Results 20,181-20,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Vehicle Registration (23 Jun 2015)

Michael Noonan: I am informed by the Revenue Commissioners that when a registration number is assigned to a vehicle it remains with that vehicle until the vehicle's end-of-life or export under the Export Repayment Scheme. In the example provided in the details supplied, the registration number could be resurrected but could only be used on the vehicle to which it had originally been assigned (for example,...

Written Answers — Department of Finance: Housing Issues (23 Jun 2015)

Michael Noonan: Construction 2020 set out seventy five action points across a wide range of Government Departments, public bodies and other interested parties that seeks to provide a functioning and sustainable property and housing sector. One of these, action point number 4, asked that the barriers to housing mobility be examined and recommendations made. In line with the timescale set out, a...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (23 Jun 2015)

Michael Noonan: Securing more funding for the real economy is an important objective of the Capital Markets Union (CMU) initiative, which will run from 2015 to 2019. CMU, through a wide ranging series of measures, aims to make EU capital markets more integrated, liquid and competitive. Its ultimate purpose is to increase resilience of the financial system and provide greater opportunities for SME's,...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of income tax paid in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the start up of a new...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of income tax paid in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of PAYE in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the start up of a new...

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (23 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 219 and 220 together. In response to the Deputy's question the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial...

Written Answers — Department of Finance: Budget Submissions (23 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 221 and 222 together. The 2009 report of the Commission on Taxation recommended a deferral system be introduced for the collection of mineral oil taxes.  The report noted there was no reason for the absence of a deferral system which imposed an unfair burden on the industry and was contrary to the practice in other EU Member...

Written Answers — Department of Finance: EU Directives (23 Jun 2015)

Michael Noonan: The Bank Recovery and Resolution Directive (BRRD) lays the ground rules for the future application of resolution tools in all Member States and incorporates the principle that shareholders should bear losses first and that creditors bear losses after shareholders. There are three pillars to the BRRD framework to facilitate a range of appropriate actions by authorities: -...

Written Answers — Department of Finance: Mortgage Interest Rates (23 Jun 2015)

Michael Noonan: As the Deputy will be aware, I met with senior management of Ireland's six main mortgage providers including Permanent TSB in May. The meetings focused on the mortgage market and specifically the comparatively high standard variable rates currently being charged by the banks. I outlined my view, that Standard Variable Rates being charged in the Irish market are too high. ...

Written Answers — Department of Finance: Eurozone Crisis (23 Jun 2015)

Michael Noonan: Following circulation of an Aide Memoire and a list of Prior Actions to the Greek authorities in the first week of June and a subsequent meeting between Prime Minister Tsipras, European Commission President Juncker and Eurogroup President Dijsselbloem to discuss the proposal, it seemed like both sides were moving closer together. However following submission of Greek...

Written Answers — Department of Finance: Financial Services Regulation (23 Jun 2015)

Michael Noonan: This question covers a number of areas. Actions to address banks that are "acting fraudulently" Directors of banks operating in Ireland are required to ensure that they have governance and control arrangements in place that comply with the European Banking Authority's Governance Guidelines, and inter alia, the Central Bank of Ireland's Corporate Governance Code. Directors of any Irish...

Written Answers — Department of Finance: EU Monetary Policy (23 Jun 2015)

Michael Noonan: The President of the ECB, in a recent speech, discussed the evolution of monetary policy since the crisis and the challenges and benefits associated with the decisions made to date. This included a reference to the distributional consequences of monetary policy by penalising savers to the benefit of debtors and through asset price increases which may disproportionately favour the...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (23 Jun 2015)

Michael Noonan: The Fiscal Assessment Report published recently by the Council is being considered by my officials.  As is normal, a comprehensive response to all of the pertinent issues will be published in the coming weeks. I will however, give my initial views on a significant issue raised by the Council.  As the Deputy will be aware, from 2016 onwards, the public finances in Ireland will...

Written Answers — Department of Finance: Departmental Staff (23 Jun 2015)

Michael Noonan: No official from my Department accompanied the Minister for Foreign Affairs and Trade on his recent visit to Switzerland.

Written Answers — Department of Finance: Tax Data (23 Jun 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the purpose of the EU Savings Directive is to ensure that individuals resident in an EU member state who receive interest income from another Member State are taxed in the Member State in which they are resident for tax purposes.  To this end, payments of interest are either (1) reportable by paying agents in the EU to the tax authorities...

Written Answers — Department of Finance: Government Deficit (23 Jun 2015)

Michael Noonan: As per Parliamentary Question No.163 of the 15thof April 2015 (14545/15) and Box 1 on page 15 of the April 2015 'Stability Programme Update' (SPU) Irish Water is provisionally classified within general government pending a final classification decision by Eurostat. This is a closed process and the CSO are now awaiting a final adjudication in relation to the matter. Following the decision...

Written Answers — Department of Finance: Banking Sector Staff (23 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 232, 243 and 259 together. As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks in which it holds investments or their management decisions regarding commercial matters and hence any discussions around matters such as outsourcing are a matter for the bank, the...

Written Answers — Department of Finance: Tax Data (23 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that information on the number of estates of deceased persons where benefactors became subject to Capital Acquisitions Tax is not available. However, the numbers of individual disponers who provided property by way of an inheritance, and where their beneficiaries paid Capital Acquisition Tax, is shown in the following table. Number of individual...

Written Answers — Department of Finance: Tax Code (23 Jun 2015)

Michael Noonan: I can confirm that the costings referred to have been received from the Revenue Commissioners.  I am informed by Revenue that, on a yield costing basis, there could be an overall net loss of about €18m associated with the change, and that the loss could be significantly larger than this.  There would also be significant administrative issues and costs...