Results 22,181-22,200 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: State Aid Investigations (21 Nov 2017)

Paschal Donohoe: The European Commission has been gathering information from all 28 EU Member States on tax rulings since 2014 and it has examined over 1,000 rulings across EU Member States. I understand that the European Commission issues information requests to Member States on an ongoing basis. Ireland has always cooperated with such requests and will continue to do so. It is not appropriate for me to...

Written Answers — Department of Finance: Money Laundering (21 Nov 2017)

Paschal Donohoe: The Deputy will understand that the information requested is not held within my Department. I have therefore requested a response to the Deputy's question from each of the banks identified by the Deputy. AIB Response: "AIB has comprehensive policies and procedures in place to ensure compliance with the provisions of the Criminal Justice Act, 2010 (CJA 2010). This includes with regard to its...

Written Answers — Department of Finance: Departmental Reports (21 Nov 2017)

Paschal Donohoe: The Strategy for the Rental Sector, published in December 2016, contained a commitment to establish a Working Group to examine and report on the tax treatment of landlords (or rental accommodation providers), and to put forward, where appropriate, options for amendments to such treatment. The Working Group was chaired by the Department of Finance and its membership included officials from...

Written Answers — Department of Finance: Tax Clearance Certificates (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the requested letter of clearance has issued to the agent handling the estate of the person concerned.

Written Answers — Department of Finance: Central Bank of Ireland Supervision (21 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 148 to 150, inclusive, together. The Irish Credit Bureau is not regulated by the Central Bank of Ireland. It is a private organisation, owned and financed by its members, and it is not under the remit of the Central Bank.

Written Answers — Department of Finance: Credit Register Administration (21 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 151 and 152 together. As the Deputy may be aware, the Irish Credit Bureau does not fall under the statutory remit of the Minister for Finance. Furthermore, the Irish Credit Bureau does not fall under the regulatory remit of the Central Bank of Ireland. The stated objectives of private companies are a matter for the companies themselves. However,...

Written Answers — Department of Finance: Pension Provisions (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the matter of whether the amount of pension being paid to the person concerned is correct is a matter in the first instance for the pension provider. The tax credits allocated to the person concerned are, based on the information available to Revenue, correct. If the person concerned wants to verify the correct tax has been deducted for any year, he can...

Written Answers — Department of Finance: Brexit Negotiations (21 Nov 2017)

Paschal Donohoe: The Government’s Brexit priorities are clear. They are to protect the peace process, ensuring no hard border, maintenance of the Common Travel Area, securing an effective transitional arrangement leading to the closest possible trading relationship with UK, and working for the future of our Union.  As set out in the Government’s position paper of 2 May 2017, to...

Written Answers — Department of Finance: Insurance Costs (21 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: Departmental Communications (21 Nov 2017)

Paschal Donohoe: In response to the Deputy's question, the domain names registered to or owned by my Department or through a third party are listed as follows: - - - - - - - Please note that the domains listed relate to active websites. This list does not include domains registered to or owned by the Bodies under the Aegis of my Department.  I would like to advise the Deputy that ICT services...

Written Answers — Department of Finance: Tax Code (21 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 157 and 158 together. I am advised by Revenue that statutory interest charges are designed to compensate the Exchequer for loss of revenue through late payment of tax, to encourage timely payments in future and to ensure equity for those taxpayers who pay on time. The current annualised rate of statutory interest charged in respect of late P30...

Written Answers — Department of Finance: Parliamentary Questions Costs (21 Nov 2017)

Paschal Donohoe: Servicing the democratic process through answering Parliamentary Questions (PQs) is a core responsibility of all Department of Finance staff. The time spent responding to a question, and the number of staff involved in preparing the response, varies significantly depending on the complexity and importance of the topic, whether the response is to be written or oral, and whether...

Written Answers — Department of Finance: Paradise Papers. (21 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: Tax Reliefs Application (21 Nov 2017)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for tax relief in respect of qualifying fees paid by an individual in respect of an approved course at an approved college subject to the terms and conditions set out in the section. Tax relief is available where a student attending an approved college carries out an undergraduate course of at least two academic years'...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (21 Nov 2017)

Paschal Donohoe: The Help-to-Buy (HTB) incentive is intended to assist first-time purchasers to secure a deposit for a mortgage. In the absence of the measure, many such purchasers would have difficulty securing the required deposit under the Central Bank macro-prudential rules. The incentive is provided for in s. 477C of the Taxes consolidation Act 1997 which states: 'first-time purchaser' means an...

Written Answers — Department of Finance: Tax Reliefs Data (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the Cost of Tax Expenditures table is available on the Revenue Statistics webpage at . This table sets out data on a wide range of reliefs, credits and allowances, including the number of taxpayer units benefiting from relief in respect of qualifying third level education fees, as well as the estimated total cost to the Exchequer, for the years 2004-2015, the...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (21 Nov 2017)

Paschal Donohoe: The Help to Buy incentive aims to both assist those first-time buyers struggling to save for the deposit required to purchase a home, as well as incentivising additional building and the provision of extra housing stock. To avail of the incentive involves two stages. Stage 1 is the Application Stage, wherein prospective applicants can query whether they qualify for the incentive. They can...

Written Answers — Department of Finance: Tax Code (21 Nov 2017)

Paschal Donohoe: I am advised by Revenue that inheritance tax may be payable by a person who is resident or ordinarily resident in the State where the person (i.e. the beneficiary) receives an inheritance from the estate of a deceased person living in the UK.  Double taxation can potentially arise because Irish inheritance tax is based on the country of residence of the beneficiary while UK inheritance...

Written Answers — Department of Finance: Tax Avoidance (21 Nov 2017)

Paschal Donohoe: The Deputy will appreciate that this is a complex area which I will be seeking to address during the forthcoming stages of Finance Bill 2017.

Written Answers — Department of Finance: Real Estate Investment Trusts (21 Nov 2017)

Paschal Donohoe: The Finance Act of 2013 introduced the regime for the operation of Real Estate Investment Trusts (REITs) in Ireland, found in Part 25A of the Taxes Consolidation Act 1997.  The regime provides for a collective investment vehicle for persons wishing to invest in property.  REITs must be widely held, as it is a requirement that the REIT not be a “close company”, that is,...