Results 5,161-5,180 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Veterinary Services (21 Sep 2022)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am advised by Revenue that professional membership fees are only deductible under section 114 TCA where they are incurred wholly, exclusively and necessarily by...

Written Answers — Department of Finance: Revenue Commissioners (21 Sep 2022)

Paschal Donohoe: I am advised by Revenue that in-person appointment services are being provided at the Revenue office at Assumption Road, Cork since 19 September 2022. This service allows customers to schedule an appointment at a time that suits them, eliminating queue waiting times that are a feature of any walk-in service. Appointments can be booked by calling the Appointment Helpline on 01 738 3660,...

Written Answers — Department of Finance: Exchequer Returns (21 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy that the following dividends were received from commercial semi-State companies from 2017 to date in 2022. Any dividends from Semi-State bodies received by the Exchequer form part of the overall revenue collected by the State. The policies relating to the payment of such dividends are detailed in the Instrument or Legislation which covers the formation of each...

Written Answers — Department of Finance: Exchequer Payments (21 Sep 2022)

Paschal Donohoe: These funds have not been transferred to the Exchequer as administrative fines do not get collected until they are confirmed by a Court and, if applicable, the appeals process is complete. As a result, an escrow facility is not necessary in this case.

Written Answers — Department of Finance: Banking Sector (21 Sep 2022)

Paschal Donohoe: It should be noted that the Minister for Finance has no direct function in the operations of commercial banks. Although the State is a shareholder in some of the banks operating in the State, the Minister must ensure that these banks are run on a commercial, cost effective and independent basis to protect the value of the bank as an asset to the State. Actions taken by the banks, including...

Written Answers — Department of Finance: Tax Code (21 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Code (21 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: I thank the Chairman for the opportunity to be here today to discuss matters relating to the banking sector in Ireland. The committee is aware of the many changes to our banking sector in recent years, driven by factors including advances in technology and changing consumer demand. We have also seen the exit of two key banks from the sector in Ireland, which has had and will continue to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: I thank the Deputy. As he has acknowledged, a significant degree of change is under way with regard to interest rate policy in the future. The European Central Bank, ECB, through its president and the chief economist, has indicated the kind of action it will consider in the future. If inflation in Ireland becomes a core part of our economy for years to come, it will make us even poorer for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: This is a decision that is made by central banks and regulators. The Central Bank of Ireland decides how much capital our banks hold and I will not give an indication on how an independent regulatory decision could be made. I know Deputy Richmond will understand why that is the case and why I have to take that course of comment. I am aware of all the commentary that has taken place on the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: We are seeing a larger amount of account closure and shifting in the aftermath of the decision by KBC Bank Ireland and the imminent exit of Ulster Bank. There are many encouraging signs now regarding the right level of switching activity taking place. In Bank of Ireland, AIB and Ulster Bank, in the first eight months of this year, we have now seen more than 600,000 new accounts being...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: We have an extensive amount of work under way regarding issues such as financial fraud and money laundering. We have a unit inside the Department of Justice that is involved in overseeing activity with regard to this issue. A unit within my own Department also looks at activity that is under way and monitors our progress in it. We have such a strategy in place. I am confident from the...