Results 9,201-9,220 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Interest Rates (25 Nov 2014)

Michael Noonan: Firstly, I must confirm to the Deputy that the lending institutions in Ireland -  including those in which the State has a shareholding - are independent commercial entities. I have no statutory role in relation to mortgage interest rates charged.  It is a commercial matter for each institution concerned.  It is not appropriate for me, as Minister for Finance, to...

Written Answers — Department of Finance: Property Taxation Application (25 Nov 2014)

Michael Noonan: I am advised by Revenue that there have been ongoing discussions with the person in question in respect of arrears of Household Charge (HHC) and more recently in respect of Local Property Tax (LPT). In regard to HHC, the Deputy will be aware that Section 156 of the Finance (Local Property Tax) Act (as amended) increased any outstanding liabilities on 1 July 2013 to €200 and...

Written Answers — Department of Finance: Departmental Contracts (25 Nov 2014)

Michael Noonan: In response to the Deputy, I am advised that neither my Department, nor any agency under my Department's remit have awarded any contracts to the company mentioned by the Deputy since 9th March 2011.

Written Answers — Department of Finance: Tax Code (20 Nov 2014)

Michael Noonan: A response to your correspondence, in relation to the VAT treatment of the installation of fixtures and fittings and cross-border concerns, was issued on 20 November 2014.  In the first instance it is worth pointing out there is no competitive disadvantage between UK and Irish VAT registered business in terms of supplying to a UK business. Depending on the supply being offered,...

Written Answers — Department of Finance: Tax Code (20 Nov 2014)

Michael Noonan: Rental income for tax purposes from such property is the gross rental income less allowable expenses incurred in earning that rent, as specified in section 97(2) of the Taxes Consolidation Act 1997. The main deductible expenses are: - any rent payable by the landlord in the case of a sub-lease; - the cost to the landlord of any goods provided or services rendered to a tenant; - the cost of...

Written Answers — Department of Finance: Vehicle Registration (20 Nov 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned made a claim to import a vehicle into the State free of Vehicle Registration Tax (VRT) under the Transfer of Residence exemption. He was notified that the claim did not meet the necessary criteria to qualify for this VRT exemption, together with an explanation as to why the exemption claim was refused. The person concerned...

Written Answers — Department of Finance: Property Taxation Collection (20 Nov 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance information in relation to the Local Property Tax (LPT) is available in the most up to date LPT statistics, which were published on 10 October 2014 on the Commissioners' website at: . Updates to these statistics will be published in due course. As shown in the statistics, the overall LPT 2013 compliance rate is estimated to be 95%....

Written Answers — Department of Finance: Central Credit Register (20 Nov 2014)

Michael Noonan: The Credit Reporting Act 2013 provides that the Central Bank of Ireland is responsible for the establishment and operation of the central credit register (CCR). I have been informed by the Central Bank that it intends to take a phased approach to the establishment and development of the register. The initial phase of the CCR will focus on the consumer credit market...

Written Answers — Department of Finance: Credit Availability (20 Nov 2014)

Michael Noonan: The SBCI has been established as a means of ensuring that SMEs are provided with sufficient finance for growth and also ensuring that credit provided to SMEs is tailored to meet their business needs.  While the product design process is not yet completed, it is anticipated that the SBCI will provide loans that are currently not typically offered in Ireland such as loans of longer...

Written Answers — Department of Finance: Tax Collection (20 Nov 2014)

Michael Noonan: I am advised by Revenue that there are on-going issues in regard to the business in question. Revenue has confirmed to me that its representative is in discussions with the relevant parties to conclude the issues and has recently received a number of separate proposals in this regard. I am assured that Revenue will not delay the conclusion of the outstanding matters once the commitments...

Written Answers — Department of Finance: Fiscal Policy (20 Nov 2014)

Michael Noonan: In formulating the most recent proposals announced in relation to the financing of Irish Water and water charges, the Government has sought to ensure that Irish Water will pass the 'Market Corporation Test'. The charging and financing structure announced on the 19th of November is based on the most up to date forecasts of Revenue, Sales and Expenditure for Irish Water...

Written Answers — Department of Finance: Fiscal Policy (20 Nov 2014)

Michael Noonan: In formulating the most recent proposals announced in relation to the financing of Irish Water and water charges, the Government has sought to ensure that Irish Water will pass the 'Market Corporation Test'. Irish Water will introduce water charges for domestic customers to fund expenditure on the treatment and provision of water services. The monies raised by water charges will...

Written Answers — Department of Finance: Property Taxation Collection (20 Nov 2014)

Michael Noonan: I am advised by Revenue that Section 38 of the Finance (Local Property Tax) Act 2012 (as amended) provides for the application of a 10% Income Tax (IT) or Corporation Tax (CT) surcharge in circumstances where there are outstanding Local Property Tax (LPT) Returns or payments on the relevant (IT/CT) filing dates. Where a liable person files an LPT Return and pays the tax due or enters into a...

Written Answers — Department of Finance: Mortgage Book Sales (20 Nov 2014)

Michael Noonan: The sale of mortgage books is a commercial matter for the entities concerned and neither the Central Bank nor the Department of Finance has a statutory function in relation to these decisions. Relationship Frameworks are in place with the State owned banks which provide that the State will not intervene in the day-to-day operations of the banks or their management decisions. These frameworks...

Written Answers — Department of Finance: Departmental Staff Data (20 Nov 2014)

Michael Noonan: The Department does not have a specific office for data protection but has nominated an official who deals with the application of the Data Protection Act within the Department.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)

Michael Noonan: I thank all the Deputies who participated in this debate and, in particular, the spokespersons for the groups and the parties. It is great to be finished and have it done thoroughly. I thank also the Chairman and his officials.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)

Michael Noonan: Go mbeirfimid beo ag an am seo arís.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)

Michael Noonan: Section 114 of the Taxes Consolidation Act 1997 provides for a tax deduction solely in respect of expenses of travel necessarily incurred in the performance of the duties of an office or employment. In general terms, this means that travel expenses incurred by an employee or office holder travelling to or from work do not qualify for a tax deduction and, where an employer pays or reimburses...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)

Michael Noonan: There are anomalies as well. There could be a difference of tax treatment for a person travelling from Belfast compared to a person travelling from Cork to Dublin, one being outside the jurisdiction.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)

Michael Noonan: I move amendment No. 98: In page 124, between lines 17 and 18, to insert the following:“6. Section 21 of the Finance Act 2013 is amended in subsection (1)(m) by deleting “(c),”.”.