Results 13,821-13,840 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Lending (24 Oct 2019)

Paschal Donohoe: The Central Bank of Ireland has an overall and independent responsibility to promote and protect financial stability and the mortgage lending measures, which were introduced in 2015, are an important tool available to the Bank for that purpose.  The Central Bank has committed itself to keeping the particular leading measures under review and the Bank is conducting...

Written Answers — Department of Finance: Brexit Preparations (24 Oct 2019)

Paschal Donohoe: Budget 2020 was presented on the basis of a disorderly exit by the United Kingdom (UK) from the European Union (EU). Given uncertainty around the manner and timing of the UK’s departure this was the correct approach to take. Should the UK leave the EU on an orderly basis, through implementation of the Withdrawal Agreement recently agreed between the UK and EU, Ireland’s fiscal...

Written Answers — Department of Finance: Tax Compliance (24 Oct 2019)

Paschal Donohoe: I am advised by Revenue that the following table ##sets out the compliance measures introduced since Budget 2012. The table includes the projected yields and the actual yields achieved. Links to various relevant analysis and reviews published by Revenue are also included for the Deputy’s information. The total yields are determined using a conservative approach as other actions and...

Written Answers — Department of Finance: Tax Code (24 Oct 2019)

Paschal Donohoe: Officials from my Department met with the association referred to by the Deputy as part of the normal pre-Budgetary consultation process in September, 2019. I have noted the issues raised and proposals made in respect of Capital Gains Tax (CGT) by the organisation in its pre-Budget submission and in particular around possible changes to the revised Capital Gains Tax Entrepreneur Relief. ...

Written Answers — Department of Finance: Financial Services Regulation (24 Oct 2019)

Paschal Donohoe: The Central Bank has received more than 100 Brexit-related applications for authorisation. These include applications both to establish new legal entities and from existing entities seeking to extend their current authorisation. I am advised that the Central Bank does not comment on individual applications for authorisation. The Central Bank is working to ensure that...

Written Answers — Department of Public Expenditure and Reform: Brexit Supports (24 Oct 2019)

Paschal Donohoe: I propose to take Questions Nos. 81 to 83, inclusive, together. Table 2 on page 38 of Expenditure Report 2020 sets out the elements that comprise the overall gross voted expenditure amount of €71.4 billion for 2020. As set out in this table, before taking account of certain Brexit related costs of €1.2 billion and timing related cash costs of €169 million, the overall...

Written Answers — Department of Public Expenditure and Reform: Government Expenditure (24 Oct 2019)

Paschal Donohoe: The initial Revised Estimates for 2016 (published in December 2015) set out an allocation of €13.149 billion of current expenditure for the Health Vote. However, these Revised Estimates were not considered by Committee or agreed by the Dáil before the Dáil was dissolved on 3 February 2016. In June 2016, the Revised Estimates were amended, and a total of €13.695 billion...

Written Answers — Department of Public Expenditure and Reform: Budget 2020 (24 Oct 2019)

Paschal Donohoe: I wish to advise the Deputy that my Department did not produce any promotional videos on Budget 2020 or pay for any social media promotion.

Written Answers — Department of Public Expenditure and Reform: Departmental Legal Cases Data (24 Oct 2019)

Paschal Donohoe: No financial settlements (as defined by the Deputy's office), were reached by my Department in the stated period. The detail of financial settlements reached by bodies under the aegis of my Department, and any inclusion of a confidentiality clause, is set out in the following table.  I am advised that the Office of Public Works will respond directly to the...

Written Answers — Department of Public Expenditure and Reform: National Children's Hospital Expenditure (24 Oct 2019)

Paschal Donohoe: The roll out of the national children’s hospital is a matter for the Minister for Health and it is his responsibility to manage this cost within his multi annual capital envelope. As the Deputy will be aware the capital allocation for Health increased by €80 million in the recently published Budget figures.  The increase in the Health capital expenditure allocation for 2020...

Written Answers — Department of Public Expenditure and Reform: National Children's Hospital Administration (24 Oct 2019)

Paschal Donohoe: Appointments to the National Paediatric Hospital Development Board are a matter for my colleague the Minister for Health and all matters relating to this Board should properly be addressed to him. The Chief Procurement Officer (CPO) served on the Board in a personal capacity and not as part of his role as CPO nor as a representative of my Department. The roll-out of the National...

Finance Bill 2019: Order for Second Stage (23 Oct 2019)

Paschal Donohoe: I move: "That Second Stage be taken now."

Finance Bill 2019: Second Stage (23 Oct 2019)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." Two weeks ago, I made my Budget Statement and outlined the many challenges that our economy had gone through. Despite those challenges and issues, we have economic growth that is broadly based, public capital investment will increase by 22% and the unemployment rate has fallen to 5.3%. Tax revenues are largely in line with forecasts and...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (23 Oct 2019)

Paschal Donohoe: I would have hoped the Deputy would recognise the measures I introduced in the budget to support small and medium-sized companies. Those measures have been recognised by many of the firms' representatives as delivering the change for which they were looking.

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (23 Oct 2019)

Paschal Donohoe: On Deputy Howlin's point about food supplements, the only problem with his analysis is that the Revenue Commissioners do not agree with it.

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (23 Oct 2019)

Paschal Donohoe: The Revenue Commissioners have indicated that in the absence of any change, they will adjust the VAT rate to 23% on 1 November. This time last year Deputy Howlin and others were calling on me to prevent that from happening. I have now made it clear that those products that are regulated by the agencies of the Department of Health will retain the 0% rate. The VAT rate of products without...

Written Answers — Department of Finance: Pension Provisions (23 Oct 2019)

Paschal Donohoe: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. The threshold was initially set at €5 million, which was subsequently reduced to €2.3 million in 2010 and further reduced in Budget 2014 and Finance (No 2)...

Written Answers — Department of Finance: Insurance Costs (23 Oct 2019)

Paschal Donohoe: I can assure the Deputy that insurance reform remains a priority for the Government.  The Cost of Insurance Working Group (CIWG), which was established in July 2016, has produced two reports, and is continuing to work to implement the recommendations of the Cost of Motor Insurance Report and the Cost of Employer and Public Liability Insurance Report.  The most recent Update Report,...

Written Answers — Department of Finance: Tax Reliefs Application (23 Oct 2019)

Paschal Donohoe: I am advised by Revenue that tax relief for employees may be granted for contributions to an “exempt approved” occupational pension scheme under section 774 Taxes Consolidation Act 1997 (TCA); contributions to a statutory scheme under section 776 TCA; contributions to a retirement annuity under section 784 TCA; contributions to a Personal Retirement Savings Account (PRSA) under...

Written Answers — Department of Finance: Foreign Earnings Deduction (23 Oct 2019)

Paschal Donohoe: The Foreign Earnings Deduction applies to taxpayers who work abroad during a tax year and one of the conditions of receiving the deduction is that the taxpayer must work in a relevant state, of which there are 30 eligible states. All of these 30 relevant states are non-EEA states.  In 2017, the most recent year for which data are available, the incentive cost €3.9 million and...