Written answers
Tuesday, 16 October 2012
Department of Finance
Departmental Banking
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he will provide, in tabular form if possible, a list of the bank accounts used by his Department and separately any agencies within the remit of his Department; the purpose of each bank account and the financial institution the bank account is with; the total amount of any interest charged or bank fees incurred by his Department and separately by each agency in 2011 and anticipated figure for 2012; the percentage of payments issued by his Department and each agency which are issued electronically and if the Department agency has any special arrangement in place on the issue of bank charges and fees; and if he will make a statement on the matter. [44849/12]
Michael Noonan (Limerick City, Fine Gael)
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The information requested by the Deputy is contained in the table that follows this reply. My Department is a shared services provider and acts as agent for a number of other Government Departments/Offices in the making of payroll, pensions and general payments. Bank charges are one of the factors in decisions on the selection of new bank accounts following tendering processes. In many cases, interest charges do not arise for the Office of the Revenue Commissioners. Over 99% of payments issued by my Department are in electronic form. In the case of the Revenue Commissioners, 98% of payments are electronic and the figure is 100% for the Office of the Comptroller and Auditor General.
| Department/Agency | Financial institution | Purpose of account | Fees 2011 | Fees 2012 (est.) |
|---|---|---|---|---|
| Department of Finance | Danske Bank (NIB) | Public bank account for payment of invoices to suppliers and expenses to staff | €429.30 | €374.00 |
| B.O.I. | Public bank accounts for the payment of salaries to staff members | €2,045.39 | €2,600.00 | |
| Central Bank | The PMG Supply Account is the Account through which Government voted expenditure is transacted | |||
| Central Bank | The Exchequer Account is an Account for all payments and receipts of Government unless otherwise provided by law | |||
| Revenue Commissioners | A.I.B. | a/c for receipt of EFT payments | ||
| A.I.B. | Daily lodgements. | €145,807.25 | €90,250.10 | |
| A.I.B. | Receipt of EFT payments & lodgements | |||
| A.I.B. | a/c for receipt of ROS payments | €20,300.93 | €21,131.81 | |
| A.I.B. | EFT payments to suppliers | |||
| A.I.B. | EFT T&S payments to staff | |||
| A.I.B. | EFT PAYE repayments to taxpayers | |||
| A.I.B. | a/c for CAT receipts from devolved offices | |||
| A.I.B. | EFT Repayments for VAT International Claims | |||
| A.I.B. | EFT ITP Repayments for STAMPS | |||
| A.I.B. | EFT Repayments for CPS International Claims | |||
| A.I.B. | CAT receipts | |||
| B.N.P. | a/c for receipt of ROS payments | |||
| B.O.I | Payment of Salary and O/T by Paypath | |||
| B.O.I. | Vote Cashier. | |||
| B.O.I. | Vote Cashier. | |||
| B.O.I. | receipt of ce eft payments | |||
| B.O.I. | Repayments of V.A.T. by electronic fund transfer. | |||
| B.O.I. | Payment of Taxes by Direct Debit | |||
| B.O.I. | Payment of Taxes by Direct Debit | |||
| B.O.I. | Payment of Taxes by Direct Debit | |||
| B.O.I. | UNPAIDS Relating to Giro/Direct Debit a/c's | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Payment of Taxes By GIRO | |||
| B.O.I. | Holding a/c for Funds seized by the CNDT | |||
| B.O.I. | AUTOMATED ENTRY PROCESSING | |||
| B.O.I. | Receipt of C&E lodgements | |||
| B.O.I. | Receipt of C&E lodgements | |||
| B.O.I. | Receipt of LPA Stamp Duty Payments | |||
| B.O.I. | Receipt of C&E lodgements | |||
| B.O.I. | Receipt of EFT Stamp Duty Payments | |||
| B.O.I. | Receipt of C&E lodgements | |||
| B.O.I. | Receipt of C&E lodgements | €3,835.80 | ||
| B.O.I. | Receipt of ROS payments | €4,438.89 | €90,054.10 | |
| B.O.I. | Collection of TRS overpayments by EFT. | |||
| B.O.I. | C.T. Repayments by electronic fund transfer. | |||
| B.O.I. | a/c for payment of TRS Mortgage | |||
| B.O.I. | Holding A/c for funding TRS Rev66 | |||
| B.O.I. | Holding A/c for funding TRS Rev71 | |||
| B.O.I. | Lodgements in respect of Bogus non-resident accounts - Stage 2. | |||
| B.O.I. | Lodgements in relation to Offshore Assets Group | |||
| B.O.I. | Lodgements in connection with Single Premium Life Insurance Investigation | |||
| B.O.I. | Lodgements iro of Offshore/Ansbacher investigations | |||
| B.O.I. | repayment of stamp duty | |||
| B.O.I. | repayment of stamp duty | |||
| B.O.I. | Lodgements iro deposits > €E00,000 | |||
| B.O.I. | Repayment of PAYE | |||
| B.O.I. | Funding of PAYE | |||
| B.O.I. | Repayment of Assessed Taxes | |||
| B.O.I. | Funding of Assessed Taxes | |||
| B.O.I. | Repayment of Non ITS Taxes | |||
| B.O.I. | Funding of Non ITS Taxes | |||
| B.O.I. | EFT Repayment of CPS Domestic Claims | |||
| B.O.I. | Misc. Head Office Receipts | |||
| B.O.I. | EFT Repayments for CAT | |||
| B.O.I. | Receipt of C&E lodgements | |||
| B.O.I. | Receipt of tax payments by credit card over the phone | €404.26 | €40,755.24 | |
| Central Bank | Holding a/c for Exchequer Transfers, Funding of A.G.'s and C.G.'s Drawing a/c's | |||
| Central Bank | Lodgement of Unallocated Taxes | |||
| Central Bank | Lodgement of Unallocated Taxes | |||
| Central Bank | For receipt of ROS lodgements prior to lodging to Revenue General a/c | |||
| Central Bank | Receipts of EU VAT from traders & payover relevant portions to EU OMS | |||
| Central Bank | Receipts of EU VAT from EU OMS | |||
| Central Bank | Receipts of SEA Customs from traders & payover relevant portions to EU OMS | |||
| Central Bank | Receipts of SEA Customs from EU OMS | |||
| Central Bank | Receipt of witholding tax from some EU states and Associated Territories | |||
| Central Bank | Exchequer funding account | |||
| Comptroller and Auditor General | B.O. I. | Normal business account to meet the expenditure of the Office | €1,900.00 | €2,000.00 |
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