Results 10,741-10,760 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2014)

Michael Noonan: The information requested by the Deputy is set out in the following table. 2014 Estimate - Travel and Subsistence Annual saving to the Exchequer of a reduction by: 5% 7% 10% 12% 15% 17% 20% €541,000 - €27,050 €37,870 €54,100 €64,920 €81,150 €91,970 €108,200

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 63 to 65, inclusive, together. My Department has an allocation of €150,000 for  capital expenditure of which €75,000 is allocated to premises and €75,000 to purchase IT equipment. We expect to use the full allocation in this area. With regard to current expenditure, over 70% of my Department's current expenditure...

Written Answers — Department of Finance: Tax Yield (9 Jul 2014)

Michael Noonan: As the Deputy may be aware, the impact of SEPA on direct debits was most noticeable in the opening months of the year, with VAT and Income Tax particularly affected.  While the vast majority of SEPA related delays have unwound, there will still be some residual impacts over the rest of the year and in future years where a shortage of banking days could be an issue. By way of...

Written Answers — Department of Finance: Excise Duties (9 Jul 2014)

Michael Noonan: The end-June 2014 Exchequer returns confirmed that excise duties recorded a surplus over profile in the month of June of €58 million.   In terms of the cumulative target, excise duties were up €149 million against profile. The excise performance has been reasonably strong across a number of the excise components. In terms of where the overperfromance arise,...

Written Answers — Department of Finance: Tax Yield (9 Jul 2014)

Michael Noonan: The end-June 2014 Exchequer returns confirmed that stamp duties recorded a surplus over profile in the month of June of €17 million. In terms of the cumulative target, stamp duties were up €51 million. The performance of stamp duties has been reasonably strong across a number subheads. In terms of cumulative receipts, property receipts are up about €35...

Written Answers — Department of Finance: GDP-GNP Levels (9 Jul 2014)

Michael Noonan: Annual National Income and Expenditure results for 2013 published by the CSO on July 3rd, included substantial backward revisions to the level of nominal GDP. Of the €10.7 billion upward revision to the 2013 outturn, some €7.2bn is owing to the reclassification of R&D as investment as part of technical changes being implemented across all EU Member States under the...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (9 Jul 2014)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive (HRI) came into operation on 25 October 2013 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. Qualifying expenditure is expenditure subject to the...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (9 Jul 2014)

Michael Noonan: I am advised by the Special Liquidators that they are in the process of devising and implementing a further sales process in respect of the unsold residential mortgage assets. The Special Liquidators are legally obliged to oversee the liquidation of IBRC for the benefit of all creditors of the bank including the State. As such I am not in a position to interfere in the...

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

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and how a residential property is to be valued for Local Property Tax (LPT) purposes. LPT is a self-assessed tax and it is a matter for the property owner to calculate the tax due based on his or her assessment of the chargeable value of the property. The chargeable value is defined in the 2012...

Written Answers — Department of Finance: Tax Code (9 Jul 2014)

Michael Noonan: Where a professional service is provided to accountable persons, which in the main include State and Semi-State bodies, these persons are required to deduct from the payments made appropriate tax which is a sum representing income tax at the standard rate in force at the time of payment. This tax is known as Professional Services Withholding Tax (PSWT). I note the Deputy wishes to exempt...

Written Answers — Department of Finance: VAT Rate Application (9 Jul 2014)

Michael Noonan: The introduction and retention of the reduced VAT rate of 9% on tourism related activity, including restaurant services and hotel accommodation was a significant policy measure undertaken by the Government to create and retain jobs in the tourism sector. Tourism is a key sector in the Irish Economy and the VAT reduction measure was aimed at reducing costs during a very challenging time...

Written Answers — Department of Finance: Mortgage Protection Policies (9 Jul 2014)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the issue raised by the Deputy. However, the Central Bank has advised me that section 126 of the Consumer Credit Act 1995 (as amended) relates to the requirements on lenders and borrowers in relation to mortgage protection insurance. Section 126(2) of the Act sets out the circumstances in which a lender may waive the...

Written Answers — Department of Finance: Insurance Industry (9 Jul 2014)

Michael Noonan: Setanta is a Maltese incorporated company which was both authorised and prudentially supervised by the Malta Financial Services Authority (MFSA). The Central Bank is in contact with the MFSA in relation to Setanta Insurance Company Limited, the impact on policyholders and the provision for relevant and appropriate information. The current legal and regulatory framework...

Written Answers — Department of Finance: Departmental Staff Data (9 Jul 2014)

Michael Noonan: There are currently six civil service employees who are on temporary contracts or other non-permanent contracts of employment in my Department.

Written Answers — Department of Finance: Appointments to State Boards (9 Jul 2014)

Michael Noonan: In response to the Deputy's question all appointments made to boards of bodies under the aegis of my Department are made on the basis of qualifications and suitability to carry out the tasks required as a sitting board member. Details of the number of appointments or re-appointments made to boards under the aegis of my Department since March 2011 are contained in following table. Name of...

Written Answers — Department of Finance: State Bodies Data (9 Jul 2014)

Michael Noonan: In response to the Deputy's question there are no commercial State companies under the aegis of my Department.

Written Answers — Department of Finance: State Bodies Data (9 Jul 2014)

Michael Noonan: The information requested by the Deputy is as follows. In 2013 the Chief Executives of the National Treasury Management Agency (NTMA), the National Development Finance Agency (NDFA) and the National Asset Management Agency (NAMA) received the salaries set out in the following table. Name of Body Salary NTMA €416,500 NDFA €297,000 NAMA €365,500 The remuneration...

Written Answers — Department of Finance: State Bodies Data (9 Jul 2014)

Michael Noonan: The information requested by the Deputy is contained in the following table: List of non-commercial State sponsored Bodies Name of Body National Treasury Management Agency National Pensions Reserve Fund Commission National Development Finance Agency National Asset Management Agency Credit Union Restructuring Board (ReBo) Financial Services Ombudsman Bureau In addition the New...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (8 Jul 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to certain limits) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, and exemption from motor tax in respect of that vehicle, and relief from excise duty on fuel (up to a certain limit). To qualify...

Written Answers — Department of Finance: Tobacco Seizures (8 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, in the period from 1 July 2013 to 30 June 2014, some 70.6 million cigarettes and 9,931 kilograms of tobacco were seized. There were 5,902 seizures of cigarettes, and 959 of tobacco, in that period, reflecting Revenue's extensive programme of action against all stages of the supply chain for illicit tobacco products. Major seizures included: ...