Results 20,821-20,840 of 33,392 for speaker:Paschal Donohoe

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*...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (27 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that most loan agreements include a clause that allows the original lender to sell the loan on to another firm. The Central Bank has no jurisdiction over unregulated third parties and, consequently, has no power to either impose requirements on or investigate the activities of such unregulated loan owners.   Regulated credit servicing...

Written Answers — Department of Finance: VAT Rate Application (27 Feb 2018)

Paschal Donohoe: The Programme for Partnership Government recognises the difficulties faced by community groups in relation to VAT rates on certain products such as defibrillators. This is an EU competency and the Government has committed to work with our EU counterparts in seeking to reform this area. Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in...

Written Answers — Department of Finance: VAT Rate Application (27 Feb 2018)

Paschal Donohoe: In line with my Budget 2018 announcement, a VAT compensation scheme for charities will be introduced in 2019 in respect of VAT expenses incurred in 2018. Charities will be entitled to a refund of a proportion of their VAT costs based on the level of non-public funding they receive, up to a total capped fund of €5m. Work on the introduction of this scheme has been commenced by...

Written Answers — Department of Finance: Financial Institutions Levy (27 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that due to its obligations to maintain confidentiality, it is not possible to set out the levy rates payable by individual firms in any sector.  The levy rates payable by firms in the credit servicing sector during the relevant period are set out in the table below provided by the Central Bank.  Year Levy (€) 2015 8,454...

Written Answers — Department of Finance: Financial Institutions Levy (27 Feb 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that due to its obligations to maintain confidentiality, it is not possible to set out the levy rates payable by individual firms in any sector. However, the basis on which levies payable by credit institutions (in this case referring only to banks, not credit unions) have been calculated in each of the years specified is set out below. 2017 - New...

Written Answers — Department of Finance: Vehicle Registration (27 Feb 2018)

Paschal Donohoe: I am advised by Revenue that vehicles, in respect of which certain offences relating to Vehicle Registration Tax (VRT) are committed, are liable to forfeiture and may be seized. The offences in question include evasion of VRT, failure to pay VRT, and being in possession of an unregistered vehicle unless the person concerned is an authorised person or the vehicle has an exemption. ...

Written Answers — Department of Finance: Vehicle Registration (27 Feb 2018)

Paschal Donohoe: I am advised by Revenue that vehicles classed as ‘EU category N1’ are taxed as commercial vehicles. Revenue has also confirmed to me that tests undertaken by the National Standards Authority of Ireland (NSAI), which is the relevant competent authority, have determined that vehicles similar to the type presented by the person in question do not meet the necessary criteria to be...

Written Answers — Department of Finance: Financial Services Regulation (27 Feb 2018)

Paschal Donohoe: I wish to advise the Deputy that a suite of European legislation underpins the regulation and supervision of licensed credit institutions (licensed under section 9 of the Central Bank Act 1971). In relation to credit servicing firms, debt management firms and retail credit firms these are all domestic regulatory regimes (without an EU law underpinning). In all of the above instances the...

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

Paschal Donohoe: As the deputy is aware neither AIB or PTSB have as yet reported their results for the full year 2017. However as at the 30th June 2017 the non performing loan ratio for each of the banks, based on the EBA definition of non-performing exposures, was AIB 18.9% and PTSB 28%. Based on the narrower definition of impaired loans, AIB also reported a ratio of 12.2%.

Written Answers — Department of Finance: Fuel Sales (27 Feb 2018)

Paschal Donohoe: I propose to take Questions Nos. 189 and 190 together. Carbon tax is a charge on fossil fuels based on the amount of carbon dioxide emitted from the fuel on combustion.  When first introduced in Budget 2010 the tax applied to certain oil and gas fuels used for motor or heating purposes and was charged at a rate of €15 per tonne of carbon dioxide emitted from the fuel concerned....

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

Paschal Donohoe: In response to the Deputy's question, the number of times that I, Ministers of State of the Department, or representatives from my Department have met with IBEC are 8 in 2016 and 9 in 2017.

Written Answers — Department of Finance: Stamp Duty (27 Feb 2018)

Paschal Donohoe: I am advised by Revenue that the rate of Stamp Duty applicable to the case in question is 6%. The transitional arrangements from the previous 2% rate to the 6% rate as set out in the 2017 Finance Bill only apply in situations where there was a binding contact in place prior to 10 October 2017. While the property in question was subject to an offer to purchase, there was no binding contact...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (27 Feb 2018)

Paschal Donohoe: On 1 January 2018, public service pensions impacted by the Public Service Pension Reduction (PSPR) qualified for an effective increase by way of a lessening or amelioration of PSPR, as required under the Financial Emergency Measures in the Public Interest Act 2015. I understand that such increases have, in general, been implemented through pension payrolls across...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (27 Feb 2018)

Paschal Donohoe: The Deputy will be aware that my responsibility extends to the Civil Service Pension Scheme only. I can confirm that the individual in question was employed for two periods in the civil service: from 1959 to 1966, when she stopped working at the time of her marriage, and then from 1992, on her reinstatement to the civil service, until her retirement in 2007. Some...