Results 15,581-15,600 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Brexit Issues (13 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 117 to 120, inclusive, together. I am advised by Revenue that they have had extensive engagement with businesses and trade representative bodies throughout the State over the last number of months to assist them in their preparations for Brexit. I am further advised that, subject to documentary evidence, a car dealer who has new vehicles in stock that...

Written Answers — Department of Finance: Departmental Funding (13 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 121 and 122 together. My Department does not make investments from its Vote other than the routine acquisition of IT equipment and systems and certain premises expenses relating to the buildings it occupies. Therefore, there was no funding provided by my Department to projects in County Galway and County Roscommon for the period in question. There are...

Written Answers — Department of Finance: Brexit Staff (13 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 123 and 127 together. In September 2018, the Government granted approval in principle for the phased recruitment of an additional 600 Revenue staff to meet the challenges posed by Brexit. Budget 2019 provided Revenue with the funding needed for 270 of the additional 600 staff to be recruited during 2019 to manage an orderly UK withdrawal. Following the...

Written Answers — Department of Finance: Tax Code (13 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 124 and 125 together. The Sugar Sweetened Drinks Tax (SSDT) was commenced in May 2018 following a positive decision from the European Commission that it is compatible with EU State aid rules. The tax is applied to water and juice based drinks, in ready to consume or concentrated form, that contain added sugar and have a total sugar content of 5 grams or more...

Written Answers — Department of Finance: Financial Services Regulation (13 Mar 2019)

Paschal Donohoe: Crowdfunding is currently an unregulated industry in Ireland. In my Budget 2019 speech, I announced that my Department will begin work, in conjunction with the Central Bank of Ireland, on the national regulation of crowdfunding in Ireland. With regulation, crowdfunding has the potential to play an important role in broadening competition in the SME finance market, beyond the banking...

Written Answers — Department of Finance: Brexit Issues (13 Mar 2019)

Paschal Donohoe: The Government has always been clear that Brexit, in whatever form it takes, will have a negative economic impact on Ireland and that the implications for our economy will be disproportionate relative to those for the rest of the EU. The harder the Brexit the more negative the impact will be on our economy. While my Department’s central economic and fiscal planning scenario...

Written Answers — Department of Public Expenditure and Reform: Property Ownership (13 Mar 2019)

Paschal Donohoe: Where a company is dissolved without having disposed of its interest in a property, by virtue of Section 28 of the State Property Act 1954, the interest of the company in the property becomes vested in the Minister for Public Expenditure and Reform. Pursuant to Section 31 of the State Property Act 1954, the Minister has a discretionary power to waive his interest. In this case, the...

Written Answers — Department of Public Expenditure and Reform: Departmental Funding (13 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 130 and 131 together. My Department or the bodies under its aegis have not funded any projects in the counties in question. Due to the nature of its role, the purpose of projects undertaken by my Department is to deliver greater effectiveness and efficiency across the Civil and Public Service. While all counties ultimately benefit from my...

Written Answers — Department of Foreign Affairs and Trade: Brexit Issues (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 84, 112 and 113 together. I am advised by Revenue that they have had extensive engagement with businesses and trade representative bodies throughout the State over the last number of months to assist them in their preparations for Brexit. I am advised by Revenue that, subject to documentary evidence, a car dealer who has new vehicles in stock that...

Written Answers — Department of Foreign Affairs and Trade: Insurance Coverage (12 Mar 2019)

Paschal Donohoe: As Minister for Finance, 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 based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Foreign Affairs and Trade: Mortgage Lending (12 Mar 2019)

Paschal Donohoe: Following a public consultation process, the Central Bank introduced enhanced mortgage switching and transparency rules to the Consumer Protection Code 2012 (the Code) by means of the Addendum which became effective from 1 January 2019: (www.centralbank.ie/docs/default-source/regulation/consumer- protection/other-codes-of-conduct/addendum-to-consumer-prote...

Written Answers — Department of Foreign Affairs and Trade: Financial Services Sector (12 Mar 2019)

Paschal Donohoe: I am advised that the majority of hire purchase agreements, such as PCPs, are provided to consumers through credit intermediaries. Under the Consumer Credit Act 1995, credit intermediaries are authorised by the Competition and Consumer Protection Commission (CCPC) and the CCPC advises that, when performing intermediary functions, credit intermediaries are required to disclose certain...

Written Answers — Department of Foreign Affairs and Trade: Insurance Costs (12 Mar 2019)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group is chaired by the Minister of State for Financial Services and Insurance, Mr. Michael D’Arcy T.D., and has produced two primary reports, the 2017 Report on the Cost of Motor Insurance (“Motor Report”) and the 2018 Report on the Cost of Employer and Public Liability Insurance (“EL/PL Report”). Work...

Written Answers — Department of Foreign Affairs and Trade: Personal Injury Claims (12 Mar 2019)

Paschal Donohoe: Allegations of companies engaging in what has been termed as ‘claims harvesting’ practices were brought up during the Cost of Insurance Working Group’s consultation process, as well as through representations and Parliamentary Questions submitted by, for instance, the Alliance for Insurance Reform and the Deputy himself previously. The Department’s Insurance...

Written Answers — Department of Foreign Affairs and Trade: Revenue Commissioners (12 Mar 2019)

Paschal Donohoe: I am advised by Revenue that, in relation to tax reliefs for ‘young trained farmers’, different verification procedures may be applied depending on whether the particular course is a course approved by Teagasc, with qualifications awarded by the Qualifications and Quality Assurance Authority of Ireland, or a course with qualifications awarded directly by third-level...

Written Answers — Department of Foreign Affairs and Trade: Tax Code (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 91 to 96, inclusive, together. Sugar Sweetened Drinks Tax (SSDT) was introduced on 1 May 2018 and applies when sugar sweetened drinks are first supplied in the State. SSDT applies on a volumetric basis at one of two rates, dependent on the total sugar content of the ‘ready to consume’ form of the sugar sweetened drink: €16.26 per...

Written Answers — Department of Foreign Affairs and Trade: VAT Rate Application (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 97 and 98 together. VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. The VAT treatment of food and drink in Ireland is varied and has developed over time. Most basic foods apply at the zero rate under an historical derogation from the normal VAT rules. Catered food primarily applies at the 13.5% reduced rate, including hot...

Written Answers — Department of Foreign Affairs and Trade: Tax Code (12 Mar 2019)

Paschal Donohoe: As the Deputy is aware, there are, in all, three separate lifetime CAT Group thresholds based on the relationship of the beneficiary to the disponer. I would say that there has been changes to the three threholds in recent times. In Budget 2017, the Group A threshold which generally applies to gifts to or ineritances by children, adopted children and some foster children, was increased...

Written Answers — Department of Foreign Affairs and Trade: Motor Insurance Data (12 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 100 and 101 together. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. My Department does not collect the type of information being sought by the Deputy. As the day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland, my officials consulted with the...

Written Answers — Department of Foreign Affairs and Trade: Motor Insurance Data (12 Mar 2019)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. My Department does not collect the type of information being sought by the Deputy. As the day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland, my officials consulted with he Bank in respect of the information sought and it has...