Results 23,841-23,860 of 34,379 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Availability (24 Oct 2017)

Paschal Donohoe: The Deputy will be aware that in my role as Minister for Finance I have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. This includes decisions in relation...

Written Answers — Department of Finance: Home Repossessions (24 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 108 and 111 together. The Consumer Protection (Regulation of Credit Servicing) Act 2015 (“the 2015 Act”) was introduced in July 2015 to fill the consumer protection gap where loans are sold by the original lender to an unregulated firm. Credit Servicing Firms are typically firms that manage or administer credit agreements such as mortgages or...

Written Answers — Department of Finance: Housing Issues (24 Oct 2017)

Paschal Donohoe: As the Deputy will be aware, overall responsibility for housing policy rests in the first instance with the Minister for Housing, Planning, Community and Local Government. The Government is aware of the significant issues facing the housing market and it is committed to restoring the housing market to a sustainable equilibrium by seeking to increase the supply of housing to meet growing...

Written Answers — Department of Finance: Mortgage Interest Rates (24 Oct 2017)

Paschal Donohoe: There are a number of factors, such as differences in national legal and housing systems, cultural preferences, the proximity of lenders to borrowers, which will impact on the levels of interest rates in different countries. More directly, credit and market conditions, mortgage default rates and the funding of mortgage credit will also be relevant factors. However, there have been some...

Written Answers — Department of Public Expenditure and Reform: National Planning Framework (24 Oct 2017)

Paschal Donohoe: In relation to the National Planning Framework (NPF), the Department of Housing, Planning and Local Government undertook a broad public consultation earlier this year through a national campaign asking for views and opinions about making a plan for Ireland. I understand that thousands of submissions were received, reviewed and considered before a draft NPF was drawn up. The draft entitled...

Written Answers — Department of Public Expenditure and Reform: Budget 2018 (24 Oct 2017)

Paschal Donohoe: Table 7 on page 38 of Expenditure Report 2018 provides an estimate of €192 million in respect of the full-year impact of Budget 2018 current expenditure measures in the areas of Social Protection, Education and Justice. This has been reproduced in the following table. # Additional Cost in 2019 (€millions) Social Protection 110 Education 42 Justice 40 Total 192 As these...

Written Answers — Department of Public Expenditure and Reform: Election Expenditure (24 Oct 2017)

Paschal Donohoe: The cost of each election, including postal costs for each of the years 2014 to 2016 under the Post and Telegraphs Act 1983 as amended by the Communications Regulation (Postal Services) Act 2011 are set out in the attached table. There was no election event in 2017. The Government agreed an indicative timetable on 26 September 2017 for referendums to be held in 2018. These include a...

Written Answers — Department of Public Expenditure and Reform: Disability Act Employment Targets (24 Oct 2017)

Paschal Donohoe: Compliance with Section 47 of the Disability Act 2005 requires that, unless there is a good reason for not doing so, more than 3% of staff employed in public bodies, for which the relevant Minister is responsible, are people with a disability. As the Minister for Public Expenditure and Reform, I am the relevant Minister for staff employed in the Civil Service. The National Disability...

Written Answers — Department of Public Expenditure and Reform: Departmental Bodies Data (24 Oct 2017)

Paschal Donohoe: The Irish Government Economic and Evaluation Service (IGEES) is an integrated, cross-Government service that aims to support better policy formulation and implementation in the civil service through economic analysis and evaluation. It was established in 2012. As set out in its Medium Term Strategy out to 2019, the aim of the IGEES is to contribute to the better design and targeting of...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (24 Oct 2017)

Paschal Donohoe: My Department is currently engaged in a procurement process to establish a Single Supplier Framework Agreement for the provision of Nationwide Narrowband Secure Managed Digital Radio Network Services under a public procurement tender competition using the Competitive Procedure with Negotiation.

Written Answers — Department of Public Expenditure and Reform: State Properties (24 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 121 to 123, inclusive, together. The primary purpose of Section 28 of the State Property Act 1954 is to ensure that there is no gap in legal ownership of the assets of a dissolved company. Once a company is dissolved, its assets vest in the Minister for Public Expenditure and Reform. The vesting is automatic and does not require any intervention from the...

Written Answers — Department of Finance: Tax Code (19 Oct 2017)

Paschal Donohoe: The Office of the Revenue Commissioners is obliged to comply with its statutory tax and duty obligations. In so doing, it is required to apply any changes to tax or USC rates as passed by the Oireachtas. The question of Revenue applying rates other than those set out in statute does not therefore arise. On the topic of ring-fencing tax receipts, from a budgetary perspective any move to...

Written Answers — Department of Finance: Property Tax Yield (19 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 63 and 64 together. I am advised by Revenue that the cost of all claimed exemptions to Local Property Tax (LPT) is estimated to be €12.5m for 2017. The estimated cost associated with the exemptions that are due to expire in 2019 is €3.5m. These estimates include exemptions claimed in respect of properties purchased from a builder or...

Written Answers — Department of Finance: Budget Measures (19 Oct 2017)

Paschal Donohoe: I am advised by my officials that no ex-ante position has been requested from Eurostat from any of the entities referred. It is important to note that Home Building Finance Ireland ('HBFI') has been designed to provide funding to commercially viable developments at competitive market rates and as such both the entity and its activities are expected to satisfy the requirements of an...

Written Answers — Department of Finance: NAMA Operations (19 Oct 2017)

Paschal Donohoe: As announced in my Budget speech on 10 October 2017, it is my intention to establish Home Building Finance Ireland (HBFI) to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding.  HBFI will be a standalone entity which will provide funding directly into the market. HBFI will be designed to leverage...

Written Answers — Department of Finance: Stamp Duty (19 Oct 2017)

Paschal Donohoe: In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty rate applying under that scheme will be fixed at 1%....

Written Answers — Department of Finance: Bank Debt Restructuring (19 Oct 2017)

Paschal Donohoe: As the Deputy is aware, the relationship between the Minister for Finance and banks in which the State is a shareholder is governed by Relationship Frameworks, which can be found on my Department's website. In accordance with these Relationship Frameworks, I as Minister for Finance have no direct function in commercial decisions made by the banks, these decisions are...

Written Answers — Department of Finance: NAMA Loan Offers (19 Oct 2017)

Paschal Donohoe: I am advised by NAMA that its lending terms are in line with those available on the open market. The interest rates charged on loans advanced by the Agency typically comprise a margin over Euribor. Some facilities are by reference to the margin NAMA inherited from the participating institution. Typically however, the margin is determined by reference to the risk characteristics of each...

Written Answers — Department of Finance: Stamp Duty (18 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 86 and 89 together. In my Budget 2018 statement I announced an increase in the stamp duty rate for all non-residential property transactions, including agricultural land, from 2% to 6%. On the recommendation of the Minister for Agriculture, Food and the Marine I also extended consanguinity relief for another 3 years and provided that the stamp duty rate...

Written Answers — Department of Finance: Tax Code (18 Oct 2017)

Paschal Donohoe: I am advised by Revenue that section 86 of the Capital Acquisitions Tax Consolidation Act 2003 provides an exemption from capital acquisitions tax on the inheritance or gift of a dwelling house in certain circumstances. One of the qualifying conditions for the dwelling house exemption is that the beneficiary does not have an interest in another dwelling house when he or she claims the...