Results 11,741-11,760 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Living City Initiative (30 Apr 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: Mortgage Schemes (30 Apr 2014)

Michael Noonan: As the Deputy will appreciate, mortgage lending decisions must be undertaken on a sustainable and prudential basis by financial institutions and must conform fully with the regulatory requirements, both in relation to the financial institution itself, and in particular to the safeguarding of the borrower's interests. This includes ensuring that the affordability of the mortgage is assessed....

Written Answers — Department of Finance: Property Taxation Collection (30 Apr 2014)

Michael Noonan: The Local Government (Household Charge) Act 2011 governs the administration of the 2012 Household Charge and provides for certain exemptions and waivers from the charge. The Deputy may be aware that the Household Charge legislation does not provide for an exemption on the basis of significant pyrite damage. In my reply to Questions 103 (31775/13) and 112 (31776/13) on 2 July 2013, I informed...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (30 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that Section 92 of the Finance Act 1989 and the Disabled Drivers and Disabled Passengers (Tax concessions) Regulations, 1994 (S.I. 353 of 1994) provide for relief from the payment of Excise Duty on specified quantities of fuel used for transporting persons registered under the scheme. On 18 March 2014, the person (details supplied) submitted an...

Written Answers — Department of Finance: Vehicle Registration Issues (30 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 123 and 124 together. I am advised by the Revenue Commissioners that temporary exemption from the payment of Vehicle Registration Tax (VRT) is provided for under S. 135 of the Finance Act 1992, as amended. Subject to certain conditions, restrictions and limitations, a qualifying vehicle, i.e. a vehicle which is validly registered outside the State, may be...

Written Answers — Department of Finance: Property Taxation Collection (30 Apr 2014)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 converted any arrears of Household Charge (HHC) that was still outstanding on 1 July 2013 to a Local Property Tax (LPT) liability of €200 per property and made Revenue responsible for collecting the tax. On assuming responsibility for the collection of HHC, Revenue received the Register from the...

Written Answers — Department of Finance: Property Taxation Collection (30 Apr 2014)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 converted any arrears of Household Charge (HHC) that was still outstanding on 1 July 2013 to a Local Property Tax (LPT) liability of €200 per property and made Revenue responsible for collecting the tax. On assuming responsibility for the collection of HHC, Revenue received the Register from the...

Written Answers — Department of Finance: VAT Rate Application (30 Apr 2014)

Michael Noonan: The VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply. Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate of 23%. Parts or accessories and training are also liable to VAT at the standard rate. There is no provision in the EU VAT Directive that would make it possible to exempt...

Written Answers — Department of Finance: Banking Sector Regulation (17 Apr 2014)

Michael Noonan: Due to commercial confidentiality and sensitivities, and also client/solicitor confidentiality, the Special Liquidators do not propose to provide details of whether there was/are amounts payable by IBRC (in Special Liquidation) to the firm concerned. The Special Liquidators have given significant consideration to which firm should be appointed to carry out an independent review of the legal...

Written Answers — Department of Finance: IBRC Liquidation (17 Apr 2014)

Michael Noonan: As the Deputy is aware Dr. Power had been a party to the proceedings against the former Directors of INBS. However, following further review and legal advice, it was decided by the then board of Irish Bank Resolution Corporation, in consultation with me, to discontinue the action against Dr Power. I am advised by the Special Liquidators that in light of that decision they have not...

Written Answers — Department of Finance: Tax Code (17 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners, that the capital gains tax relief contained in Section 604A of the Taxes Consolidation Act 1997 (enacted in Finance Act 2012 and extended by Finance (No 2)Act 2013 will have  no cost, in terms of capital gains tax forgone,  for a period of seven years from the time any properties to which the relief applies were acquired. ...

Written Answers — Department of Finance: Living City Initiative (17 Apr 2014)

Michael Noonan: An application for EU State Aid approval in respect of the Living City Initiative was submitted on 27th March and we look forward to hearing from the European Commission. It is difficult to be certain how long this approval process might take, but in other cases it has been up to a year. The Initiative will also be subject to a commencement order and...

Written Answers — Department of Finance: Financial Irregularities (17 Apr 2014)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties.  I have no role in the day to day workings of the office. However, the Financial Services Ombudsman has informed me that the information requested by the Deputy is as follows:   Year Total Number of Investment Complaints Mis-selling of Investments Mis-selling...

Written Answers — Department of Finance: Betting Licences (17 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the number of betting offices in the State licensed to date (15thApril 2014) for the current licensing year, is 888.  I am further advised that the licensing year runs from the 1st December to the 30th November.

Written Answers — Department of Finance: Budget 2014 (17 Apr 2014)

Michael Noonan: The following is a list of measures which were announced in Budget 2013 and Budget 2014 where EU approval has yet to be obtained. The Living City Initiative, announced in Finance Bill 2013, is a pilot project which provides certain tax incentives to make it more attractive for people to live in historic and culturally significant city centre houses. The initiative also offers incentives for...

Written Answers — Department of Finance: NAMA Property Leases (17 Apr 2014)

Michael Noonan: I am advised by NAMA that the process of acquiring these properties by NARPS, the special purpose company established by NAMA to facilitate the long-term leasing of houses and apartments by Approved Housing Bodies, is ongoing. Once NARPS has acquired the properties, it will immediately facilitate their onward leasing to Tuath. NAMA advises that it expects the properties to be made...

Written Answers — Department of Finance: Government Bonds Disposal (17 Apr 2014)

Michael Noonan: I am advised that no specific investigation of the type described has been conducted by the Department. As the Deputy will be aware the Central Bank has committed to disposing of these bonds as soon as possible provided conditions of financial stability permit. The Central Bank of Ireland provide the Department of Finance with an estimate of expected surplus income to...

Written Answers — Department of Finance: NAMA Property Sales (17 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 62 and 63 together. I am advised by NAMA that it has no involvement with the assets referenced by the Deputy.

Written Answers — Department of Finance: Dormant Accounts Fund Administration (17 Apr 2014)

Michael Noonan: Under the Dormant Accounts Act 2001, an account is deemed to be a dormant account where no transaction has been effected by the account holder for a period of 15 years. The Act makes no provision in relation to an account being classified as inactive after a period of 3 years. If the Deputy has information that financial institutions may not be complying with the provisions...

Written Answers — Department of Finance: Mortgage Repayments Issues (17 Apr 2014)

Michael Noonan: As the Deputy is aware, I have no statutory function in relation to banking decisions made by individual institutions at any particular time. Although the State is a minority shareholder in Bank of Ireland, I must ensure that the bank is run on a commercial, cost effective and independent basis to ensure their value as an asset to the State. The Relationship Framework that...