Results 16,661-16,680 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Motor Insurance Costs (19 Dec 2018)

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. These are...

Written Answers — Department of Finance: NAMA Social Housing Provision (19 Dec 2018)

Paschal Donohoe: The information requested by the Deputy in respect of the number of houses and apartments in each local authority area that have been directly financed by NAMA's residential funding programme since 2014 is set out in the table. http://debatesarchive.oireachtas.ie/debates%20authoring/weba ttachments.nsf/0/8456B10BA4771990802583680058699C/$File/ATTI A167.pdf?openelement

Written Answers — Department of Finance: VAT Rate Increases (19 Dec 2018)

Paschal Donohoe: Services and goods currently applying at 9% VAT rate will increase to 13.5% from 1 January 2019. As the supply of hairdressing services is currently applied at the 9% VAT rate, from 1 January 2019 the rate of VAT applying to the supply of hairdressing services will increase from 9% to 13.5%, an effective increase of 4.5%.

Written Answers — Department of Finance: Money Laundering (19 Dec 2018)

Paschal Donohoe: In relation to the International Bank referred to in the Deputy's question I have been advised by the Central Bank of Ireland (CBI) that its Irish Branch is supervised for compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (the Act) by the CBI. The CBI’s mandate under the Act is to supervise designated persons compliance with the Act. ...

Written Answers — Department of Finance: Departmental Advertising Campaigns (19 Dec 2018)

Paschal Donohoe: The details of the amount spent on the purchase of external communications and publicity in 2018 by advertising campaign including specific amounts on social media campaigns or other digital platforms and the amount spent on public relations or other communications is provided in the table. Section The amount spent on public advertising and the purchase of external communications and...

Written Answers — Department of Finance: Tax Collection (19 Dec 2018)

Paschal Donohoe: The move to real-time reporting is the most significant change to the PAYE system since its introduction more than fifty years ago. The modernisation programme will bring improved accuracy and transparency for all stakeholders, including employers, employees and Revenue, while also significantly streamlining the entire administration process. Since October 2016, when the then Minister for...

Written Answers — Department of Finance: Brexit Issues (19 Dec 2018)

Paschal Donohoe: I am advised by Revenue that its Brexit contingency plans are progressing well. Revenue’s priority to date has been on upgrading relevant IT systems to have the most advanced systems possible to support and facilitate smooth and efficient trade flows. Performance testing is well advanced and I am assured by Revenue that based on the work completed to date they are confident that...

Written Answers — Department of Finance: Tax Reliefs Availability (19 Dec 2018)

Paschal Donohoe: I have no plans at present to propose the reintroduction of rent relief generally or specifically in relation to third-level students. As the Deputy may be aware, tax relief in respect of rent paid, was abolished for new applicants in Budget 2011. This followed a recommendation in the 2009 report by the Commission on Taxation that rent relief should be discontinued. The view of this...

Written Answers — Department of Finance: Insurance Industry (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 122 and 148 together. At the outset I would like to say that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the day to day supervision of insurance companies. I have therefore consulted with the Central Bank on the matters raised by the Deputy. Latent defect insurance is...

Written Answers — Department of Finance: Proposed Legislation (19 Dec 2018)

Paschal Donohoe: The Investment Funds Industry has been a successful and significant element of the Irish financial services landscape for many years. This success has been underpinned by various periodic relevant changes in the legislative landscape that have made Ireland an attractive domicile for promoters in Asia, across Europe, the U.S., and further afield. This success has also benefitted from the...

Written Answers — Department of Finance: Central Bank of Ireland Staff (19 Dec 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that there are currently 61 open vacancies across the Central Bank, which are at varying stages of the recruitment process. A full breakdown of the number of vacancies in each functional area is detailed below. The current average time to hire for open roles is 10 weeks. Pillar Directorate Division Role Title(s) No of open roles...

Written Answers — Department of Finance: Central Bank of Ireland (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 125 and 126 together. I must remind the Deputy that the Central Bank cannot comment publicly on individual regulatory relationships or the applications for authorisation of specific firms. Information relating to the number of applications that have been processed by the Central Bank is published on its website, available here: . The Central Bank publishes...

Written Answers — Department of Finance: Revenue Commissioners Staff (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 127 and 130 together. Revenue’s Vote for 2018 provides for a fulltime equivalent (FTE) staffing complement of 6,114. Revenue currently has 6,129 FTE serving permanent staff. Therefore, there are no vacancies at this time. The average weekly serving FTE to date in 2018 is 6,084. Revenue has appointed over 600 staff from open and interdepartmental...

Written Answers — Department of Finance: Tax Appeals Commission (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 128 and 131 together. In response to the Deputy’s questions the following tables outline the number of open roles by functional area and position since the inception of the Tax Appeals Commission on 21 March, 2016: Appeal Commissioners Grade 2016 2017 2018 Total as at 17 Dec 2018 Appeal Commissioner 2 2 2 2 Temporary Appeal Commissioner* 1 (Started...

Written Answers — Department of Finance: Central Bank of Ireland Staff (19 Dec 2018)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following data tables in response to the Deputy's question. 2016 Staffing Numbers PILLAR DIRECTORATE JAN ACTIVE FTE FEB ACTIVE FTE MAR ACTIVE FTE APRIL ACTIVE FTE MAY ACTIVE FTE JUN ACTIVE FTE CENTRAL BANKING ECONOMICS 99.3 98.1 99.1 100.1 102.1 100.1 CENTRAL BANKING FINANCIAL OPERATIONS 77.8 85.2 87.2 77.2 82.4 77.2 CENTRAL BANKING...

Written Answers — Department of Finance: NAMA Accounts (19 Dec 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020/2021 and that, over those two years, the Agency expects that a surplus currently projected to be €3.5bn will be available for return to the State. However it is important to note that this surplus has yet to fully crystallise. Its realisation depends on the success of NAMA's ongoing...

Written Answers — Department of Finance: Code of Practice on the Transfer of Mortgages (19 Dec 2018)

Paschal Donohoe: The Code of Practice on the Transfer of Mortgages was introduced in 1991. As the Deputy will be aware, it is a voluntary code. That said, the enactment of the Consumer Protection (Regulation of Credit Servicing Firms) 2015 means that the protections which a borrower had before a loan was sold were not lost on the sale. Credit servicing firms are now regulated entities and are required as a...

Written Answers — Department of Finance: Alcohol Pricing (19 Dec 2018)

Paschal Donohoe: I would point out that there is no Exchequer loss as a result of below-cost selling of alcohol. VAT is a tax on the value added to a supply, and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer. Under EU and domestic VAT rules, traders who are registered for VAT collect VAT on the goods and services that they sell. In turn...

Written Answers — Department of Finance: Tax Agreements (19 Dec 2018)

Paschal Donohoe: Following correspondence with the Deputy's office, I note that this PQ has been withdrawn.

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 136 and 137 together. I am advised by Revenue that the annual cost of the research and development tax credit for the most recent five years for which data are available (i.e. to 2016), and the number of companies that have availed of the scheme in each of these years, is as set out in the table below. Year Total Exchequer Cost (€m) Number of...