Results 22,001-22,020 of 33,392 for speaker:Paschal Donohoe

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...

Written Answers — Department of Finance: Motor Insurance Costs (29 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. This position is...

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

Paschal Donohoe: There are two reliefs from the charge to Stamp Duty on inter family transfers of farm land – young trained farmer relief and consanguinity relief. Young trained farmer relief provides a total relief from Stamp Duty, i.e. no duty is payable. I am advised by Revenue that based on the information available, the conditions for granting the young trained farmer relief did not apply in...

Written Answers — Department of Finance: Tracker Mortgages (29 Nov 2017)

Paschal Donohoe: The Central Bank has clearly set out its expectations of lenders to provide appropriate redress and compensation to affected customers in its Principles for Redress. The Principles of Redress provide for a number of different classes of redress payments depending on the harm suffered by individual borrowers. The question of whether a tax liability arises in any given case...

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

Paschal Donohoe: I am advised by Revenue that the amount of Stamp Duty paid on agricultural land is available for the years 2013 to 2016 and is as shown in the following table.Due to the manner in which data are recorded in Revenue systems, this information is not available for earlier years. Year €m 2013 9.6 2014 13.0 2015 18.1 2016 16.8 Further information in relation to Stamp Duty returns and...

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

Paschal Donohoe: I am advised by Revenue that there are two potential stamp duty reliefs where a parent transfers farm land to a son or daughter. An exemption from stamp duty is currently available where farm land is sold or transferred to ‘young trained farmers’. These are farmers who are under 35 years of age and have (or will have within a specified period following the receipt of the...

Written Answers — Department of Finance: Revenue Commissioners Data (29 Nov 2017)

Paschal Donohoe: The Tax Appeals Commission (TAC) was established and new procedures for making, processing, adjudicating and determining appeals came into effect on 21 March 2016. Before this date, taxpayers sent their appeals directly to Revenue, who then transferred appeals to the Appeal Commissioners for hearing. Since that date, taxpayers send their appeals directly to the TAC who then notify Revenue...

Written Answers — Department of Finance: Customs and Excise Staff (29 Nov 2017)

Paschal Donohoe: I am advised by Revenue that Revenue's Comprehensive Review of Expenditure 2014 estimated that the average cost of recruiting staff for compliance projects such as oils, tobacco and alcohol is €50,000 per annum. Revenue is a fully integrated tax and customs administration. Staff are deployed across the full range of roles required of a modern integrated tax and customs...

Written Answers — Department of Finance: Brexit Issues (29 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 107 and 109 together. The precise customs arrangements that will apply after Brexit will depend on the outcome of negotiations between the EU and UK, however it is clear that political solutions must be found before technical resolutions can be applied. I am informed by Revenue that at this juncture it is not possible to assess what specific arrangements...

Written Answers — Department of Finance: Currency Exchange (29 Nov 2017)

Paschal Donohoe: Euro-sterling exchange rate developments have been largely driven by the uncertainty associated with Brexit over the last year or so.  There was a notable appreciation of the bilateral rate in the months leading up to the vote and a further sharp appreciation following the outcome of the referendum.  Since the vote, the euro has appreciated by approximately 17% against sterling and...

Written Answers — Department of Finance: International Relations (29 Nov 2017)

Paschal Donohoe: Identifying the resources required for each of the bodies referred to in order to carry out their roles effectively is a matter for the relevant Ministers and Departments. Officials in the Department of Finance have not prepared any cost estimates based on doubling their footprints within the EU. I expect that any relevant Department and agency which, after appropriate policy analysis,...

Written Answers — Department of Finance: Housing Issues (29 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 111 to 113, inclusive, together. As announced in my Budget speech on 10 October 2017, it is my intention to establish Home Building Finance Ireland (HBFI) to provide funding on market terms to viable residential development projects which are experiencing difficulty in obtaining debt funding.  HBFI will be a standalone entity which will provide...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (29 Nov 2017)

Paschal Donohoe: I am informed by Revenue that based on 2016 data, the latest year for which data are available, the estimated cost to the Exchequer from increasing the current allowable tax relief cap of €150,000 available to an individual investor under the EII scheme in the manner described by the Deputy is set out in the following table. EII Relief Cap Cost € Million €200,000 0.9...