Results 21,681-21,700 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 Nov 2017)

Paschal Donohoe: The Disabled Drivers Medical Board of Appeal is an independent body under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations. As such I cannot intervene in any individual cases where a person is dissatisfied in their dealings with the Board. The Board is deemed a public body for the purposes of the Ombudsman (Amendment) Act 2012 and any person...

Written Answers — Department of Finance: State Aid Investigations (16 Nov 2017)

Paschal Donohoe: Ireland has never accepted the Commission’s analysis in the Apple State Aid Decision. An appeal has therefore been brought before the European Courts.  Such an appeal takes the form of an application to the General Court of the European Union, asking it to annul the Decision of the Commission. The Attorney General prepared the legal grounds in support of the annulment...

Written Answers — Department of Finance: Tracker Mortgage Examination (16 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 59 to 61, inclusive, together. As I advised the Deputy in my answer to her previous question, the Central Bank, as the regulator with the appropriate powers, is the institution responsible for conducting an industry-wide examination of tracker mortgage-related issues.  The Central Bank has committed that all affected customers will be identified and...

Written Answers — Department of Finance: Tax Reliefs Eligibility (16 Nov 2017)

Paschal Donohoe: I understand from Revenue that all applications in relation to the Employment and Investment Incentive (“EII”) are dealt with in date order. The entitlement to relief under the scheme is determined after a company, which is a small or medium sized company, has issued shares to a qualifying investor. I am advised by Revenue that while they provide what is known as...

Written Answers — Department of Finance: Stamp Duty (16 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the transfer of a business assets within a family constitutes a conveyance on sale for the purposes of the Stamp Duties Consolidation Act (SDCA) 1999. Stamp duty is payable by the transferee.  Where the business asset is sold or otherwise transferred for less than market value, section 30 SDCA 1999 imposes a charge to stamp duty at the market value of...

Written Answers — Department of Finance: Gender Balance (16 Nov 2017)

Paschal Donohoe: I wish to advise the Deputy that in relation to each of the State Boards under the remit of my Department, the gender balance is provided in the following table. The Deputy may be interested to note that this information can also be accessed on the State Boards website www.stateboards.ie/stateboards/. State Board Gender Balance Central Bank Commission Female – 3 Male...

Written Answers — Department of Finance: Tax Code (16 Nov 2017)

Paschal Donohoe: As the capital gains tax codes of OECD member countries vary in numerous respects, member countries’ codes and the respective statutory rates are not directly comparable.  Capital Gains Tax (CGT) rates vary depending on a number of factors, including, for example,  whether the disposer of the asset  is an individual or a company, resident or non-resident; the nature of...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (16 Nov 2017)

Paschal Donohoe: In Budget 2018 I announced the introduction of the new Key Employee Engagement Programme (KEEP) with the objective of supporting SMEs in Ireland in competing with larger enterprises to recruit and retain key employees.  Share options can provide key employees with a financial incentive linked to the success of the company and may improve the attractiveness of an SME employment...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (16 Nov 2017)

Paschal Donohoe: It was announced to the House in the Financial Statement for Budget 2017 that action would be taken to restrict, with effect from May 2017, the opportunity for tax defaulters with outstanding tax liabilities in respect of offshore matters to use the voluntary disclosure regime. In line with this undertaking, section 56 of the Finance Act 2016 provides that, as and from the specified deadline...

Written Answers — Department of Finance: Paradise Papers. (16 Nov 2017)

Paschal Donohoe: I am informed by Revenue that it is aware of, and actively examining, the information and allegations currently being published by various media outlets that originate from the “Paradise” papers.  If further information and allegations become available from the same source over the coming days, Revenue will likewise examine any such further information or allegations that...

Written Answers — Department of Finance: Tracker Mortgage Examination Data (16 Nov 2017)

Paschal Donohoe: In response to the Deputy’s question, officials in the Department of Finance have received the following response from the bank: “Bank of Ireland provided an update to the market on this matter on 9 November 2017 in which it set out that an additional c. 6,000 accounts would now be included within the scope of the compensation scheme. The Bank has stated that all impacted...

Written Answers — Department of Finance: IBRC Liquidation (16 Nov 2017)

Paschal Donohoe: The Deputy might kindly note that the bonds in question were not issued by the Central Bank. In February 2013, the Central Bank of Ireland acquired a range of assets following the liquidation of the Irish Bank Resolution Corporation (IBRC), including Promissory Notes (non-standard instruments) which were exchanged for a portfolio of eight Floating Rate Notes (FRNs) (standard long-dated...

Written Answers — Department of Finance: IBRC Liquidation (16 Nov 2017)

Paschal Donohoe: Subsequent to the liquidation of IBRC the Central Bank acquired €25.034bn of Floating Rate Notes (FRNs) and €3.46bn of the fixed rate 5.4% Treasury Bond 2025. The following table sets out the interest rate on each of these bonds: Note Type Rate Maturity Original Nominal acquired by CBI (€m) Floating Rate Note 6 month Euribor+268bps 18/06/53 5,034 Floating Rate...

Written Answers — Department of Finance: Tax Code (16 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the details provided in respect of the person concerned differ from Revenue’s  information. If the person concerned is married, they may be entitled to claim the Married Persons Tax Credit by completing and returning a Form IT2 assessable spouse election form which can be found online at or by claiming the credit on MyAccount, the online service for...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (16 Nov 2017)

Paschal Donohoe: The Single Public Service Pension Scheme applies to all new entrants appointed to pensionable posts in the public service from 1 January 2013.  Irrespective of the public service pension scheme of which they are a member, and subject to Revenue and any other relevant regulatory constraints, pensionable public servants may be able to augment their retirement income by contributing to a...

Written Answers — Department of Public Expenditure and Reform: Pensions Data (16 Nov 2017)

Paschal Donohoe: The Single Public Service Pension Scheme, which was launched on 1 January 2013, is the default pension scheme for persons commencing employment in the public service, including civil servants, from that date onward. The Single Scheme is administered at workplace level by each public service body (termed a relevant authority) to which the Scheme applies. My Department does undertake an annual...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (16 Nov 2017)

Paschal Donohoe: In 1995, as a public service pension reform measure, it was agreed that all future entrants to the public service would pay full PRSI and be eligible for a Contributory State Pension as a part of their overall pension entitlement. As a consequence, occupational pensions for those recruited between 1995 and 2012 are made up of an occupational pension payment plus Contributory State...

Written Answers — Department of Public Expenditure and Reform: Legislative Programme (16 Nov 2017)

Paschal Donohoe: The Public Sector Standards Bill provides for the disclosure of registerable interests by members of the Oireachtas and public servants, and for investigation of possible non-compliance with the legislation. The Bill consolidates the current legislative framework governing the ethical obligations of public officials. It aims to significantly enhance the existing framework for...

Written Answers — Department of Public Expenditure and Reform: Appointments to State Boards (16 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 78 and 80 together. As the Deputy will be aware, the Government overhauled the system for State Board appointments during 2014, building on a number of earlier innovations originally introduced in 2011. The revised approach has the following three key principles at its core: - the promotion of wider access to opportunities on State boards; - the...

Written Answers — Department of Public Expenditure and Reform: Gender Balance (16 Nov 2017)

Paschal Donohoe: The Public Appointments Service (PAS) is the only State Board under my remit. The gender breakdown of that Board in tabular form is as follows: Total Membership  as per Legislation Vacancies Current Members Gender Breakdown 9 3 6 Male 66.7% Female 33.3%