Results 15,821-15,840 of 32,864 for speaker:Paschal Donohoe

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...

Written Answers — Department of Finance: Mortgage Lending (28 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland has put in place certain requirements in relation to the provision of residential mortgage credit by regulated entities. These are set out in regulations made by the Bank under the Central Bank (Supervision and Enforcement) Act 2013. These mortgage measures are now a permanent feature of the mortgage market and the Central Bank is satisfied that they are operating...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group (CIWG) made a recommendation that the Central Statistics Office (CSO) consider the feasibility of collecting price information on the cost of general liability insurance for businesses in the State and report to my Department on this by the end of 2018. I have been informed that the CSO submitted a draft report to my Department...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 58 and 59 together. At the outset, it is important to note that while 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. Further, I understand that the Central Bank of Ireland does not have access to...

Written Answers — Department of Finance: Mortgage Protection Policies (28 Feb 2019)

Paschal Donohoe: I am advised by the Central Bank that when an individual(s) applies for a mortgage loan to buy a home, the individual(s) will generally be required to take out mortgage protection insurance. This is a particular type of life assurance taken out for the term of the mortgage and designed to pay it off on the death of the borrower or joint borrower. In most cases, a lender is legally required...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Feb 2019)

Paschal Donohoe: Setanta Insurance ("Setanta") was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that the Insurance (Amendment) Act 2018 (Act 21 of 2018) was enacted in July 2018. The Act inter alia provides for revised arrangements for the on-going...

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

Paschal Donohoe: It is assumed the Deputy is referring to the revised Entrepreneurial Relief provided for by section 597AA of the Taxes Consolidation Act 1997. This provision was introduced in the Finance Act 2015 and provides relief from Capital Gains Tax for individuals disposing of business investments in certain circumstances. I am advised by the Revenue Commissioners that the number of claims and the...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: At the outset, it is important to note that while 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. The day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland, and so my officials have consulted with the...

Written Answers — Department of Finance: Economic Policy (28 Feb 2019)

Paschal Donohoe: I regularly monitor the latest economic developments. My Department continually analyses and prepares briefing on short and medium term macroeconomic trends in European and international economy. This includes informing me of the latest forecasts of the global economy and of our key trading partners from the international institutions. The Economic and Fiscal Outlook published with...

Written Answers — Department of Finance: Mortgage Interest Rates (28 Feb 2019)

Paschal Donohoe: As the Deputy is aware, the European Central Bank is independently responsible for the formulation and implementation of monetary policy in the euro area. Accordingly it is a matter for the ECB to set official interest rates and to operate the other tools for the implementation of its monetary policy decisions. In the context of the Single Supervisory Mechanism, the ECB also plays a key...