemption from motor tax for persons with specific severe and permanent physical disabilities, as well as qualifying charitable organisations.  To qualify for the scheme an applicant must be in possession...

Written Answers — Department of Finance: Employment Rights (20 Feb 2018)

Paschal Donohoe: I am aware that the Joint Committee on Culture, Heritage and the Gaeltacht, which is chaired by the Deputy, has recently considered working conditions in the Irish film industry.  It is clear from discussions at the committee that the issue of working conditions in the industry is quite a complex one and that self employment may suit some individuals’ working arrangements. The...

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

Paschal Donohoe: I am informed by Revenue that the Vehicle Registration Tax (VRT) in respect of used vehicles imported from outside the EU in 2015, 2016 and 2017 is shown in the table. A breakdown for new vehicles is not available. Customs receipts in respect of all motor vehicles are also shown in the table below. A breakdown of Customs receipts by vehicle category is not available. Used Imports ...