Results 16,901-16,920 of 32,602 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes (4 Dec 2018)

Paschal Donohoe: The outline design concept for the proposed Flood Relief Scheme (FRS) at Drogheda, Co. Louth, which was developed as part of the OPW’s CFRAM programme, currently includes proposals for works at the north quay. The Drogheda FRS has an estimated cost of €16.8 million and is planned to include construction of a series of hard defences (flood embankments and walls) along the River...

Written Answers — Department of Foreign Affairs and Trade: Brexit Issues (29 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 57, 58 and 73 to 75, inclusive, together. The Department of Finance has been assessing and preparing for the impact of Brexit since before the referendum on 23 June 2016. This work is being carried out within the whole-of-Government structures established by the Department of Foreign Affairs. It includes scoping legislative requirements and preparing draft...

Written Answers — Department of Foreign Affairs and Trade: Brexit Issues (29 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 59 and 60 together. The Department of Finance has been assessing and preparing for the impact of Brexit since before the referendum on 23 June 2016. This work is being carried out within the whole-of-Government structures established by the Department of Foreign Affairs. As part of this work all Departments have been tasked by the Government to rollout...

Written Answers — Department of Foreign Affairs and Trade: Vehicle Registration (29 Nov 2018)

Paschal Donohoe: Section 53, Finance Act 2017 amended section 130, Finance Act 1992 by moving category N1 vehicles with 4 or more seats and to which a BE bodywork code has not been assigned from the preferential VRT category B into the higher VRT category A. The vehicles affected include a number of models that are commonly referred to as “sports utility vehicles” that are typically used for...

Written Answers — Department of Foreign Affairs and Trade: Employment Investment Incentive Scheme (29 Nov 2018)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies. EII is a State Aid. In 2015 it came within the scope of the European Commission's General Block Exemption Regulation (“GBER”). A number of changes were made to EII in Finance Act 2015 and Finance Act 2017 to ensure conformity...

Written Answers — Department of Foreign Affairs and Trade: Tax Data (29 Nov 2018)

Paschal Donohoe: Companies are entitled to claim capital allowances in respect of certain capital expenditure, including expenditure on qualifying plant and machinery, intangible assets and industrial buildings. For example, plant and machinery is generally written down at a rate of 12.5% per year over 8 years. I am informed by Revenue that information is not available on tax returns in respect of the...

Written Answers — Department of Foreign Affairs and Trade: Tax Code (29 Nov 2018)

Paschal Donohoe: The Deputy will be aware that the administration of the tax code is a matter for Revenue. The Deputy will also be aware that, in accordance with the provisions of the Taxes Consolidation Act as regards the confidentiality of a taxpayer’s affairs, Revenue does not comment on the tax affairs of individual taxpayers. On the general point raised by the Deputy, I am advised by Revenue...

Written Answers — Department of Foreign Affairs and Trade: Carbon Tax Yield (29 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 65 to 67, inclusive, together. I am advised by Revenue that increasing the Carbon Tax from €20 per tonne to €100 per tonne by the values supplied would give the estimated yield for each carbon fuel type as shown in the table below. These estimates are based on the current volumes for each commodity and include both the increased Carbon Tax and...

Written Answers — Department of Foreign Affairs and Trade: Tax Agreements (29 Nov 2018)

Paschal Donohoe: The issue which that the Deputy has raised refers to Irish resident individuals who are US citizens but do not have economic links with the US. These individuals are subject to US tax on the basis of having US citizenship. The phrase “accidental Americans” has been used to refer to these individuals. Ireland signed an Intergovernmental Agreement with the United States in...

Written Answers — Department of Foreign Affairs and Trade: EU Regulations (29 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 69 to 71, inclusive, together. Commission Regulation (EU) No. 702/2014 of 25 June 2014, commonly known as the Agricultural Block Exemption Regulation (ABER), is the Regulation under which certain categories of State aid can be granted to the agricultural and forestry sectors. In relation to question 49969/18, ABER entered into force on 1 July 2014 and has...

Written Answers — Department of Foreign Affairs and Trade: Revenue Documents Issuance (29 Nov 2018)

Paschal Donohoe: Section 21 of Finance Bill 2018 includes a range of amendments to Part 23 of the Taxes Consolidation Act 1997 (Farming and Market Gardening). The principal changes were the removal of restrictions relating to criteria enabling individuals to qualify for farm averaging and amendments to the stock relief provisions to ensure conformity with the EU Agricultural Block Exemption Regulation. ...

Written Answers — Department of Foreign Affairs and Trade: Tax Data (29 Nov 2018)

Paschal Donohoe: Following further clarification in correspondence with the Deputy’s office, it is my understanding that the Deputy is seeking information in respect of capital allowances for intangible assets. I am advised by Revenue that the available information on companies claiming the highest amounts of capital allowances in respect of intangible assets in 2015 and 2016 is contained in the table...

Written Answers — Department of Foreign Affairs and Trade: General Government Debt (29 Nov 2018)

Paschal Donohoe: When discussing debt it is important to note the distinction between national debt and general government debt. National debt is a presentation of the indebtedness of the Exchequer, net of cash and other financial assets, and excludes certain liabilities that are recognised in general government debt. While the national debt is the principal component of general government debt, the latter...

Written Answers — Department of Foreign Affairs and Trade: Departmental Operations (29 Nov 2018)

Paschal Donohoe: My Department is the lead Department for ten key actions in the November 2017 report to enhance the State’s corporate, economic and regulatory framework. The majority of actions have already been implemented and the others are in progress for implementation. Markets in Financial Instruments Directive (MiFID II): The Markets in Financial Instruments Directive 2 (“MiFID...

Written Answers — Department of Public Expenditure and Reform: Legislative Measures (29 Nov 2018)

Paschal Donohoe: The Public Service Superannuation (Age of Retirement) Bill 2018, which was published on 9 July, passed all stages in the Seanad on 17 July. It passed Second Stage in the Dail on 7 November and is provisionally scheduled for Committee Stage in the Dail on 11 December. While ultimately, the scheduling of the Bill in the Dail is a matter for the Oireachtas, my intention is to secure enactment...

Written Answers — Department of Public Expenditure and Reform: Road Projects (29 Nov 2018)

Paschal Donohoe: I am advised by the Office of Public Works (OPW) engineering staff that any damage to the road referred to by the Deputy did not arise from OPW's activities. While this Office did undertake works in the area earlier this year, it did not involve the transport of heavy machinery along the road in question. Accordingly, any remediation works to this road, if it a public road, would in the...

Written Answers — Department of Finance: VAT Rate Application (28 Nov 2018)

Paschal Donohoe: Currently, the standard rate of VAT applies to food supplements. However, there is a Revenue concession which allows the zero rate to be applied to certain types of food supplements (vitamins, minerals and fish oils). The practice of zero rating vitamins, minerals and fish oil food supplements has been applied since the introduction of VAT in November 1972 when the marketplace for food...

Written Answers — Department of Finance: Competition and Consumer Protection Commission Reports (28 Nov 2018)

Paschal Donohoe: Following the publication of the Competition and Consumer Protection Commission (CCPC) report on Personal Contract Plans (PCPs) and the Central Bank of Ireland "Economic Letter" overview of the Irish PCP market last March, I commissioned Mr. Michael Tutty , a former Second Secretary General in the Department of Finance and Chairman of the Commission for Energy Regulation to conduct a review...

Written Answers — Department of Finance: Banking Sector (28 Nov 2018)

Paschal Donohoe: As I have stated previously and to clarify for the Deputy, the Irish Banking Culture Board is a private initiative from the banking industry in Ireland aimed at rebuilding trust and confidence in the industry following the tracker mortgage scandal, and as such it is not within the remit of my Department nor the Central Bank as regulator. It is intended that the Irish Banking Culture...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (28 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 122 to 124, inclusive, together. As EII is a tax relief designed to assist companies raise risk equity financing, I assume that when referring to participants, the Deputy is referring to companies who raised funds under the EII scheme. I am advised by Revenue that details of the companies who are approved under EII and SURE are published on the Revenue...