Results 13,241-13,260 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Employment and Investment Incentive Scheme Data (3 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the number of investors who availed of the Employment and Investment Incentive (EII) Scheme, and its cost to the Exchequer in each year, can be found on page 5 of the EII statistics report on Revenue’s webpage at link: . The following table sets out the information in tabular form for each year to 2017 (the most recent years for which statistics are...

Written Answers — Department of Finance: Knowledge Development Box (3 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 71 and 72 together. I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) for the years 2016 and 2017 are published on page 18 of Revenue’s paper on 2018 Corporation Tax payments and 2017 Corporation Tax returns. This information is available at . In this regard, the...

Written Answers — Department of Finance: Motor Insurance Costs (3 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. It is very difficult to compare insurance costs across Europe due to differences in legal and regulatory systems in each member state....

Written Answers — Department of Finance: Property Tax (3 Oct 2019)

Paschal Donohoe: I am advised by Revenue that, similar to the position that applies in the case of other taxes and duties, penalties can be imposed for various offences relating to local property tax (LPT), such as failure to submit a return or other documentation or the provision of false information. Thus, all taxpayers who fail to submit an LPT return, or who submit an incorrect LPT return, are liable to a...

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (3 Oct 2019)

Paschal Donohoe: As part of the ongoing reform of Ireland’s public investment management systems, the Department of Public Expenditure and Reform is updating the Public Spending Code.  The purpose of this update is to strengthen the existing guidance to better align with the realities of project delivery and with a particular focus on improved appraisal, cost estimation and management.  The...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (3 Oct 2019)

Paschal Donohoe: Due to the scale of Government expenditure and the cash basis of Government accounting, the need for Supplementary Estimates can arise for a number of reasons, including policy decisions, timing issues and overspends. Supplementary Estimates are an important element of our expenditure management toolkit, allowing for the proper alignment of resources with allocations. The attached document...

Written Answers — Department of Public Expenditure and Reform: Departmental Budgets (3 Oct 2019)

Paschal Donohoe: The Mid-Year Expenditure Report 2019 sets out estimates of certain demographic pressures in the areas of Health, Social Protection and Education as pre-committed elements of the current expenditure baseline for the period to 2022. These are primary areas of current expenditure which are particularly impacted by demographic changes. For 2020 an amount of €0.45 billion has been allocated...

Written Answers — Department of Public Expenditure and Reform: Departmental Budgets (3 Oct 2019)

Paschal Donohoe: Managing expenditure within the overall fiscal parameters has been a key factor in ensuring that our fiscal targets have been achieved. A key responsibility of each Minister and Department is delivering public services efficiently and effectively within their budgetary allocations. The Department of Public Expenditure and Reform is in regular contact with all other...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts Data (3 Oct 2019)

Paschal Donohoe: Procurement is key priority for Government and has undergone significant reform aimed at ensuring the sustainable delivery of much needed public services while also encouraging and supporting SME participation in these business opportunities. This approach is beneficial for the State because it nurtures competition which ensures value for money is maintained and provides SME with a platform...

Written Answers — Department of Finance: Tax Code (2 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: Tax Code (2 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 110 to 112, inclusive, together. 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: Tax Data (2 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 113 and 114 together. I am advised by Revenue that information is not available on tax returns that separately identifies business assets and share disposals from other qualifying assets for retirement relief. Also, to estimate the cost of the proposals would require information on the gains made on disposal of the assets. For these reasons, it is not...

Written Answers — Department of Finance: Tax Data (2 Oct 2019)

Paschal Donohoe: I am advised by Revenue that approximately 25,000 taxpayer units (spouses or civil partners opting for joint assessment are counted as one unit) are liable to the 3% USC (Universal Social Charge) surcharge, which applies to non-PAYE income in excess of €100,000. The cost of abolishing this surcharge is estimated at €69 million in the first year and €128 million in a...

Written Answers — Department of Finance: Tax Reliefs Application (2 Oct 2019)

Paschal Donohoe: The Start-Up Capital Incentive (“SCI”) was introduced in Finance Act 2018 as a tax relief for early stage micro companies to attract equity based risk finance from family members, including parents, and other "connected persons" up to the €500,000 lifetime limit. I am advised by Revenue that they are aware of the concern raised in the Deputy’s question. While...

Written Answers — Department of Finance: Tax Reliefs Application (2 Oct 2019)

Paschal Donohoe: In general, consideration of any tax changes in advance of Budget 2020 are undertaken within the annual Budgetary and Finance Bill process. The Deputy will appreciate that I cannot comment on any possible changes at this time. As regards the relief, I am advised by Revenue that capital acquisitions tax relief is available in relation to certain business assets passing by way of gifts or...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (2 Oct 2019)

Paschal Donohoe: As the Deputy may be aware, in May and June of this year, my Department undertook a consultation process on various taxation measures and how they might better support the small and medium enterprise sector. In relation to the Key Employee Engagement Programme (KEEP), the purpose was to seek to identify potential changes that could help it to operate in a more effective manner...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (2 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the estimated cost to the Exchequer of increasing the current allowable tax relief cap of €150,000, available to individual investors under the Employment and Investment Incentive (EII) Scheme, in the manner described by the Deputy is set out in the following table. Threshold Cost (€m) €200,000 0.4 €300,000 0.7 €400,000 0.8...

Ceisteanna Eile - Other Questions: Public Services Card (1 Oct 2019)

Paschal Donohoe: My good colleague, the Minister for Children and Youth Affairs, Deputy Zappone, is working on ways to ensure that families and parents will be able to access the national childcare scheme. The Deputy referred to me being in the dock on this matter. I fully understand the views of the Data Protection Commission, an institution which I take seriously. In each of the budgets that I have...

Ceisteanna Eile - Other Questions: Public Services Card (1 Oct 2019)

Paschal Donohoe: We believe that we are on solid legal foundations in using the public services card as a way to help citizens to access services efficiently. Encouraging greater use of the public services card over time will lead to more convenient and efficient ways in which families and citizens can access public services.

Ceisteanna Eile - Other Questions: Public Procurement Regulations (1 Oct 2019)

Paschal Donohoe: I referred to this earlier on. I am currently involved in reviewing the public spending code. I am looking at whether a different balance needs to be struck. I assure the Deputy that I am well aware of, and understand, all of the things we need to deliver in procurement policy. While I have acknowledged previously, as I have this afternoon, that which we have got wrong in respect of the...