Results 12,061-12,080 of 32,547 for speaker:Paschal Donohoe

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Paschal Donohoe: I thank all colleagues for their contributions and will comment on the different points made. Deputy Michael McGrath is right in what he said in that there are now many other risks apart from the risk of a no-deal Brexit in 2019. What is most likely is that the risk of a no-deal Brexit is there but the timing of it has shifted. We can see from the events over the last day that as the new...

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Paschal Donohoe: I never said that.

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Paschal Donohoe: The Deputy is wrong.

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Paschal Donohoe: That is wrong.

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (17 Dec 2019)

Paschal Donohoe: I never said that.

Written Answers — Department of Finance: Real Estate Investment Trusts (17 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 to 111, inclusive, together. I am advised by Revenue that it is not possible to provide the information requested by the Deputy as the categories of purchaser mentioned (first time buyers, REITs, IREFs, section 110 companies and non-Irish residents) are not separately identified on Revenue’s Stamp Duty system. This is because there is no...

Written Answers — Department of Finance: Real Estate Investment Trusts (17 Dec 2019)

Paschal Donohoe: The Government monitors the actions of institutional investors in the Irish property market and has taken action when abuses have been identified. Action was taken in 2016 to address concerns about the use of section 110 and fund vehicles by foreign investors to take profits derived from Irish real estate without paying Irish tax. This resulted in the introduction of the IREF (Irish Real...

Written Answers — Department of Finance: Universal Social Charge Data (17 Dec 2019)

Paschal Donohoe: Based on the current rate and band structure of the Universal Social Charge (USC), it is projected that the USC will raise €3.9 billion in 2020. I am informed by Revenue that if the current structure of the USC was replaced with the rates and bands outlined by the Deputy, the estimated amount collected would be €230 million on a full year basis. This assumes that there would be...

Written Answers — Department of Finance: Film Industry Tax Reliefs (17 Dec 2019)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the...

Written Answers — Department of Finance: Motor Insurance Claims (17 Dec 2019)

Paschal Donohoe: As the Deputy is aware, the National Claims Information Database (NCID) is intended to facilitate a more in-depth analysis of annual trends in motor insurance claims.  This is seen as key to developing an understanding of how claims costs are impacting premiums, in particular understanding the relationship between the price paid by a customer for motor insurance and the cost to insurance...

Written Answers — Department of Finance: VAT Rebates (17 Dec 2019)

Paschal Donohoe: I am advised by Revenue that in accordance with the EU VAT Directive farmers may register for VAT or be treated as flat-rate farmers for VAT purposes. Farmers who elect to register for VAT have an entitlement to reclaim VAT on costs incurred in relation to the farm business; if they remain unregistered they are entitled to apply a flat-rate addition to their supplies to VAT registered...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (17 Dec 2019)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs to address gaps and potential failures in the Irish SME finance market as well as encouraging competition and innovation, and facilitating the efficient and effective use of EU resources and financial...

Written Answers — Department of Finance: Tax Data (17 Dec 2019)

Paschal Donohoe: I have assumed for the purposes of this question that the measure of income and gains to which the Deputy refers is adjusted trading profits before deduction of losses, capital allowances and other charges.  I am advised by Revenue that the yield from introducing a new charge of 0.1% on this measure of income and gains of companies, before all deductions and charges, is tentatively...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (17 Dec 2019)

Paschal Donohoe: I am advised by Revenue that its primary objective is to ensure that all taxpayers and businesses meet their tax obligations in a timely fashion and pay their liabilities as they fall due. This approach ensures that the Exchequer is funded to meet the needs of citizens and a ‘level playing field’ is maintained for the majority of taxpayers and businesses who are timely tax...

Written Answers — Department of Finance: Brexit Preparations (17 Dec 2019)

Paschal Donohoe: In September 2018, the Government granted approval in principle for the phased recruitment of an additional 600 Revenue staff to meet the challenges posed by Brexit.  Budget 2019 provided Revenue with the funding needed for 270 of the additional 600 staff to be recruited during 2019 to manage an orderly UK withdrawal from the EU. Following a Government decision in December 2018 to...

Written Answers — Department of Finance: Mortgage Arrears Rate (17 Dec 2019)

Paschal Donohoe: I have been informed by the Central Bank of Ireland (Central Bank) that it has not carried out work to assess the proportion of mortgage arrears cases in which relationship breakdown may be a factor as they do not collect such data. The Central Bank publishes data on Residential Mortgage Arrears and Repossession on a quarterly basis and the data is collected under the headings...

Written Answers — Department of Finance: Tax Data (17 Dec 2019)

Paschal Donohoe: I am advised by Revenue that the available data in tax returns is not sufficiently detailed to enable a calculation of the likely tax yield resulting from a levy on online digital advertising. Also, digital advertising taxes can potentially apply to companies not otherwise taxable in Ireland and Revenue does not hold relevant information in respect of such possible liable entities. For...

Written Answers — Department of Finance: Tax Code (17 Dec 2019)

Paschal Donohoe: The Deputy will be aware that Revenue brought to the attention of my Department that the business models and contractual arrangements in the poultry sector created the conditions for the generation of a systematic excess of flat-rate addition payments to farmers in the sector over their VAT input costs. Provision was made in the Finance Act 2016 for the exclusion from the flat-rate addition...

Written Answers — Department of Finance: Tax Code (17 Dec 2019)

Paschal Donohoe: It is established Government practice to use exemptions or incentives in the tax system in limited circumstances where there are demonstrable market failures and where a tax-based incentive is more efficient than a direct expenditure intervention. It is not clear that such is the situation in specific relation to teleconferencing equipment. That said, I am advised by Revenue that an...

Written Answers — Department of Finance: Revenue Commissioners Data (17 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 125 to 128, inclusive, together. Details of all suspect criminal cash which was detained at Dublin Port, Rosslare Port, Cork Airport and Shannon Airport on foot of Detention Orders granted by a Judge of the District Court are listed in tables 1 to 4 below. The detained cash is either returned to the claimant or forfeited to the State on foot of a Forfeiture...