Results 23,621-23,640 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry Regulation (28 Jun 2017)

Paschal Donohoe: It is my understanding, after seeking clarification, that the Deputy wishes to know if there is an intention to amend the Insurance Compensation Framework legislation (Insurance Act, 1964) to allow the claimants of Setanta to be compensated for 100% of the amounts due to them. At the outset you should note that my Department has been advised by the Liquidator that as of 20 June...

Written Answers — Department of Finance: Departmental Agencies Data (28 Jun 2017)

Paschal Donohoe: In response to the Deputy's question, I am advised that of the eighteen bodies under the aegis of my Department, ten have an up to date tax clearance certificate.  These bodies are the Office of the Comptroller & Auditor General, Central Bank, Financial Services Ombudsman Bureau, Irish Bank Resolution Corporation, Irish Fiscal Advisory Council, National...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jun 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...

Written Answers — Department of Finance: Insurance Coverage (28 Jun 2017)

Paschal Donohoe: I am not in a position to outline the specific reasons why companies may require such a limit on bicycle insurance.  As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial...

Written Answers — Department of Finance: Mortgage Schemes (28 Jun 2017)

Paschal Donohoe: The Central Bank has advised that, as part of its ongoing supervisory work, the Bank carried out some work in respect of ‘Lifetime’ loans in 2016. Based on information from lenders (which represented the majority of the market at a point in time in 2016), the Central Bank indicated that there were loans of approximately €640 million to approximately...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (28 Jun 2017)

Paschal Donohoe: My understanding is that the Deputy is referring to correspondence, dated 18 August 2015, from the then Governor of the Central Bank of Ireland, Patrick Honohan, to the then Minister for Finance, Michael Noonan TD, following a request under Section 6A of the Central Bank Act 1942.  I sought the views of the Central Bank on this matter and they have advised...

Written Answers — Department of Finance: Ministerial Staff (28 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that under the current Department of Public Expenditure & Reform guidelines on Ministerial Appointments my predecessor was entitled to the following supports: Permitted under DPER guidelines Number of staff assigned to the Minister Special Advisors – 2 Civilian Drivers – 2 Parliamentary Assistant – 1...

Written Answers — Department of Public Expenditure and Reform: Departmental Agencies Data (28 Jun 2017)

Paschal Donohoe: In response to the Deputy’s question, the Public Appointments Service, the Office of Public Works, the State Laboratory, the Office of the Ombudsman and the Regulator of the National Lottery are all tax compliant.  PAS and OPW have up to date tax clearance certificates.  The State Laboratory supply their customers with their tax numbers and access codes and the customer uses...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts Data (28 Jun 2017)

Paschal Donohoe: The management of the tendering process and the administration of the contract once awarded is a matter for each contracting authority. Public contract details, therefore, are held by the individual contracting authority concerned. This public procurement process is facilitated through the national eProcurement portal www.etenders.gov.ie which is managed by the Office of...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (28 Jun 2017)

Paschal Donohoe: The Department has published details of this matter on its website: Please find, in addition, the following table outlining the costs for those measures on which agreement was reached in the course of the recent negotiations and which will only fall to be payable should the Agreement be ratified later this year.  Measure Cost per annum The...

Written Answers — Department of Finance: Mortgage Lending (27 Jun 2017)

Paschal Donohoe: As the Deputy is aware, in February 2015 the Central Bank introduced regulations on residential mortgage lending which applied proportionate limits to mortgage lending by regulated financial services providers in the Irish market. The key objective of these regulations is to increase the resilience of the banking and household sectors to the property market and to reduce the risk of...

Written Answers — Department of Finance: Motor Insurance (27 Jun 2017)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group finalised its Report on the Cost of Motor Insurance in December 2016 and it was published on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are clearly set out in an Action Plan. 45 of these action points are due to be implemented by the end of this year...

Written Answers — Department of Finance: NAMA Property Sales (27 Jun 2017)

Paschal Donohoe: I am advised by NAMA that the asset to which the Deputy refers was one of numerous assets securing a loan portfolio which NAMA sold in 2016 following an open and competitive sales process. The Deputy will be aware that information relating to the valuation of specific assets and the value of the loans those assets secure is confidential and commercially sensitive...

Written Answers — Department of Finance: Corporation Tax (27 Jun 2017)

Paschal Donohoe: Efforts are continuing to seek Ireland’s removal from the Brazilian black list. A technical delegation from the Department of Finance and Revenue met with Brazilian officials in March 2017 to seek a resolution to this issue. Since March there has been continuing contact with the Brazilian authorities at official level.  My predecessor Minister Noonan also raised the issue...

Written Answers — Department of Finance: Tax Yield (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that the net amount collected in relation to the Deposit Interest Retention Tax (DIRT) in 2016 was €170 million. It was forecast, at the time of Budget 2017 that DIRT receipts will be in the order of €175 million in 2017.

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that the number of staff serving in my Department at 31 December 2016 was 290.30 (whole time equivalent).   There were also 11 staff in the Shareholding & Financial Advisory Division seconded into my Department from the NTMA. 

Written Answers — Department of Finance: Tax Code (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that only certain Irish and EEA funds (including both pension funds and investment funds) may receive distributions from IREFs without the operation of IREF withholding tax. A fund, whether Irish or EEA, can receive distributions gross provided: 1. The fund is not a fund which is under the control of its investors or anyone connected with its investors, and...

Written Answers — Department of Finance: Bank Charges (27 Jun 2017)

Paschal Donohoe: Under Section 149 of the Consumer Credit Act 1995 (as amended) (the Act) credit institutions are required to notify the Central Bank of Ireland (the Central Bank) if they wish to: - introduce any new customer ‘charge’ for providing a ‘service’; or - increase any existing customer ‘charge’ for providing a ‘service’. A credit institution...

Written Answers — Department of Finance: Motor Insurance (27 Jun 2017)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group, chaired by former Minister of State Eoghan Murphy T.D., finalised its Report on the Cost of Motor Insurance in December 2016 and it was published on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are clearly set out in an Action Plan. 45 of these action...

Written Answers — Department of Finance: Stability and Growth Pact (27 Jun 2017)

Paschal Donohoe: Compliance with the Stability and Growth Pact is assessed in annual, as opposed to quarterly, terms.  Since Ireland’s transition into the Preventive Arm of the Pact in 2016, fiscal policy has been, and will continue to be, shaped by the expenditure benchmark (EB) and balanced budget rule.  Ireland submitted its Draft Budgetary Plan (DBP) following the publication of...