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Written Answers — Department of Finance: State Claims Agency Data (11 Jul 2019)

Paschal Donohoe: The content of this response has been advised to me by the State Claims Agency (SCA) on the basis of information extracted from the National Incident Management System. The 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 confirmed that this information is correct as of 30th June 2019 as it covers...

Written Answers — Department of Finance: Pensions Reform (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 156 and 157 together. As you are aware, the Department of Employment Affairs and Social Protection’s (DEASP) A Roadmap for Pensions Reform 2018 – 2023 was published last year. While implementation of the Roadmap is primarily a matter for my colleague, Ms Regina Doherty T.D., the Minister for Employment Affairs and Social Protection and her...

Written Answers — Department of Finance: Cyber Security Protocols (11 Jul 2019)

Paschal Donohoe: In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure and Reform.  My Department implements a multi-layered approach to cyber security and to protecting ICT systems, infrastructures, and services.   On behalf of my...

Written Answers — Department of Finance: Brexit Preparations (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 159, 160, 196, 199, 215 and 216 together. In relation to question 30734and in the context of extensive and detailed Brexit preparedness and contingency work across all Government Departments and Agencies, Revenue determined that in a ‘Central Case’ scenario (i.e. an orderly withdrawal of the UK from the EU, to include a transition period until...

Written Answers — Department of Finance: Living Wage (11 Jul 2019)

Paschal Donohoe: I wish to inform the Deputy that the cost of implementing a living wage of €12.30 per hour for all employees directly employed by my Department would be approximately €82,000 annually. Of the 17 bodies under the aegis of my Department, I am informed that 8 would incur no additional costs by implementing a living wage of €12.30 per hour. These are the Credit Review Office,...

Written Answers — Department of Finance: Apple Escrow Account (11 Jul 2019)

Paschal Donohoe: Notwithstanding the appeal in the Apple State aid case and the difference in view between Ireland and the Commission on the issue, the Government has always stated that it is fully committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland.  The State recovered the alleged State aid from Apple. The total amount lodged to the Escrow...

Written Answers — Department of Finance: Central Bank of Ireland Staff (11 Jul 2019)

Paschal Donohoe: The Central Bank advises me that it currently has 47 open vacancies across the Bank at varying stages of the recruitment process. A full breakdown of the number of vacancies in each functional area is detailed below. The current average time to hire for open roles is 9.6 weeks. Pillar/Directorate Director Head of Division Head of Function Bank Professional 1 Bank Professional 2 Bank...

Written Answers — Department of Finance: Central Bank of Ireland Data (11 Jul 2019)

Paschal Donohoe: It was not possible to provide all of the information sought in the time available and, therefore, I will make arrangements to provide the information in line with Standing Orders. Reports on the Central Bank’s Regulatory Service Standards Performance are published twice a year and are available on the Central Bank website at the link below. The available information...

Written Answers — Department of Finance: Central Bank of Ireland Data (11 Jul 2019)

Paschal Donohoe: I have been advised by the Central Bank that the information sought by the Deputy is published on the Central Bank website at the link below. Reports on the Central Bank’s Regulatory Service Standards Performance are published twice a year and are available at present up to the end of 2018. The information specifically sought by the Deputy is set out...

Written Answers — Department of Finance: Revenue Commissioners Staff (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 166 and 170 together. In the context of Revenue’s vote for 2019, Revenue is at its full complement of staff. Revenue currently has 6,424 FTE serving permanent staff, with an average weekly serving FTE of 6,366 in 2019 to date.  To date in 2019, Revenue has appointed over 600 staff from open and interdepartmental competitions across a range grades...

Written Answers — Department of Finance: Tax Appeals Commission (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 167 and 171 together. In response to Question 30794/19, the following table provides an outline of open roles in the Tax Appeals Commission by functional area and position as at 30 June 2019: Position Current Staff Numbers 30 June 2019 Recommended Staffing Numbers August 2018* Additional Requirements Timeframe for taking on Staff Chairperson 0 1 +1...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Staff (11 Jul 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions.  I have no role in the day to day workings of the office or in the decisions which he takes. The Office of the Financial Services and Pensions Ombudsman (FSPO) was established on 01 January 2018 to resolve complaints from consumers,...

Written Answers — Department of Finance: Central Bank of Ireland Data (11 Jul 2019)

Paschal Donohoe: The Central Bank has provided me with the following information in respect of the number employed by the Central Bank each month since the start of 2016: 2016  DIRECTORATE JAN FTE FEB FTE MAR FTE APRIL FTE MAY FTE JUN FTE JUL FTE AUG FTE SEP FTE OCT FTE NOV FTE DEC FTE ECONOMICS 99.3 98.1 99.1 100.1 102.1 100.1 101.1 100.5 100.5 102.5 100.5 100.5 FINANCIAL OPERATIONS 77.8...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Data (11 Jul 2019)

Paschal Donohoe: Firstly, I must point out that the Financial Services and Pensions Ombudsman (FSPO) is independent in the performance of his statutory functions.  I have no role in the day to day workings of the office or in the decisions which he takes. The Office of the Financial Services and Pensions Ombudsman (FSPO) was established on 01 January 2018 to resolve complaints from consumers,...

Written Answers — Department of Finance: NAMA Operations (11 Jul 2019)

Paschal Donohoe: As part of its Annual Report for 2018, NAMA recently revised its projected surplus to be returned to the State to €4 billion subject to market conditions prevailing. The realisation of this surplus also depends on the success of NAMA’s ongoing deleveraging and completion of its Dublin Docklands SDZ and residential funding programmes. Based on the end 2018 projected surplus...

Written Answers — Department of Finance: Tax Credits (11 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 174 and 175 together. I note that the Deputy previously received a response to these two questions in Parliamentary Questions 54 and 55 of 30 May 2019. No further data has become available in respect of these reliefs since 30 May. I am advised by Revenue that the annual cost of the Research and Development (R&D) tax credit and the number of companies...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jul 2019)

Paschal Donohoe: It is assumed the Deputy is referring to Capital Gains Tax (CGT) Entrepreneurial Relief as provided for in section 597AA of the Taxes Consolidation Act 1997. This provision was introduced in the Finance Act 2015 and provides relief from Capital Gains Tax for individuals disposing of business investments in certain circumstances. Statistics on the numbers availing of the Relief, and the cost...

Written Answers — Department of Finance: Tax Reliefs Costs (11 Jul 2019)

Paschal Donohoe: The following table sets out the Exchequer cost of the Special Assignee Relief Programme (SARP) for each of the years 2012 to 2016. 2012   2013 2014 2015 2016 €0.1 million  €1.9 million €5.9 million €9.5 million  €18.1 million Currently, 2016 is the most recent year for which data are available. For individuals to qualify...

Written Answers — Department of Finance: Tax Deduction Systems (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that the annual costs of the Foreign Earnings Deduction (FED) for 2012 to 2016, the latest year for which figures are currently available, are as follows: 2016 €m 2015 €m 2014 €m 2013 €m 2012  €m 3.5 3.2 1.1 1 0.8 . Revenue further advise me that FED is an allowance applied for by employees...

Written Answers — Department of Finance: Revenue Commissioners (11 Jul 2019)

Paschal Donohoe: I am advised by Revenue that 10 companies granted share options under the Key Employee Engagement Programme (KEEP) to 87 key employees during 2018 (the first year of the scheme). Generally, a key employee must hold the option for 12 months prior to exercise, and, therefore, 2019 will be the earliest date that individuals exercise their options to acquire shares in qualifying companies....

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