Results 17,701-17,720 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Foreign Affairs and Trade: Revenue Documents Issuance (29 Nov 2018)

Paschal Donohoe: Section 21 of Finance Bill 2018 includes a range of amendments to Part 23 of the Taxes Consolidation Act 1997 (Farming and Market Gardening). The principal changes were the removal of restrictions relating to criteria enabling individuals to qualify for farm averaging and amendments to the stock relief provisions to ensure conformity with the EU Agricultural Block Exemption Regulation. ...

Written Answers — Department of Foreign Affairs and Trade: Tax Data (29 Nov 2018)

Paschal Donohoe: Following further clarification in correspondence with the Deputy’s office, it is my understanding that the Deputy is seeking information in respect of capital allowances for intangible assets. I am advised by Revenue that the available information on companies claiming the highest amounts of capital allowances in respect of intangible assets in 2015 and 2016 is contained in the table...

Written Answers — Department of Foreign Affairs and Trade: General Government Debt (29 Nov 2018)

Paschal Donohoe: When discussing debt it is important to note the distinction between national debt and general government debt. National debt is a presentation of the indebtedness of the Exchequer, net of cash and other financial assets, and excludes certain liabilities that are recognised in general government debt. While the national debt is the principal component of general government debt, the latter...

Written Answers — Department of Foreign Affairs and Trade: Departmental Operations (29 Nov 2018)

Paschal Donohoe: My Department is the lead Department for ten key actions in the November 2017 report to enhance the State’s corporate, economic and regulatory framework. The majority of actions have already been implemented and the others are in progress for implementation. Markets in Financial Instruments Directive (MiFID II): The Markets in Financial Instruments Directive 2 (“MiFID...

Written Answers — Department of Public Expenditure and Reform: Legislative Measures (29 Nov 2018)

Paschal Donohoe: The Public Service Superannuation (Age of Retirement) Bill 2018, which was published on 9 July, passed all stages in the Seanad on 17 July. It passed Second Stage in the Dail on 7 November and is provisionally scheduled for Committee Stage in the Dail on 11 December. While ultimately, the scheduling of the Bill in the Dail is a matter for the Oireachtas, my intention is to secure enactment...

Written Answers — Department of Public Expenditure and Reform: Road Projects (29 Nov 2018)

Paschal Donohoe: I am advised by the Office of Public Works (OPW) engineering staff that any damage to the road referred to by the Deputy did not arise from OPW's activities. While this Office did undertake works in the area earlier this year, it did not involve the transport of heavy machinery along the road in question. Accordingly, any remediation works to this road, if it a public road, would in the...

Written Answers — Department of Finance: VAT Rate Application (28 Nov 2018)

Paschal Donohoe: Currently, the standard rate of VAT applies to food supplements. However, there is a Revenue concession which allows the zero rate to be applied to certain types of food supplements (vitamins, minerals and fish oils). The practice of zero rating vitamins, minerals and fish oil food supplements has been applied since the introduction of VAT in November 1972 when the marketplace for food...

Written Answers — Department of Finance: Competition and Consumer Protection Commission Reports (28 Nov 2018)

Paschal Donohoe: Following the publication of the Competition and Consumer Protection Commission (CCPC) report on Personal Contract Plans (PCPs) and the Central Bank of Ireland "Economic Letter" overview of the Irish PCP market last March, I commissioned Mr. Michael Tutty , a former Second Secretary General in the Department of Finance and Chairman of the Commission for Energy Regulation to conduct a review...

Written Answers — Department of Finance: Banking Sector (28 Nov 2018)

Paschal Donohoe: As I have stated previously and to clarify for the Deputy, the Irish Banking Culture Board is a private initiative from the banking industry in Ireland aimed at rebuilding trust and confidence in the industry following the tracker mortgage scandal, and as such it is not within the remit of my Department nor the Central Bank as regulator. It is intended that the Irish Banking Culture...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (28 Nov 2018)

Paschal Donohoe: I propose to take Questions Nos. 122 to 124, inclusive, together. As EII is a tax relief designed to assist companies raise risk equity financing, I assume that when referring to participants, the Deputy is referring to companies who raised funds under the EII scheme. I am advised by Revenue that details of the companies who are approved under EII and SURE are published on the Revenue...

Written Answers — Department of Finance: Tax Code (28 Nov 2018)

Paschal Donohoe: I am advised by Revenue that the information required in order to estimate the costs of the additional outsourcing limits and adaptations to the research and development tax credit mentioned in the Deputy’s Question is not available from tax returns. For this reason, it is not possible for Revenue to provide the requested estimates. Statistical information in respect of research and...

Written Answers — Department of Finance: Foreign Earnings Deduction (28 Nov 2018)

Paschal Donohoe: The Foreign Earnings Deduction applies to taxpayers who work abroad during a tax year and one of the conditions of receiving the deduction is that the taxpayer must work in a relevant state, of which there are 30 eligible states. All of these 30 relevant states are non EEA states. In 2016, the most recent year for which data are available, the incentive cost €3.5 million and...

Written Answers — Department of Finance: Knowledge Development Box (28 Nov 2018)

Paschal Donohoe: The Knowledge Development Box (“KDB”) was introduced by Finance Act 2015. In general, it provides for relief from tax on the profits earned from the exploitation of patents and copyrighted software, provided they were developed through R&D carried out in Ireland. It also provides for relief for profits earned from the exploitation of other intellectual property of small...

Written Answers — Department of Finance: Tax Reliefs Costs (28 Nov 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in Section 597AA of the Taxes Consolidation Act 1997. The current lifetime limit applicable to this relief is €1 million in chargeable gains at a CGT rate of 10 per cent. I am advised by the Revenue Commissioners that information in respect of potential future disposals by entrepreneurs is not...

Written Answers — Department of Finance: Tax Credits (28 Nov 2018)

Paschal Donohoe: The estimated costings sought by the Deputy are set out in the table: Earned Income Tax Credit First Year Cost €m Full Year Cost €m €1,450 13.6 24 €1,550 26.7 48 €1,650 40 72 I am advised by Revenue that the estimated cost of increasing the Earned Income Tax Credit can be found on page 6 of the Revenue Ready Reckoner which is available on the Revenue...

Written Answers — Department of Finance: Duty Free Sales (28 Nov 2018)

Paschal Donohoe: The Department of Finance has been assessing and preparing for the impact of Brexit since well before the referendum on 23 June 2016. The primary policy areas for the Department relate to the economic and financial sector implications stemming from Brexit. This work is being undertaken within the whole-of-Government framework coordinated by the Department of Foreign Affairs and is vital...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (28 Nov 2018)

Paschal Donohoe: As Minister for Finance, I am unable to intervene in the commercial decision-making of any financial institution. I have also been advised by the Central Bank of Ireland that they cannot comment on any individual firm. However, within the remit of the Central Bank’s responsibilities for safeguarding stability and protecting consumers, its approach to mortgage arrears resolution is...

Written Answers — Department of Public Expenditure and Reform: Public Sector Allowances (28 Nov 2018)

Paschal Donohoe: The Civil Service Injury Warrants are a series of statutory instruments made under the Superannuation Acts. They provide additional benefits over and above normal pension entitlements, to or in respect of officers who, through no fault of their own, are killed or injured in the performance of their duties. The injury must be attributable to the nature of their duties. An annual...

Written Answers — Department of Public Expenditure and Reform: Garda Stations (28 Nov 2018)

Paschal Donohoe: It is expected that the Part 9 Planning Application phase for this project will be concluded shortly. At this point in time it is not possible to give a definitive completion date for the construction of the new Station until the Planning process, the required Public Procurement process and Contract Award are completed.

Written Answers — Department of Public Expenditure and Reform: Garda Station Closures (28 Nov 2018)

Paschal Donohoe: The 2012 and 2013 policing plans for An Garda Síochána identified 139 Garda stations for closure including the former Garda Station referred to by the Deputy. Many of these properties reverted to the Office of Public Works (OPW) to identify an alternative State use or manage their disposal. In 2016, An Garda Síochána/Policing Authority undertook a review of the...