Results 24,161-24,180 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Property Sales (27 Jun 2017)

Paschal Donohoe: I am advised by NAMA that the asset to which the Deputy refers was one of numerous assets securing a loan portfolio which NAMA sold in 2016 following an open and competitive sales process. The Deputy will be aware that information relating to the valuation of specific assets and the value of the loans those assets secure is confidential and commercially sensitive...

Written Answers — Department of Finance: Corporation Tax (27 Jun 2017)

Paschal Donohoe: Efforts are continuing to seek Ireland’s removal from the Brazilian black list. A technical delegation from the Department of Finance and Revenue met with Brazilian officials in March 2017 to seek a resolution to this issue. Since March there has been continuing contact with the Brazilian authorities at official level.  My predecessor Minister Noonan also raised the issue...

Written Answers — Department of Finance: Tax Yield (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that the net amount collected in relation to the Deposit Interest Retention Tax (DIRT) in 2016 was €170 million. It was forecast, at the time of Budget 2017 that DIRT receipts will be in the order of €175 million in 2017.

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that the number of staff serving in my Department at 31 December 2016 was 290.30 (whole time equivalent).   There were also 11 staff in the Shareholding & Financial Advisory Division seconded into my Department from the NTMA. 

Written Answers — Department of Finance: Tax Code (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that only certain Irish and EEA funds (including both pension funds and investment funds) may receive distributions from IREFs without the operation of IREF withholding tax. A fund, whether Irish or EEA, can receive distributions gross provided: 1. The fund is not a fund which is under the control of its investors or anyone connected with its investors, and...

Written Answers — Department of Finance: Bank Charges (27 Jun 2017)

Paschal Donohoe: Under Section 149 of the Consumer Credit Act 1995 (as amended) (the Act) credit institutions are required to notify the Central Bank of Ireland (the Central Bank) if they wish to: - introduce any new customer ‘charge’ for providing a ‘service’; or - increase any existing customer ‘charge’ for providing a ‘service’. A credit institution...

Written Answers — Department of Finance: Motor Insurance (27 Jun 2017)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group, chaired by former Minister of State Eoghan Murphy T.D., finalised its Report on the Cost of Motor Insurance in December 2016 and it was published on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are clearly set out in an Action Plan. 45 of these action...

Written Answers — Department of Finance: Stability and Growth Pact (27 Jun 2017)

Paschal Donohoe: Compliance with the Stability and Growth Pact is assessed in annual, as opposed to quarterly, terms.  Since Ireland’s transition into the Preventive Arm of the Pact in 2016, fiscal policy has been, and will continue to be, shaped by the expenditure benchmark (EB) and balanced budget rule.  Ireland submitted its Draft Budgetary Plan (DBP) following the publication of...

Written Answers — Department of Finance: Mortgage Lending (27 Jun 2017)

Paschal Donohoe: The Central Bank have advised that when an individual(s) applies for a mortgage loan to buy a home, the individual(s) will generally be required to take out mortgage protection insurance. This is a particular type of life assurance taken out for the term of the mortgage and designed to pay it off on the death of the borrower or joint borrower.  It is an underwriting consideration...

Written Answers — Department of Finance: Capital Expenditure Programme (27 Jun 2017)

Paschal Donohoe: My Department has no capital projects and therefore no such projects were announced during the months in question.  The department has had some routine capital expenditure confined to the acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies.

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that the number of Clerical Officers in full time employment in my Department as of 31 May 2017 by county, is contained in the following table. Number of Full time Clerical Officers Location 19 Dublin 14  Offaly

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that 13 full time Clerical Officers in my Department have retired, resigned or been promoted between the period 1 January 2015 to 31 May 2017. See the following table. - Dublin Offaly Retired 2 Resigned 5 Promoted 4 2

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that 25 Clerical Officers were appointed to my Department between 1 January 2015 to 31 May 2017, all of whom commenced on a full time basis. See the following table. Number of Clerical Officer appointments 1 Jan 2015 – 31 May 2017 Location 21 Dublin 4 Offaly

Written Answers — Department of Finance: Departmental Staff Data (27 Jun 2017)

Paschal Donohoe: I wish to inform the Deputy that 18 temporary Clerical Officers were appointed to my Department between the period 1 January 2015 to 31 May 2017. Number Duration of appointment Location 1 26.01.2015 – 20.02.2015 Dublin 1 26.01.2015 – 06.03.2015 Dublin 5 26.01.2015 – 02.04.2015 Dublin 1 26.01.2015 – 08.05.2015 Dublin 2 26.01.2015 –...

Written Answers — Department of Finance: Tax Code (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that Irish Real Estate Funds (IREFs) must operate IREF withholding tax on the happening of certain taxable events.  This includes the cancellation, redemption or repurchase of units as a result of liquidation. The amount on which the IREF withholding tax is operated is the portion of any amounts so distributed which relate to Irish property profits.  Any...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (27 Jun 2017)

Paschal Donohoe: As the Deputy will be aware, the 2017 IFS 2020 Action Plan commits my Department to conduct a public consultation on the potential regulation of crowdfunding in Ireland, having regard to emerging international best practice and in the context of the EU Commission Action Plan on Building a Capital Markets Union. IFS 2020 is the Government’s five-year strategy for driving the growth...

Written Answers — Department of Finance: Credit Union Regulation (27 Jun 2017)

Paschal Donohoe: My role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Union Regulation (27 Jun 2017)

Paschal Donohoe: Credit unions operate under a not-for-profit mandate, have a community focus and a volunteer ethos. These are the distinctive features that set credit unions apart from other financial organisations. In line with its ethos, the Credit Union Act 1997 provides for a limitation of remuneration for specific posts within a credit union. This matter is governed by Section 68 of...

Written Answers — Department of Finance: Vehicle Registration (27 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...

Written Answers — Department of Finance: Tax Reliefs Data (27 Jun 2017)

Paschal Donohoe: I am advised by Revenue that a Costs of Tax Expenditures table is available on the Revenue Statistics webpage at . This table provides an annual breakdown of the cost to the Exchequer for the ‘Exempt Rental Income from Leasing of Farm Land' for the years 2009 to 2014, the latest year for which data are presently available. The table will be updated in due course as newer data become...