Results 1,021-1,040 of 9,090 for speaker:Jack Chambers

Written Answers — Department of Finance: Banking Sector (11 Jul 2024)

Jack Chambers: The Central Credit Register (CCR) is established by the Central Bank of Ireland under the Credit Reporting Act 2013 (the Act). The Act provides a threshold of reporting to the CCR of €500. It also provides that Credit Information Providers (CIPs) must enquire on the CCR when considering a credit application for €2,000 or greater and may enquire when considering credit...

Written Answers — Department of Finance: Credit Unions (11 Jul 2024)

Jack Chambers: The figures for Full Time Equivalents (FTE) staff in the Registry of Credit Unions (the Registry) in each of the years 2011 to 2024 are set out below. Year FTE 2011 (Dec) 39.8 2012 (Dec) 57.8 2013 (Dec) 57.8 2014 (Dec) 57.8 2015 (Dec) 58 ...

Written Answers — Department of Finance: Credit Unions (11 Jul 2024)

Jack Chambers: Credit unions are subject to minimum regulatory reserve requirements under Section 45 of the Credit Union Act, 1997 (the 1997 Act) and the Credit Union Act 1997 (Regulatory Requirements) 2016 (the 2016 Regulations). Regulation 4(1) of the 2016 Regulations provides that: Subject to paragraph (2), a credit union shall establish and maintain a minimum regulatory reserve requirement of at...

Written Answers — Department of Finance: Agriculture Schemes (11 Jul 2024)

Jack Chambers: I assume the Deputy is referring to the relief from Stamp Duty that is provided for by section 81AA of the Stamp Duties Consolidation Act 1999. Section 81AA provides for relief from Stamp Duty in respect of transfers of agricultural land to individuals who come within the definition of “young trained farmer” on the date the deed transferring the land is executed, subject to...

Written Answers — Department of Finance: Customs and Excise (11 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 163 to 166, inclusive, together. I am informed that Revenue has over 500 staff assigned across our ports and airports, working on a 24/7 basis where relevant. Such staff are involved in a range of trade facilitation and enforcement duties. Revenue’s approach involves the use of analytics and detection technologies and ensuring the optimum deployment...

Written Answers — Department of Finance: Banking Sector (11 Jul 2024)

Jack Chambers: I note the Deputy's query in relation to individual savings accounts and investments and whether any changes are being considered in this regard. Last year, on 6 April 2023, former Minister for Finance, Mr. Michael McGrath T.D. published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing...

Written Answers — Department of Finance: Credit Unions (11 Jul 2024)

Jack Chambers: I thank the Deputy for raising this issue with me. I am disappointed with the news that these branches are closing, and the impact this could have on the local communities of Kilsaran and Clogherhead in County Louth. However, as the Deputy is aware, as Minister for Finance, I have no legislative basis to intervene in any commercial decisions made by any credit union in the State. Such...

Written Answers — Department of Finance: Tax Code (11 Jul 2024)

Jack Chambers: Magazines are included within the term ‘periodicals’. This includes weekly magazines and sectoral publications covering sport, entertainment, fashion, health, etc. that are published regularly or occasionally. Point (6) of Annex III of the VAT Directive allows for the application of a reduced rate of VAT or zero-rate to periodicals, including magazines. However, the VAT...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: Good evening. I thank the committee for giving me the opportunity to attend this evening to discuss the summer economic statement which sets out the fiscal parameters-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: There are copies available, I believe.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: Is the Chair happy for me to continue?

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: First, I will briefly outline the economic and fiscal context for the budget. Over recent years, the economic backdrop has been defined by a series of successive external shocks. These shocks saw global supply chains upended, inflation surge to multi-decade highs and monetary policy rapidly tighten. One of the most important lessons we have learned from the past few years is that the world...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: In the projections as part of budget 2025, we set out the medium term. First, the fiscal framework and the general government surplus, which will be set out from there. That is as it occurs every year.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: They will be set out in the-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We set out the projections in the stability programme update in April on the surpluses beyond 2025. That is public information. We will set out further forecasts and projections as part of budget 2025. The most recent set of projections for the general Government balance, GGB, extend to 2027 and the intention is to publish projections out to 2030 in the budget this year.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We will set out our medium-term fiscal plan in the autumn. We will set out the projections to 2030 as part of budget 2025 and we previously set out the projections as part of the stability programme update in the spring.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: The Department produces projections of the GGB twice per year, in the SPU and in the budget publications. That is based on a survey of extensive bodies within the general Government sector. As the Deputy is aware, the most recent set of projections for the GGB extended out to 2027 and we will publish projections up to 2030.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: It will be updated as part of budget 2025.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: For next year, it will be just under €6 billion.