Results 5,161-5,180 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Licensed Moneylenders (24 Nov 2015)

Michael Noonan: I have been advised by the Central Bank that a licensed moneylender carries on the business of moneylending under the specific terms of the license granted by the Central Bank. Customers of licensed moneylenders are protected by a range of provisions that moneylenders must adhere to, including but not limited to, the Consumer Protection Code for Licensed Moneylenders, the European...

Written Answers — Department of Finance: Universal Social Charge Application (24 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they have reviewed the liability of the person concerned to Universal Social Charge (USC) having regard to the circumstances of the person as known to them. I am further advised by Revenue that it would appear that the person concerned is paying the correct amount of USC. The person concerned can request a review of his tax liability for...

Written Answers — Department of Finance: IBRC Operations (24 Nov 2015)

Michael Noonan: Neither I nor the Special Liquidators of IBRC are in a position to comment on the intentions or subsequent actions of third party purchasers (or the safeguards they have employed) once they have purchased loan assets from IBRC. Furthermore, I have no legal basis to place restrictions on any business or employment interests of former employees or directors of IBRC.

Written Answers — Department of Finance: Small and Medium Enterprises Supports (24 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 162 and 164 together. The Action Plan for Jobs 2015 contains a commitment to increase engagement with the EIF in developing and implementing mechanisms designed to maximise the provision of enhanced financing to SMEs. I understand that the Department of Jobs, Enterprise and Innovation as the lead Department responsible for the Action Plan for Jobs (and...

Written Answers — Department of Finance: Tax Yield (24 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the Mineral Oil Tax (MOT) and VAT content of a litre of petrol and diesel, based on current average prices, are shown in the table below. Commodity Price per Litre Mineral Oil Tax Content VAT Content Total Tax Content (1 Litre) (Cent) (Cent) (Cent) (Cent) Petrol 130.9 58.771 24.477 83.248 Diesel 119.9 47.902 22.420 70.322 The Deputy may be...

Written Answers — Department of Finance: Corporation Tax (24 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 165 and 166 together. I am informed by the Revenue Commissioners that the numbers of companies with a corporation tax payment within the bands requested in 2014, the latest full calendar year for complete data are available, are as set out in the table below. The Deputy should note that the table only includes companies that made a tax payment in respect of...

Written Answers — Department of Finance: Government Expenditure (24 Nov 2015)

Michael Noonan: Non-voted expenditure is sometimes referred to as central fund expenditure and includes such items as debt servicing costs, EU budget contributions, Judges' pay, the Houses of the Oireachtas Commission and the Irish Fiscal Advisory Council.  Non-voted means that the Dáil has already agreed that the expenditure can be made without being voted annually in the Estimates process. ...

Written Answers — Department of Finance: Tax Credits (24 Nov 2015)

Michael Noonan: There were no changes made to tax credits in Budget 2015. However the USC rates and thresholds were changed for 2015. I am advised by the Revenue Commissioners that, having regard to the circumstances of the person concerned, as known to them, the USC payable would have been expected to reduce by approximately €9 per month, as compared to 2014. The person concerned can request a...

Written Answers — Department of Finance: National Treasury Management Agency (24 Nov 2015)

Michael Noonan: In 1991, 2007 and 2012, the Agency entered into lease agreements of varying duration until 2017, 2026 & 2027, in respect of office accommodation at Treasury Building, Grand Canal Street, Dublin 2.  The gross annual rental cost under these operating leases is €2.8 million excluding a reverse premium of €0.5 million per annum. The rent, payable quarterly is paid...

Written Answers — Department of Finance: NAMA Staff Data (24 Nov 2015)

Michael Noonan: All NAMA staff are employees of the NTMA and under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. Staff numbers assigned to NAMA from 2010 to 2015 are contained in the table below.  These figures represent the number of staff employed at the end of the relevant period. Year  Number of staff End of 2010 100 End of 2011 193 End of...

Written Answers — Department of Finance: Banking Operations (24 Nov 2015)

Michael Noonan: I do not believe there is any contradiction between AIB's reply at the Oireachtas Joint Committee on Finance, Public Expenditure and Reform on 22 April 2015 and the information supplied by AIB in relation to Parliamentary Question Number 215 on 17 November 2015. AIB have confirmed to my Department that there has been no change in its policy with regard to sitting...

Written Answers — Department of Finance: Property Tax Yield (24 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Specifically, the available LPT information including LPT collected by Local Authority, are available at . Updates will be published in due course for final 2015 collection. LPT receipts are paid into the Exchequer and are then...

Written Answers — Department of Finance: Electric Vehicles (19 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the number of electric cars registered in each year from 2010 to 2014 and January to October 2015 is as outlined in the following table. Year New Used 2010 19 0 2011 56 1 2012 139 2 2013 46 14 2014 218 52 Jan to Oct 2015 454 85

Written Answers — Department of Finance: Income Data (19 Nov 2015)

Michael Noonan: In line with the projected pickup in economic activity over the medium term horizon, improvements in income are expected. In relation to labour income, projections underpinning Budget 2016 indicate that on a whole-economy basis average wage rates are expected to grow by an average of 2.5 per cent per annum over the period to 2020. This increase is driven by positive contributions from both...

Written Answers — Department of Finance: Banking Sector (19 Nov 2015)

Michael Noonan: The banks in which the State has a shareholding all include the cost of the Financial Advice Scheme as part of the wider costs of addressing mortgages in arrears. They do not disclose the cost of the scheme separately from Operating Costs, as listed in their respective financial reports. For further information on the implementation of the scheme the Deputy may wish to consult with the...

Written Answers — Department of Finance: Mortgage Interest Relief Application (19 Nov 2015)

Michael Noonan: As the Deputy will be aware, an overall package of measures has been agreed by Government in relation to the rental sector. As part of that package, an amendment to the tax code is to be introduced that will allow an increase in the deduction available to landlords in respect of interest paid on qualifying loans when calculating rental profits.  In general, a landlord is...

Written Answers — Department of Finance: Tax Compliance (19 Nov 2015)

Michael Noonan: The operation of Relevant Contracts Tax, and the electronic Relevant Contracts Tax (eRCT) system that underpins it, is a matter in the first instance, for the Revenue Commissioners. The Deputy will be aware that - (a) the eRCT system of tax deduction at source applies to payments made by principal contractors to sub-contractors; and (b) the PAYE system of tax deduction at source applies to...

Written Answers — Department of Finance: Banking Sector Regulation (19 Nov 2015)

Michael Noonan: I take it that the Deputy is referring to the Financial Stability Board's (FSB) Global Shadow Banking Monitoring Report which was published on 12 November, 2015. This report presents the results of the fifth annual monitoring exercise using data as of end 2014 for 26 jurisdictions - including Ireland for the first time - as a specific, detailed case study.  I welcome...

Written Answers — Department of Finance: Pensions Levy (19 Nov 2015)

Michael Noonan: The Deputy is referring to the stamp duty levies applying to the assets of funded pension arrangements introduced in 2011 to pay for the Jobs Initiative, the chargeable persons for which are the trustees of pension schemes and others responsible for the management of pension fund assets. The original 0.6% stamp duty levy on pension fund assets ended last year. The additional levy of 0.15%...

Written Answers — Department of Finance: Mortgage to Rent Scheme Data (19 Nov 2015)

Michael Noonan: The following is a breakdown of properties sold by each of the banks through the Approved Housing Body Mortgage to Rent Scheme: Bank Housing Agency MTR Scheme AIB 5 PTSB 10 Bank of Ireland have indicated that their Annual Report includes all required declarations to the market in relation to its Residential Irish Mortgage Portfolios. The most recent full year for which an Annual Report is...