Results 14,621-14,640 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Proposed Legislation (4 Jul 2019)

Paschal Donohoe: As I announced recently, I received the agreement of Government on 18th June to begin the process of drafting heads of a Central Bank Amendment Bill. This follows extensive preparatory work by my officials, in consultation with the Central Bank, over the past year. The next step in the process is engagement by my officials with the Office of the Parliamentary Counsel to begin drafting...

Written Answers — Department of Finance: Proposed Legislation (4 Jul 2019)

Paschal Donohoe: The updating of the Investment Limited Partnership (ILP) Act, 1994 is a priority on the Government's legislative programme. The ILP Act has been in use since 1994 and it is widely acknowledged that it needs to be updated to fit the environment and its intended clientele. There have been significant changes in the financial area in the past 25 years and the revisions contained in the...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (4 Jul 2019)

Paschal Donohoe: As the Deputy will be aware, Ireland and the UK are currently partners in two EU-funded cross-border Cooperation Programmes, PEACE and INTERREG, with a total value of €550 million over the period 2014-2020. These programmes are 85% funded by the EU through the European Regional Development Fund under the European Union's Cohesion Policy. The two programmes are important drivers of...

Written Answers — Department of Public Expenditure and Reform: Home Loan Scheme (4 Jul 2019)

Paschal Donohoe: The Rebuilding Ireland Home Loan launched in February 2018 with initial funding of €200m expected to issue over three years. The actual level of demand has been higher than expected, as result of which, the scheme requires a further tranche of funds to be borrowed by the HFA for it to continue. The Minister for Housing, Planning and Local Government and I have been in discussions...

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (4 Jul 2019)

Paschal Donohoe: As Minister for Public Expenditure & Reform I am responsible for setting the overall capital allocations across Departments and for monitoring monthly expenditure at Departmental level. The responsibility for the management and delivery of the individual investment projects, within the time period 2014 - 2019, rests with the individual sponsoring Department in each case. Under...

Written Answers — Department of Public Expenditure and Reform: Ministerial Transport (4 Jul 2019)

Paschal Donohoe: The car used for official duties is a Skoda Superb with a diesel engine.

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (4 Jul 2019)

Paschal Donohoe: Public Procurement is governed by WTO, EU and National rules and guidelines. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. WTO rules and EU Directives on public procurement require that public works, supplies and service contracts above certain thresholds must be advertised on the Official...

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (3 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 and 110 together. 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...

Written Answers — Department of Finance: Tax Code (3 Jul 2019)

Paschal Donohoe: The issue of aviation taxes is currently the subject of discussions amongst Member States and a matter for consideration by the European Commission in the context of its legislative right of initiative. We understand the context in which such discussions are taking place and Ireland will engage in any EU level discussions on this issue in a constructive manner.

Written Answers — Department of Finance: Illegal Fuel Sales (3 Jul 2019)

Paschal Donohoe: The threat that fuel fraud and the illicit tobacco trade pose to legitimate business, to consumers and the Exchequer is clear and I am assured by Revenue that combating such criminality continues to be a priority for them. Steps taken by Revenue to combat the illegal fuel trade include the introduction of stringent supply chain controls and reporting requirements, and a rigorous programme...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (3 Jul 2019)

Paschal Donohoe: The Home Renovation Incentive (HRI) was introduced by Section 477B of the Taxes Consolidation Act 1997 in 2014. I currently have no plans to re-introduce the scheme which terminated in accordance with its sunset clause on 31 December 2018. Under my Department's Tax Expenditure Guidelines, the introduction of new tax incentive measures should only be considered in circumstances where...

Written Answers — Department of Finance: Property Tax Exemptions (3 Jul 2019)

Paschal Donohoe: The requested data, (the number of households exempted from property tax by county) as available at 31 December 2018 is set out in tabular form in Revenue's End of Year statistics report for the Local Property Tax, (available at www.revenue.ie/en/corporate/documents/statistics/lpt/local-p roperty-tax-2018.pdf) at page 8 of the document. The various exemption types are generally...

Written Answers — Department of Finance: Tax Code (3 Jul 2019)

Paschal Donohoe: I am informed by Revenue that it is not possible to be definitive about the inheritance tax position in this case given the absence of specific information. For inheritance tax purposes, the relationship between the person who provides the inheritance (i.e. the disponer) and the person who receives the inheritance (i.e. the beneficiary) determines the life-time tax-free threshold - known...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: I welcome the opportunity to attend the committee to discuss the summer economic statement published on 25 June 2019. The statement sets out the key elements of the Government's medium-term economic and fiscal strategy and updates the economic parameters for discussion in the Dáil in advance of budget 2020. A decade on from the financial crisis, we have experienced a remarkable...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: It fits inside that. The figure of €600 million is generated by the non-indexation of the tax code against income growth. That €600 million forms part of the unallocated figure of €700 million-----

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: It is not in addition. It is not a figure of €1.3 billion.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: It is included within it.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: Yes. To be completely clear, it involves row D in table 6, an unallocated figure of €700 million, which includes the €600 million to which the Deputy referred.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: That is in line with how I have handled unallocated resources in previous budgets.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: It is the case that no budgetary decisions have been made. We are beginning our budgetary process. Any decisions on the level of tax changes will depend on where we stand in the context of either of the two scenarios I outlined in the summer economic statement and on budget day decisions.