Results 22,181-22,200 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Small and Medium Enterprises Supports (26 Oct 2017)

Paschal Donohoe: In Budget 2018 I introduced the 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 offer. A restriction is placed at...

Written Answers — Department of Finance: Vehicle Registration (26 Oct 2017)

Paschal Donohoe: I am advised by Revenue that vehicles which are granted relief from VRT and VAT under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994 must continue to be used primarily for the transportation of persons with a disability for a minimum period of required use that ranges from 2 to 6 years, depending on the level of adaptations of the vehicle and the corresponding...

Written Answers — Department of Public Expenditure and Reform: Civil Service Staff Data (26 Oct 2017)

Paschal Donohoe: The Deputy will be aware that the Civil Service Mobility scheme is one of a number of arrangements to be put in place to fulfil the requirements of Action 15 of the Civil Service Renewal Plan which calls to ‘Expand career and mobility opportunities for staff across geographic, organisational and sectorial boundaries’. The scheme will generate an open, fair, transparent and...

Finance Bill 2017: Second Stage (Resumed) (25 Oct 2017)

Paschal Donohoe: I will attempt to address as many of the points raised in this wide-ranging debate as possible. However, as I am sure Deputies will appreciate, I will not be able to respond to every point made in the course of the discussion of the Finance Bill on Second Stage. I want to address the points made by Deputy John McGuinness in two areas, the first being about the comments I have made and...

Tracker Mortgages: Motion [Private Members] (25 Oct 2017)

Paschal Donohoe: The way the banks have dealt with this issue is wrong and it is unacceptable to me. The behaviour that caused this issue was wrong and the behaviour in responding to its resolution has failed to reflect the appreciation the banks should have of the difficulty, hurt, anxiety and trauma caused by their actions to their customers and our citizens. I am unambiguously sending out the message on...

Written Answers — Department of Finance: Tax Agreements (25 Oct 2017)

Paschal Donohoe: The European Commission published a series of proposals on 4 October 2017 dealing with the definitive VAT system. The definitive system will bring to an end the current transitional VAT system that has applied since the early 1990s. It deals with changing the method of taxing intra-EU business-to-business supplies of goods from taxation based in the Member State of the supplier to the...

Written Answers — Department of Finance: Tax Code (25 Oct 2017)

Paschal Donohoe: As I informed the Deputy in my reply to his similar question of 5th October 2017 (No.42270/17), I am advised by Revenue that it is not their practice to comment on the application of the provisions of the national law of other countries. I am also advised that if the Deputy supplies identifying detail in respect of the person and specifies the source of income concerned, or the...

Written Answers — Department of Finance: EU Budget Contribution (25 Oct 2017)

Paschal Donohoe: Further to the PQ of 17 October on the calculation of Ireland’s EU budget contributions; Member State contributions to the EU Budget are calculated by the EU Commission in line with the provisions outlined in Own Resource Decision (ORD) Regulation (2014/335) which was ratified by all Member States in 2016. The ORD lays down three sources of EU revenue, or ‘Own Resources’:...

Written Answers — Department of Finance: Tracker Mortgage Examination (25 Oct 2017)

Paschal Donohoe: As the Deputy is aware, the Central Bank is conducting an industry wide examination of tracker mortgage related issues. As part of this process, the Central Bank has set out a framework for conducting the examination and the principles for lenders when issues are identified for redress. The Central Bank also requires lenders to provide robust independent assurance work be undertaken by an...

Written Answers — Department of Finance: Tax Avoidance (25 Oct 2017)

Paschal Donohoe: The promotion and use of tax avoidance schemes, which are based in the main on transactions largely devoid of any commercial rationale, is an issue and challenge facing all tax administrations. A comprehensive general anti-avoidance rule was introduced by the Oireachtas as far back as 1989. The Deputy may be aware there is a requirement in the recent EU Anti-Tax Avoidance Directive for Member...

Written Answers — Department of Finance: Tax Data (25 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 110 and 111 together. I am advised by Revenue that the number of appeals relating to the almost €234 million of PAYE tax liability is 244. The following table contains a breakdown of these appeals by monetary bands. Some of the bands have been aggregated where there are less than 10 appeals in the smaller band in line with Revenue’s practice of...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (25 Oct 2017)

Paschal Donohoe: The Help to Buy incentive is provided for in section 477C of the Taxes Consolidation Act 1997. That section defines a first time purchaser as an individual who has not, either individually or jointly with any other person, previously purchased or built a dwelling. As I advised the Deputy in my reply to his question on 18 October, the fact that a person has previously owned agricultural...

Written Answers — Department of Finance: Revenue Commissioners Staff (25 Oct 2017)

Paschal Donohoe: The mandatory disclosure regime is administered by Revenue’s Anti-Avoidance Branches (which are part of the Large Cases Division (LCD)). All staff in these Branches, as part of their normal duties, are involved in examining possible tax avoidance schemes disclosed under the mandatory disclosure regime. In addition, anti-avoidance staff based in Revenue’s geographic Regions and...

Written Answers — Department of Finance: Stamp Duty (25 Oct 2017)

Paschal Donohoe: I am advised by Revenue that, in the absence of consanguinity relief (i.e. for property transferred between certain relatives) or the exemption on transfers of land to young trained farmers, stamp duty on a sale of agricultural land is treated as a transfer of non-residential property. A transfer of such property is charged at 6% of the consideration for conveyances executed on or after 11...

Written Answers — Department of Finance: Stamp Duty (25 Oct 2017)

Paschal Donohoe: I am advised by Revenue that stamp duty is chargeable on a conveyance or transfer on sale of a property. This happens when the interest in a property is transferred to or vested in a purchaser. The stamp duty is payable to Revenue 30 days after the execution of the deed of conveyance or transfer on sale. Execution of the deed would be expected to happen at the final stage of the sale when the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (25 Oct 2017)

Paschal Donohoe: In Budget 2018 I introduced the 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 offer. The incentive, due to...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (25 Oct 2017)

Paschal Donohoe: I am advised by Revenue that a report on the Employment and Investment Incentive (EII) scheme is available on the Revenue website at: . This report provides EII statistics regarding qualifying companies, investors, investment amounts and also Exchequer costs. The report covers the years from 2012, the year in which the scheme was first introduced, to 2016, the latest year for which...

Written Answers — Department of Finance: Tax Credits (25 Oct 2017)

Paschal Donohoe: The Research and Development (R&D) Tax Credit is a very important feature of the Irish Corporation Tax system. The central purpose of the R&D tax credit is to encourage companies to undertake high-value added R&D activity in Ireland, thereby supporting jobs and investment here. A review of the R&D Tax Credit was undertaken by my Department prior to Budget 2016....

Written Answers — Department of Finance: Tax Reliefs Costs (25 Oct 2017)

Paschal Donohoe: In Budget 2018 I introduced the Key Employee Engagement Programme with the objective of supporting SMEs in Ireland in competing with larger companies 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 offer. The Deputy has requested a costing...

Written Answers — Department of Public Expenditure and Reform: Community Sector High Level Forum (25 Oct 2017)

Paschal Donohoe: I would like to refer the Deputy to PQ 43759/17 answered on 17 October 2017.