Results 9,841-9,860 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Bodies (21 Oct 2014)

Michael Noonan: In response to the Deputy's question there is no central organisation of the State Bodies and Agencies under the aegis of my Department that receive payments by means of credit/debit card machines.

Written Answers — Department of Finance: Pension Provisions (21 Oct 2014)

Michael Noonan: Superannuation entitlements of NTMA staff are conferred under a defined benefit superannuation scheme set up under Section 8 of the National Treasury Management Agency Act 1990.  Contributions are transferred to an externally managed fund. Members of the Scheme prior to 1 January 2010 will receive benefits based on final salary. Members of the Scheme from 1 January 2010 will receive...

Written Answers — Department of Finance: Tax Credits (21 Oct 2014)

Michael Noonan: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax.  Each partner is a separate entity for tax purposes and, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married...

Written Answers — Department of Finance: Tax Code (21 Oct 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the annual turnover threshold for VAT registration depends on the nature of the business carried out.  Ireland operates two thresholds: the goods threshold, which is currently €75,000, and the services threshold, which is €37,500.  In general, a person or company who supplies services, such as musician services, must...

Written Answers — Department of Finance: Mortgage Repayments (21 Oct 2014)

Michael Noonan: I assume that the reference in the question to a compulsory annuity scheme is a reference to a pension annuity. The Deputy will appreciate that since I do not have the full details of the particular case to which he may be referring, I can only comment in general terms on the issues raised. Prior to Finance Act 1999, any person taking a pension from a Defined Contribution pension scheme...

Written Answers — Department of Finance: Flood Risk Insurance Cover (21 Oct 2014)

Michael Noonan: The provision of new flood cover or the renewal of existing flood cover is a commercial matter for insurance companies, which is based on a proper assessment of the risks they are accepting and the need to make adequate provisioning to meet these risks.  As a matter of course, insurance companies carry out reviews of the risks they are prepared to insure against and sometimes make...

Written Answers — Department of Finance: IBRC Loans (21 Oct 2014)

Michael Noonan: I am advised that the Special Liquidators are not in a position to comment on individual cases. The information requested is confidential and it would not be appropriate for the Special Liquidators to release such information.

Written Answers — Department of Finance: Freedom of Information Remit (21 Oct 2014)

Michael Noonan: It is not currently proposed that the Freedom of Information Act will be extended to regulated financial services providers including Irish Bank Resolution Corporation (in Special Liquidation). Relative to their private competitors, financial institutions in which the State have an interest would be subject to an uneven competitive market environment if they were found to...

Written Answers — Department of Finance: Tax Credits (21 Oct 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that the person concerned is in receipt of the married couple's tax credit and increased rate band for 2014. A tax credit certificate issued to the person concerned on 10 January 2014 including those details.  In addition his employer was notified of relevant details at the same time.

Written Answers — Department of Finance: Debt Restructuring (21 Oct 2014)

Michael Noonan: In my capacity as Minister for Finance, I do not have policy responsibility in relation to Ireland's representation at the UN, responsibility for which falls under the aegis of the Minister for Foreign Affairs and Trade. I have therefore asked that the Deputy's Question be referred to that Minister for reply.

Written Answers — Department of Finance: Departmental Reports (21 Oct 2014)

Michael Noonan: In my capacity as Governor for Ireland at the IMF and the World Bank, my Department manages Ireland's relationship with these institutions. In accordance with Section 10 of the Bretton Woods Agreements (Amendment) Act 1999, my Department prepares an Annual Report entitled "Ireland's Participation in the International Monetary Fund and the World Bank", which I present to Dáil Éireann...

Written Answers — Department of Finance: Bank Charges (21 Oct 2014)

Michael Noonan: While credit institutions in Ireland are independent commercial entities and I have no statutory role in relation to the charges applied by credit institutions, section 149 of the Consumer Credit Act 1995 requires that credit institutions, prescribed credit institutions and bureaux de change must make a submission to the Central Bank if they wish to introduce any new...

Written Answers — Department of Finance: Central Bank of Ireland (21 Oct 2014)

Michael Noonan: Under Section 49 of the Central Bank (Supervision and Enforcement) Act 2013, the Central Bank is required to consult with the Minister for Finance, and it may also consult with such other persons as it considers appropriate, before making regulations as provided for under that Act. As the Deputy is aware, the Central Bank has now commenced a public consultation process on the proposed...

Written Answers — Department of Finance: Property Taxation Rate (21 Oct 2014)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how a residential property is to be valued for Local Property Tax (LPT) purposes. As LPT is a self-assessed tax, the amount of LPT due on a property is based on the self-assessed valuation at 1 May 2013 that was declared by the liable person when filing the 2013 LPT1 Return, and applies for the four-year period until 2016....

Written Answers — Department of Finance: Property Taxation Exemptions (21 Oct 2014)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to quantify the potential cost of introducing a Local Property Tax (LPT) rebate for homes providing accommodation to students, as LPT returns do not include information identifying properties with student tenants on which to base an estimate.

Written Answers — Department of Finance: Water Charges Administration (21 Oct 2014)

Michael Noonan: As the Deputy is aware, I announced in the Budget that tax relief for water charges will be introduced. Relief will be available at the standard rate of 20% on water charges paid, up to a maximum of €500 per annum, which may result in tax relief of up to €100. The tax relief will be provided to whoever pays the bill. This will enable, for example, adult...

Written Answers — Department of Finance: Water Charges Administration (21 Oct 2014)

Michael Noonan: As the Deputy is aware, I announced in the Budget that tax relief for water charges will be introduced.  Relief will be available at the standard rate of 20% for water charges paid, up to a maximum of €500 per annum, which may result in a tax relief of up to €100. By its very nature, a tax relief is only available to those who have a tax liability. In...

Written Answers — Department of Finance: Budget 2015 (21 Oct 2014)

Michael Noonan: The adjustment in Budget 2015 included a suite of tax measures with a net cost of around €420 million in 2015.  With regard to voted expenditure, there was a net increase in expenditure of the order €630 million.  These measures were offset by an increase in special dividends of €250 million. ...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (21 Oct 2014)

Michael Noonan: The Fiscal Council will be producing their seventh Fiscal Assessment Report in November. This report will include an assessment of the official macroeconomic and budgetary forecasts and also an assessment of whether the fiscal stance is conducive to prudent economic and budgetary management, with reference to the EU Stability and Growth Pact. The assessment of the fiscal stance...

Written Answers — Department of Finance: Tax Yield (21 Oct 2014)

Michael Noonan: The projected yield from Deposit Interest Retention Tax (DIRT) in 2015 is in the region of €515 million.