Results 20,961-20,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Contracts Data (22 Sep 2015)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. I will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Property Tax Exemptions (23 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that  Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for a temporary exemption of at least three years from the charge to Local Property Tax (LPT) for residential properties that have been certified under Regulations made by the Minister for the Environment, Community and Local Government (S.I. No 147 of 2013) as...

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

Michael Noonan: I wish to inform Deputy that the European Parliament's TAXE Committee has not requested any documents from my Department or of the Revenue Commissioners. However, in April of this year, the Chairman of the Committee wrote to Ireland's Permanent Representative to the European Union requesting certain tax information concerning Ireland and I understand that a similar letter was issued to...

Written Answers — Department of Finance: Property Tax (23 Sep 2015)

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. Prior to 1 July 2013 collection of HHC was the responsibility of the Local Government...

Written Answers — Department of Finance: VAT Rate Reductions (23 Sep 2015)

Michael Noonan: As the Deputy is aware, there are a number of VAT rates in operation in Ireland. I am advised by the Revenue Commissioners that information on estimated costs of changes to all of the VAT rates can be found in the pre-Budget 2016 Ready Reckoner on the Revenue Statistics webpage: . While the Ready Reckoner does not show all of the specific costings requested by the Deputy, other changes can...

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

Michael Noonan: The Deputy will no doubt be aware that borrowers whose loans are sold are protected by the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 which was enacted in July this year. The purpose of the Act is to ensure that consumers retain the protections they had prior to the sale of their loan. The Act requires entities dealing with the consumer to be authorised by...

Written Answers — Department of Finance: Flood Risk Insurance Cover (23 Sep 2015)

Michael Noonan: In my role as Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation.  The provision of insurance cover, the level of premiums charged and the policy terms applied are a matter for individual insurers.  Insurance companies make commercial decisions on the provision of insurance cover based on their assessment of the...

Written Answers — Department of Finance: Tax Yield (23 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the annual yield from Vehicle Registration Tax in respect of new and used imported vehicles for the period 2004 to 2014 is as follows: Year New Vehicles Used Vehicles Total - €m €m €m 2004 889.3 56.7 946.0 2005 1,043.6 105.2 1,148.8 2006 1,135.1 152.3 1,287.4 2007 1,231.8 174.2 1,406.1 2008 927.4 193.4...

Written Answers — Department of Finance: Tax Reliefs Eligibility (23 Sep 2015)

Michael Noonan: Section 823A of the Taxes Consolidation Act 1997 provides for relief from tax on emoluments of certain individuals who are resident in the State for tax purposes but who spend significant amounts of time carrying out the duties of their employment in a relevant state, as defined in that section. It is not a requirement that an employee be employed by an Irish incorporated company in order to...

Written Answers — Department of Finance: Insurance Industry Regulation (23 Sep 2015)

Michael Noonan: In my role as Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation. The Central Bank of Ireland regulates non-life insurers; however, it does not approve car insurance premiums. The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an...

Written Answers — Department of Finance: Property Tax Exemptions (24 Sep 2015)

Michael Noonan: I am advised by Revenue that properties located in 'unfinished' housing estates must be included on 'prescribed lists' that are approved by the Minister for the Environment, Community and Local Government in order to qualify for any exemption or waiver from Local Property Tax (LPT) or Household Charge (HHC). The 'prescribed lists' can be viewed at , and any alterations to their content are a...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (24 Sep 2015)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) commenced lending in March 2015 through both Bank of Ireland and Allied Irish Bank (AIB). To the end of June 2015 in excess of €44.6 million euro had been lent in lower cost loans to over 1600 SMEs across Ireland. Both AIB and Bank of Ireland are obliged to report to the SBCI the interest rate applied on each loan they advance...

Written Answers — Department of Finance: Public Sector Staff Remuneration (24 Sep 2015)

Michael Noonan: I wish to inform the Deputy that no bonus remuneration was paid to staff in my Department. In relation to bodies under the aegis of my Department the only body that has paid bonuses is the NTMA. I understand from the NTMA that it made performance-related payments in 2015 to 16 staff in respect of 2014. These payments, in aggregate, totalled €79,200. No performance related...

Written Answers — Department of Finance: Banking Sector (24 Sep 2015)

Michael Noonan: The Deputy will be aware that it is not the practice of the Minister for Finance to comment in advance on items which may or may not be part of the Budget and Finance Bill. To summarise the issue to date, I requested a report from the Central Bank on the topic which was published in May. I met with the six main mortgage lenders and outlined my view that the standard variable rate...

Written Answers — Department of Finance: Motor Tax Rates (24 Sep 2015)

Michael Noonan: Following a meeting with a representative group of the hauliers in November last year, I gave a commitment to reduce commercial road tax for heavy goods vehicles over 12 tonnes. However, it is not the practice to comment in advance of the Budget on any initiatives that might be the subject of Budget decisions.

Written Answers — Department of Finance: NAMA Staff Data (24 Sep 2015)

Michael Noonan: I am advised by NAMA that to date no staff member has left due to redundancy and therefore no payments have been made under the NAMA redundancy programme. As previously advised,  the NAMA Board has projected based on its current strategy that the total number of staff assigned to NAMA will reduce from 342 currently to 291 by the end of this year and to 125 by the end of 2016 subject to...

Written Answers — Department of Finance: Tax Yield (24 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the monthly Betting Duty yield in 2014 and for the period January to August 2015 is shown in the following table. - 2014 €m 2015 €m Jan 5.3 5.6 Feb 0.6 0.3 Mar 0.5 0.3 Apr 5.6 6.3 May 0.4 0.4 Jun 0.2 0.2 Jul 6.2 6.3 Aug 1.0 0.4 Sep -0.1 - Oct 6.1 - Nov 0.2 - Dec 0.2 - Total 26.2 19.8

Written Answers — Department of Finance: NAMA Expenditure (24 Sep 2015)

Michael Noonan: I am advised by NAMA that, to date, it has advanced €2.5 billion in new development funding to debtors and receivers across a range of commercially viable residential and commercial property development projects.  I am further advised that development funding has been advanced to, in total, 265 debtor connections.

Written Answers — Department of Finance: NAMA Operations (24 Sep 2015)

Michael Noonan: Section 227(3) of the NAMA Act requires as soon as may be after 31 December 2012 and every 5 years after that while NAMA continues to be in existence, the Minister shall assess the extent to which NAMA has made progress toward achieving its overall objectives, and decide whether continuation of NAMA is necessary having regard to the purposes of this Act. As has been referred to in...

Written Answers — Department of Finance: Public Interest Directors (24 Sep 2015)

Michael Noonan: I can confirm for the Deputy that I have notified Bank of Ireland that my current intention is to appoint a replacement director in due course  to the board of Bank of Ireland, following the sad loss of Mr Joe Walsh. I am not in a position at this stage to give a specific date however.