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Written Answers — Department of Finance: EU Budget Contribution (18 Dec 2018)

Paschal Donohoe: EU budget payments and public sector receipt data are published annually on the Department of Finance’s website in the Budget Statistics publication. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU also pays some additional receipts directly to private beneficiaries under 'centralised direct...

Written Answers — Department of Finance: Mortgage Book Sales (18 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 161 and 162 together. In answering the Deputy's questions, I have assumed that she is referring to the recent securitisation of a portfolio of NPLs announced by PTSB - Project Glenbeigh. The Deputy will be aware that the reduction in the level of non performing loans (NPLs) across European banks is a major priority for the banking regulator, the SSM. The Irish...

Written Answers — Department of Finance: Ministerial Meetings (18 Dec 2018)

Paschal Donohoe: I travelled to the United States on Monday 10 December for a programme of high level meetings in Washington DC. The main objective of the visit was to engage at the highest levels of the US Administration, as well as with senior members of Congress, on vital issues for Ireland, such as, the strong economic links between Ireland and the US, transatlantic relations, international trade, and a...

Written Answers — Department of Finance: Code of Practice on the Transfer of Mortgages (18 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 164 and 165 together. The Central Bank is empowered to impose codes of conduct under Section 117 of the Central Bank Act 1989. Such codes of conduct are required to be complied with by the regulated entities to whom they take effect as a matter of law. This means that the Central Bank can take action against a regulated entity which does not comply with a code...

Written Answers — Department of Finance: Special Savings Incentive Scheme (18 Dec 2018)

Paschal Donohoe: I can advise the Deputy that I have no plans to introduce a SSIA type of saving product at this time.

Written Answers — Department of Public Expenditure and Reform: Garda Station Refurbishment (18 Dec 2018)

Paschal Donohoe: The Office of Public Works is currently finalising the "Planning Stage" for the new Bailieborough Garda Station. It is expected that this Part 9 Planning Application phase will be concluded very shortly. It is not possible at this stage to be definitive about a completion date for the new Station. Work will soon be progressed on the preparation of tender documentation to enable the public...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (18 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 168 and 169 together. The Office of Public Works, on behalf of the Minister for Public Expenditure and Reform, has been engaged in extensive discussions with the Revenue Commissioners, the Department of Agriculture, Food and the Marine, the Department of Health and the Department of Transport in order to assess the requirements for additional inspection...

Written Answers — Department of Public Expenditure and Reform: Garda Station Closures (18 Dec 2018)

Paschal Donohoe: The 2012 and 2013 policing plans for An Garda Síochána identified 139 Garda stations for closure including the former Garda Station at Moyvane. Many of these properties reverted to the Office of Public Works (OPW) to identify an alternative State use or manage their disposal. In 2016, An Garda Síochána/Policing Authority undertook a review of the closed Garda...

Written Answers — Department of Public Expenditure and Reform: Redundancy Payments (18 Dec 2018)

Paschal Donohoe: The Department of Public Expenditure and Reform and the Public Services Committee of ICTU agreed under the Public Service Agreement 2010 – 2014 that, inter alia, with effect from 1 June 2012 in the case of redundancy in the public service, any ex gratiapayment will amount to no more than 3 weeks' pay per year of service, subject to the total statutory redundancy and ex gratia payment...

Written Answers — Department of Public Expenditure and Reform: Trade Union Recognition (18 Dec 2018)

Paschal Donohoe: The Civil Service Conciliation & Arbitration Scheme (C&A Scheme) is the formal structure for the conduct of industrial relations in the civil service and the scheme is administered by my Department. Under the provisions of the C&A Scheme the Minister for Public Expenditure and Reform may consider applications from any union or association seeking recognition under the Scheme...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (18 Dec 2018)

Paschal Donohoe: Section 10 of the Public Service Pensions (Single Scheme and Other Provisions) Act 2012 provides that where a person commences pensionable public service after 1 January 2013 they shall be entered into the Single Scheme. Membership of the Single Scheme also applies to former pensionable public servants returning to pensionable public service employment after a break of more than 26 weeks. ...

Written Answers — Department of Public Expenditure and Reform: Legislative Measures (18 Dec 2018)

Paschal Donohoe: I refer the Deputy to my answer to Question No. 193 of 13 November 2018. The Deputy's attention is drawn to an amendment to the Bill proposed by Deputy Barry Cowen which was accepted at Committee Stage on 11 December. The effect of the amendment is require a report to be prepared within 3 months of the passing of the Bill which looks at the group of public servants who reached the age of...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (18 Dec 2018)

Paschal Donohoe: The Public Service Superannuation (Age of Retirement) Bill 2018 passed all stages in the Seanad on 17 July. It passed Committee Stage in the Dail on 11 December and is scheduled for Report and Final Stages in the Dáil on 18 and 19 December. The Bill is scheduled to be re-committed to the Seanad on 20 December to consider amendments to the Bill that were agreed in the Dáil. ...

Written Answers — Department of Finance: VAT Rate Increases (13 Dec 2018)

Paschal Donohoe: The 9% VAT rate was introduced as a temporary measure in Finance (No. 2) Act 2011, to cease at the end of 2013.  This period was subsequently extended but during last year’s Finance Bill a commitment was given to undertake a review of the 9% VAT rate.  This Review, which was published in July 2018, assessed the relevance, cost, value-for-money and impact to date of the...

Written Answers — Department of Finance: Consultancy Contracts Data (13 Dec 2018)

Paschal Donohoe: The details of the audit & consultancy fees paid by the department to KPMG, Ernst & Young, Deloitte and PriceWaterhouseCooper in each of the years since 2009 are provided in the following table: Year Supplier Expenditure € Percentage of Audit Consultancy Fees that these payments represent 2016 PriceWaterhouseCooper €73,031 45.60% 2018 KPMG...

Written Answers — Department of Finance: Revenue Documents (13 Dec 2018)

Paschal Donohoe: Revenue has advised me that it does not issue P45 documents to taxpayers. These documents are provided directly to employees by employers where an employment is ceased. Revenue has however been in direct contact with the person in question and has provided them with written statements setting out the required details (per Revenue’s records) in respect of the employments listed by the...

Written Answers — Department of Finance: Mortgage Book Sales (13 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 58 and 59 together. The Code of Practice on the Transfer of Mortgages (the Code of Practice) was issued by the Central Bank of Ireland in 1991 to institutions involved in mortgage credit. It may be applied on a voluntary basis by any institution involved in mortgage credit.  The Code of Practice applies to a loan secured by the mortgage of a...

Written Answers — Department of Finance: Licensed Moneylenders (13 Dec 2018)

Paschal Donohoe: The Consumer Credit Act 1995 already provides for the regulation of moneylenders though it does not provide for a maximum rate of interest.  The legislation provides that the Central Bank can refuse to grant a licence to a moneylender if it is of the opinion that the cost of credit to be charged is excessive.  Since the Central Bank assumed responsibility for the licensed...

Written Answers — Department of Finance: Insurance Industry Regulation (13 Dec 2018)

Paschal Donohoe: 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. The Central Bank has advised that the Solvency II Directive represented a...

Written Answers — Department of Finance: Insurance Industry Regulation (13 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 62 and 63 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. The Central Bank has...

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