Results 7,321-7,340 of 32,527 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Civil Service (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 276 and 278 together. The Deputy will be aware of the requirements of standards and behaviour across the Civil Service in relation to the matters raised in her questions. I can confirm for the Deputy that comprehensive processes have been implemented in my own Department to promulgate these standards and behaviour which include: All staff of the Department...

Written Answers — Department of Finance: Official Engagements (2 Nov 2021)

Paschal Donohoe: The Shareholding and Financial Advisory Division within my Department have regular engagement with the banks in which the state has a shareholding. Likewise the Banking Policy Division also have regular engagement with the retail banks. Davy is on the Department's panel of advisers and therefore the Department is in regular contact with them on general market matters. As part of stakeholder...

Written Answers — Department of Finance: Electric Vehicles (2 Nov 2021)

Paschal Donohoe: In this year's Budget I announced an extension of the BIK exemption for electric vehicles to end 2025, with a tapering mechanism on the vehicle value threshold. The current BIK exemption will continue to apply to 31 December 2022 as currently provided for in the legislation. From 2023, the original market value (OMV) reduction for BIK purposes is progressively phased out until end 2025....

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: The Deputy will be aware that as Minister for Finance I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: I am advised by Revenue that no additional taxes are being applied to goods entering Ireland from other Member States so this cannot be the reason why any company would opt not to deliver their goods here. From 1 July 2021, significant changes came into force across the EU in the way VAT operates for cross border business-to-consumer (B2C) e-commerce activities. These changes apply in...

Written Answers — Department of Finance: Fuel Prices (2 Nov 2021)

Paschal Donohoe: The price of petrol and diesel is determined by a number of factors including taxation, the price of the raw materials, the prevailing exchange rates as well as the fact the different wholesalers can enter into forward contracts at different rates for the purchase of oil. The price of fuel on the forecourt is set by the individual retailer and would likely take into account the costs...

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: Public trust in the banking industry has been badly damaged in recent years, most notably by the tracker mortgage scandal. The Central Bank Tracker Mortgage Examination demonstrated significant consumer harm and failures by mortgage lenders. Over 41,000 customers have been identified as impacted by tracker failures by their lender and over €730m in redress and compensation has been...

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: With regards to the Deputy's question, officials from my Department reached out to the Central Bank of Ireland and received the following response: "The investigations into Bank of Ireland and AIB are ongoing and the Central Bank cannot comment on specifics of any ongoing investigations. As the investigations were commenced at different times, they will conclude on different timelines."

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: With regards to the Deputy's question, officials from my Department contacted the Central Bank of Ireland and received the following response: The Central Bank’s enforcement investigations and actions build on the Tracker Mortgage Examination, the largest and most complex consumer protection review the Central Bank has ever undertaken, and further demonstrate our commitment to our...

Written Answers — Department of Finance: Regeneration Projects (2 Nov 2021)

Paschal Donohoe: The Living City Initiative (LCI) was introduced in May 2015. The rented residential element of the LCI was introduced in 2017. The first year for which statistics were collected in respect of applications received is 2016. Under LCI, applications are made to the relevant Local Authority in respect of the owner-occupier and rented residential elements of the scheme; applications to the...

Written Answers — Department of Finance: Tax Code (2 Nov 2021)

Paschal Donohoe: VAT legislation in Ireland as set out in the VAT Consolidation Act, 2010 must comply with the EU VAT Directive. There is no scope in the EU VAT Directive to exempt supplies or services on the basis of charitable status. There is no provision in either European law or Irish VAT law to allow a zero-rating or exemption for supplies of this nature. In recognition of this issue, which...

Written Answers — Department of Finance: Tax Reliefs (2 Nov 2021)

Paschal Donohoe: Council Directive 92/83/EEC, also known as the “Alcohol Structures Directive”, lays down a harmonised approach for the application of excise duties on alcohol and alcoholic beverages in the EU. It sets out the categories of alcohol and alcoholic beverages that fall within scope of taxation and the basis on which excise duties on such products are to be established. Council...

Written Answers — Department of Finance: Credit Unions (2 Nov 2021)

Paschal Donohoe: On 18 September 2021 it was announced that two credit union backed funds had received regulatory approval from the Central Bank to lend to Approved Housing Bodies (AHBs) for the purposes of delivering social and affordable housing. These include the Credit Union Approved Housing Body Fund and the Credit Union Development Association (CUDA) backed Approved Housing Body Fund. Since 1...

Written Answers — Department of Finance: Film Industry (2 Nov 2021)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Written Answers — Department of Finance: Departmental Policies (2 Nov 2021)

Paschal Donohoe: Cryptocurrencies and their exchanges/platforms are not currently regulated and do not currently require an authorisation or licence from the Central Bank of Ireland. In April 2020 the Central Bank issued its to the European Commission public consultation on the Markets in Crypto-Assets, highlighting the views of the Central Bank on crypto-assets. Risks associated with certain...

Written Answers — Department of Finance: Departmental Contracts (2 Nov 2021)

Paschal Donohoe: Deputy, In relation to your question concerning existing contracts of an indefinite duration entered into prior to the enactment of the EU Procurement Directive, I wish to advise that my Department currently has four such contracts entered into prior to 26 February 2014. Details of these four contracts are tabled below: Supplier Name Description of service ...

Written Answers — Department of Finance: Public Sector Pay (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 293, 294, 295, 296 and 297 together. By way of background, I am advised by Revenue that the rationalisation and integration of General Service and Departmental Taxes grading structures in Revenue followed an extensive industrial relations negotiation and communications process more than 18 years ago, in the lead-up to Integration Day on 1 January 2003....

Written Answers — Department of Finance: Environmental Policy (2 Nov 2021)

Paschal Donohoe: As referred to in my reply to PQ No 368 on 19th October 2021 it is for the European Commission, under the provisions of the regulation on the EU Taxonomy for sustainable activities, to propose for adoption a complementary climate delegated act on activities not covered in the first delegated act, which itself is not yet adopted. This complementary act is expected to determine whether nuclear...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Nov 2021)

Paschal Donohoe: I am advised by the Minister for Enterprise, Trade and Employment that in situations where employers are genuinely unable to meet their financial obligations, due to Covid-19 or any other reason, in paying statutory redundancy to their employees due to financial difficulties or insolvency, the State can fund statutory redundancy payments from the Social Insurance Fund (SIF) on their behalf. ...

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch or ATM networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial...