Results 8,041-8,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Financial Services Regulation (10 Mar 2015)

Michael Noonan: Finance Act 2014 introduced changes relating to the imputed distribution rate for certain approved retirement funds (ARFs) as well as provisions 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...

Written Answers — Department of Finance: Departmental Strategies (10 Mar 2015)

Michael Noonan: My response to Parliamentary Question No. 157 of 15 November 2011 was accurate, at no point in 2011 (or since) were Irish pounds being printed. This is not to state that no contingency plans were developed or that no consideration was given to the steps which could become necessary had the crisis then ongoing escalated to the point that the Euro was no longer available as a functioning...

Written Answers — Department of Finance: European Financial Stability Facility (10 Mar 2015)

Michael Noonan: As regards whether the extension of 4 months to the second Greek bailout programme would require the approval of Dáil Éireann, I can confirm that no Dáil approval or further domestic legislative steps are necessary.  The loan agreement (Master Financial Assistance Facility Agreement) signed up to by Greece will have to be adjusted to take account of the extension. ...

Written Answers — Department of Finance: Tax Yield (10 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to furnish precise figures of the amount of VAT received  from the sale of residential properties, as the information provided on VAT returns does not require the yield from particular activities to be identified.

Written Answers — Department of Finance: Economic Data (10 Mar 2015)

Michael Noonan: I am advised by the Central Statistics Office (CSO) that there are currently 16 companies engaged in contract manufacturing.  This number changes because companies which are involved in contract manufacturing in one period may not be in the following period.  I do not have the names of the companies involved; the Statistics Act 1993 restricts the use of information supplied  to...

Written Answers — Department of Finance: Exports Data (10 Mar 2015)

Michael Noonan: I am advised by the CSO that total exports of goods and services from Ireland amounted to €184,564 m in 2013.  The top 5 exporting firms accounted for €48,400 million, or 26.2 per cent, of the total exported in the year in question.

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: Where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual.  Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other.  Cohabitants do not have the same legal rights and obligations as a...

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: For the purposes of tax credits and other elements of tax law, Revenue recognises marriages contracted in and registered in the State.  Revenue also recognises marriages contracted in and registered with the civil authorities under the laws of another country.  Certificates of marriage may be required as proof of marriage.  Religious ceremony marriages which are not registered...

Written Answers — Department of Finance: Offshore Exploration (10 Mar 2015)

Michael Noonan: I would like to thank the Deputy for this question but would advise that this is a matter for the Department of Communications, Energy and Natural Resources.

Written Answers — Department of Finance: Tax Yield (10 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that due to their obligation to observe confidentiality for taxpayers' information, and the small group of taxpayers involved in this case, precludes them from providing the information requested. I am also advised by the Commissioners that they do not forecast tax receipts for particular companies or particular activities into the future.

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: The position is that all those paying income tax and or USC have benefitted from the income tax changes introduced in Budget 2015 where incomes are the same as they were in 2014. Based on the details supplied by you, it would appear that the couple concerned have benefitted by approximately €13 per week from the Budget tax measures. The Deputy will be aware that a cap of...

Written Answers — Department of Finance: Mortgage Arrears Proposals (10 Mar 2015)

Michael Noonan: I have been informed that the bank has a comprehensive range of sustainable solutions available for customers in mortgage difficulties. Customers in arrears will be reviewed for eligibility based on affordability, their willingness to prioritise their mortgage payments and engage with the bank.  The bank offers a Mortgage to Rent solution to the customer if they are deemed...

Written Answers — Department of Finance: EU-IMF Programme of Support (10 Mar 2015)

Michael Noonan: As part of the EU/IMF Programme of Financial Support, there were a number of conditions/actions which Ireland committed to, one of which was to develop a framework to govern the exercise of the State's ownership rights in the banks resulting from the capital injections, including to put in place relationship frameworks with the banks to establish the commercial basis...

Written Answers — Department of Finance: House Prices (5 Mar 2015)

Michael Noonan: My Department closely monitors movements in residential property prices and their potential impact on the economy. As regards recent trends, according to the Central Statistics Office, national residential property prices fell by 1.4 per cent between December and January, and are up 15.5 per cent over the 12 months to January.  It is too early to say whether the recent trends mark a...

Written Answers — Department of Finance: Revenue Commissioners Investigations (5 Mar 2015)

Michael Noonan: I am advised that the Revenue Commissioners work in close cooperation with other enforcement authorities in this jurisdiction and in Northern Ireland to combat fuel and tobacco fraud which are all-island problems.  The Cross Border Tobacco Fraud Enforcement Group and the Cross Border Fuel Fraud Enforcement Group include representatives of the Revenue Commissioners, An Garda...

Written Answers — Department of Finance: Revenue Commissioners Investigations (5 Mar 2015)

Michael Noonan: Tax evasion is a matter of serious concern because it deprives the State of revenues required to provide essential services and facilities for all of our citizens. I am advised by the Revenue Commissioners that confronting evasion in all its guises, including the use of offshore accounts for that purpose, is a priority for them. They draw on all available sources of information and...

Written Answers — Department of Finance: Fuel Trader's Licence (5 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 81 and 82 together. An auto fuel trader's licence and/or a marked fuel trader's licence must be held by each person dealing in mineral oils and marked mineral oils and for each premises or filling station used for that purpose. These licences are issued by the Revenue Commissioners in accordance with the requirements laid down under Chapter 1 of Part 2 of...

Written Answers — Department of Finance: Fiscal Policy (5 Mar 2015)

Michael Noonan: Inflation in the euro area has been below levels consistent with price stability for some time and, in fact, moved into negative territory in December and has subsequently remained there in January and February. The fall in inflation combined with the fact that inflationary expectations have begun to drift downwards poses a risk to price stability. As a result, and with policy rates...

Written Answers — Department of Finance: Vehicle Registration (5 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that relief from Vehicle Registration Tax (VRT) is provided for in Section 134(1)(a), Finance Act, 1992, as amended, and Statutory Instrument No. 59 of 1993, Vehicle Registration Tax (Permanent Reliefs) Regulations 1993. The relief applies where there is a transfer of normal residence which would be evidenced by proof of full time employment and/or...

Written Answers — Department of Finance: Tax Code (5 Mar 2015)

Michael Noonan: A fair, efficient and competitive income tax system is essential for economic growth and job creation.  However, it is important to understand that PAYE workers and the self-employed are taxed in different ways to reflect their differing circumstances. As the deputy is aware, employees in the PAYE system benefit from an income tax credit worth €1,650 per annum to which the...