Results 14,921-14,940 of 32,726 for speaker:Paschal Donohoe

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

Paschal Donohoe: Ireland is a shareholder at the Bank and currently has a Director who attends the Bank’s Board meetings. Ireland’s paid-in shareholding at the Bank is €18.78 million with €71.26 million callable capital for a total subscribed capital of €90.04 million which approximates 0.3% of total EBRD shares. However, the Irish Government does not directly co-finance or...

Written Answers — Department of Finance: Customs and Excise Controls (8 May 2019)

Paschal Donohoe: I am advised by Revenue that Tetrahydrocannabinol (which is commonly referred to as THC) is a derivative of Cannabinol, which is a controlled drug under the Misuse of Drugs Act 1977 and the regulations and orders made thereunder. Cannabidiol (which is commonly referred to as CBD) is not a controlled drug unless it contains trace elements of THC. The legislation does not provide for any...

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

Paschal Donohoe: I am advised by Revenue that they operate the Flat Rate Expenses (FRE) regime on a concessionary basis, where both a specific commonality of expenditure exists across an employment category and the statutory requirement for tax deduction set out in section 114 Taxes Consolidation Act 1997 (TCA) is satisfied. To qualify for a deduction under that section, an expense must be wholly,...

Written Answers — Department of Finance: VAT Rate Increases (8 May 2019)

Paschal Donohoe: The background to the issue is that VAT legislation does not apply the zero rate of VAT to food supplements but shortly after the introduction of VAT the Revenue Commissioners applied a concessionary zero rating to certain vitamin, mineral and fish oil food supplement products. As the market developed this treatment resulted in the zero rating by the Revenue Commissioners of further similar...

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

Paschal Donohoe: I am advised by Revenue that the amount of Local Property Tax (LPT) due on a property valued between €1 and €100,000 (lowest Band), situated in a Local Authority that has not made any Local Adjustment Factor rate changes, would be €495 for the cumulative period 2013 to 2018 (€45 for 2013 and €90 per annum for 2014 through 2018). The amount of interest due...

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

Paschal Donohoe: The review I initiated of the Local property Tax (LPT) has been completed by the Department of Finance in conjunction with the Departments of the Taoiseach, Public Expenditure & Reform and Housing, Planning & Local Government and the Revenue Commissioners. In accordance with its terms of reference, the review focused on the impact of house price movements on LPT liabilities...

Written Answers — Department of Finance: Stamp Duty (8 May 2019)

Paschal Donohoe: I am advised by Revenue that consanguinity relief applies to transfers of farmland between certain blood relatives subject to certain conditions. If the relief is claimed when filing the stamp duty return 1% of the value of the land transferred is payable with the return instead of the standard 6% rate. Where the relief is not claimed at the time of filing the return and 6% stamp duty is...

Written Answers — Department of Finance: VAT Rate Application (8 May 2019)

Paschal Donohoe: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. The thresholds for Ireland date from accession into the EU and the Directive only provides for the raising of those thresholds by Member States to maintain their value in real terms. That is, they may only be increased in line with inflation. The Irish VAT thresholds were increased to their current values on 1 May...

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

Paschal Donohoe: The information the Deputy requests is set out in the table below. I would like to reiterate the inherent volatility and unpredictability of Irish corporation tax revenues which is partly due to the concentration of receipts among a small number of firms. This feature of our corporation tax base is widely recognised as creating a large exposure of revenue to firm- and sector-specific...

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

Paschal Donohoe: I propose to take Questions Nos. 115, 116, 147, 154 and 155 together. I am advised by Revenue that the available information in respect of tax liability, net trading income, net chargeable gains and taxable income of companies (all by range of net trading income) is available at link: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: VAT Rebates (8 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 117, 141 and 182 together. The VAT Compensation Scheme for Charities was introduced in Budget 2018 to reduce the tax burden on Charities and partially compensate them for the VAT incurred in delivering on their charitable purpose. Under the Scheme, Charities are entitled to claim a refund of a proportion of their VAT costs based on their level of...

Written Answers — Department of Finance: Teachers' Remuneration (8 May 2019)

Paschal Donohoe: I am advised by Revenue that it has no role to play in providing or amending payslips and that responsibility in this regard rests with employers. Revenue has also confirmed that it has already been in direct contact with the person in question and provided them with the information that they require. While there were some delays in processing substitute teachers' pay earlier this year, I am...

Written Answers — Department of Finance: Bank Debt Restructuring (8 May 2019)

Paschal Donohoe: I wish to advise the Deputy that my department does not hold the information that is being sought. Officials from my department contacted AIB and it provided the following response: "AIB does not specifically record the information as sought however can advise that the Bank has rarely commenced Bankruptcy summonses in the past six years."

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 €73,031.25. The purpose of the engagement was to carry out a money laundering and terrorist financing (ML/TF) National Risk Assessment (NRA). The aim of this Assessment was to identify, understand and assess the money laundering and terrorist financing risks faced by...

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...