Results 14,161-14,180 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Exemptions (27 Jun 2019)

Paschal Donohoe: In the form in which it is presented, the Deputy's question refers to two separate schemes, namely the Back to Work Enterprise Allowance (BWEA) scheme and the Start Your Own Business (SYOB) tax incentive scheme; however both share the common objective of encouraging enterprise by individuals. The former is operated under the auspices of the Minister for Employment Affairs and Social...

Written Answers — Department of Finance: Universal Social Charge Yield (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the net receipts from the application of the USC in the last 5 years are as follows: Year USC €m 2014 3,647 2015 4,174 2016 3,968 2017 3,724 2018 3,739 The amount of revenue to be collected in 2019 from the application of the USC is currently estimated to be €3.9 billion.

Written Answers — Department of Finance: Revenue Commissioners Investigations (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that it carries out a full range of interventions to combat all types of tax evasion and non-compliance. This includes a clear focus on the practice of disguised employment and challenging the inappropriate classification of workers as self-employed contractors. Revenue has also advised me that it carries out significant numbers of outdoor ‘site’...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (27 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 50 and 51 together. Where investment management and pension consultancy firms are providing regulated activities under financial services legislation these firms are authorised and regulated by the Central Bank in respect of these services. The Central Bank publishes the Registers of those firms authorised under the relevant financial services legislation. The...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (27 Jun 2019)

Paschal Donohoe: The Central Bank of Ireland have provided the following tables setting out the number and details of enforcement proceedings by the Central Bank in each of the years since 2013 (to date). Enforcement actions against regulated firms and individuals under the Administrative Sanctions Procedure (ASP) Year Number Fines Imposed 2019 3* €22,526,189 2018 10 €7,441,000 2017 11...

Written Answers — Department of Public Expenditure and Reform: Financial Services Sector (27 Jun 2019)

Paschal Donohoe: I welcome the OECD Report of Financial Reporting in Ireland. My officials are currently considering the report and the recommendations, to consider options for implementation. The OECD Review of Financial Reporting in Ireland builds on the experience and knowledge acquired by the Budgeting and Public Expenditures Division of the OECD Directorate for Public Governance over past decades...

Written Answers — Department of Finance: Cycle to Work Scheme (26 Jun 2019)

Paschal Donohoe: The Cycle To Work scheme provides an exemption from tax on the first €1,000 of expenditure incurred by an employer in connection with the provision of a bicycle or safety equipment to an employee or director. The bicycle must be for the employee/director’s personal use in undertaking the whole or part of the journey to or from work. Safety equipment includes helmets, lights,...

Written Answers — Department of Finance: Central Bank of Ireland (26 Jun 2019)

Paschal Donohoe: As the Deputy is aware, credit unions are regulated and supervised by the Registrar of Credit Unions at the Central Bank who is the independent regulator for credit unions. Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability, and to protect the savings of credit union members. Since...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that 10 companies granted qualifying share options under the Key Employee Engagement Programme (KEEP) to employees during 2018 (the first year of the scheme). In relation to the cost of the scheme to date, as no exercises of options have taken place to date, there has been no cost to the Exchequer in this regard. The KEEP legislation provides for an exemption from...

Written Answers — Department of Finance: Tax Rebates (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the tax rebate to which the Deputy is referring was recently approved and issued to the person’s nominated bank account. It was not possible for Revenue to issue the repayment prior to this time as there were other outstanding issues that required attention by the person.

Written Answers — Department of Finance: Brexit Staff (26 Jun 2019)

Paschal Donohoe: I am informed by Revenue that since the start of 2019, Revenue has appointed over 550 staff from open recruitment and interdepartmental competitions, the majority of these have been assigned to customs roles or to backfill positions from which existing Revenue staff have been assigned to customs duties. As serving staff take up their new Brexit-related roles, Revenue is back-filling the...

Written Answers — Department of Finance: Economic and Social Research Institute (26 Jun 2019)

Paschal Donohoe: As part of ongoing engagement between my Department and external institutions, officials within my Department engaged in discussions with officials from the ESRI in relation to the publication of its Quarterly Economic Commentary on Thursday 20thJune. My officials have briefed me on the findings and recommendations that are set out by the ESRI in its report. In terms of the overall...

Written Answers — Department of Finance: Vehicle Registration (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that where a vehicle is moved from one Member State of the EU to another a registration certificate from the first Member State is a requirement when re-registering the vehicle. This requirement is set out in the VRT section on the Revenue website at General information on registration. I am also advised that since earlier this year some importers of used...

Written Answers — Department of Finance: Carbon Tax Collection (26 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the estimated cost to the consumer of Carbon Tax (including VAT) on each of the requested units and commodity types is provided in the table below. Carbon Tax (tonne of CO2) Coal 40kg Briquettes (12.5kg) Petrol (L) Diesel (L) Kerosene (L) Natural gas (Gross KwH) €5 €0.60 €0.13 €0.01 €0.02 €0.01 €0.01...

Written Answers — Department of Finance: Insurance Costs (26 Jun 2019)

Paschal Donohoe: At the outset, the Deputy should note that I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept....

Summer Economic Statement 2019: Statements (25 Jun 2019)

Paschal Donohoe: That would be after the stabilisers have occurred. I want to address another point made by the Deputy and touched on by Deputy Pearse Doherty. The point of the summer economic statement is not to make budget day decisions or indicate their detail; it is only to provide resources available and overall statements on what we are likely to do from a policy point of view. That figure is...

Summer Economic Statement 2019: Statements (25 Jun 2019)

Paschal Donohoe: As to which sectors of the economy and what parts of our country would be important when making these decisions, food exporting and small and medium-sized companies in some sectors will be particularly affected by Brexit. Have we decided the form of support that would be available to them? At this point, that decision has not been made but we are looking at options as to how we would respond.

Summer Economic Statement 2019: Statements (25 Jun 2019)

Paschal Donohoe: I take the Deputy's point. This is a live issue that we will return to in the debate that is under way on the reform of the Common Agricultural Policy. The Deputy will know that that is income support made available in return for certain forms of activity. It is more likely to be in that space that the debate he raises will play out. As to whether it would be part of a Brexit response, I...

Summer Economic Statement 2019: Statements (25 Jun 2019)

Paschal Donohoe: That is why I said in the SES that the response from the Government has to be a mixture of two things. The first is how we support people at a time of difficulty, and the other is how we put in place plans and activities to help the economy rebalance. Both have to be done at the same time. We are planning a further increase in public capital investment next year of €700 million. It...

Summer Economic Statement 2019: Statements (25 Jun 2019)

Paschal Donohoe: Both of those are budget day decisions. I will not comment on what Deputy Michael McGrath or other political parties might be saying about this. The budgetary process will begin in September. Members of the House are commenting on what we have said today. I will be approaching budget 2020 in good faith and in a professional way with Deputy Michael McGrath and Deputy Cowen. It is not the...