Results 21,101-21,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Bank Charges (29 Sep 2015)

Michael Noonan: All credit institutions in Ireland are independent commercial entities and I have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995 requires that credit institutions, prescribed credit institutions and bureaux de change must make a submission to the Central Bank if they wish to introduce any new...

Written Answers — Department of Finance: Credit Review Office Appeal Numbers (29 Sep 2015)

Michael Noonan: As the Deputy may have noted from my reply to his earlier question on 22 June 2015, the Credit Review Office (CRO) assists SME or farm borrowers who have had an application for credit of up to €3m declined or reduced by AIB, Bank of Ireland or Ulster Bank (who joined the review process on 1 June 2015) and who feel that they have a viable business...

Written Answers — Department of Finance: EU Membership (29 Sep 2015)

Michael Noonan: The Government's position on developments in relation to British membership of the EU has been clearly articulated, in particular by the Taoiseach and the Minister for Foreign Affairs and Trade: we very much want the UK to remain an integral member of the Union. This is important for both our economy and the ongoing development of excellent relations between Ireland and the UK. It is the...

Written Answers — Department of Finance: Property Tax (29 Sep 2015)

Michael Noonan: I propose to take Questions Nos. 296 and 301 to 304, inclusive, together. In relation to Question 33391-15, I am advised by the Revenue Commissioners that the Local Property Tax (LPT) is forecast to collect €440 million in 2015. With reference to Questions 33452-15, 33453-15 and 33454-15, I am further advised that LPT statistical data are available from the statistics webpage of the...

Written Answers — Department of Finance: Tax Collection (29 Sep 2015)

Michael Noonan: Revenue collected over €41 billion in net receipts in 2014, while its compliance programmes generated €610 million in tax, interest and penalties. The level of undisputed debt (excluding appeals) is the lowest among OECD countries, having fallen from 3.7% of net collection in 2011 to 2.1% in 2014.  The cost of tax administration in Ireland, estimated at 0.85% of collection,...

Written Answers — Department of Finance: NAMA Social Housing Provision (29 Sep 2015)

Michael Noonan: I have no intention to repurpose NAMA or its objectives, as the Deputy is suggesting. NAMA has a well-established overriding commercial mandate to recoup the best return for the Irish taxpayer and this has not changed. However, that does not mean that NAMA does not carry out objectives, such as facilitating the delivery of residential and social housing, which are...

Written Answers — Department of Finance: Tax Credits (29 Sep 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the respective estimated first and full year costs to the Exchequer of introducing such a credit for the following amounts: €135, €200, €250, €300, €350 and €400 are set out in the following table: Credit First Year Cost €m Full Year Cost €m €135 24 45 €200 36 66...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Management (30 Sep 2015)

Michael Noonan: The ISIF has advised that they do not perceive a conflict of interest arising from Mr. O'Connor's appointment as Chairman of Activate Capital as (i) Mr. O'Connor stood down as Chairman of AIB in 2010, and (ii) his recently ceased directorship of CRH was in a non-executive capacity and regardless of this fact CRH, as a supplier of building materials, is not in the business...

Written Answers — Department of Finance: Tax Code (30 Sep 2015)

Michael Noonan: The seafarers allowance, which is provided for under section 472B of the Taxes Consolidation Act 1997, applies to the shipping industry and is currently an approved state aid under EU rules. The allowance of €6,350 at the marginal rate is conditional on a seafarer being at sea for at least 161 days in a tax year. The duties must be wholly performed aboard sea-going ships on an...

Written Answers — Department of Finance: VAT Rebates (30 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a claim for a refund of VAT from the person (details supplied) was received by them on 15 June 2015. However, as the item in question was purchased outside the State, a refund of Irish VAT does not arise. The person concerned was advised of the position on 23 June 2015.

Written Answers — Department of Finance: Primary Medical Certificates Applications (30 Sep 2015)

Michael Noonan: A person who is unsuccessful in their application for a Primary Medical Certificate may appeal the decision to the Disabled Drivers Medical Board of Appeal, which makes a new clinical determination in respect of the individual. After six months a citizen can reapply if there is a deterioration in their condition. I am informed by the Disabled Drivers Medical Board of Appeal that...

Written Answers — Department of Finance: Freedom of Information Requests (30 Sep 2015)

Michael Noonan: In relation to resources in the Department allocated to the Freedom of Information Act, there is a dedicated FoI Unit and a decentralised decision-making process in the Department.  The role of the FoI Unit, which has 4 full-time staff, is to receive, allocate, monitor and administer the Freedom of Information requests but that Unit does not,...

Written Answers — Department of Finance: Mortgage Arrears Proposals (30 Sep 2015)

Michael Noonan: I am pleased to inform the Deputy that the latest Central Bank quarter two release on mortgage arrears shows that Government policy is working and the number of accounts in arrears is in consistent decline, while more than 118,500 mortgages have been restructured. This means that each one of these mortgage holders has agreed an affordable payment with their bank. I have noted...

Written Answers — Department of Finance: Tax Code (30 Sep 2015)

Michael Noonan: Rent-a-room relief is provided for in section 216A of the Taxes Consolidation Act (TCA) 1997. Under that section, sums arising to an individual in respect of the letting of a room or rooms as residential accommodation in his or her home and from meals or other services supplied in connection with the letting, are exempt from income tax where they are below the annual limit for the tax year...

Written Answers — Department of Finance: IBRC Loans (30 Sep 2015)

Michael Noonan: I am advised by the Special Liquidators that, following a review of the analysis previously undertaken by them in response to Parliamentary Question No. 67 of 2 July 2015, they have identified that 14 Facility Letters or Agreements, all of which were amendments to the terms and conditions of existing lending relationships, were issued by Anglo Irish Bank during the period 19 January...

Written Answers — Department of Finance: EU Directives (30 Sep 2015)

Michael Noonan: Council Directive 2011/96/EU (Parent-Subsidiary Directive) was adopted in order to facilitate the establishment and effective functioning of the common market. It aimed to prevent restrictions, disadvantages or distortions arising to EU group companies by removing double taxation in the case of profit distributions made by a subsidiary located in one Member State to its parent company located...

Finance (Tax Appeals) Bill 2015: Order for Second Stage (1 Oct 2015)

Michael Noonan: I move: "That Second Stage be taken now."

Finance (Tax Appeals) Bill 2015: Second Stage (1 Oct 2015)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Bill will reform the role, functions and structure of the Office of the Appeal Commissioners and the tax appeals system, and will ensure an enhanced and cost effective appeal mechanism for tax cases, providing transparency and increased certainty for taxpayers. The Appeal Commissioners are responsible for carrying out the statutory...

An Bille um Fhorbairt Cheathrú 1916, 2015: An Chéad Chéim (1 Oct 2015)

Michael Noonan: No.

Ramming of Garda Vehicles Bill 2015: First Stage (1 Oct 2015)

Michael Noonan: No.