Results 20,841-20,860 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Motor Tax (23 Jan 2018)

Paschal Donohoe: The Water Services Act 2017 facilitated the introduction of a budgetary reform measure to, inter alia, reduce the complexity of cash flows between the Exchequer and the Local Government Fund by amending the Local Government Act 1998. As a result, from 1 January 2018, Local Property Tax is now paid directly into the Local Government Fund, rather than being directed in the first...

Written Answers — Department of Finance: Tracker Mortgage Examination (23 Jan 2018)

Paschal Donohoe: Regarding the first part of the Deputy's question, at my recent attendance before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach I indicated that I intend to meet the chief executive officers of the main banks on a regular basis and that I will be aiming to have my next meeting with them in the coming months.  However, no date has yet...

Written Answers — Department of Finance: Motor Insurance Costs (23 Jan 2018)

Paschal Donohoe: The Deputy should note at the outset that in my role as Minister for Finance I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank 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 the risks they are willing to...

Written Answers — Department of Finance: Credit Card Interest Rates (23 Jan 2018)

Paschal Donohoe: The information requested by the Deputy is not captured by the Central Bank as part of  the Credit and Debit Card Statistics they publish on a quarterly basis. These statistics provide data in relation to credit and debit card transactions, including a sectoral breakdown of expenditure, E-commerce, spending outside Ireland, and data pertaining to the role of debit cards. A breakdown of...

Written Answers — Department of Finance: Tax Code (23 Jan 2018)

Paschal Donohoe: I have no plans to introduce incentives along the lines suggested by the Deputy. The Deputy will appreciate that tax reliefs and exemptions have costs which have to be paid for and their introduction must be considered only where there is a clear economic and social policy need to be addressed.  It should be noted in relation to local property tax (LPT), that where a person...

Written Answers — Department of Finance: Corporation Tax (23 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 168 to 170, inclusive, together. The effective rate of Corporation Tax on companies involved in oil and gas exploration cannot be provided due to the low number of companies involved in the sector and Revenue‘s obligation to observe confidentiality for taxpayers and small groups of taxpayers. However, most such companies are likely to be recorded in the...

Written Answers — Department of Finance: Mortgage Lending (23 Jan 2018)

Paschal Donohoe: The European Union (Consumer Mortgage Credit Agreements) Regulations and the Central Bank's Consumer Protection Code requires lenders to carry out an assessment of a mortgage borrower's credit-worthiness, and the Regulations also provide that lender shall only make mortgage credit available where the result of the assessment indicates that the borrower's obligations are...

Written Answers — Department of Finance: Tax Reliefs Eligibility (23 Jan 2018)

Paschal Donohoe: Rented residential relief and owner occupier relief were introduced by section 23 of the Finance Act 1981 in respect of residential properties in certain designated areas (S. 23 amended Chapter 11 of Part 10 of the Taxes Consolidation Act, 1997). The reliefs were granted for a period of 10 years from the year of occupancy of a property. They were discontinued during the...

Written Answers — Department of Finance: Personal Public Service Numbers (23 Jan 2018)

Paschal Donohoe: The National Treasury Management Agency (" the NTMA") has informed me that it is a 'specified body' for the purposes of sections 262 to 270 and schedule 5 of the Social Welfare Consolidation Act 2005, as amended. This provides the power to the NTMA, acting on behalf of the Minister for Finance, to request holders of State Savings products to provide their PPS Number for the purposes...

Written Answers — Department of Finance: Departmental Contracts Data (23 Jan 2018)

Paschal Donohoe: I can inform the Deputy that my Department does not have any contracts with a company named Carillion.  Of the seventeen Bodies under the aegis of my Department, the National Treasury Management Agency (NTMA) has provided the following information: Contract Status of contracts Contingency plans Schools PPP Programme – Bundle 5 Project Agreement dated 21 July 2016 and...

Written Answers — Department of Finance: Tax Code (23 Jan 2018)

Paschal Donohoe: Loss relief for corporation tax is a long standing feature of the Irish Corporate Tax system and is a standard feature of all other OECD corporate tax systems.  It allows for losses incurred in the course of business to be accounted for when calculating a business’ tax liabilities. Section 396C of the TCA 1997 previously restricted losses for NAMA participating institutions...

Written Answers — Department of Finance: Tax Reliefs Application (23 Jan 2018)

Paschal Donohoe: I am advised by Revenue that an online application was submitted by the person concerned on 15thJanuary 2018. Revenue has been in direct contact with the person concerned regarding difficulties with the application and is assisting him with the making of a new application.

Written Answers — Department of Finance: Banking Sector Investigations (23 Jan 2018)

Paschal Donohoe: The Programme for a Partnership Government contains a commitment to "thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions". My Department, along with the Department of Rural and Community Development, are the Departments tasked with the responsibility for fulfilling this commitment. Local public banking is...

Written Answers — Department of Finance: Departmental Bodies Data (23 Jan 2018)

Paschal Donohoe: Since 2011, one body under the aegis of my Department has been disbanded. Sealuchais Árachais Teoranta (SAT), a statutory company under the Insurance (Miscellaneous Provisions) Act, 1985 acted as a non-trading holding company for Icarom plc (formerly the Insurance Corporation of Ireland) which was under administration. The two Directors of the company were officials of my Department....

Written Answers — Department of Finance: Personal Injury Claims (23 Jan 2018)

Paschal Donohoe: Of the seventeen bodies under the aegis of my Department, I am informed that fourteen have had no claims and have made no payments in respect of personal injury claims in the period requested. It was not possible for two bodies to respond to this information request in the time available and therefore I will make arrangements to provide a response in line with Standing Orders....

Written Answers — Department of Finance: Pension Levy (23 Jan 2018)

Paschal Donohoe: I take it the Deputy is referring to the stamp duty levies applying to the assets of funded pension arrangements introduced in 2011 to pay for the Jobs Initiative, the chargeable persons for which are the trustees of pension schemes and others responsible for the management of pension fund assets. The stamp duty levy on pension schemes was introduced in the wake of the financial crash...

Written Answers — Department of Public Expenditure and Reform: Exchequer Returns (23 Jan 2018)

Paschal Donohoe: The effective management of the delivery of public services within budgetary allocations is a central responsibility of each Minister and their Departments on an ongoing basis. In relation to the Department of Agriculture, Food and the Marine, the underspends for 2015 and 2016 are set out in the Appropriation Accounts, audited by the Comptroller & Auditor General (C&AG),...

Written Answers — Department of Public Expenditure and Reform: Garda Compensation (23 Jan 2018)

Paschal Donohoe: This case relates to an application under the Garda Compensation 1941 Acts – “Compensation Section” - Michael Kilroy vthe Minister for Finance. The role of the Department of Justice and Equality in such cases is to decide if applications of Gardaí (who sustained malicious injuries in the course of their duties) are eligible to be awarded. There are also...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions Data (23 Jan 2018)

Paschal Donohoe: The Public Service Stability Agreement (PSSA) 2018-2020, which was ratified by Government and by public service trade unions and representative associations, sets out the policy on public service pension increases adopted by Government for the duration of that agreement (to end-2020). Specifically, section 6.2 of this agreement indicates that pension increases in the public service...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (23 Jan 2018)

Paschal Donohoe: My Department or any of the bodies under its aegis do not have any contracts with the company named in the Deputy’s question.