Results 13,321-13,340 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (26 Sep 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. Having said that, the Deputy will be aware that the Climate Action Plan 2019 provided a commitment to assess a Carbon Tax trajectory of at least €80 per tonne by 2030, having regard to...

Written Answers — Department of Finance: Tax Code (26 Sep 2019)

Paschal Donohoe: The Special Assignee Relief Programme (SARP) is an income tax incentive aimed at reducing the cost to employers of assigning key individuals in their companies from abroad to take up temporary, short-term positions in the Irish based operations of the employer with a view to transferring essential skills to Irish based workers. For example, such individuals may be transferred to head up new...

Written Answers — Department of Finance: Brexit Issues (26 Sep 2019)

Paschal Donohoe: When the UK leaves the EU, it will become a third country from a customs perspective and the free circulation and free movement of goods between the EU and the UK will end. This will increase substantially the number of businesses that will have to complete customs formalities and other related obligations for trade with the UK and through the UK landbridge to the EU. This will present a...

Written Answers — Department of Finance: Tracker Mortgages (26 Sep 2019)

Paschal Donohoe: As the Deputy will be aware the Financial Services and Pensions Ombudsman (FSPO) is an independent statutory office which operates under its own legislative framework and presents customers with a statutory means of resolving their complaint against a regulated financial services provider in a fair and independent manner. I am aware that the Deputy was recently in correspondence with the...

Written Answers — Department of Finance: Property Tax (26 Sep 2019)

Paschal Donohoe: The Local Property Tax was introduced in 2013 to provide a stable and sustainable funding base for local authorities and is a significant base-broadening measure. LPT has yielded over €2.42 billion for local authorities since its introduction, with the annual LPT allocation currently standing at close to €465 million, which supplements other local authority income. The Local...

Written Answers — Department of Finance: VAT Rate Application (26 Sep 2019)

Paschal Donohoe: Irish VAT legislation does not provide a zero rate for food supplement products; instead there is a legislative provision for zero rating food and drink. The zero rate for food and drink is provided for under a derogation from EU VAT law which allows Member States to retain certain zero rates for goods and services which were expressly covered in their national VAT legislation on 1 January...

Written Answers — Department of Finance: Corporation Tax Regime (26 Sep 2019)

Paschal Donohoe: On 28 May 2019, the OECD BEPS Inclusive Framework adopted a Programme of Work to develop a consensus solution to the tax challenges raised by digitalisation. This was subsequently endorsed by G20 Finance Ministers at their meeting in Fukuoka on 8-9 June 2019, and by G20 Leaders in Osaka on 28-29 June 2019.  This Programme of Work splits the continuing work among two separate...

Written Answers — Department of Finance: Brexit Preparations (26 Sep 2019)

Paschal Donohoe: I am informed by Revenue that significant work has been undertaken in preparation for post-Brexit Customs checks at Rosslare Europort. The Office of Public Works are responsible for the delivery of the necessary infrastructure and in preparation for the no-deal scenario, temporary facilities in Rosslare Harbour will include public office facilities, basic driver comfort facilities and exam...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Sep 2019)

Paschal Donohoe: I am advised by Revenue that it split its Large Cases Division into two divisions in 2018, one of which, Large Cases – High Wealth Individuals Division (LC-HWID), has a focus on HWIs, avoidance and pensions. As reflected in one of the recommendations in the 2017 Annual Report by the Comptroller and Auditor General (C&AG), this new Division reviewed the case base with a view to...

Written Answers — Department of Finance: Excise Duties (26 Sep 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: Irish Fiscal Advisory Council (26 Sep 2019)

Paschal Donohoe: The main point raised by the Irish Fiscal Advisory Council (IFAC) in relation to medium-term budgetary planning relates to expenditure ceilings. In this area, my view is that there is a balance to be struck.  In theory, fixing expenditure ceilings over the medium term has certain advantages, including higher levels of certainty.   In practice,...

Written Answers — Department of Finance: Insurance Costs (26 Sep 2019)

Paschal Donohoe: At the outset, the Deputy should note that I am responsible for the development of the legal framework governing financial regulation.  Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (26 Sep 2019)

Paschal Donohoe: The Fossil Fuel Divestment Act 2018 provides for the divestment by the Ireland Strategic Investment Fund (ISIF) from fossil fuel undertakings, that is, companies that derive more than 20% of their revenues from the exploration, extraction and/or refinement of fossil fuels, within a practicable timeframe. Under the Act, fossil fuels are defined as oil, natural gas, peat, coal or any derivative...

Written Answers — Department of Finance: Departmental Legal Cases (26 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 32 and 44 together. The Government profoundly disagrees with the Commission’s analysis in the Apple State aid case. An appeal has therefore been brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union, asking it to annul the Decision of the Commission. The Attorney...

Written Answers — Department of Finance: Capital Expenditure Programme (26 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, it is not the practice of the Minister for Finance to discuss the details of measures which may be under consideration as part of the Budget and Finance Bill.

Written Answers — Department of Finance: Insurance Fraud (26 Sep 2019)

Paschal Donohoe: The Cost of Insurance Working Group Report on the Cost of Motor Insurance’ (January 2017) includes a recommendation to establish a fully functioning integrated fraud database for industry to detect patterns of fraud managed by an independent not-for-profit body but funded by industry. This approach is designed to provide for complete and open access to the data held on any such...

Written Answers — Department of Finance: Tax Code (26 Sep 2019)

Paschal Donohoe: I am currently awaiting the completion of a comprehensive review of the Special Assignee Relief Programme (SARP).  The review is being carried out by Indecon Economic Consultants and my Department expects to receive the relevant report within the coming days.  The review affords an opportunity to look at all elements of the relief, including the particular aspects to which...

Written Answers — Department of Finance: Tax Code (26 Sep 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 Reliefs Eligibility (26 Sep 2019)

Paschal Donohoe: Section 825C of the Taxes Consolidation Act 1997 provides for the Special Assignee Relief Programme (SARP). This relief provides a deduction from income tax for an employee who is assigned to work in the State by his or her employer.   There are certain conditions that must be met in order to qualify for SARP, including that the employee must be tax resident in the State for all tax...

Written Answers — Department of Finance: Brexit Preparations (26 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 38 and 53 together. The Government is determined in the context of Brexit, deal or 'no deal', to avoid a hard border on the island of Ireland. I am assured by Revenue that in line with that policy it has not upgraded any Customs posts in the vicinity of the border to deal with Customs formalities post-Brexit.  In preparation for Brexit,...