Results 20,581-20,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Rebates (16 Jul 2015)

Michael Noonan: The Revenue Commissioners inform me that there are 2,139 qualifying road transport operators currently availing of the diesel rebate scheme. The total amount repaid to date for 2013 and 2014 is €0.7m and €22.7m, respectively. To qualify for the repayment, a road transport operator must comply with certain requirements and conditions of the scheme. These requirements are...

Written Answers — Department of Finance: Deposit Guarantee Scheme (16 Jul 2015)

Michael Noonan: The Central Bank of Ireland is responsible for the operation of the Deposit Guarantee Scheme (DGS), which covers licensed credit institutions operating in the State.  The DGS covers deposits up to €100,000 per eligible depositor per credit institution. The amount of covered deposits currently stands at approximately €87bn.

Written Answers — Department of Finance: Seed Capital Scheme (16 Jul 2015)

Michael Noonan: A wide range of statistical information is available on the Revenue Commissioners' Statistics webpage: .  In relation to the Deputy's question, the latest detailed information on the costs of allowances and reliefs can be found in under the heading 'Costs of Tax Expenditures'. The relevant lines are "Employment and Investment Incentive (EII)'' and "Investment in Seed Capital". The...

Written Answers — Department of Finance: Small and Medium Enterprises Debt (16 Jul 2015)

Michael Noonan: I am informed by the Central Bank that they do not publish statistics on SME debt as part of any of their statistical series. However, the Bank do publish the level of outstanding debt, through the statistical release "Trends in Business Credit and Deposits: Q1 2015", which indicates that total loans by Irish resident credit institutions to Irish resident SMEs was €52.8...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Jul 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) recently published its first Baseline Economic Impact Report. Key figures show that as at 31 December 2014: - ISIF had committed €1.4 billion to investments in Ireland, with €726 million already drawn down. - 79 Irish companies and projects with a combined annual turnover of €472 million benefit from ISIF investment -...

Written Answers — Department of Finance: Tax Residency (16 Jul 2015)

Michael Noonan: I would refer the Deputy to my previous answer to him from 5th February 2015 (Parliamentary Question Number 5372/15) which dealt with the change in company residence rules that I announced in Budget 2015. As I explained at that time, I am advised by the Revenue Commissioner that they have been advised of companies that will be affected by the change in...

Written Answers — Department of Finance: Mortgage Arrears Rate (16 Jul 2015)

Michael Noonan: I am informed by the Central Bank that it does not publish statistics in relation to the number of non-cooperating borrowers under the Code of Conduct on Mortgage Arrears (CCMA).  My Department publishes monthly data on mortgage arrears and restructures but it does not include data on non-cooperating borrowers.  It is, therefore, not possible, to provide the Deputy with...

Written Answers — Department of Finance: Mortgage Data (16 Jul 2015)

Michael Noonan: The Central Bank does not publish the number of securitised mortgages. However, Table A.18.2 of the gives the value of securitised mortgages (no longer on the balance sheet of credit institutions) advanced to Irish resident private households for the purpose of house purchase by within-the-State offices of credit institutions. This total was €36.7 billion at end-March 2015.

Written Answers — Department of Finance: Tax Reliefs Data (16 Jul 2015)

Michael Noonan: As the Deputy will be aware, since 16 October 2013, tax relief for medical insurance premiums has been restricted to the first €1,000 per adult and the first €500 per child insured. Any portion of premium paid in excess of these ceilings no longer qualifies for tax relief. Prior to this, income tax relief for medical insurance premiums was provided at source, at the standard...

Written Answers — Department of Finance: Tax Yield (16 Jul 2015)

Michael Noonan: I am advised by Revenue that a breakdown of Capital Acquisitions Tax (CAT) paid in respect of farm buildings and farm land is not available. The Deputy may be interested to know that general information pertaining to Capital Acquisitions tax net receipts is available on the Revenue statistical webpage at . Specifically, the CAT net receipts can be accessed at .

Written Answers — Department of Finance: Pension Provisions (16 Jul 2015)

Michael Noonan: Finance Act 2014 introduced changes to allow owners of approved minimum retirement funds (AMRFs) to draw down up to 4% of the assets of such funds on one occasion in each year instead of the facility to draw-down the accrued income and gains of such funds, as had applied prior to the changes. I should explain by way of background, that under the flexible options at retirement...

Written Answers — Department of Finance: Tax Code (16 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that payments made by dairy farmers in respect of milk quota super levy (under SI 227 of 2008, as amended and Council Regulation EC 1234/2007, as amended) are classified as an expense of the trade.  As such, the super levy is tax deductible in the year in which the expense is recognised in the farmer's accounts.

Written Answers — Department of Finance: Tax Code (16 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 190 and 199 together. This issue has been raised with me by Deputies and others in recent months and I am conscious of the concerns involved. Capital Acquisitions Tax applies to the beneficiary of a gift or inheritance rather than to the person making the gift or inheritance. While the rate of CAT is 33% each person has a number of life-time...

Written Answers — Department of Finance: Tax Code (16 Jul 2015)

Michael Noonan: As the Deputy will be aware, it is standard practice for the Minister for Finance to review all tax expenditures and reliefs in the run up to annual Budgets. It is also a long-standing practice of the Minister for Finance not to comment on any tax matters that could be the subject of Budget decisions. In recent years the DIRT rate has been increased to raise additional...

Written Answers — Department of Finance: Credit Unions Regulation (16 Jul 2015)

Michael Noonan: The Credit Union and Co-operation with Overseas Regulators Act 2012 provides the Central Bank with powers to make regulations. Before making regulations, the Central Bank must consult with the Minister, the Credit Union Advisory Committee and any other body that has expertise or knowledge or that the Central Bank considers appropriate. I have been informed by the Central Bank that it...

Written Answers — Department of Finance: Financial Services Regulation (16 Jul 2015)

Michael Noonan: I assume the Deputy is referring to the new macro prudential rules for residential mortgage lending put in place earlier this year by the Central Bank of Ireland.  These measures provide that, in respect of a mortgage for a principal dwelling home, first time buyers will be subject to a maximum mortgage loan to value (LTV) of 90% for a property valued up to €220,000 and...

Written Answers — Department of Finance: Tax Code (16 Jul 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that the named parties have not submitted claims for rent paid. Revenue has written to the named individuals, at the address provided, advising them of how to make a claim for Rent Relief.

Written Answers — Department of Finance: Departmental Advertising Expenditure (16 Jul 2015)

Michael Noonan: The information requested by the Deputy is set out in the following tables. Department of Finance Total Cost of Public Advertising 2014 2013 Amount (€) 240,993.99* 156,869.67***€214,800.11 relates to the Credit Review Office and is reimbursed by the participating banks **€156,869.67 relates to the Credit Review Office and is reimbursed by the participating banks...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2015)

Michael Noonan: In response to the Deputy's question my Department has its own Print Room with two staff which provides shared print services to both my Department and the Department of Public Expenditure and Reform.  The budget allocations exclusive of staff costs in respect of the services provided by the print room for 2013 and 2014 were €41,500 and €68,327 respectively. The annual...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2015)

Michael Noonan: The information requested in respect of my Department is set out in the following table: 2013 Postage €84,882.25 Payslips purchased €5,332.05 Machinery maintenance €4,840.78 Total €95,055.08 2014 Postage €55,123.92 Payslips purchased €5,243.49 Machinery maintenance €4,840.78 Total €65,208.19 Most of the costs are...