Results 18,801-18,820 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Banking Sector (3 Jul 2018)

Paschal Donohoe: My Department, along with Minister Ring’s Department of Rural and Community Development, are tasked with fulfilling the Programme for a Partnership Government to "thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions". Local public banking is where there is public ownership, as opposed to private...

Written Answers — Department of Finance: Post Office Network (3 Jul 2018)

Paschal Donohoe: Responsibility for An Post rests with my colleague, Minister Naughton. Accordingly, Minister Naughton and his Department are better placed to provide further information and detail on the financial services provided by the post offices. However, in the context of the report on local public banking that has been prepared by my Department and the Department of Rural and Community Development,...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (3 Jul 2018)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman is independent in the performance of his statutory functions. I have no role in the day to day workings of his office. However, I have been advised by the Ombudsman that where a question of time-limits arises, the Ombudsman gives active consideration to all aspects of Section 51 of the Financial Services and...

Written Answers — Department of Finance: Government Expenditure (3 Jul 2018)

Paschal Donohoe: I propose to take Questions Nos. 69 to 73, inclusive, together. The information requested by the Deputy is publicly available (up to 2016) in the Budgetary Statistics annual publication available at) and reproduced for the Deputy’s convenience in the following table. I have provided the requested ratios as a percentage of GDP. However, given the documented issues around GDP,...

Written Answers — Department of Finance: Departmental Expenditure (3 Jul 2018)

Paschal Donohoe: In reply to the Deputy's question, my Department has incurred no expenditure on commercial archaeology services in the years 2013 to 2017 and to date in 2018.

Written Answers — Department of Finance: Summer Economic Statement (3 Jul 2018)

Paschal Donohoe: This has been addressed in previous responses to Parliamentary Questions No. 110 and 114 sent to the Deputy. I have reproduced the answers as follows for the Deputy's convenience. The following is a breakdown of ‘pre-committed fiscal space for expenditure’ in Table 3 of the Summer Economic Statement: € billions 2019 2020 2021 Demographics 0.4 0.4 0.5 Public Service...

Written Answers — Department of Finance: Insurance Costs (3 Jul 2018)

Paschal Donohoe: Both I and the Government are very conscious of the difficulties that increased insurance costs are having on the business sector. Consequently, following the publication of its Report on the Cost of Motor Insurance in January 2017, the Cost of Insurance Working Group undertook an examination of the Employer Liability and Public Liability insurance sectors in its second phase of work....

Written Answers — Department of Finance: Knowledge Development Box (3 Jul 2018)

Paschal Donohoe: The Knowledge Development Box (KDB) applies for accounting periods commencing on or after 1 January 2016. A claimant company has a period of up to 24 months to make a claim for KDB relief. I am informed by Revenue that a small number of companies (less than 10) with accounting periods ended on or before 31 December 2016 have claimed KDB relief to date. As indicated in Revenue’s...

Written Answers — Department of Finance: Capital Expenditure Programme (3 Jul 2018)

Paschal Donohoe: As the Deputy is aware my Department has not prepared any forecasts beyond 2021 and therefore cannot provide ratios of GDP and GNI* for these years. The Deputy provided a proposed capital expenditure plan and has requested this as: per cent of GDP; per cent of GNI*; and additional fiscal space used compared with Table 3 of the 2018 Summer Economic Statement (SES). Nominal GDP and GNI*...

Written Answers — Department of Finance: Tax Reliefs Availability (3 Jul 2018)

Paschal Donohoe: With regard to taxation, Section 266A of the Taxes Consolidation Act 1997 provided for a repayment of Deposit Interest Retention Tax (“DIRT”) for first time purchasers in respect of any property, which included the purchase of a second-hand property. This section applied to purchases from 14 October 2014 to 31 December 2017 and provided a repayment of DIRT on savings up to a...

Written Answers — Department of Finance: Electric Vehicles (3 Jul 2018)

Paschal Donohoe: The question raised by the Deputy is a matter for response by the Office of Public Works. I understand that the OPW have prepared a co-ordinated reply on the issue.

Written Answers — Department of Finance: Tax Reliefs Data (3 Jul 2018)

Paschal Donohoe: 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. The cost of increasing this limit to the €6.5 million suggested by the Deputy would be approximately €40m...

Written Answers — Department of Finance: Tax Reliefs Application (3 Jul 2018)

Paschal Donohoe: I am informed by Revenue that full details on how income tax relief on expenditure incurred on nursing home fees may be claimed were issued to the taxpayer in question on 5 June 2018. The taxpayer subsequently submitted a claim for the relief on 19 June 2018 following a meeting with an official from the Mayo Tax District. The individual’s claim was immediately processed and their...

Written Answers — Department of Finance: Fuel Laundering (3 Jul 2018)

Paschal Donohoe: I am aware of reports of incidents involving the illegal dumping of sludge in Co. Louth, and recognise the serious threat that fuel fraud poses to legitimate business, consumers and the Exchequer. I am advised by Revenue that tackling fuel fraud has been one of their priorities over recent years. While it is very disappointing that incidents such as this still occur, I am advised that...

Written Answers — Department of Finance: Banking Sector Regulation (3 Jul 2018)

Paschal Donohoe: I have been advised by the Central Bank that it believes that the release of the costs of the Inquiry at this stage has the potential to prejudice the effectiveness of the INBS Inquiry. The Inquiry is currently hearing the first module which is the first module of four, and which has been ongoing since late December 2017. It is important for the proper running of the Inquiry that the...

Written Answers — Department of Finance: Mortgage Lending (3 Jul 2018)

Paschal Donohoe: Permanent TSB has provided the following response with reference to the Deputy's question: "Permanent TSB plc has been authorised to issue Mortgage Loans since 1994 (under a licence to carry on banking business within the State issued by the Central Bank of Ireland) and prior to that under the name of Irish Permanent Building Society. Permanent TSB plc, then called Irish Permanent plc,...

Written Answers — Department of Finance: Credit Union Services (3 Jul 2018)

Paschal Donohoe: The Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit union wishes to provide services to its members, other than those services that are provided for...

Written Answers — Department of Finance: Tax Reliefs Data (3 Jul 2018)

Paschal Donohoe: The rent tax credit was available to those paying for private rented accommodation. This included rent paid for flats, apartments or houses. It did not include rent paid to local authorities. The credit was only available to persons renting on 7 December 2010 and ceased to be available after 31 December 2017. The numbers that availed of the rent tax credit and the associated cost for the...

Written Answers — Department of Finance: Revenue Commissioners (3 Jul 2018)

Paschal Donohoe: I am advised by Revenue that it is not possible to give even an estimated cost for the purchase of two additional cutters since a full public tender procedure would be required to be followed in such a scenario. The cost would also be dependent on the full specification of each vessel requested. The operational costs for two additional vessels including the additional crews required would...

Written Answers — Department of Finance: Tax Rebates (3 Jul 2018)

Paschal Donohoe: I am advised by Revenue that it has recently written to the person in question requesting specific clarifications. Revenue has assured me that as soon as the person provides the requested information it will carry out a full review of their tax situation for both 2017 and 2018 and will refund any overpayments, if any.