Results 23,541-23,560 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Pyrite Issues (4 Jul 2017)

Paschal Donohoe: I am advised by Revenue that statutory LPT return in 2013 did not require information in respect of pyrite damage below certification thresholds to be provided to Revenue and therefore the necessary data are not available to provide a basis for estimating the loss to the Exchequer from extending the pyrite exemption to such cases.

Written Answers — Department of Finance: Exports Growth (4 Jul 2017)

Paschal Donohoe: The report, 'A Future Tax Strategy to Grow Irish Indigenous Exports', commissioned by the Irish Tax Institute, has been examined by my officials in the Department of Finance. Among the concerns raised were that the R&D Tax Credit has a low take-up among SMEs and that there are barriers to the administration process. This was identified by a survey of SMEs for the report. The central...

Written Answers — Department of Finance: Mortgage Lending (4 Jul 2017)

Paschal Donohoe: The Deputy will be aware that I, as Minister, have no direct function in the relationship between PTSB and its customers. Commercial decisions taken by the bank around mortgage lending exemptions are a matter for the board and management of the bank. Notwithstanding the fact that the State is a shareholder in PTSB, I must ensure that the bank is run on a commercial, cost...

Written Answers — Department of Finance: EU Meetings (4 Jul 2017)

Paschal Donohoe: This Council, which took place in Luxembourg, was the last one under the Maltese Presidency and my first since my appointment as Minister for Finance. The first item on the agenda was a proposal for amending the Council Directives dealing with a reduced VAT rate for electronically supplied publications (e-Publications). This proposal is part of a project to modernise the VAT regime of the...

Written Answers — Department of Finance: Infrastructure and Capital Investment Programme (4 Jul 2017)

Paschal Donohoe: The 45 per cent debt-to-GDP target is currently under review and an update will be provided in the Summer Economic Statement to be published in July. Regarding infrastructure investment the Government has acknowledged the need for, and is conscious of the importance of, boosting the supply of critical infrastructure. The current Capital Plan sets a baseline from which the Government...

Written Answers — Department of Finance: European Banking Sector (4 Jul 2017)

Paschal Donohoe: In November 2016, as a Risk Reduction Measures (RRM) package, the European Commission proposed amendments to the following key pieces of legislation: - The Capital Requirements Regulation and Directive (CRR and CRD IV), which were adopted in 2013 and which provide the prudential requirements for institutions and rules on governance and supervision of institutions operating in Europe. ...

Written Answers — Department of Finance: State Banking Sector (4 Jul 2017)

Paschal Donohoe: As the Deputy will be aware, the State last week sold 25% of AIB's ordinary share capital at a price of €4.40 per share for consideration of almost €3 billion. The State also granted an additional over-allotment option over a further 3.75% of AIB's ordinary share capital as part of this transaction. Hence unless some of these shares are bought back in the market...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (4 Jul 2017)

Paschal Donohoe: As the Deputy will be aware, there are already significant Government measures to support the financing needs of SMEs and these will be available to assist SMEs deal with the effects of Brexit. These include the Supporting SMEs Online Tool, the Credit Review Office, the SBCI, the Microenterprise Loan Fund, Local Enterprise Offices and the Credit Guarantee Scheme. Government policy is...

Written Answers — Department of Finance: Credit Unions (4 Jul 2017)

Paschal Donohoe: The Credit Union Advisory Committee (CUAC) carried out a survey of credit unions and also a viability study of credit unions, both of which were published on the Department of Finance website on 19 May 2016. These were used to inform part of CUAC's work in reviewing the Implementation of the Recommendations set out in the Report of the Commission on Credit...

Written Answers — Department of Finance: Banking Sector (4 Jul 2017)

Paschal Donohoe: As the Deputy will be aware, the Programme for Government commits the Government to thoroughly investigating the Sparkassen model of local public banks that operate within well-defined regions in the context of the provision of finance to Irish SMEs. The Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs is the lead Department in respect of this commitment, with support from...

Written Answers — Department of Finance: Commercial Rates Impact (4 Jul 2017)

Paschal Donohoe: The valuations process is a matter for the Minister for Justice and Equality and commercial rates are a matter for the Minister for Housing, Planning, Community and Local Government.  As I do not have responsibility for either area, I am not in a position to comment on any link between the valuations process and commercial rates.

Written Answers — Department of Finance: Property Tax Administration (4 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the cost associated with establishing the Local Property Tax (including the arrears of Household Charge) and the ongoing annual costs are set out in the tables.  The figures provided cover the full cost of the development, including the self assessment valuation mechanism, and the cost of administration of LPT for each year. It includes all pay and non-pay...

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Paschal Donohoe: The Domicile Levy was introduced in the 2010 Finance Act and is payable on or before 31 October in the year following the valuation date on a self-assessment basis. For example, the due date in respect of 2015 was 31 October 2016. The valuation date is 31 December each year. The table sets out the number of persons who have filed Domicile Levy returns and the amount collected since...

Written Answers — Department of Finance: Tax Yield (4 Jul 2017)

Paschal Donohoe: The Deputy will be aware that my predecessor Minister Noonan covered this matter in a reply provided to the House on the 18th May this year. I am informed by Revenue that, as there are no statistics available to it in respect of the number of individuals who would come within the terms of the Deputy’s question, it is not possible to provide the estimate sought. However, Revenue...

Written Answers — Department of Finance: Stability and Growth Pact (4 Jul 2017)

Paschal Donohoe: As the Deputy is aware, the fiscal rules to which Ireland is subject have direct application through a number of EU regulations.  Changes to these regulations would have to follow the normal EU approach starting with a proposal from the Commission before consideration by Member States and the European Parliament. The issue of facilitating greater flexibility in the...

Written Answers — Department of Finance: Customs and Excise Controls (4 Jul 2017)

Paschal Donohoe: The Government’s position in relation to the border with Northern Ireland in the context of Brexit is very clear.  Continued freedom of movement, absence of a “hard” border, and protection of the Good Friday Agreement are key objectives for the Irish Government. The arrangements that will apply after Brexit will depend on the outcome of negotiations between the EU...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (4 Jul 2017)

Paschal Donohoe: The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was published in October 2016 and discussed at the November 2016 ECOFIN meeting where initial impressions of the proposal were exchanged.  That meeting was attended by my predecessor Minister Noonan. At the December 2016 ECOFIN, Council Conclusions were approved in respect of the Commission's...

Written Answers — Department of Finance: Insurance Costs (4 Jul 2017)

Paschal Donohoe: My predecessor as Minister for Finance, Michael Noonan T.D., established the Cost of Insurance Working Group in 2016 in consultation with the Central Bank and other Departments and Agencies. The initial focus of the Working Group was the issue of rising motor insurance and its Report on the Cost of Motor Insurance was published in January 2017.  The Report makes 33...

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 132 to 137, inclusive, together. The personal tax system is comprised of two charges, income tax and USC, each of which has a different tax base.  For the purposes of income tax, Revenue records incomes at tax unit level (married persons or civil partners who have elected or who have been deemed to have elected for joint assessment are counted as one tax...

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Paschal Donohoe: I am informed by Revenue that a tax receipts by sector table is available on the Revenue Statistics website at: . This table provides the annual net receipts for PAYE, self employed Income Tax and Corporation Tax, as well other taxes, and is broken down across the various sectors for the years 2011 – 2016. I am further informed by Revenue that RCT is a withholding tax that applies to...