Results 4,641-4,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Quinn Insurance Limited (28 Jan 2016)

Michael Noonan: In 2010, Joint Administrators were appointed by the High Court, at the request of the Central Bank of Ireland, because of concerns about the solvency position of Quinn Insurance Limited (QIL). The table below sets out the total fees and costs inclusive of VAT incurred by Grant Thornton as Administrators of QIL for the period 2010 to end-September 2015. All fees paid to Grant...

Written Answers — Department of Finance: Economic Data (28 Jan 2016)

Michael Noonan: Estimates of the output gap set out in Table 11 of the Budgetary documentation point to a positive output gap in the region of 2-2 ½ percent of potential GDP in 2015-2016, with this gap gradually closing over the forecast horizon to 2021. These estimates are based on the harmonised methodology for calculating output gaps commonly agreed at EU level. It is important to...

Written Answers — Department of Finance: Bank Codes of Conduct (28 Jan 2016)

Michael Noonan: I presume that the question refers to measures to encourage or assist customers of Irish banks in moving to other banks. The Deputy will be aware that the Central Bank's Code of Conduct on Current Account Switching came into effect on 1 October 2010. This Code is designed to make the process of switching current accounts easier and quicker and to offer protection and support for...

Written Answers — Department of Finance: Film Industry Tax Reliefs (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' Statistics webpage at: . The Deputy will be aware that the Income Tax scheme for investment in Film was replaced in 2015 by a new scheme of Corporation Tax relief to Film Producer Companies. The new scheme has been in place since January 2015. The operation of the scheme...

Written Answers — Department of Finance: Bank Codes of Conduct (28 Jan 2016)

Michael Noonan: The Deputy will be aware that the Central Bank's Code of Conduct on Mortgage Arrears (CCMA) is a statutory Code issued under Section 117 of the Central Bank Act 1989 and that it applies to all regulated mortgage lenders and credit servicing firms operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence.  The completion of...

Written Answers — Department of Finance: Fuel Laundering (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the number of oil laundries detected and closed down in the period from 2011 to 2014 was 31. Details of those detections, by year and by the counties in which they occurred, are set out in the following table. Year Cavan Donegal Dublin Laois Louth Meath Monaghan Offaly Waterford Totals 2011 0 1 0 0 1 1 6 0 0 9 2012 1 0 0 0 7 0 3 0 0 11 2013...

Written Answers — Department of Finance: Blind Welfare Allowance Eligibility (28 Jan 2016)

Michael Noonan: A blind person who maintains a trained guide dog is allowed a sum of €825 per year in computing the gross eligible health expenses.  This is the equivalent of a tax credit of €165 and is only available in respect of fully trained guide dogs.  The qualification criteria for granting this additional relief is that the individual must be entitled to the Blind Person's Tax...

Written Answers — Department of Finance: Insurance Industry (28 Jan 2016)

Michael Noonan: The liquidation of an insurance company is a legally complex process.  Setanta is a Maltese incorporated company and, therefore, the Setanta liquidation is being carried out under Maltese law.  Progress in the liquidation of Setanta Insurance has been awaiting the outcome of legal proceedings in the case of the Law Society of Ireland versus the Motor Insurers' Bureau of Ireland...

Written Answers — Department of Finance: Pension Provisions (28 Jan 2016)

Michael Noonan: I am informed by the Revenue Commissioners that in relation to what are known as "Trivial Pensions" they allow the payment of once off pensions in certain limited circumstances. If the scheme beneficiary and trustees agree, Revenue will raise no objection to the payment of once off pensions. This may only take place where the total of all funds available for pension benefits, following...

Written Answers — Department of Finance: Research and Development Supports (28 Jan 2016)

Michael Noonan: I assume that the Question relates to the annual Exchequer cost of the Research and Development (R&D) tax credit. I am informed by the Revenue Commissioners that the information is as follows:  Year Exchequer Cost 2011 €261m 2012 €282m 2013 €421m Published statistics in respect of the R&D tax credit are available on the Revenue...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that under the EU VAT Directive (Council Directive 2006/112/EC) and Irish VAT legislation, the full consideration for the supply of all developed residential property is liable to VAT at the rate of 13.5%.  Specifically, Article 73 of the Directive provides that the taxable amount shall include everything which constitutes consideration obtained...

Written Answers — Department of Finance: Consultancy Contracts Data (28 Jan 2016)

Michael Noonan: The information requested by the Deputy is set out below: Name External Consultant Report Cost Year Published Dr Don Thornhill Review of Local Property Tax Nil 2015 Published - October 2015 ESRI Tax breaks and the residential property market €30,677.43 2015 Published - October 2015 IBFD Spillover analysis of the effects of the Irish tax system on the economies of developing...

Written Answers — Department of Finance: Public Inquiries (28 Jan 2016)

Michael Noonan: It has not been possible in the time available to collate all of the information sought by the Deputy. However, the requested information will be collated and forwarded to the Deputy in writing.

Written Answers — Department of Finance: NAMA Operations (28 Jan 2016)

Michael Noonan: A total of six directions, pursuant to Section 14 of the NAMA Act 2009, have been made to the Agency since its inception. One additional function, pursuant to Section 11(3) of the NAMA Act, has been conferred upon NAMA since inception. All directions and statutory instruments issued under the NAMA Act are laid before each House of the...

Written Answers — Department of Finance: Revenue Commissioners Resources (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that expenditure on press-clippings and broadcast monitoring services for each year during the period in question was as follows: Year Expenditure 2011 €53,963 2012 €50,928 2013 €51,855 2014 €54,111 2015 €55,095

Written Answers — Department of Finance: Ministerial Allowances (28 Jan 2016)

Michael Noonan: The information requested by the Deputy is taken from the expenses payment system used by my Department and is outlined in the following tables: Expense Description From To Expense Type Expense Amount (€) Date Paid 2011 Eurogroup & ECOFIN IRELAND BELGIUM Brussels OVERNIGHT RATE 289.33 12-May-2011 Eurogroup & ECOFIN IRELAND BELGIUM Brussels...

Written Answers — Department of Finance: Departmental Expenditure (28 Jan 2016)

Michael Noonan: My Department avails of a service which provides a "pay as you go" facility for the delivery of full text transcripts from a variety of broadcast sources. The information sought by the Deputy is set out in the following table: Year Media clipping and media monitoring services Cost 2011 Provision of transcripts and monitoring licence Zenark Ltd. €6597.50 2012 Provision of...

Written Answers — Department of Finance: Multi-annual Budget Plans (28 Jan 2016)

Michael Noonan: My Department's latest forecasts, which underpin Budget 2016, are set out in the Economic and Fiscal Outlook, published as part of the Budget 2016 documentation. They project GDP growth of 6.2 per in 2015 and 4.3 per cent in 2016, with an average growth rate of around 3 per cent for subsequent years.  The text in the Budget documentation explicitly recognises that...

Written Answers — Department of Finance: Tax Rebates (28 Jan 2016)

Michael Noonan: I have been advised by Revenue that the person concerned has been written to requesting the necessary information to review her tax affairs for 2015. The matter will be considered further by Revenue on receipt of the requested information.

Written Answers — Department of Finance: Departmental Staff Retirements (27 Jan 2016)

Michael Noonan: I wish to inform the Deputy that in respect of my Department there have been no cases made by civil servants who objected to being retired when they reached the age of 65. In respect of bodies under the aegis of my Department details are outlined below. Body Nil reply Not Nil reply with table supplied Comments Appeals Commissioners Nil C&AGs Nil Central Bank...