Results 13,541-13,560 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Protection Policies (17 Sep 2019)

Paschal Donohoe: I am advised by the Central Bank of Ireland that its Consumer Protection Code 2012 (the CPC) contains a number of protections for mortgage holders, including buy-to-let mortgage holders. The CPC sets out requirements around information which must be provided to a mortgage borrower prior to taking out the mortgage, and establishes timeframes for assessing mortgage applications. The CPC...

Written Answers — Department of Finance: Credit Register Data (17 Sep 2019)

Paschal Donohoe: The Central Credit Register (CCR) is established by the Central Bank under the Credit Reporting Act 2013. The CCR is a database of credit information based on credit applications and agreements, and its primary purpose is to assist lenders to make more informed decisions on applications for credit. Under the Act a lender is required to access information held on the...

Written Answers — Department of Finance: VAT Rate Application (17 Sep 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under domestic legislation, professional medical care services recognised as such by the Department of Health and Children are exempt from VAT. Professional medical care services recognised by the Department of Health and Children are generally those medical care services...

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.