Results 12,081-12,100 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: At the outset the Deputy should note that neither I, as Minister for Finance, nor the Central Bank can interfere in the provision or pricing of insurance products or have the power to direct insurance companies to provide cover to specific individuals or businesses. This position is reinforced by the EU framework for insurance (Solvency II Directive) which expressly prohibits Member States...

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

Paschal Donohoe: Section 156 of the Finance Local Property Tax Act 2012 (as amended) converted all arrears of Household Charge (HHC) that were outstanding on 1 July 2013 to Local Property Tax (LPT), increased the amount due to €200, and made Revenue responsible for collection. The administrative costs in respect of HHC are incorporated into the overall cost of administering LPT and are not...

Written Answers — Department of Finance: National Treasury Management Agency (17 Dec 2019)

Paschal Donohoe: The Fossil Fuel Divestment Act, 2018 (the Act) was signed into law by the President on 17 December 2018. The National Treasury Managment Agency (NTMA) has informed me that with effect from that date, it has endeavoured to ensure that the assets of ISIF are not directly invested in any undertaking that generates (or whose subsidiary undertaking generates) 20% or more of its turnover from the...

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

Paschal Donohoe: I am advised by Revenue that the overall cost associated with tax relief on health insurance for the years 2004 to 2017 is published in the Costs of Tax Expenditures table on Revenue’s website at: The relevant row is ‘Medical Insurance Relief’ and 2017 is the latest year for which data are available. The table shows that in 2017 the cost of Medical Insurance Relief was...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (17 Dec 2019)

Paschal Donohoe: The number of recipients, and associated tax cost, of the Help to Buy (HTB) scheme in 2020 and 2021 depends on a wide range of factors, such as market conditions, housing supply, amount of income tax paid in previous years by the applicants etc. It is therefore not possible to estimate the take-up in these years. On the basis of the projected outturn for 2019, my Department estimated...

Written Answers — Department of Finance: Credit Availability (17 Dec 2019)

Paschal Donohoe: Since the Credit Review Office (CRO) was established, in 2010, the Credit Reviewer has issued regular formal reports which contain details on the appeals processed. The reports can be found on the website www.creditreview.ie Details of the number of appeals for the period in question have been collated and presented in the following table, as requested. The Deputy may wish to note that, in...

Written Answers — Department of Finance: Credit Availability (17 Dec 2019)

Paschal Donohoe: The Central Bank of Ireland or the Department of Finance does not collate or publish loan level data for non-bank and bank finance providers in the State. However, my Department, closely monitors developments in the SME credit environment, including the application rates of SMEs, through its biannual SME Credit Demand Survey. This informative survey series can be accessed through the...

Written Answers — Department of Finance: Credit Availability (17 Dec 2019)

Paschal Donohoe: The Central Bank of Ireland or the Department of Finance does not collate and publish loan level data. However, my Department, closely monitors developments in the SME credit environment, including the level of SME applications for credit that required some form of collateral and the type of collateral sought by the bank, through its biannual SME Credit Demand Survey. This informative survey...

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

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) delivers effective financial supports to Irish SMEs that address failures in the Irish credit market, while driving competition and innovation and ensuring the efficient use of available EU resources. The SBCI achieves this aim through the provision of low cost liquidity and risk-sharing activities supporting the provision of appropriately...

Written Answers — Department of Finance: Ministerial Meetings (17 Dec 2019)

Paschal Donohoe: The information is as follows: BANK OFFICIAL DATE SBCI CEO 15/01/2019 KBC CEO & CHAIR 16/01/2019 AIB CEO & CHAIR 19/02/2019 PTSB CEO & CHAIR (BOARD MEETING) 26/03/2019 BANK OF IRELAND CEO &...

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

Paschal Donohoe: ‘Coal’ is defined in section 77 of the Finance Act 2010 as any fuel in solid form manufactured from coal falling within the EU customs classification Combined Nomenclature (CN code) 2701 or from lignite falling within the CN code 2702 or any energy product within the meaning of Article 2.1 of the Energy Tax Directive (2003/96/EC) in solid form. Solid Fuel Carbon Tax legislation...

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

Paschal Donohoe: I am advised by Revenue that any person starting an employment should provide his/her Personal Public Service Number (PPSN) to the new employer. The employer should then notify Revenue of the new employment and should request a Revenue Payroll Notification (RPN) on behalf of the employee. The RPN will confirm the correct tax credits, rate bands and Universal Social Charge (USC) rates to be...

Written Answers — Department of Finance: Home Building Finance Ireland (17 Dec 2019)

Paschal Donohoe: I am advised by Home Building Finance Ireland that their estimated staff costs to year end 2019 are €2.5 million. This cost is inclusive of employer pension cost and employer PRSI. The current headcount in Home Building Finance Ireland is 21.

Written Answers — Department of Finance: Home Building Finance Ireland (17 Dec 2019)

Paschal Donohoe: Home Building Finance Ireland ("HBFI") was provided with a funding facility of €750m consisting of €20m equity and a loan facility of €730m. In the first nine months of operation to 31stOctober 2019, HBFI approved facilities of €102m, enabling the delivery of 513 new homes. The full €730m is available to HBFI for lending and the amount approved each...

Written Answers — Department of Finance: Home Building Finance Ireland (17 Dec 2019)

Paschal Donohoe: Home Building Finance Ireland (HBFI) was established in late 2018 with debt and equity funding of up to €750 million made available by the Ireland Strategic Investment Fund (ISIF) to HBFI for the achievement of its purposes at the direction of the Minister for Finance.  HBFI has been classified within the general government sector by the Central Statistics Office. ...

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

Paschal Donohoe: I am advised by Revenue that a tentative estimate of the cost of introducing a 9% VAT rate specific to residential construction is in the region of €270m in the first year and €310 for a full year. This estimate is based on extrapolation from data held by Revenue, the Central Statistics Office and the Department of Housing, Planning and Local Government in relation to the...

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

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was published by my Department on Budget Day 2017.  Ten policy options were put forward in the report, divided into short-term, medium-term and long-term timeframes. Option 2 is for the introduction of Local Property Tax (LPT) deductibility for landlords. I am advised by Revenue that the...

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

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was published by my Department on Budget Day 2017.  Ten policy options were put forward in the report, divided into short-term, medium-term and long-term timeframes. Option 3 is to enhance loss relief for landlords (or a sub-set of landlords), to allow relief for rental losses against other income...