Results 19,581-19,600 of 32,643 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Credits (17 Apr 2018)

Paschal Donohoe: The One-Parent Family Tax Credit (OPFTC) was replaced by the SPCCC from 1 January 2014. It is essential to review all tax reliefs, credits and incentives in order to ensure that they are properly targeted and if necessary re-focused in order that they can achieve the socio-economic objectives that are set for them within a system of finite fiscal resources. A provision that allowed, under...

Written Answers — Department of Finance: Tax Rebates (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that it cannot quantify or refund any tax until all outstanding returns are filed. In regard to the specific case to which the Deputy is referring, Revenue has requested the person in question to file their outstanding returns on a number of occasions but to date they have failed to do so. Once the person files the returns Revenue will...

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

Paschal Donohoe: The move towards a system of individualisation commenced in 1999, and is now integral to the overall income tax system. When first announced, the stated purposes of individualisation were to ease the burden on single persons which accounted for 65% of the work force, to take workers on the average industrial wage out of the higher rate of tax and more generally to facilitate a reduction in...

Written Answers — Department of Finance: Banks Recapitalisation (17 Apr 2018)

Paschal Donohoe: The Ireland Strategic Investment Fund (ISIF) holds the AIB and Bank of Ireland shares on behalf of the State. Dividend payments are therefore made to the ISIF. Dividend payments from Permanent tsb would be made direct to the Exchequer. Regarding proceeds from dividends, these are typically recorded as property income in the European System of Accounts (ESA 2010) framework and not as...

Written Answers — Department of Finance: State Banking Sector (17 Apr 2018)

Paschal Donohoe: As the Deputy is aware in 2017 AIB paid a dividend of €250m to the State in respect of the financial year 2016. As part of its recent annual results for 2017 the bank proposed a dividend of €326m of which the State will receive €231m (71%) if approved by shareholders at the forthcoming AGM on 25 April 2018. In the case of Bank of Ireland the bank has proposed a...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Apr 2018)

Paschal Donohoe: I propose to take Questions Nos. 224 and 225 together. A review of the appropriate treatment for tax purposes of trade union subscriptions and professional body fees was carried out by my Department in 2016 and included in the 2016 report on tax expenditures published on budget day 2016. The review may be found at the following link: () The review concluded that "...analysis of the scheme...

Written Answers — Department of Finance: Consultancy Contracts Data (17 Apr 2018)

Paschal Donohoe: The information requested by the Deputy for 2015, 2016, and Quarters 1 through 3 of 2017 are contained in documents that are already published on my Department’s website. The information requested for Q4 2017 is contained in the following table. The nature of my Department's work is such that, from time to time, reliance on specialist advice is the optimal route. In using such...

Written Answers — Department of Finance: Revenue Commissioners Data (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that the details as regards consultants and information technology external resources contracted to undertake IT related work is as follows: Companies working on projects in each of the years 2015 to 2017 2015 2016 2017 Vendor Vendor Vendor Accenture Accenture Accenture Deloitte Deloitte Deloitte Eir eCom Eir Ergo Eir Ergo Fujitsu Ergo Fujitsu SQS Fujitsu...

Written Answers — Department of Finance: Revenue Commissioners Investigations (17 Apr 2018)

Paschal Donohoe: As the Deputy is aware, Revenue is precluded by virtue of the provisions of section 851A of the Taxes Consolidation Act, 1997 from providing public comment on the tax affairs of both individuals and other entities, such as corporates. As a result, Revenue is, on occasion, prevented from providing a detailed breakdown of data which would facilitate the identification, with a degree of...

Written Answers — Department of Finance: Fiscal Policy (17 Apr 2018)

Paschal Donohoe: As the Deputy is aware, the calculation of fiscal space decouples expenditure growth from revenue developments. Fiscal space represents the additional capacity arising from the permitted expenditure growth rate that is available for expenditure increases and/or tax reductions.  Fiscal space may be increased through the introduction of discretionary revenue...

Written Answers — Department of Finance: Central Bank of Ireland (17 Apr 2018)

Paschal Donohoe: I am informed by the Central Bank that the position remains that it is committed to disposing of the floating rate notes acquired as part of the IBRC liquidation as soon as possible, provided financial stability conditions permit. As the Deputy is aware the Bank is statutorily independent therefore decisions around sales are a matter for the Bank itself.

Written Answers — Department of Finance: Central Bank of Ireland Data (17 Apr 2018)

Paschal Donohoe: The ECB conducts an annual monitoring exercise to assess the compliance of national central banks (NCBs) with the prohibitions of monetary financing and privileged access referred to in Article 123 (and Article 124) of the Functioning of the European Union. Monetary financing prohibition includes the principle that NCBs must ensure that they do not finance obligations of the State...

Written Answers — Department of Finance: Mortgage Interest Relief Eligibility (17 Apr 2018)

Paschal Donohoe: I am advised by Revenue that Section 244 Taxes Consolidation Act 1997 provides for tax relief on qualifying interest paid in respect of qualifying home loans.  The applicable ceilings and rates of relief will depend on the particular circumstances of the borrower and are set out in Section 244. For the purposes of Section 244, a “qualifying loan” is a loan which is used by...

Written Answers — Department of Finance: Law Reform Commission (17 Apr 2018)

Paschal Donohoe: Many Law Reform Commission papers are concerned with matters which fall under the responsibility of the Minister for Justice and Equality. It is difficult to be definitive in respect of which legislation over the past decade was inspired or influenced by a Law Reform Commission report and no statistics are collated or maintained in this regard. However reports published by the Law Reform...

Written Answers — Department of Finance: Living City Initiative (17 Apr 2018)

Paschal Donohoe: Based on the most recent information received by Revenue from the City and County Councils, the number of applications received per eligible city is set out below. I am advised by Revenue that applications are only required to be made to the relevant local authority under the owner-occupier and rented residential elements of the scheme. Applications are not required to be made under the...

Written Answers — Department of Finance: Mortgage Arrears Rate (17 Apr 2018)

Paschal Donohoe: I have been informed by the Central Bank of Ireland that it while it produces mortgage arrears statistics on a quarterly basis, this information is not collated on a county by county basis. The latest statistic are available at . The Central Bank of Ireland does however provide a breakdown of aggregate levels of arrears by county in their Household Credit...

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

Paschal Donohoe: The tax treatment of tobacco products in EU member states is provided for in Directive 2011/64/EU (the 'Tobacco Products Tax Directive'), but it does not provide explicitly for heated tobacco products.  I am advised by Revenue that heated tobacco products, which are also known as heat-not-burn tobacco products, are a relatively recent innovation and have yet to enter the Irish...

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

Paschal Donohoe: At the outset, the Deputy should note that the decision to discontinue the production of the Blue Book is an operational matter for the Central Bank of Ireland, and I in my role as Minister for Finance have no influence over it.  Notwithstanding this, my officials have had some engagement with the Central Bank on this matter. In response, the Bank has indicated that, the tables in the...

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

Paschal Donohoe: I propose to take Questions Nos. 240 and 251 together. Ireland has engaged in extensive and constructive discussions with the European Commission to ensure that once commenced, the Sugar Sweetened Drinks Tax does not infringe EU State aid law. Following these constructive discussions with, and a formal notification to, the European Commission, a positive decision is expected very soon to...

Written Answers — Department of Finance: Energy Policy (17 Apr 2018)

Paschal Donohoe: I wish to thank the Deputy for forwarding the above mentioned paper which has been passed onto to my officials for their consideration. The paper contains proposals in relation to vehicle and carbon taxation.   The National Mitigation Plan sets out the Governments approach to transforming Ireland towards a low carbon society. The plan contains commitments in relation to...