Results 6,101-6,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Laundering (22 Sep 2015)

Michael Noonan: I have no information on the issue raised in the question by the Deputy. It appears to be a matter concerning companies in the oil industry and in the motor insurance industry.

Written Answers — Department of Finance: Money Laundering (22 Sep 2015)

Michael Noonan: I am aware of the allegations made in the programme in February 2015 to which the Deputy refers. As I said in reply to the previous Parliamentary Question to which the Deputy referred, criminal wrongdoing is a matter for An Garda Síochána. On the issue more generally, in Ireland money laundering has been treated as a very serious offence since the passing of the The law in...

Written Answers — Department of Finance: Tax Reliefs Eligibility (22 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that relief in respect of health expenses is allowed in accordance with the provisions of section 469 of the Taxes Consolidation Act 1997. In order to qualify for relief an individual must show that he or she has incurred "health expenses" for the provision of "health care". It is not the case that all expenses incurred on health care qualify for...

Written Answers — Department of Finance: Fuel Inspections (22 Sep 2015)

Michael Noonan: I assume that the Deputy is referring to the number of roadside green diesel operations carried out by the Revenue Commissioners for the years 2011 to 2014. The figures are set out in the following table. County 2011 2012 2013 2014 Clare 71 31 70 88 Cork 54 63 72 70 Donegal 116 84 90 106 Dublin 81 91 170 253 Galway/Westmeath/Offaly 121 106 57 59 Kerry 139 185 146 108 Kildare 15...

Written Answers — Department of Finance: VAT Exemptions (22 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply.  In the circumstances, the service of renting of medical machines is liable to VAT at the standard rate, currently 23%. I would point out that Value-Added Tax (Refund of Tax) (No. 15) Order 1981 enables VAT paid on...

Written Answers — Department of Finance: Tax Exemptions (22 Sep 2015)

Michael Noonan: Section 216A of the Taxes Consolidation Act 1997 provides for the rent-a-room scheme. This scheme was introduced in Finance Act 2001 as an incentive to encourage individuals to let rooms in their principal private residence in order to bring about an increase in the availability of rental accommodation, particularly for the student sector. No legislative change has been made to the...

Written Answers — Department of Finance: Insurance Coverage (22 Sep 2015)

Michael Noonan: In my role as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. The provision of insurance cover as well as 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 these risks. ...

Written Answers — Department of Finance: Credit Unions (22 Sep 2015)

Michael Noonan: I propose to take Questions Nos. 340 and 391 together. 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...

Written Answers — Department of Finance: Tax Code (22 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that, for the purposes of inheritance tax, the relationship between the person who provides the inheritance (i.e. the disponer) and the person who receives the inheritance (i.e. the beneficiary), determines the maximum life-time tax-free thresholdknown as the "Group Threshold" - below which inheritance tax does not arise. There are, in all, three...

Written Answers — Department of Finance: Tax Yield (22 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' Statistics webpage:. In relation to the Deputy's question, detailed information on Excise receipts by commodity can be found at .The most recent year for which detailed data are available is 2013. Data for 2014 will be published in due course. I am further informed by the...

Written Answers — Department of Finance: Financial Services Ombudsman Staff (22 Sep 2015)

Michael Noonan: At the outset, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions. The Financial Services Ombudsman has informed me that the information requested by the Deputy is as follows: Year No. of Staff employed by the Financial Services Ombudsman @ year end Vacancies 2005 22 12 2006 25 9 2007 28 6 2008 29 5 2009 27 7 2010 32 2...

Written Answers — Department of Finance: Tax Reliefs Eligibility (22 Sep 2015)

Michael Noonan: I propose to take Questions Nos. 345 and 372 together. I propose to deal with these questions together as they relate to the same issue. I am advised by the Revenue Commissioners that a claim for capital gains tax relief may arise under section 538 of the Taxes Consolidation Act 1997 in respect of losses incurred by the owners of milk quotas as a result of the abolition of those quotas...

Written Answers — Department of Finance: International Agreements (22 Sep 2015)

Michael Noonan: The Central Bank has advised me on this issue and provided the following information. The EU implements Restrictive Measures autonomously at an EU level or as a result of resolutions of the Security Council of the United Nations through the publication of EU Regulations. EU Regulations are binding on all Member States once published in the EU Official Journal. Financial Institutions in...

Written Answers — Department of Finance: International Agreements (22 Sep 2015)

Michael Noonan: The EU implements Restrictive Measures autonomously at an EU level or as a result of resolutions of the Security Council of the United Nations through the publication of EU Regulations. EU Regulations are binding on all Member States once published in the EU Official Journal. In implementing EU or UN sanctions in Ireland, we await an EU Regulation and then create corresponding domestic...

Written Answers — Department of Finance: Insurance Coverage (22 Sep 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, I do not have the power to direct insurance companies to provide flood cover to specific individuals. The provision of new flood cover or the renewal of existing flood cover is a commercial matter for insurance companies, which is...

Written Answers — Department of Finance: Tax Exemptions (22 Sep 2015)

Michael Noonan: As the Deputy is aware, my officials are currently carrying out a review of the artists' exemption. The results of that review will be taken into consideration as part of the forthcoming Budget. The Deputy will also be aware that it is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget...

Written Answers — Department of Finance: VAT Exemptions (22 Sep 2015)

Michael Noonan: As you are aware, Ireland applies the zero rate of VAT to children's clothing and shoes under defined circumstances. The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In this regard, the rate of VAT that applies to a particular good or service is determined by the nature of the good or service, and not by the status of the...

Written Answers — Department of Finance: Central Bank of Ireland (22 Sep 2015)

Michael Noonan: I propose to take Questions Nos. 351, 354, 359, 381 and 392 together. Under Sections 32D and 32E of the Central Bank Act 1942, the Central Bank is required to seek my approval for the Regulations prescribing levies and fees to be paid by entities subject to regulation by the Central Bank. I am aware that the Central Bank consulted industry on their proposed 2015 levies which I understand...

Written Answers — Department of Finance: Central Bank of Ireland (22 Sep 2015)

Michael Noonan: I propose to take Questions Nos. 352 and 364 together. The Central Bank pension scheme (The Central Bank & Financial Services Authority of Ireland Superannuation 2008) mirrors public service pensions both in terms of contribution and benefits. The public service covers the cost of pensions from current funds whereas the Central Bank funds pensions through a dedicated pension fund....

Written Answers — Department of Finance: Financial Services Regulation (22 Sep 2015)

Michael Noonan: As Minister for Finance, I was actively involved in the negotiation and agreement of the Capital Requirements Division IV (CRD IV), which set limits on persons holding multiple directorships of financial institutions. Article 91(3) CRD IV establishes limits to the number and nature of directorships for members of the management bodies of financial institutions that are considered...