Results 21,281-21,300 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners Expenditure (13 Dec 2017)

Paschal Donohoe: I am advised by Revenue that recruitment of analytical staff, such as economists, statisticians or other data analysts, in Revenue is generally addressed through specialist recruitment. As well as direct recruitment or internal promotion of staff with relevant background or experience in these areas, Revenue also benefits from economist recruitment panels established by the Irish Government...

Written Answers — Department of Finance: Stamp Duty (13 Dec 2017)

Paschal Donohoe: The rate of stamp duty on commercial land was increased to 6% on Budget Day, this rate applies in relation to all relevant conveyances executed after midnight on 10 October 2017. I subsequently introduced transitional measures in the Finance Bill that will allow for the previous rate of 2% to continue to apply where the parties to a contract entered into a binding contract before 11 October...

Written Answers — Department of Finance: Real Estate Investment Trusts (13 Dec 2017)

Paschal Donohoe: Real Estate Investment Trusts (REITs) are purpose designed vehicles for real estate investment. A requirement placed on REITs is that, in general, 85% of their property income is distributed as a dividend to investors each year. This 85% obligation does not apply in years where the REIT cannot, for example because of an insufficiency of distributable reserves, make a distribution....

Written Answers — Department of Finance: Tracker Mortgage Examination (13 Dec 2017)

Paschal Donohoe: As the Deputy is aware, the Central Bank’s most recent Tracker Mortgage Examination status update report was issued on 17 October last and it indicated that, as at the end of September, approximately 13,000 mortgage accounts have been identified as impacted through the examination.  This is additional to the 7,100 mortgage accounts which were rectified and...

Written Answers — Department of Finance: NAMA Assets Sale (13 Dec 2017)

Paschal Donohoe: I am advised that NAMA did not own the property in question. Its role in relation to the property was as the secured lender. The property was owned and managed by the debtor, who had responsibility for the management of the sales process. I am advised by NAMA that the property in question was not sold during the period when the loans were owned by NAMA. Nor was there a binding legal...

Written Answers — Department of Finance: Insurance Compensation Fund (13 Dec 2017)

Paschal Donohoe: 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 to an insolvent insurer, to meet claims up to a limit of 65% or €825,000 of the claim, whichever is the lesser. Section 3B(1)(a) of the Insurance Act 1964, as inserted by Section 4 of the...

Written Answers — Department of Finance: Tax Reliefs Data (13 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 89 to 91, inclusive, together. I am advised by Revenue that the Cost of Tax Expenditures Table is available on the Revenue Statistics webpage at . This sets out, in tabular form, data on a wide range of reliefs, credits and allowances including health expenses, nursing home related health expenses and expenses relating to employing a person to take care of...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (13 Dec 2017)

Paschal Donohoe: The Ireland Strategic Investment Fund (“ISIF”) has a statutory mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland.   All ISIF investments are considered in terms of their potential risk - adjusted commercial return prospects and the potential economic impact.  The Fund targets those areas for...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (13 Dec 2017)

Paschal Donohoe: There are certain groups of employees in the public service who, due to the nature of their work, are currently required to retire early. Members of An Garda Síochána, the Permanent Defence Force, Firefighters and Prison Officers are the constituent groups in this category, which are collectively referred to as the uniformed pension fast accrual group. These public servants...

Written Answers — Department of Public Expenditure and Reform: Departmental Communications (13 Dec 2017)

Paschal Donohoe: This is not a matter for my Department, the Department of Public Expenditure and Reform. Matters in relation to the Strategic Communications unit are for the Department of Taoiseach in the first instance.

Written Answers — Department of Finance: Compensation Schemes (12 Dec 2017)

Paschal Donohoe: In replying to this question, I am making the assumption that the Deputy is referring to Parliamentary question number 131 of 17 October 2017 which asks why the Government has not agreed to cover 100% of Setanta third party compensation claims; if this means former customers are now potentially liable for partial cost of claims; and if the Minister for Finance will reconsider his approach on...

Written Answers — Department of Finance: Credit Availability (12 Dec 2017)

Paschal Donohoe: The Deputy will be aware that in my role as Minister for Finance I have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. This includes decisions in relation...

Written Answers — Department of Finance: Property Tax (12 Dec 2017)

Paschal Donohoe: In 2012 the inter-departmental group chaired by Dr Don Thornhill established to consider the structures and modalities of a property tax, recommended that Local Property Tax (LPT) paid by the owner in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The Group recommended that consideration be given to...

Written Answers — Department of Finance: Credit Union Regulation (12 Dec 2017)

Paschal Donohoe: I can advise the Deputy that the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (the Regulations) came into effect on 1 January 2016 following commencement of the remaining sections of the Credit Unions and Co-operation with Overseas Regulators Act 2012 which provided regulation making powers to the Central Bank. These Regulations set out an individual member savings limit...

Written Answers — Department of Finance: Motor Insurance Regulation (12 Dec 2017)

Paschal Donohoe: The Central Bank of Ireland is responsible for the prudential supervision of insurance undertakings authorised by it.  It is also responsible for the supervision of conduct of business for all insurers operating in the Irish market whether authorised here or elsewhere in the EU. The EU regulatory framework which allows insurers to provide services from one Member State into...

Written Answers — Department of Finance: Tax Clearance Certificates (12 Dec 2017)

Paschal Donohoe: A condition for the award of State contracts or the payment of providers of services on behalf of the State is that the tenderer or the service provider must have a current tax clearance certificate in respect of Irish tax. Revenue administers the general scheme of tax clearance certification in accordance with section 1095 of the Taxes Consolidation Act 1997. The purpose of the tax...

Written Answers — Department of Finance: Stamp Duty (12 Dec 2017)

Paschal Donohoe: It is assumed the Deputy is referring to the repayment of Stamp Duty where 75% of the land is used for residential development as included in section 61 of the Finance Bill 2017. I am advised by Revenue that information is not available in respect of the uptake of the measure (the future transactions that may qualify for the proposed relief from the 6 per cent rate) and therefore it is not...

Written Answers — Department of Finance: Tracker Mortgage Examination (12 Dec 2017)

Paschal Donohoe: As the Deputy is aware, the Central Bank’s most recent Tracker Mortgage Examination status update report was issued on 17 October last and it indicated that, as at the end of September, approximately 13,000 mortgage accounts have been identified as impacted through the examination.  This is additional to the 7,100 mortgage accounts which were rectified and...

Written Answers — Department of Finance: State Claims Agency (12 Dec 2017)

Paschal Donohoe: The SCA have informed me that in answering question 129 of 14  November 2017 it interpreted the request to relate to its audit programme carried out by its Risk Unit. They have also informed me that in August 2013 on receiving a claim in which it was alleged that personal injuries were caused by exposure to toxic substances in Baldonnel, the SCA emailed Litigation Branch and Claims...

Written Answers — Department of Finance: Tax Code (12 Dec 2017)

Paschal Donohoe: I am advised by Revenue that section 1049 of the Taxes Consolidation Act (TCA) 1997 sets out that a receiver appointed by a Court in the State which has the direction and control of property is assessed and charged to income tax or corporation tax, as appropriate, on the property as if the property were not under the direction and control of the Court. Such a receiver is answerable for doing...