Results 22,421-22,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Customs and Excise Staff (2 Feb 2016)

Michael Noonan: The Revenue Commissioners have advised me that the total staffing complement for their Borders, Midland and West (BMW) Region, which includes counties Cavan, Donegal, Leitrim and Sligo, in 2016 is 820 Whole-Time Equivalent (WTE).  The total current serving WTE in the BMW Region is 825.89.  There are currently no unfilled vacancies in the BMW Region in the context of the overall...

Written Answers — Department of Finance: VAT Rate Application (2 Feb 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the supply of dog grooming services is liable to VAT at the standard rate, currently 23%.  Paragraph 13(3) of Schedule 3 to the Value-Added Tax Consolidated Act 2010 provides that hairdressing services are liable at the second reduced rate of VAT, currently 9%.   The VAT rating of goods and services is subject to the...

Written Answers — Department of Finance: Revenue Commissioners Reports (2 Feb 2016)

Michael Noonan: In October 2015 my Department published the results of a Spillover Analysis research project, investigating what effects, positive or negative, the Irish tax system may have on the economies of developing countries.    Ireland has a long history of providing overseas aid and assistance to developing countries, and I am pleased to be taking a lead in this new area of...

Written Answers — Department of Finance: Tax Yield (2 Feb 2016)

Michael Noonan: I propose to take Questions Nos. 179 and 180 together. I am advised by the Revenue Commissioners that a Post-Budget 2016 Ready Reckoner is available on the Revenue Statistics webpage at . In relation to the Deputy's questions, this Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of changes to the Universal Social Charge (USC)...

Written Answers — Department of Finance: Ministerial Meetings (2 Feb 2016)

Michael Noonan: As the Deputy may be aware, as Minister for Finance I am Governor for Ireland at a number of International Financial Institutions, including the World Bank Group. The World Bank Group comprises five institutions, each of which have different roles and responsibilities under the over-arching goal of reducing poverty and supporting economic development. The World Bank Group provides a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Feb 2016)

Michael Noonan: The issue of the Statute of Limitations comes under the aegis of my colleague the Minister for Justice and Equality and I understand that the operation of the law in relation to the Statute of Limitations is a matter of ongoing review at that Department.   In relation to financial services, as the Deputy is aware, Section 57BX (3)(b) of the Central Bank Act...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Feb 2016)

Michael Noonan: As the Deputy may be aware, the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent...

Written Answers — Department of Finance: Tax Code (2 Feb 2016)

Michael Noonan: I am advised by Revenue that having regard to their taxpayer confidentiality obligations, they are not in a position to comment on the tax affairs of a third party or the ability or otherwise of a third party to provide evidence of tax clearance.

Written Answers — Department of Finance: Fuel Rebate Scheme (2 Feb 2016)

Michael Noonan: Last week my Department made the first tranche of payments of the Disabled Drivers and Disabled Passengers Fuel Grant in respect of applications made in the first three weeks of January 2016. The person concerned was in the first tranche of payments. My Department expects to make payments in respect of applications processed in the last two weeks in January this...

Written Answers — Department of Finance: Insurance Coverage (2 Feb 2016)

Michael Noonan: I am aware of the difficulties that the absence of flood insurance cover can cause to householders and businesses. However, the provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: I am advised by the Central Bank that the portion of interest income relating to the Irish Government Bonds held as a result of the promissory note transaction which contributed to the Bank's overall surplus in 2013 and 2014 was €817.1m in 2013 and €859.4m in 2014. I am advised that the draft 2015 interest income earned relating to the Irish Government Bonds...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: I am advised by the Central Bank that the capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction in 2013 and 2014 amounted to €0.2m in 2013 and €717.9m in 2014.  These capital gains contributed to the Central Bank's overall surplus. I am advised that the draft 2015 capital gains arising from...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: Subsequent to the liquidation of IBRC the Central Bank acquired €25bn of Floating Rate Notes (FRNs) and €3.46bn of Government Fixed Coupon 2025 Government bonds. The Central Bank indicated a minimum disposal schedule of €0.5 billion up to the end of 2014, €0.5 billion per annum 2015 to 2018, €1 billion per annum 2019 to 2023 and €2 billion per annum...

Written Answers — Department of Finance: State Investments (2 Feb 2016)

Michael Noonan: The current value of the State's remaining investments in the banks is shown in the following table.  Bank Investment Current value Source of valuation Allied Irish Banks Equity CoCo €11.7bn €1.6bn As agreed between the Minister and AIB as part of the bank's recent capital reorganisation. At par Bank of Ireland Equity €1.4bn ISE closing price 29th...

Written Answers — Department of Finance: Mortgage Arrears Rate (2 Feb 2016)

Michael Noonan: The monthly mortgage arrears data published by my Department is collected from the six main lenders (ACC, AIB, Bank of Ireland, KBC, Ulster Bank and PTSB) is on a national level and consequently no regional breakdown of this data is available. The Deputy will also be aware that the Central Bank of Ireland's (CBI) Mortgage Arrears and Repossession Statistics, published...

Written Answers — Department of Finance: Life Insurance Policies (2 Feb 2016)

Michael Noonan: If a consumer has made a formal complaint to the financial institution in question and is not satisfied with the outcome they may wish to refer the matter to the Financial Services Ombudsman to have it independently investigated.   The Financial Services Ombudsman Bureau was established under the Central Bank and Financial Services Authority of Ireland Act 2004. The Financial...

Written Answers — Department of Finance: Pensions Levy (2 Feb 2016)

Michael Noonan: I take it the Deputy is referring to the stamp duty levies applying to the assets of funded pension arrangements introduced in 2011 to pay for the Jobs Initiative, the chargeable persons for which are the trustees of pension schemes and others responsible for the management of pension fund assets. The original 0.6% stamp duty levy on pension fund assets ended in 2014. The additional...

Written Answers — Department of Finance: Appointments to State Boards Data (2 Feb 2016)

Michael Noonan: In response to the Deputy's query, please find in tabular form, the name of each appointee made; the date of appointment; whether or not each appointee came through an advertised public application process or otherwise, and the number of vacancies which presently exist on State Boards, in period March 2011 to date 2015.  I have included ex-officiomembers in the table...

Written Answers — Department of Environment, Community and Local Government: Motor Tax Yield (2 Feb 2016)

Michael Noonan: I am advised by the Revenue Commissioners that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Specifically, the most recently available LPT information, including LPT collected by Local Authority, is available at . The most recent statistics relate to October 2015, and I understand from the Revenue Commissioners that...

Written Answers — Department of Finance: Tax Code (3 Feb 2016)

Michael Noonan: I understand that the Deputy is proposing to apply a tax on the profits of tobacco companies. The Deputy may be aware that the Irish Heart Foundation proposed a similar levy in its pre-Budget 2016 submission. I take all proposals made as part of the Budget and Finance Bill process under consideration, and will continue to do so.  In Ireland profits of companies...