Results 15,541-15,560 of 32,593 for speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Board (28 Feb 2019)

Paschal Donohoe: Section 25 of the NAMA Act provides that it is for the Minister for Finance to appoint the Chairperson of the Board of NAMA. This appointment may be made from amongst one of the existing ordinary members of the Board or the Minister may appoint a new member to assume the role of Chairperson. As currently constituted, there are seven members of the NAMA Board and two vacancies arising from...

Written Answers — Department of Finance: Motor Insurance Costs (28 Feb 2019)

Paschal Donohoe: Both I and the Minister of State for Financial Services and Insurance, Mr. Michael D’Arcy T.D., are aware of problems experienced by some consumers in respect of insuring older vehicles. However, 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...

Written Answers — Department of Finance: Insurance Costs (28 Feb 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. Its Report on the Cost of Motor Insurance was published in...

Written Answers — Department of Finance: Financial Services Sector (28 Feb 2019)

Paschal Donohoe: Since May 2018, my officials working to the direction of my colleague Michael D’Arcy, the Minister of State for Financial Services and Insurance, have completed a substantial body of work to prepare a successor strategy to the current strategy for the development of the international financial services sector, ‘IFS2020’ which is in its final year. Research was carried...

Written Answers — Department of Finance: Tax Code (28 Feb 2019)

Paschal Donohoe: The Deputy will be aware that on 22 February 2019, the Government published the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2019 as part of its 'no deal' preparations. The Bill, made up of 15 Parts, prioritises those issues that need to be addressed urgently through primary legislation to prepare for the impact of a 'no deal' Brexit. The Government...

Written Answers — Department of Finance: Financial Services Sector (28 Feb 2019)

Paschal Donohoe: The Government’s Strategy to develop the international financial services sector, ‘IFS2020’, was launched in 2015. Ireland has, at the end of 2018, over 44,000 people directly employed in the IFS sector. The growth in the sector under the IFS2020 Strategy has not been limited to Dublin. Over a third of the jobs are located in other areas of the country. The sector has a...

Written Answers — Department of Finance: Tax Collection (28 Feb 2019)

Paschal Donohoe: I am aware of negative publicity surrounding the mine referenced by the Deputy, however, I believe that this matter is best addressed by the Tánaiste and Minister for Foreign Affairs and Trade, Mr. Simon Coveney T.D. I am aware that Minister Coveney has addressed this issue in a recent PQ (Ref No: 3893/19), on 29 January 2019. The full text of that response is available online at: ....

Written Answers — Department of Finance: Tax Code (28 Feb 2019)

Paschal Donohoe: The Deputy will be aware that the current proposals flow from earlier discussions at both OECD and EU level to address taxation issues arising from the growing digitalisation of the economy. The OECD BEPS Inclusive Framework was given a clear mandate by the G20 in March 2017 to develop this work, which led to the publication of an Interim Report on the Tax Challenges Arising from...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (28 Feb 2019)

Paschal Donohoe: Under section 15(4) of the Financial Services and Pensions Ombudsman Act 2017 the Ombudsman may appoint staff to his office and determine their duties with the approval of the Minister for Finance and the consent of the Minister for Public Expenditure and Reform. The Financial Services and Pensions Ombudsman (FSPO) commissioned a Workforce Plan 2019-2023 and submitted the Plan to my...

Written Answers — Department of Finance: Brexit Issues (28 Feb 2019)

Paschal Donohoe: A key action point of the Government’s response to Brexit has been to make the case, at EU level, for support to be directed towards the most impacted areas of the Irish economy. As a result, I believe that there is a strong understanding at EU level of the unique and disproportionate impact that Brexit will have on Ireland. This has been reflected in a number of concrete measures...

Written Answers — Department of Finance: Motor Insurance Costs (28 Feb 2019)

Paschal Donohoe: The Deputy should note that my Department has had several discussions with the CSO in relation to motor insurance pricing statistics, through the Cost of Insurance Working Group, and the Data Sub-group of the Working Group. I understand that in relation to the preparation of the CSO statistics on the price of motor insurance, the CSO uses a variety of detailed profiles (including car...

Written Answers — Department of Finance: Vehicle Registration Data (28 Feb 2019)

Paschal Donohoe: I am advised by Revenue that they do not hold the information requested in their systems.

Written Answers — Department of Finance: Public Sector Pensions Data (28 Feb 2019)

Paschal Donohoe: I am advised by Revenue that the Public Service Pension Related Deduction (PRD) was not separately declared on tax returns, therefore the data requested by the Deputy for the years 2015 to 2017 are not available. For the Deputy’s information, the Additional Superannuation Contribution (ASC) replaced the PRD from 1January 2019, and the income tax relief is provided for under section...

Written Answers — Department of Finance: Rural Social Scheme (28 Feb 2019)

Paschal Donohoe: I am advised by Revenue that it has reviewed the tax situation of the person in question and confirmed to me that the income earned by him under the Rural Social Scheme is correctly taxable. Revenue has also confirmed that the person did not claim his full tax credits for the years in question, which resulted in overpayments of tax by him. Revenue has now allocated the correct credits...

Written Answers — Department of Finance: Tax Reliefs Application (28 Feb 2019)

Paschal Donohoe: Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary. A number of significant changes were made to the credit as part of 2018 Finance Bill process. In...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (28 Feb 2019)

Paschal Donohoe: I am advised by Revenue that, in accordance with Section 43 of the Finance Act 1975, a gaming machine which is made available for play in a public place without a Gaming Machine Licence is liable to forfeiture and may be seized. This provision applies irrespective of whether the machine is operated in an area where the relevant Local Authority has elected to permit gaming under Part III of...

Written Answers — Department of Finance: Bank Charges (28 Feb 2019)

Paschal Donohoe: Bank fees, charges and commissions are subject to regulation under Section 149 of the Consumer Credit Act, 1995 (the Act) as amended. The Central Bank has advised that they cannot comment on individual entities. In fulfilling its statutory role under the Act, the Central Bank assesses each notification received from a credit institution pursuant to the Act, where they wish to introduce any...

Written Answers — Department of Finance: Banking Sector Data (28 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 51 to 53, inclusive, together. I am advised by the Central Bank that there are currently 480 entity types registered as Credit Institutions. A Credit Institution means: (a) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account, or (b) an electronic money institution. The...

Written Answers — Department of Finance: Tax Data (28 Feb 2019)

Paschal Donohoe: I am advised by Revenue that the number of PAYE taxpayers who received tax refunds following claims or review requests, and the total amounts refunded for the years 2010 to 2018, are set out in the table below. Tax Year Number of Taxpayers Amounts refunded €m 2010 500,783 €413.3 2011 501,419 €380.6 2012 587,314 €402.7 2013 632,745 €440.1 2014 654,296...

Written Answers — Department of Finance: Economic and Social Research Institute (28 Feb 2019)

Paschal Donohoe: In December 2016, the ESRI published ‘Ireland’s Economic Outlook: Prospective and Policy Challenges’. The report included an estimate for the increase in bank credit required to fund the Institute’s estimate for housing supply. The ESRI used COSMO — the structural econometric model of the Irish economy — to generate estimates of both the mortgage...