Results 18,721-18,740 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (19 Jun 2018)

Paschal Donohoe: Finance Act 2000 introduced the gross roll-up taxation regime for investments in certain investment undertakings and life assurance policies. Generally the regime provides that there is no annual tax on income or gains arising within the investment. Instead, tax applies at an investor level. Finance Act 2006 introduced the concept of deemed disposals every 8 years in relation to these...

Written Answers — Department of Finance: Stability and Growth Pact (19 Jun 2018)

Paschal Donohoe: The preventive arm of the Stability and Growth Pact endeavours to ensure that fiscal policy leads to sustainable public finances over the short and longer term. A key component is that Member States attain a country-specific Medium Term budgetary Objective (MTO) which is set in structural terms. For Ireland this is currently a structural deficit of 0.5 per cent of GDP. Assessment of...

Written Answers — Department of Finance: Government Bonds (19 Jun 2018)

Paschal Donohoe: I have been advised by colleagues in the Central Bank of Ireland that the Eurosystem does not publish details of the holdings of individual bonds under the Public Sector Purchase Programme (PSPP). The cumulative monthly net purchases of Irish Government bonds by the Eurosystem (ECB and Central Bank of Ireland) as part of the Public Sector Purchase Programme (PSPP) stood at €27,614...

Written Answers — Department of Finance: Motor Insurance Costs (19 Jun 2018)

Paschal Donohoe: The Deputy will be aware that the Cost of Insurance Working Group’s Report on the Cost of Motor Insurancewas 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 Government...

Written Answers — Department of Finance: Tax Yield (19 Jun 2018)

Paschal Donohoe: The tax on sugar-sweetened drinks commenced on 1 May 2018 and applies to water and juice based drinks with a sugar content of 5 grams per 100 millilitres or above. The rationale behind imposing a tax on sugar-sweetened drinks is to help tackle obesity by reducing the consumption of liable water and juice based drinks. Milk products are outside the scope of the tax on the basis that...

Written Answers — Department of Finance: VAT Rate Application (19 Jun 2018)

Paschal Donohoe: VAT is guided by the EU VAT Directive, with which Irish VAT law must comply. In Ireland, certain sanitary products, such as sanitary towels and tampons, are charged to VAT at the zero rate. Article 110 of the VAT Directive allows Member States to apply a zero rate of VAT to goods or services that are social in nature, that benefit the final consumer and which applied at a zero rate on and...

Written Answers — Department of Finance: Pension Levy (19 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 158 and 159 together. The Pension Scheme Levy was introduced in 2011. For the years 2011, 2012 and 2013 the rate was 0.60% of the scheme assets. For the year 2014 the rate was 0.75% of the assets and for the year 2015, the final year of the levy, the rate was 0.15%. Under the legislation, the payment of the levy was treated as a necessary expense of a...

Written Answers — Department of Finance: Insurance Costs (19 Jun 2018)

Paschal Donohoe: I am aware of the concerns raised by the Deputy in relation to the financial strain which the cost of insurance is placing on some community and voluntary organisations. However, the Deputy should note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and that neither I nor the Central Bank of Ireland can interfere in the...

Written Answers — Department of Finance: Banking Sector Regulation (19 Jun 2018)

Paschal Donohoe: Under Part IIIC of the Central Bank Act 1942 (as amended) (“the Act”), the Central Bank may hold an inquiry to determine whether or not a financial service provider is committing or has committed a suspected prescribed contravention. The Central Bank may also hold an inquiry to determine whether or not a person concerned in the management of a regulated financial service...

Written Answers — Department of Finance: Tax Avoidance (19 Jun 2018)

Paschal Donohoe: I understand that the Deputy is alluding to report "The Missing Profits of Nations" by G. Zucman, T. Tørsløv and L. Wier, that examines attribution of profits by mutlinationals around the world. In the first instance, I reject any assertion that Ireland is a tax haven. The report does not provide any definition of a tax haven and appears to assert that Ireland, and many other...

Written Answers — Department of Public Expenditure and Reform: Departmental Contracts (19 Jun 2018)

Paschal Donohoe: All public works projects that are delivered under the Exchequer-funded element of the Government's capital plan must be procured in accordance with the provisions laid down in the Capital Works Management Framework (CWMF).  The CWMF is mandated by circular and was developed to assist contracting authorities in meeting their ongoing procurement requirements.  It provides an...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (19 Jun 2018)

Paschal Donohoe: I refer the Deputy to my answer to PQ No. 214 (ref. 23422/18) on the 29 May 2018.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (19 Jun 2018)

Paschal Donohoe: I understand from HR Shared Services, who received the application for a preserved pension from the individual concerned, that the application is being processed and that the pension lump sum will be paid shortly and the pension commenced with appropriate arrears paid.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (19 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 167 to 170, inclusive, together. The unwinding of the emergency FEMPI legislation commenced with the Lansdowne Road Agreement 2016-2018 and will be completed under the Public Service Stability Agreement 2018 -2020 (PSSA). In relation to the PSSA, the measures agreed were given legal effect through the enactment of the Public Service Pay and Pensions Act...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (19 Jun 2018)

Paschal Donohoe: The following table outlines the amounts paid by my Department for the services of the company named in the question from 1stJanuary 2016 up to and including 13thJune 2018. YEAR Payment Date Project Name Amount Paid 2018 22.03.18 Regulation of Lobbying Act, Appeal Officers Competition €1,536 12.06.18 Public Notice of Flood Defence Schemes / Plans €5,842 2017...

Written Answers — Department of Public Expenditure and Reform: Public Consultation Process (19 Jun 2018)

Paschal Donohoe: Details of all public consultations held by my Department, and the bodies under the aegis of my Department, are outlined in the following table. Department Of Public Expenditure and Reform Year Title of Public Consultation: Responses Cost 2011 Regulation of Lobbying Bill 61 €3,719.83 Comprehensive Review of Expenditure 1,000+ Nil 2012 None N/A N/A 2013 Review of...

Written Answers — Department of Public Expenditure and Reform: Departmental Correspondence (19 Jun 2018)

Paschal Donohoe: My Department has not received any documentation in relation to Cork Event Centre in the last three months. However, my Department has been made aware by the Department of Culture, Heritage and the Gaeltacht that it is in ongoing correspondence with Cork City Council in relation to the project.

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (19 Jun 2018)

Paschal Donohoe: My Department issued circulars in December 2017 and January 2018 authorising the application to qualifying public service pensions of certain public service pay increases, and giving guidance on the implementation of those pension increases. DPER Circular 20/2017, which issued in December 2017, authorised public service pension increases with effect from 1 September 2017, by reference to...

Written Answers — Department of Public Expenditure and Reform: Proposed Legislation (19 Jun 2018)

Paschal Donohoe: I refer the Deputy to my answer to PQ 24451/18 on the 12 June 2018. When I wrote to the Joint Committee on Finance, Public Expenditure and Reform about pre-legislative scrutiny of the Bill earlier this year, the Committee responded indicating that, while it did not intend to undertake pre-legislative scrutiny of the Bill, it would engage fully on the draft legislation in the context of the...

Written Answers — Department of Public Expenditure and Reform: Office of Director of Public Prosecutions (19 Jun 2018)

Paschal Donohoe: As voted by the Houses of the Oireachtas and published in the Revised Estimates for Public Services 2018, the estimate of the amount required for the operation of the Office of the Director of Public Prosecutions for 2018 is €43,502,000 (net).