Results 21,701-21,720 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Primary Medical Certificates (15 Nov 2017)

Paschal Donohoe: As the Deputy is aware, a Primary Medical Certificate is required to claim the tax reliefs provided under the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme.  The Senior Medical Officer for the relevant local Health Service Executive administrative area makes a professional clinical determination as to whether an individual applicant satisfies the medical criteria to...

Written Answers — Department of Finance: Central Bank of Ireland (15 Nov 2017)

Paschal Donohoe: While the Central Bank cannot comment on individual interactions with regulated entities, I am informed by the Bank that it is engaging with Ulster Bank Ireland DAC (Ulster Bank) in relation to this matter. In November 2016, Royal Bank of Scotland (RBS) announced a complaints process and refund of complex fees for SME customers in Global Restructuring Group (GRG) and indicated...

Written Answers — Department of Public Expenditure and Reform: Departmental Meetings (15 Nov 2017)

Paschal Donohoe: In considering the particular matter regarding entitlements for community service supervisors, regard must be had to the costs and precedent of such an arrangement were one to be created. A scoping exercise is currently being finalised by officials in this Department and should be completed later this year.  Due to unforeseen circumstances, it was necessary to postpone...

Written Answers — Department of Finance: Banking Operations (14 Nov 2017)

Paschal Donohoe: I am advised by Revenue that, as part of its offshore investigations, Irish financial institutions and their Irish registered subsidiaries were required on up to 40 occasions to provide information and data to Revenue usually on foot of a High Court Order. The type of information covered by these Orders included- - information, explanations and particulars, where such information...

Written Answers — Department of Finance: Banking Operations (14 Nov 2017)

Paschal Donohoe: The Deputy is aware that the Minister for Finance has no direct function in strategic or operational decisions made by the banks in which the State is a shareholder.  Decisions in this regard are the responsibility of the board and management of each institution, under the supervision of their regulator and equivalent authorities in the jurisdictions relevant to their operations.  ...

Written Answers — Department of Finance: Banking Sector Data (14 Nov 2017)

Paschal Donohoe: As the Deputy is aware, I, as Minister for Finance have no direct function in strategic or operational decisions made by the banks in which the state is a shareholder, and decisions in this regard are solely the responsibility of the board and management of each institution, under the supervision of their regulator and equivalent authorities in the jurisdictions...

Written Answers — Department of Finance: Central Bank of Ireland Staff (14 Nov 2017)

Paschal Donohoe: I am informed by the Central Bank that there are currently 152 active roles being recruited within the Central Bank. The current overall average time to hire is 8.2 weeks. A full breakdown of the number of vacancies in each functional area is detailed in the first table provided by the Central Bank below, with the corresponding average time to hire in the second table. Pillar...

Written Answers — Department of Finance: Tax Code (14 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the VRT calculator is not subject to an independent audit. It is however subject to ongoing review by Revenue to ensure that it remains fit for purpose. I understand from Revenue that the purpose of the VRT calculator is to provide an indication of the likely VRT liability based on the details input by the person using the calculator. The actual VRT...

Written Answers — Department of Finance: Insurance Coverage (14 Nov 2017)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. ...

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

Paschal Donohoe: I am informed by Revenue that due to an increase in both the volume of the correspondence received and complexity of the issues involved in relation to applications for relief under the Employment and Investment Incentive (EII), there has been an unavoidable increase in the time taken to respond to that correspondence. Procedures have been put in place to reduce these backlogs and additional...

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

Paschal Donohoe: VAT rating is guided by the EU VAT Directive, with which Irish VAT law must comply.  Article 110 of the EU VAT Directive allows Member States to apply a rate of less than 5% to goods and services to which that rate applied on and from 1 January 1991. This is an historical derogation known as a super-reduced VAT rate.  Normal reduced VAT rates must be 5% or more. As Ireland...

Written Answers — Department of Finance: Vehicle Registration (14 Nov 2017)

Paschal Donohoe: Section 135D of the Finance Act 1992 provides for repayment of Vehicle Registration Tax on passenger vehicles exported from the State. These vehicles are subject to VRT at the category A rate which can be as high as 36% of the value of the vehicle. Vehicles in category B, which includes commercial vehicles as well as motor caravans, benefit from the lower VRT rate of 13.3%. Given that...

Written Answers — Department of Finance: Tax Credits (14 Nov 2017)

Paschal Donohoe: The process to abolish the rent tax credit has been under way for many years.  The Commission on Taxation reviewed the credit in 2009 and concluded that the net effect of the rent relief was to increase the cost of private rented accommodation, and as a result recommended that the rent relief should be discontinued.  In Budget 2011, the process to abolish the credit was...

Written Answers — Department of Finance: Departmental Inquiries (14 Nov 2017)

Paschal Donohoe: The information requested is being compiled and will be forwarded to the Deputy in accordance with Standing Orders.

Written Answers — Department of Finance: Eligible Liabilities Guarantee (14 Nov 2017)

Paschal Donohoe: The 'Eligible Liabilities Guarantee' (ELG) Scheme will expire by the end of March 2018; eligible liabilities are now at a substantially reduced level and all are expected to mature before this date. The level of Eligible Liabilities for each institution are detailed in their Annual Financial Reports. The rights for the State to appoint Public Interest Directors to the...

Written Answers — Department of Finance: Central Bank of Ireland (14 Nov 2017)

Paschal Donohoe: The Central Bank, as communicated in its Strategic Plan 2016 – 2018, will implement a strategy for banknote production. The strategy objective is to determine how the Bank meets its Eurosystem obligations for allocation of the annual Euro banknote production. The strategic review, which formally commenced in 2015, is in the context of developments with bank note printing across the...

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

Paschal Donohoe: I propose to take Questions Nos. 116 and 117 together. On 1 January 2015 new EU VAT rules came into effect changing the place where VAT is chargeable in respect of all supplies of telecommunications, broadcasting and electronic (TBE) services to consumers. VAT on these services is now chargeable where the consumer is located instead of where the supplier is located.  As a result of the...

Written Answers — Department of Finance: Banking Sector Staff (14 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 118 and 119 together. Currently, there is one Public Interest Director on the board of Bank of Ireland. The date of appointment and date of resignation/cessation of office for each of the public interest directors appointed at AIB, BOI and PTSB are as follows: Bank Appointed Resignation/cessation Allied Irish Banks Dick Spring Jan 09 Dec 2014 Declan...

Written Answers — Department of Finance: Motor Insurance Costs (14 Nov 2017)

Paschal Donohoe: The Deputy should note at the outset that in my role as Minister for Finance I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on the risks they are willing to...

Written Answers — Department of Finance: Prize Bonds (14 Nov 2017)

Paschal Donohoe: The NTMA have advised me that the Prize Bond Company acts as an agent of the NTMA in the administration of Prize Bonds.  Any queries in relation to Prize Bonds should be directed to Prize Bond – Customer Service the contact details for which are available on the dedicated State Savings website atwww.statesavings.ie.  It should be noted that the...