Results 8,121-8,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Government Deficit (3 Mar 2015)

Michael Noonan: In terms of economic growth underpinning the Budget 2015 forecast, real GDP is forecast to grow at 3.9% in 2015 while nominal GDP, which is a recognised proxy in relation to the growth of taxes and also the denominator used in the deficit/GDP ratio, is forecast to grow at 5.3%. There is no simple answer with regard to the impact of different headline growth rates on the deficit...

Written Answers — Department of Finance: Banking Sector (3 Mar 2015)

Michael Noonan: Officials of my Department have met with representatives of the Public Banking Forum and have received presentations from them. While my Department is interested in the potential of the proposal from the Public Banking Forum, I understand that the Forum will be providing a more developed proposal to me in the coming weeks which can better articulate the role public banking can play...

Written Answers — Department of Finance: Departmental Legal Costs (3 Mar 2015)

Michael Noonan: The information requested by the Deputy is set out below. Department of Finance: A panel of three legal advisors novated from the NTMA to the Department of Finance with effect from 1 January 2012 and was in place until March 2014. This panel included only one of the solicitors firms referred to in the question. The procurement for legal advisors was carried out by the Banking Unit in the...

Written Answers — Department of Finance: Tax Code (3 Mar 2015)

Michael Noonan: The rate of capital gains tax (CGT) is 33% and has been increased four times since 2008 when it stood at 20%. These rate increases were necessary to protect the yield from CGT in the context of the required rebalancing of the public finances over that time. In the circumstances, increases in the taxation of capital were considered preferable from the point of view of the impact on the economy...

Written Answers — Department of Finance: Universal Social Charge Exemptions (3 Mar 2015)

Michael Noonan: There is no universal social charge payable by employers and thus there is no potential for a reduction in it.

Written Answers — Department of Finance: Mortgage Arrears Rate (3 Mar 2015)

Michael Noonan: I am informed by the Central Bank of Ireland (CBI) that the CBI's Residential Mortgage Arrears and Repossession Statistics are published quarterly. The last publication was for end-Q3 2014 and is available here: . The Residential Mortgage Arrears and Repossessions Statistics are collected from a large number of reporting institutions and are designed to capture all mortgage loans secured...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (3 Mar 2015)

Michael Noonan: I am aware that the Ombudsman wrote to the Secretary General of my Department and made comments regarding the eligibility criteria of the Disabled Driver and Disabled Passengers Scheme. The Ombudsman did not say that the criteria were discriminatory but that in his opinion they were narrowly focused and prescriptive. The Scheme and qualifying criteria were designed specifically...

Written Answers — Department of Finance: Banking Sector Regulation (3 Mar 2015)

Michael Noonan: The Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015 was published in January and second stage of the Bill was taken in the Dáil on 4 February. Since then, my officials have been in contact with the Central Bank and with the Office of the Attorney General to further progress the legislation. It remains my intention to ensure that borrowers whose loans are sold by a...

Written Answers — Department of Finance: Mortgage to Rent Scheme Eligibility (3 Mar 2015)

Michael Noonan: The administration of the Mortgage To Rent (MTR) scheme falls under the responsibility of Mr Alan Kelly TD, Minister for the Environment, Community and Local Government. I have no role in setting the valuation of properties for the MTR Scheme. All MTR operators are bound by the existing MTR Scheme introduced by the Minister for the Environment in response to a recommendation in the...

Written Answers — Department of Finance: Tax Reliefs Availability (26 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the Planning and Development Act, 2000 enables a planning authority, when granting a planning permission, to include conditions requiring the payment of a contribution in respect of - public infrastructure, and - facilities benefiting development in the area of the planning authority. There is no specific tax relief provided in respect of...

Written Answers — Department of Finance: Liquor Licensing Laws (26 Feb 2015)

Michael Noonan: The Licensing Acts 1833 to 2010, together with the Finance (1909-10) Act 1910, provide the regulatory framework for liquor licences, including the licences relevant to the brewing and sale of beer. A beer manufacturer's licence is required for the production and wholesale supply of beer. A person who is engaging solely in the wholesale supply of beer is required to hold a 'wholesale...

Written Answers — Department of Finance: Tax Collection (26 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that they do not have an application for a VAT registration from the persons concerned. Revenue has made contact with the persons concerned and advised them how to proceed with such an application.

Written Answers — Department of Finance: Tax Compliance (26 Feb 2015)

Michael Noonan: It is assumed that the Deputy is referring to the National Contractors Project being run by the Revenue Commissioners. A comprehensive reply on the National Contractors' Project was provided to the Deputy to Question No. 38 of 11 June 2014 and updated statistics were provided to the Deputy to Question Nos. 313 and 128 of 2014 of 17 September and 18 December 2014...

Written Answers — Department of Finance: Parliamentary Questions (26 Feb 2015)

Michael Noonan: I am advised that the responses to these questions are currently being collated by my officials and that a detailed response will be issued to the Deputy directly later this week.

Written Answers — Department of Finance: Tax Credits (26 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the projected cost of mortgage interest relief and rent relief in 2015 is approximately €275m and €50m respectively. It should be noted that both of these credits are no longer available for new claimants. Mortgage interest relief is not available for homes purchased on or after 1 January 2013 and rent relief has not been available...

Written Answers — Department of Finance: Tax Data (26 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is now available on the Revenue Commissioners' new, enhanced, statistics webpage at . In particular in response to the Deputy's Question, at detailed information is presented on the breakdowns of gross Income Tax and Universal Social Charge (USC) paid by income range. This information can be found...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 Feb 2015)

Michael Noonan: I have been informed by Permanent TSB that its Non-Core business is comprised mainly of a loan book of performing and non-performing Commercial Real Estate loans and the business of Capital Home Loans (CHL) in the UK which will be sold or wound down over time.   Permanent TSB has separately advised me that it is not currently in a sales process in respect of the sale of 5,000...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 Feb 2015)

Michael Noonan: I have been informed that AIB/EBS have no plans at this time to sell performing or non-performing mortgage loan portfolios.

Written Answers — Department of Finance: IBRC Liquidation (26 Feb 2015)

Michael Noonan: I have been advised by the Special Liquidators of IBRC that a mediation meeting with the former directors of Irish Nationwide Building Society took place, however, given that mediation is a totally confidential process, the Special Liquidators are unable to comment further on this matter.

Written Answers — Department of Finance: Revenue Commissioners Investigations (26 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they have been engaged since 2014 in an on-going compliance program that involves visits to pension providers, pension administrators and pension trustees in relation to the transfer of pension funds off-shore. The objective of the compliance program is to ensure that the purpose of any transfer of pension funds off shore is for bona fide reasons...