Results 17,461-17,480 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Central Bank of Ireland Staff (19 Dec 2018)

Paschal Donohoe: I am informed by the Central Bank of Ireland that there are currently 61 open vacancies across the Central Bank, which are at varying stages of the recruitment process. A full breakdown of the number of vacancies in each functional area is detailed below. The current average time to hire for open roles is 10 weeks. Pillar Directorate Division Role Title(s) No of open roles...

Written Answers — Department of Finance: Central Bank of Ireland (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 125 and 126 together. I must remind the Deputy that the Central Bank cannot comment publicly on individual regulatory relationships or the applications for authorisation of specific firms. Information relating to the number of applications that have been processed by the Central Bank is published on its website, available here: . The Central Bank publishes...

Written Answers — Department of Finance: Revenue Commissioners Staff (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 127 and 130 together. Revenue’s Vote for 2018 provides for a fulltime equivalent (FTE) staffing complement of 6,114. Revenue currently has 6,129 FTE serving permanent staff. Therefore, there are no vacancies at this time. The average weekly serving FTE to date in 2018 is 6,084. Revenue has appointed over 600 staff from open and interdepartmental...

Written Answers — Department of Finance: Tax Appeals Commission (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 128 and 131 together. In response to the Deputy’s questions the following tables outline the number of open roles by functional area and position since the inception of the Tax Appeals Commission on 21 March, 2016: Appeal Commissioners Grade 2016 2017 2018 Total as at 17 Dec 2018 Appeal Commissioner 2 2 2 2 Temporary Appeal Commissioner* 1 (Started...

Written Answers — Department of Finance: Central Bank of Ireland Staff (19 Dec 2018)

Paschal Donohoe: The Central Bank of Ireland has provided me with the following data tables in response to the Deputy's question. 2016 Staffing Numbers PILLAR DIRECTORATE JAN ACTIVE FTE FEB ACTIVE FTE MAR ACTIVE FTE APRIL ACTIVE FTE MAY ACTIVE FTE JUN ACTIVE FTE CENTRAL BANKING ECONOMICS 99.3 98.1 99.1 100.1 102.1 100.1 CENTRAL BANKING FINANCIAL OPERATIONS 77.8 85.2 87.2 77.2 82.4 77.2 CENTRAL BANKING...

Written Answers — Department of Finance: NAMA Accounts (19 Dec 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020/2021 and that, over those two years, the Agency expects that a surplus currently projected to be €3.5bn will be available for return to the State. However it is important to note that this surplus has yet to fully crystallise. Its realisation depends on the success of NAMA's ongoing...

Written Answers — Department of Finance: Code of Practice on the Transfer of Mortgages (19 Dec 2018)

Paschal Donohoe: The Code of Practice on the Transfer of Mortgages was introduced in 1991. As the Deputy will be aware, it is a voluntary code. That said, the enactment of the Consumer Protection (Regulation of Credit Servicing Firms) 2015 means that the protections which a borrower had before a loan was sold were not lost on the sale. Credit servicing firms are now regulated entities and are required as a...

Written Answers — Department of Finance: Alcohol Pricing (19 Dec 2018)

Paschal Donohoe: I would point out that there is no Exchequer loss as a result of below-cost selling of alcohol. VAT is a tax on the value added to a supply, and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer. Under EU and domestic VAT rules, traders who are registered for VAT collect VAT on the goods and services that they sell. In turn...

Written Answers — Department of Finance: Tax Agreements (19 Dec 2018)

Paschal Donohoe: Following correspondence with the Deputy's office, I note that this PQ has been withdrawn.

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 136 and 137 together. I am advised by Revenue that the annual cost of the research and development tax credit for the most recent five years for which data are available (i.e. to 2016), and the number of companies that have availed of the scheme in each of these years, is as set out in the table below. Year Total Exchequer Cost (€m) Number of...

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to the revised entrepreneur relief which is provided for in Section 597AA of the Taxes Consolidation Act 1997 in respect of Capital Gains Tax (CGT) for individuals disposing of certain business assets. I am advised by Revenue that based on analysis of CGT returns filed for the tax year 2016, the latest year available, approximately 410...

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow us to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations. The measure provides income tax relief on a portion of income earned by employees, who are assigned by their employer to work in Ireland, and...

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: The Foreign Earnings Deduction (FED) is provided for in section 823A of the Taxes Consolidation Act 1997 (TCA). It provides relief from tax on up to €35,000 of salary for employees who travel out of State to certain countries on behalf of their employer. In order to qualify for FED, an employee must spend a minimum of 30 days abroad in a year and each trip must consist of at least...

Written Answers — Department of Finance: Tax Reliefs Data (19 Dec 2018)

Paschal Donohoe: The Key Employee Engagement Programme, KEEP, came into effect on 1 January 2018 to help SMEs to attract and retain employees in our highly competitive labour market. I am advised by Revenue that details of the costs and numbers availing of this programme will only be available once the relevant employer tax returns for 2018 have been received and processed. The first KEEP return is due on 31...

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies. The annual cost and number of companies that have availed of the scheme between 2012 and 2016, the latest year for which data are currently available, can be found in the table below. Year No. of qualifying companies Tax Cost 2012 78...

Written Answers — Department of Finance: Tax Reliefs Costs (19 Dec 2018)

Paschal Donohoe: Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new business set up by them. The most recent year for which statistics are available on this incentive is 2016. The cost and number of individuals who have availed of SURE for each year from 2012...

Written Answers — Department of Finance: Tax Appeals Commission (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 144 to 147, inclusive, together. The Tax Appeals Commission ("TAC") was established on 21st March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers sent their appeals directly to Revenue who then transferred cases to the Appeal Commissioners when they were ready for a hearing....

Written Answers — Department of Finance: Insurance Industry (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 149 and 150 together. In response to the Deputy’s questions, my officials sought the relevant information from the Central Bank. The Central Bank has indicated that as of end November 2018, there were 51,012 policyholders in Ireland that have been impacted by the developments with Qudos.Patrona Underwriting Ltd has issued a statement saying that...

Written Answers — Department of Finance: Insurance Industry (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 151 to 153, inclusive, together. In general terms I do not consider it appropriate for either me or my Department to engage with our counterparts in other Member States on regulatory/supervisory matters as in my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the...

Written Answers — Department of Finance: Insurance Industry (19 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 154 to 156, inclusive, together. In general terms I do not consider it appropriate for either me or my Department to engage with our counterparts in other Member States on regulatory/supervisory matters as in my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, and have no role in the...