Results 12,801-12,820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Contracts Data (11 Feb 2014)

Michael Noonan: The information requested by the Deputy for my Department is outlined below. Information relating to the National Treasury Management Agency (NTMA) is not included. vI will forward it to the Deputy as soon as possible.   Department of Finance: Professional Services 2011 2012 2013 2014 Tendered Purpose Arthur Cox €1,373,060 €2,879,427 €1,728,407  ...

Written Answers — Department of Finance: VAT Rebates (11 Feb 2014)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT, this includes services provided by the coach and bus sector. This means that a person who provides a bus or coach service does not register for VAT and does not charge VAT on the supply of their services.  This also includes the hiring of a coach with a driver.  Persons who are exempt from VAT cannot...

Written Answers — Department of Finance: Property Taxation Data (11 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 153 and 154 together. I am advised by the Revenue Commissioners that they have published on their website at and http://www.revenue.ie/en/tax/lpt/lpt-stats-initial- 2014.pdf  the preliminary data available in relation to LPT for 2013 and 2014 respectively.  The data shows that as at 6 November, mandatory deduction at source from wages or...

Written Answers — Department of Finance: Credit Availability (11 Feb 2014)

Michael Noonan: As the Deputy is aware, as part of the 2011 recapitalisation exercise, the Government imposed SME lending targets on AIB and Bank of Ireland for the three calendar years, 2011 to 2013. Each bank was required to sanction lending of at least €3 billion in 2011, €3.5 billion last year and €4 billion in 2013 for new or increased credit facilities to SMEs. Both banks have...

Written Answers — Department of Finance: Excise Duties Yield (11 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of excise receipts by category and by month from January 2012 to December 2013 is as shown in the tables below. Please note that the receipts shown for 2013 are provisional and are subject to revision. Information for January 2014 is not available yet. 2012 Alcohol Tobacco Oils Carbon VRT Other Excise €m €m...

Written Answers — Department of Finance: Tobacco Seizures (11 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the numbers of seizures of cigarettes and tobacco, and the quantities seized, each month since January 2013 are as detailed in the following table.  Seizures of Cigarettes and Tobacco Cigarettes - Tobacco ( Kilograms ) -  - Seizures Quantity Seizures Quantity 2013  -  -  -  - January 508 1,497,781 95 325.37...

Written Answers — Department of Finance: Tax Credits (11 Feb 2014)

Michael Noonan: The single person child carer credit (and the associated increase in the standard rate band) is, in the first instance, only available to the principal carer of a qualifying child.  The principal carer is the individual with whom the child resides, and who looks after the child, for the year or the greater part of the year.   In introducing the credit, the Government had...

Written Answers — Department of Finance: Departmental Advertising Expenditure (11 Feb 2014)

Michael Noonan: The information for the Deputy is in tabular readable form as requested. Method Cost (inc. VAT where applicable) Company/Organisation Print €47,521.12 Public Appointments Service (PAS) - €7,535.38; Iris Oifiguil €15,295; Brindley Advertising - €24,690.74 Internet & social media €1,466.25 PAS Total €48,987.37  -   A...

Written Answers — Department of Finance: Departmental Social Media Monitoring (11 Feb 2014)

Michael Noonan: In response to the Deputy's question the Department of Finance Press Office, in addition to other duties, monitors online, print and broadcast media. In addition, the Department has a twitter account @irldeptfinance and we currently follow 481 accounts and have 3,714 followers.  

Written Answers — Department of Finance: Insurance Industry (11 Feb 2014)

Michael Noonan: I am informed by Permanent TSB that it is normal lending practice to ensure that a customer has in place sufficient life assurance to cover the value of their mortgage (which with limited exceptions is otherwise a legal requirement under the Consumer Credit Act),  together with home insurance to cover the replacement value of a house on which the mortgage is charged....

Written Answers — Department of Finance: VAT Rate Application (11 Feb 2014)

Michael Noonan: The supply of dog grooming services is liable to VAT at the standard rate, currently 23 per cent.  Paragraph 21(3) of Schedule 3 to the Value-Added Tax Consolidated Act 2010 provides that the supply of services by a veterinary surgeon in the course of their profession is liable at the reduced rate of VAT, currently 13.5%.  Where a veterinary surgeon carries out a dog grooming...

Written Answers — Department of Finance: Mortgage Schemes (11 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 163 and 164 together. I have been informed by AIB that the new split mortgage product will be available to AIB and EBS customers on a case by case basis subject to a full assessment of their financial position. AIB have also informed me that the new split mortgage product will be available to customers who have...

Written Answers — Department of Finance: State Claims Agency (11 Feb 2014)

Michael Noonan: The information requested by the Deputy is set out under the following subheadings. 1. Total amount of money spent by the State Claims Agency on legal fees in 2012 and in 2013  - 2012 (€m) 2013 (€m) Legal Cost Transactions per year 17,165,197 18,443,185 Total Defence Legal  Costs 21,931,385 24,314,355  Total Claimant Legal Costs 39,096,582...

Written Answers — Department of Finance: State Claims Agency (11 Feb 2014)

Michael Noonan: The State Claims Agency directly employs 20 solicitors and 2 barristers. 12 solicitors are employed as clinical claims managers, being specialists in the management clinical negligence claims, whilst 6 solicitors are employed as in-house litigation managers. One solicitor is also a legal costs accountant in the Agency's Legal Costs Unit. A barrister and a solicitor are employed as...

Written Answers — Department of Finance: Central Bank of Ireland (11 Feb 2014)

Michael Noonan: The Central Bank has informed me that Home Payments Limited was not authorised by the Central Bank of Ireland ('Central Bank').  At the time Home Payments Limited was in operation, there was no regime in place targeting specifically the authorisation and supervision of businesses labelled "bill payment", "debt management" or "debt advice". Eamonn Richardson of KPMG and Eamonn...

Written Answers — Department of Finance: Fuel Laundering (11 Feb 2014)

Michael Noonan: I am sure the Deputy will appreciate that it is inherently difficult to estimate the extent of any illicit activity and its impact on the exchequer and the wider economy.  The Revenue Commissioners advise me that while there is no reliable estimate of the scale of illegal activity in the fuel sector, they recognise that the laundering of markers from rebated fuels represents a...

Written Answers — Department of Finance: Pensions Legislation (11 Feb 2014)

Michael Noonan: By way of background, Approved Retirement Funds (ARFs) were introduced by Finance Act 1999 to provide control, flexibility and choice to holders of personal pensions and to proprietary director members of occupational pension schemes in relation to the drawing down of benefits from their pension plans. Prior to that Act, any person taking a pension from a Defined Contribution (DC) scheme or a...

Written Answers — Department of Finance: Property Taxation Administration (11 Feb 2014)

Michael Noonan: As indicated previously to the Deputy, the Inter-departmental group, chaired by Dr Don Thornhill, set up to consider the design of a property tax (the Thornhill Group) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The group recognised the...

Written Answers — Department of Finance: Universal Social Charge Exemptions (11 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they inadvertently included a Forestry Establishment Grant when calculating the income of the person (details supplied).  Universal Social Charge (USC) was charged on this grant amount and they apologise for this error. Universal Social Charge is payable only on the subsequent annual forest premium payments earned. However the...

Written Answers — Department of Finance: Property Taxation Application (11 Feb 2014)

Michael Noonan: Part 10 of the Finance (Local Property Tax) Act 2012 (as amended) provides for payment of the Local Property Tax (LPT) by deduction at source from certain payments made by the Department of Social Protection (DSP). I am advised by the Revenue Commissioners that the administrative arrangements concerning deduction of LPT from Department of Social Protection payments were implemented in...