Results 23,661-23,680 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 145 to 147, inclusive, 171 and 172 together. I am informed by Revenue that information in relation to yield received from Capital Acquisitions Tax, which includes Inheritance Tax, can be found on the statistics page of the Revenue website at . In addition, the tables at contains cost estimates and numbers claiming for a wide range of tax expenditures including...

Written Answers — Department of Finance: Mortgage Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 148 and 198 together. The Central Bank advises that there is no such regulated category as “sub-prime lender”.  However, Retail Credit Firms are authorised to provide credit, in the form of cash loans, directly to individuals and some firms authorised in this category provide housing loans.  Retail Credit Firms have been...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 149 and 150 together. As the Deputy is aware, for operational reasons the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC”) were originally divided into six portfolios: Evergreen, Rock, Salt, Sand/Pearl, Stone, Pebble. The Sand portfolio originally comprised 12,702 Irish originated...

Written Answers — Department of Finance: Banking Sector Data (13 Jul 2017)

Paschal Donohoe: The data requested by the Deputy is not retained in the Department of Finance. Officials have referred the question to the relevant banks and have received the following responses in this regard: AIB: “AIB has not appointed any rent receivers in 2017. The Bank appoints Fixed Asset Receivers with the purpose of selling the asset. Where the Power of Sale is not available, the...

Written Answers — Department of Finance: Credit Union Data (13 Jul 2017)

Paschal Donohoe: There are currently three funds in place which can be utilised under certain conditions to fund credit unions, two of which have been supported by public funding.  1. The Credit Institutions Resolution Fund (CIRF) The CIRF was established under Section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (2011 Act). The Government...

Written Answers — Department of Finance: Credit Union Data (13 Jul 2017)

Paschal Donohoe: The Credit Union Act 1997 (the 1997 Act) and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (which set out services exempt from additional services regulations) set out the services that a credit union may provide to its members. These include loans; savings; account access by phone; account access by internet; third party payments (including EFT); ATM services; bureau...

Written Answers — Department of Finance: EU Budget Contribution (13 Jul 2017)

Paschal Donohoe: As the Deputy will be aware and as outlined in the table below, Ireland became a net contributor to the EU budget in 2014. EU Budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics publication. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU...

Written Answers — Department of Finance: VAT Rate Reductions (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 155 and 156 together. I am advised by the Revenue commissioners that the information provided to Revenue on tax returns does not require traders to identify the yield generated from specific products or types of activities. Therefore there is no data available to Revenue on which to base an estimate the effect of changing the VAT rate on professional fees in...

Written Answers — Department of Finance: Property Tax Data (13 Jul 2017)

Paschal Donohoe: I am advised by Revenue that the estimated cost of allowing the Local Property Tax as an allowable expense for the purposes of rental income is in the region of €22 million. This estimate is calculated on the basis of Local Property Tax returns where it was indicated that a property was a non-principal private residence, and assumes that each taxpayer would have sufficient rental...

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (Number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I assume the Deputy is referring to development contributions as described under Section 48 of the Planning and Development Act of 2000 (number 30 of 2000). The amount  collected from such contributions and therefore the revenue foregone in the event of their abolition would be a matter for my colleague the Minister for Housing, Planning, Community and Local Government.

Written Answers — Department of Finance: Tax Code (13 Jul 2017)

Paschal Donohoe: The Help to Buy (HTB) incentive is an income tax based incentive available to the first time buyers of new homes or those who wish to build their own first home. The refund available under the incentive, while provided to developers in certain cases, is actually relief to the home purchaser to assist them in obtaining a deposit to put towards the cost of their new...

Written Answers — Department of Finance: Services for People with Disabilities (13 Jul 2017)

Paschal Donohoe: The Department is aware of it's obligations as set out in the Disability Act of 2005. In line with the legislation a Disability Liaison Officer (DLO) and Access Officers are in place within the Department.The contact details for these officers are available of the Department's website. = The Department works closely with the National Disability Authority (NDA)  in ensuring its...

Written Answers — Department of Finance: Departmental Expenditure (13 Jul 2017)

Paschal Donohoe: My Department does not make investments from its Vote other than the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Therefore, there were no investments by my Department during the period in question in County Louth and parts of east County Meath.

Written Answers — Department of Finance: Universal Social Charge Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 163 to 166, inclusive, together. I am advised by Revenue that the breakdown of the numbers of income earners at the different USC rates (including numbers of those exempt) from 2012 to 2014 is available at . The tax year 2014 is the most recent year for which complete tax returns data are available at present. However, I am further advised that the Revenue...

Written Answers — Department of Finance: Universal Social Charge Application (13 Jul 2017)

Paschal Donohoe: The 3% USC surcharge is payable on self-assessed income in excess of €100,000.  When the USC was introduced in 2011 it was accompanied by a series of other reform measures designed to simplify the tax system and widen the tax base in order to raise the revenues required at that time.   One of these measures was the removal of the €75,000 income ceiling for...

Written Answers — Department of Finance: Budget Submissions (13 Jul 2017)

Paschal Donohoe: In keeping with tradition, I do not propose to comment on Budget issues in advance of the forthcoming Budget.

Written Answers — Department of Finance: Tax Code (13 Jul 2017)

Paschal Donohoe: The Domicile Levy was introduced in the Finance Act 2010 to ensure that wealthy individuals make a contribution to the State during a time of economic and fiscal difficulty.  It applies to Irish domiciled individuals, wherever they are resident, who:  have a world-wide income greater than €1 million own Irish property greater than €5 million; and pay €200,000...

Written Answers — Department of Finance: Insurance Costs (13 Jul 2017)

Paschal Donohoe: This matter has been brought to my attention and was the subject of a Topical Issue discussion last week. In preparation for this discussion, my officials contacted Insurance Ireland who advised that livestock marts have significant exposure to injuries to employees and members of the public. This has resulted in claims occurring with a level of frequency which has led to a reduction in...

Written Answers — Department of Finance: Tax Reliefs Data (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 173 and 174 together. I am informed by Revenue that it is estimated the cost of reducing the Life Assurance Exit Tax rate from 41% to 39% and 37% would be in the order of €11 million and €22 million respectively. As the Deputy is aware, in Budget 2017 I announced that the rate of DIRT will be decreased by two percentage points each year for the...