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Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (5 Dec 2019)

Paschal Donohoe: I regret it was not possible to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Corporation Tax (5 Dec 2019)

Paschal Donohoe: The total amount recovered from Apple in respect of alleged state aid and placed in an Escrow Fund was €14,285 billion which is the principal and relevant EU interest. Annual accounts for the Escrow Fund are compiled and audited by the Office of the Comptroller and Auditor General. The latest publicly available set of accounts are for 2018 and show that as at 31 December 2018, the...

Written Answers — Department of Finance: Departmental Staff Data (5 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. I wish to inform the Deputy that with regard to any vacancies in the Department of Finance, the Department is committed to the Civil Service Workforce Planning process and has a robust Recruitment and Selection policy which feeds into an ongoing Resource Review conducted and directed by the Executive Board. This process identifies on a case...

Written Answers — Department of Finance: Banking Sector (5 Dec 2019)

Paschal Donohoe: As the Deputy will be aware, the Senior Executive Accountability Regime (SEAR) is a key element of the planned Central Bank (Amendment) Bill. My officials continue to work on this complex piece of legislation as the Bill's provisions must provide for an Individual Accountability Framework on the basis of sound principles so as to drive a better culture in the banking sector and wider...

Written Answers — Department of Finance: Central Bank of Ireland Data (5 Dec 2019)

Paschal Donohoe: I am informed by the Central Bank that it has 86 open roles as at the end of November, which are at varying stages of the recruitment process. The average time to hire is currently nine weeks. I refer the Deputy to the following table which provides a full breakdown of active vacancies by Pillar and Directorate. Pillar name Directorate # Active Vacancies ...

Written Answers — Department of Finance: Central Bank of Ireland Data (5 Dec 2019)

Paschal Donohoe: The Central Bank informs me that as a general point, the Bank cannot comment on regulatory relationships or applications for authorisation. The Central Bank is committed to providing a clear, open and transparent authorisation process while ensuring a rigorous assessment of the applicable regulatory standards. To support this, on a semi-annual basis, the Central Bank publishes a Regulatory...

Written Answers — Department of Finance: Central Bank of Ireland Data (5 Dec 2019)

Paschal Donohoe: The Central Bank cannot comment publicly on individual regulatory relationships or the applications for authorisation of specific firms. Information relating to the number of applications that have been processed by the Central Bank is published on its website, available at: The Central Bank publishes Regulatory Service Standards Performance reports twice a year. The H1 2019 report is...

Written Answers — Department of Finance: Revenue Commissioners Data (5 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 70 and 74 together. I am advised by Revenue that its Vote for 2019 provides for a Whole Time Equivalent (WTE) staff complement of 6,384, this includes funding for 270 of the additional 600 staff that Revenue had determined would be required on a phased basis in the period up to the end of December 2020, for an orderly Brexit including a transition period for...

Written Answers — Department of Finance: Tax Appeals Commission (5 Dec 2019)

Paschal Donohoe: There has been a significant increase in staffing at the Tax Appeals Commission (TAC) since its establishment in March 2016, increasing from 2 Commissioners and 5 administrative staff at end 2016 to 5 Commissioners and 22 administrative staff in 2019 This increase in staffing follows in large part from an independent review of the workload and operations of the Tax Appeals Commission that I...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (5 Dec 2019)

Paschal Donohoe: In December 2018 the Financial Services and pensions Ombudsman (FSPO) submitted a Workforce Plan for the period 2019 to 2023 to my Department, which included an objective analysis of the level of resources currently available to the FSPO against both current and future demand for its services. The Workforce Plan aims to address the large existing caseload which the Office inherited on 01...

Written Answers — Department of Finance: Central Bank of Ireland Data (5 Dec 2019)

Paschal Donohoe: Details on the number of persons employed by the Central Bank in each month since the start of 2016 by functional area have been provided by the Bank in the following spreadsheet in response to the Deputy's question. ">Employee Numbers

Written Answers — Department of Finance: Tax Appeals Commission (5 Dec 2019)

Paschal Donohoe: The Tax Appeals Commission (TAC) was established on 21stMarch 2016, taking over from the former Office of the Appeal Commissioners. Since its establishment, staffing at the Commission has grown from two Commissioners and four administrative staff, to five Commissioners and twenty three administrative staff at various grades as of end-October 2019. The following tables provide details of the...

Written Answers — Department of Finance: NAMA Accounts (5 Dec 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA revised its projected surplus to be returned to the State to €4 billion, subject to prevailing market conditions. This figure was reaffirmed in the Section 53 Annual Statement 2020 which was laid before the Houses of the Oireachtas in October 2019. The realisation of the surplus depends on the success of NAMA’s ongoing deleveraging and...

Written Answers — Department of Finance: Revenue Commissioners Data (5 Dec 2019)

Paschal Donohoe: I propose to take Questions Nos. 77 and 78 together. I am advised by Revenue that the annual cost of the Research and Development (R&D) tax credit and the number of companies that availed of it for years up to 2017, the most recent year for which data is available, is published on the Revenue website at the following link: . The available information in respect of multinational and...

Written Answers — Department of Finance: Tax Reliefs Data (5 Dec 2019)

Paschal Donohoe: I assume the Deputy is referring to Capital Gains Tax Entrepreneur Relief provided for in section 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the number of claims and the cost of this Relief for 2016 to 2017 are published at the following link on Revenue's website: . I am also informed by Revenue that 2017 is the most recent year for which data are available in...

Written Answers — Department of Finance: Revenue Commissioners Data (5 Dec 2019)

Paschal Donohoe: I am informed by Revenue that the annual cost of the Special Assignee Relief Programme (SARP) for 2012 to 2017 (the most recent year for which data are available) is as follows: Year €m 2012 0.1 2013 1.9 2014 5.9 2015 9.5 2016 18.1 2017...

Written Answers — Department of Finance: Revenue Commissioners Data (5 Dec 2019)

Paschal Donohoe: Revenue advise me that the Foreign Earnings Deduction (FED) is an allowance applied for by employees through their own tax returns, and is not returned at a company level, therefore it is not possible to provide data on the number of companies associated with employees availing of the scheme, or to give a breakdown down by multinational and SME. I am advised by Revenue that the annual cost of...

Written Answers — Department of Finance: Departmental Programmes (5 Dec 2019)

Paschal Donohoe: I am advised by Revenue that 10 companies granted share options qualifying for the Key Employee Engagement Programme (KEEP) to 87 key employees during 2018 (the first year of the scheme). I understand that a breakdown by month is not possible. Generally, a key employee must hold the option for 12 months prior to exercise and therefore 2019 will be the earliest date that individuals are...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme Data (5 Dec 2019)

Paschal Donohoe: I am advised by Revenue that data on the Employment and Investment Incentive (EII) Scheme can be found in the EII statistics report on Revenue’s webpage at the following link: . EII has been in operation since 2011 when it replaced the Business Expansion Scheme. The following table sets out information on the number of qualifying companies and the annual Exchequer cost for the years...

Written Answers — Department of Finance: Tax Reliefs Data (5 Dec 2019)

Paschal Donohoe: I am advised by Revenue that the latest information on the cost and number of individuals availing of the Start Up Refunds for Entrepreneurs (SURE) scheme can be found at the following link: . The most recent year for which data are currently available is 2017. The following table sets out the Exchequer cost and number of claimants for each year between 2013 and 2017: Year ...

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