Results 24,041-24,060 of 33,392 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Paschal Donohoe: This section provides that the Act may be cited as the Asian Infrastructure Investment Bank Act 2017. It also provides that section 3 regarding payments to the bank will come into operation on the day on which the State becomes a member of the bank.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Paschal Donohoe: The decision on becoming a member of the group was taken in early 2015. The Department's recommendation that the Minister join the bank was in the second half of last year when Second Stage of the Bill was taken.

Written Answers — Department of Finance: Brexit Negotiations (4 Jul 2017)

Paschal Donohoe: The Government’s position in relation to the border with Northern Ireland in the context of Brexit is very clear.  Continued freedom of movement, absence of an economic border, and protection of the Good Friday Agreement are key objectives for the Irish Government. The arrangements that will apply after Brexit will depend on the outcome of negotiations between the EU and UK....

Written Answers — Department of Finance: Property Tax Assessments (4 Jul 2017)

Paschal Donohoe: Local Property Tax (LPT) is a self-assessed tax, which places the onus on the property owner to calculate the tax due based on his/her calculation of the market value of the property. A property owner who subsequently considers the 2013 self-assessed valuation to be too high can apply directly to Revenue’s LPT Branch to have it amended downwards. The application must include...

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

Paschal Donohoe: My Department has received the charity’s pre-budget submission, which includes, as one of six housing-related recommendations, a proposal to link tax incentives for landlords to conditions such as greater security of tenure, longer tenancy agreements and higher quality of accommodation. This proposal will be considered as part of my deliberations for Budget 2018. As the Deputy may be...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (4 Jul 2017)

Paschal Donohoe: As the Deputy is aware, a Primary Medical Certificate is required to claim the tax reliefs provided under the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme.  The Senior Medical Officer for the relevant local Health Service Executive administrative area makes a professional clinical determination as to whether an individual applicant satisfies the medical criteria to...

Written Answers — Department of Finance: State Banking Sector (4 Jul 2017)

Paschal Donohoe: The sale of shares in AIB held by the Ireland Strategic Investment Fund does not result in a beneficial impact to the General Government Balance under the European System of Accounts 2010.  This is due to the fact that it is classified as a 'financial transaction' whereby it is essentially the exchange of one form of asset (shares, equities, loans) for another kind (cash)....

Written Answers — Department of Finance: Banking Sector Data (4 Jul 2017)

Paschal Donohoe: The information requested by the Deputy is not held in the Department of Finance. Officials have referred the question to the bank and have received the following response: "Permanent TSB has a requirement for legal support and advice on an ongoing basis across different parts of its business.  It manages some of this requirement through its in-house legal function, as well as...

Written Answers — Department of Finance: Tracker Mortgages Examination Data (4 Jul 2017)

Paschal Donohoe: As the Deputy will be aware, the Tracker Mortgage Examination Framework requires lenders to appoint an external independent party to oversee the conduct of their Examination. However, the Central Bank has advised that it is a matter for individual firms to disclose these and any other costs incurred by them in respect of the Tracker Mortgage Examination. In respect of the...

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 88 to 91, inclusive, together. As regards Questions 88 and 89, Approved Retirement Funds (ARFs) are investment vehicles into which the proceeds of the pension savings of the self-employed, business owners and any individual with Defined Contribution pension arrangements may be invested at retirement, subject to conditions. Beneficial ownership of the...

Written Answers — Department of Finance: Tax Collection (4 Jul 2017)

Paschal Donohoe: I am advised by Revenue that under what is termed as “new basis” business, all life assurance policy holders are taxed on a gross roll-up basis.  This means that the life assurance company is not subject to tax on its policy holder profits, but rather the policy holder is subject to exit tax on the happening of a chargeable event.  A chargeable event will occur: - on...

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

Paschal Donohoe: The Help to Buy incentive aims to both assist those first-time buyers struggling to save for the deposit required to purchase a home, as well as incentivising additional construction activity for the provision of extra housing supply. At Budget time it was estimated that the Help to Buy incentive would cost €40 million per annum but €50 million in 2017 due to the backdating of...

Written Answers — Department of Finance: Tax Rebates (4 Jul 2017)

Paschal Donohoe: I am advised by Revenue that a refund of tax for 2016 was made by direct credit to the nominated bank account of the authorised agent of the person concerned on 16 February, 2017.

Written Answers — Department of Finance: Tax Agreements (4 Jul 2017)

Paschal Donohoe: It is my policy to treat plans or negotiations for double taxation agreements as confidential until they are signed, at which point they are published on Revenue's website. This is a normal practice for most jurisdictions, which respects the confidential nature of the negotiation process. Ireland, along with all EU partners, adheres to the "One China" policy and as a result does not...

Written Answers — Department of Finance: VAT Rate Increases (4 Jul 2017)

Paschal Donohoe: I am informed by the Revenue Commissioners that it is tentatively estimated the additional yield from changing the rate of VAT on commercial construction to the standard rate would be in the region of €240m. As the information provided to Revenue on tax returns does not require traders to identify the yield generated from specific transactions or types of activities, this estimate...

Written Answers — Department of Finance: NAMA Operations (4 Jul 2017)

Paschal Donohoe: The pending implementation of the 2014 revised EU Audit Directive and Regulations underpinning the Deputy’s question was first brought to the attention of my officials in the Department of Finance in respect of the potential impact for NAMA in May 2016 by officials within the Department of Jobs, Enterprise and Innovation (DJEI) responsible for transposing this directive into Irish law....

Written Answers — Department of Finance: Tax Compliance (4 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 98 to 100, inclusive, together. I am assuming that the reference to the meeting with the Public Accounts Committee is in fact the meeting on Wednesday 7 December 2016 with the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach where Revenue participants discussed matters pertaining to the issue with that committee. I am not aware of...

Written Answers — Department of Finance: Central Bank of Ireland Staff (4 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 101 and 102 together. The Central Bank periodically has an informal exchange of views with the Department of Public Expenditure and Reform on the resourcing issues facing the public sector. I am informed by the Central Bank that while recruitment for positions across the Bank is challenging, and turnover in certain areas, including in Financial...

Written Answers — Department of Finance: Credit Union Regulation (4 Jul 2017)

Paschal Donohoe: Commitments identified in the Programme for a Partnership Government relating to credit unions and their progress are as follows: 1. The rollout and extension of the Personal Microcredit Scheme, which is providing simple microloans to members and helping to combat the use of moneylenders. The Personal Microcredit Scheme was commenced on a pilot basis in November 2015, involving 30 credit...

Written Answers — Department of Finance: Mortgage Interest Rates (4 Jul 2017)

Paschal Donohoe: The issue of mortgage rates is a significant one for this Government. The Government has initiated a number of important and practical initiatives which have the potential to improve the position of mortgage holders, including variable rate mortgage holders. Firstly the Government wishes to maintain and promote the level of competition in the supply of mortgage finance. To that end, the...