Results 21,181-21,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Laundering (8 Oct 2015)

Michael Noonan: Diesel that is used in agricultural tractors and for certain other specified purposes is subject to a lower rate of excise duty and must contain prescribed markers, including a dye that gives it a green colouration, to distinguish it from diesel that may be used in motor vehicles. Garages and service stations may sell marked diesel provided that they are licensed to do so, in accordance with...

Written Answers — Department of Finance: Pension Provisions (8 Oct 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: Credit Unions Regulation (8 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 57 to 59, inclusive, together. The Credit Union and Co-operation with Overseas Regulators Act 2012 (2012 Act) was signed into law by the President of Ireland on 19 December 2012. Following enactment, different parts of the 2012 Act have been commenced in tranches at different times. This approach was taken as the Department is cognisant of...

Written Answers — Department of Finance: Tax Rebates (8 Oct 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that they do not have sufficient information to establish if the person concerned is entitled to a repayment of tax. Revenue has written to the person concerned and on receipt of a response they will be in a position to determine if a refund of tax is due.

Written Answers — Department of Finance: Pensions Levy (8 Oct 2015)

Michael Noonan: The yield from the stamp duty levies introduced in 2011 to fund the Jobs Initiative amounts in total to €2,383 million to end- September 2015. The equivalent of the funds raised from the levies has been used to fund the various tax reductions and expenditure measures introduced by the Jobs Initiative which has been successful in helping to maintain and create employment. The...

Written Answers — Department of Finance: Universal Social Charge Application (8 Oct 2015)

Michael Noonan: Since coming into government, I have made several significant changes to the Universal Social Charge which have increased its fairness.  As a result of a Review of USC by my Department, the Government decided in Budget 2012 to increase the entry point to the Universal Social Charge from €4,004 to €10,036 per annum.  This removed an estimated 330,000 individuals...

Written Answers — Department of Finance: NAMA Expenditure (8 Oct 2015)

Michael Noonan: I am advised by NAMA that it has incurred approximately €100m in funding costs to its debtors and receivers in remediating building defects in houses and apartments securing its loans, such as non-compliance with regulatory standards, particularly fire safety standards.  The scale of non-compliance encountered by NAMA is evident from the fact that it has had to advance...

Written Answers — Department of Finance: Tax Code (8 Oct 2015)

Michael Noonan: As the Deputy will be aware, it is standard practice for the Minister for Finance to review all tax charges, expenditures and reliefs in the run up to annual Budgets. It is also a longstanding practice of the Minister for Finance not to comment on any tax matters that may or may not be the subject of Budget decisions.

Written Answers — Department of Finance: NAMA Staff Data (8 Oct 2015)

Michael Noonan: I am advised by NAMA that the annualised payroll cost savings for those accepted on the NAMA voluntary redundancy scheme to date will be some €5.3m approximately. These costs include base salary, employer PRSI costs and employer pension costs and are based on 50 acceptances (1 NAMA Officer offered voluntary redundancy has resigned since my last update). The projected redundancy costs...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: A Cheann Comhairle, 2016, the centenary of the Easter Rising, is an opportunity to reflect on the journey travelled over the past 100 years and to recall the many major social and economic challenges along the way. It is an opportunity to celebrate the achievements and to remember how we overcame the challenges and emerged from each stronger than ever before. The banking, fiscal and...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: This public health measure will take effect from midnight tonight and will bring the price of cigarettes in the most popular price category to €10.50. This measure will raise €61.4 million in a full year and the additional revenue will enable the funding of new initiatives in the health sector to support young families with children. This is the only tax increase in this...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: -----a family with three children with parents working in two public service jobs earning €55,000 and €50,000, respectively, will have an additional €196 per month in their pocket, which is in excess of €2,300 for the family; and a self-employed worker earning €40,000 will see a gain of €1,002 in his or her annual net income due to this budget, which...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: This should help with transport costs across the country. This is an interim measure pending the replacement of the current commercial motor tax regime with a fairer basis for calculating commercial motor tax, which will be based on the gross design vehicle weight of the goods vehicles. Film relief Ireland has a significant opportunity as a location for the production of films and television...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Has the Deputy got a problem?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: In response, NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020. Some 90% of these units will be in the greater Dublin area. About 75% of these units will be houses, mainly starter homes. NAMA will deliver these units by working with developers. Achieving this new target by the end of 2020 means delivering on average 80 new housing units every week...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Did you forget all your promises?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Is this an extract from Oliver Callan?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Is this some kind of comedy?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: This could become a rock musical.

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Everyone was gone.