Results 17,681-17,700 of 33,987 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: If it does come in below €1.4 billion, my judgment at this point is that it would do so by a small amount. The reason for that is we are referring to many costs that have now been tendered. As to whether I believe it will go above the larger figures that have been quoted at the Committee of Public Accounts and elsewhere, at this point I do not, but clearly as we look at how this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: I will not agree to anything that will undermine our decision-making ability on taxation policy. There are two issues. The first is that I do not believe it would get to the point in which we would have conversations about a veto on this issue. The reason for that is I know many other countries share our concerns. The protections that we have, such as through the Lisbon treaty, or all of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: The particular section to which the Deputy is referring, namely, the allocation of taxing rights, would have a significant effect on the tax base in the future. However, many other countries within the OECD have a similar concern and many other companies involved in this process also have concerns regarding their global business models and how they would be able to internationalise their...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: It is, but this is a document it is putting forward to now use as a basis for discussion between different countries. While there are some elements in there that we will have to work on, other elements could offer a way in which we can move forward on the issue in a globally co-ordinated way that would be better for Ireland. My team and I need to do a lot of work and engagement on the issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: Does the Deputy mean the UK and Gibraltar?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: What it means is that in the absence of any change here, if one has bought an insurance product from a company that is based in either of those jurisdictions and if a disorderly Brexit were to take place without any change, it would lose the ability to sell those products in Ireland. However, in the Brexit omnibus Bill that we are bringing forward, we have a section allowing a three-year...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: It might be but, as the Chairman may be aware, it is not up to me to direct or ask the Comptroller and Auditor General to do work like that. It is up to the Comptroller and Auditor General himself and his office to determine what they want to review and where they want to make inquires.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: Yes, they are.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: I believe that they did but I am aware that the Minister for Health has indicated the level of that fee. I will not hazard a figure for that, but the board members received a fee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: I said that I am reviewing the matter myself. As I said in reply to Senator O'Donnell, I hope to see if there are any developments in the next few days.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: I said earlier that at a point this will be resolved. I want to make clear that we will do all we can to try to have this issue resolved and we will play our part in either the Labour Court or the WRC.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

Paschal Donohoe: Sure.

National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Referral to Select Committee (31 Jan 2019)

Paschal Donohoe: I move:That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 84A(3)(a) and 149 (1).

Written Answers — Department of Finance: VAT Rate Application (31 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 58, 64 to 66, inclusive, and 68 together. The standard rate of VAT applies to food supplements. However, a Revenue Commissioners concession allowed the zero rate to be applied to certain types of vitamins, minerals and fish oils. Revenue has since decided to remove this concession with effect from 1 March 2019 so that all food supplements will be charged...

Written Answers — Department of Finance: Insurance Costs (31 Jan 2019)

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: Tax Code (31 Jan 2019)

Paschal Donohoe: I can advise the Deputy that there is already a capital allowance scheme available to lessors of residential accommodation. The scheme, the Living City Initiative, was extended by Finance Act 2016 to allow capital allowances to be claimed by lessors of residential property on conversion or refurbishment expenditure incurred on property situated in a special regeneration area. The areas coming...

Written Answers — Department of Finance: Tax Code (31 Jan 2019)

Paschal Donohoe: The increase in the betting duty rate from 1 per cent to 2 per cent, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January 2019. It is too early to draw any conclusions on the impact of these increases. Receipts from betting duty represented less than 1 per cent of all excise receipts in 2017 and this is also likely to be the case in for 2018. In addition,...

Written Answers — Department of Finance: Insurance Data (31 Jan 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither my Department nor the Central Bank of Ireland collect the type of information being sought by the Deputy on a routine basis. However, the Deputy will note that in line with Recommendation 12 of the Cost of Insurance Working...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (31 Jan 2019)

Paschal Donohoe: I am informed by the Central Bank that it conducted a review of over-the-counter services in 2016, including over-the-counter sales of a wide range of commemorative coins. The review, which included an analysis of customer demand and volume of coins sold, identified very low usage of the service by members of the public. The Central Bank introduced an online sales platform for collector...

Written Answers — Department of Finance: Tax Code (31 Jan 2019)

Paschal Donohoe: I am advised by Revenue that they do not intend to further review the flat rate expense categories already identified as not meeting the statutory requirement for tax deduction, as set out in Section 114 of the Taxes Consolidation Act 1997. The Deputy will be aware from my previous replies on this matter that Revenue confirmed an implementation date of 1 January 2020 in respect of any...