Results 12,501-12,520 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Legal Fees (13 May 2020)

Paschal Donohoe: The information sought by the Deputy, with regard to payments made by NAMA to law firms in 2018 and 2019, is set out in the table below. Payments by NAMA to Law Firms2018-2019 Supplier 2018€'000 2019€'000 A&L Goodbody Solicitors 624 724 Arthur Cox Solicitors 190 283 ...

Written Answers — Department of Finance: Central Bank of Ireland Data (13 May 2020)

Paschal Donohoe: The table below captures all of the amounts incurred by the Central Bank in the period from 2018 – 2019 in relation to costs relating to Consultancy and Audit Fees. It includes expenses for six accountancy firms as listed below. Mazars provides the Central Bank’s audit services. Year Company Consultancy and Audit Costs Incurred €000s ...

Written Answers — Department of Finance: Departmental Projects (13 May 2020)

Paschal Donohoe: I can advise the Deputy that for some of 2015, a member of staff from each of the firms KPMG and PWC were seconded into the Department to work in the Business Tax section on a pro bono basis.

Written Answers — Department of Finance: Life Insurance Policies (13 May 2020)

Paschal Donohoe: I understand that the type of product the Deputy is referring to in his question is a whole-of-life insurance policy. This is a product, which my officials have previously sought information from the Central Bank on. In response, the Bank has indicated that it is designed to provide consumers with life cover for their whole life. As long as the policyholder makes regular payments and the...

Written Answers — Department of Finance: Departmental Expenditure (13 May 2020)

Paschal Donohoe: As at the time this question was received the amount my Department incurred in respect of access to online and hardcopy media publications in each of the years 2017 to 2019 and in 2020; and the breakdown of online and hard copy subscriptions including the publications that my Department subscribes to is provided in the table below: (The majority of subscriptions for the Department are managed...

Written Answers — Department of Finance: Departmental Data (13 May 2020)

Paschal Donohoe: I have been advised by the Department's ICT providers, that the full remit of data requested is not available due to the voluminous nature of the data produced and the limited storage capacity of the web filtering appliances in use. However, the data that is available in response to the Deputy's request is presented below in tabular form. The top ten most visited websites by staff working in...

Written Answers — Department of Finance: VAT Rate Application (13 May 2020)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of the EU VAT Directive, with which Irish VAT law must comply. I am advised by Revenue that the VAT treatment of biomass fuels depends on the form in which it is presented: where it is included in solid fuel products or in marked oil products the 13.5% rate applies; where included in road fuels the rate is 23%. There is...

Written Answers — Department of Finance: Banking Sector (13 May 2020)

Paschal Donohoe: The SBCI made early repayments of its loan to KFW in May and December 2018. There were no penalties, however, KFW are entitled to charge reimbursement costs for processing the early repayment but none were charged. A flat administration fee of €2,500 was charged.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2020)

Paschal Donohoe: Ernst and Young (EY) was appointed to undertake the external review of the SBCI following a competitive tender process. A request for tender was published on 08/01/2019 on eTenders, the Irish Government’s electronic tendering platform, inviting tenderers to submit a tender for the provision of these services. EY was the successful tenderer following a robust tender process which...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2020)

Paschal Donohoe: The SBCI Board made the decision to appoint Deloitte in the event that a second auditor was required, pending legal advice on whether the Comptroller & Auditor General could perform the role of statutory auditor. Following receipt of legal advice, a second auditor was deemed unnecessary and Deloitte were not appointed

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2020)

Paschal Donohoe: The SBCI does not lend directly to SMEs. The SBCI’s borrower is the approved financial provider(s) who in turn lend directly to SMEs. On that basis the SBCI obtains quarterly information for monitoring purposes on the on-lenders and does not receive information containing any aged debtor analysis on the SMEs.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2020)

Paschal Donohoe: The SBCI does not charge penalties and its facility agreements do not provide for these. If an on-lender wished to repay all or part of a facility, it is SBCI’s practice to agree a payment date with such on-lender as well as agreeing the amount of interest, principal and break-cost funding payable on the prepayment date agreed.

Written Answers — Department of Finance: Help-To-Buy Scheme (13 May 2020)

Paschal Donohoe: The Help-to-Buy incentive, introduced with effect from 1 January 2017, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes...

Written Answers — Department of Finance: Tax Credits (13 May 2020)

Paschal Donohoe: I am advised by Revenue that the number of individuals earning above the €100,000 threshold, where credits would begin to taper as outlined by the Deputy, can be found in the ‘Individualised Gross Incomes’ document published on Revenue’s website at the following link: . 2017 is the most recent tax year for which data are currently available. As this document shows,...

Written Answers — Department of Finance: Electric Vehicles (13 May 2020)

Paschal Donohoe: In Finance Act 2017, I introduced an exemption from benefit-in-kind for employer-provided electric vehicles (cars and vans). An electric vehicle is one that derives its motive power exclusively from an electric motor. As such, hybrid vehicles do not qualify for this treatment. The benefit-in-kind exemption applied in respect of an electric car or electric van made available for an...

Written Answers — Department of Finance: Land Issues (13 May 2020)

Paschal Donohoe: Section 664 of the Taxes Consolidation Act 1997 provides for an income tax exemption for certain income arising from the leasing of farm land. This relief was introduced in Finance Act 1985 to encourage landowners to lease out land on a long-term basis to active farmers, thereby encouraging more productive use of the land. Subject to an upper limit, individuals who qualify for the relief are...

Written Answers — Department of Finance: Fuel Prices (13 May 2020)

Paschal Donohoe: Ireland relies on importing fuel to meet its energy needs and this leaves the Irish economy particularly exposed to the uncertainty of international oil price movements. However, as an energy importer Ireland has benefitted from the steep fall in oil prices since 2014, from approximately $100 in 2014 to $64 in 2019. Nonetheless, in recent months, there has been considerable volatility in...

Written Answers — Department of Finance: State Banking Sector (13 May 2020)

Paschal Donohoe: I propose to take Questions Nos. 61 and 68 together. As the Deputy will know, we are now in the midst of a severe recession, both globally and domestically. Jobs and our people, have borne the brunt of the unprecedented economic decline. But we can and we will recover. Our economy can grow again next year, employment can grow, unemployment can fall, and our public finances can improve. This...

Written Answers — Department of Finance: State Banking Sector (13 May 2020)

Paschal Donohoe: The information requested by the Deputy is set out in the following table. AIB AIB Bank of Ireland Bank of Ireland PTSB PTSB Date Share Price Value of Shareholding €M (c. 71% of total shares following IPO) Share Price Value of Shareholding €M (C. 14% of total shares) ...

Written Answers — Department of Finance: State Banking Sector (13 May 2020)

Paschal Donohoe: The annual 2019 results for AIB and Bank of Ireland which were announced in March showed two profitable banks that were supporting our economic growth with strong and sustainable lending. Both banks made additional large strides in reducing NPEs further last year and continuing on their paths of digital transformation. However, as the Deputy will be aware, the economic landscape has since...