Results 16,661-16,680 of 33,987 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Insurance Industry (26 Mar 2019)

Paschal Donohoe: Qudos Insurance A/S (Qudos) was authorised and prudentially regulated by the Danish Financial Services Authority (DFSA). It sold non-life insurance policies (mainly motor and home policies) in Ireland through Patrona Underwriting Ltd. on a freedom of services basis. On 20 December 2018, the DFSA notified the Central Bank that Qudos had been declared bankrupt. Existing policies continued to...

Written Answers — Department of Finance: VAT Exemptions (26 Mar 2019)

Paschal Donohoe: VAT is guided by the EU VAT Directive, with which Irish VAT law must comply. In Ireland, certain sanitary products, such as sanitary towels and tampons, are charged to VAT at the zero rate. Article 110 of the VAT Directive allows Member States to apply a zero rate of VAT to goods or services that are social in nature, that benefit the final consumer and which applied at a zero rate on and...

Written Answers — Department of Finance: NAMA Investigations (26 Mar 2019)

Paschal Donohoe: Section 172(3) of the National Asset Management Agency Act 2009 is a legal provision which prohibits the sale of assets held as security for NAMA loans to debtors who have defaulted on those loans or persons acting on behalf of defaulting debtors. To ensure compliance with this section, I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Mar 2019)

Paschal Donohoe: Frontex, the European Border and Coast Guard Agency, promotes, coordinates and develops European border management in line with the EU fundamental rights charter and the concept of Integrated Border Management. I am advised by Revenue that there are no Frontex officers working with them.

Written Answers — Department of Finance: Tax Data (26 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 212 to 215, inclusive, together. In relation to the questions regarding rulings in the years in question, I am advised by Revenue that although the Tax Treaty Branch of its International Tax Division replied to a very small number of internal Revenue queries in relation to the Artistes and athletes Article of the Double Taxation Convention (DTC) between...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Mar 2019)

Paschal Donohoe: I am advised by Revenue that the net costs of storing, maintaining and disposing of seized goods for the years 2011 to 2018 are set out in the following table. The figures include employee salaries, transport, security and other day to day expenditure, but exclude rental costs for the State Warehouse and any other related expenses incurred by the Office of Public Works. 2011 2012 2013 2014...

Written Answers — Department of Finance: Departmental Consultations (26 Mar 2019)

Paschal Donohoe: Further to my answer to PQ No. 4 February 2019, my Department engaged Price Waterhouse Cooper (PWC) to carry out a money laundering and terrorist financing (ML/TF) National Risk Assessment (NRA). The aim of this Assessment was to identify, understand and assess the money laundering and terrorist financing risks faced by Ireland. The findings of the National Risk Assessment have been used to...

Written Answers — Department of Finance: Tax Code (26 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 218 to 223, inclusive, together. I am informed by Revenue that there may be gift tax implications depending on the circumstances in which a parent gives a loan to a child. Where no consideration is given by the child for the loan (i.e. interest-free loan), or where any consideration given is less than an amount related to the open market interest rate, the...

Written Answers — Department of Finance: Interdepartmental Working Groups (26 Mar 2019)

Paschal Donohoe: Within my Department there are a number of Departmental and inter-Departmental Working Groups, working on a range of issues. Details of the membership of each group and the focus of their work are set out in the attached table. Working Group (including focus) Membership Brexit Group Preparedness for no-deal Brexit scenario and co-ordinate Departmental response to Brexit risks Principal...

Written Answers — Department of Finance: Insurance Costs (26 Mar 2019)

Paschal Donohoe: In his contribution to the Dáil debate on a Fianna Fáil insurance motion of 13 March last the Deputy raised 4 issues, – namely, matters regarding the National Claims Information Database (NCID), notifying policyholders of claims made against them, updating the Book of Quantum, and setting up a dedicated Garda insurance fraud unit. In responding to the Deputy's question I...

Written Answers — Department of Finance: Brexit Preparations (26 Mar 2019)

Paschal Donohoe: I am advised by Revenue that there has been a significant increase in registrations for Economic Operators Registration and Identification (EORI) numbers year on year. Revenue have advised that acquiring an EORI number is the minimum requirement for businesses that wish to trade with, or through, the UK when they leave the EU on 29 March 2019. The number of EORI registrations issued to...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Mar 2019)

Paschal Donohoe: I am advised by Revenue that there have been no seizures of smuggled solid fuel to date in 2019. I am assuming that the Deputy, when referring to solid fuel smuggling, is enquiring about the movement of solid fuel into the State from Northern Ireland in the context of Solid Fuel Carbon Tax (SFCT). SFCT is an excise duty that applies to coal and peat when first supplied in the State for use as...

Written Answers — Department of Finance: Departmental Data (26 Mar 2019)

Paschal Donohoe: In line with the Department's Customer Charter, available on the Department's website, a complaint is defined as "an expression of dissatisfaction concerning the provision of a service or services by the Department”. The Department received two complaints for the period 2016 - 2019 outlined in the following table: Division Year of Complaint (2016/2017/2018) Nature of Complaint...

Written Answers — Department of Finance: Mortgage Resolution Processes (26 Mar 2019)

Paschal Donohoe: I am aware from recent reports in the media of the alleged practice that the Deputy is referring to and have been in contact with the Central Bank of Ireland in relation to it. I have been advised by the Central Bank that they are aware of the reported practice that some lenders apply legal costs to the mortgage accounts of borrowers in arrears before the conclusion of legal proceedings. The...

Written Answers — Department of Finance: Revenue Commissioners (26 Mar 2019)

Paschal Donohoe: I am advised by Revenue that their current compliance campaign in this sector, which commenced in 2017, had at end February 2019 yielded €2.3 million in additional tax and penalties. I am also advised that a total of 293 gaming machines have been seized by Revenue for licensing non-compliance. The Deputy may also wish to note that the Government has recently approved the proposals...

Written Answers — Department of Finance: Revenue Commissioners Data (26 Mar 2019)

Paschal Donohoe: Section 43 of the Finance Act 1975 provides that any 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. I am advised by Revenue that it started a compliance project in 2017 on the gaming and amusement sector, including compliance with licensing laws. The following table sets out the number of seizures...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman (26 Mar 2019)

Paschal Donohoe: I refer to the Deputy's Oral Parliamentary Question (No. 10) of 28 February 2019 regarding section 44(2) and section 50(3) of the Financial Services and Pensions Ombudsman Act 2017. I committed that I would follow up on the matter with the Office of the Financial Services and Pensions Ombudsman when I received the particulars of the case from the Deputy. At the time I also stated that...

Written Answers — Department of Finance: Tax Exemptions (26 Mar 2019)

Paschal Donohoe: I propose to take Questions Nos. 233 to 236, inclusive, together. Section 118(5A) of the Taxes Consolidation Act 1997 exempts employees and directors from benefit-in-kind taxation where an expense has been incurred by an employer on the provision of a monthly or annual bus, rail or ferry travel pass for the employee or director. Section 118B provides that the exemption may also apply to bus,...

Written Answers — Department of Finance: Brexit Issues (26 Mar 2019)

Paschal Donohoe: The House was informed at Second Stage that the intention behind Subsection 5 of Section 5 of the National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018 was to allow for a reduction in the planned €500 million payment into the Fund in any of the years 2019 to 2023. Such a reduction would be justified on the basis of a serious and unforeseen event during the year...

Written Answers — Department of Finance: Liquor Licence Fees (26 Mar 2019)

Paschal Donohoe: I am advised by Revenue that the table below includes the total number of Retailers Off Licences issued during 2018, broken down by licence type. The table also includes the total duty collected for each licence type and sets out the additional amount that would be generated if the cost (per licence) was increased from €500 to €700. License Type Licences Issued in 2018...