Results 6,441-6,460 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Data (16 Jul 2015)

Michael Noonan: The Central Bank does not publish the number of securitised mortgages. However, Table A.18.2 of the gives the value of securitised mortgages (no longer on the balance sheet of credit institutions) advanced to Irish resident private households for the purpose of house purchase by within-the-State offices of credit institutions. This total was €36.7 billion at end-March 2015.

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

Michael Noonan: As the Deputy will be aware, since 16 October 2013, tax relief for medical insurance premiums has been restricted to the first €1,000 per adult and the first €500 per child insured. Any portion of premium paid in excess of these ceilings no longer qualifies for tax relief. Prior to this, income tax relief for medical insurance premiums was provided at source, at the standard...

Written Answers — Department of Finance: Tax Yield (16 Jul 2015)

Michael Noonan: I am advised by Revenue that a breakdown of Capital Acquisitions Tax (CAT) paid in respect of farm buildings and farm land is not available. The Deputy may be interested to know that general information pertaining to Capital Acquisitions tax net receipts is available on the Revenue statistical webpage at . Specifically, the CAT net receipts can be accessed at .

Written Answers — Department of Finance: Pension Provisions (16 Jul 2015)

Michael Noonan: Finance Act 2014 introduced changes to allow owners of approved minimum retirement funds (AMRFs) to draw down up to 4% of the assets of such funds on one occasion in each year instead of the facility to draw-down the accrued income and gains of such funds, as had applied prior to the changes. I should explain by way of background, that under the flexible options at retirement...

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

Michael Noonan: I am advised by the Revenue Commissioners that payments made by dairy farmers in respect of milk quota super levy (under SI 227 of 2008, as amended and Council Regulation EC 1234/2007, as amended) are classified as an expense of the trade.  As such, the super levy is tax deductible in the year in which the expense is recognised in the farmer's accounts.

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

Michael Noonan: I propose to take Questions Nos. 190 and 199 together. This issue has been raised with me by Deputies and others in recent months and I am conscious of the concerns involved. Capital Acquisitions Tax applies to the beneficiary of a gift or inheritance rather than to the person making the gift or inheritance. While the rate of CAT is 33% each person has a number of life-time...

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

Michael Noonan: As the Deputy will be aware, it is standard practice for the Minister for Finance to review all tax expenditures and reliefs in the run up to annual Budgets. It is also a long-standing practice of the Minister for Finance not to comment on any tax matters that could be the subject of Budget decisions. In recent years the DIRT rate has been increased to raise additional...

Written Answers — Department of Finance: Credit Unions Regulation (16 Jul 2015)

Michael Noonan: The Credit Union and Co-operation with Overseas Regulators Act 2012 provides the Central Bank with powers to make regulations. Before making regulations, the Central Bank must consult with the Minister, the Credit Union Advisory Committee and any other body that has expertise or knowledge or that the Central Bank considers appropriate. I have been informed by the Central Bank that it...

Written Answers — Department of Finance: Financial Services Regulation (16 Jul 2015)

Michael Noonan: I assume the Deputy is referring to the new macro prudential rules for residential mortgage lending put in place earlier this year by the Central Bank of Ireland.  These measures provide that, in respect of a mortgage for a principal dwelling home, first time buyers will be subject to a maximum mortgage loan to value (LTV) of 90% for a property valued up to €220,000 and...

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

Michael Noonan: I have been advised by the Revenue Commissioners that the named parties have not submitted claims for rent paid. Revenue has written to the named individuals, at the address provided, advising them of how to make a claim for Rent Relief.

Written Answers — Department of Finance: Departmental Advertising Expenditure (16 Jul 2015)

Michael Noonan: The information requested by the Deputy is set out in the following tables. Department of Finance Total Cost of Public Advertising 2014 2013 Amount (€) 240,993.99* 156,869.67***€214,800.11 relates to the Credit Review Office and is reimbursed by the participating banks **€156,869.67 relates to the Credit Review Office and is reimbursed by the participating banks...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2015)

Michael Noonan: In response to the Deputy's question my Department has its own Print Room with two staff which provides shared print services to both my Department and the Department of Public Expenditure and Reform.  The budget allocations exclusive of staff costs in respect of the services provided by the print room for 2013 and 2014 were €41,500 and €68,327 respectively. The annual...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2015)

Michael Noonan: The information requested in respect of my Department is set out in the following table: 2013 Postage €84,882.25 Payslips purchased €5,332.05 Machinery maintenance €4,840.78 Total €95,055.08 2014 Postage €55,123.92 Payslips purchased €5,243.49 Machinery maintenance €4,840.78 Total €65,208.19 Most of the costs are...

Written Answers — Department of Finance: Ministerial Travel (16 Jul 2015)

Michael Noonan: The Department does not pay for the private travel undertaken by me or by staff in my private office, nor does the Department pay for accommodation for my private office staff which is associated with their private travel. There were no legal or consultancy fees for myself  or for my private office for the twelve month period to 30 June 2015.  The costs of hotel accommodation for...

Written Answers — Department of Finance: Legislative Measures (16 Jul 2015)

Michael Noonan: 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 unions needed time to implement all aspects of the 2012 Act and...

Written Answers — Department of Finance: Credit Unions Regulation (16 Jul 2015)

Michael Noonan: In recognition of the unique nature of credit unions, a statutory position of Registrar of Credit Unions was explicitly created within the Central Bank of Ireland to assume responsibility for the regulation of credit unions. The Registry of Credit Unions is independent and is responsible for the registration, regulation and supervision of credit unions. Under the Credit Union Act 1997,...

Written Answers — Department of Finance: NAMA Debtors (16 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 202 and 206 together. NAMA has issued debtors and receivers with very clear requirements on the conduct of property sales.  These requirements are set out in NAMA's Guidance Note on the Disposal of Real Estate Assets by NAMA Debtors and Insolvency Office Holders, which is available on the NAMA website, . I am not aware of any such scenario outlined...

Written Answers — Department of Finance: Appointments to State Boards (16 Jul 2015)

Michael Noonan: I as Minister for Finance have the legislative power to make appointments to certain bodies under the aegis of my Department and I am responsible for the exercise of this power. In November 2014 the Department of Public Expenditure and Reform published guidelines on ministerial appointments to State Boards. All appointments must meet the specific and detailed criteria determined by the...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2015)

Michael Noonan: As published in the Revised Estimates Volume, my Department has been allocated net expenditure of €30,617,000 for 2015. The following table sets out the expenditure and profiled expenditure to the end of June 2015 by programme: Programme Total 2015 (€) Profile to end June 2015 (€) Expenditure to end June 2015 (€) A European Union & International Policy...

Written Answers — Department of Finance: Information and Communications Technology (16 Jul 2015)

Michael Noonan: My Department currently does not administer any schemes that require members of the public to submit applications. Certain bodies under the aegis of my Department do operate such schemes and the information sought by the deputy is contained in the following table. Body Does the body currently have any paper based application processes used by members of the public Has assessment has been...