Results 23,761-23,780 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Operations (22 Jun 2017)

Paschal Donohoe: As Minister for Finance, I have a specific obligation to review and assess NAMA's activities under Section 227 of the NAMA Act.  The establishment of a Commission of Investigation does not alter this obligation, nor my intention to carry out such a review in due course. The Deputy will be aware that Department of Finance officials previously prepared a...

Written Answers — Department of Finance: Redundancy Payments (22 Jun 2017)

Paschal Donohoe: As the Deputy is aware the NAMA retention and redundancy scheme was established to help safeguard NAMA’s performance during an orderly wind-down and allow NAMA to fulfill its objective of maximising value for the State. For the benefit of those unfamiliar with NAMA's redundancy and retention scheme, the Secretary General of the Department of Finance provided a detailed note...

Written Answers — Department of Finance: National Treasury Management Agency (22 Jun 2017)

Paschal Donohoe: The National Treasury Management Agency have informed me that its record management policy applies to all of its records irrespective of their format. The NTMA’s records evidence the conduct of business and when considering retention periods, the content and context are the determining factors. Retention periods are set out in the policy, based on the nature of the records and any...

Written Answers — Department of Finance: Tax Code (22 Jun 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that the supply of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In accordance with the VAT Directive the consideration paid for a supply of goods is chargeable to VAT at the time of supply.  The supply of a new motor vehicle is liable to VAT at the standard rate, currently 23%. Under the...

Written Answers — Department of Finance: Departmental Contracts Data (22 Jun 2017)

Paschal Donohoe: The Department of Finance reports a cost of €492.00 for all work contracted out to external agencies or consultancies for work completed or investigations undertaken in human resources and industrial relations including hiring and interviewing of staff, disciplinary procedures and workplace related issues, for the year 2016. There is a nil value reported for 2015. The following is a...

Written Answers — Department of Finance: Banking Sector (22 Jun 2017)

Paschal Donohoe: 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 this time.

Written Answers — Department of Finance: Help-To-Buy Scheme (22 Jun 2017)

Paschal Donohoe: I assume the Deputy is referring to the Help to Buy Incentive introduced in Budget 2017. During the debates in the Oireachtas on the Finance Bill 2016, Minister Noonan agreed to commission an independent impact assessment on the effects of the Help to Buy tax incentive on the supply of new homes, house prices and the residential property market generally. Following a competitive tender...

Written Answers — Department of Finance: Financial Services Ombudsman (22 Jun 2017)

Paschal Donohoe: As the Deputy is aware, anyone wishing to engage in the business of moneylending requires a licence from the Central Bank in accordance with the Consumer Credit Act 1995 and this licence must be renewed every year. Although a number of firms have approached the Central Bank in relation to offering payday loans in the Irish market, the Central Bank has a robust licencing process in...

Written Answers — Department of Finance: Financial Services Sector (22 Jun 2017)

Paschal Donohoe: As the Deputy is aware it is not appropriate for me to comment on or become involved in an individual borrower's dispute with a financial service provider.  On the issue more generally, if a customer has made a formal complaint to the financial service provider in question and is not satisfied with the outcome, then the matter should be referred...

Written Answers — Department of Finance: Central Bank of Ireland (22 Jun 2017)

Paschal Donohoe: The Central Bank has a very wide and varied mandate as dictated by the statute of the European System of Central Banks, by the Supervisory EU Legal Acts and by the Central Bank Acts. The Bank does not have a promotional mandate, as a key component of a successful and attractive jurisdiction for the location of financial services activities is a strong and independent regulator with...

Written Answers — Department of Finance: Central Bank of Ireland (22 Jun 2017)

Paschal Donohoe: I am informed by the Central Bank that the total development cost of the new Central Bank building and moving staff to the Dockland Campus will be circa €140m (inclusive of VAT), in line with the budgeted figure. This figure includes all costs incurred on the project including site purchase, construction, furniture and fit out, IT, Security, Design Team, etc. I am also...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (22 Jun 2017)

Paschal Donohoe: In response to the Deputy’s question, the following table outlines the information sought in respect of bodies under the aegis of the Department: Organisation Monetary Value Public Appointments Service €157,823 * Institute of Public Administration €30,305 (to the end of 2016) Office of Public Works €3,918 * The Public Appointments...

Written Answers — Department of Finance: Banking Sector (21 Jun 2017)

Paschal Donohoe: I should stress at the outset that the Irish Government has no formal role in the commercial decisions of the banks as to their future business model and whether or not they will close particular branches. While I regret the closure of any bank branches, the Deputy will no doubt appreciate that the provision of services by banks, including the location of branches, is a commercial...

Written Answers — Department of Finance: Insurance Compensation Awards (21 Jun 2017)

Paschal Donohoe: The Cost of Insurance Working Group considered measures which could be taken to tackle insurance fraud in Ireland and recommended the setting up of a fully functioning insurance fraud database for industry to detect patterns of fraud.  A dedicated Working Group has been set up in the Department of Justice and Equality to implement this recommendation.  I understand that this Group...

Written Answers — Department of Finance: Help-To-Buy Scheme (21 Jun 2017)

Paschal Donohoe: The Deputy may be aware that it is a condition of the Help to Buy (HTB) Scheme that the contractor from whom an applicant under the scheme is purchasing their home must be approved by Revenue.  Subject to such approval, Revenue will be in a position to progress the application from the persons concerned.

Written Answers — Department of Finance: Tax Reliefs Availability (21 Jun 2017)

Paschal Donohoe: Relief from the payment of Vehicle Registration Tax (VRT) is provided for under the Finance Act 1992, s.134(1)(a) and Vehicle Registration Tax (Permanent Reliefs) Regulations 1993, Reg 4, (S.I. No. 59/93). In order to qualify for relief an applicant must meet a number of eligibility criteria including the possession and actual use of the vehicle outside the State for at least six months prior...

Written Answers — Department of Finance: Departmental Contracts Data (21 Jun 2017)

Paschal Donohoe: My Department is currently gathering the information for the Deputy and, once completed, will be sent to the Deputy directly.

Written Answers — Department of Finance: Corporation Tax (21 Jun 2017)

Paschal Donohoe: Notwithstanding the appeal in the Apple State Aid case, the Government is committed to complying with the binding legal obligation the Commission’s Final Decision places on Ireland to ensure that Apple are deprived of the benefit of the alleged aid. These sums will be placed into an escrow fund with the proceeds being released only when there has been a final determination in the...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts Data (21 Jun 2017)

Paschal Donohoe: In response to the Deputy’s question, the following tables outline the amount spent in the areas in question by my Department and the bodies under its aegis over the past three years. Department of Public Expenditure and Reform The costs incurred over the period were for training undertaken by staff in the Press Offices. Year Company Amount 2017 Public Relations Institute of...

Written Answers — Department of Finance: Customs and Excise Controls (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 203 and 204 together. The Government’s position in relation to the border with Northern Ireland in the context of Brexit is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a “hard” border, and protection of the Good Friday Agreement are key objectives for the...