Results 14,781-14,800 of 32,572 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Consultancy Contracts Data (8 May 2019)

Paschal Donohoe: My Department engaged the company on two occasions in between 2011 and 2018. The total cost of these engagements was €119,137.80. A breakdown is provided in the table below: 2018 Advice on establishment of Home Building Finance Ireland (HBFI) 49,200.00 2018 Advice on accounting, strategic and restructuring matters arising from the wind down of the Credit Union Restructuring Board...

Written Answers — Department of Finance: Consultancy Contracts Data (8 May 2019)

Paschal Donohoe: My Department engaged the company on one occasion between 2011 and 2018. The gross cost of this engagement was €6,150. The purpose of the engagement was to prepare a research paper entitled ‘The historical development and international context of the Irish corporate tax system’. The Deputy might note that details of my Department's spending on legal and consultancy fees...

Written Answers — Department of Finance: Consultancy Contracts Data (8 May 2019)

Paschal Donohoe: My Department engaged the company on three occasions between 2011 and 2018. Details of the fees paid are in the table below: 2012 External Review of the Compilation of General Government Statistics 61,552.77 2013 Professional Services for the development of the Deloitte Ireland EU Presidency App 30,750.00 2013 Professional Services in relation to a forensic acquisition and high level...

Written Answers — Department of Finance: Departmental Contracts Data (8 May 2019)

Paschal Donohoe: Below, please find a breakdown of fees paid for legal and consultancy work to private audit and advisory firms by my Department, in each of the years 2011 to 2018. 2011 2012 2013 2014 2015 2016 2017 2018 A&L Goodbody 2,823 2,869 2,873  54,740 44,034 Agency Assessments Ireland 1,230 Aram 100,000 Arthur Cox 2,879,427 1,728,407 824,247 934,654 ...

Written Answers — Department of Finance: Insurance Industry (8 May 2019)

Paschal Donohoe: Both I and the Minister of State for Financial Services and Insurance, Deputy Michael D’Arcy, are very conscious of the difficulties that increased insurance costs generally are having on many businesses in this country. Consequently, following the publication of its Report on the Cost of Motor Insurance in 2017, the Cost of Insurance Working Group undertook an examination of the...

Written Answers — Department of Finance: Tax Data (8 May 2019)

Paschal Donohoe: I am advised by Revenue that the available information in respect of the cost of tax expenditures (credits, allowances and reliefs) is published on Revenue’s statistics web page at www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf. My Department also publishes its own Report on Tax Expenditures each year, and I expect that it will...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (8 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 127 and 138 together. I am advised by the Central Bank of Ireland that it is aware of the reported practice that some lenders apply legal costs to the mortgage accounts of borrowers in arrears before the conclusion of legal proceedings. The Central Bank is examining this practice to determine if it is permissible under the Code of Conduct on Mortgage Arrears,...

Written Answers — Department of Finance: Tax Yield (8 May 2019)

Paschal Donohoe: I am advised by Revenue that it cannot disclose the amounts of any tax paid by identified individual taxpayers, including companies, due to its obligation to protect taxpayer confidentiality as provided for by Section 851A of the Taxes Consolidation Act 1997. However, the aggregate amount of taxes paid by companies operating in the sector in which the Deputy is interested are provided under...

Written Answers — Department of Finance: European Bank for Reconstruction and Development (8 May 2019)

Paschal Donohoe: While Ireland is one of 67 shareholders in the European Bank for Reconstruction and Development, EBRD, we are not an EBRD Country of Operation. As such, Ireland has not received financial support from the Bank since it was established in 1991. Further details of the EBRD's regions of operations are available on the Bank's website: www.ebrd.com/where-we-are.html  

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (8 May 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that Provision 40 of the Code of Conduct on Mortgage Arrears, CCMA, requires a lender to document its considerations of each option examined under Provision 39 including the reasons why the option(s) offered to the borrower is/are appropriate and sustainable for his/her individual circumstances and why the option(s) considered and not offered...

Written Answers — Department of Finance: Tax Code (8 May 2019)

Paschal Donohoe: An inter-departmental working group was established in February 2018 to examine and report on options for the amalgamation of USC and PRSI over the medium term.  The working group completed their work, in line with their terms of reference and their report was submitted to me in late in 2018.Follow-on decisions will be taken in due course and I will make these public at the appropriate...

Written Answers — Department of Finance: Insurance Levy (8 May 2019)

Paschal Donohoe: The purpose of the Insurance Compensation Fund (ICF) is to provide a means to compensate policyholders in a situation where an insurer goes into liquidation or is put in administration.  The ICF is funded by advances from the Minister for Finance which are refunded by levies which are placed on all non-life insurers except for health policies.  Currently there is a 2% levy on gross...

Written Answers — Department of Finance: Financial Services Sector (8 May 2019)

Paschal Donohoe: The European Communities (Consumer Credit Agreements) Regulations 2010 provide a framework within which lenders in the European Union must operate.  The evaluation of a credit application by a lender must include an assessment of the consumer’s creditworthiness on the basis of sufficient information. However, the extension of credit by lenders to potential customers remains a...

Written Answers — Department of Finance: Motor Insurance Costs (8 May 2019)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group was established in July 2016 and undertook an examination of the factors contributing to the increasing cost of insurance in order to identify what short, medium and long-term measures could be introduced to help reduce the cost of insurance for consumers and businesses.  The initial focus of the Working Group was the issue of...

Written Answers — Department of Finance: Vehicle Registration Data (8 May 2019)

Paschal Donohoe: I am advised by Revenue that the number of persons fined by the courts for VRT offences in each of the past five years is provided in the table below. Year Number of persons fined 2014 13 2015 15 2016 11 2017 8 2018 10 The total number of VRT Seizures and Compromise Penalties paid (dealt with administratively) in each of the past five years is provided in the table below. 2014 1,054...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears Breaches (8 May 2019)

Paschal Donohoe: The Code of Conduct on Mortgage Arrears 2013 (CCMA) provides a strong consumer protection framework, aimed specifically at the process to be followed by relevant firms, to ensure borrowers in arrears or pre-arrears in respect of a mortgage loan secured on a primary residence are treated in a timely, transparent and fair manner. Banks, retail credit firms and credit servicing firms are all...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears Data (8 May 2019)

Paschal Donohoe: As the Deputy will be aware, the Central Bank collects detailed consumer data and information in relation to aspects of the Code of Conduct on Mortgage Arrears (CCMA) is part of this Conduct of Business Reporting (COBR). The COBR is collected from selected principal credit institutions and retail credit firms holding personal residential mortgages.  I have been informed by the Central...

Written Answers — Department of Finance: Mortgage Interest Relief Application (8 May 2019)

Paschal Donohoe: The legislation governing mortgage interest relief is contained in Section 244 Taxes Consolidation Act 1997, as amended.  “Qualifying interest” for the purpose of entitlement to mortgage interest relief is defined in that section as “the amount of interest paid by the individual in the year of assessment in respect of a qualifying loan”. The effect of...

Written Answers — Department of Finance: Banking Sector (8 May 2019)

Paschal Donohoe: As the Deputy will be aware, AIB is an independent company with listings on the Irish and London Stock Exchanges. Decisions in regards to contracting are the sole responsibility of the board and management of AIB which must be run on an independent and commercial basis. The bank's independence is protected by a Relationship Framework which is a legally binding document that cannot...

Written Answers — Department of Finance: Insurance Industry (8 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 142 and 143 together. At the outset, the Deputy will be aware that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and neither I nor the Central Bank of Ireland can interfere in the pricing or provision of insurance products, as these are matters of a commercial nature, and are determined...