Results 5,841-5,860 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Credit Unions Regulation (7 Oct 2015)

Michael Noonan: Further to Parliamentary Question No. 236 of 29 September 2015, I have been informed by the Central Bank that section 44 of the Credit Union Act, 1997 provides that a credit union may establish a special fund to be used by the credit union for such social, cultural or charitable purposed (including community development) where it is approved by a resolution passed by a majority of its members...

Written Answers — Department of Finance: Credit Unions Regulation (7 Oct 2015)

Michael Noonan: Dormant Accounts legislation is a matter for the Department of the Environment Community and Local Government (DECLG). Further to Parliamentary Question No. 236 of 29 September 2015, the Dormant Accounts Act, 2001 (as amended) provides for accounts in credit institutions to be transferred to the Dormant Accounts Fund when an account has been dormant for 15 years. Credit unions...

Written Answers — Department of Finance: Budget Submissions (7 Oct 2015)

Michael Noonan: I can confirm that I have received pre-Budget submissions seeking an examination of the excise bands which apply to cider with a view to removing the band that applies for alcohol content between 6% and 8.5%.  All excises are considered in the context of the annual Budget and Finance Bill process, however, it is not the practice of the Minister for Finance...

Written Answers — Department of Finance: Revenue Commissioners Reports (7 Oct 2015)

Michael Noonan: I am advised that the Revenue Commissioners have proactively reviewed both the content and dissemination methods for their publication of statistical information in the recent years. They have moved to provide their most relevant and sought after information in new and more accessible formats for statistics across all of the taxes and duties. Whereas previously information was provided by...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (7 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 65 to 67, inclusive, together. The Code of Conduct on Mortgage Arrears (CCMA) is a statutory code issued under Section 117 of the Central Bank Act, 1989. The CCMA applies to all regulated mortgage lenders operating in the State when dealing with borrowers facing or in mortgage arrears on their primary residence, including any mortgage lending...

Written Answers — Department of Finance: Credit Unions Regulation (7 Oct 2015)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of...

Written Answers — Department of Finance: Tax Reliefs Data (7 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that farmers may avail of a number of tax reliefs. The table below shows the main reliefs used by farmers, and their cost to the Exchequer, for which data are available to Revenue. Tax Relief Numbers Availing Tax Cost €m Income Tax General Stock Relief 8,950 5.2 Income Tax Stock Relief for Young Trained Farmers 310 1.1 Income Tax Stock...

Written Answers — Department of Finance: Departmental Staff Redeployment (7 Oct 2015)

Michael Noonan: I am aware of five staff who have applied through the Human Resources Unit of my Department to be transferred to Department's outside the Dublin region including my Department's Office in Tullamore. I wish to inform the Deputy there are a few ways for staff to apply for a transfer to other Departments and Offices including applying directly to the...

Written Answers — Department of Finance: National Monuments (6 Oct 2015)

Michael Noonan: As has been explained in Parliamentary Question 127 of 29 September 2015, the Minister of Arts, Heritage, and the Gaeltacht, via the National Monuments Service, recently deemed the buildings at 14-17 Moore Street a National Monument. Following the decision by the National Monuments Service to deem the buildings a National Monument,...

Written Answers — Department of Finance: Tax Yield (6 Oct 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the following table gives a breakdown of the estimated cost to the Exchequer of tax relief allowed through the tax relief at source (TRS) system for medical insurance premia from 2005 to 2014. The estimates do not include costs to the Exchequer of age-related tax relief at source, which was established by the Health Insurance (Miscellaneous...

Written Answers — Department of Finance: VAT Exemptions (6 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 241 and 242 together. I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality it cannot comment upon the tax affairs of individual bodies.  The Commissioners have confirmed that schools providing education, based on a programme prescribed or approved by the Minister for Education and Skills, are approved bodies for a...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (6 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 243 to 245, inclusive, together. The Ireland Strategic Investment Fund (ISIF) have advised that the €450 million BlueBay SME Credit Fund has completed 13 loan transactions totalling approximately €201 million as at 30 September 2015. The €292 million Carlyle Cardinal Ireland (CCI) SME Equity Fund, has completed 4 transactions as...

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: The Deputy's question refers to landlords in negative equity being taxed on losses, which may encompass two separate aspects of the tax system.  If a landlord sells an investment property in negative equity at a loss then, assuming that the sales proceeds are less than the original acquisition cost of that property, no liability to capital gains tax should arise on the disposal. With...

Written Answers — Department of Finance: Banking Sector (6 Oct 2015)

Michael Noonan: My Department has continued to engage with An Post in relation to their proposal to provide a payment account.  There are a number of steps involved in the approval process which must be completed by An Post, including a statutory consultation with the Minister for Communication, Energy and Natural Resources.  I am also consulting with the...

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: The relief for microbreweries was increased in last years Budget from 20,000 to 30,000 hectolitres.  The measure was designed to support the development of the small and medium enterprises in this sector and create additional jobs. The Deputy will be aware that it is not the practice to comment on what measures may or may not be included in the Budget in advance of Budget day.

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the Revenue Statistics webpage () contains a detailed section in relation to the Exchequer cost of many of the allowances, reliefs, exemptions and tax credits available under the Tax Expenditures section of the page: . These tables cover statistics up to 2014 in some cases and updates will be published in due course. The Deputy may wish to note...

Written Answers — Department of Finance: Departmental Staff Data (6 Oct 2015)

Michael Noonan: I wish to inform the Deputy there are no supernumerary positions in my Department. In relation to those agencies, organisations or bodies funded by my Department, there are also no supernumerary positions.

Written Answers — Department of Finance: Departmental Staff Data (6 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 251, 256 and 279 together. The Credit Union and Co-operation with Overseas Regulators Act 2012 was signed into law by the President of Ireland on 19 December 2012. Following enactment, different parts of the 2012 Act have been commenced in tranches at different times. This approach was taken, as the Department is cognisant of the fact that credit...

Written Answers — Department of Finance: Vehicle Registration Data (6 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that 148,462 new vehicles, including passenger cars and commercial vehicles, were registered for Vehicle Registration Tax in the period 1 January 2015 to 30 September 2015.

Written Answers — Department of Finance: Ireland Strategic Investment Fund Management (6 Oct 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) has advised that Activate Capital is prepared to lend up to 90% of the peak funding requirement of residential development projects, including site and working capital (construction) costs. The Platform will also consider lending to projects which do not benefit from "ready-to-go" planning permissions. The product offering is therefore very...