Results 5,101-5,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (26 Nov 2015)

Michael Noonan: Following the commencement of the relevant section of the National Treasury Management Agency (Amendment) Act 2014 on 22 December 2014 the assets of the National Pensions Reserve Fund (NPRF) became the assets of the Ireland Strategic Investment Fund (ISIF). The National Treasury Management Agency (NTMA) has advised that €7.146 billion represents both the final...

Written Answers — Department of Finance: Carbon Tax Yield (26 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the breakdown for the 2015 forecast for the Carbon Tax levy is shown in the table below. Carbon Tax 2015 €m Auto Diesel 154.31 Petrol 65.11 Aviation Gasoline 0.02 Kerosene 42.46 MGO 54.93 Fuel Oil 1.77 LPG (other) 7.11 Auto LPG 0.18 Natural Gas 51.67 Solid Fuel 37.41 Total 414.96 Please note that the provisional...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears Breaches (26 Nov 2015)

Michael Noonan: I am informed by the Central Bank that it does not publish statistics in relation to the number of complaints against banks for non-compliance with the CCMA. The Central Bank monitors compliance with the statutory consumer protection requirements through its ongoing engagement with firms, reviews and research, themed inspections, mystery shopping, and advertising monitoring.  The Central...

Written Answers — Department of Finance: Banks Recapitalisation (26 Nov 2015)

Michael Noonan: On the 26 February 2013, following a decision by the Cabinet, it was announced that the ELG Scheme would end for new liabilities at midnight on 28 March 2013. Liabilities incurred after January 2010 and before midnight on 28 March 2013 remain covered until their next maturity subject to a maximum term of 5 years (28 March 2018). At the date of ending the Scheme for new liabilities,...

Written Answers — Department of Finance: Tax Credits (26 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the information is as follows: Year Exchequer Cost Number of companies 2011 €261m 1,409 2012 €282m 1,543 2013 €421m 1,576 Published statistics regarding the Research and Development tax credit are available on the Revenue Statistics webpage at .  Information for the tax year 2014 is not yet available as the tax...

Written Answers — Department of Finance: Property Tax Collection (26 Nov 2015)

Michael Noonan: I am advised by Revenue that the €186 'de minimis' weekly welfare payment from the Department of Social Protection (DSP) is enshrined in legislation and any deductions, including deduction of Local Property Tax (LPT), cannot reduce that weekly payment below that amount. For the 2013 LPT half-year almost 14,000 property owners opted to meet their obligations through deduction at...

Written Answers — Department of Finance: Consultancy Contracts Data (26 Nov 2015)

Michael Noonan: The information requested by the Deputy is set out in the table below. Consultant/consultancy firm Description of the work provided Amount  Loman Cusack Design Design and branding work for Living City Initiative €11,667 Arthur Cox Legal advice (restructuring of Irish banking system etc) €754,202 Matheson Legal advice (banking sector/professional fees...

Written Answers — Department of Finance: Departmental Staff Remuneration (26 Nov 2015)

Michael Noonan: The Revenue Commissioners have provided me with the following information in response to the Deputy's question. Table 1: Revenue Commissioners - Current Staff Earnings  Currently Earning €100 - €150 €150 - €200 > €200 Total 22 3 0 The Revenue Commissioners have advised that Revenue staff salaries are paid in accordance with the relevant...

Written Answers — Department of Finance: Departmental Staff Remuneration (26 Nov 2015)

Michael Noonan: The Revenue Commissioners have provided me with the following information in response to the Deputy's question. Table 1: Revenue Commissioners - Staff Earnings at end 2012  2012 Grade Level €100 - €150 €150 - €200 > €200 Secretary General 0 3 0 Assistant Secretary 14 0 0 Principal 58 0 0 Total 72 3 0 The Revenue Commissioners have...

Written Answers — Department of Finance: Departmental Staff Remuneration (26 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they do not have any staff in receipt of retention payments.

Topical Issue Debate: Excise Duties (25 Nov 2015)

Michael Noonan: As I stated, I am aware of the externalities associated with the use of diesel. I have put in place a number of policies to reduce our dependence on diesel as a fuel of business. The use of natural gas as a propellant was provided for in budget 2015 at the minimum excise rate allowable under the EU energy tax directive. This measure will incentivise the largest consumers of diesel, such as...

Topical Issue Debate: Excise Duties (25 Nov 2015)

Michael Noonan: I thank the Deputy for raising this matter this afternoon. As the Minister for Finance, I recognise the negative impact that the combustion of diesel can have. Having said that, Ireland already has one of the highest excise rates on diesel in the European Union at 48 cent per litre. Over the lifetime of this Government, the excise rate on diesel has been increased by 8.5 cent per litre...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I thank the Deputy.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 14:In page 66, line 34, to delete "target company" and substitute "relevant company".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 15:In page 66, line 36, to delete "target company" and substitute "relevant company".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 16:In page 67, lines 16 and 17, to delete "or an interest in a business consisting of the development or letting of land".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 17:In page 68, after line 35, to insert the following:“Amendment of section 542 of Principal Act (time of disposal and acquisition) 37. Section 542 of the Principal Act is amended by inserting the following subsections after subsection (1):“(1A) Notwithstanding subsection (1)(c), the time of the disposal of land which has been compulsorily acquired shall be...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: As discussed on Committee Stage, a working group was established earlier this year, comprising representatives from the Department, the Revenue Commissioners and the Irish Charities Taxation Reform Group, to examine options available to reduce the VAT burden on charities. The report from the group was provided ahead of budget 2016 and is available on the budget 2016 website. The charities...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 7:In page 65, line 24, to delete “one or more” and substitute “all”. Amendments Nos. 7 to 9, inclusive, and amendments Nos. 11 to 16, inclusive, are technical changes to improve the wording of the provision in section 34 of the Bill, as amended on Committee Stage, to ensure they operate as intended. One of the amendments I introduced on...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I agree with the Deputy.