Results 13,201-13,220 of 32,610 for speaker:Paschal Donohoe

Financial Resolutions - Budget Statement 2020 (8 Oct 2019)

Paschal Donohoe: A Cheann Comhairle, this is a budget without precedent. INTRODUCTION In bringing it to this House, we seek to manage risk for our nation while aiming to make progress on so much, from the health of our national finances to the quality of our public services and to the great challenge of climate change. But these are also times without precedent. As we respond, we do so with the...

Written Answers — Department of Finance: Brexit Preparations (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 25, 26, 28, 34 and 35 together. I am advised by Revenue that 90% of the value of imports from the UK in 2018 and 97% of the value of exports trade in 2018 was carried out by businesses who now have an EORI number. This indicates that the businesses that are going to be significantly impacted by Brexit are responding to the call from Revenue to prepare for...

Written Answers — Department of Finance: Customs and Excise Controls (8 Oct 2019)

Paschal Donohoe: The Office of the Revenue Commissioners is responsible for customs control of the EU Customs Union in Ireland. Revenue provides whatever relevant technical advice and expertise is required by the Government in the context of assessing technology options to manage the challenges of the UK exit from the European Union. I am advised by Revenue that there are no technology options currently...

Written Answers — Department of Finance: Brexit Preparations (8 Oct 2019)

Paschal Donohoe: In Budget 2017, I included provision for a €2 million investment in scaling up the Revenue customs IT framework. Revenue has upgraded the relevant IT systems and worked with the relevant software providers in supporting their preparedness for Brexit. Revenue IT staff working with staff from a number of reputable System Integration companies have undertaken extensive performance...

Written Answers — Department of Finance: Tax Code (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Mortgage Interest Relief Eligibility (8 Oct 2019)

Paschal Donohoe: Section 3 of Finance Act 2009 abolished the tax relief on interest paid on home loans that were taken out prior to 1 January 2003. The changes came into effect from 1 May 2009. The person in question was in receipt of mortgage interest relief up to 30 April 2009. The relief was withdrawn from him in May 2009 because he failed to reply to Revenue’s request for supporting documentation...

Written Answers — Department of Finance: Mutual Assistance Requests (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 32 and 33 together. I am informed by Revenue that there are currently 41 open Mutual Agreement Procedure (“MAP”) cases, which relate to adjustments raised by tax authorities in Tax Treaty partner countries in respect of transfer-pricing or the attribution of profits to permanent establishments. Some of these cases are at an early stage and...

Written Answers — Department of Finance: Tax Reliefs Application (8 Oct 2019)

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for income tax relief in respect of qualifying tuition fees paid by an individual for a third level education course, subject to the terms and conditions set out in that section. The relief is granted at the standard rate of income tax (currently 20%), where an individual pays qualifying fees for an approved course, whether on his or...

Written Answers — Department of Finance: Tax Reliefs Data (8 Oct 2019)

Paschal Donohoe: I am informed by Revenue that the estimated yields from standard-rating discretionary tax reliefs currently available at the marginal rate are as shown in the following table. These yields are based on 2017 data, other than the estimate on the carry forward of excess reliefs under the High-Income Earners Restriction, where 2016 is the latest available year. The estimates are tentative and do...

Written Answers — Department of Finance: Tax Collection (8 Oct 2019)

Paschal Donohoe: I am advised by Revenue that it has already engaged with the person in respect of the liabilities in question and is willing to agree a payment arrangement that takes account of their personal circumstances, providing they engage on the matter. All activity in relation to the collection of outstanding liabilities from this individual has been placed on hold to allow the person time to make...

Written Answers — Department of Finance: Dormant Accounts Fund (8 Oct 2019)

Paschal Donohoe: I am informed by the National Treasury Management Agency, which manages the Dormant Accounts Fund, that at the end of December 2018, the value of the fund was €290 million.

Written Answers — Department of Finance: Credit Unions (8 Oct 2019)

Paschal Donohoe: On 28th August last, I held a meeting with the credit union representative bodies to discuss their views on the Industry Funding Levy and other credit union related matters. Over the course of the year I have also responded to direct and indirect correspondence from credit unions and representative bodies in relation to the Industry Funding Levy. The Deputy might also wish to note...

Written Answers — Department of Finance: Tax Code (8 Oct 2019)

Paschal Donohoe: I am advised by Revenue that employers are legally obliged to deduct Income Tax, Universal Social Charge (USC) and Pay Related Social Insurance from the emoluments of their employees. Any recoupment of overpaid salary by an employer from an employee is a matter between the employer and employee, including in relation to the timing and amounts of any repayments by the employee. However, the...

Written Answers — Department of Finance: Home Building Finance Ireland (8 Oct 2019)

Paschal Donohoe: Home Building Finance Ireland ('HBFI') published its half-year update in mid-July having commenced operations on 28th January 2019 (h). The key highlights to end June 2019 (after 5 months of operations) were as follows: - More than 100 Expressions of Interest received from across the country. - Over 30 full funding applications received from 17 counties. - €41m in funding approved...

Written Answers — Department of Finance: Legislative Programme (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, the need to rebuild trust in the Banking sector is a priority for this Government, and I am committed to introducing a Central Bank (Amendment) Bill that will increase individual accountability in the financial sector. The proposed legislation will drive positive changes in terms of wider banking culture, greater delegation of responsibilities, and enhanced...

Written Answers — Department of Finance: Illicit Trade in Tobacco (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 44 and 45 together. I am advised by Revenue that the annual survey carried out by Ipsos MRBI for Revenue and the Health Service Executive provides an indication of the amount of illegal tobacco products consumed in Ireland. I understand that the 2018 survey reported that 21% of the roll your own tobacco products were illegal, which is higher than in the 2017...

Written Answers — Department of Finance: Brexit Preparations (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, upon withdrawal from the EU and in the absence of a political agreement between the EU and the UK, UK (including Gibraltar) insurance undertakings, including life insurance undertakings, and insurance distributors will lose their right to conduct business by way of Freedom of Establishment (FOE) and Freedom of Services (FOS) under the EU regulatory framework....

Written Answers — Department of Finance: VAT Rate Reductions (8 Oct 2019)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Insurance Costs (8 Oct 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department does not collect the type of information being sought by the Deputy. Indeed, there is no official centralised source of such data within the European Union that provides for rankings in relation to insurance costs...

Written Answers — Department of Finance: Mortgage Book Sales (8 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 49 and 50 together. The Deputy will be aware that the reduction in the level of non-performing loans (NPLs) across European banks is a major priority for the banking regulator, the SSM. The Irish banks have made huge progress in this regard since the height of the crisis. According to the Central Bank of Ireland, the average NPL ratio of the domestic Irish...