Results 14,441-14,460 of 32,569 for speaker:Paschal Donohoe

Written Answers — Department of Finance: VAT Payments (11 Jun 2019)

Paschal Donohoe: I am advised by the Revenue Commissioners that under the VAT Consolidation Act, a person registered for Irish VAT who makes an intra-community acquisition of goods, such as bicycles, is required to self-account for Irish VAT on the reverse charge basis at the appropriate Irish VAT rate in their VAT returns. Where a person makes an intra-community acquisition of goods and does not...

Written Answers — Department of Finance: VAT Rebates (11 Jun 2019)

Paschal Donohoe: The Retail Export Scheme allows a tourist or traveller resident outside the European Union (EU) to claim a refund of the Value-Added Tax (VAT) charged on goods purchased in the EU. The goods must be exported from the EU by the tourist or traveller within three months of purchase. It is the retailer or VAT refund agent who makes the VAT refund to the tourist or traveller rather than...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (11 Jun 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: Insurance Coverage (11 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 160 and 171 together. 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...

Written Answers — Department of Finance: Community Banking (11 Jun 2019)

Paschal Donohoe: As the Deputy is aware, my Department in conjunction with the Department of Rural and Community Development, issued a report on Local Public Banking in Ireland last year. The report concluded that there is not a compelling case for the State to establish a new local public banking system based on the German Sparkassen model in Ireland. However, a commitment was given in the report that...

Written Answers — Department of Finance: Tax Data (11 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 162 to 165, inclusive, together. I will first refer to the Deputy's question relating to details of the property-related tax incentives that are available for all types of investment funds. I would like to advise the Deputy that there are no property related tax incentives for investment funds. Irish collective investment vehicles which are authorised and...

Written Answers — Department of Finance: NAMA Investigations (11 Jun 2019)

Paschal Donohoe: I am informed by NAMA that two complaints regarding potential breaches of Section 172(3) of the NAMA Act 2009 have been brought to their attention.  In relation to one of the alleged breaches, I am advised that NAMA has concluded its investigations and is satisfied that no breach has occurred. In relation to the second alleged breach, I am advised that An Garda Síochána...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jun 2019)

Paschal Donohoe: A relief on Mineral Oil Tax (MOT) paid on auto-diesel purchased within the State by qualifying operators is provided for by Section 99A of the Finance Act 1999 (as inserted by Section 51 of the Finance Act 2013). The repayment amount is calculated by reference to a sliding scale based on the average price at which auto-diesel is available for purchase during a repayment period. The maximum...

Written Answers — Department of Finance: Tax Credits (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that it recently made direct contact with the person in question and also issued a written response to the queries raised. Revenue also confirmed, that it clarified to the person that it cannot grant the tax credit in question where a medical practitioner does not confirm that there is reasonable expectation that the patient will not be capable of maintaining himself...

Written Answers — Department of Finance: Tax Code (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that there is no statutory definition of employment or self-employment in tax law.  In general, an individual is an employee if he or she is directed by a person on how, when and where to work, has set working hours, has no personal financial risk relating to the work, receives a fixed wage, supplies labour only and cannot subcontract the work. Some years ago, the...

Written Answers — Department of Finance: Central Bank of Ireland Staff (11 Jun 2019)

Paschal Donohoe: The New Zealand State Services Commissioner is carrying out an investigation into the unauthorised access of New Zealand Budget material and the events surrounding it. The State Services Commissioner, Peter Hughes, has stated that his office will not be making any comment on the matter until his investigation is concluded and all of the facts have been ascertained. The investigation...

Written Answers — Department of Finance: EU Regulations (11 Jun 2019)

Paschal Donohoe: Statutory Instrument 110 of 2019, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, was signed into law on 22 March 2019. These Regulations transpose Article 30 of the Fifth Anti-Money Laundering Directive and maintain the obligation, first established in 2016, for corporate entities to obtain and hold information on their beneficial...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (11 Jun 2019)

Paschal Donohoe: As the Deputy will be aware, the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions. I have no role in the day to day workings of the office or in the decisions which he takes.  One of the main roles of the Ombudsman is to investigate, mediate and adjudicate complaints about the conduct of financial...

Written Answers — Department of Finance: Tax Credits (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the estimated cost associated with an increase to the Earned Income Credit can be found on page 6 of the Revenue Ready Reckoner, which is available at the link: . It is estimated that an increase in the value of the Earned Income Credit from its current level of €1,350 to €1,500 would have a first year cost of €20 million and a full...

Written Answers — Department of Finance: Credit Unions (11 Jun 2019)

Paschal Donohoe: As the Deputy may be aware, the Credit Union Act 1997 has already been subject to significant amendment. The Commission on Credit Unions was established on 31 May 2011 to review the future of the movement and make recommendations in relation to the most effective regulatory structure for credit unions, taking into account their not-for-profit mandate, their volunteer ethos and...

Written Answers — Department of Finance: Departmental Staff (11 Jun 2019)

Paschal Donohoe: It is estimated that the full year cost of recruiting 20 additional tax specialists at Assistant Principal Officer level would be approximately €2.2 million. This figure is calculated based on the mid-point of the current Assistant Principal Officer salary scale, which is €74,397 per annum; and in line with guidance on the calculation of staff costs including the estimation of...

Written Answers — Department of Finance: State Banking Sector Regulation (11 Jun 2019)

Paschal Donohoe: As the Deputy will be aware, Relationship Frameworks are in place between the Minister for Finance and the banks in which the State has a shareholding. Under these Relationship Frameworks, the relevant banks are required to consult with the Minister as part of any loan sale being proposed. This consultation process does not require input from the Central Bank of Ireland. I have...

Written Answers — Department of Finance: EU Issues (11 Jun 2019)

Paschal Donohoe: Last week, the European Commission published its Country Specific Recommendations for all EU Member States, which are an integral part of the European Semester cycle of economic governance. The overall objective is to encourage the Member States to increase their growth potential by continuing to improve their economies and further strengthening their economic resilience. It is important...

Written Answers — Department of Finance: Excise Duties Reliefs (11 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 179 and 180 together. Ireland's excise duty treatment of fuel used for air navigation is based on European law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive. Under this Directive, Member States are obliged to exempt certain fuels used for commercial aviation purposes from...

Written Answers — Department of Finance: Stability Programme Data (11 Jun 2019)

Paschal Donohoe: I can advise the Deputy that the total general government expenditure figures as published in Table A10 of the Stability Programme Update 2019 encompass Exchequer expenditure as well as expenditure from general government bodies. Thus this takes into account the voted capital allocations under the National Development Plan.