Results 7,961-7,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Availability (24 Mar 2015)

Michael Noonan: I have no plans to introduce incentives along the lines suggested by the Deputy. The Deputy will appreciate that tax reliefs and exemptions have costs which have to be paid for and their introduction must be considered only where there is a clear economic and social policy need to be addressed.  It should be noted in relation to local property tax (LPT), that where a person...

Written Answers — Department of Finance: Mortgage Arrears Rate (24 Mar 2015)

Michael Noonan: The Central Bank publish a quarterly Residential Mortgage Arrears and Repossessions statistical release which provides some information about home repossessions at a national level only, and consequently no regional breakdown is available.  The last release, published on 6th March 2015, was for end-Q4 2014 and is available here: The Q4 release shows that of the 110,366 total...

Written Answers — Department of Finance: Mortgage Interest Rates (24 Mar 2015)

Michael Noonan: At the outset, I must confirm to the Deputy that the lending institutions in Ireland - including those in which the State has a significant shareholding - are independent commercial entities. I have no statutory role in relation to regulated financial institutions passing on the European Central Bank interest rate change or to the mortgage interest rates charged.  It is a...

Written Answers — Department of Finance: Disabled Drivers Grant Appeals (24 Mar 2015)

Michael Noonan: The Disabled Drivers Medical Board of Appeal has informed me that the person (details supplied) had her appeal heard and was unsuccessful in the appeal.  If an appeal is refused, a citizen can reapply after six months if there is a deterioration in their condition.

Written Answers — Department of Finance: Insurance Levy (24 Mar 2015)

Michael Noonan: The Central Bank of Ireland has responsibility under Section 6 of the Insurance Act 1964 to assess the Insurance Compensation Fund from time to time to see if it needs financial support. Where it is of the opinion that the state of the ICF is such that financial support should be provided for it, it is allowed determine an appropriate contribution to be paid to the ICF by each...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (24 Mar 2015)

Michael Noonan: The National Treasury Management Agency (NTMA) Amendment Act 2014 established the Ireland Strategic Investment Fund. Pursuant to the Act, the NTMA shall determine, monitor and keep under review an investment strategy for the assets of the Fund in accordance with the policy of the Fund. The Act provides that in determining and reviewing the investment strategy, the NTMA shall consult with...

Written Answers — Department of Finance: Defined Benefit Pension Schemes (24 Mar 2015)

Michael Noonan: In the first instance all questions to do with the Commercial semi-states are a matter for the Minister with responsibility for the sector concerned.  In the nature of participating with NewERA on departmental steering groups established to consider specific state asset disposals, officials from my Department participated in discussions and/or have been circulated with documents...

Written Answers — Department of Finance: Household Charge Collection (24 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT), including Household Charge, is available on the Commissioners' website at. Updates to these statistics will be published in due course. From the most recent statistics available, the Commissioners have confirmed that since Revenue took over responsibility for Household Charge...

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

Michael Noonan: I am informed by the Revenue Commissioners that the estimated first and full year cost to the Exchequer to implement Option 4 (p.13) of the Department of Finance's November 2011 review of the Universal Social Charge (USC) would be in the region of €878 million and €1.17 billion respectively. The USC rates cited in Option 4 are applied to both PAYE and self-employed income. I am...

Written Answers — Department of Finance: Household Charge Administration (24 Mar 2015)

Michael Noonan: I am advised by Revenue that Section 127 of the Finance (Local Property Tax) Act 2012 (as amended) provides that any unpaid Local Property Tax (LPT) or Household Charge (HHC) liabilities attach as a charge against the particular residential property until the outstanding debt is paid. Such a charge, including interest at a rate of 8% per annum remains on the property, even where there is...

Written Answers — Department of Finance: Financial Services Sector (24 Mar 2015)

Michael Noonan: As the Deputy is aware PricewaterhouseCoopers (PwC) was commissioned by the Financial Regulator to review the loan books and the capital position of six of the covered institutions as at 30th September 2008 and as such was not a report commissioned by, or provided to, the Revenue Commissioners. The PwC Reports were a "point in time" exercise and were subject to a number of caveats. They...

Written Answers — Department of Finance: Ministerial Pensions (24 Mar 2015)

Michael Noonan: Aggregate information regarding ministerial pensions is set out in the following table. Year Amount (€) 2013 €4,073,957.94 2012 €4,104,802.23 2011 €4,121,495.39 2010 €3,740,497.00 2009 €3,801,646.10 2008 €4,467,657.00 2007 €3,942,745.00 The following should be noted with respect to the above information: the totals can...

Written Answers — Department of Finance: Tax Credits (12 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated cost to the Exchequer of providing a child tax credit at an annual rate of €300 is in the order of €240 million. These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim....

Written Answers — Department of Finance: Tax Reliefs Cost (12 Mar 2015)

Michael Noonan: It is not possible to provide an accurate cost to the Deputy of the provision of tax relief in respect of childcare fees, as reliable figures are not available for the numbers of children in childcare, the costs incurred by their parents and the number of parents who are paying tax. However, a tentative figure can be calculated by using the 2013 "Indecon Report on Support for...

Written Answers — Department of Finance: Tax Rebates (12 Mar 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that refunds of tax for 2012 and 2013 were made to the person concerned in January this year. In relation to 2014, the person concerned was issued, in January of this year, with a tax return for completion. The completed return is awaited so that matters for 2014 can be finalised.

Written Answers — Department of Finance: Tax Data (12 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that based on the information provided, they do not have employment details for the person in question for the years 2002 to date. To enable Revenue to check their records for the years prior to 2002, it will be necessary for the person to provide Revenue with the names of his employers and the approximate dates of employment.  The person...

Written Answers — Department of Finance: Tax Rebates (12 Mar 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that the person concerned was asked by them to provide her 2014 Form P60 on 6 February 2015. When that form is received Revenue, they will review the tax liability of the person concerned and will then be in direct contact with her in the matter.

Written Answers — Department of Finance: Mortgage Resolution Processes (12 Mar 2015)

Michael Noonan: The Central Bank has informed me that as part of its supervisory interaction with the banks, it will continue to engage on the banks' strategies, management, measurement and reporting of the resolution and restructuring of commercial and mortgage non-performing loans (NPLs). The Central Bank has also advised me that, working in conjunction with the ECB (as part of the Single Supervisory...

Written Answers — Department of Finance: Mortgage Resolution Processes (12 Mar 2015)

Michael Noonan: As the Deputy will be aware I have no direct function in the relationship between banks and their customers. Decisions taken by the bank are a matter for the board and management of the institution.  Notwithstanding the fact that the State is a shareholder in some of the institutions operating in the State, I must ensure that these banks are run on a commercial, cost...

Written Answers — Department of Finance: IBRC Liquidation (12 Mar 2015)

Michael Noonan: The Special Liquidators are preparing a progress update report on the liquidation of IBRC for the Minister for Finance following consultation with the Department of Finance and in response to a request for a detailed update report made under Section 17 (c) of the Ministerial Instructions issued on 7 February 2013. Upon its release this Friday (13th March 2015), this progress update...