Results 14,021-14,040 of 32,569 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Irish Collective Asset Management Vehicles (2 Jul 2019)

Paschal Donohoe: The Irish Collective Asset-management Vehicle (ICAV), which was introduced in 2015, is a corporate vehicle designed specifically for Irish domiciled and regulated investment funds. The Central Bank of Ireland is the national competent authority for investment funds in Ireland and in addition acts as the registrar for ICAVs. All ICAVs must registered and authorised by the Central Bank of...

Written Answers — Department of Finance: Credit Union Regulation (2 Jul 2019)

Paschal Donohoe: Credit unions in Ireland are regulated and supervised under a specific piece of legislation - the Credit Union Act, 1997 and regulations issued by the Central Bank, which set out the framework for the registration, regulation and operation of credit unions including detailed governance requirements and prudential requirements on items including reserves, liquidity, member savings and lending....

Written Answers — Department of Finance: Fiscal Policy (2 Jul 2019)

Paschal Donohoe: I am informed by the Revenue Commissioners that cost of reducing the rate of Capital Gains Tax (CGT) can be found in Revenue’s Ready Reckoner at the following link: . For the Deputy's convenience, the following table presents this information. Reduction in the CGT Rate Full Year € Million From 33% to 32% 37 From 33% to 31% 73 From 33% to 28% 183

Written Answers — Department of Finance: Fiscal Policy (2 Jul 2019)

Paschal Donohoe: I am informed by the Revenue Commissioners that the cost of reducing the rate of DIRT can be found in Revenue’s Ready Reckoner at link: . For the Deputy's convenience, the following table presents this information. Reduction in the standard rate of DIRT Full Year € Million From 33% to 31% 5 From 33% to 29% 10 From 33% to 27% 14

Written Answers — Department of Finance: Carbon Tax Yield (2 Jul 2019)

Paschal Donohoe: I am informed by Revenue that the solid fuel carbon tax collected in 2017 and 2018, by the supplied categories, is provided in the following table. Details 2017 Millions € 2018 Millions € Coal to Greenhouse Gas emissions permit holders 1.13 1.39 All other taxable coal 13.55 17.91 Peat Briquettes 4.32 5.96 Milled Peat 0.01 0.01 Other Peat 0.08 0.07 Total 19.09 25.34

Written Answers — Department of Finance: Revenue Commissioners Staff (2 Jul 2019)

Paschal Donohoe: It is estimated that the full year cost of recruiting 40 additional audit and compliance staff at Administrative Officer (AO) level would be approximately €2.6 million. This figure is calculated based on the mid-point of the current Administrative Officer salary scale, which is €41,791 per annum; and in line with guidance on the calculation of staff costs including the...

Written Answers — Department of Finance: Help-To-Buy Scheme (2 Jul 2019)

Paschal Donohoe: The Help to Buy incentive (HTB) is scheduled to expire on 31 December 2019. This is provided for in Section 477C of the Taxes Consolidation Act 1997. As is normal practice, the role and operation of the incentive will be examined in the context of the forthcoming Budget and Finance Bill process. It would be premature at this point to anticipate the outcome of that examination.

Written Answers — Department of Finance: Financial Services Regulation (2 Jul 2019)

Paschal Donohoe: I am informed by the Central Bank that it does not collect the data on these in the way the Deputy requests. The term charge-back can cover many circumstances. Requests for refunds may be handled by the card issuer in accordance with rules established by industry. It may be helpful, however, to outline the legal position in respect of unauthorised and incorrectly executed payments....

Written Answers — Department of Finance: Departmental Reviews (2 Jul 2019)

Paschal Donohoe: In response to the Deputy's question, the following table sets out the live studies, reviews and research currently being undertaken by my Department, including the date by which each is scheduled to be completed. Live studies, reviews and research undertaken or commissioned Date by which each study, review and research is scheduled to be completed Department of Finance History Fellowship...

Written Answers — Department of Finance: Departmental Reports (2 Jul 2019)

Paschal Donohoe: In response to the Deputy's question, the following table sets out the policy documents and strategies published by my Department since 1 January 2016. Policy documents and strategies Year published Ireland for Finance: The strategy for the development of Ireland's international financial services sector to 2025 2019 Guidance Note on Transfer of Banking Business 2019 Revision National...

Written Answers — Department of Finance: Summer Economic Statement (2 Jul 2019)

Paschal Donohoe: The carryover to 2020 of tax measures introduced in Budget 2019 is estimated to be in the region of €0.05 billion. As part of the preparations for Budget 2019, it was estimated that the Exchequer yield from non-indexation of the income tax system would be in the region of €0.57 billion on a full year basis. In light of the publication of the Revenue Commissioners Post-Budget...

Written Answers — Department of Finance: Brexit Preparations (2 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 204 and 209 together. Due to the unprecedented nature of Brexit there is considerable uncertainty regarding what will be its precise impact on the economy as a whole, and on particular sectors. As a result it is challenging to accurately estimate the effect of a disorderly Brexit on the Exchequer borrowing requirement and, consequently, on the general...

Written Answers — Department of Finance: Summer Economic Statement (2 Jul 2019)

Paschal Donohoe: The Summer Economic Statement (SES) 2019 sets out a medium term strategy involving an illustrative €0.6 billion in tax reductions each year to 2024. This is a technical assumption embedded in the projections. The origin of the technical tax reductions dates back to the full application of net fiscal space, with the indicative allocation set out in the SES 2016 (table 2). In line...

Written Answers — Department of Finance: National Broadband Plan Expenditure (2 Jul 2019)

Paschal Donohoe: As I indicated in my response to Parliamentary Question No. 134 on 21 May, the National Broadband Plan (NBP) is currently expected to require an additional c. €0.2 billion in each of 2021 and 2022 and c. €0.3 billion in each of 2023 and 2024. Table 4 of the Summer Economic Statement (SES) 2019 notes that the expenditure developments include the impact of the NBP. The expenditure...

Written Answers — Department of Finance: Brexit Preparations (2 Jul 2019)

Paschal Donohoe: The 'twin track' approach proposed in the Summer Economic Statement allows the maximum flexibility in terms of preparing for Budget 2020. It covers the 'orderly' Brexit scenario but alternatively should a 'disorderly' Brexit arise, this would present the baseline for any additional support required. In terms of the fiscal impact of a no-deal Brexit, it should be noted that the current...

Written Answers — Department of Finance: Summer Economic Statement (2 Jul 2019)

Paschal Donohoe: The calculation of the available 2020 budgetary package in the Summer Economic Statement 2019, based on projections as set out in the Stability Programme Update 2019, is consistent with a: €0.7 billion increase in capital expenditure; €1.5 billion increase in current expenditure; and €0.6 billion allocated for taxation measures. This amounts to an overall nominal...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the person in question, is registered on the Drivers and Passengers with Disabilities Scheme as a passenger in his spouse's vehicle. The vehicle's exempted status was recently removed in error due to a malfunction between the Department of Transport, Tourism and Sport and Revenue's IT systems. The malfunction arose when the person applied to have the...

Written Answers — Department of Finance: Revenue Commissioners Staff (2 Jul 2019)

Paschal Donohoe: The Revenue multi-annual budget for 2019 provides for a whole time equivalent (WTE) permanent staffing level of 6,384. Revenue have appointed over 600 staff from open and interdepartmental competitions since the start of 2019. Revenue is an integrated tax and customs administration. In 2019 almost 400 of staff recruited from open or interdepartmental competitions have been assigned to...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Jul 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: Summer Economic Statement (2 Jul 2019)

Paschal Donohoe: Table A1 of the Summer Economic Statement (SES) 2019 outlines the calculation of the available fiscal space from 2020 to 2024. This is based on 'Scenario A' of the Summer Economic Statement, i.e. an 'orderly' Brexit in October. As discussed in the SES, Scenario A is consistent with the projections as set out in the Stability Programme Update 2019, accounting for adjustments to...