Results 23,501-23,520 of 33,392 for speaker:Paschal Donohoe

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

Paschal Donohoe: The yield from VRT in 2016 was €814 million.

Written Answers — Department of Finance: Central Bank of Ireland Transactions (26 Jul 2017)

Paschal Donohoe: The transaction reporting regime established under the EU Markets in Financial Instruments Directive obliges investment firms to report to competent authorities, relevant details of certain financial transactions they execute, including shares. The designated competent authority in Ireland is the Central Bank of Ireland and the details of the transaction reporting regime is set out in...

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

Paschal Donohoe: In Europe data is collected on derivative transactions in accordance with the requirements set out under Regulation (EU) No. 648/2012 or the European Markets Infrastructure Regulation (EMIR).  As required by EMIR, trade repositories were established to centrally collect and maintain the records of derivative transactions by EU counterparties. They...

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

Paschal Donohoe: I am informed that the Central Bank has access to data on transactions in derivatives reported by Irish counterparties to a trade repository under the provisions of Regulation 648/2012 on OTC Derivatives, Central Counterparties and Trade Repositories (“EMIR”). The Central Bank notes that concerns remain about the quality of this data.  Under law, the Central Bank is...

Written Answers — Department of Finance: Stamp Duty (26 Jul 2017)

Paschal Donohoe: I take it that the Deputy is referring to the stamp duty charged on the purchase of stocks and marketable securities of Irish incorporated companies. The following table sets out the receipts from this stamp duty for the years 2007-2016. Year Stamp Duty on stocks and marketable securities 2007 €609m 2008 €419m 2009 €208m 2010 €182m 2011...

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

Paschal Donohoe: The Central Bank calculates household net worth at an aggregate level as the sum of household housing and financial assets minus their liabilities. According to its most recent Quarterly Financial Accounts, as of Quarter 4 of 2016 household net worth stood at €654 billion. The breakdown is provided in the following table. Household Net Worth (€ billions) Date Financial...

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

Paschal Donohoe: I assume the Deputy’s question refers to the distribution of household net wealth (i.e. assets less liabilities). In 2013, the Central Statistics Office conducted the Household Finance and Consumption Survey (HFCS). This survey provided for the first time comprehensive data on household wealth in Ireland. The survey provides information on the ownership and values of different types...

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

Paschal Donohoe: I am informed by Revenue that as Corporation Tax returns do not require separate entry of information in respect of the tax foregone due to the use of section 110, it is not possible to provide the figures requested. However, the Deputy may wish to note that the estimated tax yield from the section 110 and funds changes introduced in the 2016 Finance Act were estimated at €50...

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

Paschal Donohoe: I propose to take Questions Nos. 174, 175 and 196 together. I am informed by Revenue that it is not possible to identify from tax returns data the amount of income and gains from international investment funds. For this reason it is not possible to provide the figures in the questions.

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

Paschal Donohoe: The most recent estimate for the National Debt (which should be noted is distinct from General Government Debt (GGD), the metric used for comparative purposes across the European Union) is published on the NTMA website. As of end-June 2017 the National Debt stood at €183.87bn.  The most recent estimate of the 2017 GGD was published by the Central Statistics Office in the...

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

Paschal Donohoe: As outlined in PQ number 224 of 13/07/2017 the most recent estimates of interest on National Debt for the years 2016-2021 were published in the 2017 Stability Programme Update (Table A3, page 51). The 2018 figure is reproduced as follows. - 2018 National Debt Cash Interest (€ billions) 6.3

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

Paschal Donohoe: I am informed by the National Treasury Management Agency that it has paid net cash interest in the amount of €3.6 billion  in respect of Ireland’s National Debt for the six-month period (January to end-June 2017)*. This figure includes net interest paid on long-term debt, other medium/long term debt, short-term debt, EU/IMF Programme Loans and State Savings products....

Written Answers — Department of Finance: Exchequer Revenue (26 Jul 2017)

Paschal Donohoe: The Summer Economic Statement published earlier this month contains the most recent fiscal forecasts and contains a projected Exchequer deficit of €2.2 billion for next year. This projection incorporates an unchanged assumption from April’s SPU of debt service interest of €6.3 billion. Accordingly, this provides a projected primary Exchequer surplus of €4.1...

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

Paschal Donohoe: The rate of stamp duty on commercial property is currently set at 2%. I am advised by Revenue that an increase of 4% would generate an estimated additional €376m in stamp duty revenue, bringing the total receipts from stamp duty on commercial property to an estimated €564m. The deputy may be interested to note that Revenue have recently published their Pre-Budget 2018...

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

Paschal Donohoe: I am informed by Revenue that a tax on second and subsequent non-family homes levied at €600 for the second homes and €1,000 on all subsequent properties would have an annual yield in the region of €229 million. This is based on those properties indicated to be non-principal primary residencies by their owners in their LPT returns.

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

Paschal Donohoe: Pages 105 to 107 of the 2016 Report on Tax Expenditures published by my Department include latest figures on the amounts of tax foregone in relation to private pension schemes. The report is available at the following link:

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

Paschal Donohoe: I am advised by Revenue that a pre-Budget 2018 Ready Reckoner is available on the Revenue Statistics web page at the link: . In relation to the Deputy's Questions, page 11 of this Ready Reckoner shows the estimated cost or yield from changing the ceiling on the annual earnings limit for determining maximum allowable contributions for pension purposes and also the cost of reducing the...

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

Paschal Donohoe: I propose to take Questions Nos. 184 and 185 together. The schemes relevant to the Deputy’s questions are the Special Assignee Relief Programme (SARP) (employees who qualify for SARP may receive tax relief on certain costs associated with the education of their children in the State) and the Charitable Donations to Approved Bodies scheme. It should be noted that, under SARP, only...

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

Paschal Donohoe: I am advised by Revenue that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2015 is available on the Revenue Statistics web page at . Data in respect of 2016 are not yet available as the bulk of 2016 Corporation Tax returns are not due to be filed until later in the year. I am advised that a breakdown of...

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

Paschal Donohoe: I am advised by Revenue that the Knowledge Development Box (“KDB”) was introduced with effect from 1 January 2016. The earliest Corporation Tax returns claiming the KDB would therefore be 2016 returns, the bulk of which are not due to be filed until later this year. When these returns have been filed and subsequently processed and analysed, Revenue will be in a position to...