Results 22,081-22,100 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Research and Development Data (7 Nov 2017)

Paschal Donohoe: There are two types of R&D imports recorded in the Balance of Payments (BOP): 1. Direct acquisition of intellectual property patents, copyrights etc. 2. R&D services imports where an entity pays a foreign firm to conduct research on their behalf. In the National Accounts both types of R&D imports are capitalised, that is, they are considered a use of profits rather...

Written Answers — Department of Finance: Economic Data (7 Nov 2017)

Paschal Donohoe: As I am sure the Deputy is aware, projections beyond 2021 have not been compiled or published.  The current estimates of net fiscal space for years 2019 – 2021 are set out below. It is important to stress that the figures, as always, are work-in-progress estimates and will evolve over time.  - 2019 2020 2021 Net fiscal space (€billions) 3.2 3.5 3.6 I also wish...

Written Answers — Department of Finance: Research and Development Supports (7 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 186 and 187 together. I am advised by Revenue that information in respect of the Research and Development credit is available at www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf for all years up to 2015. Additionally, the Deputy may be interested in an analysis by my Department on the R&D Tax Credit which is...

Written Answers — Department of Finance: Pension Provisions (7 Nov 2017)

Paschal Donohoe: I am advised by Revenue that a Personal Retirement Bond (PRB), otherwise known as a Buy out Bond (BoB), is a single premium pension policy into which an existing pension fund or the cash value of an accrued pension benefit can be transferred from a Defined Contribution (DC) or Defined Benefit (DB) occupational pension scheme. Such transfers usually occur when a scheme member is leaving the...

Written Answers — Department of Finance: Tracker Mortgage Examination (7 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 189, 192, 194, 198, 200, 202, 214 and 250 together. As the Deputy is aware, the Central Bank, as the regulator with the appropriate powers, has been conducting an industry-wide examination of tracker mortgage-related issues. Through the examination, the Central Bank has publicly and unequivocally committed that all affected customers will be identified and to...

Written Answers — Department of Finance: Mortgage Interest Rates (7 Nov 2017)

Paschal Donohoe: While the meetings with the banks had initially been intended to cover a wide agenda, in the event the focus of the meetings was on the tracker issue. The issue of standard variable mortgage rates is a significant one for this Government. In line with this the Programme for a Partnership Government has set out a number of important and practical measures which...

Written Answers — Department of Finance: VAT Rate Application (7 Nov 2017)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. I am advised by Revenue that there has been no change in the position in relation to the VAT treatment of music and art schools. In accordance with the EU VAT Directive, the VAT exemption applies to the providers of children’s or young people’s...

Written Answers — Department of Finance: Departmental Websites (7 Nov 2017)

Paschal Donohoe: In response to the Deputy, I am advised that there is no audit being undertaken of my departmental website on behalf of my Department. As such, my Department has incurred no costs in conducting an audit.

Written Answers — Department of Finance: Tracker Mortgage Examination (7 Nov 2017)

Paschal Donohoe: The Tracker Examination is the largest and most complex supervisory investigation undertaken in the context of the Central Bank's consumer protection mandate, involving the review by lenders of more than two million mortgage accounts. The Examination requires lenders, which offered tracker interest rate mortgages to their customers, to review all mortgage accounts from the date...

Written Answers — Department of Finance: Stamp Duty (7 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 196 and 213 together. The rate of Stamp Duty on commercial property was increased to 6% by way of Budget Day Resolution and applies in relation to all relevant conveyances executed after midnight on Budget day. In order to avoid changing the cost structures of contracts entered into prior to that date, I have introduced measures in the Finance Bill that will...

Written Answers — Department of Finance: Credit Availability (7 Nov 2017)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s National Promotional Institution; however, it is not a bank and does not have a banking license. The strategic mission of the SBCI is to deliver effective financial supports to Irish SMEs that address failures in the Irish credit market, while driving competition and innovation and ensuring the efficient use of available...

Written Answers — Department of Finance: Tax Data (7 Nov 2017)

Paschal Donohoe: I am advised by Revenue that Stamp Duty is payable on documents that transfer ownership of property.  Once that document has been executed (signed), no interest or surcharge arise if the Stamp Duty return is filed within 30 days of date the document was executed.  In practice Revenue allow up to 44 days. Returns can, of course, be filed late on occasion. For these reasons, it is...

Written Answers — Department of Finance: State Aid Investigations (7 Nov 2017)

Paschal Donohoe: Notwithstanding the appeal that the Government has lodged in the Apple State Aid case, Ireland is required to comply with the binding articles of the Commission’s Final Decision and to recover the alleged aid from Apple. Irish officials are continuing this work to ensure that the State complies with all our recovery obligations.  To clarify for the Deputy, no court ruling...

Written Answers — Department of Finance: Strategic Communications Unit (7 Nov 2017)

Paschal Donohoe: I can inform the Deputy that a series of meetings was held between officials in my Department and the Strategic Communications Unit (SCU). At a further meeting which I attended, the SCU briefed me and my Secretaries General on the role the unit will play in improving effectiveness, efficiency and cross Government cooperation to foster and develop a whole of Government approach to...

Written Answers — Department of Finance: Departmental Websites (7 Nov 2017)

Paschal Donohoe: I can inform the Deputy that my Department undertook a revision to thewww.finance.gov.ie website earlier this year and the switchover took place on 22 August 2017. The work was carried out in conjunction with the Office of the Government Chief Information Officer (OGCIO), under the Department of Public Expenditure and Reform, which provides ICT services to the Department of...

Written Answers — Department of Finance: Departmental Websites (7 Nov 2017)

Paschal Donohoe: I can inform the Deputy that investment in my Department’s website for years 2011 to 2017 are as follows: Year Costs incurred 2011 €10,296.30 2012 €5,904.00 2013 €52,630.84 2014 €25,422.00 2015 €5,750.25 2016 €14,514.00 2017 €8,050.35

Written Answers — Department of Finance: Departmental Staff Data (7 Nov 2017)

Paschal Donohoe: I wish to inform the Deputy that there are 4 departmental staff in the Department of Finance Press Office. The Press Office is headed up by a Press Officer (acting AP level) who has 3 staff reporting to him, 1 Higher Executive Officer, 1 Executive Officer and 1 Clerical Officer.  The Press Officer works closely with my Press Adviser.

Written Answers — Department of Finance: Departmental Staff Training (7 Nov 2017)

Paschal Donohoe: The protocol for attendance by staff to continuing professional development (CPD) programmes and courses, is a matter for each individual staff member to manage based on their specific requirements for their profession.  In this Department, staff attend a wide range of talks and workshops which can be utilised for CPD purposes. Membership of professional organisations is a matter...

Written Answers — Department of Finance: Public Relations Contracts Data (7 Nov 2017)

Paschal Donohoe: I can inform the Deputy that the following public relations companies or agencies have been utilised by my department for information campaigns in 2017: MediaVest: Publication of an Article covering the success of the Department of Finance in the IITD Awards 2017 where my Department won the “Best Learning and Development Organisation- Medium Category 2017.” The costs incurred...

Written Answers — Department of Finance: Departmental Funding (7 Nov 2017)

Paschal Donohoe: The Disabled Drivers Medical Board of Appeal (DDMBA) is the only State agency funded by my Department.  The DDMBA issues no credit cards to staff or board members.  No concerns have been brought to my attention in relation to this body.  In relation to credit card expenditure, my Department has not issued new procedures relating to credit cards expenditure...