Results 22,741-22,760 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Budget Statement (20 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

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

Paschal Donohoe: I, as Minister for Finance, have no statutory role in relation to the matters referred to in the question. As the Deputy will be aware the Office of the Data Protection Commissioner comes under the aegis of my colleague the Minister for Justice and Equality. I am aware of recent media reports on the loss of certain customer data. I have been informed by the AIB Group that it adheres to...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Sep 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and Vehicle Registration Tax, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. To...

Written Answers — Department of Finance: Flood Relief Schemes (20 Sep 2017)

Paschal Donohoe: I am conscious 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, the provision of insurance cover and the price at which it is offered is a commercial matter for...

Written Answers — Department of Finance: Brexit Issues (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 193 and 194 together. I am informed by the Revenue Commissioners that they are actively engaged in examining a range of scenarios in order to support Ireland's Brexit objectives. As previously indicated, until the shape of post-Brexit arrangements becomes clear, it will not be possible to formulate specific plans. I am therefore informed by Revenue that...

Written Answers — Department of Finance: European Banking Authority (20 Sep 2017)

Paschal Donohoe: The procedure agreed by the European Council for the relocation of the European Agencies currently located in London, the European Banking Authority (EBA) and the European Medicines Authority (EMA), stresses that the business continuity of the two Agencies is vital and must be ensured. Business continuity is one of the six essential criteria in the relocation selection process and...

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

Paschal Donohoe: As the Deputy will be aware, the Central Bank of Ireland introduced an Addendum to the Consumer Protection Code 2012 in February of this year. These new regulatory provisions are designed to better inform and protect rate mortgage holders in relation to changes in variable mortgage interest rates (excluding tracker interest rates). Under these...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (20 Sep 2017)

Paschal Donohoe: As regards the Home Renovation Incentive (HRI), relief is given by way of an income tax credit as distinct from a tax rebate. Relief, where it is arises, is applied evenly over not less than a two year period.  Where a person’s income level is such that the person pays no tax in a given two year period, then the person will be unable to claim the relief in that period. ...

Written Answers — Department of Finance: NAMA Loan Book Value (20 Sep 2017)

Paschal Donohoe: I would firstly refer the Deputy to my response to Parliamentary Question 94 of 29 June 2017, where I highlighted page 46, in particular, of the 2016 NAMA Annual Report, which outlines that the outstanding principal balance of NAMA’s loans and receivables portfolio at end-2016 was €28.4 billion.  The corresponding carrying value of loans (net of impairment) held...

Written Answers — Department of Finance: NAMA Operations (20 Sep 2017)

Paschal Donohoe: I would refer the Deputy to Dáil Questions No. 64 of June 22, 2017 and No. 273 of May 2, 2017, which outline that the NAMA retention and redundancy scheme was established to help safeguard NAMA’s performance, aid the Agency in retaining its operational capabilities through the retention of key staff during the course of its disposal strategy, and allow NAMA to fulfil its objective...

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

Paschal Donohoe: I am advised by Revenue that a Pre-Budget 2018 Ready Reckoner is available on the Revenue Statistics webpage at www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf. The statistics contained in this Ready Reckoner are 2018 estimates from the Revenue tax forecasting model using latest actual data for the year 2015, adjusted as necessary for income, self-employment and...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Redeployment (20 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 204 and 208 together. The Public Sector Transfer Network allows employees to transfer service from one member organisation to another. The legislative provision for this is Section 4 of the Superannuation and Pensions Act 1963, which allows for the transfer of pensionable service in the case of staff transfers between the Civil Service and "approved...

Written Answers — Department of Finance: Vehicle Registration (11 Sep 2017)

Paschal Donohoe: Under the Finance Act 1992 Revenue has responsibility for vehicle identification marks (registration numbers) in the State and the registration format is prescribed in Statutory Instrument No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended). There is provision that Revenue may assign to a vehicle a registration number reserved by the owner on payment of a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (11 Sep 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical Certificate. To qualify...

Written Answers — Department of Finance: Budget Submissions (11 Sep 2017)

Paschal Donohoe: Each year, my Department receives a large number of such submissions  from a wide range of groups and individuals. These are considered by the relevant officials in the context of the Budget process. However, the Deputy will be aware that it is not the practice of the Minister for Finance to discuss the details of measures which may or may not be under consideration as part of the...

Written Answers — Department of Finance: Currency Exchange (11 Sep 2017)

Paschal Donohoe: Following clarification with the Deputy’s office, I understand that his question relates to a proposal to reduce the Irish tax payable by individuals with an Irish state pension who also have UK pension income, due to the negative impact of movements in the UK exchange rate on the Euro value of the UK pension income received. I am advised by Revenue that the taxation of an Irish...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: A working group to examine and report on the tax treatment of landlords (or rental accommodation providers) was established in January 2017 and chaired by my Department. This was on foot of a commitment contained in the ‘Strategy for the Rental Sector’, published by the Department of Housing, Planning and Local Government in December 2016. As part of its work, the Group...

Written Answers — Department of Finance: Budget Submissions (11 Sep 2017)

Paschal Donohoe: The Deputy will be aware that my predecessor announced in Budget 2017 the Government's intention to introduce a new, SME focused share-based remuneration incentive in Budget 2018.  This is a complex undertaking as a focused scheme of this nature needs to comply with State Aid regulations and therefore requires EU approval. The intention of this incentive is to support...

Written Answers — Department of Finance: Exports Growth (11 Sep 2017)

Paschal Donohoe: Action 55 of the Action Plan for Jobs called for the roll out of an Export Finance Initiative to support export orientated SMEs in order to determine the demand from SMEs for export finance. A cross-departmental working group was put in place to develop this initiative. The Export Finance Working Group developed a product aimed at providing short-term working capital support for Irish...

Written Answers — Department of Finance: National Debt Servicing (11 Sep 2017)

Paschal Donohoe: While it may appear attractive to replace debt that was issued at a higher borrowing cost than the cost that applies to debt issued today, the reality is more complex and less attractive. When bond yields fall, the market value of debt issued at higher rates goes up. This means it would cost the NTMA more to buy that debt from the investors who hold it than the NTMA originally borrowed....