Results 23,461-23,480 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Expenditure (26 Jul 2017)

Paschal Donohoe: My Department employs a taxi company engaged through an Office of Government Procurement drawdown contract.  The company engaged to provide the service is Net Global Taxis trading as Lynx Taxis. The following table gives details of the amounts paid to the company in the period from 1 July 2015 to 30 June 2017. Year Amount paid 01/07/2015 - 30/06/2016 €13,601 01/07/2016 -...

Written Answers — Department of Finance: Financial Services Regulation (26 Jul 2017)

Paschal Donohoe: The Central Bank regulates the licensed moneylender sector. It is, of course, a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the responsible body for enforcing. The Central Bank has no power or regulatory role in respect of illegal moneylending. The...

Written Answers — Department of Finance: Universal Social Charge Data (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 117 and 118 together. I am advised by the Revenue Commissioners that the number of persons exempt from the USC in 2015 (the latest year for which final data are available) is shown in the table at . As regards the numbers of taxpayers subject to USC by ranges of income in 2015, the latest year for which data are available, I am advised by the Revenue...

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: I am advised by Revenue that paternity benefit is chargeable to income tax in the same way as maternity benefit.  Taxation of paternity benefit was provided for by way of an amendment to Section 126(2A) of the Taxes Consolidation Act 1997, which was contained in section 36 of the Paternity Leave and Benefit Act 2016.

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 120 and 123 together. The Central Bank Code of Conduct on Mortgage Arrears (CCMA) is a key part of the overall framework to protect and assist people who are experiencing difficulty with a mortgage secured on a primary residence.  In particular, the CCMA outlines the process to be followed by relevant firms to ensure borrowers in arrears (or...

Written Answers — Department of Finance: Home Repossessions (26 Jul 2017)

Paschal Donohoe: As the Deputy is aware, the Minister for Housing, Planning, Community and Local Government last summer launched Rebuilding Ireland, the Action Plan for Housing and Homelessness. The Action Plan represents a whole of government response to the issues in the housing market with actionable measures across a wide range of areas, designed to stimulate housing supply and remove many of the...

Written Answers — Department of Finance: Property Ownership (26 Jul 2017)

Paschal Donohoe: Matters relating to the registration and transfer of the ownership and title of land, and any charges attached to land, is a matter which falls within the policy remit of the Department of Justice and Equality.  However, disputes which relate to the basis or legality of a particular debt, or the security provided for such a debt, and the consequent right of the...

Written Answers — Department of Finance: VAT Rate Application (26 Jul 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: Brexit Issues (26 Jul 2017)

Paschal Donohoe: I am well aware of the threat Brexit poses to every sector of the economy, including the haulage industry. I have received a pre-budget submission and a meeting request from the organisation concerned. Both the submission and request for a meeting are being considered. I would like to note that in recent years a number of measures have been introduced to reduce the operating expenses...

Written Answers — Department of Finance: Tax Data (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 126 and 133 together. I am advised by Revenue that the yield to the Exchequer from the introduction of a third rate of income tax on incomes over €100,000 is available in the Ready Reckoner which is published by Revenue and available at . In relation to the question about minimum effective tax rates, I assume the Deputy is referring to the high earners...

Written Answers — Department of Finance: Tax Code (26 Jul 2017)

Paschal Donohoe: Further to the reply to Question No. 119 of 13 July last, which provided a detailed answer to the Deputy setting out the operation of this relief, I am advised by Revenue that the relief operates where a married couple comprises one individual who is tax-resident in Ireland and one who is tax-resident in another jurisdiction. The relief serves to ensure the taxation of the portion of the...

Written Answers — Department of Finance: Ministerial Responsibilities (26 Jul 2017)

Paschal Donohoe: In response to the Deputy, I can advise that while I was recently appointed as Minister for Finance and Public Expenditure and Reform for both the Department of Finance and the Department of Public Expenditure and Reform, I am in effect running two separate Departments as separate legal entities.

Written Answers — Department of Finance: Bank Charges (26 Jul 2017)

Paschal Donohoe: A new EU Directive, the revised EU Payment Services Directive, is currently being transposed and will enter into effect in all EU Member States on 13 January 2018. This Directive prohibits surcharging on payment cards covered by the EU Interchange Fee Regulation, meaning that surcharging will be prohibited on the vast majority of credit and debit cards held by consumers. Once the Directive...

Written Answers — Department of Finance: NAMA Legal Fees (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 130 and 199 together. The information sought by the Deputy, with regard to legal fees paid by NAMA, is set out in the following table for the period from 2010 to date. I am advised by NAMA that the figures do not include recoverable fees, i.e. legal fees that NAMA has incurred on behalf of debtors that are added to debtor loan balances. Having regard to the...

Written Answers — Department of Finance: Tax Collection Forecasts (26 Jul 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that estimates of the amount of additional duty that would be generated if the rate of betting tax was increased from 1% to 3% is available in the pre-Budget 2018 Ready Reckoner at: .  The additional revenue generated if the betting tax was increased to 5% would be €250 million on a straight line basis and assuming nothing else changes.

Written Answers — Department of Finance: Property Tax Yield (26 Jul 2017)

Paschal Donohoe: 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 question. The Urban Regeneration and Housing Act 2015  includes a new measure, the vacant site levy, which is aimed at incentivising the development of vacant, underutilised sites...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: General Government Gross Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. National Debt is effectively a domestic measure as it is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (26 Jul 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), an exemption from motor tax and a grant in respect of fuel, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities. To qualify for the Scheme an applicant must be in...

Written Answers — Department of Finance: Gross National Income (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 136 and 140 together. I am assuming the Deputy is referring to the ratio using the new national indicator published by the Central Statistics Office (CSO), so-called modified Gross National Income (GNI*).  This new measure of economic activity in Ireland is defined as GNI less the impact of re-domiciled companies and the...

Written Answers — Department of Finance: National Debt (26 Jul 2017)

Paschal Donohoe: As a result of the recently released National Income and Expenditure (NIE) results the 2016 GDP and GNI have undergone upward revisions compared to the estimates available at the time of compiling the 2017 Stability Programme Update (SPU). The updated ratios of Gross General Government Debt and Net General Government Debt are presented in the following table.  In addition the ratios are...