Results 19,261-19,280 of 32,610 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Economic Data (16 May 2018)

Paschal Donohoe: According to EUROSTAT, the statistical office of the European Union, Ireland was the fastest growing economy in the EU in 2017. First estimates show that real GDP growth in Ireland was 7.8 per cent in 2017 compared with real GDP growth in both the EU and euro area of 2.4 per cent. While headline GDP figures can be exaggerated in an Irish context, other indicators such as consumer spending,...

Written Answers — Department of Finance: Mortgage Interest Rates (16 May 2018)

Paschal Donohoe: The Central Bank of Ireland has informed me that the most recently available statistics on interest rates charged on new mortgage business in the euro area are detailed in the table. These statistics are harmonised across the euro area, and relate to euro-denominated lending to euro area residents, broken by broad interest rate type; variable and fixed. There is no breakdown available for...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (16 May 2018)

Paschal Donohoe: As the Deputy is aware, on 5 December 2017, the Government agreed that the compulsory retirement age of most public servants recruited before 1 April 2004 should be increased to age 70. Primary legislation is required for this change to be implemented. The Attorney General’s Office has been requested to prioritise the drafting of the necessary legislation so that the new compulsory...

Written Answers — Department of Public Expenditure and Reform: Caiteachas Ranna (16 May 2018)

Paschal Donohoe: Níorbh fhéidir an PQ a fhreagairt i nGaeilge sa tréimhse ama toisc srianta ama. Tá an freagra 9ú Bealtaine aistrithe go Gaeilge anois thíos: “Ba é ceann de na cuspóirí ar bhain le Ceadúnas don Chrannchur Naisiúnta do thréimshe 20 bliain a dhíol ná fáltais láithreach a ghiniúint don Stát....

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (15 May 2018)

Paschal Donohoe: I am advised by Revenue that the person in question should make a new application for relief under the Disabled Drivers and Disabled Passengers scheme, in respect of the purchase and adaptation of the second hand vehicle. Once the application is processed, the benefits on the previous car will cease and become available in respect of the newly acquired vehicle. To advance matters the...

Written Answers — Department of Finance: State Claims Agency (15 May 2018)

Paschal Donohoe: The NTMA (Amendment) Act 2000, which established the SCA, provides for the SCA to deal directly with the bodies which are delegated to it for claims management on behalf of the relevant Minister. The relevant Minister’s role and responsibilities must be respected while claims which arise are being managed. As my Department does not have a role in the day-to-day handling of medical...

Written Answers — Department of Finance: Departmental Contracts Data (15 May 2018)

Paschal Donohoe: The value of contracts for goods and services incurred by my department in relation to HP Inc; HP Enterprise; and DXC Technology are set out in the table below. In 2010 my department paid €11,516.15 to Hewlett-Packard Enterprises to provide hardware and software support services of a backup and recovery solution for the Department's files and systems. All remaining payments are made in...

Written Answers — Department of Finance: Tax Reliefs Availability (15 May 2018)

Paschal Donohoe: I assume that the deputy is referring to the Special Assignee Relief Programme (SARP), which is provided for in section 825C Taxes Consolidation Act 1997. SARP allows income tax relief on a portion of income earned by an employee who is assigned by his or her employer to work in the State for that employer or for an associated employer. The relief can generally be claimed for a maximum...

Written Answers — Department of Finance: Tax Code (15 May 2018)

Paschal Donohoe: I assume the Deputy is referring to Tax and Duty Manual 42.4.65 which Revenue issued on 17 April 2018. I am advised by Revenue that its recent updating of guidance on the tax position of foreign assignees followed extensive consultation by Revenue with practitioner representatives. This included detailed discussions in early March on draft text which had been circulated for comment to the...

Written Answers — Department of Finance: Banking Sector Investigations (15 May 2018)

Paschal Donohoe: It is a matter for the Central Bank to oversee the operation of regulated financial service providers in Ireland. That said, in an effort to assist the Deputy, I have contacted Ulster Bank about its complaints process in relation to Global Restructuring Group. Ulster Bank have confirmed that following on from the UK Financial Conduct Authority’s (FCA) appointment of a Skilled Person...

Written Answers — Department of Finance: State Claims Agency (15 May 2018)

Paschal Donohoe: It was not possible for the State Claims Agency to provide the information sought in the time available and, therefore, I will make arrangements to provide the information in line with Standing Orders.

Written Answers — Department of Finance: Budget Consultation Process (15 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 139 to 141, inclusive, together. Table 3 on page 22 of the Summer Economic Statement (SES) 2017 set out an indicative amount of €3.2 billion, based on the parameters available at that time, in respect of the estimate of net fiscal space for 2019. In arriving at the net amount the fiscal space impact of certain pre-committed voted expenditure was...

Written Answers — Department of Finance: National Development Plan Expenditure (15 May 2018)

Paschal Donohoe: Forecasts beyond 2021 have not been compiled or published by my Department. There is no impact resulting from the National Development Plan (NDP) in 2018. The impact for 2019 - 2021 was set out in my response to PQ number 160 on 27 February 2018 and is reproduced here for the Deputy's convenience. The specific impact of the NDP out to 2021 on the Exchequer Borrowing Requirement (EBR), based...

Written Answers — Department of Finance: Budget Measures (15 May 2018)

Paschal Donohoe: In Budget 2018, I announced my intention to capitalise the Rainy Day Fund with €1.5 billion from the Ireland Strategic Investment Fund. The budgetary projections published last month in the Stability Programme Update 2018 (Table 8) include provision for €500 million to the Rainy Day Fund for each year from 2019 to 2021 (the end of the time horizon projected in the update). My...

Written Answers — Department of Finance: State Claims Agency Data (15 May 2018)

Paschal Donohoe: The State Claims Agency (SCA) is part of the National Treasury Management Agency (NTMA), which is a body under the aegis of the Minister for Finance. The SCA have supplied the information included in this report, and confirmed that it is correct as of 14thMay 2018. This report shows the number of active claims managed by the State Claims Agency in relation to historical child sexual abuse...

Written Answers — Department of Finance: State Claims Agency Data (15 May 2018)

Paschal Donohoe: The State Claims Agency (SCA) is part of the National Treasury Management Agency (NTMA), which is a body under the aegis of the Minister for Finance. The SCA have supplied the information included in this report, and confirmed that it is correct as of 14 May 2018. This report shows the number of claims finalised between 2008 to date by the SCA in relation to historical child sexual abuse...

Written Answers — Department of Finance: Tax Code (15 May 2018)

Paschal Donohoe: It is important to note that the imposition of a cap on capital allowances for intangible assets only affects the timing of relief in the form of capital allowances and related interest expenses for intangible assets but would not affect the overall quantum of relief. This is because any amounts restricted in one accounting period as a result of a cap would be available for carry forward and...

Written Answers — Department of Finance: Corporation Tax Regime (15 May 2018)

Paschal Donohoe: Corporation Tax Loss Relief is provided for by Section 396 of the Taxes Consolidation Act (TCA) 1997. It allows for losses incurred in the course of business to be accounted for when calculating tax liabilities. Loss relief for corporation tax is a long standing feature of the Irish Corporate Tax system and is a standard feature of Corporation Tax systems in all OECD countries. ...

Written Answers — Department of Finance: VAT Exemptions (15 May 2018)

Paschal Donohoe: In line with my Budget 2018 announcement, a VAT compensation scheme for charities will be introduced in 2019 in respect of VAT expenses incurred in 2018. Charities will be entitled to a refund of a proportion of their VAT costs based on the level of non-public funding they receive, from a total capped fund of €5m. Work on this scheme by officials of my Department and the Office of...

Written Answers — Department of Finance: Tax Code (15 May 2018)

Paschal Donohoe: In Budget 2016, the Minister for Finance committed to extending the bank levy (a form of stamp duty paid by financial institutions) until 2021, subject to a review of the calculation methodology. This took place during 2016, including a public consultation to ascertain the views of stakeholders. Following on from this, it was decided to retain the existing DIRT-based calculation...