Results 17,201-17,220 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Union Services (23 Jan 2019)

Paschal Donohoe: As the Deputy is aware, Section 38 1(a) of the Credit Union Act 1997 prescribes that the interest on a Credit Union loan shall not at any time exceed 1% per month. This represents an APR of 12.68%. In a Credit Union Advisory Committee (CUAC) Policy Paper published in December 2017, the CUAC recommended that credit unions should be permitted to charge an interest rate on loans greater...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (23 Jan 2019)

Paschal Donohoe: As the deputy will be aware, Finance Act 2018 changed the way in which relief under the Employment Investment Incentive is claimed for share issues on or after 1 January 2019.  For share issues prior to  1 January 2019, companies had to receive Revenue certification for each share issue before the investors could claim relief.  Prior to issuing shares, companies could apply...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (23 Jan 2019)

Paschal Donohoe: Section 25 of Finance Act 2018 provides for a number of changes to the operation of the Employment Investment Incentive (“EII”) in the Taxes Consolidation Act 1997 (TCA) .  One of the changes is putting the claims on a self-assessment basis, with the company responsible for judging whether or not it meets the company conditions, and the individual investors responsible for...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (23 Jan 2019)

Paschal Donohoe: I am advised by Revenue that the issue in this case has been resolved and the person’s application for tax relief under the Scheme for Persons with Disabilities has been approved. The refund payment will issue to the person within the next five to seven working days.  The delay in approving the person’s application occurred because the PPS number provided was no longer...

Written Answers — Department of Finance: Brexit Staff (23 Jan 2019)

Paschal Donohoe: I wish to inform the Deputy that the Assistant Secretary who heads the EU and International Division of my Department is designated as the lead official in the Department for Brexit matters.  A dedicated Brexit Unit within the EU and International Division was established in July 2016 to oversee and coordinate Brexit work across the entire Department and to act as a...

Written Answers — Department of Finance: Revenue Commissioners Staff (23 Jan 2019)

Paschal Donohoe: I am advised by Revenue that they have estimated that an additional 600 staff would be required as a result of Brexit. Such staff are to be deployed on a phased basis in the period up the end of December 2020. It is estimated that approximately half will be assigned to import/export trade facilitation activities; and half to the national divisions, engaged in trade...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (23 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 81 and 83 together. On the 19 December 2018 the Government published its Contingency Action Plan which gives an overview of the comprehensive, cross-Government preparations that are underway.  Preparations will continue on the central case scenario, in which a Withdrawal Agreement is concluded between the EU and the UK.  Preparations have now...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (23 Jan 2019)

Paschal Donohoe: I refer the Deputy to my reply to PQ 1083/19 to Deputy Fiona O'Loughlin on the 15 January 2019.

Written Answers — Department of Public Expenditure and Reform: Public Expenditure Data (23 Jan 2019)

Paschal Donohoe: The Public Spending Code is the set of rules and procedures that apply to ensure that value for money standards are upheld across the Irish Public Service. The Public Spending Code encompasses guidance on a variety of issues related to the management of expenditure at each stage of the expenditure lifecycle. This includes central guidance on the application of appraisal and evaluation...

Written Answers — Department of Public Expenditure and Reform: Public Expenditure Data (23 Jan 2019)

Paschal Donohoe: The Public Spending Code is the set of rules and procedures that apply to ensure that value for money standards are upheld across the Irish Public Service. The Public Spending Code encompasses guidance on a variety of issues related to the management of expenditure at each stage of the expenditure lifecycle. This includes central guidance on the application of appraisal and evaluation...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (23 Jan 2019)

Paschal Donohoe: The Central Economic and Evaluation Unit (CEEU) became part of the Department of Public Expenditure and Reform during 2011.  At the end of 2011, there was one Principal Officer, five Assistant Principals, a Higher Executive Officer, an Executive Officer, a Services Officer and a Clerical Officer in the CEEU.  The Irish Government Economic and Evaluation Service...

Written Answers — Department of Public Expenditure and Reform: Brexit Staff (23 Jan 2019)

Paschal Donohoe: Budget 2019 includes specific measures aimed at continuing our comprehensive domestic response to the impact of Brexit across Government.  This included €4 million for the recruitment on a phased basis of additional staff to implement necessary measures including in the areas of customs, SPS and food safety controls. Within my own Department Brexit issues are...

Written Answers — Department of Finance: NAMA Social Housing Provision (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 to 111, inclusive, together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or...

Written Answers — Department of Finance: Tax Yield (22 Jan 2019)

Paschal Donohoe: Finance (No. 2) Act 2008 facilitated the introduction of a car parking levy in urban areas. The enabling of the measure would require a Ministerial Order. Such an Order has not been made to date and consequently there has been no revenue collected nor any employees levied.

Written Answers — Department of Finance: Tax Code (22 Jan 2019)

Paschal Donohoe: As outlined in my reply to Parliamentary Questions 139, 140 and 147 of 11 December 2018, 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 S851A of the Taxes Consolidation Act 1997 Revenue does not comment on the tax affairs of individual taxpayers. The position in tax law is that where an...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (22 Jan 2019)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs that address failures in the Irish SME finance market as well as encouraging and promoting competition and innovation, and the efficient and effective use of EU resources and financial instruments. The SBCI...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (22 Jan 2019)

Paschal Donohoe: The Strategic Banking Corporation of Ireland, known as the SBCI, has been Ireland’s national promotional institution since it was established in September 2014. The SBCI’s role as a national promotional institution is to focus is delivering effective financial supports to Irish SMEs, facilitating the availability of appropriate and flexible finance to Irish small businesses, and...

Written Answers — Department of Finance: Tax Data (22 Jan 2019)

Paschal Donohoe: I am advised by Revenue that interest on late payment statistics are collated on the basis of interest charges paid and not on the number of SMEs charged.  A total of 14,244 taxpayers paid interest amounting to €33.37m in 2017 in respect of the late payment of Income Tax, including interest charged as part of audit settlements. The current rate of interest in respect of late...

Written Answers — Department of Finance: VAT Rate Application (22 Jan 2019)

Paschal Donohoe: Under the VAT Consolidation Act 2010, the standard rate of VAT applies to all food supplements, which are not foods in the ordinary and everyday meaning of the word.  A long-standing concession provided for in Revenue Commissioners guidance permitted the zero rating of certain types of food supplements (vitamins, minerals and fish oils).  New guidance was published on...

Written Answers — Department of Finance: Excise Duties (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 118 and 143 together. EU Directive 92/83/EEC deals with the harmonization of the structures of excise duties on alcohol and other alcoholic beverages.  This Directive provides that Member States may apply reduced rates of excise for small beer producers and also for small distilleries (spirit drinks producers). Ireland has exercised the...