Results 8,981-9,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Oil Specifications (10 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 67 and 68 together. I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that they are very aware of the risks posed to consumers' vehicles, legitimate businesses and the exchequer by all forms of such fraud. Revenue has, over the recent past, received reports from a variety of locations around the country of problems...

Written Answers — Department of Finance: Property Taxation Administration (10 Dec 2014)

Michael Noonan: I am advised by Revenue that the issues to which the Deputy refers occurred because the property was registered for Local Property Tax (LPT) using the PPS number of the deceased spouse of the person in question. The registration, which was completed by a family member through the LPT online system resulted in all of the various notifications and payment reminders being issued in the name of...

Written Answers — Department of Finance: Insurance Compensation Fund (10 Dec 2014)

Michael Noonan: At the outset I would like to say that I am aware of the difficulties that the liquidation of Setanta Insurance Company Limited has caused for Setanta policyholders and those claiming compensation under Setanta insurance policies.   You will appreciate that a liquidation of an insurance company is a legally complex and time consuming process.  The situation...

Written Answers — Department of Finance: Motor Insurance Regulation (9 Dec 2014)

Michael Noonan: In my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are accepting and adequate provisioning to meet these risks. Neither...

Written Answers — Department of Finance: Tax Rebates (9 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the relevant repayment claim was received and processed on 13 August 2014.  On 14 August a refund was credited by electronic fund transfer to the bank account then on record for the person concerned, the details of which had been previously provided to Revenue by that person.  On 16 September the person concerned advised Revenue that he...

Written Answers — Department of Finance: Central Bank of Ireland Staff (9 Dec 2014)

Michael Noonan: As Minister for Finance, I have no role in the employment of staff in the Central Bank. Under the Central Bank Act 1942, the Central Bank Commission is responsible for administrating the staffing of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers. I have been informed by the Central Bank that there are currently 53 contractors...

Written Answers — Department of Finance: Gross National Income (9 Dec 2014)

Michael Noonan: Research by  the Central Bank and ESRI in recent years has highlighted the decisions of several large multinational corporations to re-locate their corporate headquarters to Ireland since 2008. Typically, this does not involve the shift of substantive activity to Ireland or liability for tax. However, it does mean that corporate income on worldwide activity is recorded as a credit...

Written Answers — Department of Finance: Tax Reliefs Eligibility (9 Dec 2014)

Michael Noonan: I am informed by the Revenue Commissioners that in applying the agricultural relief provisions of Section 89 of the Capital Acquisitions Tax Consolidation Act 2003 (including that provision as currently being amended in Finance Bill 2014)  a farmer who has off-farm employment will not be refused  relief if he or she is either: - A farmer with an agricultural qualification or ...

Written Answers — Department of Finance: Living City Initiative (9 Dec 2014)

Michael Noonan: Officials from my Department have held preliminary discussions with the relevant local authorities to identify the areas of the six cities, Cork, Dublin, Galway, Kilkenny, Limerick and Waterford, which might fall within the scope of the scheme. Each of the local authorities have now submitted proposals on the areas which they believe should be...

Written Answers — Department of Finance: Tax Rebates (9 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person (details supplied) did not receive a tax refund in 2003 but the refund in question may relate to a repayment of tax which she received in September 2006 in respect of the year 2005.   A repayment of €7,740 issued to the person in September 2006, based on information which she supplied to Revenue.  It was subsequently...

Written Answers — Department of Finance: Mortgage Lending (9 Dec 2014)

Michael Noonan: Credit decisions are commercial matters for individual financial institutions. However, the Deputy should note that the Central Bank of Ireland's Consumer Protection Code 2012 (CPC) contains important protections for the consumers of financial services (including borrowers), by imposing 'Knowing the Consumer and Suitability' requirements on regulated financial institutions.  In...

Written Answers — Department of Finance: Fuel Laundering (9 Dec 2014)

Michael Noonan: I am informed by the State Laboratory that petrol consists of a range of different hydrocarbons and other components and must comply with certain physical and chemical specifications such as density, distillation characteristics and other fuel quality parameters.  The State Laboratory does not use just one test to establish whether a petrol sample meets the required specifications...

Written Answers — Department of Finance: European Stability Mechanism (9 Dec 2014)

Michael Noonan: The ESM Treaty entered into force on 27 September 2012, in accordance with Article 48.1 of the ESM Treaty. The European Stability Mechanism Acts 2012 and 2014 provide for Ireland's membership of the European Stability Mechanism (ESM) and payments into it. The capital structure of the ESM, which is set out in the ESM Treaty, provides for a total capital subscription of €700 billion,...

Written Answers — Department of Finance: Tax Collection (9 Dec 2014)

Michael Noonan: The figures stated in my reply to Questions 157 to 160 on 18 November 2014 relate to profits earned from the provision of stallion stud services carried out in the course of a trade during the years 2008 to 2012 inclusive.  I am advised by the Revenue Commissioners that these amounts may not include gains from the sale of stallions, nor does it include profits earned from the provision...

Written Answers — Department of Finance: Property Taxation Administration (9 Dec 2014)

Michael Noonan: I am advised by Revenue that it does not pay a fee to An Post, or to any of the payment service providers (PSPs) that are 'approved' for the collection of Local Property Tax (LPT). The four approved PSPs are An Post, Payzone, Omnivend and Paypoint. The use of such third party entities is provided for by Section 122 of the Finance (Local Property Tax) Act 2012 (as amended). Revenue has...

Written Answers — Department of Finance: Tax Reliefs Eligibility (9 Dec 2014)

Michael Noonan: Tax relief in respect of health expenses is allowed in accordance with the provisions of section 469 of the Taxes Consolidation Act 1997.  In order to qualify for relief, an individual must show that he or she has incurred "health expenses" for the provision of "health care".  For the purposes of section 469, "health care" means "the prevention, diagnosis, alleviation or treatment...

Written Answers — Department of Finance: Pensions Legislation (9 Dec 2014)

Michael Noonan: I assume that the €2 million figure and the multiple of that figure in the question are referring to the Standard Fund Threshold (SFT). At the outset I should make clear that it is pensions tax legislation and not Revenue rules that provides for the limit or ceiling on the total capital value of tax-relieved pension benefits that an individual can draw down in their lifetime from all...

Written Answers — Department of Finance: Property Taxation Collection (9 Dec 2014)

Michael Noonan: I am advised by Revenue that the person to whom the Deputy refers in his Question is meeting his Local Property Tax (LPT) obligations through the Deduction at Source (DaS) payment method in respect of the property mentioned and there is no question of any penalties or interest being applied. By way of background information in respect of penalties, Part 14 of the Finance (Local Property...

Written Answers — Department of Finance: VAT Rate Reductions (9 Dec 2014)

Michael Noonan: The 9% Vat rate has been broadly welcomed by the tourism and hospitality industry since its introduction as part of the Jobs Initiative. I indicated in my Budget speech that the 9% VAT rate will remain under review and have made it clear to the sector that if the reduced rate is not passed onto consumers, I will revisit the case for its retention. For ease of reference, I...

Written Answers — Department of Finance: An Fhoireann Rannach (9 Dec 2014)

Michael Noonan: The Department is aware of its obligations under Section 11 of the Official Languages Act 2003.  This Department has set out its obligations as part of our Irish Languages Scheme 2014-2017. There are no records available of those with a proficiency in Irish for the years 1974, 1984, 1994 or 2004. Please note that a Language and Qualifications survey was carried out during 2014 which...