Results 22,181-22,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Cost (13 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 207 to 209, inclusive, together. I am informed by the Revenue Commissioners that published statistics in respect of Research and Development (R&D) tax credits are available on the Revenue Statistics webpage at . The tax cost for 2014 has not yet been finalised as returns are currently being processed. Figures for 2015 or forecasts for later years are...

Written Answers — Department of Finance: Tax Code (13 Jan 2016)

Michael Noonan: In June 2015, I launched a consultation seeking the views of the public on the role that the tax system can play in encouraging entrepreneurship. In light of the responses received, the Department of Finance conducted a review to examine the effectiveness of the tax system in encouraging entrepreneurship in Ireland, and consequently whether there was scope for changes to the existing tax...

Written Answers — Department of Finance: Insurance Compensation Fund (13 Jan 2016)

Michael Noonan: The Central Bank of Ireland has responsibility under Section 6 of the Insurance Act 1964 to assess the Insurance Compensation Fund (ICF) from time to time to see if it needs financial support.  Where it is of the opinion that the state of the ICF is such that financial support should be provided for it, it is allowed to determine an appropriate contribution to be paid to...

Written Answers — Department of Finance: Excise Duties (13 Jan 2016)

Michael Noonan: As the Deputy is aware, the consumption of alcohol can have negative social and public health implications as well as economic costs.  It is for this reason that excise duty is levied on alcohol products to account for these externalities. The increase in the rate of excise duty imposed on spirits in Budget 2014 must be viewed in context.  The rate of duty on spirits...

Written Answers — Department of Finance: Credit Unions (13 Jan 2016)

Michael Noonan: Credit unions are similar to banks in that they are first and foremost financial institutions which primarily accept deposits and make loans. However, credit unions differ from banks in that they exist to attain the economic and social goals of the people who comprise their membership. Credit unions have a key role to play in providing access to credit and other important services in local...

Written Answers — Department of Finance: Tax Reliefs Data (13 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that expenses incurred by Veterinary Nurses were the most recent addition to the list of approved flat rate expenses. The applicable rates since 2012 are as follows: Where Veterinary Nurses are obliged to supply and launder their own uniforms: €400 Where Veterinary Nurses launder uniforms that are supplied by an employer: €150

Written Answers — Department of Finance: Tax Data (13 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that: (1)  The number of Special Purpose Companies set up in accordance with section 110 of the Taxes Consolidation Act 1997 is 2,144.  This excludes companies whose tax registration subsequently ceased as the company has been liquidated. (2)  The number of notifications received by Revenue  for each of the years 2010 to 2015 is as...

Written Answers — Department of Finance: Pension Provisions (13 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 216 and 218 together. The original 0.6% levy ended in 2014 and the additional levy of 0.15% for 2014 and 2015 ended last year. No pension fund levy will be applied for 2016 or is planned for future years. In both cases the details supplied refer to a particular pension scheme. Two arguments are made in relation to this scheme. The first is that...

Written Answers — Department of Finance: Freedom of Information Requests (13 Jan 2016)

Michael Noonan: I should inform the Deputy that Freedom of Information requests are dealt with by officials in my Department. I understand that the deciding officer dealing with Freedom of Information request 177/2013 has now provided the relevant records to you. 

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (13 Jan 2016)

Michael Noonan: The Drivers and Passengers with Disabilities Scheme is open to persons who meet the medical criteria specified in Regulation 3 of the Disabled Drivers and Disabled Passengers Regulations 1994 (S.I. 353 of 1994) and who have obtained a Primary Medical Certificate to that effect. I am informed by the Revenue Commissioners that if individual applicants with any...

Written Answers — Department of Finance: Tax Collection (13 Jan 2016)

Michael Noonan: Revenue is charged with the responsibility to collect taxes and duties that are payable and to levy interest and penalties in appropriate instances. The Deputy will be aware that in general the principle of self-assessment applies to taxes administered by Revenue. The primary responsibility for calculating and paying the correct amounts of tax rests with the taxpayer. Revenue does of...

Written Answers — Department of Finance: State Banking Sector (13 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 221 and 222 together. As requested by the Deputy, the tables below provide details of proceeds received from the disposal of bank assets and dividends received to date: 1.Disposal proceeds including accrued interest and dividend Date Transaction AIB BOI PTSB Total 2010 April Cancellation of preference share warrants - €0.49bn - ...

Written Answers — Department of Finance: Financial Institutions Support Scheme (13 Jan 2016)

Michael Noonan: The ELG Scheme closed for new liabilities at midnight on 28 March 2013. Eligible liabilities covered under the Scheme which were incurred up to midnight on 28 March 2013 continue to be covered up to their maturity date which could be up to 5 years maximum from the date the liability was incurred. This means that covered liabilities will wind down over the period from midnight on 28 March...

Written Answers — Department of Finance: NAMA Accounts (13 Jan 2016)

Michael Noonan: It is difficult to indicate definitively what the surplus position will be when NAMA completes its work. As the Deputy may be aware, the NAMA Chairman and Chief Executive appeared before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform on 16 December 2015. At that appearance, the NAMA Chairman provided an updated estimate to the Committee when he...

Written Answers — Department of Finance: IBRC Operations (13 Jan 2016)

Michael Noonan: I am advised by the Special Liquidators that they currently have a cash balance in excess of €2.1bn on hand which will be available for distribution to creditors. The ultimate level of dividend paid, if any, to each creditor cannot be known until such time as all loan assets are sold, the total level of adjudicated creditors is finalised and the other contingent creditor claims...

Written Answers — Department of Finance: House Prices (13 Jan 2016)

Michael Noonan: According to the latest Daft.ie House Price Report, the average asking price for residential property increased by 8.5% in the year to the fourth quarter of 2015. However, significant regional differences exist particularly as between the Dublin region and the rest of the country. Outside of Dublin, asking prices grew by 13% on an annual basis while the rate of growth in Dublin has continued...

Written Answers — Department of Finance: Universal Social Charge Exemptions (13 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that they have written to the person concerned to clarify her personal circumstances and following receipt of a response to that letter, Revenue will review and confirm the position to her as regards exemption from the Universal Social Charge (USC).

Written Answers — Department of Finance: Mortgage Interest Relief Application (13 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 228 and 229 together. As the Deputy is aware, mortgage interest relief, which is administered by Revenue through the Tax Relief at Source (TRS) system, does not apply to loans taken out after 31 December 2012.  However, qualifying loans taken out between 1 January 2004 and 31 December 2012 are eligible for the relief up to and including 31 December 2017....

Written Answers — Department of Finance: Employment Data (13 Jan 2016)

Michael Noonan: In line with Budget 2016, the employment and unemployment forecasts, along with the underlying totals, produced on the basis of available data at the time are set out in the table below. - 2016 2017 2018 2019 2020 Employment, aged 15 and over per cent growth 2.4 2.0 1.9 1.8 1.7 Employment, aged 15 and over persons (000s) 2,014 2,054 2,094 2,131 2,167 Unemployment, aged 15-74 per...

Written Answers — Department of Finance: Government Deficit (13 Jan 2016)

Michael Noonan: The most recent projections in relation to both government deficit and debt figures were included as part of the Budget 2016 publication and are displayed in the table below. 2015 2016 2017 2018 2019 2020 2021 Deficit as % GDP -2.1 -1.2 -0.5 0.2 1.0 1.8 2.5 Debt as % GDP 97.0 92.8 90.3 86.7 83.5 79.8 75.7Source: Department of Finance The impact of the 2015 Exchequer returns, which...