Results 19,641-19,660 of 32,726 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: Something that I would like to address later this year is one of the things that we need to think through. If we keep on looking at how we drive economic growth sector by sector, and do not have a holistic appreciation of what that is, then we will get to a point where we will begin to hit pressures and contradictions even sooner than we should. If we keep on considering ways to drive...

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: On the effect an increase in corporate tax rates would have on the resources available to us and the choices we would be able to make, my view is that reducing corporation tax would result in job losses and reduced tax revenue. Deputy Boyd Barrett and I have differing views on the matter. I will not reduce the corporate tax rate beyond the current level and the top line rate of 12.5% will...

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: The Deputy asked me for figures on gross fiscal space and I answered him on that basis.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: I will revert to the Deputy on that because we have to find the money to pay for all of this next year. I will provide further detail afterwards if the Deputy wishes.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: I will revert to the Deputy on that matter.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: I will share that information with the Deputy. The purpose of the next economic statement will be to relate the position next year to the resources available to us next year.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: The reason more cannot be provided is that we have to spend what we collect in taxes. There will be very little carried forward next year.

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: To which €50 million is the Deputy referring?

Committee on Budgetary Oversight: Stability Programme Update: Discussion (18 Apr 2018)

Paschal Donohoe: That money was pencilled in for this year and has been paid for this year.

National Infrastructure Bill 2018: First Stage (18 Apr 2018)

Paschal Donohoe: No.

Written Answers — Department of Finance: Banking Sector (18 Apr 2018)

Paschal Donohoe: AIB has provided me with the following response: " One of AIB’s core objectives in restructuring customers in financial difficulty has been keeping viable businesses operating and supporting associated employment. Once a customer is meeting its commitments under a restructure agreement including fully cooperating with the Bank, assessment of advancing additional money would be...

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Legislation (18 Apr 2018)

Paschal Donohoe: The Freedom of Information Act 2014 provides a very broad definition of public bodies at Section 6(1) and further provides that all new public bodies comprehended by this definition will automatically come under freedom of information (FOI) legislation, unless specifically exempted by order. This reversed the system under previous legislation whereby new bodies would have to be brought into...

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

Paschal Donohoe: I propose to take Questions Nos. 208 and 249 together. I am advised by The Revenue Commissioners that the chargeable value for the calculation of Vehicle Registration Tax, the open market selling price (OMSP), is provided for in the Finance Act 1992, section 133. This section provides that the OMSP comprises the price, inclusive of all taxes, duties, enhancements or accessories, that a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Apr 2018)

Paschal Donohoe: As the Deputy may be aware, the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession...

Written Answers — Department of Finance: Home Repossessions (17 Apr 2018)

Paschal Donohoe: The Central Bank started collecting and publishing Mortgage Arrears and Repossession statistics in September 2009 and so it is only possible to provide the figures for repossessions by financial institutions from Q4 2009 onwards.  I have attached a table with the figures requested by the Deputy.  More generally, the latest Residential Mortgage Arrears and Repossessions...

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

Paschal Donohoe: I am advised by The Revenue Commissioners that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, the supply of the rental of a disability aid is considered to be a service of hiring and is liable to VAT at the standard rate, currently 23%. The VAT Directive provides for particular categories of goods...

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

Paschal Donohoe: I wish to advise the Deputy that 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: .

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

Paschal Donohoe: The estimates of fiscal space at the time, as shown in Table 4 of the Summer Economic Statement 2017, include annual contributions of €0.5 billion to the rainy day fund for 2019 - 2021.  These are in row d. These estimates of fiscal space will be updated in the Summer Economic Statement 2018, following the publication of the European Commission's Spring forecasts, when we will...

Written Answers — Department of Finance: EU Regulations (17 Apr 2018)

Paschal Donohoe: Officials in the Department of Finance have referred the Deputy's question to the banks and have received the following responses: AIB: The Mortgage Credit Directive on FX loans states that where a customer is dependent on non-euro income or assets to repay their mortgage, if the rate of exchange deviates by more than 20% from the exchange rate at the time the customer applied for their...

Written Answers — Department of Finance: EU Budget Contribution (17 Apr 2018)

Paschal Donohoe: As the Deputy may be aware, the European Commission is yet to publish its proposal on the post-2020 Multiannual Financial Framework (MFF), which is due to be released in early May. Once the proposal has been published, officials from across all Departments will study it in-detail to assess its implications for Ireland. The MFF will then be subject to intense negotiations over...