Results 23,381-23,400 of 33,392 for speaker:Paschal Donohoe

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

Paschal Donohoe: I propose to take Questions Nos. 195, 200, 201 and 216 together. At the outset, let me say that sectoral issues are a matter for the relevant Departments and Ministers.  It must be acknowledged that exchange rate movements over the past year have caused difficulties, particularly for the labour-intensive indigenous sectors. Euro-sterling exchange rate developments have been largely...

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

Paschal Donohoe: I propose to take Questions Nos. 196 and 244 together. The Department of Finance engaged Dr. Don Thornhill in 2015 to conduct a review to consider and make recommendations on the operation of the Local Property Tax, in particular any impacts on LPT liabilities due to property price developments. Dr. Thornhill made a number of recommendations in his report on his review of the...

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

Paschal Donohoe: The National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National Debt is the principal component of General Government Debt. Details of the provisional and unaudited composition of Gross National Debt, its residual maturity and average interest rates as at end-June 2017 are set out in the table below. The exact...

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

Paschal Donohoe: As the Deputy will be aware, the Tax Strategy Group (TSG) is in place since the early 1990’s and is chaired by the Department of Finance with membership comprising senior officials and political advisers from a number of Civil Service Departments and Offices. Papers on various options for tax policy changes are prepared annually by Department of Finance officials. The TSG is not a...

Written Answers — Department of Finance: Mortgage Book Sales (11 Sep 2017)

Paschal Donohoe: The proposed sale referred to in media reports appears to relate the sale of buy-to-let mortgages rather than homeloans.  Nevertheless I will address the Deputy's concern in relation to homeloans.     The Deputy will be aware that there are substantial protections in place for customers in the event that a loan is sold from the original provider to a third...

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

Paschal Donohoe: I have been advised by the Central Bank that the Bank does not have figurers in relation to the level of car loan indebtedness and in particular personal contract plans (PCP) in the format requested by the Deputy.  However the Bank has informed me that loans extended by credit institutions to private households for the purpose of car finance would be included under Consumer...

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

Paschal Donohoe: I am advised by Revenue that the numbers of taxpayers by ranges of gross income in 2015, the latest year for which data are available, as well as for 2014 and 2013, are available at . It should be noted however that this breakdown is not available by individual persons but is presented in terms of tax units (either individuals or married persons / civil partners who have elected or who have...

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

Paschal Donohoe: I propose to take Questions Nos. 204, 207, 208 and 212 together. In his Financial Statement to the House on 11 October 2016, Minister Noonan indicated that he would act to restrict the opportunity for tax defaulters with outstanding tax liabilities relating to offshore matters to avail of the voluntary disclosure regime. In line with this undertaking, section 56 of the Finance Act 2016...

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

Paschal Donohoe: I am advised by the Deputy’s office that this question relates to the Domicile Levy. Individuals who spend less than 183 days in this country in a tax year are considered non-resident for tax purposes. This also applies to individuals who spend less than 280 days here over a period of two consecutive years. The Domicile Levy was introduced in the 2010 Finance Act and is payable on...

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

Paschal Donohoe: I propose to take Questions Nos. 206 and 209 to 211, inclusive, together. I have been advised by Revenue that exchange of information carried out under the provisions of Ireland’s international agreements including double taxation treaties and the Council Directive 2011/16/EU on Administrative Cooperation in the Field of Taxation is governed by strict confidentiality provisions and the...

Written Answers — Department of Finance: Brexit Issues (11 Sep 2017)

Paschal Donohoe: This is a question more appropriate for the Minister for Business, Enterprise and Innovation who should be able to provide details of work being carried out in her Department.

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

Paschal Donohoe: Due to the decision of the United Kingdom to exit the European Union, two European Agencies currently located in London, the European Banking Authority (EBA) and the European Medicines Agency (EMA), will have to relocate.  Member States interested in hosting one or both of the Agencies were required to submit a formal offer to the European Commission and Ireland’s formal...

Written Answers — Department of Finance: Brexit Issues (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 217 to 223, inclusive, and 225 together. The comprehensive document “Ireland and the negotiations on the UK’s withdrawal from the European Union: The Government’ Approach” published on 2 May outlined in detail the structures put in place by the Government to ensure a strategic and whole-of Government response to Brexit that ensures...

Written Answers — Department of Finance: Brexit Staff (11 Sep 2017)

Paschal Donohoe: The Department of Finance has been assessing and preparing for the impact of Brexit since well before the referendum on 23 June 2016. Following the result of the UK referendum, work has been intensified across the whole of Government level, including in my own Department, to ensure that Ireland’s interests are protected in the negotiations at EU level and to ensure that Ireland will...

Written Answers — Department of Finance: Brexit Staff (11 Sep 2017)

Paschal Donohoe: The Government has been preparing for the impact of Brexit since well before the referendum on 23 June 2016, with this work now intensified. The Government is clear and determined that all possible preparations will be made ahead of the UK leaving the EU.  A critical aspect of the Government’s contingency planning and preparations is extensive consultation with a wide range of...

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

Paschal Donohoe: The Department of Finance has been preparing for the impact of Brexit since well before the referendum on 23 June 2016, with this work now intensified.  In that regard, the Department has been to the fore in producing and funding a number of Brexit-related studies, both before and since the UK's referendum decision.  To date, outputs include: - A scoping study published in November...

Written Answers — Department of Finance: Expenditure Reviews (11 Sep 2017)

Paschal Donohoe: The Mid-Year Expenditure Report sets out the pre-Budget expenditure ceiling for my Ministerial Vote Group of €439 million for current expenditure and €25 million for capital expenditure. This represents the spending baseline for examination of my Department's budgetary priorities for 2018. As outlined in the Mid-Year Expenditure Report, the increases planned in...

Written Answers — Department of Finance: NAMA Loans Sale (11 Sep 2017)

Paschal Donohoe: I am advised by NAMA that, following openly marketed processes, the successful bidders in each referenced loan sale were as follows: Loan sale Initial bidder query Aspen Starwood Abbey Apollo Jewel Allianz (Hammerson and Allianz were ultimately the successful bidders)

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

Paschal Donohoe: I propose to take Questions Nos. 230, and 238 to 240, inclusive, together. As part of the Special Assignee Relief Programme (SARP) review in 2014, the proposal to include employees that were newly employed from outside an organization rather than restricting it to employees moving within an organization was considered. However, the review found that to include new hires in this...

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

Paschal Donohoe: It is my intention to introduce a tax on sugar-sweetened drinks in April 2018, to coincide with the introduction of a similar tax in the UK at that time.  This tax will be imposed as a volumetric tax as a specific amount per litre of product, as opposed to an ad valorem rate imposed on the final retail price of product. This is to ensure that the tax is applied to sugar content of the...