Results 21,741-21,760 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (18 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that, as tax returns do not provide a basis for compiling estimates in relation to the amount of CGT liability separately associated with passive and active activity, it is therefore not possible to provide the information requested by the Deputy.

Written Answers — Department of Finance: NAMA Assets Sale (18 Nov 2015)

Michael Noonan: On 27 September 2013 I travelled to Belfast to speak at the Confederation of British Industry's, Northern Ireland Annual Lunch.  While in Belfast I met with First Minister, Peter Robinson, and the Finance Minister, Simon Hamilton at Stormont Castle in advance of the lunch to discuss NAMA's activity in Northern Ireland. First Minister Robinson had raised concerns...

Written Answers — Department of Finance: Liquor Licence Data (18 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of publican licences issued during the licensing years (i.e. years ended 30 September) 2011 to 2015 inclusive, broken down by category based on cost of licence, are as set out in the following table. Number of Publican Licences Issued 2011 to 2015. Turnover Band € Duty/Cost No. Issued2011 No.Issued2012 No. Issued2013 No....

Written Answers — Department of Finance: Liquor Licence Data (18 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to furnish the amount of VAT paid by holders of publican licences by category band of licence. Data is not compiled in this format, because it would give a very unreliable picture of the licensed trade, including trade that has no connection with the licence, and excluding some trade where the VAT is paid by an entity other...

Written Answers — Department of Finance: Economic Growth (18 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 72, 75, 78, 82 and 85 together. In general, recent indicators have been positive, indicating that the recovery is strengthening in a more sustainable manner. The latest data show that GDP increased by 6.7 per cent year-on-year in the second quarter of this year. This comes on the back of an increase of 7.2 per cent in the first quarter. As a...

Written Answers — Department of Finance: Mortgage Arrears Proposals (18 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 73 and 83 together. The Deputy will be aware that the Central Bank publishes Residential Mortgage Arrears and Repossessions Statistics on a quarterly basis. Statistics for quarter 2 of this year were published in early September. This publication provided further evidence that progress is being made in addressing mortgage arrears. In summary, the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (18 Nov 2015)

Michael Noonan: In terms of credit availability to SMEs from the banking sector, I would draw the Deputy's attention to the recently published Department of Finance SME Credit Demand Survey April - September 2015 (). A total of 1,500 telephone interviews were conducted with a random sample of Irish micro, small and medium SMEs. The survey shows that, when pending applications are excluded, 85%...

Written Answers — Department of Finance: Tax Code (18 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that all deposit takers (e.g. banks, building societies, credit unions, Post Office Savings Bank, etc.) are obliged to deduct Deposit Interest Retention Tax (DIRT) from all payments of interest made to an account, irrespective of the balance of the account, unless the account qualifies as an exempt account. There is no de minimisamount below which...

Written Answers — Department of Finance: Credit Availability (18 Nov 2015)

Michael Noonan: As the Deputy is aware, the Government recognises that small businesses, including those in the hotel sector, play a central role in the sustainable recovery of the Irish economy. To facilitate this, Government policy since 2011 has been focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank...

Written Answers — Department of Finance: Bank Charges (18 Nov 2015)

Michael Noonan: As I stated in my reply to the Deputy in previous Parliamentary Questions (13599/15 and 25134/15) on this subject on 1 April and 23 June 2015, all credit institutions in Ireland are independent commercial entities. I have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995 requires that...

Written Answers — Department of Finance: Mortgage Interest Rates (18 Nov 2015)

Michael Noonan: As the Deputy is aware, I have acknowledged that high mortgage repayments cause difficulties to families and I invited the Governor of the Central Bank to meet me in April to discuss the issue. Following this meeting, a report by the Central Bank on the factors influencing standard variable mortgage rates in Ireland was submitted to my Department and published...

Written Answers — Department of Finance: EU Membership (18 Nov 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 of 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 the excellent bilateral relations Ireland and the UK now...

Written Answers — Department of Finance: Tax Yield (18 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the amount of Deposit Interest Retention Tax (DIRT) for each of the years the Deputy has sought up to 2014, the latest year for which figures are available, may be accessed under the "Receipts" heading in the "Revenue Net Receipts by Taxhead on an annual basis" table on the Revenue's Statistics webpage: . Receipts for 2015 will be published in...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: As the Deputy said, earlier this year I agreed to the establishment of a working group comprising representatives from my Department, the Revenue Commissioners and the Irish Charities Tax Reform Group to examine options available to reduce the VAT burden of charities. A report from the group was provided to me in my deliberations ahead of the 2016 budget. It was published and is available...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: We received the report from the working group in advance of budget 2016. I decided on foot of it not to make changes. As Deputies have not yet had an opportunity to peruse the report, I am not closing out the option. Whoever is around can return to it in future budgets. The base analysis is now available. I understand the report sets out many of the tax concessions available, including...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: The Betting (Amendment) Act 2015 was enacted on 15 March last. It provides a regulatory system for remote bookmakers and betting intermediaries, otherwise known as betting exchanges, that offer betting services in Ireland, regardless of their location. The Act provides for fair and equal treatment of all bookmakers by extending betting duty to remote operators, thereby widening the tax base...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: I move amendment No. 68:In page 79, to delete lines 30 and 31 and substitute the following:"obtains cash from an automated teller machine situated in the State by means of a cash card or a combined card;". These amendments which propose to further amend sections 123B and 124 of the Stamp Duties Consolidation Act 1999 relate to the annual stamp duty charge that applies to the different types...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: In the package of measures announced in the budget the most beneficial one from the retail trade point of view is the cutting of the fee that banks charge on credit card transactions. My estimate is that is worth about €37 million to the retail sector not in a transfer from the taxpayer but in a transfer from the banks and the finance houses. That is beneficial. I am advised that 9...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: Visa has mass market on debit cards so that it is the only card supplier that really matters at present in the Irish market. It is making the change effective from 1 May 2016.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Michael Noonan: There is a general push but it is the industry itself that is acting in this case.