Results 14,501-14,520 of 32,640 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Repayments (11 Jun 2019)

Paschal Donohoe: In relation to the first part of the Deputy's question, that whether, on the transfer of a mortgage, payments by direct debit to a new loan owner (payee) requires a written mandate from the borrower (payer) authorising the direct debits from its bank (payer’s bank), I am advised by the Central Bank of Ireland that Payment Service Providers (PSPs) are required to comply with the...

Written Answers — Department of Finance: Tracker Mortgages (11 Jun 2019)

Paschal Donohoe: Permanent TSB has provided the following comments in response to the Deputy's question: “This case was settled out of court by agreement between both parties and the specific terms of the settlement are covered by a confidentiality agreement agreed between the parties. “Nevertheless PTSB has confirmed that its approach in this case did not involve a change to any of...

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

Paschal Donohoe: I am advised by Revenue that Customs is an EU competence and that the legislation governing reliefs from customs duty is set out in Council Regulation (EC) No 1186/2009 (the Regulation) and Council Directive 2009/132/EC (the Directive).  The Regulation is binding in its entirety and directly applicable in all member States of the European Union including Ireland.  As a result, it is...

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

Paschal Donohoe: The Report of the Working Group on the Tax and Fiscal Treatment of Landlords was submitted to me for consideration in September 2017, in advance of its publication on Budget Day, 10 October 2017. The report put forward options for further consideration, rather than recommendations, and any further consideration would require the participation of several Departments and organisations,...

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

Paschal Donohoe: Following contact between my officials and the Deputy's office I understand that the Deputy is referring to the motor tax and toll charges applicable to taxis which qualify under the Wheelchair Accessible Vehicle Grant Scheme. This scheme is operated by the National Transport Authority, under the aegis of the Department of Transport, Tourism and Sport. Accordingly,...

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

Paschal Donohoe: I assume the Deputy is referring to the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme which 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...

Written Answers — Department of Finance: Money Laundering (11 Jun 2019)

Paschal Donohoe: The principal piece of legislation in Ireland on anti-money laundering (AML) and the countering of the financing of terrorism (CFT) is the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended) (the CJA 2010). The Central Bank of Ireland (the Central Bank) is the competent authority in Ireland responsible for the monitoring and supervision of financial and credit...

Written Answers — Department of Finance: Vehicle Registration (11 Jun 2019)

Paschal Donohoe: I am advised by Revenue that it has not yet received a declaration for the car model in question from the vehicle distributor and as such there is no delay in the process. The Deputy may wish to note that when a new model of vehicle is being launched onto the Irish market, the distributor is required to make an ‘Open Market Selling Price’ (OMSP) declaration to Revenue. This...

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

Paschal Donohoe: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. 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...

Written Answers — Department of Finance: Tracker Mortgage Examination (11 Jun 2019)

Paschal Donohoe: As the Deputy will be aware, the industry wide Tracker Mortgage Examination review is the largest most complex and most significant supervisory review in the history of the Central Bank of Ireland in respect to its consumer protection mandate. It has revealed the unacceptable damage that misconduct can cause to consumers up to and including the loss of their homes and properties in some...

Written Answers — Department of Finance: Tracker Mortgages (11 Jun 2019)

Paschal Donohoe: Since 2013, the Central Bank’s practice is to remit the value of all monetary penalties in full to the Exchequer and, thereby, ultimately to the citizens of the Irish State. The treatment of fines related to the Tracker Mortgage Examination will be remitted to the Exchequer in full in the same way. This practices arises from when, in 2012, the Central Bank consulted on the...

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...