Results 22,001-22,020 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank of Ireland (3 Dec 2015)

Michael Noonan: Every year, in order to cover the costs of financial regulation, the Central Bank prescribes levies to be paid by entities subject to such regulation. The Central Bank had briefed industry representatives in August that it was proposing significant increases in those levies in 2015. The proposed increases were driven by a proliferation of legislative regulation and...

Written Answers — Department of Finance: Small and Medium Enterprises Debt (3 Dec 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Michael Noonan: I am informed by the Central Bank that they do not publish statistics on SME debt as part of any of their statistical series.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 Central Bank does publish the level of outstanding debt, through the statistical release "Trends in Business Credit and Deposits: Q2 2015", which indicates that total loans by resident credit institutions to Irish resident SMEs was...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (3 Dec 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) published its first Baseline Economic Impact Report at the end of Q2 2015. 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 are benefitting from ISIF...

Written Answers — Department of Finance: Tax Residency (3 Dec 2015)

Michael Noonan: I am informed by the Revenue Commissioners that they have been advised of companies that will be affected by the change in residence rules arising from Section 39 of the Finance (No. 2) Act 2013.  However, because of the small number of companies involved the Revenue Commissioners' obligation in relation to confidentiality of taxpayer information precludes them from providing the...

Written Answers — Department of Finance: Mortgage Arrears Rate (3 Dec 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.  Furthermore, while my Department publishes monthly data on mortgage arrears in the six main banks it does not have data on non-cooperating borrowers. As the Deputy will be aware, the Central Bank publishes Quarterly...

Written Answers — Department of Finance: Tax Collection (3 Dec 2015)

Michael Noonan: I propose to take Questions Nos. 102, 103 and 105 together. I am informed by Revenue Commissioners that Deposit Interest Retention Tax (DIRT) on interest bearing deposits is declared and paid on a four-times yearly basis by financial institutions: in April, July and October of the tax year in question, and in the following January. Returns for each year are due by 15 January of the...

Written Answers — Department of Finance: Tax Yield (3 Dec 2015)

Michael Noonan: I am advised that at present there is no change to the estimate as set out in Budget 2015 in relation to the impact on receipts from changes to how VAT is applied for Cross-border EU telecommunications broadcasting and electronically supplied services. On 1 January 2015, new EU VAT rules came into effect changing the place where VAT is chargeable in respect of all supplies of...

Written Answers — Department of Finance: Mortgage Interest Rates (3 Dec 2015)

Michael Noonan: As I have outlined previously, permanent tsb ("PTSB") is currently subject to an Enforcement Investigation by the Central Bank in relation to the circumstances in which certain customers lost an entitlement to return to a tracker rate mortgage or, in the case of Springboard which was a subsidiary business of PTSB at the time, were placed on the incorrect rate during their mortgage...

Written Answers — Department of Finance: Tax Reliefs Cost (3 Dec 2015)

Michael Noonan: Tax relief for corporate investments in certain renewable energy projects is provided for under section 486B of the Taxes Consolidation Act 1997.  The relief was given in the form of a deduction for tax purposes from a company's total profits for its direct investment in new ordinary shares in the qualifying renewable energy company. The relief expired on 31 December 2014. I am...

Written Answers — Department of Finance: Tax Compliance (3 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that their programme of compliance interventions in relation to the tax affairs of medical consultants is continuing.  As I indicated in replies to previous questions on this matter from the Deputy in March and April of this year, the main focus of Revenue's work is the tax issues arising from the incorporation of medical consultants' businesses....

Seanad: Finance Bill 2015: Second Stage (3 Dec 2015)

Michael Noonan: As we begin our debate, it is encouraging for me as Minister for Finance to be speaking in the context of a growing economy in which more people are now at work. The end-November Exchequer returns show very robust tax figures, reflective of the continued recovery in the real economy. While corporation tax is the stand-out performer against profile, the year-on-year increase in taxes is...

Written Answers — Department of Finance: Tax Credits (8 Dec 2015)

Michael Noonan: As the Deputy is aware, the State has obligations to protect the habitat of the hen harrier and the EU Birds Directive (Council Directive 2009/147/EC on the Conservation of wild Birds) provides for the classification of Special Protection Areas (SPAs). Under Article 4 of the Directive, six SPAs covering a total land area of c1,671 Square Kilometres has been classified for the conservation of...

Written Answers — Department of Finance: Property Tax Exemptions (8 Dec 2015)

Michael Noonan: I am advised by Revenue that the Finance (Local Property Tax) Act 2012 (as amended) provides a wide range of payment and phased payment options that allow property owners to meet their Local Property Tax (LPT) obligations in a manner that best suits individual circumstances. One of the available phased payment options is Deduction at Source from ten separate payment schemes operated by the...

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

Michael Noonan: In general, the regulation of compliance with the rules of the road, including such compliance by cyclists, does not come under the responsibility of my Department. I have no plans regarding the introduction of new tax measures relating to cycling.

Written Answers — Department of Finance: Ministerial Meetings (8 Dec 2015)

Michael Noonan: The Deputy will appreciate that in view of my remit as Minister for Finance, I receive a large volume of requests for meetings from a broad range of sources, including private individuals, companies, and local and voluntary groups. My Office does not maintain a register of all such requests for meetings. Since the beginning of the year I have attended approximately 600...

Written Answers — Department of Finance: Departmental Expenditure (8 Dec 2015)

Michael Noonan: In response to the Deputy's question the total photography costs for my Department and the details of the occasions on which photographers were used in the period since I came into office are contained in the following table: Photography Costs Year List of Occasions Photographer Used Cost € 2011 Signing of Taxation agreement with GermanyEngaged on 31st March, 2011 Maxwell...

Written Answers — Department of Finance: Public Relations Contracts Data (8 Dec 2015)

Michael Noonan: I take it that the Deputy is referring solely to external public relations and not to advertising that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, etc. The use of external Public Relations firms in respect of my Department in the period since I...

Written Answers — Department of Finance: Consultancy Contracts Expenditure (8 Dec 2015)

Michael Noonan: The information requested by the Deputy is set out in the following table: Company External Consultant Report Cost Year Published Dr Don Thornhill Review of Local Property Tax Nil 2015 Published - October 2015 ESRI Tax breaks and the residential property market €30,677.43 2015 Published - October 2015 IBFD Spillover analysis of the effects of the Irish tax system on the...

Written Answers — Department of Finance: Ministerial Adviser Appointments (8 Dec 2015)

Michael Noonan: I wish to advise the Deputy that I have two Special Advisors on my staff. The following table outlines by year the number of Special Advisors I have had and their annual salary for the years 2011-2015. Year Total number of my Special Advisors: Salary per annum: Salary per annum: Salary per annum: 2011 2 €83,337 €83,337 2012 2 €86,604 €83,337 2013 2...

Written Answers — Department of Finance: Living City Initiative (8 Dec 2015)

Michael Noonan: The Living City Initiative, which was enacted by Finance Act 2013, and commenced on 5 May 2015, has been extended beyond the original pilot cities of Limerick and Waterford, to include the cities of Dublin, Cork, Galway and Kilkenny. In line with my Department's commitment to evidence based policy-making, the inclusion of these additional four cities followed consultation with the relevant...