Results 4,921-4,940 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Living Wage (17 Dec 2015)

Michael Noonan: I wish to advise the Deputy that based on the gross hours per week of 43.25 hours 16 of my staff are currently earning less than €11.50 an hour. If these salaries were raised to a minimum threshold of €11.50 an hour then the total additional cost to my Department per annum would be €62,670.63. In relation to employees employed in agencies funded by my Department,...

Written Answers — Department of Finance: Black Economy (17 Dec 2015)

Michael Noonan: Individuals and businesses that operate within the shadow economy gain an unfair competitive advantage compared to legitimate, tax compliant businesses and deprive the Exchequer of much needed revenues.  The Deputy will be aware that I have introduced a number of legislative measures in recent years aimed at countering the effects of shadow economy activity.  These include: - the...

Written Answers — Department of Finance: Tax Credits (17 Dec 2015)

Michael Noonan: As the Deputy will be aware, the Earned Income Credit (EIC) of €550 for self-employed persons introduced in Budget 2016 will be available to an estimated 111,600 persons.  The EIC is available to taxpayers with active self-employed trading or professional income, and to business owner-managers who do not have access to the PAYE credit on salary income from their business.  ...

Written Answers — Department of Finance: Tax Code (17 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated annual duty from online betting at the rates quoted is as outlined in the table. The deputy will be aware that the provision only commenced in August 2015, so full year amounts are still estimated. Rate €m 1.5% 27 2.0% 36 2.5% 45

Written Answers — Department of Finance: Tax Credits (16 Dec 2015)

Michael Noonan: I propose to take Questions Nos. 61 and 64 together. I am assuming that the Deputy is referring to the tax liability that arises on an individual who receives maintenance payments and is taxable on that income compared to the tax liability that arises on an individual whose income, under the Tax Acts, includes earned income. In determining the amount of income tax payable on an individual's...

Written Answers — Department of Finance: Tax Collection (16 Dec 2015)

Michael Noonan: It would seem that the Deputy has a specific case in mind as regards the circumstances outlined in his Question. I am advised by Revenue that without more detailed information on the particular case, it is not possible to fully consider the assertions made by the Deputy and therefore to enable me to provide a more comprehensive reply. If the Deputy wishes to provide more specific...

Written Answers — Department of Finance: Credit Availability (16 Dec 2015)

Michael Noonan: As the Deputy is aware, the Government recognises that small businesses, including those in the hotel and catering sector, play a central role in the sustainable recovery of the Irish economy. To facilitate this, Government policy since 2011 has been focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and...

Written Answers — Department of Finance: Customs and Excise Controls (16 Dec 2015)

Michael Noonan: The responsibilities of customs officials at ports and airports are concerned with goods and persons entering or leaving the State.  Aircraft which land solely for the purpose of refuelling are not involved in importing or exporting goods to or from Ireland, and so are not subject to customs controls.  Thus there is no customs requirement for a declaration regarding passengers,...

Written Answers — Department of Finance: Insurance Industry Regulation (16 Dec 2015)

Michael Noonan: I am aware of the difficulties that the absence of flood insurance cover can cause to householders and businesses. However, the provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Dec 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) has provided the following table which provides preliminary and unaudited data as at 30 September 2015.  The summary data are published on a quarterly basis on ISIF's website and a detailed listing of investments is published annually in the NTMA's Annual Report. 30/09/2015 Total ISIF Commitment (€m) 3 Party...

Written Answers — Department of Finance: Tax Data (16 Dec 2015)

Michael Noonan: The Relevant Contracts Tax (RCT) system is a tax deduction at source system that is applied by a principal contractor on payments due to a subcontractor under a relevant contract. All payments are reported to Revenue, and in a minority of cases (based on risk criteria), a percentage of the payment due is withheld and paid over to Revenue, to be offset against the subcontractor's liability for...

Written Answers — Department of Finance: Tax Code (16 Dec 2015)

Michael Noonan: Persons to whom the RCT system applies are either principal contractors or subcontractorsthe RCT system does not apply in respect of employees. The concept of 'RCT1 taxpayer' as referenced by the Deputy does not exist. The figure of 34,000 referred to in the Question relates to the approximately 34,000 subcontractors active in the RCT system. The figure of 75,386 referred to in the Question...

Written Answers — Department of Finance: Flood Risk Insurance Cover (15 Dec 2015)

Michael Noonan: I am very much aware of the difficulties that the absence of flood insurance cover can cause to householders and businesses. However, neither I nor the Central Bank of Ireland, have the power to direct insurance companies to provide flood cover to specific individuals. With this in mind, the Government's strategy on insurance and flooding is focused on ways to...

Written Answers — Department of Finance: NAMA Social Housing Provision (15 Dec 2015)

Michael Noonan: I would refer the Deputy to my response to Parliamentary Question 72 of 10th December 2015, among others, on the same topic. In that response,  I pointed out that NAMA  is not a property developer. NAMA's role is, like the owner of any non-performing loan, that of a secured lender which makes a commercial decision to advance funding to maximise its...

Written Answers — Department of Finance: Tax Code (15 Dec 2015)

Michael Noonan: The levels of discretionary revenue measures for the period 2015 to 2021 are set out in Table A6 on page C.49 of the Budget 2016 book. A breakdown of measures for the period 2017 - 2021 is set out in the following table. Discretionary revenue Measures 2017 2018 2019 2020 2021 € billion Carryover of Budget 2016 measures -0.30 Carryover of 2016 non-indexation of Tax system...

Written Answers — Department of Finance: Departmental Staff Data (15 Dec 2015)

Michael Noonan: I wish to inform the Deputy that my Department is committed to the Civil Service Workforce Planning process, has a robust Recruitment and Selection policy which feeds into an ongoing Resource Review conducted and directed by the Executive Board. This process identifies on a case by case basis, both current and upcoming resource requirements in my Department. As part of the workforce...

Written Answers — Department of Finance: Central Bank of Ireland Staff (15 Dec 2015)

Michael Noonan: The Central Bank has provided me with the below information about 56 vacancies that exist in the organisation. This would translate into an overall vacancy rate at the Bank of approximately 3% of its total staff complement. Directorate Competition Name Campaign Open Since: No. of Roles: Time Open (weeks): Credit Institutions Supervision Senior Supervisor 03/11/2015 1 5.3 Head of Banking...

Written Answers — Department of Finance: Credit Unions Regulation (15 Dec 2015)

Michael Noonan: The Credit Union and Co-operation with Overseas Regulators Act 2012 (2012 Act) was signed into law by the President in December 2012. It was agreed at that time that it would be neither practical nor feasible to commence the 2012 Act in its entirety in one fell swoop. Following on from that, an implementation timetable for the 2012 Act was devised in consultation with...

Written Answers — Department of Finance: Departmental Bodies Expenditure (15 Dec 2015)

Michael Noonan: In response to the Deputy's query I would like to advise that as the Office of Public Works manages and maintains the State's property portfolio the Minister with responsibility for the Office of Public Works is better placed to advise you on ground rents paid with respect to all properties managed by that Office. My Department and certain bodies under...

Written Answers — Department of Finance: Tax Reliefs Data (15 Dec 2015)

Michael Noonan: I am informed by the Revenue Commissioners that, due to their obligation to observe the confidentiality of taxpayers' information and the low numbers availing of this scheme, it is not possible to provide the information requested by the Deputy on a county by county basis. However, to provide some indication of the distribution of the scheme, the Deputy may be interested in the indicative...