Results 17,401-17,420 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (6 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 184 and 185 together. I am advised by Revenue that the figures requested are as follows: With regards to 44997/18, to achieve each of the standard cut off rates proposed, the Budget 2019 band must be increased by €4,700, €9,700 and €14,700 respectively. Single and Widowed or surviving Civil Partner without qualifying child - Current Band...

Written Answers — Department of Finance: Revenue Commissioners Reports (6 Nov 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that the deliberative process referred to in the reply to Parliamentary Question No. 203 of 23 October 2018 concerns the tax treatment of food supplements. Following a submission received from the Irish Health Trade Association (IHTA) on this subject, Revenue commenced a review of their guidance in this area which involved the engagement of an...

Written Answers — Department of Finance: Brexit Issues (6 Nov 2018)

Paschal Donohoe: The Department’s Budget forecasts incorporate, as a central scenario, that the UK will make an ‘orderly’ exit from the EU. This involves a transition period being agreed until end-2020, and a free trade agreement being agreed thereafter. The impact of this scenario is to lower the level of GDP by almost 2 percentage points over the 2021-2023 period relative to a no-Brexit...

Written Answers — Department of Finance: Banking Sector (6 Nov 2018)

Paschal Donohoe: As the Deputy will be aware, AIB’s financial statements are prepared in line with applicable international accounting standards and are independently audited. I would also note that I have no role in relation to the preparation or audit of the financial statements in any of the publicly quoted banks. I have however received the following response from AIB: " On transition to IFRS 9,...

Written Answers — Department of Finance: Tax Data (6 Nov 2018)

Paschal Donohoe: I am advised by Revenue that Benefit-In-Kind is declared on tax returns as a total figure rather than by individual benefit type. Therefore there is no basis available to separately compile the numbers of employees availing of childcare as a Benefit in Kind as requested by the Deputy.

Written Answers — Department of Finance: Insurance Industry Regulation (6 Nov 2018)

Paschal Donohoe: As the Deputy may be aware, in fulfilment of a recommendation from the Report on the Cost of Motor Insurance, a protocol was agreed between Insurance Ireland and the Department of Finance under which insurance companies committed to accepting the driving experience returning emigrants gained while abroad, when the driver has had previous driving experience in Ireland. The guiding principle...

Written Answers — Department of Finance: Tax Data (6 Nov 2018)

Paschal Donohoe: I am advised by Revenue that the number of taxpayers who received the full and partial value of the Home Carer Tax Credit is set out in the table below for the years 2014 to 2016 (the most recent year for which data are available). It should be noted that married couples and civil partners who are jointly assessed are counted as one taxpayer unit. Home Carer Tax Credit 2014 2015 2016...

Written Answers — Department of Finance: Insurance Industry (6 Nov 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Finance: Insurance Industry (6 Nov 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank can interfere in the pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on the risks they are willing to accept. However, it is acknowledged that pricing in the insurance...

Written Answers — Department of Finance: Departmental Contracts (6 Nov 2018)

Paschal Donohoe: In response to the Deputy’s question, OPW provides accommodation for Government Services and manages much of the State’s property portfolio. All office facility and renovation projects related to accommodation provided for staff working in the Department of Finance are managed by the Office of Public Works, which is under the aegis of the Department of Public Expenditure and...

Written Answers — Department of Finance: Revenue Commissioners (6 Nov 2018)

Paschal Donohoe: I am advised by Revenue that it receives an average of 2.5 million calls per year and the volumes are such that it would not be cost-effective to provide a freephone telephone service. However, Revenue does keep its telephony infrastructure under constant review to ensure that it delivers the most robust and cost-effective service possible for taxpayers. Up to recently, the 1890 LoCall...

Written Answers — Department of Finance: Tax Code (6 Nov 2018)

Paschal Donohoe: As announced in the Budget I have increased the rate of betting duty from 1 per cent to 2 per cent on the turnover of bookmakers and the rate of betting intermediary duty from 15 per cent to 25 per cent on the commission earned by betting intermediaries. These measures will take effect from 1 January 2019 and will help fund public services. The Government’s priority in recent...

Written Answers — Department of Finance: Banking Sector (6 Nov 2018)

Paschal Donohoe: Regulation (EC) No. 1606/2002 of the European Parliament (the Regulation) requires all listed European companies to prepare their consolidated financial accounts in accordance with EU adopted International Financial Reporting Standards (IFRS) - formerly known as International Accounting Standards (IAS) - for accounting periods commencing on or after 1 January 2005. IAS 39 (adopted for...

Written Answers — Department of Finance: Financial Services Regulation (6 Nov 2018)

Paschal Donohoe: The European Communities (Consumer Credit Agreements) Regulations 2010 provide a framework within which lenders in the European Union must operate. The evaluation of a credit application by a lender must include an assessment of the consumer’s creditworthiness on the basis of sufficient information. However, the extension of credit by lenders to potential customers remains a...

Written Answers — Department of Finance: Credit Union Lending (6 Nov 2018)

Paschal Donohoe: I welcome the publication of the Central Bank’s Consultation on Potential Changes to the Lending Framework for Credit Unions (CP125). Reviewing these Lending Regulations is an important matter for the Sector and one for which I have previously outlined my strong support. A comprehensive review of the Credit Union Lending Regulations was one of the recommendations from the Credit...

Written Answers — Department of Finance: Insurance Fraud (6 Nov 2018)

Paschal Donohoe: As the Deputy will be aware, the Cost of Insurance Working Group’s Reports on the Cost of Motor Insurance and the Cost of Employer and Public Liability Insurance both include measures to tackle fraudulent claims. The Working Group has reported on the progress of implementing its recommendations each quarter since Q1 2017 in respect of the Motor Report and Q1 2018 in respect of the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (6 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 201 to 203, inclusive, together. In order to make card acceptance more attractive for retailers, interchange rates were reduced in December 2015. An EU regulation reduced the interchange fee charged to retailers to 30 basis points for credit cards, and Ireland reduced the corresponding fee for domestic consumer debit cards to 10 basis points, giving us...

Written Answers — Department of Finance: National Payments Plan Implementation (6 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 204 and 205 together. The National Payments Plan, intended to modernise Ireland's payment system, was published in 2013 and covered the period up to 2015. It set out a vision for payments, including universal acceptance of electronic forms of payment, robust and reliable payment systems, and migration from cash and cheques to cards and electronic payments....

Written Answers — Department of Finance: Mortgage Applications Approvals (6 Nov 2018)

Paschal Donohoe: The Central Bank has advised that the risk weights (RWs) assigned to a given exposure depends on the particular approach utilised by the credit institution to calculate RWs for credit risk purposes. These are determined by EU regulation – specifically Regulation (EU) 575/2013, the Capital Requirements Regulation (CRR). This regulation permits credit institutions to use either the...

Written Answers — Department of Finance: Departmental Meetings (6 Nov 2018)

Paschal Donohoe: It was not possible for my Department to provide the information sought in the time available and, therefore, I will make arrangements to provide the information in line with Standing Orders.