Results 23,281-23,300 of 33,392 for speaker:Paschal Donohoe

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....

Written Answers — Department of Finance: Help-To-Buy Scheme (11 Sep 2017)

Paschal Donohoe: The group to which the Deputy refers was awarded the contract for the review of the Help to Buy initiative following a competitive tender process conducted in accordance with the relevant procedures. The precise final amount payable upon the satisfactory completion of the review is dependent on allowable additional costs, if any, and so is not yet known. However, I...

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

Paschal Donohoe: Matters pertaining to digital advertising would in the first instance be for my colleague, the Minister for Communications, Climate Change and Environment. This Department has no basis on which to cost the levy proposed by the Deputy.

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

Paschal Donohoe: I propose to take Questions Nos. 89, 90 and 93 together. I am informed by Revenue that the estimated amount that could be raised in 2018 by doubling the Local Property Tax (LPT) on second and subsequent properties would be in the region of €110m. Were the rate on third and subsequent properties tripled, I am informed by Revenue that an estimated additional €35m could be raised...

Written Answers — Department of Finance: Vacant Properties (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 91, 92, 96 and 97 together. I am informed that no distinction is made in the Tax Code between vacant and occupied properties. It is not possible therefore to derive estimates from Revenue statistics in relation to the Deputy's questions.

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

Paschal Donohoe: I propose to take Questions Nos. 94 and 95 together. Real Estate Investment Trusts (REITs) are collective investment vehicles designed to hold rental investment properties in a tax neutral manner. They are focused on long-term holding of income-producing property as opposed to short term speculative gains. The function of the REIT framework is not to provide an overall tax exemption,...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Capital (11 Sep 2017)

Paschal Donohoe: As at 31 July 2017, the value of the Ireland Strategic Investment Fund (ISIF) Discretionary Portfolio was €8.5 billion, of which the Fund has committed €2.9 billion to investments in Ireland.  The balance of €5.6 billion is available for investment, as opportunities which meet the Fund’s mandate arise.  As set out in the Summer Economic...

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

Paschal Donohoe: I propose to take Questions Nos. 99 and 236 together. Notwithstanding the appeal in the Apple State Aid case and the difference in view between Ireland and the Commission on the issue, the Government is committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland.  Apple therefore must be deprived of the benefit of the alleged aid...

Written Answers — Department of Finance: Lobbying Data (11 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, the requirements to file returns with the Companies Registration Office is set out in company law. My colleague the Tánaiste and Minister for Jobs, Enterprise and Innovation has responsibility for company law and any amendments to it, including those amendments included in the Companies (Accounting) Act 2017. My Department received a small number of...

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

Paschal Donohoe: My Department’s latest official forecast is €7.7 billion and €8.0 billion in respect of corporation tax receipts for 2017 and 2018 respectively. This was projected as part of the overall forecasts in the recent Summer Economic Statement 2017. However, as the Deputy will appreciate, all tax-heads will be reviewed as part of annual budgetary process....

Written Answers — Department of Finance: European Banking Authority (11 Sep 2017)

Paschal Donohoe: The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector. The main task of the EBA is to contribute...

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

Paschal Donohoe: The most recent figures for personal tax take, total tax take and modified GNI (GNI*) were released in July of this year as part of the CSO National Income and Expenditure Annual Results 2016 and Government Income and Expenditure (July 2017 Results). The data are collated and reproduced in the table following for the Deputy’s convenience. 2016 ESA Code €million % GDP % GNI*...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (11 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. The...