Results 21,501-21,520 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Data Protection (28 Nov 2017)

Paschal Donohoe: As the Deputy is aware, the Credit Reporting Act 2013 provides for the establishment of the Central Credit Register (CCR) by the Central Bank of Ireland. The Act (and the Regulations made under that Act) provide the legal basis for the collection and processing of specified personal and credit information for the purposes of the CCR. The Central Bank has advised that, in the...

Written Answers — Department of Finance: Appointments to State Boards Data (28 Nov 2017)

Paschal Donohoe: Following a review of the work of the Credit Union Restructuring Board's (ReBo) work, as required under the Credit Union and Co-operation with Overseas Regulators Act 2012, which demonstrated that it has completed the performance of its restructuring functions, ReBo is in the process of being dissolved.  ReBo’s restructuring activity ceased on 31 March 2017 and its...

Written Answers — Department of Finance: Tax Collection (28 Nov 2017)

Paschal Donohoe: I am informed by Revenue that the inheritance tax treatment in the case of a right of residence depends on whether or not that right of residence is an exclusive one, i.e. where the beneficiary has the right to exclude other people if he or she so chooses. An exclusive right to live in a property is generally given as a life interest which means that the sibling in residence in effect...

Written Answers — Department of Finance: Tracker Mortgages (28 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 111 to 114, inclusive, together. The Central Bank’s Tracker Mortgage Examination requires all mortgage lenders that provided tracker interest rate mortgages in the Irish market to conduct a complete review of their mortgage loan books to assess compliance with both contractual and regulatory requirements relating to tracker mortgages. Lenders’...

Written Answers — Department of Finance: Ministerial Communications (28 Nov 2017)

Paschal Donohoe: In reply to the Question, I do not use any such accounts for official business.

Written Answers — Department of Finance: Property Tax Collection (28 Nov 2017)

Paschal Donohoe: Section 36 of the Finance (Local Property Tax) Act 2012 (as amended) provides that a liable property owner can authorise another person to complete any LPT filing or payment obligations on his/her behalf. I am advised by Revenue that an LPT return was filed in respect of the property in question in 2013 confirming ‘Valuation Band’ 5 (€250k to €300k) and payment...

Written Answers — Department of Finance: Philanthropy Initiatives (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are a number of provisions in the Taxes Consolidation Act (TCA) 1997 and the Capital Acquisitions Consolidation Act 2003 that provide for tax relief in respect of philanthropy. Section 848A and Schedule 26A of the TCA provide for a scheme of tax relief for donations to approved bodies, including eligible charities. As the Deputy may be aware, changes were...

Written Answers — Department of Finance: Departmental Bodies Data (28 Nov 2017)

Paschal Donohoe: None of the eighteen bodies under the aegis of my Department receives in excess of €1 million funding from my Department. Of these eighteen bodies, the following eight receive more that 50% of their income from public sources:  Office of the Comptroller & Auditor General Credit Union Advisory Committee Credit Union Restructuring Board*...

Written Answers — Department of Finance: Paradise Papers. (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that an analysis of the Panama Papers database was undertaken after it was published by the International Consortium of Investigative Journalists (ICIJ) and that a number of individuals, addresses and intermediaries with Irish connections were identified.  All of the individuals, companies and intermediaries concerned have been profiled using both Revenue’s...

Written Answers — Department of Finance: Corporation Tax (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that what is available is the amount of taxable profits and associated Corporation Tax liability for the top 50 companies in the construction sector for the most recent ten years. Information for earlier years is not retained in Revenue records in a format that facilitates similar analysis. The top 50 companies are selected on the basis of the companies with largest...

Written Answers — Department of Finance: Construction Industry (28 Nov 2017)

Paschal Donohoe: Data on new electricity connections recorded monthly by ESB Networks has been used as a proxy for house completions for many years, as it represents the best available indicator that a residential unit has become available for occupation. However, this indicator does not provide information on the firm responsible for constructing the dwelling. Such data is not available from other...

Written Answers — Department of Finance: Public Private Partnerships (28 Nov 2017)

Paschal Donohoe: A Public Private Partnership (PPP) is an arrangement between the public and private sectors with clear agreement on shared objectives for the delivery of public infrastructure and/or public services by the private sector that would otherwise have been provided through traditional public sector procurement. Public private partnerships are fundamentally taxed in the same manner as a normal...

Written Answers — Department of Finance: Nursing Home Fees (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that Income Tax relief in respect of nursing home fees is available under section 469 of the Taxes Consolidation Act 1997. Nursing home expenses may be claimed under the heading of health expenses. The relief in respect of nursing home expenditure is allowed at an individual’s marginal rate of tax and may be claimed at the end of the year in which the expenses...

Written Answers — Department of Finance: Local Government Fund (28 Nov 2017)

Paschal Donohoe: The Water Services Act 2017 was enacted on 17 November 2017. Part 8, sections 54 to 59 relate to reform of the Local Government Fund (LGF) and give legislative effect to the change in funding sources from the LGF and the Central Fund arising from the Report of the Working Group on the Future Funding Model for Irish Water. Additionally, Chapter 7, “Budgetary Reform” of...

Written Answers — Department of Finance: Departmental Contracts Data (28 Nov 2017)

Paschal Donohoe: I can advise the Deputy of the following public contracts between my Department and Ernst & Young (EY), Deloitte, and KPMG during the period 2011 - 2016. I am including in my reply all payments made (excluding VAT) to the companies referred to by the Deputy during that period. Company Description of service/contract 2011 2012 2013 2014 2015 2016 Deloitte External...

Written Answers — Department of Finance: Pension Provisions (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that a response to this request issued to the administrator of the pension fund on 23rdNovember 2017. From the information received, it appears that the person concerned was employed by two companies within the same Group. However, there was no break in employment within the Group or service for the purposes of the individual’s pension rights. Even though the...

Written Answers — Department of Finance: Financial Services Regulation (28 Nov 2017)

Paschal Donohoe: I have consulted with the Central Bank on this issue and it has confirmed that its Codes of Conduct do not impose a requirement on regulated entities to inform consumers of their plans to unveil new products or enhance an existing product. Under the Central Bank’s Consumer Protection Code 2012 (the Code), a regulated entity must ensure that in all its dealings with...

Written Answers — Department of Finance: NAMA Property Sales (28 Nov 2017)

Paschal Donohoe: As Minister for Finance, I have no role in individual transactions as such commercial decisions are a matter for the NAMA Board. I am advised by NAMA that the asset in question is under the control of Savills as Receiver who appointed two property agents in 2015, JLL and Lisney, to openly market the property. I am further advised that the property was subsequently launched to the market...

Written Answers — Department of Finance: Tax Reliefs Data (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the Cost of Tax Expenditures table is available on the Revenue Statistics webpage at.This table sets out data on a wide range of reliefs, credits and allowances, including the number of taxpayer units benefiting from relief in respect of qualifying third level education fees, as well as the estimated total cost to the Exchequer, for the years 2004-2015, the latest...

Written Answers — Department of Finance: Knowledge Development Box (28 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the Knowledge Development Box (the “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. Taking an accounting period which commenced on 1 January 2016 and ended on 31 December 2016, the tax return was due for filing on 23...