Results 13,481-13,500 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Operations (17 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 119 and 121 together. The second Payment Services Directive (or “PSD2”) was transposed into Irish law last year through the European Union (Payment Services) Regulations 2018 (S.I. No. 6 of 2018).  PSD2 is supplemented by a European Commission Delegated Regulation (2018/389) with regard to regulatory technical standards for strong...

Written Answers — Department of Finance: Motor Tax Yield (17 Sep 2019)

Paschal Donohoe: As of end-August Motor Tax is currently €16 million or 2.3 per cent ahead of target.  The performance of Motor Tax in the year is publically available in the Department of Finance's monthly publication 'Fiscal Monitor', and has been reproduced for the Deputy's convenience below. Monthly Performance Monthly Target Excess/Shortfall Excess/Shortfall...

Written Answers — Department of Finance: Revenue Documents Issuance (17 Sep 2019)

Paschal Donohoe: I am advised by Revenue that it has reviewed the person’s tax position and Balancing Statements (P21) have issued to them for the years 2015 to 2017. A Balancing Statement cannot be provided for 2018 as the person is not on record as a PAYE employee for that period. Section 865(4) of the Taxes Consolidation Act (TCA) 1997 provides for a statutory time limit of four years for the...

Written Answers — Department of Finance: Brexit Staff (17 Sep 2019)

Paschal Donohoe: In September 2018, the Government granted approval in principle for the phased recruitment of an additional 600 Revenue staff to meet the challenges posed by Brexit.  Following the Government decision in December 2018 to give greater priority to preparations for a no deal Brexit, it was agreed to accelerate Revenue’s recruitment plans. I am advised by Revenue that it has appointed...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (17 Sep 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions.  I have no role in the day to day workings of the office or in the decisions which he takes. The Office of the Financial Services and Pensions Ombudsman (FSPO) was established on 01 January 2018 to resolve complaints from consumers,...

Written Answers — Department of Finance: Tax Code (17 Sep 2019)

Paschal Donohoe: I am advised by Revenue that business models and contractual arrangements in the poultry sector created the conditions for the generation of a systematic excess of flat-rate addition payments to farmers in the sector over their VAT input costs. My predecessor introduced a provision in Finance Act 2016 to enable the exclusion of an agricultural sector from the flat-rate scheme where the...

Written Answers — Department of Finance: Tax Exemptions (17 Sep 2019)

Paschal Donohoe: Section 235 Taxes Consolidation Act 1997 provides an exemption from income tax or corporation tax, as appropriate, for bodies which are established and existing for the sole purpose of promoting: - an athletic game or an athletic sport, or - an amateur game or an amateur sport. The exemption applies to that portion of the income of the “approved body” which has been or will be...

Written Answers — Department of Finance: Stamp Duty (17 Sep 2019)

Paschal Donohoe: The aircraft leasing industry is just one element of the strong ecosystem in aviation in Ireland which includes aircraft maintenance, repair and overhaul, avionics and a range of specialist aviation service providers. As a peripheral economy, Ireland has a strong reliance on aviation in facilitating trade and tourism. In light of the significant opportunities that the continued growth of...

Written Answers — Department of Finance: Brexit Issues (17 Sep 2019)

Paschal Donohoe: The UK Chancellor announced, on the 10th September, that the UK Government intends to reintroduce duty-free shopping for passengers travelling to EU countries if the UK leaves the EU without a deal on 31 October next. If the UK leaves without a deal, the UK will assume the status of a ‘third country’ in terms of their trading relationship with the European Union. ...

Written Answers — Department of Finance: Gambling Legislation (17 Sep 2019)

Paschal Donohoe: I understand that the Deputy asked a similar Parliamentary Question to the Minister for Justice last week and was informed that the Courts Service and An Garda Síochána have advised that they do not have the records requested for the years in question. I have no further information to add to this.

Written Answers — Department of Finance: Tax Yield (17 Sep 2019)

Paschal Donohoe: I am advised by Revenue that Betting Duty receipts for the years to 2018 are published on the Revenue website at link: . I am also advised that €68.1 million was paid in respect of Betting Duty in the period to end August 2019.

Written Answers — Department of Finance: Tax Reliefs Data (17 Sep 2019)

Paschal Donohoe: The Help To Buy (HTB) incentive, announced in Budget 2017 and backdated to 16 July 2016, is designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. The incentive provides for a refund of Income Tax and DIRT paid over the previous four tax years, limited to a maximum of 5% of the purchase value up to a...

Written Answers — Department of Finance: IBRC Legal Cases (17 Sep 2019)

Paschal Donohoe: The information requested is not held by the Department of Finance. I am advised by the Special Liquidators that the records of the cases concluded in the courts before their appointment and pre-special liquidation are not readily available and it would be a very significant and burdensome exercise to complete not only in terms of costs but also regarding the time it would take to assess the...

Written Answers — Department of Finance: IBRC Expenditure (17 Sep 2019)

Paschal Donohoe: The total professional fees associated with the Special Liquidation from 7th February 2013 to 31st December 2018 are €258.054 million (gross).  The fees and all other costs associated with the Special Liquidation are outlined in detail in the latest IBRC Progress update report to 31 December 2018(“the Report”) issued by the Special Liquidators on 22 May 2019. This...

Written Answers — Department of Finance: IBRC Expenditure (17 Sep 2019)

Paschal Donohoe: I am advised by the Special Liquidators that any cases that IBRC has settled concerning the mis-selling of swaps and investments are subject to strict confidentiality agreements between the parties, which prohibit disclosure of any details pertaining to the settlement, and which also includes costs.

Written Answers — Department of Finance: Brexit Preparations (17 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the majority of businesses with UK imports or exports valued in excess of €1 million have an EORI number. As per Table 1 and Table 2 below, 205 businesses with imports and 60 businesses with exports in excess of €1 million do not have an EORI number. As part of its ongoing multi-layered trader engagement programme, Revenue wrote to these businesses...

Written Answers — Department of Finance: Vehicle Registration (17 Sep 2019)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing 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: VAT Rate Application (17 Sep 2019)

Paschal Donohoe: Irish VAT law does not zero rate food supplement products and under EU VAT law Ireland is precluded from introducing such a provision. 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 1991. The legislative...

Written Answers — Department of Public Expenditure and Reform: Financial Emergency Measures in the Public Interest Acts (17 Sep 2019)

Paschal Donohoe: Section 12 of the Financial Emergency Measures in the Public Interest Act 2013 (No. 18 of 2013) requires the Minister for Public Expenditure and Reform to, in respect of the Financial Emergency Measures in the Public Interest Act 2009 (No. 5 of 2009), the Financial Emergency Measures in the Public Interest (No. 2) Act 2009 (No. 41 of 2009), the Financial Emergency Measures in the Public...

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Remit (17 Sep 2019)

Paschal Donohoe: The Freedom of Information Act 2014 greatly expanded the number of organisations that are subject to the legislation, setting out broad criteria at section 6 by which it may be determined whether or not a body is subject to FOI.  At present, approximately 600 organisations are subject to FOI, which is designed to promote openness, transparency and accountability of the public...