Results 18,701-18,720 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 84 and 86 together. As regards Question No. 84, it is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in Section 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains at a CGT rate of 10 per cent. The cost of...

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to introducing a 30% tax rate on dividend income from Irish resident companies to replace all Income Tax, USC and PRSI currently collected. I am advised by Revenue that based on tax returns for 2016 and the yield from Dividend Withholding Tax for the same year, a tentative estimate of the tax gain from a final liability flat tax rate of 30% on...

Written Answers — Department of Finance: Tax Code (5 Jul 2018)

Paschal Donohoe: It is assumed the Deputy is proposing to increase the tax credit rate of 25% for research and development expenditure to 30% for SMEs. With regards to the potential for a change in to the rate provided to SMEs, potential State Aid implications would need to be considered when making any change which would provide a varied rate to any targeted cohort of taxpayers. However I would note that the...

Written Answers — Department of Finance: Tax Exemptions (5 Jul 2018)

Paschal Donohoe: Since 2011, professional membership fees are only deductible under section 114 of the Taxes Consolidation Act 1997 where they are incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. In the context of professional fees, this generally means where: - the duties of his or her employment necessitate that the employee is a...

Written Answers — Department of Finance: Tax Reliefs Data (5 Jul 2018)

Paschal Donohoe: Budget 2018 included the retention for principal private residences for a further three years on a tapered basis through the continuation of 75 per cent of the existing relief in 2018, 50 per cent in 2019 and 25 per cent in 2020. The tapering of mortgage interest relief results in a revenue yield to the Exchequer that represents a positive discretionary revenue measure valuing...

Written Answers — Department of Finance: Tracker Mortgage Examination (5 Jul 2018)

Paschal Donohoe: The Central Bank has advised that as per their Tracker Mortgage Examination Progress Report issued in April 2018, many redress and compensation schemes are nearing completion. The independent advice and appeals framework provided for under the Examination will therefore become increasingly relevant for affected customers, as they consider the offers made to them. The framework was...

Written Answers — Department of Finance: Departmental Staff Training (5 Jul 2018)

Paschal Donohoe: The Department of Finance is aware of its additional responsibilities as a controller and processor of personal data under GDPR. The Department has pre-empted the changes in legislation and has already held GDPR training for staff. In preparation for GDPR, 5 training sessions were completed by 93 staff. In addition, the Department's Data Protection Officer undertook specialised accredited...

Written Answers — Department of Finance: Legislative Measures (5 Jul 2018)

Paschal Donohoe: Home Building Finance Ireland (HBFI) is to be established to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding. The legislation establishing HBFI, the Home Building Finance Ireland Bill 2018, was published on 18 June 2018 and is now commencing its passage through the Oireachtas. It is envisaged that...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (5 Jul 2018)

Paschal Donohoe: I have no role in relation to the granting or refusal of Primary Medical Certificates (PMC). The PMC is issued by the relevant Senior Medical Officer in the HSE, or failing that an appeal may be made to the Disabled Drivers Medical Board of Appeal. The Medical Board of Appeal must be independent in its clinical determinations. There is always the option for a person who has been refused...

Written Answers — Department of Finance: Tax Yield (5 Jul 2018)

Paschal Donohoe: I am advised by Revenue that Solid Fuel is subject to both Carbon Tax (SFCT) and VAT. SFCT is an excise duty that applies to coal and peat supplied in Ireland on or after 1 May 2013. Wood is not liable to the SFCT and wood products that have no solid fuel component are also not liable to SFCT. Solid fuels are liable to VAT at a rate of 13.5%. The carbon tax collected from solid fuels in...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Training (5 Jul 2018)

Paschal Donohoe: In response to the Deputy’s question 300 people in my Department have received training in respect of GDPR to date with a further 265 expected to receive training before the end of the year. The following table provides details of GDPR training both from my Department and bodies under its remit. NAME OF BODY NUMBER OF STAFF TRAINED Department of Public Expenditure and Reform 306...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (5 Jul 2018)

Paschal Donohoe: Public Procurement is governed by EU and National rules. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers the best value for money. It would be a breach of the EU rules for a public body to favour particular candidates on grounds such as organisation size, locality, nationality etc., and there are legal remedies which...

Written Answers — Department of Finance: Insurance Costs (4 Jul 2018)

Paschal Donohoe: I welcome the role that the Alliance for Insurance Reform is taking in regard to the issue of the cost of insurance, particularly for businesses and voluntary organisations. The Minister of State for Financial Services and Insurance, Mr Michael D’Arcy TD, has formally met with the Alliance, and relevant issues were discussed. Both Minister D’Arcy and I are very conscious of...

Written Answers — Department of Finance: Departmental Investigations (4 Jul 2018)

Paschal Donohoe: I am advised by the Special Liquidators that they are in the process of collating the requested information for the Deputy but it was not ready in its entirety in order to answer the PQ within the timeframe provided. I will write directly to the Deputy with a response once the information has been received by my Department.

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2018)

Paschal Donohoe: In general consideration of Capital Acquisitions Tax (CAT) thresholds and rates 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. In addition, it would be impossible for me to comment on any possible changes in respect of future Budgets. The Deputy will...

Written Answers — Department of Finance: NAMA Receivers (4 Jul 2018)

Paschal Donohoe: I am advised by NAMA that receivers appointed to NAMA-secured properties are selected from NAMA's insolvency service provider panel which was established following a competitive public procurement process. I am advised that, arising from this process, very competitive fixed-fee rates were achieved relative to prevailing market norms. I am advised that, in general, fees are not paid to...

Written Answers — Department of Finance: Mortgage Lending (4 Jul 2018)

Paschal Donohoe: The Central Bank has advised that the objective of the recent review it undertook was to assess whether or not lenders were advertising mortgages with cashback offers in a clear and unambiguous way. The review therefore assessed lenders’ compliance with certain provisions of Chapter 4 (relating to the provision of information) and Chapter 9 (relating to advertising) of the...

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (4 Jul 2018)

Paschal Donohoe: In response to the Deputy's question, the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial regulation.  Poor supervision, an...

Written Answers — Department of Finance: Departmental Contracts Data (4 Jul 2018)

Paschal Donohoe: The use of polling companies and/or Irish market researchers to conduct research on behalf of my Department since June 2016 is outlined in the following table.  Company Name Associated Costs Year  Detail Indecon International Economic Consultants €96,890.79 (€78,773 plus VAT) 2018 A mini competition was run from December 2017 to January 2018 for research services to...

Written Answers — Department of Finance: Tax Appeals Commission (4 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 176 to 179, inclusive, together. The TAC was established on 21st March 2016 and new procedures for making, processing, adjudicating and determining appeals came into effect. Before this date taxpayers sent their appeals directly to Revenue who then transferred cases to the Appeal Commissioners when they were ready for a hearing. Since that date, taxpayers...