Results 16,681-16,700 of 32,602 for speaker:Paschal Donohoe

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

Paschal Donohoe: It is assumed that the Deputy is referring to the revised entrepreneur relief which is provided for in Section 597AA of the Taxes Consolidation Act 1997 in respect of Capital Gains Tax (CGT) for individuals disposing of certain business assets. I am advised by Revenue that based on analysis of CGT returns filed for the tax year 2016, the latest year available, approximately 410...

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

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow us to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations. The measure provides income tax relief on a portion of income earned by employees, who are assigned by their employer to work in Ireland, and...

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

Paschal Donohoe: The Foreign Earnings Deduction (FED) is provided for in section 823A of the Taxes Consolidation Act 1997 (TCA). It provides relief from tax on up to €35,000 of salary for employees who travel out of State to certain countries on behalf of their employer. In order to qualify for FED, an employee must spend a minimum of 30 days abroad in a year and each trip must consist of at least...

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

Paschal Donohoe: The Key Employee Engagement Programme, KEEP, came into effect on 1 January 2018 to help SMEs to attract and retain employees in our highly competitive labour market. I am advised by Revenue that details of the costs and numbers availing of this programme will only be available once the relevant employer tax returns for 2018 have been received and processed. The first KEEP return is due on 31...

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

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies. The annual cost and number of companies that have availed of the scheme between 2012 and 2016, the latest year for which data are currently available, can be found in the table below. Year No. of qualifying companies Tax Cost 2012 78...

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

Paschal Donohoe: Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new business set up by them. The most recent year for which statistics are available on this incentive is 2016. The cost and number of individuals who have availed of SURE for each year from 2012...

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

Paschal Donohoe: I propose to take Questions Nos. 144 to 147, inclusive, together. The Tax Appeals Commission ("TAC") was established on 21st March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers sent their appeals directly to Revenue who then transferred cases to the Appeal Commissioners when they were ready for a hearing....

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

Paschal Donohoe: I propose to take Questions Nos. 149 and 150 together. In response to the Deputy’s questions, my officials sought the relevant information from the Central Bank. The Central Bank has indicated that as of end November 2018, there were 51,012 policyholders in Ireland that have been impacted by the developments with Qudos.Patrona Underwriting Ltd has issued a statement saying that...

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

Paschal Donohoe: I propose to take Questions Nos. 151 to 153, inclusive, together. In general terms I do not consider it appropriate for either me or my Department to engage with our counterparts in other Member States on regulatory/supervisory matters as in my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the...

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

Paschal Donohoe: I propose to take Questions Nos. 154 to 156, inclusive, together. In general terms I do not consider it appropriate for either me or my Department to engage with our counterparts in other Member States on regulatory/supervisory matters as in my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the...

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

Paschal Donohoe: As a general rule, it is not appropriate in my view for either my Department or the Central Bank to engage directly with the liquidators of insolvent insurers in other Member States. Instead in the cases in question (Qudos and Alpha) the Central Bank has liaised with its Danish counterparts (the Danish Financial Supervisory Authority (DFSA)), in order to try and obtain whatever information...

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

Paschal Donohoe: I propose to take Questions Nos. 158 and 159 together. I am supportive of the general idea of greater harmonisation at EU level for insurance guarantee schemes (IGSs) as this would serve to enhance policyholder protection and ensure a more equitable outcome for policyholders and claimants in different Member States. The current situation whereby Member States have adopted their own approach...

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

Paschal Donohoe: At the outset I would like to say that as there is currently no EU harmonised approach to insurance guarantee schemes. Member States have adopted their own approach to such schemes, which show noticeable differences in design features, such as scope, coverage and funding. I understand that the Danish scheme for non life companies (Garantifonden for skadesforsikringsselskaber) was established...

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

Paschal Donohoe: As the Deputy is aware, under the terms of the Declined Cases Agreement (DCA), which is adhered to by all motor insurers in Ireland, the insurance market will not refuse to provide insurance to an individual seeking motor insurance if he or she has approached at least three insurers and has not been able to obtain cover from them. I am not responsible for the operation of the DCA and...

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

Paschal Donohoe: I propose to take Questions Nos. 162 and 163 together. I am advised by Revenue that information in respect of 2018 corporation tax payments is not yet available. It will be published in 2019 once the associated analysis is completed. In relation to 2017, the most recent year for which data are available, I am advised that information in respect of the amount of Corporation Tax paid by...

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

Paschal Donohoe: Following Government approval, the "National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018" was published on 23 October 2018 and subsequently circulated to Deputies. If enacted, this Bill will provide the legislative underpinning for the Rainy Day Fund, which will formally be known as the "National Surplus (Exceptional Contingencies) Reserve Fund". However, the timing of...

Written Answers — Department of Finance: Legislative Measures (19 Dec 2018)

Paschal Donohoe: As the Deputy is aware the Central Bank (National Claims Information Database) Bill 2018, which underpins the proposed Database, is scheduled for Committee Stage and remaining stages in the Seanad tomorrow (20 December 2018). I am hopeful that the Bill will be approved by the Seanad which will enable it to be enacted by the end of the year. I then intend to commence the relevant...

Written Answers — Department of Finance: Stamp Duty (19 Dec 2018)

Paschal Donohoe: I am advised by Revenue that the available information is the estimated net receipts of Stamp Duty associated with all types of property for January to November 2018, which amounted to €586 million. It is tentatively estimated that around €430 million of these receipts relate to non-residential property. The final figure for the split between residential and non-residential...

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

Paschal Donohoe: The details of the amount spent on social media by this Department in 2016, 2017 and to date in 2018 and the projected spend in 2019 is provided in the table below. Section The amount spent on social media by his Department in 2016, 2017 and to date in 2018, the projected spend in 2019; Banking Division 2017 - YouTube - €6,222.862018 - YouTube - €8,895.94 Nil...

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

Paschal Donohoe: The details of the amount spent on marketing and media by this Department in 2016, 2017 and to date in 2018. Presently we have no projected spend for this type of expenditure for 2019. Section The amount spent on marketing and media by his Department in 2016, 2017 and to date in 2018 the projected spend in 2019; International Finance Division 2018 – Independent Newspapers...