Results 17,261-17,280 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs Application (17 Jan 2019)

Paschal Donohoe: I understand that the Deputy is referring to a proposed extension to the existing exemption of certain income from long-term leasing of farm land to include rent received by a lessor in respect of a residential property. Section 664 of the Taxes Consolidation Act 1997 provides for the exemption of certain income from leasing of farm land, where the land is let under a qualifying lease, by a...

Written Answers — Department of Finance: Property Tax Review (17 Jan 2019)

Paschal Donohoe: The report of the review of the LPT is currently being finalised in conjunction with the Departments of the Taoiseach, Public Expenditure and Reform, Housing Planning and Local Government, and the Office of the Revenue Commissioners. I will of course carefully consider the conclusions and recommendations of the report when it is presented to me.

Written Answers — Department of Finance: Central Bank of Ireland (17 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 63 and 64 together. The independence of the Central Bank of Ireland is enshrined in the Central Bank Acts, the Treaties of the European Union and by the Statute of the European System of Central Banks, and in that context the Central Bank Commission is responsible for the Bank's overall staffing levels and the allocation of those staff across the Bank. ...

Written Answers — Department of Finance: Central Bank of Ireland (17 Jan 2019)

Paschal Donohoe: Section 48(1) of the Central Bank (Supervision and Enforcement) Act 2013 (the Act) gives the Central Bank of Ireland the power to make regulations for the proper and effective regulation of regulated financial service providers. The benefit of Section 48(1) is that it allows the Central Bank to make detailed and technical sector specific Regulations. The approach adopted in Section 48 was...

Written Answers — Department of Finance: Pensions Data (17 Jan 2019)

Paschal Donohoe: I am advised by the Pensions Authority (PA), a body under the aegis of the Department of Employment Affairs and Social Protection, that at the end of Q3 2018, the value of assets held in PRSA accounts stands at circa €6.6bn. The number of PRSAs established at that time was 275,739 resulting in a mean average value of PRSAs of circa €24,000. I am further advised by the PA that...

Written Answers — Department of Finance: Investor Compensation Company Limited (17 Jan 2019)

Paschal Donohoe: The Investor Compensation Directive (97/9/EC) sets out the basis for clients of investment firms to receive statutory compensation when an authorised investment firm fails. In Ireland, the Investor Compensation Act 1998 provides for the establishment of the Investor Compensation Company DAC (ICCL) which administers the Investor Compensation Scheme. The Investor Compensation Scheme deals...

Written Answers — Department of Finance: Investor Compensation Company Limited (17 Jan 2019)

Paschal Donohoe: The Investor Compensation Directive (97/9/EC) sets out the basis for clients of investment firms to receive statutory compensation when an authorised investment firm fails. In Ireland, the Investor Compensation Act 1998 provides for the establishment of the Investor Compensation Company DAC (ICCL) which administers the Investor Compensation Scheme. The Investor Compensation Scheme deals...

Written Answers — Department of Finance: Pension Provisions (17 Jan 2019)

Paschal Donohoe: The OECD Pensions Outlook 2018 provides comprehensive analysis and insight into the challenges facing developed nations that must design and apply appropriate pension policies to best meet the needs of their existing and future older populations. My colleague the Minister for Employment Affairs & Social Protection outlined last year this Government's approach to reforming all...

Written Answers — Department of Finance: Tracker Mortgages Data (17 Jan 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman is independent in the performance of his statutory functions. I have no role in the day to day workings of his office. However, I have been advised by the Financial Services and Pensions Ombudsman that he currently has 1,221 complaints on hand in January 2019 which relate to tracker mortgage issues. Of those,...

Written Answers — Department of Finance: Departmental Expenditure (17 Jan 2019)

Paschal Donohoe: I can confirm that my Department has spent the following on accountancy and consultancy firms in relation to capital projects in the past five years. Division Amount spent in each year for the past five years on accountancy and consultancy firms in relation to capital projects; The specific capital project in which the costs were incurred; Corporate Affairs 2016 - €4,206.60 2016...

Written Answers — Department of Public Expenditure and Reform: Brexit Issues (17 Jan 2019)

Paschal Donohoe: The number of HGV's passing through Dublin Port varies on a daily basis. The daily peak occurs between the hours of 2-6 each morning and numbers between 300-360 HGV's. The contingency plan takes this figure into account. The Office of Public Works, on behalf of the relevant State agencies, is working with Dublin Port to ensure that an effective traffic management plan is in place. All land...

Written Answers — Department of Public Expenditure and Reform: Departmental Projects (17 Jan 2019)

Paschal Donohoe: This is a matter for the Minister for Culture, Heritage and Gaeltacht in the first instance. Overall responsibility for the management and delivery of the project referred to by the Deputy rests with Cork City Council, with Exchequer grant funding being administered through the Department of Culture, Heritage and the Gaeltacht. I have been advised by the Department of Culture,...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (17 Jan 2019)

Paschal Donohoe: The information requested by the Deputy is included in the following table. Year Company Capital Project Cost 2015 Dovetail Technologies eCohesion IT Project €46,371 2016 Knowledge Pool as part of CAPITA Consulting Business case to deliver a new shared model to deliver learning and development for the Civil Service €106,063 2017 Astron Consulting Limited eCohesion IT...

Nurses and Midwives: Motion [Private Members] (16 Jan 2019)

Paschal Donohoe: I will begin by acknowledging the immense contribution our nurses make in our hospitals and primary care centres every day, in every community in our country.

Nurses and Midwives: Motion [Private Members] (16 Jan 2019)

Paschal Donohoe: While I am very much aware of this contribution, I am equally aware of the contribution that many other public servants make to our economy and society. Deputy Cahill suggested in his contribution that we should go ahead and make additional pay available to nurses but not deal with the fact or the risk of knock-on claims. That is not an option for any government. Many Deputies have made...

Nurses and Midwives: Motion [Private Members] (16 Jan 2019)

Paschal Donohoe: -----all of which will have a big impact on those we care about and those we represent. At the heart of this is our ability to strike a balance between public pay needs and the need to make service and capital investments. We must strike a balance between the two. In this Dáil, I as Minister for Public Expenditure and Reform had to deal with the last chain event, when a decision...

Written Answers — Department of Finance: Credit Availability (16 Jan 2019)

Paschal Donohoe: The framework governing the treatment of a person's liabilities and assets in the context of bankruptcy is provided for in the Bankruptcy Act 1988 as amended. In respect of a mortgage or other secured loan, the secured creditor has the option of either - continuing to rely on the security and not claiming for the debt in bankruptcy or - surrendering the security for the general...

Written Answers — Department of Finance: Tax Exemptions (16 Jan 2019)

Paschal Donohoe: As the Deputy will recall, the advice that I have received from Revenue is that the leasing of land to the spouse or civil partner of a brother or sister of the lessor or the leasing of land to the brother or sister of a spouse or civil partner of a lessor is regarded as a lease between connected persons and is not eligible for relief on the long-term leasing of farm land. Section 664 of...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Jan 2019)

Paschal Donohoe: I am advised by the Ireland Strategic Investment Fund (ISIF) that the following table sets out the ISIF’s commitments, in the area of residential and non-residential property, as at 31 December 2018. ISIF Investment Cherrywood Activate Capital Man Aalto Ardstone Residential Partners Fund Urbeo Residential Amount €52m €500m €25m €30m...

Written Answers — Department of Finance: VAT Rate Application (16 Jan 2019)

Paschal Donohoe: The standard rate of VAT applies to food supplements. However, a Revenue concession allowed the zero rate to be applied to certain types of vitamins, minerals and fish oils. Because of complications in interpretation, the Revenue Commissioners have decided to remove this concession with effect from 1 March 2019 so that all food supplements will be charged at the standard VAT rate. ...