Results 21,461-21,480 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are no data available to estimate the cost, uptake or levels of absorption of the measures as set out by the Deputy.

Written Answers — Department of Finance: Fiscal Data (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. The calculation of fiscal space decouples expenditure growth from revenue developments. Fiscal space represents the additional capacity arising from the permitted expenditure growth rate that is available for expenditure increases and/or tax reductions.  Fiscal space may be increased through the introduction of discretionary...

Written Answers — Department of Finance: Universal Social Charge Data (30 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the following table sets out the estimated first and full years cost to the Exchequer of increasing the USC threshold from €13,000 to the levels set out by the Deputy. USC Threshold First Year Cost €m Full Year Cost €m €60,000 1,173 1,357 €70,000 1,400 1,621 €80,000 1,581 1,832 €90,000 1,728 2,004...

Written Answers — Department of Finance: Tax Reliefs Data (30 Nov 2017)

Paschal Donohoe: It is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in section 597AA of the Taxes Consolidation Act 1997. I am advised by the Revenue that the cost of the measure would depend on the disposal of relevant gains by taxpayers. However, on the basis of disposals of gains in previous tax years, it is estimated that the cost of increasing this limit to...

Written Answers — Department of Finance: VAT Rate Increases (30 Nov 2017)

Paschal Donohoe: The flat rate addition is designed to compensate non-VAT registered farmers for the VAT incurred by them on the purchases of goods and services. These farmers add this percentage to their prices when selling to VAT registered businesses that subsequently treat the flat rate addition as a normal input VAT in their periodic VAT returns. Under the EU VAT directive, the flat rate addition is...

Written Answers — Department of Finance: Tax Data (30 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 89 to 91, inclusive, together. I am advised by Revenue that the first and full year cost of increasing Group A, B and C thresholds are outlined in the table. Threshold A €310,000 First Year Full Year Increased to €m €m €320,000 7.4 8.5 €330,000 13.8 16.0 €340,000 19.6 22.8 €350,000 24.8 28.9...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (30 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (Central Bank) has informed me that various lenders offer loans where the interest rate is higher than that generally charged in the market. Although these lenders are commonly referred to as ‘sub-prime lenders’, there is no such regulated category as ‘sub-prime lender’. Retail Credit Firms are authorised to provide credit, in the form...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions Expenditure (30 Nov 2017)

Paschal Donohoe: The Public Service Pension Reduction (PSPR), was introduced on 1 January 2011 under the Financial Emergency Measures in the Public Interest (FEMPI) Act 2011. The PSPR reduces the value of those public service pensions which have pre-PSPR values above specified thresholds. It does so in a progressively structured way which has a proportionately greater effect on higher value...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Remuneration (30 Nov 2017)

Paschal Donohoe: The 10% reductions in starting pay for certain new entrants were introduced in January 2011 as part of the National Recovery Plan in order to reduce the Public Service Pay Bill by the then Government.  The issue of addressing the difference in incremental salary scales between those public servants, who entered public service employment since 2011 and those who...

Written Answers — Department of Public Expenditure and Reform: Public Service Stability Agreement (30 Nov 2017)

Paschal Donohoe: The cost of the Public Service Stability Agreement 2018-2020 is €887m broken down as follows:  Year Pay Deal Cost 2018 €178m 2019 €370m 2020 €339m There are carryover costs associated with the Agreement of €227m in 2021.  The latest Fiscal Space projections were published in the Summer Economic Statement of 2017: . Subsequent to that the...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (30 Nov 2017)

Paschal Donohoe: At the April meeting of the Community Sector High Level Forum, my Department outlined its intention to conduct a detailed scoping exercise in order to comprehensively examine and assess the full potential implications of the issues under consideration. In considering the particular matter referred to, regard must be had to the costs and precedent of such an arrangement were one to be...

Public Service Pay and Pensions Bill 2017: Second Stage (29 Nov 2017)

Paschal Donohoe: I propose that the Bill pass Second Stage.

Public Service Pay and Pensions Bill 2017: Order for Second Stage (29 Nov 2017)

Paschal Donohoe: I move: "That Second Stage be taken now."

Public Service Pay and Pensions Bill 2017: Second Stage (29 Nov 2017)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." The Bill seeks to implement the provisions agreed in the Public Service Stability Agreement, PSSA, 2018-2020 of earlier this year. It does so in the context of our country’s continuing economic growth and within the Government’s policy of carefully looking after our economy. Last month I had the honour of presenting my...

Questions on Promised Legislation (29 Nov 2017)

Paschal Donohoe: As the Deputy has just indicated, as a Government, we do not play a role in any decision the Central Bank makes on criteria for access to loans to purchase homes. The only legislative relationship in this area requires that we be informed of what the Central Bank is doing, but it makes its decision and announces it. As the Deputy said, there are other measures at which we are looking to...

Estimates for Public Services 2017: Leave to Introduce (29 Nov 2017)

Paschal Donohoe: I move:That leave be given by the Dáil to introduce the following Supplementary Estimates for the service of the year ending on the 31st day of December 2017:Vote 20 — Garda Síochána (Supplementary Estimate). Vote 26 — Education and Skills (Supplementary Estimate). Vote 34 — Housing, Planning and Local Government (Supplementary Estimate). Vote 38...

Written Answers — Department of Finance: Electric Vehicles (29 Nov 2017)

Paschal Donohoe: I am advised by Revenue that tax due as a result of benefit-in-kind is not separately declared by benefit type on employer returns, instead the total aggregated benefit-in-kind figure is declared to Revenue, therefore there is no basis for compiling the costing sought by the Deputy. Given the relatively small numbers of electric vehicles currently registered in Ireland, and the fact that...

Written Answers — Department of Finance: Paradise Papers. (29 Nov 2017)

Paschal Donohoe: The Paradise Papers were discussed in the November ECOFIN meeting in the context of the EU list of non-cooperative jurisdictions for tax purposes. There is widespread consensus in recent years that aggressive tax planning can only be prevented by all countries acting together. Member States of the EU agreed last year to draw up a list of countries who do not live up to international best...

Written Answers — Department of Finance: Stamp Duty (29 Nov 2017)

Paschal Donohoe: In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. Based on Revenue’s Post-Budget Ready Reckoner this is projected to raise around €392 million in 2018. In my Budget statement I also announced an extension of consanguinity relief for another 3 years and that...

Written Answers — Department of Finance: Land Transfers (29 Nov 2017)

Paschal Donohoe: The rate of stamp duty on non-residential land was increased to 6% on Budget Day, which 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 lower rate of 2% to continue to apply where the parties to a contract entered into a binding contract before 11...