Results 21,241-21,260 of 32,924 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs Costs (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 63 and 64 together. As I informed the Deputy in the reply to PQ 50963/17 on 29 November 2017 Revenue does not have information to enable it provide an accurate forecast of the future growth of electric and hybrid vehicles. As such it is not possible to determine the cost of extending the VRT rebate to electric and hybrid vehicles until 2019 or...

Written Answers — Department of Finance: Community Banking (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 65 and 67 together. As the Deputy will be aware, my Department and the Department of Community and Rural Development, are responsible for fulfilling the Programme for a Partnership Government commitment to "thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions". Local...

Written Answers — Department of Finance: VAT Rate Application (14 Dec 2017)

Paschal Donohoe: As a consumption tax, VAT is a tax that is paid by the final consumer on the purchase of a good or service. Where a gift voucher is used by a consumer as consideration in respect of or in relation to the purchase of a good or service, VAT becomes chargeable on that purchase at the rate applicable for the particular good or service supplied, which could be 0%, 9%, 23%, or no VAT if an...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (14 Dec 2017)

Paschal Donohoe: I am advised that Revenue publishes a monthly update on the Help to Buy (HTB) scheme on the Revenue website.  The most recent update to 30 November 2017 in respect of applications, both approved and pending, and claims made can be found at: Revenue’s published statistics at 30 November 2017 show the number of applications received at 11,985 and the number of approved applications...

Written Answers — Department of Finance: Legislative Programme (14 Dec 2017)

Paschal Donohoe: As the Deputy is aware the Oireachtas, when enacting legislation, in many instances provides a discretion to the relevant Minister in respect of the appropriate time to commence an Act, or certain provisions of an Act. It was not possible to provide the details for all legislative provisions on the Statute Book. However I set out in the table details of legislative provisions passed by...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (14 Dec 2017)

Paschal Donohoe: I am advised by Revenue that while the details supplied indicate that the property in question was a new building which was not used as a dwelling prior to 19 July 2016, it is not clear if it was suitable for use as a dwelling prior to that date. If the property was suitable for use as a dwelling prior to the relevant date, it will not qualify under the Help to Buy (HTB) scheme. I...

Written Answers — Department of Finance: Legal Proceedings (14 Dec 2017)

Paschal Donohoe: The proceedings to which you refer, are currently the subject of an appeal to the Court of Appeal by the Plaintiff and are listed before the President of the Court of Appeal on 14 December 2017 to fix a date for the hearing of the appeal. As these proceedings are before the Courts at present, I cannot comment on same.

Written Answers — Department of Finance: Stamp Duty (14 Dec 2017)

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 Finance: Fiscal Data (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 73 to 80, inclusive, together. As I stated in my reply to PQ number 74 of 30/11/17, the Summer Economic Statement (SES) 2016 set out estimates of gross and net fiscal space over the forecast horizon. SES 2016 also presented an indicative split between expenditure and taxation uses of these amounts as well as the provision for contributions...

Written Answers — Department of Finance: State Claims Agency Data (14 Dec 2017)

Paschal Donohoe: As the Deputy will be aware, the NTMA is designated as the State Claims Agency (SCA) when performing the claims management and risk management functions designated to it under the National Treasury Management Agency Act 1990, as amended. In answer to the Deputy's question, I refer to material provided by the SCA and which is outlined in the tables. The material provided by the SCA covers...

Written Answers — Department of Finance: State Banking Sector (14 Dec 2017)

Paschal Donohoe: As the Deputy will be aware, the State currently owns c. 71% of the shares in AIB, 14% of the shares in Bank of Ireland, and c. 75% of the shares in Permanent TSB. Following the IPO of AIB earlier this year all three of our bank investments are now listed on the main markets of the Irish and London stock exchanges, providing improved liquidity and marketability for the State's shares. The...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 83 and 84 together. The Employment and Investment Incentive (“EII”) applies to financing raised by micro, small and medium sized enterprises (being the company seeking to raise financing and all other associated companies). Where the enterprise and the investment meet certain conditions, it can raise financing from individual investors, who can...

Written Answers — Department of Finance: Mortgage Interest Relief Application (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 85 and 86 together. In Budget 2018, in fulfilment of a Programme for Government commitment, I provided for the extension of Mortgage Interest Relief (MIR) into a further three-year phase-out period for the remaining recipients of the relief. The process of phasing out MIR for homeowners has been under way since 2009. Relief has expired for...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (14 Dec 2017)

Paschal Donohoe: The NTMA have supplied the information requested by the Deputy in the form of the following table: Directed Total Discretionary Irish Global 2015* 16.6% 1.5% 12.3% 0.1% 2016 -7.9% 2.9% 6.5% 2.2% YTD Sep 2017 14.7% 3.0% 3.4% 2.9% Annualised since inception 8.0% 2.7% 7.9% 1.9% *Inception 21 Dec 2014 to end 2015 Notes: The Discretionary Portfolio seeks to generate a return,...

Written Answers — Department of Finance: Tax Data (14 Dec 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that information in respect of the annual cost of the Research and Development (R&D) credit and the number of companies availing of the scheme is as follows: Year 2015 2014 2013 2012 €m 707.9 553.3 421.4 281.9 No. of Companies 1,535 1,570 1,576 1,543 This information is available at...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (14 Dec 2017)

Paschal Donohoe: The ISIF have informed me that the Activate Capital is a €500 million fund, which is financed through a €325 million loan note from the Ireland Strategic Investment Fund (ISIF) and a €175 million loan note provided from KKR.  It became operational in January 2016 with funding provided by Activate for 3,600 houses as at September 2017. As...

Written Answers — Department of Finance: Tax Data (14 Dec 2017)

Paschal Donohoe: The positionis that at end-November 2017, cumulative income tax receipts of €18,283 million were marginally down 1.4 per cent or €251 million against profile.This represents strong annual growth of 4.2 per cent or €738 million. Furthermore, it is also worth pointing out that there were significant one-off income tax payments in the comparable period last year,...

Written Answers — Department of Finance: Knowledge Development Box (14 Dec 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners, that the Knowledge Development Box (KDB) only applies for accounting periods commencing on or after 1 January 2016. The claimant company has a period of up to 24 months to make a claim for relief under the KDB. A small number of companies (less than 10) whose accounting periods ended on or before 31 December 2016 have...

Written Answers — Department of Finance: NAMA Portfolio (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 92 and 126 together. I wish to advise the Deputy that there has been no change to NAMA’s expectation that it will complete its work by 2020. The Agency announced in October that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State. However, notwithstanding the successful achievement of this primary and...

Written Answers — Department of Finance: EU Budget Contribution (14 Dec 2017)

Paschal Donohoe: As the Deputy will be aware, negotiations are currently on-going. Therefore, as you can appreciate, it would not be appropriate for me to discuss those negotiations in detail at this point. Ireland wants a financial settlement reached in a fair and transparent manner on the basis of an agreed, objective methodology, that enables a positive future relationship between the EU and the UK...