Results 18,621-18,640 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Revenue Commissioners Reports (11 Jul 2018)

Paschal Donohoe: It is my understanding that the Deputy is referring to Revenue’s ‘Corporation Tax 2017 payments and 2016 returns’ report published in April 2018. I recognise that Corporation Tax in Ireland is concentrated, with a high proportion of receipts, approximately 80%, coming from the multinational sector. The share of net corporation tax receipts provided by the “Top...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (11 Jul 2018)

Paschal Donohoe: Indecon Economic Consultants are currently carrying out a review the Employment and Investment Incentive (EII). I expect that the report will be completed within the next month or so. The findings of the review, when concluded, will, amongst other factors, inform any decisions I may make on the future configuration of the incentive in the context of Budget 2019 and otherwise. The scope of...

Written Answers — Department of Finance: State Assets (11 Jul 2018)

Paschal Donohoe: I am advised by The National Treasury Management Agency (NTMA) that total Exchequer cash/liquid asset balances stood at €23.4 billion at end-June. They also advise that the benchmark Irish Government 4.5% Treasury Bond 2018matures in October and has a current outstanding balance of €8.8 billion.

Written Answers — Department of Finance: Economic Policy (11 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 153, 157, 159 and 162 together. Recent economic indicators have generally been positive, indicating that the recovery is continuing in a sustainable manner. Preliminary real GDP growth of 7.8 per cent was recorded for 2017, but this is heavily distorted by activity in the multinational sector. Modified domestic demand, which adjusts for distortions in...

Written Answers — Department of Finance: House Prices (11 Jul 2018)

Paschal Donohoe: My Department continues to monitor developments in the property market, including trends in property prices, on an ongoing basis. According to the Central Statistics Office's Residential Property Price Index, national property prices increased by 0.7 per cent between March and April, and by 13 per cent on an annual basis. At the regional level, residential property prices in the 12 months to...

Written Answers — Department of Finance: Bank Charges (11 Jul 2018)

Paschal Donohoe: All credit institutions in Ireland are independent commercial entities. I, as Minister for Finance, have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995, as amended, requires that credit institutions, prescribed credit institutions and bureaux de change must make a submission to the Central Bank if they wish to...

Written Answers — Department of Finance: Credit Availability (11 Jul 2018)

Paschal Donohoe: Supporting the availability of finance for SMEs, including smaller enterprises, is a cornerstone element of Government policy in our efforts to strengthen the economy and create jobs. Government is focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources. To facilitate this the Government has developed a number...

Written Answers — Department of Finance: Housing Issues (11 Jul 2018)

Paschal Donohoe: My Department continues to monitor developments in the property market, including trends in property prices, on an ongoing basis. According to the Central Statistics Office's Residential Property Price Index, national property prices increased by 0.7 per cent between March and April, and by 13 per cent on an annual basis. The underlying factors driving house prices now are fundamentally...

Written Answers — Department of Finance: Budget 2019 (11 Jul 2018)

Paschal Donohoe: Expenditure on public services and capital investment must be financed from a sustainable source. As Exchequer revenue is impacted by the cycle of the economy, basing expenditure commitments on the current historical high level of revenue would only serve to introduce uncertainty to the future provision of public services. Therefore, it is not an issue of how to combine prudent fiscal...

Written Answers — Department of Finance: Budget Targets (11 Jul 2018)

Paschal Donohoe: The end-June Exchequer returns showed that the cumulative target for tax revenue in the first half of the year has been achieved (over by 0.7% or €168 million). In year-on-year the terms tax revenue performance has been solid, with receipts up 5.4% or €1,276 million. This provides a level of confidence that the end 2018 tax revenue target of €54,175 million will be...

Written Answers — Department of Finance: National Development Plan (11 Jul 2018)

Paschal Donohoe: As the Deputy is aware, under the expenditure benchmark capital increases are smoothed over a four-year period. As such, in order to assess the impact of capital smoothing on the proposal submitted by the Deputy, actual capital expenditure in 2016 and 2017 and the planned expenditure for 2018 must be included in the calculations, as these impact on 2019, 2020 and 2021. The following table...

Written Answers — Department of Finance: Tax Collection (11 Jul 2018)

Paschal Donohoe: I am advised by Revenue that despite the fact that on three separate occasions a phased payment application form was provided to the person concerned, the completed form and supporting documentation required has not been provided to Revenue. Given the fact that the person concerned has been afforded numerous opportunities to put forward a payment proposal and has failed to do so, I am...

Written Answers — Department of Finance: Tax Collection (11 Jul 2018)

Paschal Donohoe: I am advised by Revenue that having regard to the circumstances of the person concerned, a temporary 6 month stay on collection was agreed in January 2018. If the person concerned wishes to now seek a deferred payment arrangement it will be necessary to complete an application for such an arrangement and provide the required supporting documentation. The person concerned should make...

Written Answers — Department of Finance: Banking Operations (11 Jul 2018)

Paschal Donohoe: As the Deputy will be aware, securitisation allows banks transfer the risk of some loans to other banks or long-term investors such as insurance companies and asset managers. This allows banks to use the capital that was set aside to cover the risk in those loans to create and sell new loans. The reputation of securitisation was tarnished during the global financial crisis due to the...

Written Answers — Department of Finance: Ministerial Advisers Data (11 Jul 2018)

Paschal Donohoe: I wish to inform the Deputy that my Special Adviser Ms Deborah Sweeney acts as my Press Adviser. Ms Sweeney's salary is the 4th point of the Principal Officer (Standard) PPC scale. Ms Sweeney's appointment was made in line with "Instructions to Personnel Officers - Ministerial Appointments for the 32nd Dáil" which include "Guidelines on staffing of Ministerial Offices" issued by the...

Written Answers — Department of Finance: Departmental Expenditure (11 Jul 2018)

Paschal Donohoe: A sum of €25 million is currently profiled as Capital for 2019 for the Finance Vote Group. Allocations are made under two Votes; €23 million to the Office of the Revenue Commissioners and €2 million to the Department of Finance. My Department's Capital Allocation provides for the routine acquisition of IT equipment and systems and certain premises expenses relating to...

Written Answers — Department of Finance: Film Industry Tax Reliefs (11 Jul 2018)

Paschal Donohoe: Deputies may be aware that the film tax credit was re-structured with effect from 1 January 2015, following a review of the relief published by my Department in 2012. Prior to 2015, film relief took the form of an investor tax relief which provided an incentive to individual and corporate taxpayers to invest in Irish film production. The restructured relief, available from 2015 on, takes...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jul 2018)

Paschal Donohoe: The information sought by the Deputy on the relief for small breweries is outlined on the following table: Relief for Small Breweries: 2005 to 2017 Year Total Repaid/remitted (€) Total No. of Claimants 2005 186,704 5 2006 294,357 7 2007 242,302 8 2008 351,500 9 2009 286,848 10 2010 251,997 10 2011 420,304 17 2012 840,651 20 2013 1,112,897 20 ...

Written Answers — Department of Finance: Tobacco Smuggling (11 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 171 and 172 together. I am advised by Revenue that combatting the illegal tobacco trade has been, and continues to be, a priority for them. Their actions against this form of criminal activity include a range of measures to identify and target those involved in the smuggling, supply or sale of illicit products, with a view to disrupting the supply...

Written Answers — Department of Finance: Brexit Issues (11 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 173 to 175, inclusive, together. Co-ordination of the whole-of-Government response to Brexit is being progressed through the cross-Departmental coordination structures chaired by the Department of Foreign Affairs and Trade. This includes ‘no deal’ contingency planning. Such planning provides base line scenarios for the impact of Brexit across...