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Wednesday, 13 Jan 2021

Written Answers Nos. 237-261

Tax Code

Questions (237)

Catherine Murphy

Question:

237. Deputy Catherine Murphy asked the Minister for Finance the estimated full year yield from each 1.5% increase in the minimum effective tax rate of persons earning over €150,000 per year. [1182/21]

View answer

Written answers

The High Income Individuals' Restriction (HIIR), provided for in Section 485C of the Taxes Consolidation Act 1997, limits the use of specified reliefs in calculating a taxpayer’s taxable income. The Restriction is designed to ensure an effective rate of 30% where a taxpayer has income of €400,000 or more (adjusted in accordance with the provisions of the Section). The Restriction begins to apply when income is greater than €125,000 and the total of specified reliefs exceeds €80,000.

I am advised by Revenue that taxpayers who were subject to the HIIR in 2018, the latest year for which data are available, with an adjusted income of €400,000 or more, had an effective tax rate (excluding USC) of 29.9%. 

Regarding the Deputy’s Question, I am advised by Revenue that taxpayers who were subject to the HIIR on incomes between €150,000 and €400,000 in 2018 had an effective tax rate (excluding USC) of 23%. A 1.5% increase in this effective rate would yield an estimated €0.8m per year.

I am further advised by Revenue that statistics on the operation of the HIIR are published at link: https://www.revenue.ie/en/corporate/information-about-revenue/research/statistical-reports/high-income-earners-reports.aspx , which may be of interest to the Deputy.

Question No. 238 answered with Question No. 218.

National Debt

Questions (239)

Richard Boyd Barrett

Question:

239. Deputy Richard Boyd Barrett asked the Minister for Finance the proportion of the national debt that is held by Irish bondholders; the proportion held by non-Irish bondholders; and if he will make a statement on the matter. [1251/21]

View answer

Written answers

I am informed by the National Treasury Management Agency that, at end-2020 total Gross National Debt stood at €219.5 billion. The table below details the composition of Ireland’s Gross National Debt at end-December 2020, including that Government bonds accounted for €136.8 billion or 62.3%. This Government bonds figure includes fixed rate treasury bonds, amortising bonds, inflation linked bonds and Floating Rate Notes.

Table 1 - Gross National Debt composition as at 31 December 2020

 

€bn

% of TOTAL

Government Bonds

136.8

62.3

EU & UK Bilateral Loans

41.4

18.9

State Savings Products

18.8

8.6

Short Term Paper

14.0

6.4

Other Medium and Long Term Debt

4.1

1.9

Borrowing from Ministerial Funds

4.3

2.0

TOTAL

219.5

100.0

 Please note that the figures in Table 1 are provisional outturn figures.

The Central Bank of Ireland (CBI) publishes a statistical table on holdings of Irish Government Bonds on a monthly basis (available here: https://www.centralbank.ie/statistics/data-and-analysis/securities-statistics/holdings-of-long-term-irish-government-bonds).

The figures published on the CBI website, at end-November 2020, indicate that Irish Residents held €65.0 billion (nominal value) of Irish Government bonds while Non-Residents held €71.3 billion (nominal value) of Irish government bonds. CBI have indicated that these figures do not include inflation-linked bonds, which were issued as private placements.

Question No. 240 answered with Question No. 230.

Covid-19 Pandemic

Questions (241)

Joe O'Brien

Question:

241. Deputy Joe O'Brien asked the Minister for Finance the measures he is taking to ensure that banks are not implementing unreasonably punitive measures on businesses that are struggling as a result of enforced closure due to the Covid-19 pandemic especially in relation to loan repayments; and if he will make a statement on the matter. [1269/21]

View answer

Written answers

On 18 March last the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the Covid-19 crisis.  The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to three months and then subsequently extended for up to six months. The implementation of this voluntary moratorium by the banking industry was a flexible response to the emerging COVID-19 crisis and ensured that a large volume of affected customers could benefit quickly during a fast moving and evolving public health crisis.

The Deputy may wish to note that borrowers whose payment break has ended are being given an option to return to full repayments based on the same term of the loan or to extend the term of the loan or to engage further with their bank on suitable arrangements. On 30 November last, the BPFI reported that approximately 49% of SMEs returned to repaying on the existing term whilst 46% returned to repaying on extended term basis and just over 5% are not making full repayments.

The Central Bank has confirmed that there is no regulatory impediment to lenders offering payment breaks to borrowers, providing they are appropriate for the individual borrower circumstance.  The BPFI has also reiterated in recent days that standard payment breaks continue to be part of the wide range of tailored solutions which are being made available to customers upon assessment of their situation.

SME borrowers have regulatory protections via the Central Bank's SME lending regulations. The SME Regulations https://centralbank.ie/news/article/regulations-for-firms-lending-to-smes-from-2016 set out the required treatment of SMEs by regulated entities in relation to various aspects of business lending. This includes detailed provisions around the credit application process, requirements regarding security or collateral, credit refusals and withdrawals, handling complaints, managing arrears and having in place policies for engaging with SMEs in financial difficulty. The options could include additional flexibility, and this could be a short-term arrangement such as additional periods without payments or interest-only repayments, or if appropriate more long term arrangements.

In addition, Credit Review https://www.creditreview.ie was established to assist those SMEs and farm borrowers that have had credit applications of up to €3 million refused or indeed an existing credit facility withdrawn or amended by the participating bank. SMEs can apply to Credit Review after exhausting the internal appeals process in the participating institution, which are currently AIB, BOI, Ulster Bank and Permanent TSB.

Through ongoing engagement with the BPFI and lenders, the Central Bank is working to ensure that borrowers affected by COVID-19 continue to be supported through this period of unprecedented stress. The Central Bank recently wrote to all lenders indicating that lenders are to ensure that they have sufficient expert resources to assess individual borrower circumstances, and to offer appropriate and sustainable solutions to affected borrowers in a timely manner in line with regulatory requirements. The Central Bank’s clear expectation is that lenders engage effectively and sympathetically with distressed borrowers.

I will continue to work with the Central Bank, as regulator, to ensure that the Central Bank consumer protection and other applicable frameworks will be fully available to all borrowers that will still need support.

Covid-19 Pandemic Supports

Questions (242)

Joe O'Brien

Question:

242. Deputy Joe O'Brien asked the Minister for Finance his plans to increase the Covid restrictions support scheme limit from €5,000 considering the recent move to level 5 and in view of the fact that the €5,000 limit is not sustainable for many medium sized businesses. [1273/21]

View answer

Written answers

As the Minister will be aware, the CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to businesses who carry on a trade from a business premises located in a region subject to restrictions introduced in line with the Living with Covid-19 Plan. To qualify under the scheme a business must, under specific terms of the Covid restrictions, be required to either prohibit or significantly restrict, customers from accessing their business premises to purchase goods or services, with the result that the business either has to temporarily close or to operate at a significantly reduced level. 

Support provided under CRSS is intended to enable businesses to meet normal fixed costs associated with their business premises such as rent, insurance, utilities and so on, during the period in which they are subject to such restrictions.

Section 485 (7) of the Taxes Consolidation Act 1997 was inserted by the Finance Act 2020 which was signed by the President in December 2020. This provides that the amount of the Covid Restrictions Support Scheme payment in respect of any one business premises will be the lower of

- 10% of turnover up to €20,000 and 5% of turnover over this amount, and

- €5,000 per week.  

This ensures that while any size business may access the scheme, the main beneficiaries of CRSS are SMEs and high turnover/low fixed costs businesses do not disproportionately benefit. I have no plans to amend the scheme.

Questions Nos. 243 and 244 answered with Question No. 218.

Covid-19 Pandemic

Questions (245, 247, 249)

Seán Haughey

Question:

245. Deputy Seán Haughey asked the Minister for Finance if he will intervene with a federation (details supplied) and the five main retail banks to request that flexible arrangements are put in place for borrowers in difficulty with mortgage and loan repayments due to the third wave of the Covid-19 pandemic; if new payment breaks can be put in place; the role of the Central Bank regarding this issue; and if he will make a statement on the matter. [1386/21]

View answer

Michael Healy-Rae

Question:

247. Deputy Michael Healy-Rae asked the Minister for Finance if a new moratorium on mortgages will be instituted (details supplied); and if he will make a statement on the matter. [1454/21]

View answer

Joe O'Brien

Question:

249. Deputy Joe O'Brien asked the Minister for Finance if he has re-engaged with a group (details supplied) in relation to the introduction of a further payment break for borrowers in view of the decision by the European Banking Authority to reactivate its guidelines on legislative and non-legislative moratoria; and if he will make a statement on the matter. [1554/21]

View answer

Written answers

I propose to take Questions Nos. 245, 247 and 249 together.

On 18 March last the Banking and Payments Federation of Ireland (BPFI) announced a coordinated approach by banks and other lenders to help their customers who were economically impacted by the Covid-19 crisis.  The measures included flexible loan repayment arrangements where needed, including loan payment breaks initially for a period up to three months and then subsequently extended for up to six months. The implementation of this voluntary moratorium by the banking industry was a flexible response to the emerging COVID-19 crisis and ensured that a large volume of affected customers could benefit quickly during a fast moving and evolving public health crisis.

While many borrowers whose payment break has ended have been able to return to full payments, it is also recognised that many borrowers continue to be impacted by the economic consequences of Covid-19 and they may not be in a position to resume their loan repayment commitments when their payment break ends or may now be in difficulty for the first time. 

On the question of whether new payment breaks can be put in place, the Central Bank has confirmed that there is no regulatory impediment to lenders offering payment breaks to borrowers, providing they are appropriate for the individual borrower circumstance.  The BPFI has also reiterated in recent days that standard payment breaks continue to be part of the wide range of tailored solutions which are being made available to customers upon assessment of their situation.

Borrowers have a suite of regulatory protections, such as the Central Bank's Code of Conduct on Mortgage Arrears, the Consumer Protection Code and the SME lending regulations, and lenders have specific obligations to support and work with borrowers who are continuing to experience loan difficulty because of Covid-19.  The options could include additional flexibility, and this could be a short term arrangement such as additional periods without payments or interest-only repayments, or if appropriate more long term arrangements.

Through ongoing engagement with the BPFI and lenders, the Central Bank is working to ensure that borrowers affected by COVID-19 continue to be supported through this period of unprecedented stress. The Central Bank recently wrote to all lenders indicating that lenders are to ensure that they have sufficient expert resources to assess individual borrower circumstances, and to offer appropriate and sustainable solutions to affected borrowers in a timely manner in line with regulatory requirements and Central Bank expectations.

I will continue to work with the Central Bank, as regulator, to ensure that the Central Bank consumer protection and other applicable frameworks will be fully available to all borrowers that will still need support.

Value Added Tax

Questions (246)

Michael Ring

Question:

246. Deputy Michael Ring asked the Minister for Finance if an invoice (details supplied) will be accepted to determine the value of a vehicle to calculate the amount of importation VAT; and if he will make a statement on the matter. [1400/21]

View answer

Written answers

I am advised by Revenue that where there is a valid invoice arising from an arms-length transaction, the value on the invoice is acceptable in determining the value of the vehicle for the purposes of calculating import VAT.  The VAT arising will be charged on the purchase price inclusive of all taxes, plus the costs of transport and insurance associated with the importation of the vehicle from Great Britain to Ireland plus any customs duties or other import taxes which may arise on importation. 

Details are published on Revenue’s website at https://www.revenue.ie/en/vat/goods-and-services-to-and-from-abroad/imports/when-is-vat-payable-on-importation.aspx .   

Question No. 247 answered with Question No. 245.

Personal Public Service Numbers

Questions (248)

Pauline Tully

Question:

248. Deputy Pauline Tully asked the Minister for Finance if a bank can insist on a PPS number for a person to open an account; and if he will make a statement on the matter. [1461/21]

View answer

Written answers

I am advised that, section 33 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (“the Act”), sets out obligations in relation to the identification and verification of customers and beneficial owners. Section 33(2) sets out the following measures that shall be applied by designated persons (which include banks and credit unions):

“(a) identifying the customer, and verifying the customer's identity on the basis of documents (whether or not in electronic form), or information, that the designated person has reasonable grounds to believe can be relied upon to confirm the identity of the customer, including -

(i) documents from a government source (whether or not a State government source), or

(ii) any prescribed class of documents, or any prescribed combination of classes of documents;”.

It is important to note that the Act is not overly prescriptive as to what documentation and information a designated person must obtain, or the methods by which such documentation and information should be gathered, in order to comply with its customer due diligence obligations. The Central Bank, which is the supervisor of banks for Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) purposes, also does not prescribe which documents or information may be accepted by a credit institution in compliance with the Act.  This reflects the risk based approach to AML compliance and supervision which is enshrined in EU law, and which allows a credit institution to decide which documents or information it will accept to identity and verify a customer, having first assessed the risks posed to the credit institution in accepting such person as a customer.

In relation to applications for credit, the Credit Reporting Act 2013 requires credit information providers (which also includes banks and credit unions) to verify the identity of credit information subjects for the purposes of accurately accessing the central credit register. The information which may be legally requested for this purpose is set out in regulations under that Act and it includes documentation which will verify the person's name and date of birth, address and PPSN. 

I am advised by the Minister for Social protection that the legal basis of the PPS number is set out in the Social Welfare (Consolidation) Act 2005. This legislation provides for the allocation, use and sharing of the PPS number.  The PPS number remains a restricted number which can only be used by certain specified bodies and only for the purposes of public service transactions.

It is an offence for any person or body to request or hold a record of a PPS number unless they are legally entitled to so. Therefore it is the duty of all bodies to ensure that they are legally entitled to do so, before they request or hold a record of any person's PPS Number.

More generally, the provisions of data protection legislation, including the GDPR, will apply and banks and other financial institutions like all other relevant data controllers will also have to comply with these provisions.

Question No. 249 answered with Question No. 245.

Departmental Staff

Questions (250)

Noel Grealish

Question:

250. Deputy Noel Grealish asked the Minister for Finance the names and positions of the individual departmental representatives on the Inter-Departmental Pensions Reform and Taxation Group; and if he will make a statement on the matter. [1617/21]

View answer

Written answers

The Interdepartmental Pensions Reform and Taxation Group (IDPRTG) was established as an action arising from the Governments Roadmap for Pensions Reform 2018 - 2023, to consider, review and progress measures in a number of specific pension areas as set out in the Roadmap.

The IDPRTG is chaired by the Department of Finance and includes representatives from the Revenue Commissioners, Department of Social Protection, Department of Public Expenditure and Reform, and the Pensions Authority. 

Members of the IDPRTG include:

Department of Finance - Michael J McGrath, Assistant Secretary, Financial Service Division, who chairs the Group; Brendan O'Leary, Principal Officer, Insurance and Pensions Policy.

Revenue Commissioners - Laurence Murtagh, Principal Officer, Large Cases - High Wealth Individuals Division; and Liam Smith, Principal Officer, Personal Taxes Policy & Legislation Division.

Department of Social Protection - Alan Flynn, Principal Officer, Pension Policy Unit; and Roshin Sen, Principal Officer, Automatic Enrolment Programme Management Office.

Department of Public Expenditure and Reform - John Pender, Principal Officer, Actuarial and Quantitative Analysis.

Pensions Authority - Brendan Kennedy, Chief Executive & Pensions Regulator; and Andrew Nugent, Head of Policy.

The Secretariat to the Group was provided by the Pensions Policy Unit from the Financial Services Division of the Department of Finance. 

Following submission of the IDPRTG report to me, it was published on 13 November 2020. The Group thoroughly examined each of the key action areas allocated by the Roadmap and its report presents a number of relevant and practical recommendations which should help advance the goal of simplifying the supplementary pension landscape. As such, the conclusions in the report represent a building block for a significant piece of long-term structural reform in the area of supplementary pension provision.  An implementation plan is currently being developed, including further stakeholder engagement, where appropriate.

Covid-19 Pandemic Supports

Questions (251, 254)

Gerald Nash

Question:

251. Deputy Ged Nash asked the Minister for Finance the total tax liability outstanding for the temporary wage subsidy scheme; and if he will make a statement on the matter. [1645/21]

View answer

Marian Harkin

Question:

254. Deputy Marian Harkin asked the Minister for Finance the number of persons who accessed the temporary wage subsidy scheme and employment wage subsidy scheme during 2020. [1727/21]

View answer

Written answers

I propose to take Questions Nos. 251 and 254 together.

Revenue has recently published its Headline Results for 2020, which are available at link https://www.revenue.ie/en/corporate/press-office/annual-report/2020/headline-results-2020.pdf. The published information includes the numbers of employers and employees supported through the Temporary Wage Subsidy Scheme (TWSS) and the Employment Wage Subsidy Scheme (EWSS) during 2020.

For 2020, the number of employers and employees supported by the TWSS were 66,600 and 664,500. The number of employers and employees supported by the EWSS in 2020 were 39,800 and 443,100 respectively.

Revenue also publishes weekly updates (since March 2020) with further detail on the operation of the COVID-19 support schemes including TWSS, EWSS and the COVID Restrictions Support Scheme (CRSS), which are available at: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/number-of-taxpayers-and-returns/covid-19-support-schemes-statistics.aspx .

I am advised by Revenue that it is not yet possible to calculate the exact amount of tax and USC owed by employees on both the Temporary Wage Subsidy Scheme and the Pandemic Unemployment Payment (in the case of the PUP, the liability relates to income tax only; no USC liability arises). However, Revenue has advised me that it expects to publish preliminary statistics in the coming days, setting out provisional figures.

Revenue has also advised me that it will make 2020 Preliminary End of Year Statements available to all employees from 15 January 2021. This Statement will provide employees with a preliminary calculation of their income tax and USC position for 2020 and will indicate whether their tax for the year is balanced, underpaid or overpaid. At that point, employees will be able to claim any additional tax credits due, for example qualifying health expenses, to arrive at their final liability for 2020.

Revenue has assured me that where underpayments still exist after the allocation of all available tax credits for 2020, it will take a very pragmatic approach to collecting these arrears. For example, where it is not possible for a taxpayer to pay the arrears up-front, it will be automatically collected over four years from January 2022 (interest free) by reducing the person’s future tax credits.

Primary Medical Certificates

Questions (252, 253)

Denis Naughten

Question:

252. Deputy Denis Naughten asked the Minister for Finance further to Parliamentary Question No. 264 of 24 November 2020, the reason a review was requested; and if he will make a statement on the matter. [1655/21]

View answer

Denis Naughten

Question:

253. Deputy Denis Naughten asked the Minister for Finance the number of reviews of primary medical certificates requested by the Revenue Commissioners in 2018, 2019 and 2020; the number of reviews which resulted in the removal of primary medical certificates in each year; the reason such reviews are requested; and if he will make a statement on the matter. [1656/21]

View answer

Written answers

I propose to take Questions Nos. 252 and 253 together.

As advised to the Deputy in my previous replies on this issue, Revenue routinely reviews the tax affairs of persons in receipt of tax reliefs, including those who avail of the Disabled Drivers and Passengers scheme. These reviews generally include analysis of tax return data, information sourced during outdoor compliance work and information received from 3rd party sources. Where risks are identified, Revenue follows up with the taxpayer or with any relevant agency as necessary.  

The risk identified in the case in question arose from enquiries by one of Revenue’s outdoor teams (Shadow Economy) and the person’s case was subsequently referred to the Disabled Drivers Medical Board of Appeal to confirm that he was correctly entitled to a Primary Medical Certificate, which is a qualifying condition of the scheme. The Board of Appeal reviewed the person’s case and advised Revenue that he was not entitled to a PMC. Consequently, their entitlement to tax relief under the Disabled Drivers and Passengers scheme was withdrawn from 12 March 2020.   

Regarding Question No. 1656/21, I am advised that the table below sets out the numbers of requests submitted by Revenue to the Disabled Drivers Medical Board of Appeal to have entitlement to a PMC confirmed for the years 2017 to 2020, following the completion of case reviews.  

Year

PMC Reviews   Requested

 

PMCs Withdrawn

2020

1

Decision Pending

2019

2

2

2018

0

0

2017

2

1

Totals

5

3

Question No. 254 answered with Question No. 251.

Covid-19 Pandemic

Questions (255, 256)

John Brady

Question:

255. Deputy John Brady asked the Minister for Finance his plans to either suspend or provide some form of relief on benefit-in-kind taxation on company cars given that a person with a company vehicle is liable to pay a considerable amount of tax due to not meeting business mileage quotas due to the impact of Covid-19; and if he will make a statement on the matter. [1751/21]

View answer

Pádraig O'Sullivan

Question:

256. Deputy Pádraig O'Sullivan asked the Minister for Finance if benefit-in-kind car exemptions and concessions will be extended (details supplied) in view of Covid-19 level 5 restrictions; and if he will make a statement on the matter. [1755/21]

View answer

Written answers

I propose to take Questions Nos. 255 and 256 together.

In March 2020 Revenue introduced a short-term concessionary measure in relation to the operation of benefit-in-kind (BIK) on employer-provided vehicles having regard to the unprecedented situation arising as a result of the COVID-19 pandemic.  

The concessionary treatment applicable to BIK on employer-provided vehicles, along with all other COVID-19 related measures, is kept under regular review by Revenue. In early December 2020, and as the public health restriction at the time began to ease and businesses reopen, Revenue confirmed that the concessionary measure related to employer-provided vehicles would cease to apply on 31 December 2020 and, with effect from 1 January 2021, BIK on same should be calculated in the usual manner.  

However, since then, Level 5 public health restrictions have been subsequently introduced. On 24 December 2020, all restaurants, cafés and gastro pubs as well as personal services, such as hairdressers, beauticians and barbers closed, while hotels, guesthouses and B&Bs remain open but are restricted to essential non-social and non-tourist services only. Additionally, on 31 December all non-essential retail as well as gyms, leisure centres and swimming pools closed. For employees, the public health advice is to work from home in all instances unless work is an essential health, social care or other essential service that cannot be done from home. 

Having regard to the current public health restrictions, the short-term concessionary measures announced back in March will remain in place. This means that, for the time being:  

- Where an employer takes back possession of the vehicle and an employee has no access to the vehicle, no BIK shall apply for the period. 

- Where an employee retains possession of a vehicle, but the employer prohibits the use of the vehicle, no BIK shall apply if the vehicle is not used for private use.  

- Records should be maintained to show that the employer has prohibited its use and no such use has occurred, for example communication from employer, photographic evidence of odometer, etc.  

- Where an employee has a car provided by his or her employer and 

1. the circumstances in the previous example don’t apply,

2. limited or reduced business mileage (if any) is undertaken due to the COVID-19 crisis, and

3. personal use is limited

the amount of business mileage travelled in January 2020 may be used as a base month for the purposes of calculating the amount of BIK due. Thus, the percentage applied in the calculation of the cash equivalent, which is based on annualised business mileage, may have regard to the actual business mileage for January 2020, for the current period of the COVID-19 restrictions. Appropriate records should be kept, for example business mileage travelled in January, amount of private use, photographic evidence of odometer etc. 

Revenue’s website will shortly be updated accordingly. 

Due to the nature of the Covid-19 pandemic it is not known how long any COVID-19 restrictions will ultimately remain in place. Revenue will however continue to regularly review all COVID-19 related matters (including the provisions relating to BIK on employer-provided vehicles) and if any further measures are considered necessary in the future, updated guidance will be made available by Revenue in relation to same as soon as possible.

Question No. 257 answered with Question No. 218.

National Treasury Management Agency

Questions (258, 261, 263)

Catherine Murphy

Question:

258. Deputy Catherine Murphy asked the Minister for Finance the number of staff at the National Treasury Management Agency excluding the National Asset Management Agency that received pay in 2020 including retention payments and other benefits by range (details supplied); the number employed by the National Treasury Management Agency at the end of 2019 and 2020, respectively; and if he will make a statement on the matter. [1916/21]

View answer

Catherine Murphy

Question:

261. Deputy Catherine Murphy asked the Minister for Finance the amount paid out by the National Treasury Management Agency in voluntary redundancy payments in 2020; the number of staff that took voluntary redundancy in 2020; and if he will make a statement on the matter. [1919/21]

View answer

Catherine Murphy

Question:

263. Deputy Catherine Murphy asked the Minister for Finance the amount paid out in gardening leave by NTMA in 2020; and the number to receive gardening leave payments in 2021. [1921/21]

View answer

Written answers

I propose to take Questions Nos. 258, 261 and 263 together.

It was not possible for the National Treasury Management Agency to provide the information sought in the time available and, therefore, I will provide the information to the Deputy in line with Standing Orders.

National Treasury Management Agency

Questions (259)

Catherine Murphy

Question:

259. Deputy Catherine Murphy asked the Minister for Finance the number of staff at the National Asset Management Agency that received pay in 2020 by salary range (details supplied); the number employed by the agency at the end of 2019 and 2020, respectively; and if he will make a statement on the matter. [1917/21]

View answer

Written answers

I am advised by NAMA that they were not in a position to finalise the information requested within the timeframe provided. I am further advised that they are currently compiling the information and I will provide this information directly to the Deputy once it is received from NAMA.

National Asset Management Agency

Questions (260)

Catherine Murphy

Question:

260. Deputy Catherine Murphy asked the Minister for Finance the amount paid out by the National Asset Management Agency in voluntary redundancy payments in 2020; the number of staff that took voluntary redundancy in 2020; and if he will make a statement on the matter. [1918/21]

View answer

Written answers

I am advised by NAMA that they are currently compiling the information as requested by the Deputy. Unfortunately they were not in a position to finalise the information within the timeframe provided, therefore I will provide this information directly to the Deputy once it is received from NAMA.

Question No. 261 answered with Question No. 258.
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