Results 8,061-8,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Revenue Documents Issuance (5 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality, they are not in a position to provide the details sought by the Deputy. If the Deputy can provide confirmation of being authorised by the taxpayer to make representation on their behalf, Revenue will be happy to address this matter with the Deputy.

Written Answers — Department of Finance: Central Bank of Ireland Investigations (5 Mar 2015)

Michael Noonan: The Central Bank of Ireland have informed me that an investigation into historical claims reserving practices at the company is ongoing and is at an advanced stage. Once concluded, decisions regarding enforcement proceedings will be made by the Central Bank.

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

Michael Noonan: I am informed by the Revenue Commissioners that the sales of marked diesel on a county basis are not readily available at present.  However, a wide range of statistical information is available on the Commissioners' new, enhanced, Statistics webpage: .  In relation to the Deputy's question, detailed information on volumes of clearances from tax warehouses of oils and other...

Written Answers — Department of Finance: Pension Provisions (5 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that precise details on the value of pension funds transferred abroad are only available since 2012. This is due to the fact that before 2012 very few notifications in relation to transferring pension funds abroad were received and centralised records were not maintained until the start of 2012. From 2012, both Revenue and the pensions industry,...

Written Answers — Department of Finance: State Debt (5 Mar 2015)

Michael Noonan: Estimates of the structural budgetary position published in Budget 2015 were produced on the basis of the harmonised methodology for calculating the output gap. The harmonised methodology suggests a positive output gap in 2015, in other words that the economy is operating above its potential. The harmonised method also suggests an equilibrium unemployment rate of around 10 per...

Written Answers — Department of Finance: Banking Operations (5 Mar 2015)

Michael Noonan: As the Deputy is aware, I have no direct function in the relationship between banks and their customers or in the day-to-day commercial and operational decisions of the banks. These decisions are taken by the board and management of the institutions. In relation to the requirement for lenders to provide more information as to why lending applications are declined, I am informed by the...

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

Michael Noonan: I am advised by the Revenue Commissioners that they are engaged in an ongoing programme of compliance work in relation to medical consultants. Revenue's main focus at this time in the context of this programme is the tax issues arising from the incorporation of medical consultants businesses. To date, Revenue has opened a total of 331 compliance interventions. Some 128 of the...

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

Michael Noonan: I am informed by the Revenue Commissioners that as they categorise taxpayers on the basis of the internationally accepted standard economic activity NACE Code, it is not possible without extensive examination of Revenue records to provide the information in the detail requested by the Deputy. I am advised by Revenue cases are selected for compliance intervention by them having regard to...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that preliminary unaudited value of investments by the Ireland Strategic Investment Fund in tobacco firms as at 30 January 2014 is €9.6 million.

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace & defence sub-industry as at 30 January 2014 is approximately €14.1 million. The aerospace & defence sub-industry is the lowest level of sector breakdown available under Global Classification Standards and...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in alcohol firms as at 30 January 2014 is approximately €27.1 million.

Written Answers — Department of Finance: Insurance Industry (5 Mar 2015)

Michael Noonan: Setanta Insurance Company Limited is a Maltese authorised company subject to prudential supervision by the Malta Financial Services Authority (MFSA) which is now in liquidation under Maltese law. Any follow-up investigation on the regulatory issues surrounding the firm's failure falls under the responsibility of the MFSA as home regulator. However, my Department and the Central...

Written Answers — Department of Finance: Deposit Guarantee Scheme (5 Mar 2015)

Michael Noonan: The Central Bank has advised that they were not in a position to collect data in relation to covered deposits in 2008. The basis for determining the appropriate deposit that a credit institution should hold in the deposit protection account (for the purposes of the DGS) at that time was total deposits of a bank rather than covered deposits. The Central Bank has...

Written Answers — Department of Finance: VAT Rate Application (4 Mar 2015)

Michael Noonan: The VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply.  Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate of 23%. Parts or accessories and training are also liable to VAT at the standard rate. There is no provision in the EU VAT Directive that would make it possible to...

Written Answers — Department of Finance: Disabled Drivers Grant Appeals (4 Mar 2015)

Michael Noonan: The legislation governing the Drivers & Passengers with Disabilities Scheme is contained in Section 92 of the Finance Act 1989 (as amended), Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994).  Full details of the scheme, including the legislative criteria...

Written Answers — Department of Finance: Revenue Commissioners Investigations (4 Mar 2015)

Michael Noonan: Details of the investigation undertaken by the Revenue Commissioners in relation to accounts held with HSBC Bank, Geneva were given in my reply to the Deputy's Questions Nos. 79 to 81, inclusive, of 25 February 2015. This investigation has led to three prosecutions and convictions for tax-related offences, and a further case remains under investigation. The numbers of convictions for...

Written Answers — Department of Finance: Tax Compliance (4 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that where a person has profit income from the letting of accommodation to, or the hosting of, tourists, the profit is regarded as taxable income which must be included in that person's annual tax return. Revenue's compliance programmes cover a wide variety of business sectors including the hotel, bed & breakfast and rental sector. ...

Written Answers — Department of Finance: Tax Forms (4 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that, with effect from January 2012, the paper based Relevant Contracts Tax system was replaced by an electronic Relevant Contracts Tax (eRCT) system.  Interactions between principal contractors and Revenue as regards Relevant Contracts Tax are now by way of electronic means.  Under the eRCT system, a principal contractor is obliged to...

Written Answers — Department of Finance: VAT Rebates (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that there are no outstanding VAT repayments waiting to be processed for the person concerned. All VAT repayments due to the person concerned have either already been repaid or otherwise offset against his other tax liabilities.   If the person concerned wishes to discuss any particular VAT claim or clarify any aspect of any of the claims...

Written Answers — Department of Finance: Departmental Properties (4 Mar 2015)

Michael Noonan: In response to the Deputy's question my Department is not involved in any direct rental of buildings. The Department's accommodation needs are provided for by the Office of Public Works via the Property Management Services Section. Details of rental costs associated with buildings occupied by the Department may be obtained directly from the Office of Public Works.