Results 16,101-16,120 of 32,593 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Cross-Border Projects (6 Feb 2019)

Paschal Donohoe: The Deputy will be aware of the important contribution that the EU-funded North South programmes, PEACE and INTERREG, make to building peace and social and economic cohesion in the border region of Ireland and Northern Ireland. The current 2014-2020 PEACE IV and INTERREG VA programmes will invest over half a billion euro in the region and are progressing well. The two programmes are...

Written Answers — Department of Finance: VAT Rate Application (5 Feb 2019)

Paschal Donohoe: Under the VAT Consolidation Act, the standard rate of VAT applies to all food supplements, which are not foods in the ordinary and everyday meaning of the word. However, a longstanding concession provided through Revenue guidance permitted the zero rating of certain types of food supplements (vitamins, minerals and fish oils). Revenue published new guidance on 27 December 2018 concerning the...

Written Answers — Department of Finance: Mortgage Data (5 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland advises that it is not aware of an overcharging issue in relation to the entity referred to by the Deputy. However, the Bank has also indicated that if the Deputy has any relevant information which he wishes to bring directly to its attention, it will consider such information in the context of its supervisory activity. On the other hand, if the Deputy is...

Written Answers — Department of Finance: Tax Code (5 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 156 and 162 together. The increase in the betting duty rate from 1% to 2%, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January 2019. It is too early to draw any conclusions on the impact of these increases. Receipts from betting duty represented less than 1% of all excise receipts in 2017 and this is also likely to be...

Written Answers — Department of Finance: Tax Deduction Systems (5 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 157, 159 and 175 together. The Deputies will be aware that new administrative arrangements for PAYE (PAYE Modernisation) commenced on 1 January this year. These new arrangements do not affect the way income tax and other statutory deductions are calculated under the PAYE system, but do change the way employers report payroll information to Revenue. In most...

Written Answers — Department of Finance: VAT Payments (5 Feb 2019)

Paschal Donohoe: Following the departure of the United Kingdom from the EU, VAT and customs duty will become chargeable at the point of importation for UK imports. In Ireland, approved importers can use the deferred payment system allowing them to defer payment of certain charges, including customs and VAT at import, until the 15th of the month following importation. The deferred payment system requires...

Written Answers — Department of Finance: Brexit Preparations (5 Feb 2019)

Paschal Donohoe: My Department’s Budget 2019 forecasts incorporate, as a central scenario, that the UK will make an ‘orderly’ exit from the EU. This would involve a transition period being agreed that extends or replicates existing frameworks until end-2020, i.e. the UK is assumed to remain in the single market and customs union during this period. From 2021 onwards, the baseline...

Written Answers — Department of Finance: Customs and Excise Staff (5 Feb 2019)

Paschal Donohoe: 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. Revenue appointed over 150 staff to customs roles in the period September 2018 to 4 February 2019. Over 130 have been appointed to trade facilitation roles and 20 have been appointed to control officer duties. Revenue has...

Written Answers — Department of Finance: Mortgage Applications Approvals (5 Feb 2019)

Paschal Donohoe: There are a number of consumer protection and other financial services regulatory provisions in place which govern the provision of new mortgage credit to consumers. For example, there are measures in the Central Bank Consumer Protection Code and the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 which, inter alia, require mortgage lenders, in the context of considering...

Written Answers — Department of Finance: EU Investigations (5 Feb 2019)

Paschal Donohoe: Notwithstanding the appeal that the Government has lodged in the Apple State aid case, Ireland is required to comply with the binding articles of the Commission’s Final Decision and to recover the alleged aid from Apple. As such the collection of the alleged State aid has been completed, with the funds having being transferred to an Escrow Fund in which they will be held until the...

Written Answers — Department of Finance: Tax Code (5 Feb 2019)

Paschal Donohoe: The increase in the betting duty rate from 1% to 2%, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January 2019. It is too early to draw any conclusions on the impact of these increases. Receipts from betting duty represented less than 1% of all excise receipts in 2017 and this is also likely to be the case in for 2018. In addition, unlike other excisable...

Written Answers — Department of Finance: Tax Code (5 Feb 2019)

Paschal Donohoe: I am informed by Revenue that, for capital acquisitions tax purposes, the relationship between the deceased person (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which capital acquisitions tax does not arise. The Group A threshold (currently €320,000)...

Written Answers — Department of Finance: General Government Debt (5 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 167, 172 and 173 together. Projections for the general government balance from 2019 to 2023 can be found in table 1 of the Economic and Fiscal Outlookpublished as part of Budget 2019. The figures are reproduced below (table 1) for the Deputy’s convenience. Projections beyond 2023 have not been compiled by my Department. In view of the increasing risk of...

Written Answers — Department of Finance: NAMA Legal Cases (5 Feb 2019)

Paschal Donohoe: Section 172(3) of the NAMA Act 2009 is a legal provision preventing any interest in property held as security for loans acquired by NAMA from being sold back to defaulting debtors, or persons acting on behalf of defaulting debtors. In order to ensure compliance with Section 172(3), I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured...

Written Answers — Department of Finance: Mortgage Data (5 Feb 2019)

Paschal Donohoe: PTSB has confirmed the following in relation to Project Glas and Project Glenbeigh: "Permanent TSB (the “Bank”) announced details of Projects Glas and Glenbeigh in July and November 2018 respectively. "The Bank confirmed that the average arrears time of loans in the Glas Portfolio was 3.5 years. The Bank further confirmed that all of the loans in Glenbeigh Portfolio were...

Written Answers — Department of Finance: Mortgage Data (5 Feb 2019)

Paschal Donohoe: Information on the number and value of mortgages owned by banks and non-banks can be found in the Central Bank of Ireland quarterly statistics on mortgage arrears and repossessions on Principal Dwelling Houses (PDHs) and Buy to Lets (BTLs). At present, the information on non-banks is broken down by retail credit firms and unregulated loan owners. The latest statistics, in respect of Q3...

Written Answers — Department of Finance: Tax Credits (5 Feb 2019)

Paschal Donohoe: I am advised by Revenue that the issue in this case has been fully resolved. The person in question held two employments in 2018 with all tax credits allocated to one employment in accordance with their instructions. Revenue maintained this allocation for 2019 as no notification of any change to their employment status was received. On 18 January 2019, an additional employment was...

Written Answers — Department of Finance: Customs and Excise Controls (5 Feb 2019)

Paschal Donohoe: I am informed by Revenue that they adopt a risk based approach when stopping and questioning passengers at public airports. I am advised that a key focus in this context for Revenue is the carrying of prohibited or restricted goods. Revenue have further advised that their interaction with the public in airports is governed by Revenue’s Customer Service Charter which provides that...

Written Answers — Department of Finance: Tracker Mortgages (5 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland advises that the general lending practice of mortgage providers is that, when a mortgaged property is sold, the security on that property is released and the mortgage redeemed and if credit is sought for any subsequent purchase of a property, that credit will then be subject to a new mortgage contract with the interest rate and other mortgage terms of the new...

Written Answers — Department of Finance: EU Investigations (5 Feb 2019)

Paschal Donohoe: The Government profoundly disagrees with the Commission’s analysis in the Apple State aid case. An appeal is therefore being brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union, asking it to annul the Decision of the Commission. The Attorney General prepared the legal grounds in support of the annulment...