Results 7,121-7,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Special Liquidator Fees (9 Jun 2015)

Michael Noonan: As announced last week, the transaction review which the Special Liquidators were directed to conduct has been replaced with a Commission of Investigation, therefore the question posed by the Deputy is no longer applicable. However, I can confirm that the hourly rates agreed with the Special Liquidators for the liquidation of IBRC are: Grade Rate Per Hour (excluding VAT) Partner...

Written Answers — Department of Finance: IBRC Review (9 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 287, 290 and 291 together. The announcement of the transaction review took place on 23rd April 2015.  Prior to this date, and after I and my officials decided that the Special Liquidators were in the best position to undertake the review, discussions took place between my officials and the Special Liquidators around the scope of the...

Written Answers — Department of Finance: IBRC Liquidation (9 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 288 and 289 together. As the Special Liquidators maximise the proceeds of the liquidation, it is important that they have a comprehensive view of the creditors who ultimately may be entitled to these proceeds. To this end, the Special Liquidators have published advertisements and have written to known creditors in order to finalise their claims in...

Written Answers — Department of Finance: Tax Rebates (9 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned is registered for income tax and Relevant Contracts Tax (RCT). When the person concerned first registered for RCT he was subject to a deduction rate of 20% and this continued until April of this year when the deduction rate was revised to 0% because of his then established compliance record. RCT deductions are treated as a...

Written Answers — Department of Finance: Corporation Tax (9 Jun 2015)

Michael Noonan: All companies operating in Ireland are chargeable to corporation tax at the 12.5% rate on the profits that are generated from their trading activities here. A higher 25% rate applies in respect of investment, rental and other non-trading profits, as well as certain petroleum, mining and land-dealing activities, and chargeable capital gains are taxable at the capital gains tax rate of 33%. I...

Written Answers — Department of Finance: Tax Credits (9 Jun 2015)

Michael Noonan: I understand from the Revenue Commissioners that the Appeal Commissioner determined on 11 June 2012, that the company concerned is entitled to a credit of the RCT for the year 2007.  While the Revenue Commissioners had initially requested that a Case Stated be prepared for the Opinion of the High Court, following further consideration of this matter Revenue decided not to proceed...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (9 Jun 2015)

Michael Noonan: The €1.9 billion capital proceeds of disposals (i.e. excluding accrued interest) from the NPRF's Directed Portfolio holdings in Bank of Ireland in December 2013 were retained in case it was found necessary to use them in the light of the results of the Banking stress tests in October 2014.  In January 2014 these proceeds were invested by the NTMA in...

Written Answers — Department of Finance: Tax Compliance (9 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they are in active communication with the person concerned regarding her tax affairs. Information is awaited by Revenue from the person concerned in relation to certain aspects of those tax affairs. While at this stage it is likely that the person concerned will owe some tax, the current matter cannot be finalised until the information requested...

Written Answers — Department of Finance: IBRC Operations (9 Jun 2015)

Michael Noonan: I am advised by the Special Liquidators that due to commercial confidentiality and ongoing litigation, they are not in a position to provide the information requested.

Written Answers — Department of Finance: Banking Sector Investigations (9 Jun 2015)

Michael Noonan: I have been informed by the Central Bank that the Financial Regulator engaged PwC in September 2008 to conduct work on certain banking issues, known as Project Atlas. The total cost of Project Atlas was €3,794,967, of which €3,601,367 was recouped from the banks.

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (9 Jun 2015)

Michael Noonan: I am informed by the Central Bank that the company referred to by the Deputy is a wholly owned subsidiary of a company that, while not regulated by the Central Bank, has voluntarily agreed to adhere to the Central Bank of Ireland's Code of Conduct on Mortgage Arrears and the parent company confirms this on its website at . The CCMA provides a strong consumer protection...

Written Answers — Department of Finance: Legislative Measures (9 Jun 2015)

Michael Noonan: The legislation will apply to all loans as defined, regardless of when they were acquired, thus capturing loan books that have already been sold. A similar approach was used in 2013 in relation to debt management firms. Also, when the requirement for a retail credit firm authorisation was itself introduced in 2007, existing non-deposit taking lenders (which up to then did not require...

Written Answers — Department of Finance: Pensions Levy Yield (9 Jun 2015)

Michael Noonan: I assume the Deputy is referring to the stamp duty levy on pension fund assets, which was introduced in the Finance (No. 2) Act 2011.  The levy applies to the market value on the valuation date, generally 30 June each year, of assets under management in pension funds and pension plans approved under Irish tax legislation and is required to be paid by 25 September each year.  It...

Written Answers — Department of Finance: Central Credit Register (9 Jun 2015)

Michael Noonan: I have been informed by the Central Bank (Bank) that it is taking a phased approach to the implementation of the Central Credit Register (CCR). The initial phase of the CCR will focus on lending to individuals and is expected to become operational by mid-2016. A later phase will address lending to incorporated entities and is tentatively scheduled to be operational by...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (9 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the vehicle purchased by the person concerned has been approved for motor tax exemption and assistance in respect of fuel costs under the Drivers/Passengers with Disabilities Scheme.  A Certificate of Approval to exempt the vehicle from payment of annual motor tax issued to the person on 13 May 2015. Any further information or assistance...

Written Answers — Department of Finance: Tax Reliefs Availability (9 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that capital gains tax applies to the disposal of shares. No relief is available in respect of such a disposal where the proceeds of the disposal are used to purchase agricultural land. Individuals who dispose of shares in order to purchase agricultural land are no different to any other taxpayers who may decide to dispose of shares or other...

Written Answers — Department of Finance: Revenue Commissioners Resources (9 Jun 2015)

Michael Noonan: The acquisition of detector dogs and the deployment of dog teams is a matter for the Revenue Commissioners.  I am advised by the Commissioners that the total number of dog units in operation is currently 17.  An additional dog unit is being set-up in Dublin Airport to target the importation of foodstuffs. This dog unit will be operated by Revenue on behalf of the Department of...

Written Answers — Department of Finance: Tax Credits (9 Jun 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that they are in direct communication with the person concerned to clarify and confirm certain aspects of the personal circumstances of that person and in that context to update and grant any additional tax credits and reliefs to which the person concerned is entitled.

Written Answers — Department of Finance: Capital Allowances (9 Jun 2015)

Michael Noonan: It is assumed that the Deputy is referring to the capital allowances that are available in respect of capital expenditure on qualifying private hospitals under the property incentive scheme. I am informed by the Revenue Commissioners that the available information on the estimated cost of tax forgone and the number of claimants for the most recent five years available is as set out in the...

Written Answers — Department of Finance: Seirbhísí trí Ghaeilge (9 Jun 2015)

Michael Noonan: Tá na seirbhísí a chuireann an Roinn seo ar fáil mar aon lenár gcuid aidhmeanna do na trí bliana le teacht leagtha amach sa Dara Scéim Teanga 2014-2017 atá ar fáil ar ár suíomh Gréasáin ag .Go háirithe, cuirtear roinnt faisnéise faoin mBuiséad bliantúil agus preaseisiúintí ar fáil i nGaeilge....