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Written Answers — Department of Public Expenditure and Reform: Pharmaceutical Sector (10 Oct 2017)

Paschal Donohoe: Under Section 9 of the Financial Emergency Measures in the Public Interest Act 2009 (as amended), the power to vary fees paid to pharmacists and other health professionals is the responsibility in the first instance of my colleague the Minister for Health.

Written Answers — Department of Public Expenditure and Reform: Lobbying Data (10 Oct 2017)

Paschal Donohoe: Since March 2016, there have been seven Representations received from a number of organisations regarding the Public Health (Alcohol) Bill, as listed below: - Alcohol Health Alliance Ireland - Alcohol Beverage Federation of Ireland - Responsible Retailing of Alcohol in Ireland (RRAI) - three REPS received - Galway Health Cities Alcohol Forum - IBEC This correspondence was dealt with at...

Written Answers — Department of Public Expenditure and Reform: Arts Funding (10 Oct 2017)

Paschal Donohoe: Issues related to the Cork Event Centre are a matter for the Minister of Culture, Heritage and the Gaeltacht in the first instance. I have not had discussions or meetings with Cork City Council in relation to the project. 

Written Answers — Department of Finance: Help-To-Buy Scheme (4 Oct 2017)

Paschal Donohoe: I take it that the Deputy is referring to the possibility of a back-dating of eligibility for the Help-to-Buy Initiative (HTB) to before 19 July 2016. The commencement date for HTB was chosen as it was the date of the launch of 'Rebuilding Ireland - Action Plan for Housing and Homelessness', in which the development of such a scheme for inclusion in the Budget was...

Written Answers — Department of Finance: Mortgage Data (4 Oct 2017)

Paschal Donohoe: The Central Bank has advised that, while rate rectification is almost complete for the majority of impacted customers identified to date, the redress and compensation phase of the Tracker Mortgage Examination is ongoing. Lenders are continuing to determine the exact circumstances and the impact of their failures for each individual account. Therefore, the Central Bank has...

Written Answers — Department of Finance: Tax Code (4 Oct 2017)

Paschal Donohoe: I assume that the Deputy is referring to the €29.80 increase to certain social welfare benefits for a Qualified Child (IQC).  This is not a tax allowance but is a part of the social welfare benefit available to the individual. In 2017 the Increase for a Qualified Child is €29.80 per week. There is no generally available tax credit in respect of child dependants, but...

Written Answers — Department of Finance: Banking Operations (4 Oct 2017)

Paschal Donohoe: As the Deputy is aware, I have no role in the day-to-day management or financial reporting of any bank in which the State is a shareholder. Financial reporting obligations and accounting practices are matters solely for the Board and Management of each institution. Each of the SSM (Single Supervisory Mechanism) regulated institutions produces detailed, externally audited accounts in...

Written Answers — Department of Finance: Corporation Tax (4 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 91 and 92 together. I note the publication by the US administration and Congressional leaders of a framework providing additional detail on their proposals for US tax reform. While a reduction to the US corporate tax rate and a move to a territorial system are expected to be part of any legislative proposal building on this announcement, the...

Written Answers — Department of Finance: Help-To-Buy Scheme (4 Oct 2017)

Paschal Donohoe: As the Deputy will appreciate, with less than a week to go to Budget 2018, it would be inappropriate for me to comment at this point on what may or may not be contained in that Budget.

Written Answers — Department of Finance: Insurance Industry (4 Oct 2017)

Paschal Donohoe: The Competition and Consumer Protection Commission (CCPC) is the statutory independent body responsible for the enforcement of domestic and EU competition law in the State.  Section 9(5) of the Competition and Consumer Protection Act 2014 provides that the CCPC is independent in the performance of its functions, including carrying out investigations of alleged anti-competitive practices....

Written Answers — Department of Finance: Budget Submissions (4 Oct 2017)

Paschal Donohoe: My Department has so far received in the order of 370 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in the context of Budget and Finance Bill preparation. I can confirm that a submission from Aid Link has been received. However, as the Deputy will be aware, it is not the practice of the Minister for Finance to discuss...

Written Answers — Department of Finance: IBRC Liquidation (4 Oct 2017)

Paschal Donohoe: I am advised by the Special Liquidators of IBRC that the vast majority of assets remaining in the liquidation are tied to on-going litigation. For reasons of confidentiality and commercial sensitivity, the Special Liquidators cannot provide any further detail on these assets at this time. The Special Liquidators are committed to selling the remaining assets as quickly as is practical but...

Written Answers — Department of Finance: Budget Submissions (4 Oct 2017)

Paschal Donohoe: As the Deputy may be aware, I have received a number of pre-Budget submissions proposing changes to the operation of income averaging for the farming sector.  Consideration of specific proposals with regard to income tax measures relating to the farming sector remain ongoing in the context of Budget 2018 deliberations.

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (4 Oct 2017)

Paschal Donohoe: My Department in liaison with the Department of Justice & Equality is currently processing  this particular appeal application. It is expected that a decision will be made shortly on the appeal and this outcome will be conveyed to the  persons concerned by the Department of Justice & Equality.

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (4 Oct 2017)

Paschal Donohoe: Public procurement is the acquisition, whether under formal contract or not, of works, supplies and services by public bodies.  National rules governing public procurement must comply with the relevant EU, WTO and national legal requirements and obligations.  Under EU law, public contracts above a certain value must be advertised EU-wide and awarded to the most competitive tender in...

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (3 Oct 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and Vehicle Registration Tax, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. The...

Written Answers — Department of Finance: Tax Credits (3 Oct 2017)

Paschal Donohoe: The Earned Income Credit was introduced in Budget 2016 and then increased in Budget 2017.  The tax credit is available to taxpayers with active self-employed trading or professional income and to business owners or managers who do not have access to the PAYE credit on employment income from their business. The credit provides a significant benefit to small business-owners right...

Written Answers — Department of Finance: EU Directives (3 Oct 2017)

Paschal Donohoe: The Insurance Distribution Directive was published in the Official Journal of the European Union in February 2016 and must be transposed into Irish law by 23 February 2018. It will replace the Insurance Mediation Directive which was adopted in 2002 to regulate point of sale insurance products and will create a single market for the sale of insurance products. The Insurance Distribution...

Written Answers — Department of Finance: Universal Social Charge Application (3 Oct 2017)

Paschal Donohoe: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and maintain revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced and is applied at a low rate on a wide base. However, the base for USC does not include payments made by the...

Written Answers — Department of Finance: Financial Services Regulation (3 Oct 2017)

Paschal Donohoe: Under Part IIIC of the Central Bank Act 1942 (as amended) (“the Act”), the Central Bank may hold an inquiry to determine whether or not a financial service provider is committing or has committed a suspected prescribed contravention. The Central Bank may also hold an inquiry to determine whether or not a person concerned in the management of a regulated financial service...

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