Results 23,521-23,540 of 33,392 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Central Bank has advised me that under Solvency I it published Insurance Statistics annually and the latest data available is for 2015.  In this regard, it has provided me with the following information on claims paid for total motor vehicle business for financial years 2011-2015 inclusive, which is detailed in Table 22 of the Insurance Statistics annual publication. This...

Written Answers — Department of Finance: VAT Rate Increases (26 Jul 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that the most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would result in extra revenue in the region of €491 million. Information on estimated costs of changes to all of the VAT rates can be found in the Pre-Budget 2018 Ready Reckoner on the Revenue Statistics webpage:

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

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

Paschal Donohoe: I am advised that, until recently, Revenue did not require rental income to be returned in a manner that would enable residential rental accommodation income to be separately identified from rental income in respect of other types of property, such as commercial rental property. It is not therefore possible to provide the annual cost in each of the years 2008 to 2016, and to date...

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

Paschal Donohoe: I propose to take Questions Nos. 192 to 194, inclusive, together. I am advised by Revenue that within the tax code there are a number of tax reliefs associated with property and land but not specifically for use by property developers or land owners.  The available statistics in relation to annual costs are on the Revenue website at . Updates will be published in due course as...

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

Paschal Donohoe: I am advised by Revenue that on the basis of information included in the Corporation Tax returns filed for the tax year 2015, the potential yield from imposing a 2% levy on the profits of private human health and pharmaceutical companies, including nursing homes and home care agencies, is tentatively estimated to be in the region of €200 million, with over 99% of this from the...

Written Answers — Department of Finance: Irish Strategic Investment Fund (26 Jul 2017)

Paschal Donohoe: I can inform the Deputy that the Ireland Strategic Investment Fund (ISIF) recently published an update on its economic impact and details of its investments in 140 Irish companies and projects. Detailed information relating to the Deputy’s request is publicly available on the ISIF website, .  The report includes a breakdown of employment for Dublin and also by province and...

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

Paschal Donohoe: I am advised that NAMA does not own properties. Rather its role is as a secured lender and the properties remain under the control of the debtor, or where enforcement has taken place, the appointed receiver/administrator. I am advised that from inception to May 2017, NAMA has spent over €73m on remediation works on property securing its loans. This funding has had the effect of...

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

Paschal Donohoe: The information sought by the Deputy, regarding funding for capital and current expenditure that has been advanced by NAMA to its debtors and receivers, is set out in the following table provided by NAMA for the period from 2010 to date. FUNDING BY YEAR Year 2010 2011 2012 2013 2014 2015 2016 2017 €'m 240 304 278 328 624 854 640 132

Written Answers — Department of Finance: Motor Insurance (26 Jul 2017)

Paschal Donohoe: The provisions of the Equal Status Acts 2000-2015 prohibit discrimination in the provision of goods and services, including insurance, on any of the nine main grounds listed in the Acts.  I am unable to comment further in respect of the applicability or otherwise of this legislation, which falls under the remit of the Minister for Justice and Equality, in respect of any particular...

Written Answers — Department of Finance: Tracker Mortgages Examination (26 Jul 2017)

Paschal Donohoe: The Central Bank has advised me that its Framework for conducting the Examination of Tracker mortgage related issues sets out requirements for lenders in terms of the ongoing query/complaints handling mechanism that should be put in place for customers i.e., - the lender is to establish a dedicated unit to deal with any queries, complaints, and/or concerns that customers may have during...

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

Paschal Donohoe: My Department engages in research on a wide variety of taxation-related topics and makes use of a variety of sources. As part of the Tax Strategy Group process, papers on various options for tax policy changes are prepared annually, these papers discuss options and issues to be considered in the Budgetary process. In line with the Government’s commitment to Budgetary reform,...

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

Paschal Donohoe: The reference rate and convergence margin for next year were set by the European Commission in its Spring forecast published in May of this year. The process by which these figures are arrived at are detailed in the 2017 Edition of the Vade Mecum on the Stability and Growth Pact as well as the documentation published by my Department (table A7) in October last year as part of the Budget...

Written Answers — Department of Finance: VAT Rate Increases (26 Jul 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that information on estimated costs of changes to all of the VAT rates can be found in the Pre-Budget 2018 Ready Reckoner on the Revenue Statistics webpage: The Revenue Reckoner details that the full-year cost of increasing the 9% VAT rate by 1% is estimated to be €109 million. Further increases can be estimated on a straight line...

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

Paschal Donohoe: I am informed by Revenue that the full year tax yield from equalising the tax on diesel with the tax on petrol is estimated at €337 million assuming no change in behavior.

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

Paschal Donohoe: My Department’s expenditure at the end of June was under profile by approximately €5m. The main reasons for this variance versus profile are underspends across administrative subheads. These include €0.5m on salary costs due to recruitment, which will take place later in the year than initially expected. Capital expenditure was under profile by...

Written Answers — Department of Finance: Public Interest Directors (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 210 and 211 together. Currently, there is one State nominated director on the board of each of AIB and BOI. As the deputy will be aware, the State has rights to appoint directors as a significant shareholder in the banks and not just public interest directors appointed under the guarantee schemes. The rights for the State...

Written Answers — Department of Finance: Budget Submissions (26 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 212 and 213 together. 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 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...

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

Paschal Donohoe: I wish to inform the Deputy that there are no staff in my Department that are suspended from work on full pay.

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

Paschal Donohoe: My Department’s expenditure at the end of June was under profile by approximately €5m. The main reasons for this variance versus profile are underspends across administrative subheads. These include €0.5m on salary costs due to recruitment, which will take place later in the year than initially expected. Capital expenditure was under profile by...