Results 5,361-5,380 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Fuel Prices (26 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 493, 494, 496, 522 and 529 together. Finance Act 1999 provides for the application of excise duty, in the form of Mineral Oil Tax (MOT), to specified mineral oils, such as petrol, diesel, and kerosene, that are used as motor or heating fuels. MOT is comprised of a non-carbon component and a carbon component. The carbon component is proportionate to the carbon...

Written Answers — Department of Finance: Departmental Staff (26 Apr 2022)

Paschal Donohoe: I can confirm that my Department does not facilitate internships for students in full or part-time further and higher education. A number of bodies under the aegis of my Department have advised the following: The Central Bank typically takes in forty students annually on its Internship Programme. The programme is usually undertaken by students in their second or penultimate year of...

Written Answers — Department of Finance: Departmental Data (26 Apr 2022)

Paschal Donohoe: The official numbers available on the level of gold reserves held in Ireland relate to the amount of gold reserves held by the Central Bank of Ireland. These are as follows; Quarter Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 ...

Written Answers — Department of Finance: Departmental Data (26 Apr 2022)

Paschal Donohoe: The NTMA have informed me that the  table below shows the national debt service cost for each year from 2011 to 2021. The figure for 2021 is a provisional outturn as per the end-December 2021 Exchequer Statement. National debt service is a combination of interest together with fees and operating expenses. The years 2011 – 2014 in the table below also include a Sinking Fund...

Written Answers — Department of Finance: Departmental Staff (26 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that secondment arrangements within the Department of Finance follow the guidelines set out by the Department of Public Expenditure and Reform's Secondment Policy for the Civil Service. This was outlined most recently in Circular 27-2021 which sets out the current arrangements for secondments between Civil Service organisations. This Secondment Policy also...

Written Answers — Department of Finance: Fuel Prices (26 Apr 2022)

Paschal Donohoe: Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended) and this Act provides for the application of excise...

Written Answers — Department of Finance: Question Heading for question(s) 501 (26 Apr 2022)

Paschal Donohoe: I propose to take Questions Nos. 501, 505 and 520 together. I wish to highlight, as Minister for Finance, I am precluded from intervening in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard, including decisions around a bank's loan offering, are the sole responsibility of the board and management of the banks...

Written Answers — Department of Finance: Primary Medical Certificates (26 Apr 2022)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief,...

Written Answers — Department of Finance: Tax Yield (26 Apr 2022)

Paschal Donohoe: My Department has, in recent years, worked with the Economic and Social Research Institute (ESRI), through a Joint Research Programme (JRP) to advance Ireland’s macroeconomic and fiscal analysis of climate change using the ESRI’s I3E model. Through the JRP, significant analysis has been undertaken regarding the economic and environmental impacts of the carbon tax, in...

Written Answers — Department of Finance: National Asset Management Agency (26 Apr 2022)

Paschal Donohoe: By virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to secured assets or confidential arrangements reached with debtors. While NAMA is legally constrained from providing detailed responses to the issues set out in the Deputy’s query, NAMA advises that assertions contained...

Written Answers — Department of Finance: Revenue Commissioners (26 Apr 2022)

Paschal Donohoe: I am advised by Revenue that all Revenue public offices, excluding ports, airports and trade facilitations stations remain closed to the public until further notice. Revenue continues to provide a full range of online services for taxpayers to manage their tax affairs, which for the most part removes any requirement to access public offices. These services, which include an online...

Written Answers — Department of Finance: Insurance Industry (26 Apr 2022)

Paschal Donohoe: In relation to the proposed ‘no-fault’ insurance systems in other jurisdictions, where the State pays compensation and/or the cost of rehabilitation while the public pays for this system through taxes, the Deputy should note that this has previously been examined by the Cost of Insurance Working Group. This concluded that the introduction of such a model into the State would...

Written Answers — Department of Finance: Electric Vehicles (26 Apr 2022)

Paschal Donohoe: At the outset, it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Vacant Properties (26 Apr 2022)

Paschal Donohoe: The Government’s strategy ‘Housing For All’ includes an action for my Department to collect data on vacancy with a view to introducing a Vacant Property Tax. The timeframe for delivery on this commitment is the second quarter of 2022.  The Finance (Local Property Tax) (Amendment) Act 2021 enabled Revenue to collect certain information in relation to the...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: The position is that Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for income tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. It should be noted that only expenses incurred in the provision of ‘health care’ will qualify for tax relief. Health care is defined as the “prevention,...

Written Answers — Department of Finance: Departmental Funding (26 Apr 2022)

Paschal Donohoe: I wish to advise the Deputy that my Department does not provide any funding to the organisation in question.

Written Answers — Department of Finance: Vehicle Registration Tax (26 Apr 2022)

Paschal Donohoe: I understand from Revenue that the application process for the de-registration of a vehicle and repayment of the associated Vehicle Registration Tax (VRT) continued to operate normally throughout the Covid-19 pandemic. As explained on the Revenue website, if there are exceptional circumstances, then a vehicle may be de-registered and the VRT repaid provided that the following conditions are...

Written Answers — Department of Finance: Credit Register (26 Apr 2022)

Paschal Donohoe: The Central Credit Register (CCR) was established by the Central Bank of Ireland under the Credit Reporting Act 2013 (the Act).  The purpose of the CCR is to ensure that credit providers will have access to the most accurate and up to-date information regarding a borrower’s total debt exposure when considering an application for credit or when an existing loan is being...

Written Answers — Department of Finance: Film Industry (26 Apr 2022)

Paschal Donohoe: I recently welcomed a significant investment into Ireland’s audio-visual industry as part of a press release issued by Hackman Capital Partners and the MBS Group in relation to their being selected to develop the new Greystones Media Campus. This two phased development is a joint venture with the Ireland Strategic Investment Fund (ISIF) and Capwell Property Partners. The co-investors...

Written Answers — Department of Finance: Revenue Commissioners (26 Apr 2022)

Paschal Donohoe: I am advised that Revenue are not currently experiencing any delays in the processing of Capital Acquisitions Tax (CAT) certificates where all relevant information is received at the time of application. In some instances, Revenue may request additional information in support of the application and any delay in responding to those requests may lead to a delay in the processing of the...