Results 13,581-13,600 of 32,547 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: This leads to the broad point worth making that even in the case of dealing with a no-deal Brexit, it will be possible over time to continue to invest in our public services and put improvements in place.

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: I am not giving any indication that dealing with a no-deal Brexit will create the kind of circumstances that we had to deal with in 2008, 2009 and 2010. It is very different in scale and that is the reason I am saying that even in a no-deal Brexit, commitments with respect to capital expenditure and dealing with the demographics of our society should still be met. We can do so....

Committee on Budgetary Oversight: Pre-Budget Scrutiny: Minister for Finance (17 Sep 2019)

Paschal Donohoe: In the context of the matters we have discussed, I have three weeks to put together a budget to respond to the many grave issues people have raised. I do not want to make a diary commitment to the Deputy that I cannot fulfil.

Written Answers — Department of Finance: Insurance Industry (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 51 and 52 together. I am aware of the issues facing many businesses in the leisure, sports and tourism sectors when it comes to the affordability and availability of insurance. Unfortunately, neither I, nor the Central Bank of Ireland, can compel any insurer to continue operating in the Irish market as this is a matter of a commercial nature, and the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (6 Sep 2019)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a Fuel Grant, and an exemption from Motor Tax.  To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Vehicle Registration Data (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 54 and 55 together. I am informed by Revenue that the numbers of used Category A vehicles registered in Ireland from 2014-to date, having previously been registered in the UK, are as follows:  Year Total used VRT category A importations from UK 2019 to end July 60,289 2018 97,511 2017 91,386 2016 69,541 2015 45,495 2014 52,468 The registration...

Written Answers — Department of Finance: Fuel Oil Specifications (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 56 and 152 together. I take it that the reference ‘tractor diesel’ in Parliamentary Question number 36319/19 is referring to Marked Gas Oil, commonly known as MGO or green diesel.  MGO is diesel that has been marked with fiscal markers to indicate that it has been released for consumption at a reduced rate of taxation. Council Directive...

Written Answers — Department of Finance: Vehicle Registration (6 Sep 2019)

Paschal Donohoe: I am informed by Revenue that the current legislation governing the registration of vehicles, provided for in Finance Act 1992, Part II, Chapter IV.  Section 131(2), does not specify a minimum age for owners. The question of persons using fake names and bogus addresses to acquire a vehicle for illegal activities is a law and order issue.

Written Answers — Department of Finance: Tax Yield (6 Sep 2019)

Paschal Donohoe: I am advised by the Revenue Commissioners that it is not possible to accurately estimate from data held by Revenue the yield of a financial transactions tax.  The Deputy may be interested to note, however, that the yield from the Irish stamp duty of 1% on transactions in shares, stocks and marketable securities was €420.7m in 2018 and €425.3m in 2017.

Written Answers — Department of Finance: Brexit Preparations (6 Sep 2019)

Paschal Donohoe: Since the UK voted to leave the EU, the Central Bank has instructed firms on the need to have appropriate contingency plans in place to ensure continuity of business and to address key risks that may arise from Brexit.   In relation to credit institutions, as at end July, the majority of the 57 credit institutions selling financial products and services from the UK and Gibraltar to...

Written Answers — Department of Finance: Tax Compliance (6 Sep 2019)

Paschal Donohoe: I am advised by Revenue that Large Cases Division was split into two Divisions in May 2018. The new Divisions are: Large Corporates Division (LCD) and Large Cases-High Wealth Individuals Division (LC- HWI).  The following table below, which reflects the combined LCD and LCD-HWI, sets out the number of instances where an original assessment was amended for the 4 years 2015 to 2018. The...

Written Answers — Department of Finance: Motor Insurance Regulation (6 Sep 2019)

Paschal Donohoe: The Motor Insurers Insolvency Compensation Fund (MIICF) is an ex-ante fund which has been set up to collect contributions from motor insurers in order to fund the increase in compensation for third party motor claims from 65% to 100% arising from a motor insurer insolvency. This change was introduced by the Insurance (Amendment) Act 2018 and became operational on 1 December 2018. What it...

Written Answers — Department of Finance: Ministerial Advisers Data (6 Sep 2019)

Paschal Donohoe: I wish to inform the Deputy that Ministerial appointments in the Department of Finance are made in line with “Instructions to Personnel Officers - Ministerial Appointments for the 32nd Dáil” which include “Guidelines on staffing of Ministerial offices” issued by the Department of Public Expenditure and Reform.  The information on...

Written Answers — Department of Finance: Financial Services Regulation (6 Sep 2019)

Paschal Donohoe: I am informed by the Central Bank that a monetary penalty can be imposed by a court on an unauthorised provider of financial services, if it is convicted of operating in the absence of authorisation.  Depending on the relevant Act/Statutory Instrument, the monetary penalty varies. Unlike entities that are authorised by the Central Bank, unauthorised entities are not subject to...

Written Answers — Department of Finance: Employment and Investment Incentive Scheme (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 64 to 66, inclusive, and 68 together. With regard to the Deputy's proposal to allow capital gains on Employment and Investment Incentive (EII) shares to be capital gains tax applicable rather than income tax applicable, the tax treatment of gains on the disposal of EII shares depends on how those shares are disposed of and may be subject to either...

Written Answers — Department of Finance: Tax Reliefs Costs (6 Sep 2019)

Paschal Donohoe: It is assumed the Deputy is referring to increasing the capital gains tax rate in respect of the revised CGT Entrepreneur Relief from 10% to 12.5% and removing the lifetime limit which is currently €1 million. I am advised by Revenue that on the basis of tax returns associated with 2017, the estimated tax gain from increasing the tax rate in respect of Entrepreneurial relief...

Written Answers — Department of Finance: Tax Credits (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. The Research and Development (R&D) Tax Credit, as set out in section 766 of the Taxes Consolidation Act 1997, allows companies claim a 25% tax credit in respect of expenditure incurred on qualifying R&D activities. Companies may be eligible to claim the R&D tax credit in respect of some outsourced R&D...

Written Answers — Department of Finance: Tax Reliefs Costs (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 71, 72 and 74 to 76, inclusive, together. The Deputy is seeking information on the estimated annual cost of a number of different policy changes to the Key Employee Engagement Programme. Unfortunately, the position is that base data are not available which enable the information sought to be provided on any kind of reliable basis. However, as regards the...

Written Answers — Department of Finance: Tax Code (6 Sep 2019)

Paschal Donohoe: Finance Act 2018 removed the requirement for the Key Employee Engagement Programme (KEEP) that qualifying share options granted could not exceed 50% of the annual emoluments of the qualifying individual in the year of assessment. Employers may now award qualifying KEEP options of up to the value of 100% of an employee’s annual emoluments (i.e. equal options and emoluments). I also...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Administration (6 Sep 2019)

Paschal Donohoe: The Irish Fiscal Advisory Council is funded directly by the Exchequer. Funding is categorised as non-voted current expenditure. As per the recently published Finance Accounts 2018, the operating cost of the Council in 2018 was €0.675 million. The Fiscal Responsibility Act, 2012 provides for an expenditure ceiling of €0.8 million for the Fiscal Council in 2012. This...