Results 13,621-13,640 of 32,547 for speaker:Paschal Donohoe

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

Paschal Donohoe: With less than five weeks to go, I do not propose to discuss the details of measures which may or may not be under consideration as part of the Budget. However, the Deputy will be aware that there is already in place a wide range of tax supports to assist farmers, including capital allowance regimes.

Written Answers — Department of Finance: General Data Protection Regulation (6 Sep 2019)

Paschal Donohoe: The Department of Finance is aware of its additional responsibilities as a controller and processor of personal data under GDPR. The Department pre-empted the changes in legislation and held GDPR training for staff. I wish to inform the Deputy of the names of external consultancies that delivered and continue to deliver advice and training - this has been presented in the following...

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

Paschal Donohoe: I would say that consideration of possible changes to CAT rates and thresholds, including in respect of inheritances or gifts to siblings generally takes place as part of the consideration of any changes to the tax system which is undertaken as part of the annual Budget and Finance Bill process.  As is normal, the Deputy will appreciate that I cannot comment on any possible changes...

Written Answers — Department of Finance: Departmental Customer Charters (6 Sep 2019)

Paschal Donohoe: In line with the Department's Customer Service Charter 2018-2020, complaints regarding customer service received can be made to the relevant Unit/Division in the first instance, or to the Customer Service Officer in Corporate Affairs.  If the complaint is not resolved the Department's Customer Service Charter highlights the role of the Department’s Appeal's Officer...

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

Paschal Donohoe: I propose to take Questions Nos. 110 and 111 together. I am advised by Revenue that there is no requirement for workers or self-employed persons to separately declare professional subscriptions in their tax returns (allowable subscriptions are included in their allowable expenses). There is also no requirement for businesses to declare subscriptions to business representative bodies in...

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

Paschal Donohoe: A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax expenditures published on Budget day 2016. The review may be found at the following link: () The review concluded that: "...analysis of the scheme using the principles laid down by the Department’s...

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

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow Ireland to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations.   The measure provides income tax relief on a portion of income earned by employees, who are assigned by their employer to...

Written Answers — Department of Finance: Stamp Duty (6 Sep 2019)

Paschal Donohoe: I am advised by Revenue that the number of successful applications under the Residential Development Stamp Duty Refund Scheme (Section 83D Stamp Duties Consolidation Act 1999) since its introduction to date (23 August 2019) is 661. A tabular breakdown is set out below for the Deputy’s information. Type of Application Breakdown Percentage of Total Successful Applications Refund...

Written Answers — Department of Finance: VAT Rate Application (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 115, 148 and 162 together. I am advised by Revenue that the document referred to by the Deputies was an internal document prepared in 2007 and that it was never published on the Revenue website. The document has no legal value or authority over VAT legislation in place on 1 January 1991 or subsequently and has no legal effect. It does not mean that food...

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

Paschal Donohoe: I propose to take Questions Nos. 116 to 119, inclusive, together. Section 480A Taxes Consolidation Act 1997 (TCA) provides tax relief for certain sportspersons on earnings which derive directly from participation in the sport concerned, such as prize money and performance fees, but not other earnings such as sponsorship fees and income from advertisements or endorsements. Where the...

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

Paschal Donohoe: Section 473A of the Taxes Consolidation Act 1997 provides for tax relief at the standard rate of income tax (20%) in respect of qualifying fees paid by an individual for a third level education course, subject to the terms and conditions set out in that section.  Qualifying fees mean tuition fees in respect of an approved course at an approved college, reduced by the amount of the...

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

Paschal Donohoe: As the Deputy is aware, Recommendation 4 of the Cost of Insurance Working Group’s (CIWG) Report on the Cost of Employer and Public Liability Insurance required the Department of Finance to publish a key information report on employer liability (EL) and public liability (PL) insurance claims by Q4 2018. In order to do this, the CIWG’s data sub-group developed a template with...

Written Answers — Department of Finance: Revenue Commissioners Investigations (6 Sep 2019)

Paschal Donohoe: Section 851A of the Taxes Consolidation Act 1997 requires Revenue to uphold taxpayer confidentiality and prohibits the release of any information that could lead to the identification of taxpayers. Revenue has however, assured me that it carries out a full range of risk-based interventions to combat all types of tax evasion and non-compliance. These interventions include visits to...

Written Answers — Department of Finance: Revenue Commissioners Investigations (6 Sep 2019)

Paschal Donohoe: I am advised by Revenue that extensive efforts are made to engage with sub-contractors (and their agents) to ensure that the Relevant Contracts Tax (RCT) system is operated correctly.  Since 1 January 2012, all RCT payment and return filing activity is conducted online using the Revenue Online Service (ROS). The online facility provides sub-contractors with access to a range of...

Written Answers — Department of Finance: Proposed Legislation (6 Sep 2019)

Paschal Donohoe: Post-Brexit when the UK becomes a third country, under the CSD Regulation, Euroclear UK & Ireland will no longer be able to provide its services into the Irish market.  In response to Brexit and its anticipated impact on the Irish market, Euronext Dublin (formerly the ISE) announced in October 2018 that it would transfer the settlement of trades in Irish equities and...

Written Answers — Department of Finance: Revenue Commissioners Staff (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 125 to 128, inclusive, together. The Government has been clear that it is determined in the context of Brexit, deal or 'no deal', to avoid the need for a hard border on the island of Ireland. I am assured by Revenue that in line with that policy it has not purchased or leased land or premises nor has it any such plans, within 30km of the Border. In...

Written Answers — Department of Finance: Real Estate Investment Trusts (6 Sep 2019)

Paschal Donohoe: I propose to take Questions Nos. 129 and 130 together. Finance Act 2013 introduced the regime for Real Estate Investment Trusts (REITs) in Ireland. The function of the REIT framework is not to provide an overall tax exemption but rather to facilitate collective investment in rental property by removing a double layer of taxation which would otherwise apply on property investment via a...

Written Answers — Department of Finance: IBRC Legal Cases (6 Sep 2019)

Paschal Donohoe: I am advised by the Special Liquidators that a settlement agreement was entered into between the parties to the proceedings and, due to the confidentiality provisions in the settlement agreement, its terms cannot be referred to.

Written Answers — Department of Finance: IBRC Legal Cases (6 Sep 2019)

Paschal Donohoe: Since the date of the Special Liquidation in 2013, IBRC has reduced the number of legal cases under active management from over 1,100 to approximately 82 sets of legal proceedings (comprising 63 cases as defendant, 19 recovery and enforcement actions) and one alternative dispute resolution case. Many of these proceedings are high profile and/or are of significant value, involving former...

Written Answers — Department of Finance: IBRC Operations (6 Sep 2019)

Paschal Donohoe: On 11 March 2015, Life Company Consolidation Group Limited (“LCCG”), through its Irish subsidiary, Life Company Consolidation Group Ireland Limited, acquired the entire share capital of IBRC Assurance Company Limited (“IBRCAC”) from IBRC (in Special Liquidation). Following the sale in March 2015 IBRCAC was renamed Harcourt Life Assurance Company Limited. The...