Results 15,981-16,000 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Costs (20 Feb 2019)

Paschal Donohoe: I understand the table which the Deputy is referring to relates to estimates from the Irish Insurance Federation (now Insurance Ireland) of reductions in total claims costs from implementation of the MIAB recommendations made in 2002, and not commitments to decreases in pricing. However the two issues are sufficiently closely connected that I believe there is a need to be careful about...

Written Answers — Department of Public Expenditure and Reform: National Children's Hospital Expenditure (20 Feb 2019)

Paschal Donohoe: As I stated in the Dáil on the 7thFebruary I met the official to whom the Deputy refers on Tuesday 5thFebruary. At this meeting we discussed his role as a member of the National Paediatric Hospital Development Board. I am satisfied that he met all of the responsibilities that he had as a member of the board and that the information regarding the project was being shared by the Board...

Written Answers — Department of Public Expenditure and Reform: Irish Language (20 Feb 2019)

Paschal Donohoe: My Department, along with other relevant Departments, is represented on the Oversight Group for the 5 Year Action Plan for the Irish Language, which is chaired by officials from the Department of Culture, Heritage and the Gaeltacht. In terms of the 20 Year Strategy, the Deputy may wish to note that the Public Appointments Service has held specific competitions for Clerical Officer and...

Written Answers — Department of Public Expenditure and Reform: Infrastructure and Capital Investment Programme (20 Feb 2019)

Paschal Donohoe: Government has not changed the overall capital spending envelope under the NDP. An important rationale for Government to commit to a ten year spending ceiling is, precisely, to mitigate the risk of cost inflation by giving stakeholders a basis for their capacity planning. I would not expect construction cost inflation to change in any meaningful way because an individual project is...

Written Answers — Department of Finance: Property Tax Review (19 Feb 2019)

Paschal Donohoe: The proceeds of the local property tax, LPT, are largely used in the general provision and maintenance of infrastructure, services and amenities in a local authority area. Accordingly, residential property owners in estates not yet taken in charge benefit from the expenditure of these proceeds in the same way as the owners of other residential properties in the general locality in terms of...

Written Answers — Department of Finance: Betting Licences Data (19 Feb 2019)

Paschal Donohoe: I am advised by Revenue that the following table sets out the number of Gaming Machine Licences issued and the fees collected for the years 2016 to 2018, inclusive. - 2016 2017 2018 - - - Licence Type Number Issued Total Duty € million Number Issued Total Duty € million Number Issued Total Duty € million Gaming Machine(Annual Licence) 2,668 1,347,340 3,599 1,817,495...

Written Answers — Department of Finance: Debt Collectors Regulation (19 Feb 2019)

Paschal Donohoe: Debt collection agencies are not regulated entities and therefore are not subject to authorisation and supervision by the Central Bank of Ireland. However, financial service providers providing credit, which are regulated by the Central Bank, may appoint agents to conduct debt collection activities. In the case of credit provided by financial service providers regulated by the Central Bank...

Written Answers — Department of Finance: VAT Rate Application (19 Feb 2019)

Paschal Donohoe: In replying to the Deputy’s Question No 178 of 5 February 2019, I stated that “there is no means under EU VAT law to apply a lower VAT rate to the supply of non-alcoholic beer”. I regret to inform the Deputy that this is incorrect. The position is that it is may be possible under Annex III of the VAT Directive for a reduced rate to be applied to non-alcoholic beverages....

Written Answers — Department of Finance: Financial Services Regulation (19 Feb 2019)

Paschal Donohoe: Following the Deputy's question of 4 October last, I wrote to the Central Bank on this matter. The Bank is conducting an examination into this issue from a regulatory and policy perspective but has indicated, based on the information available to date, that an entity operating in such a manner may not require a specific authorisation from the Central Bank. The Bank is not in a position...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Remit (19 Feb 2019)

Paschal Donohoe: It is important to distinguish the Office of the Ombudsman from the Office of the Financial Services and Pensions Ombudsman (FSPO). The role of the Ombudsman is to examine complaints from people who feel that they have been unfairly treated by a public service provider within his remit, including local authorities. Therefore, people would have a right of complaint to the Ombudsman on issues...

Written Answers — Department of Finance: Financial Services Sector (19 Feb 2019)

Paschal Donohoe: I am advised by the Central Bank that the issue as outlined by the Deputy has not been brought to the Bank's attention. However, if there is any relevant information that the Deputy wishes to bring to the direct attention of the Central Bank, the Bank has advised it will consider it in the context of it's supervisory activity.

Written Answers — Department of Finance: Mortgage Data (19 Feb 2019)

Paschal Donohoe: Assuming the Deputy is referring to statistical data reporting by firms on Mortgage Arrears and Repossessions Statistics, I am advised by the Central Bank that a statistical data reporting issue was addressed by a revision to the Mortgage Arrears and Repossession Statistics published in December 2018. This was done to ensure harmonised reporting across all reporting agents. In previous...

Written Answers — Department of Finance: Mortgage Arrears Rate (19 Feb 2019)

Paschal Donohoe: I assume that the Deputy is referring to the engagement by firms, including the one he mentioned in the details supplied, with customers in relation to ceasing the practice of Automatic Arrears Capitalisation. Automatic Arrears Capitalisation refers to a methodology used by some lenders to recalculate borrowers' contracted monthly instalment (“CMI”) on their mortgage, following...

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (19 Feb 2019)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years. However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which has to be based...

Written Answers — Department of Finance: Film Industry Tax Reliefs (19 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. In addition to extending the credit's end date from 2020 to 2024, Finance Bill 2018 provided for a...

Written Answers — Department of Finance: Tracker Mortgage Examination (19 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland published its latest update on the Tracker Mortgage Examination on 4 February. The update indicated that: - The number of affected customers stood at 39,800 at end-December 2018 (including 7,100 impacted tracker accounts which were identified and resolved prior to the commencement of the industry wide examination), an increase of 1,400 since end-August 2018 -...

Written Answers — Department of Finance: Tracker Mortgage Examination Expenditure (19 Feb 2019)

Paschal Donohoe: The Central Bank has previously confirmed in a series of public updates and during appearances before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach that it is actively investigating, in an enforcement context, matters relating to the issues identified at certain lenders in respect of failures relating to tracker mortgages. In this context, the...

Written Answers — Department of Finance: Brexit Issues (19 Feb 2019)

Paschal Donohoe: Given that the UK represents one of the largest net contributors to the EU budget, Brexit is likely to make a significant impact on Member States contributions, including Ireland’s. The exact impact will dependent on the nature of the final agreement between the EU and the UK regarding its involvement with the EU budget post-Brexit. Under the Withdrawal Agreement between the EU and...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (19 Feb 2019)

Paschal Donohoe: The European Commission's current proposals for a Common Consolidated Corporate Tax Base (CCCTB) were published in October 2016 and first discussed at the November 2016 ECOFIN meeting. The proposal was prepared by the Commission without any input from Member States. The re-launched CCCTB is split into two separate Directives – a Directive for a Common Corporate Tax Base (CCTB) and a...

Written Answers — Department of Finance: Tax Rebates (19 Feb 2019)

Paschal Donohoe: The Export Repayment Scheme is provided for in section 135D, Finance Act 1992 and was commenced on 8 April 2013. The scheme is available to category A (passenger) vehicles that are removed or exported from the State. The category A rate is calculated based the level of CO2the vehicles emit and can be as high as 36% of the value of the vehicle. Motor homes are classed as Category B vehicles...