Results 20,341-20,360 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Eurozone Crisis (30 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 270 and 271 together. The European Council meeting of Heads of State and Government took place on 25 and 26 June in Brussels. The Taoiseach represented Ireland at the meeting. During the same week, a Euro Summit was convened at short notice on 22 June, which the Taoiseach also attended. In addition, special Eurogroup meetings on Greece were organised for...

Written Answers — Department of Finance: Departmental Meetings (1 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they have not been involved in any consultations with the company concerned concerning the possible renewal of the agreement in question. I understand that the European Commission has had exploratory talks with the company but that no decision has been made as yet on whether or not to enter into formal negotiations on a new agreement. A...

Written Answers — Department of Finance: Pensions Levy (1 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 70, 73 and 76 together. The original 0.6% stamp duty levy on pension fund assets ended last year. The additional levy of 0.15% which I introduced for 2014 and 2015, mainly to help continue to fund Jobs Initiative, will also end after this year. There are well-documented reasons why many individuals are not investing or not investing sufficiently in...

Written Answers — Department of Finance: VAT Rebates (1 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a claim for refund of VAT was made to them by the person concerned.  Approximately half of the claim was supported by the appropriate original invoices and has been refunded. The documentation to support the remainder of the claim has not been received to date. The balance of the claim will be processed by Revenue as quickly as possible...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (1 Jul 2015)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive was introduced in Budget 2014. The scheme 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. In Budget...

Written Answers — Department of Finance: Financial Services Regulation (1 Jul 2015)

Michael Noonan: An Post have been engaged with my Department regarding their proposal to provide a payment account.  There are a number of steps that the company must complete including a statutory consultation with the Minister for Communication, Energy and Natural Resources.  Once the necessary procedures have been completed the proposal will be submitted for my decision. I...

Written Answers — Department of Finance: Official Engagements (1 Jul 2015)

Michael Noonan: As the Deputy will be aware, discussions are ongoing on the post-2015 development agenda which is focused on agreeing a set of sustainable development goals which will be targets for developed and developing countries alike. Underlying this framework is the Financing for Development process which seeks to reach an agreement, later this year, among the participating countries on a financing...

Written Answers — Department of Finance: Departmental Expenditure (1 Jul 2015)

Michael Noonan: The Department invests heavily in its people to be the best and to represent Ireland both in Europe and internationally. The Project management Office and Tax Division in conjunction with the Learing and Development Unit now run both a Diploma in Taxation and a Diploma in Project Management for staff, which is a recognised level 8 Special award on the Quality and Qualifications...

Written Answers — Department of Finance: Departmental Expenditure (1 Jul 2015)

Michael Noonan: The total amount of professional fees paid by my Department in 2014 was €1,745,878.41 (inclusive of VAT). A reduction of 10% would have produced a saving of €174,587.84.

Written Answers — Department of Finance: Departmental Expenditure (1 Jul 2015)

Michael Noonan: I wish to inform the Deputy that I have two Special Advisors in my Department. If the salaries of my two Special Advisors were capped at the first point of the Principal Officer grade, the total gross salary payable would reduce from €168,934 to €151,294. The annual saving to the Exchequer would be impacted further by a reduction in statutory deductions.  Special...

Written Answers — Department of Finance: Departmental Expenditure (1 Jul 2015)

Michael Noonan: In answer to the Deputy's question I have been provided with the following information regarding the effect of a 25% decrease in fees for all State agency, non-commercial State sponsored bodies and commercial semi-State board members under the Aegis of the Department of Finance. Irish Fiscal Advisory Council There are five members of the Irish Fiscal Advisory Council (IFAC), including the...

Written Answers — Department of Finance: Ministerial Meetings (2 Jul 2015)

Michael Noonan: As the Deputy will appreciate, in view of the range of my remit as Minister of Finance I receive a large volume of representations, including requests for meetings from a broad range of sources, including members of the Oireachtas, local and voluntary groups and private individuals and companies. As my Office does not maintain a central register of all such requests for meetings or...

Written Answers — Department of Finance: Tax Reliefs Eligibility (2 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. I have no plans to extend the rent-a-room scheme to include guest accommodation lettings under AirBnB. This scheme is intended to increase the supply of rental accommodation by incentivising homeowners to rent out rooms in their principal primary residences to individuals on a residential basis. A copy of an e-brief in relation to the...

Written Answers — Department of Finance: Banks Recapitalisation (2 Jul 2015)

Michael Noonan: In recent years taxpayer funded bail outs of banks occurred all over Europe and indeed the world. A major problem facing governments was that authorities simply did not have the tools to manage their failure in an orderly manner. To address this problem the European Commission proposed a common EU-wide framework for the recovery and resolution of banks facing difficulties. This...

Written Answers — Department of Finance: Tax Code (2 Jul 2015)

Michael Noonan: Capital Acquisitions Tax (CAT) is the overall title for both Gift and Inheritance Tax. The tax is charged on the amount gifted to, or inherited by, the beneficiary of the gift or inheritance. For the purposes of CAT, the relationship between the person who provides the gift or inheritance (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary),...

Written Answers — Department of Finance: IBRC Loans (2 Jul 2015)

Michael Noonan: Officials in my Department have advised the Deputy that the information requested in this parliamentary question is not held by my Department and that the process of retrieving and collating the information would be undertaken by the Special Liquidators of IBRC. Given that the loan facility letters are not held in electronic format, the Special Liquidators have advised my...

Written Answers — Department of Finance: Money Laundering (2 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 68 and 69 together. The 4th Anti-Money Laundering Directive which was agreed on the  20th May 2015 covers a number of policy areas which come under the responsibility of a range of Departments and Offices. Transposition is due by the 26 June 2017.  The issue of beneficial ownership of companies falls under the remit of the...

Written Answers — Department of Finance: NAMA Assets Sale (2 Jul 2015)

Michael Noonan: NAMA, in the context of its overriding commercial mandate, seeks to manage its portfolio in Ireland in a way that complements the objectives of other public bodies, including Government departments, State agencies and local authorities.  In line with this, I am informed by NAMA that in circumstances where public bodies initiate engagement with NAMA and indicate an interest in...

Written Answers — Department of Finance: Pension Fund Fees (2 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the 0.15% stamp duty levy applying in 2015 to the market value, on the valuation date (30 June), of assets under management in pension funds and pension plans approved under Irish tax legislation falls due for payment not later than 25 September 2015. I am further advised by the Commissioners that the person responsible for payment of...

Written Answers — Department of Finance: Greek Government Bonds (2 Jul 2015)

Michael Noonan: Ireland participated with pooled bilateral loans to Greece under the Greek Loan Facility (GLF) in 2010. Ireland provided €347 million before stepping out of the GLF upon entering our own programme at end-2010.  Ireland also stepped out of being a guarantor for the European Financial Stability Fund (EFSF) after programme-entry and, therefore, Ireland is not a guarantor for the...