Results 19,141-19,160 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Motor Insurance Costs (17 May 2018)

Paschal Donohoe: I note that the specific case which the Deputy mentions refers is a business owner seeking motor insurance at a competitive rate. The Deputy will appreciate that it would not be appropriate for me to comment on or review any particular case, but I will focus my reply on the Deputy's question on the steps taken within my remit to address the issue of insurance costs. As Minister for Finance,...

Written Answers — Department of Finance: Dog Breeding Industry (17 May 2018)

Paschal Donohoe: Section 9 of the Dog Breeding Establishments Act 2010 provides that each local authority must maintain a register of dog breeding establishments located in its area of responsibility. The Act also places an obligation on any person seeking to operate a dog breeding establishment to have the premises included on the register. However, Revenue does not have any role to play under the Dog...

Written Answers — Department of Finance: Motor Insurance Coverage (17 May 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Finance: Tax Code (17 May 2018)

Paschal Donohoe: In March the Commission published two proposed Directives in relation to the taxation of digital economy. The first proposal is a ‘temporary’ solution of a 3% levy on turnover from certain digital service activities. The thresholds for application of a global turnover of €750 million and EU turnover of at least €50 million. The second, "comprehensive solution"...

Written Answers — Department of Finance: Departmental Staff Data (17 May 2018)

Paschal Donohoe: Of the seventeen Bodies under the aegis of my Department, I am informed that in the location listed by the Deputy there are seven people employed at Assistant Principal level of which one will be due to retire in the coming year.

Written Answers — Department of Finance: Departmental Staff Data (17 May 2018)

Paschal Donohoe: Of the seventeen Bodies under the aegis of my Department, I am informed that in the location listed by the Deputy there are seven people employed at Assistant Principal level.

Written Answers — Department of Finance: Departmental Staff Data (17 May 2018)

Paschal Donohoe: Of the seventeen Bodies under the aegis of my Department, I am informed that in the location listed by the Deputy there are no current plans to recruit at Assistant Principal level or equivalent in the next five years.

Written Answers — Department of Finance: House Prices (17 May 2018)

Paschal Donohoe: The Department of Finance continues to monitor developments in the residential property market, including trends in property prices. Ongoing monitoring allows my Department to assess the property sector’s contribution to the economy, as well as to scrutinise potential risks emerging from the wider construction industry. The Department monitors price levels through stamp duty returns...

Written Answers — Department of Finance: Tax Code (17 May 2018)

Paschal Donohoe: I am informed by Revenue that section 86 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for a dwelling house exemption which allows for property to be inherited tax-free where the inheritor is already living in the home subject to certain conditions. Firstly, the inherited dwelling house must have been the deceased person’s principal private residence at the...

Written Answers — Department of Finance: State Aid (17 May 2018)

Paschal Donohoe: The Government profoundly disagrees with the European Commission’s analysis in the Apple State Aid case. An appeal is therefore being brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union (GCEU), asking it to annul the Commission’s Final Decision. The Attorney General prepared the legal grounds in...

Written Answers — Department of Finance: Banking Sector Data (17 May 2018)

Paschal Donohoe: I have received the following response from AIB:"AIB does not monitor individual customer social media accounts and as such never makes decisions using individual customer’s social media data. The only individual social media data that’s used by the bank is when a customer contacts us on AIB Group Social Channels and we respond to specific queries from customers as is normal...

Written Answers — Department of Finance: Startup Funding (17 May 2018)

Paschal Donohoe: Start-Up Relief for Entrepreneurs (SURE) is a tax relief for individuals who leave full-time employment and start up their own business. In general terms, relief under SURE is available for an individual who: - Sets up a new company to carry out a new trade. Companies that carry on a trade previously carried out by another person do not qualify. Nor do many consulting companies, which...

Written Answers — Department of Finance: Revenue Commissioners Resources (17 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 64 and 72 together. The implementation of the PAYE Modernisation project was announced in Budget 2017. PAYE Modernisation represents the most significant reform of the administration of the PAYE system in over 50 years. Its objective is that employers, employees and Revenue will all have access to the most accurate and up-to-date information...

Written Answers — Department of Finance: Legislative Programme (17 May 2018)

Paschal Donohoe: The funds industry has been a successful and significant element of the Irish financial services landscape for many years. This success has been underpinned by changes in the legislative landscape that have made Ireland an attractive domicile for promoters in Asia, across Europe, the U.S., and further afield. We also have a regulatory regime providing a robust and consistent approach to the...

Written Answers — Department of Finance: Consumer Protection (17 May 2018)

Paschal Donohoe: On consultation with the Central Bank, I can confirm that the General Principles of the Consumer Protection Code (the Code) apply in respect of all customers in the State, with customer defined as: “any person to whom a regulated entity provides or offers to provide a product or service the subject of this Code, and any person who requests such a product or service”. The other...

Written Answers — Department of Finance: Motor Insurance Costs (17 May 2018)

Paschal Donohoe: The Fifth Progress Updatewas published on the Department of Finance website on 11 May 2018, together with an accompanying press release. This is the first such quarterly report to provide details on the implementation of the Report on the Cost of Employer and Public Liability Insurance, as well as continuing to outline developments in respect of the Report on the Cost of Motor...

Written Answers — Department of Finance: Motor Insurance Costs (17 May 2018)

Paschal Donohoe: The Fifth Progress Update,which provides details on the implementation of the Report on the Cost of Motor Insurancerecommendations, was published on the Department of Finance website on 11 May 2018. This Fifth Progress Update confirms that Action Point 17 (associated with Recommendation 8), which calls upon Insurance Ireland to put in place a general protocol around the requirement for...

Written Answers — Department of Finance: Motor Insurance Data (17 May 2018)

Paschal Donohoe: As the Deputy is aware, under the terms of the Declined Cases Agreement (DCA), which is adhered to by all motor insurers in Ireland, the insurance market will not refuse to provide insurance to an individual seeking motor insurance if he or she has approached at least three insurers and has not been able to obtain cover from them. I am not responsible for the operation of the DCA and...

Written Answers — Department of Finance: Tracker Mortgage Examination Expenditure (17 May 2018)

Paschal Donohoe: The Central Bank has advised that the estimated costs incurred by the Bank in carrying out the Tracker Mortgage Examination to end December 2017 amounted to approximately €8.4m. This comprises an estimate of internal labour costs of €4.5m (but does not include an apportionment of indirect costs) and an estimate of €3.9m for directly attributable external costs (including...

Written Answers — Department of Finance: Insurance Industry Regulation (17 May 2018)

Paschal Donohoe: The Irish insurance sector is diverse, comprising life, non-life and reinsurance firms operating across a range of products and geographical markets. I believe that it is very important that this market is competitive, vibrant and that there are no barriers to entry facing potential new entrants. If we want to increase its capacity and facilitate further competition, this must remain a key...