Results 23,701-23,720 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Operations (20 Jun 2017)

Paschal Donohoe: As I stated in response to the Deputy's previous PQ, I have no role in the day-to-day management or financial reporting of any bank in which the State is a shareholder. The financial reporting obligations, accounting practices and publication of financial results are matters solely for the Board and Management of each institution. The International Accounting Standard that the...

Written Answers — Department of Finance: Stamp Duty (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that a lease for property is subject to Stamp Duty on both the premium and the rent.  The rate of duty on the premium for all residential leases mirrors the rate applicable to conveyances for residential property, for the years in question this being 1% on the first €1 million, and 2% on any excess over €1 million.  The rate on the average...

Written Answers — Department of Finance: Legislative Measures (20 Jun 2017)

Paschal Donohoe: I am informed that the only provision for which EU approval is outstanding is relief for certain leases of farmland found in section 81D SDCA 1999, which was introduced by section 74 Finance Act 2014.  The Department of Agriculture, Food and the Marine are liaising with the European Commission’s Directorate-General for Agriculture and Rural Development (DG Agri) in respect of...

Written Answers — Department of Finance: Tax Code (20 Jun 2017)

Paschal Donohoe: I understand the question refers to a working paper entitled 'Study on Structures of Aggressive Tax Planning and Indicators' that was prepared by consultants and published by the European Commission in December 2015.  The Study highlights features of the tax regimes in each EU Member State that, in the view of the authors, could potentially be indicators of aggressive tax planning....

Written Answers — Department of Finance: Tax Code (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 234, 237, 238, 285 and 286 together. I am advised by the Revenue Commissioners that under Irish tax law, non-resident companies are chargeable to Irish corporation tax only on the profits attributable to their Irish branches. The profits of non-resident companies that are not generated by their Irish branches – such as profits from technology, design...

Written Answers — Department of Finance: Pensions Data (20 Jun 2017)

Paschal Donohoe: Of the eighteen bodies under the aegis of my Department, I have been advised that in eight bodies, there are no pension contributions made by public sector workers including the pension levy in the years requested. These are the Comptroller and Auditor General, the Credit Union Advisory Committee, the Disabled Drivers Medical Board of Appeal, the Financial Services Ombudsman Council, the...

Written Answers — Department of Finance: Tax Clearance Certificates (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that they are awaiting a response to their letter of 19 April 2017 to the agents in the matter. Once the information sought is provided then the matter can be progressed by Revenue.

Written Answers — Department of Finance: Central Bank of Ireland Reports (20 Jun 2017)

Paschal Donohoe: The Statistics Division of the Central Bank provides embargoed statistical publications on mortgage arrears, ‘Residential Mortgage Arrears and Repossessions Statistics’, and SME lending, ‘Trends in Business Credit and Deposits’ pre-publication to the Department of Finance on request. These publications are provided on an embargoed basis as my Department...

Written Answers — Department of Finance: Property Tax Administration (20 Jun 2017)

Paschal Donohoe: The concept of a ‘de minimis’ welfare payment from the Department of Social Protection (DSP) is enshrined in social welfare legislation. The current ‘de minimis’ threshold is set at €191 per week and Revenue has no authority to arrange Local Property Tax (LPT) deductions that reduce a person’s payment below this amount.  In cases where LPT...

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Jun 2017)

Paschal Donohoe: Where an Irish REIT gives shares in that company as remuneration to its employees, the shares are taxable as perquisites under section 112 of the Taxes Consolidation Act, 1997 and they are treated the same as shares in any company that are awarded or given to its employees. The shares are also liable to USC and employee PRSI. Where an employer awards shares to an employee free or at a...

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 242 and 243 together. I am advised by Revenue that if a non-resident shareholder disposes of his or her shares in an Irish REIT, there is no charge to capital gains tax in accordance with section 29 Taxes Consolidation Act (TCA) 1997. Typically, non-resident persons are chargeable to capital gains tax on disposals of relevant assets. Those assets...

Written Answers — Department of Finance: Tax Yield (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that the following table sets out the total first and full year yields to the Exchequer in the manner outlined by the Deputy including the tapering at a rate of 2% per €1,000 of the PAYE, EIC and Personal Credits for all income earners whose income is between €100,000 and €150,000 per year resulting in no entitlement to these tax credits when...

Written Answers — Department of Finance: Disability Act Employment Targets (20 Jun 2017)

Paschal Donohoe: The Disability Act 2005 sets out the legal obligations of public service bodies and includes: - the promotion and support of the employment of people with disabilities - compliance with any statutory Code of Practice - meeting the target of 3% of employing people with disabilities and - reporting annually on the achievement of these obligations. The Department of Finance adheres to...

Written Answers — Department of Finance: NAMA Debtor Agreements (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 246 to 248, inclusive, together. The Deputy will be aware that NAMA is required, under Section 10 of the NAMA Act 2009, to obtain the best financial return from its acquired loans. Among the measures adopted to achieve this statutory objective, NAMA enters into arrangements with some co-operative debtors which involve measures to motivate debtors to...

Written Answers — Department of Finance: Tax Agreements (20 Jun 2017)

Paschal Donohoe: I understand the question refers to a working paper that was prepared by consultants and published by the European Commission in December 2015.  The Study highlights features of the tax regimes in each EU Member State that, in the view of the authors, could potentially be indicators of aggressive tax planning. The agreed international approach to tackling aggressive tax planning is...

Written Answers — Department of Finance: Tax Credits (20 Jun 2017)

Paschal Donohoe: I assume the Deputy is referring to the Home Carer Tax Credit. I am advised by Revenue that in 2014, the most recent year for which figures are available, the maximum amount of home carer tax credit available was €810 and the overall cost to the Exchequer for this credit was an estimated €60.9 million, in respect of 80,900 recipients. The Deputy will be aware that the home carer...

Written Answers — Department of Finance: Financial Services Regulation (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 251 to 254, inclusive, together. I am aware of the matters relating to certain property investment funds that the Deputy has raised, which my officials will continue to monitor. However, as litigation relating to a number of funds, including those identified by the Deputy, are currently before the courts, it would be inappropriate for me to comment at...

Written Answers — Department of Finance: Private Rented Accommodation (20 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, the Strategy for the Rental Sector, published by the Department of Housing, Planning, Community and Local Government in December 2016, committed to the establishment of a working group in early 2017 to examine and report on the tax treatment of landlords (or rental accommodation providers), and to put forward options, where appropriate, for amendments to such...

Written Answers — Department of Finance: VAT Rate Reductions (20 Jun 2017)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. While most economic activity is subject to the standard VAT rate of 23%, construction services already avail of the reduced VAT rate of 13.5%.  Ireland has historically applied the 13.5% reduced rate of VAT to all construction services under a derogation from the EU VAT Directive.   The...

Written Answers — Department of Finance: VAT Rate Reductions (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 257, 287 and 288 together. The VAT rating of goods and services is subject to EU VAT law, primarily Council Directive 2006/112/EC, with which Irish VAT law must comply. The VAT Directive provides that Member States must apply a standard VAT rate at no lower than 15% and may apply two reduced rates between 5% and 15% to certain goods and services as listed...