Results 22,721-22,740 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fiscal Policy (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 162 and 163 together. Fiscal space is calculated, in the first instance, using the expenditure benchmark.  The projected fiscal space from this calculation is then incorporated into the fiscal forecasts, in accordance with Government policy, in order to calculate the resulting general government balance and, in turn, the projected structural balance....

Written Answers — Department of Finance: Property Tax Data (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Taking the end 2016 statistics (the most recent year for which complete data are available), , these statistics show that 1.886 million properties were returned for the year. This includes properties for which rollover payment instructions were...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (20 Sep 2017)

Paschal Donohoe: 1. Number of Transactions Reported to Revenue Revenue has received eleven disclosures from promoters of tax schemes under the Mandatory Disclosure regime. Subsequent to receipt of the disclosures, Revenue received from the promoters associated client lists containing the names of 494 taxpayers. While a taxpayer may be listed on a client list this, in itself, is not evidence that the taxpayer...

Written Answers — Department of Finance: Property Tax Data (20 Sep 2017)

Paschal Donohoe: Part 12 of the Finance (Local Property Tax) Act 2012 (as amended) provides for a deferral or partial deferral (50%) of LPT where certain specified circumstances exist. These circumstances include ‘Income Level’, ‘Hardship’, ‘Personal Insolvency’ and ‘Personal Representative of a Deceased Person’. Once granted, a deferral normally...

Written Answers — Department of Finance: Mortgage Lending (20 Sep 2017)

Paschal Donohoe: There are certain legislative and regulatory provisions governing the provision of residential mortgage credit to consumer borrowers. One of the key measures is the Central Bank of Ireland macro-prudential measures which apply proportionate loan-to-value and loan-to-income limits to mortgage lending by regulated financial service providers. For principal dwelling home mortgages, the...

Written Answers — Department of Finance: Tax Data (20 Sep 2017)

Paschal Donohoe: Section 790AA of the Taxes Consolidation Act 1997 provides for the taxation of retirement lump sums, paid under various pension arrangements that are above the specified tax-free limit of €200,000. The following table sets out the total number of relevant retirement lump sum payments (i.e. greater than €200,000) and the associated tax collected for the years 2014 to 2016....

Written Answers — Department of Finance: Universal Social Charge (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the estimated full year cost of abolishing the Universal Social Charge (USC) in 2018 on all income less than €100,000 is €2,924 million.  This costing includes the abolition of USC on all income up to €100,000, i.e., those earning in excess of €100,000 only pay USC on the portion of their earnings in excess of €100,000....

Written Answers — Department of Finance: Tax Code (20 Sep 2017)

Paschal Donohoe: The legislation governing the deductibility of expenses incurred in employment is contained in section 114 of the Taxes Consolidation Act 1997. The provision dictates that for an expense to qualify as a deduction against income from an office or employment, the expense must be wholly, exclusively and necessarily incurred in the performance of the duties of the office or employment. For...

Written Answers — Department of Finance: Tax Collection (20 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the aggregate amount of all taxes and duties in dispute by way of appeal currently stands at close to €1.5 billion. The following table contains information relating to all cases currently under appeal before the Tax Appeals Commission. Band Number of Appeals (see note) Amount in Dispute (€) 0 to 10,000  2,214 3,400,399 10,000 to...

Written Answers — Department of Finance: Tax Data (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 172 and 173 together. I am advised by the Tax Appeals Commission (TAC) that it is not currently in a position to provide all the information requested by the Deputy as certain appeals related data is either not routinely collated by the TAC or is not collated in a form that is readily accessible. The TAC is currently taking steps to address these issues...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 175, 176 and 179 together. As previously advised, the Special Liquidators publish an annual progress update report on the liquidation of IBRC which is publicly available and this report also has a section on fees and costs of the liquidation and also outlines the various cost management activities undertaken by the Special Liquidators and the nature of the...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: I am advised that Department of Finance officials met with the Special Liquidators of IBRC in November 2013 in order to discuss the level of costs being incurred as a result of the liquidation. This meeting was requested given the significant increase of workload being incurred over and above what was expected by the Department of Finance when the original special liquidation rates (based on...

Written Answers — Department of Finance: IBRC Liquidation (20 Sep 2017)

Paschal Donohoe: Question 134 of 11 September 2017, which you posed, asked for a breakdown in relation to the number of persons, by grade, performing the work of the Special Liquidators. Question 286 of 9 June 2015 asked for a breakdown of the hourly rates of each grade. I am advised by the Special Liquidators that the commercial sensitivities are around disclosing the details in relation to...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (20 Sep 2017)

Paschal Donohoe: 1. Revenue advises me that the numbers of applications received and the numbers of companies approved or refused for the Employment and Investment Incentive (EII) for each year since its introduction were as follows: Year Total Received Approved Refused 2012 83 78 5 2013 211 190 21 2014 256 239 17 2015 310 279 31 2016 322 261 61 2017 (year to date) 312 262 50 Total 1,494 1,309 185...

Written Answers — Department of Finance: Flood Risk Assessments (20 Sep 2017)

Paschal Donohoe: I am aware of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years.  However, you should be aware that the provision of insurance is a commercial matter for insurance...

Written Answers — Department of Finance: Insurance Fraud (20 Sep 2017)

Paschal Donohoe: At the outset, the Deputy should note that tackling fraud is one of the six key objectives within the Action Plan of the Report on the Cost of Motor Insurance. This Report recommended the setting up of a fully functioning insurance fraud database for industry to detect patterns of fraud. A dedicated Working Group has been set up in the Department of Justice and Equality to implement...

Written Answers — Department of Finance: Interest Rates (20 Sep 2017)

Paschal Donohoe: The issue of standard variable mortgage rates is a significant one for this Government and the Programme for a Partnership Government has set out a number of important and practical measures which seek to improve the position of variable rate mortgage holders. A key item was the request to the Competition and Consumer Protection Commission (CCPC)...

Written Answers — Department of Finance: Credit Union Regulation (20 Sep 2017)

Paschal Donohoe: The Credit Union Act 1997 (1997 Act) contains provisions in relation to membership, membership approval and expulsion.  In particular Section 17(3) of the 1997 Act states that a person shall not be a member unless he has at least one fully paid-up share in the credit union, but the rules of the credit union shall not require a person to have more than €10, or...

Written Answers — Department of Finance: Economic Competitiveness (20 Sep 2017)

Paschal Donohoe: Addressing Ireland’s economic competitiveness is a key economic policy priority for Government, as outlined in the Summer Economic Statement published in July. The Action Plan for Jobs 2017 sets out a range of initiatives across Government Departments to support competitiveness. The National Competitiveness Council has reported regularly to the relevant Cabinet Committee where its...

Written Answers — Department of Finance: Irish Fiscal Advisory Council (20 Sep 2017)

Paschal Donohoe: I can confirm to the Deputy that I have not met with the Irish Fiscal Advisory Council (IFAC) since assuming my role as Minister for Finance. In July of this year I met with the Chairman of the IFAC, Mr Seamus Coffey, in relation to the Review of Ireland’s Corporation Tax Code. This meeting did not relate to Mr Coffey’s work as Chair of the Fiscal Council.