Results 21,041-21,060 of 32,864 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am sorry but I missed the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I do not have the answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I will.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I have been informed that credit servicing companies provide credit to loan owners and they are regulated.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: Is the Chairman referring to the Finance Bill?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I would be happy to come back here to discuss the consumer protection Bill at another point. The Chairman is asking a set of detailed questions I am not in a position to answer. If the Chairman wishes to furnish me with a set of questions relating to that Bill or the code, I will write to the committee with the answers and come in again. I was very happy to come in and deal with all the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am glad to hear that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I would appreciate it if I could have the opportunity to come back in again and speak about public servants and reform. My Department has done more work in this area than we sometimes have the opportunity to inform the Oireachtas about. Perhaps the committee could give me the opportunity to come back in again soon, assuming there is time available. I would like to do so.

Written Answers — Department of Finance: Vehicle Registration (16 Jan 2018)

Paschal Donohoe: The registration of all vehicles, including hearses, is provided for in the Finance Act 1992, Part II, Chapter IV.  In this legislation, hearses are “listed vehicles” which means that the flat VRT charge of €200 applies when they are being registered (this amount was €50 up until the end of April 2011). If the hearse is a new means of transport for VAT...

Written Answers — Department of Finance: Property Tax (16 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 174 and 177 together. The Department of Finance engaged Doctor Don Thornhill in 2015 to conduct a review to consider and make recommendations on the operation of the Local Property Tax, in particular any impacts on LPT liabilities due to property price developments. Doctor Thornhill made a number of recommendations in his report on his review of...

Written Answers — Department of Finance: Electric Vehicles (16 Jan 2018)

Paschal Donohoe: I understand that the Deputy wishes to ascertain the estimated tax foregone as a result of the implementation of a 0% benefit in kind rate on electric vehicles.   Given the relatively small numbers of electric vehicles currently registered in Ireland, and the fact that many of these are privately owned, the cost of the measure proposed is likely to be low at...

Written Answers — Department of Finance: Pension Provisions (16 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 176 and 178 together. I am advised by the Department of Employment Affairs and Social Protection that individual pensioners can apply for two State Pensions. The State Pension (Contributory) is based on social insurance contributions paid or credited over the course of a person’s working life. The State Pension (Non-Contributory) is a means tested...

Written Answers — Department of Finance: Vehicle Registration (16 Jan 2018)

Paschal Donohoe: I am informed by Revenue that the vehicle in question was presented for registration at the Sligo NCT centre on 19 October.  As part of the registration process, the documentation presented was examined to establish the vehicle particulars.   In addition to providing information on the vehicle, this documentation must also provide proof of the date of entry into the...

Written Answers — Department of Finance: NAMA Portfolio (16 Jan 2018)

Paschal Donohoe: I wish to point out to the Deputy that the property assets securing NAMA’s loan portfolio remain under the ownership and control of debtors and receivers. Set out in the following is information, in the format held by NAMA, relating to property collateral in Co. Galway that secured NAMA’s loan portfolio for each of the years from 2012 to 2017 (as at mid-June). Changes from year...

Written Answers — Department of Finance: NAMA Portfolio (16 Jan 2018)

Paschal Donohoe: I refer the Deputy to the following tables, which show a breakdown of the property collateral securing NAMA’s portfolio, by county and sector, for each of the years from 2012 to 2017. The Deputy will be aware that the acquisition of loans by NAMA was undertaken in 2010 and 2011 and, because it took some time to collate data on the underlying property collateral, the breakdown...

Written Answers — Department of Finance: NAMA Portfolio (16 Jan 2018)

Paschal Donohoe: The Deputy will be aware that NAMA does not own property. Instead NAMA acquired loans and its role is as a secured lender. The property itself continues to be owned and managed by the property owner, or receiver where one has been appointed. Sections 99 and 202 of the NAMA Act 2009 preclude NAMA from disclosing information relating to NAMA debtors, their finances and their property. As...

Written Answers — Department of Finance: NAMA Social Housing Provision (16 Jan 2018)

Paschal Donohoe: The Deputy will be aware that as part of its engagement with the Department, Planning and Local Government, and the Housing Agency, NAMA has played a significant role in facilitating the supply of social housing from its portfolio. As part of this engagement, NAMA continuously reviews the assets of all NAMA debtors to establish if vacant residential properties securing their loans could be...

Written Answers — Department of Finance: Property Tax Assessments (16 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the person in question owes arrears of Local Property Tax (LPT) in respect of 2016, 2017 and 2018 amounting to €675. Revenue has also confirmed that the outstanding amount is based on a Band 2 valuation (€100,001-€150,000). The person originally valued their property in Band 3 (€150,001-€200,000) in 2013 but this was...

Written Answers — Department of Finance: Tax Clearance Certificates (16 Jan 2018)

Paschal Donohoe: Revenue has advised me that the administrative process for tax clearance was changed from a paper based system to a real-time online facility (electronic Tax Clearance or ‘eTC’) with effect from 1 January 2016. The legislative basis to change the process to an online environment is provided for by Section 95 of the 2014 Finance Act. The introduction of ‘eTC’...

Written Answers — Department of Finance: Departmental Investigations (16 Jan 2018)

Paschal Donohoe: In order to assess the vulnerability of the Irish economy to changes in exogenous variables, my Department regularly simulates the impact of a number of scenarios using the ESRI COSMO macroeconomic model. These results are published in the Risk and Sensitivity Analysis chapter of the Budget and Stability Programme Update documentation. In Budget 2018, my Department...