Results 16,301-16,320 of 32,593 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Costs (31 Jan 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 Finance: Tax Code (31 Jan 2019)

Paschal Donohoe: I can advise the Deputy that there is already a capital allowance scheme available to lessors of residential accommodation. The scheme, the Living City Initiative, was extended by Finance Act 2016 to allow capital allowances to be claimed by lessors of residential property on conversion or refurbishment expenditure incurred on property situated in a special regeneration area. The areas coming...

Written Answers — Department of Finance: Tax Code (31 Jan 2019)

Paschal Donohoe: The increase in the betting duty rate from 1 per cent to 2 per cent, 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 per cent of all excise receipts in 2017 and this is also likely to be the case in for 2018. In addition,...

Written Answers — Department of Finance: Insurance Data (31 Jan 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither my Department nor the Central Bank of Ireland collect the type of information being sought by the Deputy on a routine basis. However, the Deputy will note that in line with Recommendation 12 of the Cost of Insurance Working...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (31 Jan 2019)

Paschal Donohoe: I am informed by the Central Bank that it conducted a review of over-the-counter services in 2016, including over-the-counter sales of a wide range of commemorative coins. The review, which included an analysis of customer demand and volume of coins sold, identified very low usage of the service by members of the public. The Central Bank introduced an online sales platform for collector...

Written Answers — Department of Finance: Tax Code (31 Jan 2019)

Paschal Donohoe: I am advised by Revenue that they do not intend to further review the flat rate expense categories already identified as not meeting the statutory requirement for tax deduction, as set out in Section 114 of the Taxes Consolidation Act 1997. The Deputy will be aware from my previous replies on this matter that Revenue confirmed an implementation date of 1 January 2020 in respect of any...

Written Answers — Department of Finance: Legislative Measures (31 Jan 2019)

Paschal Donohoe: As evidenced in the IFS2020 Action Plan, the Government is committed to developing our Investment Limited Partnership Act 1994 to make the structure more attractive to fund managers. Due to changes in the global private equity market, in both structure and relevant European legislation, a case has been made to update the 1994 Act. As a result, I sought and obtained approval from the...

Written Answers — Department of Finance: Property Tax Assessments (31 Jan 2019)

Paschal Donohoe: Local Property Tax (LPT) is a self-assessed tax and residential property owners are obliged to determine the market value for their properties as at 1 May 2013, file an LPT Return, calculate the relevant LPT liabilities, and make payment arrangements each year for the tax due. I am advised by Revenue that according to its records the person mentioned by the Deputy is the registered owner...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (31 Jan 2019)

Paschal Donohoe: The following table outlines the number of staff in my Department and the bodies under its aegis that are currently on the list for the Civil Service Mobility Scheme. Department / Agency No. Staff on List Department of Public Expenditure and Reform 7 Office of Government Procurement 12 Office of Public Works 41 National Shared Services Office 234 Public Appointments Service...

Written Answers — Department of Public Expenditure and Reform: Departmental Funding (31 Jan 2019)

Paschal Donohoe: This type of funding request is not a matter for my Department. As the Deputy may be aware, Local Enterprise Offices are the first stop shop for business supports. I would also refer the Deputy to the online guide 'Supporting SMEs'. There are over 170 different Government supports for Irish start-ups and small business and this guide helps such businesses navigate the range of available...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: In the interest of----

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: In the interests of clarity, the report I published yesterday indicates that more jobs will be created in our economy in the future. However, it also acknowledges that significantly fewer jobs will be created. In fact, it states that 55,000 fewer jobs will be created if we end up with a no-deal scenario. Given that some people called on the Government to be clear in the context of what it...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: -----which we have done. Like the Minister for Health, Deputy Harris, I strongly believe that if we had not made the decision, we would not have a national children's hospital available for a number of years to come. Those who would suffer on foot of that would be children.

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: I acknowledged last week that I understand this issue is a cause of concern for people in the sector. The decision in this regard was made the Revenue Commissioners, who are responsible for deciding how VAT law is implemented. The Revenue Commissioners were concerned that a growing number of decisions that were not credible were being made in respect of how VAT was being applied. They made...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: Deputy Buckley has actually summed up the difficulty the Government faces very well because he listed every other member of our public service that has a concern, a difficulty or even a grievance in respect of pay. What every one of those groups will ask the Government, if we move in the way that some Deputies want, is what will it do for them and what will it do to respond to their needs?...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 Jan 2019)

Paschal Donohoe: -----we face into the very risk that Deputy Buckley described. The Government has engaged on this issue through the Public Service Pay Commission. We have been in the Workplace Relations Commission and the Labour Court and we have done that because of our respect for the professionalism and the ability of our nurses and the work they do every day and also because of the need that we alone...

Written Answers — Department of Finance: Insurance Data (30 Jan 2019)

Paschal Donohoe: At the outset, it is important to note that 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. In addition, it should be noted that the Central Bank of Ireland does not systematically record any information on retentions or partial settlement...

Written Answers — Department of Finance: VAT Rate Application (30 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 86, 87 and 90 together. The standard rate of VAT applies to food supplements. However, a Revenue Commissioners concession allowed the zero rate to be applied to certain types of vitamins, minerals and fish oils. Revenue has since decided to remove this concession with effect from 1 March 2019 so that all food supplements will be charged at the standard...

Written Answers — Department of Finance: Tax Data (30 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 88 and 89 together. Section 949AG of the Taxes Consolidation Act 1997 (which was inserted by the Finance (Tax Appeals) Act 2015) was identified by Revenue and the Tax Appeals Commission ("TAC") as being interpreted, in a small number of instances, as applying in all situations and as conferring the right on appellants to require the TAC to require disclosure...

Written Answers — Department of Finance: Financial Services Regulation (30 Jan 2019)

Paschal Donohoe: Provision 6.12 of the Central Bank Consumer Protection Code states that, where a regulated entity offers an incentive to a personal consumer on an existing mortgage (and, following an addendum to the Code which came into effect on 1 January 2019, now also in respect of a new mortgage), the regulated entity must provide the personal consumer, on paper or on another durable medium, with the...