Results 18,081-18,100 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Collection (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 99 and 100 together. As the questions relate to the collection of combined income tax, USC and PRSI liabilities, I propose taking them together. I am advised by Revenue that self-employed persons are generally taxed under the self-assessment system in Part 41A of the Taxes Consolidation Act 1997. Under Part 41A, a taxpayer is required to submit a tax...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Administration (7 Sep 2018)

Paschal Donohoe: In accordance with the relevant provisions of the Taxes Consolidation Act 1997, the Home Renovation Incentive is due to expire at the end of this year. As with all such time limited incentives, I will consider the future of this measure in the context of my preparations for the forthcoming Finance Bill.  As part of that work, my officials are carrying out the appropriate...

Written Answers — Department of Finance: Tax Appeals Commission (7 Sep 2018)

Paschal Donohoe: In response to the Deputy's question, I am informed by the Tax Appeals Commission (TAC) that it does not have an enforcement role to ensure that the Revenue Commissioners (Revenue) comply with determinations made by the Appeal Commissioners. Revenue are legally bound to comply with these decisions in accordance with section 949AM of the Taxes Consolidation Act (TCA), 1997. Pursuant to that...

Written Answers — Department of Finance: Tax Credits (7 Sep 2018)

Paschal Donohoe: I am advised by Revenue that statistical information in respect of research and development tax credit is published on the Revenue website at .. It is not possible to provide a breakdown of the cost of the credit by business items as the amounts claimed in respect of plant and machinery, scientific research, buildings and other expenditure are aggregated before being offset against tax in...

Written Answers — Department of Finance: Mortgage Interest Rates (7 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, there are a number of factors that influence mortgage interest rates in Ireland.  These include the high level of non-performing loans (NPLs), the low rate of repossessions, a reduced number of banks in the system and the high proportion of tracker rate mortgages on the bank books. In line with the continuing economic recovery, the level of mortgage...

Written Answers — Department of Finance: Enterprise Support Schemes (7 Sep 2018)

Paschal Donohoe: Start Up Refunds for Entrepreneurs (SURE) is an income tax incentive aimed at encouraging individuals to become entrepreneurs. Where an individual who was in full time employment sets up their own company, and takes up full time employment with that company, they are entitled to set the amount invested against their taxable income in the six years prior to their investment. In...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (7 Sep 2018)

Paschal Donohoe: Section 92 of the Finance Act 1989 and Statutory Instrument No 55/2018 set out the criteria under which charitable organisations can claim a repayment of VRT and VAT paid on specially constructed or adapted vehicles under the Drivers and Passengers with Disabilities Scheme. To qualify under the scheme, an organisation must be a charitable organisation within the meaning of the Charities Act...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 107 and 142 together. In the first instance, I should highlight for the Deputy that in my role as Minister for Finance, I cannot stop loan sales even by the banks in which the State has a shareholding. These decisions are the responsibility of the Board and management of the banks which must be run on an independent and commercial basis. The banks’...

Written Answers — Department of Finance: Tax Credits (7 Sep 2018)

Paschal Donohoe: The Programme for a Partnership Government contains a commitment to increase the Earned Income Credit to €1,650. The Budget 2018 increase of €200 was a significant further step in that direction.  The extent to which it may be possible to make further progress in this regard will depend on the overall resources available to me in the context of Budget 2019.  As the...

Written Answers — Department of Finance: Tax Code (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 109 and 110 together. Decisions on taxation matters including decisions (if any) in relation to farm transfer or income stabilisation measures are made in the context of the annual Budget process, and the Deputy will understand that I cannot give any indications of my plans for Budget 2019 at this time. As the Deputy may also be aware, the 2014 Agri-tax...

Written Answers — Department of Finance: Tax Code (7 Sep 2018)

Paschal Donohoe: I am advised by Revenue that all taxpayers who are chargeable persons under the self-assessment rules in Part 41A of the Taxes Consolidation Act (TCA) 1997 must file an annual tax return and pay any resultant tax to Revenue. PAYE taxpayers are not required to file a tax return except in the following circumstances: 1. Individuals who are subject to the high earner’s restriction...

Written Answers — Department of Finance: Brexit Issues (7 Sep 2018)

Paschal Donohoe: Inflation has been subdued over the last number of years. When calculated based on the Harmonised Index of Consumer Prices (HICP), inflation increased by just 0.3 per cent on an annual basis in 2017. This represents the fifth consecutive year in which inflation has been below 1 per cent.  The weakness in inflation in recent years reflects inter alia the impact of euro-sterling...

Written Answers — Department of Finance: Tax Exemptions (7 Sep 2018)

Paschal Donohoe: Any gain made by an individual on the disposal or his/her dwelling house together with land occupied as its gardens or grounds up to an area (exclusive of the site of the residence) of one acre is exempt from capital gains tax. For full relief to apply, the dwelling house must have been occupied by the individual as his/her principal private residence throughout his/her period of...

Written Answers — Department of Finance: Motor Insurance Costs (7 Sep 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...

Written Answers — Department of Finance: Banking Sector (7 Sep 2018)

Paschal Donohoe: On foot of the serious cultural failings in banks brought to light in the Tracker Mortgage Examination, I requested that the Central Bank undertake a review of the culture within the Irish retail banks, under Section 6A of Central Bank Act 1942, as amended. The "Behaviour and Culture Report of the Irish Retail Banks Report" was published by the Central Bank in July 2018.  ...

Written Answers — Department of Finance: NAMA Operations (7 Sep 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020. The Agency announced in October 2017 that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State and since April 2018 it has commenced the redemption of its €1.6bn in subordinated debt. However, notwithstanding the successful achievement of...

Written Answers — Department of Finance: State Debt (7 Sep 2018)

Paschal Donohoe: The nominal figures of €2 billion, €3 billion and €5 billion equate to 0.6 per cent of GDP, 1.0 per cent of GDP and 1.6 per cent of projected GDP for this year.  Accordingly, a reduction of €2 billion, €3 billion or €5 billion in nominal public indebtedness would reduce the gross general government debt to GDP ratio by approximately 0.6...

Written Answers — Department of Finance: Real Estate Investment Trusts (7 Sep 2018)

Paschal Donohoe: I am answering the question on the basis of my tenure as Minister for Finance only. I can confirm that neither I or my officials have met with Real Estate Investment Trust in question during this period.

Written Answers — Department of Finance: Real Estate Investment Trusts (7 Sep 2018)

Paschal Donohoe: I am answering the question on the basis of my tenure as Minister for Finance only. I can confirm that neither I or my officials have met with Real Estate Investment Trust in question during this period.

Written Answers — Department of Finance: Excise Duties (7 Sep 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.