Results 8,461-8,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Greek Government Bonds (10 Feb 2015)

Michael Noonan: The first capital repayment on the loan to Greece is scheduled for 15 June 2020 for €2,998,730.51. Thereafter capital repayments of €4,342,989.01 are scheduled to be repaid at three-monthly intervals, the first one scheduled for 15 September 2020 and the last one scheduled for 15 March 2040.  A final payment is scheduled for 15 June 2040...

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

Michael Noonan: Ireland's programme funding did not include any element of bilateral or guaranteed loans from Greece. Ireland's three-year €85 billion EU/IMF financial support programme was comprised of €67.5 billlion in external support, and €17.5 billion from its own own resources. The external support under the programme was provided by a number of lenders: - €22.5 billion...

Written Answers — Department of Finance: Consumer Protection (10 Feb 2015)

Michael Noonan: Both the Central Bank and the Competition and Consumer Protection Commission (CCPC) (formerly the National Consumer Agency) have certain functions and legal powers in relation to the provision of hire-purchase agreements. The CCPC has specific responsibility for the authorisation of credit intermediaries under the terms of the Consumer Credit Act 1995. This includes those who act as an...

Written Answers — Department of Finance: GDP-GNP Levels (10 Feb 2015)

Michael Noonan: Under ESA 2010, the Irish Bank Resolution Corporation (IBRC) was reclassified as being within general government as of July 2011 and its debt was consolidated into general government debt. This resulted in an increase of 12.2% to the general government debt to GDP ratio in 2011.  The table below sets out the impact of the reclassification of IBRC on the general government debt to GPD...

Customs Bill 2014: Second Stage (Resumed) (5 Feb 2015)

Michael Noonan: When we discussed this previously, I was going through the Bill section by section. I had completed section 10 and was about to comment on section 12, so I will recommence at that point. Section 12 provides for the control by customs of persons entering or leaving the State and of their baggage. The section also provides for the operation of a red-green channel system, with which...

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

Michael Noonan: As the Deputy is aware, for reasons of taxpayer confidentiality, the Revenue Commissioners are prohibited from providing information in respect of any individual taxpayer or any small group of taxpayers.  I am advised by Revenue  that mandatory deductions at source from salary or occupational pensions applied for Local Property Tax  in relation to about 30,000...

Written Answers — Department of Finance: Fuel Laundering (5 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 100 to 109, inclusive, together. I am advised by the Revenue Commissioners that the number of oil laundries detected and closed down in the period from 2010 to 2014 was 35. Details of those detections, by year and by the counties in which they occurred, are set out in the following table. Year Cavan Donegal Dublin Laois Louth Meath Monaghan Offaly...

Written Answers — Department of Finance: Tax Credits (5 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that details of the 2015 tax credits were issued to the person's pension provider in December 2014.  These tax credits were based on the information available to Revenue at that time. The total tax credits of €2,090 for 2015 are less than those available to the person concerned for 2014, as the tax credit for rent paid is...

Written Answers — Department of Finance: Life Insurance Policies (5 Feb 2015)

Michael Noonan: I have consulted with the Central Bank of Ireland and Insurance Ireland regarding this matter.  Both bodies have advised that the question of guaranteed lifetime income does not apply to life insurance policies.

Written Answers — Department of Finance: Tax Reliefs Eligibility (5 Feb 2015)

Michael Noonan: I take it the deputy is referring to the stamp duty relief available to farmers under the age of 35 years - generally referred to as the Young Trained Farmer Relief. In common with a number of tax reliefs in relation to the transfer of farmland, it was introduced to encourage older farmers to transfer land to young farmers at an age when they would be active, thereby ensuring that farm...

Written Answers — Department of Finance: Social and Affordable Housing Provision (5 Feb 2015)

Michael Noonan: Under an initiative agreed with the then Minister for the Environment, Community and Local Government in 2012, NAMA has to date identified 5,753 houses and apartments held by its debtors and receivers as being available and potentially suitable for social housing.The 5,753 properties have been identified on an ongoing basis, as they have become available, since 2012. Once NAMA identifies a...

Written Answers — Department of Finance: Tax Credits (5 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that details of the 2015 tax credits were issued to the person's pension provider in December 2014.  These tax credits were based on the information available to Revenue at that time. The total tax credits of €2,090 for 2015 are less than those available to the person concerned for 2014, as the tax credit for rent paid is...

Written Answers — Department of Finance: NAMA Loans Sale (5 Feb 2015)

Michael Noonan: As advised by the NAMA Chief Executive in his opening address to the Public Accounts Committee in December 2014, NAMA is aiming to redeem a cumulative 80% (€24 billion) of its senior debt by the end of 2016 and hopes that it will have redeemed all of its senior debt by the end of 2018.    As part of its ongoing deleveraging programme to achieve these targets, NAMA is...

Written Answers — Department of Finance: Tax Reliefs Application (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the information sought by the Deputy in respect of the number of customers for whom tax relief on their private medical insurance was capped will not be available until the 2014 annual returns are submitted later this year. I am further advised by the Revenue Commissioners that the latest available figures show that an estimated 2.2 million...

Written Answers — Department of Finance: Revenue Commissioners Staff (5 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they estimate that in the region of 1,000 staff will retire from their organisation over the next five years based on the current age profile.  Revenue's multi-annual pay ceiling for 2015-2017 provides for an annual average whole time equivalent (WTE) staff level of 5,874 while its current  whole time equivalent staff number is...

Written Answers — Department of Finance: Payment Protection Insurance (5 Feb 2015)

Michael Noonan: In March 2014, following the conclusion of its investigations,  the Central Bank reported on its review into the sales of Payment Protection Insurance ("the PPI Review"). The PPI Review included the sales by 11 credit institutions since July 2007 and resulted in a refund figure of €67.4 million (including €4.9 million in interest) to consumers. 353,806 policies were...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (5 Feb 2015)

Michael Noonan: As the Deputy will be aware, the Home Renovation Incentive was introduced on 25thOctober 2013 for repairs, renovations and improvements carried out on a person's main residence. The scheme was extended in the recent Budget to include repairs, renovations and improvements carried out on rental properties, where the relevant owners are liable to income tax. Only works...

Written Answers — Department of Finance: Tax Reliefs Availability (5 Feb 2015)

Michael Noonan: As the Deputy is aware, I introduced the Start Your Own Business initiative in Finance (No. 2) Act 2013, which provides an exemption from Income Tax for individuals who have been unemployed for a period of 12 months and who start a new, unincorporated business between 25 October 2013 and 31 December 2016. An exemption from Income Tax is provided on profits up to a maximum of...

Written Answers — Department of Finance: Mortgage Data (5 Feb 2015)

Michael Noonan: The regulations providing for the macro prudential measures are currently being finalised by the Central Bank in advance of being laid before the Houses of the Oireachtas. However, the Central Bank has advised that the draft regulations issued with Consultation Paper 87 referred to "housing loans" which is basically a loan between a lender and a borrower which is secured on residential...

Written Answers — Department of Finance: Financial Services Ombudsman (5 Feb 2015)

Michael Noonan: As the Deputy may be aware, my Department is currently progressing the amalgamation of the Offices of the Financial Services Ombudsman and the Pensions Ombudsman. A Steering Group chaired by my Department with representatives from the Financial Services Ombudsman, the Pensions Ombudsman, the Departments of Public Expenditure and Reform and Social Protection meets as necessary to...