Results 17,861-17,880 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (2 Oct 2018)

Paschal Donohoe: The customer due diligence requirements are set out in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended by the Criminal Justice (Money Laundering and Terrorist Financing Act 2013). Section 33 of the 2010 Act requires designated persons (such as banks) to take steps to identify and verify a customer’s identity prior to establishing a business...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: I propose to take Questions Nos. 171, 179 and 183 together. I assume that the Deputy is referring to exit tax as applied to Life Assurance products. In general, consideration of any changes to the tax system are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (2 Oct 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland commenced its activities in March 2015. SBCI has forwarded updated figures to my Department that show, to the end of March 2018, it has supported loans to Irish SMEs totalling €972m to 24,002 Irish SMEs supporting 129,300 jobs through both its on-lending and risk-sharing activities. Below is a breakdown, by SME size, of lending using SBCI...

Written Answers — Department of Finance: VAT Rate Increases (2 Oct 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. I am further advised that there has been no change in the position in relation to the VAT treatment of cookery schools. In accordance with the VAT Directive, the provision of children’s or young people’s...

Written Answers — Department of Finance: Project Ireland 2040 Expenditure (2 Oct 2018)

Paschal Donohoe: My department did not hold any seminars in relation to Project Ireland 2040 and therefore did not incur any costs as a result.

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Exchequer Returns (2 Oct 2018)

Paschal Donohoe: I assume the figure the Deputy refers to is that which was published in the Irish Fiscal Advisory Council pre-Budget statement earlier this month. This is based on preliminary Department of Finance figures from Budget 2018. As the Deputy is aware from my recent response to Parliamentary Question No. 148 of September 25th, the expected yield on non-indexation for 2019 is being updated as part...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (2 Oct 2018)

Paschal Donohoe: In relation to my Department the following expenditure has been made on the headings identified by the Deputy from 1 January 2018 to date: Month Company Description Amount January Fiona Kearns Graphic Design Graphic Design for IFS2020 Action Plan for 2018 €1,240 January Fluid Branding Promotional material for public awareness building of SME online tool €3,860.90 January...

Written Answers — Department of Finance: Fuel Rebate Scheme (2 Oct 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Film Industry Tax Reliefs (2 Oct 2018)

Paschal Donohoe: I am advised by Revenue that they cannot comment on individual cases. However, they have provided the following general information in relation to the administration and review of claims for the film tax credit under Section 481, Taxes Consolidation Act 1997. Under Section 481, in general terms a company which produces a film can claim a payable tax credit of 32% of the lower of: ...

Written Answers — Department of Finance: VAT Rate Application (2 Oct 2018)

Paschal Donohoe: Section 86A of the VAT Consolidation Act 2010 was introduced in Finance Act 2016 to provide a mechanism for addressing situations where the business models in any agricultural sector allow for higher levels of flat-rate addition payments to be paid compared with the VAT borne on input costs. I am advised by the Revenue Commissioners that, following the introduction of Section 86A of the VAT...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: I am advised by Revenue that they have published guidance on the withholding tax obligations that arise in peer to peer lending. That guidance is published in Tax and Duty Manual 08-03-05 and is available on the Revenue website via the following link: The purpose of the withholding tax is to facilitate tax compliance by providing a mechanism through which tax arising on the interest earned...

Written Answers — Department of Finance: Commencement of Legislation (2 Oct 2018)

Paschal Donohoe: I am informed by Revenue that this section was enacted to provide a legal basis for the development of IT systems in the excise sector for the electronic transmission of returns required under excise law. This section will be commenced on the completion of a number of developments that are underway. As part of this approach, a new IT system was implemented in 2017 that enables traders...

Written Answers — Department of Finance: Ministerial Meetings (2 Oct 2018)

Paschal Donohoe: I assume that the Deputy's question is in relation to the forthcoming Annual Meeting of the World Bank Group scheduled to take place from 12th to 14th October 2018 which, in my capacity as Ireland's Governor to the World Bank, I have been invited to attend. Due to commitments in respect of Budget 2019 I shall not be in a position to attend this event and accordingly have no plans to...

Written Answers — Department of Finance: Tax Code (2 Oct 2018)

Paschal Donohoe: Decisions on the taxation matters referred to by the Deputy are made in the context of the annual Budget and Finance Bill process and the Deputy will understand that, with a week to go before Budget day, I cannot give any indications of my plans. In relation to the Earned Income Credit, the Programme for a Partnership Government contains a commitment to increase the Earned Income Credit...

Written Answers — Department of Finance: Departmental Expenditure (2 Oct 2018)

Paschal Donohoe: My Department did not have a stand at this year's National Ploughing Championship 2018 and did not deploy any staff to the event. As a result my Department did not incur any related costs.

Written Answers — Department of Finance: Departmental Expenditure (2 Oct 2018)

Paschal Donohoe: My Department has no central subhead or budget for communications, press and public relations, as business units across the Department incorporate their limited requirements in this regard into the delivery of their programmes. The 2018 expenditure (to date) for these services are outlined in the table below. Service Provider Purpose Expenditure Public Appointments Service Social...

Written Answers — Department of Finance: Labour Employer Economic Forum (2 Oct 2018)

Paschal Donohoe: The Labour Employer Economic Forum (LEEF) was established in 2016 to bring together representatives of employers and trade unions with Government Ministers to exchange views on economic and employment issues as they affect the Labour Market and which are of mutual concern. I chaired the sixth meeting of the LEEF, which took place on 27th August last. This meeting centred around initial...

Written Answers — Department of Finance: Action Plan for Rural Development Implementation (2 Oct 2018)

Paschal Donohoe: Public procurement is key priority for Government and has undergone significant reform aimed at ensuring sustainable delivery of much needed public services while also encouraging and supporting SME participation in these business opportunities. This approach is beneficial for the State because it nurtures competition which ensures value for money is maintained and provides SMEs with a...

Written Answers — Department of Finance: Project Ireland 2040 Expenditure (2 Oct 2018)

Paschal Donohoe: It was announced in the mid-term review of the 2015 Capital Plan that a Consultative Forum would take place with key stakeholders, to provide an opportunity to discuss and comment on the analysis of the review of the Capital Plan and to discuss a range of topics related to the National Development Plan. The Forum was an important input into the preparation of the NDP. The Forum was held in...