Results 23,781-23,800 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Brexit Issues (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that the details of intergroup transfers of assets are not separately identified on the relevant tax returns. The Deputy may also be interested to note that, in the majority of situations, tax on capital gains realised by corporate entities is reported with and paid as part of their Corporation Tax liability. As such, there is no reliable basis upon which to...

Written Answers — Department of Finance: Brexit Issues (20 Jun 2017)

Paschal Donohoe: I am advised by Revenue that there is ongoing engagement with the business community through meetings with business/trade representative groups, attendance at various Brexit events throughout the country and at meetings of the Customs Consultative Committee (CCC), representing the logistics, import and export sectors. Up to the present, the engagement has been for the purpose of listening to...

Written Answers — Department of Finance: European Investment Bank Loans (20 Jun 2017)

Paschal Donohoe: From the outset, I should make absolutely clear that Ireland does not have, nor has sought, a precautionary lending plan from any international body.  The Deputy may be referring to references to a possible precautionary line of credit through the European Stability Mechanism (ESM) at the time of our exit from the EU-IMF Programme of Assistance at the end of 2013. Again,...

Written Answers — Department of Finance: Company Liquidations (20 Jun 2017)

Paschal Donohoe: The Liquidator for Setanta has informed me that there are currently 320 claims ready for settlement and listed for inclusion in the next application for payment from the ICF which will shortly be reviewed by the State Claims Agency.  These include both personal injury and damage claims, and associated legal costs where applicable. The range of values is as follows: Claim Range No. of...

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

Paschal Donohoe: I propose to take Questions Nos. 209 and 210 together. In July 2011, the State purchased 13,123m units of ordinary shares as part of Bank of Ireland’s rights issue. Each unit of stock cost 10 cent and the total cost to the State of this investment was €1,312m. At the time of participating in the rights issue, it was always the intention to on-sell a substantial portion of this...

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

Paschal Donohoe: I am advised by Revenue that the application for relief referred to was first refused, by letter dated 19 May 2016, as the company was deemed not to be a qualifying new venture, as required under section 493(1)(d) of the Taxes Consolidation Act 1997. The trade existed as a sole trader prior to being incorporated as a company.  This position was again notified to the company by letter...

Written Answers — Department of Finance: Trade Relations (20 Jun 2017)

Paschal Donohoe: I have been advised by the Department of Jobs, Enterprise and Innovation that Enterprise Ireland has organised several trade delegations to Iran in 2016 and 2017, as well as facilitating Enterprise Ireland client companies to explore the potential of the Iranian market. Enterprise Ireland will take these activities further next month (July) with a seminar on doing business in...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (20 Jun 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT, up to a certain limit, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Insurance Levy (20 Jun 2017)

Paschal Donohoe: The failure of Setanta Insurance and the uncertainty that followed over the compensation arrangements for claimants created doubts around the current insurance compensation framework which has now been clarified by the Supreme Court.  However, there has been a general view that consideration should be given to ensuring 100% third party payments in any future motor...

Written Answers — Department of Finance: Motor Insurance Coverage (20 Jun 2017)

Paschal Donohoe: 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 nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept.  This...

Written Answers — Department of Finance: Motor Insurance Coverage (20 Jun 2017)

Paschal Donohoe: 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 nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept.  This...

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

Paschal Donohoe: I am advised by Revenue that traders are not required to notify them of their prices or of any changes to their prices and that generally there is no legal basis for price controls in Ireland.  They have also informed me that they are well aware of claims that the interaction of the flat rate scheme for farmers and the normal VAT system can under certain circumstances be exploited to...

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

Paschal Donohoe: I propose to take Questions Nos. 218 to 222, inclusive, together. Mortgage interest relief is administered through the Tax Relief at Source (TRS) system. The relief is applied by the lenders based on information provided by Revenue, which is sourced from the borrower’s application. Revenue carries out regular compliance checks on the lenders to ensure correct operation of the...

Written Answers — Department of Finance: Revenue Commissioners Investigations (20 Jun 2017)

Paschal Donohoe: I propose to take Questions Nos. 223 to 225, inclusive, together. Revenue only refers outstanding tax liabilities to its enforcement agents, including Sheriffs, as a last resort. Before any such action is taken Revenue makes every effort to engage with the taxpayer and where possible will agree a mutually acceptable payment arrangement as an alternative. Revenue’s ongoing commitment in...

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

Paschal Donohoe: I propose to take Questions Nos. 226 and 229 together. My Department does not provide direct grants to support items of arts, heritage, cultural or regional importance. In relation to tax expenditures, the following measures are in place: 1. Section 195 of the Taxes Consolidation Act 1997 covers the exemption of certain earnings of writers, composers and artists (commonly known as the...

Written Answers — Department of Finance: Brexit Issues (20 Jun 2017)

Paschal Donohoe: On 2nd May, the Government published a comprehensive document on Ireland and the negotiations on the UK’s withdrawal from the European Union under Article 50 of the Treaty on European Union. This document sets out the approach of the Government to the forthcoming negotiations, following the successful campaign to have key Irish issues recognised in the EU negotiation position. ...

Written Answers — Department of Finance: Mortgage Schemes (20 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, the Code of Practice on the Transfer of Mortgages is a voluntary code which was issued by the Central Bank of Ireland in 1991 to institutions involved in mortgage credit.  The Code of Practice on the Transfer of Mortgages states that it applies to a loan secured by the mortgage of residential property.  For the purposes of this Code of Practice,...

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...