Results 18,881-18,900 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Real Estate Investment Trusts (7 Sep 2018)

Paschal Donohoe: I am answering the question on the basis of my tenure as Minister for Finance only. I can confirm that neither I or my officials have met with Real Estate Investment Trust in question during this period.

Written Answers — Department of Finance: Excise Duties (7 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: VAT Rate Application (7 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: VAT Rate Application (7 Sep 2018)

Paschal Donohoe: Fiscal neutrality is a fundamental tenet of the VAT system, and a core principle of EU tax law. As a result, any policy that goes against fiscal neutrality is counter to EU VAT law. In this regard, applying different VAT rates to different forms of the same service is illegal. For this reason it is not possible to apply different VAT rates to different services within the same...

Written Answers — Department of Finance: VAT Rate Application (7 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tracker Mortgage Examination (7 Sep 2018)

Paschal Donohoe: The Deputy will be aware that, following my meetings with each of the banks last October, I stated publicly the Government’s view that the banks’ behaviour in relation to tracker mortgages was disgraceful and that the Government was determined to ensure that the matter was resolved. In addition, I conveyed the Government’s full support for the Central Bank’s...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: The Deputy may be aware that in my role as Minister for Finance, I cannot stop loan sales even by the banks in which the State has a shareholding. These decisions are the responsibility of the board and management of the banks which must be run on an independent and commercial basis. The banks’ independence is protected by Relationship Frameworks which are legally binding documents...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 126 and 130 together. In the first instance, I should highlight for the Deputy that in my role as Minister for Finance, I cannot stop loan sales even by the banks in which the State has a shareholding. Decisions in this regard, as well as the criteria used to decide the make-up of loans to be included, are the sole responsibility of the...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: Since the establishment of the Single Supervisory Mechanism (SSM) in November 2014, the focus has shifted from reducing mortgage arrears levels to reducing Non-performing Loans (NPLs). This shift in focus has been accompanied by a new strict Europe-wide definition of what constitutes an NPL by the European Banking Authority (EBA), which means that certain restructures are deemed NPL...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 128, 129 and 131 together. As the Deputy will be aware the decisions around loan sales are the responsibility of the board and management of the banks which must be run on an independent and commercial basis. The Minister for Finance cannot stop loan sales, even by the banks in which the State has a shareholding.  I wish to advise the Deputy that...

Written Answers — Department of Finance: Mortgage Data (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 132 and 140 together. As the Deputy will be aware the decisions around loan sales are the responsibility of the board and management of the banks which must be run on an independent and commercial basis. The Minister for Finance cannot stop loan sales, even by the banks in which the State has a shareholding. I wish to advise the Deputy that my department does...

Written Answers — Department of Finance: Departmental Correspondence (7 Sep 2018)

Paschal Donohoe: I can confirm for the Deputy that the matter referred to has been drawn to my attention and a response has now been issued.

Written Answers — Department of Finance: Revenue Commissioners Investigations (7 Sep 2018)

Paschal Donohoe: Revenue has advised me that a review of the case in question is already under way and will be concluded as quickly as possible. Once the review is completed Revenue will make direct contact with the person setting out the correct tax position. Revenue has assured me that any refund due to the person arising from the review will be immediately processed.

Written Answers — Department of Finance: Vehicle Registration (7 Sep 2018)

Paschal Donohoe: I am advised by Revenue that the difficulty in the case to which the Deputy is referring arose because the person in question incorrectly informed Revenue that the vehicle had been converted from a goods vehicle to a passenger vehicle thereby generating a liability to Vehicle Registration Tax (VRT). Revenue subsequently made direct contact with the person who confirmed that his concerns...

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (7 Sep 2018)

Paschal Donohoe: At the outset you should be aware that the provision of insurance is a commercial matter for insurance companies, which has to be based on a proper assessment of the risks they are willing to accept. This assessment will in many cases include insurers own presumptions based on their private modelling and research. Consequently, neither the Government nor the Central Bank can interfere in...

Written Answers — Department of Finance: VAT Rate Reductions (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 137 and 157 together. I am advised by the Revenue Commissioners that information provided on VAT3 returns (the primary return filed by VAT traders) does not require a trader to separately identify the yield from specific rates. Based on Revenue data and other third-party data sources, a tentative estimate of the VAT foregone for all goods and services...

Written Answers — Department of Finance: Social and Affordable Housing Funding (7 Sep 2018)

Paschal Donohoe: I propose to take Questions Nos. 138 and 187 together. As the Deputy is aware, the Programme for a Partnership Government recognises the potential role that credit unions can play in housing finance. To that end, officials from my Department and the Department of Housing, Planning and Local Government have met with the credit union representative bodies on a number of occasions...

Written Answers — Department of Finance: Tax Code (7 Sep 2018)

Paschal Donohoe: The payment of financial incentives for construction purposes is not within the remit of my Department. However, there are a number of tax based measures which are relevant to the Deputy's question. Industrial Buildings Allowances – General Scheme Industrial Buildings allowances are available for capital expenditure incurred on the construction or refurbishment of various types of...

Written Answers — Department of Finance: Mortgage Book Sales (7 Sep 2018)

Paschal Donohoe: As the Deputy will be aware, the Minister for Finance cannot stop loan sales, even by the banks in which the State has a shareholding. These decisions are the responsibility of the board and management of the banks which must be run on an independent and commercial basis. The banks’ independence is protected by Relationship Frameworks which are legally binding documents which I, as...

Written Answers — Department of Finance: Tracker Mortgages (7 Sep 2018)

Paschal Donohoe: The Central Bank has strong consumer protection requirements covering tracker rate mortgages which are set out in the statutory the Code of Conduct on Mortgage Arrears (2010 and 2013) and Consumer Protection Codes (2006 and 2012).  In the case of tracker mortgages on a primary residence in financial difficulty, such borrowers are covered by the protections of the CCMA.  For...