Results 18,661-18,680 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (26 Jun 2018)

Paschal Donohoe: Details of the Gross Voted Capital Expenditure allocated and spent in 2016 and 2017, in tablular form as sought by the Deputy, are as follows:  € million 2016 2017 Revised Estimates Volume Allocation 3,967 4,540 Outturn 4,213 4,536**Note: the 2017 outturn figure is provisional as appropriation account figures are not yet available. The primary reason for the...

Written Answers — Department of Public Expenditure and Reform: Foireann Roinne (26 Jun 2018)

Paschal Donohoe: Ag glacadh le cineál na bhfeidhmeanna agus na hoibre, níl leibhéal ard de theagmháil dhíreach ag mo Roinn le, agus ní sholáthríonn sí scéimeanna na seirbhísí go díreach do, daoine ón bpobal i gcoitinne. Soláthraíonn an Roinn seirbhísí go príomha trí Bhéarla, agus cuirtear...

Written Answers — Department of Public Expenditure and Reform: Built Heritage Investment Scheme (26 Jun 2018)

Paschal Donohoe: Following the announcement in April this year that a capital funding stream will be available to the Department of Culture Heritage and the Gaeltacht for National Monuments, the review of spending priorities within the National Monuments estate has begun with a view to determining which Monuments need to be addressed by the OPW and the extent to which funding support can be made available by...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (26 Jun 2018)

Paschal Donohoe: In reply to the Deputy’s question, I wish to inform him that no personnel in my Department have been removed from their position, transferred to another role or had their employment terminated in the past four years on the grounds listed. In its commitment to providing efficient and well managed services, my Department and the wider Civil Service require personnel to adhere to the...

Written Answers — Department of Finance: Pensions Reform (21 Jun 2018)

Paschal Donohoe: Under the Government’s Roadmap for Pensions Reform 2018-2023, a number of specific actions have been allocated to the Interdepartmental Pensions Reform and Taxation Group (IDPRTG). The IDPRTG is chaired by the Department of Finance and includes representatives from the Department as well as from the Department of Public Expenditure & Reform, the Department of Employment Affairs...

Written Answers — Department of Finance: Tax Reliefs Application (21 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 64 and 65 together. The relief from Vehicle Registration Tax (VRT) applying to electric vehicles has been included in fiscal space calculations which are currently set out to 2021. The relief is due to expire at end 2021. The VRT reliefs applying to both conventional hybrid vehicles and plugin hybrid vehicles are due to expire at the end of 2018 and have been...

Written Answers — Department of Finance: Fiscal Policy (21 Jun 2018)

Paschal Donohoe: The introduction of the 0% rate of benefit-in-kind on electric vehicles is a measure designed to incentivise the uptake of an emerging technology. This measure is estimated to cost €500,000 in terms of tax foregone in 2018 and has been included in the calculations of fiscal space for 2018. I have previously announced my intention to extend this relief in the upcoming...

Written Answers — Department of Finance: Ministerial Staff Data (21 Jun 2018)

Paschal Donohoe: I wish to inform the Deputy that there are currently four Special Advisers employed in the Department of Finance/Department of Public Expenditure & Reform. Two of these advisers are on the Department of Finance payroll. Three Special Advisers report to me and one Special Adviser reports to Minister of State Michael D'Arcy. The names and salaries of all advisors appointed by...

Written Answers — Department of Finance: Tax Data (21 Jun 2018)

Paschal Donohoe: The most recent update of my Department's estimate for corporation tax receipts, over the coming years, is provided in the Stability Programme Update 2018. My Department has provided an estimate for corporation tax receipts until 2021, which are as follows. Year 2018 (€m) 2019 (€m) 2020 (€m) 2021 (€m) Corporation Tax 8,505 8,985 9,445 9,890 The...

Written Answers — Department of Finance: Insurance Costs (21 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 69 and 70 together. At the outset the Deputy should note that my Department does not collect or hold data on insurance premiums. However, increasing the availability of data in relation to Employer and Public Liability Insurance is a matter which was discussed by the Cost of Insurance Working Group and its Report on the Cost of Employer and Public Liability...

Written Answers — Department of Finance: Insurance Industry Regulation (21 Jun 2018)

Paschal Donohoe: I understand from the Central Bank of Ireland that in 2016, premium volumes written by life and non-life firms between Ireland and the UK were €9.7 billion (87 Irish authorised firms) and €2.5 billion (161 UK and Gibraltar authorised firms), respectively. As the Deputy will understand, any negative impacts on the macro-economy of either or both the UK and Ireland is...

Written Answers — Department of Finance: State Bodies Data (21 Jun 2018)

Paschal Donohoe: There are seventeen non-commercial bodies under the aegis of my Department, seven of which are not State Boards or State Agencies and as such, are not relevant to the Deputy’s question. These are the Office of the Comptroller and Auditor General, Office of the Revenue Commissioners, Tax Appeals Commission, Credit Review Office, the Credit Union Advisory Committee, the Irish Bank...

Written Answers — Department of Finance: Tracker Mortgage Examination (21 Jun 2018)

Paschal Donohoe: The Central Bank is independent in the performance of its duties in the supervision of regulated financial service providers and it is working to ensure that the tracker mortgage examination is completed as soon as possible. The Bank provided a comprehensive update on the Tracker Mortgage Examination in April 2018, which is available at: . The April update report indicated that: - the...

Written Answers — Department of Finance: Motor Insurance Costs (21 Jun 2018)

Paschal Donohoe: The Deputy will be aware that the Cost of Insurance Working Group’s Report on the Cost of Motor Insurance was published in January 2017.  The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are set out in an Action Plan in the Report. Work has been ongoing on the implementation of the recommendations by the relevant...

Written Answers — Department of Finance: Mortgage Arrears Information and Advice Service (21 Jun 2018)

Paschal Donohoe: The Code of Conduct on Mortgage Arrears (CCMA) forms part of the Central Bank’s Consumer Protection Framework.  It provides a strong consumer protection framework, requiring relevant firms to ensure that borrowers in arrears or pre-arrears in respect of a mortgage loan secured on a primary residence are treated in a timely, transparent and fair manner and that due regard...

Written Answers — Department of Finance: Fiscal Policy (21 Jun 2018)

Paschal Donohoe: The settlement results in a payment of €31 million in relation to 2018 and an annual ongoing cost of €62 million from 1 January 2019. Therefore the impact on fiscal space in 2019 is the increase of €31 million (€62 million minus €31 million) in 2019 over 2018. There is no effect thereafter as it will be in the expenditure base. As I outlined in the...

Written Answers — Department of Finance: House Purchase Schemes (21 Jun 2018)

Paschal Donohoe: As the Deputy may be aware, in 2017 my Department commissioned an independent impact assessment of the Help To Buy incentive (HTB). Following a competitive tender process, Indecon Economic Consultants were awarded the contract to undertake the assessment and the resulting report was published by my Department on the day of Budget 2018. The report analysed...

Written Answers — Department of Finance: Special Savings Incentive Scheme (21 Jun 2018)

Paschal Donohoe: I am advised by Revenue that the total value of subscriptions made to Special Savings Incentive Accounts (SSIAs) from commencement of the scheme in May 2001 until the ending of the incentive in April 2007 was €11,384m and the total tax credit was €2,473m. I am further advised by Revenue that 1,170,208 SSIAs were commenced by individuals in the period from its introduction up to...

Written Answers — Department of Finance: Tax Code (21 Jun 2018)

Paschal Donohoe: I have assumed that the Deputy’s question relates to the potential change in Exchequer tax revenues, rather than the administrative cost of implementing a flat rate of taxation on dividend income at the rates proposed. Income from dividends is chargeable to tax at a range of rates dependent on the recipient of the income (for example, whether the dividends...

Written Answers — Department of Finance: Property Tax (21 Jun 2018)

Paschal Donohoe: I am advised by Revenue that the estimated cost of allowing Local Property Tax (LPT) as an allowable expense against rental income for tax purposes is in the region of €12 million in the first year and €20 million in a full year.  This estimate is calculated on the basis of Local Property Tax returns that indicated the property was a non-principal private residence, and...