Results 22,561-22,580 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Contracts Data (14 Apr 2016)

Michael Noonan: The Deputy may wish to note that the website , produced by the Office of the Attorney General, provides details of all promulgated Statutory Instruments.  The Statutory Instruments signed by the Minister for Finance since 1 January 2016 are set out in tabular form below. Statutory Instrument Number Statutory Instrument title SI 44 of 2016 Irish Collective Asset-Management Vehicles Act...

Written Answers — Department of Finance: Seized Property (14 Apr 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the numbers of seizures, in 2015 and to the end of March this year, of various categories of products and goods, the numbers of items seized in each of those categories and the estimated values of those seized goods, are set out in the following table. 2015 2016 (to 31st Mar) No. of Seizures Quantity Seized Value(€m) No. of...

Written Answers — Department of Finance: Excise Duties Yield (14 Apr 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of Excise receipts by category and by month for 2015 is as shown in the table below. Please note that the receipts shown for 2015 are provisional. Alcohol Tobacco 2015 Oils Carbon VRT Other Excise Total €m €m €m €m €m €m €m 118.2 1.1 JAN 239.3 21.8 104.7 6.3 491.4 55.3 51.8...

Written Answers — Department of Finance: Property Tax Administration (14 Apr 2016)

Michael Noonan: I engaged Dr. Thornhill to consider the operation of the Local Property Tax, in particular, any impacts on LPT liabilities due to recent property price developments.  The review was informed by the outcomes of a public consultation initiated in March 2015 in response to which fifty-one written submissions were received. In his report on his review of the Local Property Tax which was...

Written Answers — Department of Finance: Tax Code (14 Apr 2016)

Michael Noonan: I have been informed by the Revenue Commissioners that they will be issuing guidance on this matter very shortly.  The guidance will encourage Irish small and medium-sized enterprises who find themselves in this position to contact Revenue directly to avail of an exemption from operating withholding tax, where a bank has assigned or novated a loan to a non-banking entity.  In order...

Written Answers — Department of Finance: State Properties Data (14 Apr 2016)

Michael Noonan: In response to the Deputy's query I would like to advise that as the Office of Public Works manages and maintains the State's property portfolio, the Minister with responsibility for the Office of Public Works is better placed to advise you on the details of properties managed by that Office. I have been advised that neither the Department of Finance nor any of the 18 bodies under...

Written Answers — Department of Finance: VAT Exemptions (14 Apr 2016)

Michael Noonan: I am advised by the Revenue Commissioners that Finance Act 2015 made changes to the wording of the VAT exemption for educational activities in the VAT Consolidation Act 2010 as amended to transpose the wording of the EU VAT Directive (Council Directive 2006/112/EC) with which Irish VAT legislation must comply.  The changed wording was designed to ensure that vocational training and...

Written Answers — Department of Finance: Tax Avoidance (14 Apr 2016)

Michael Noonan: The recent revelations uncovered by the International Consortium of Investigative Journalists regarding the so-called "Panama Papers" has caused widespread disquiet internationally. I understand that the Revenue Commissioners are currently seeking access to all the information of relevance from an Irish tax perspective.  It would then be a matter for the Revenue...

Written Answers — Department of Finance: Insurance Coverage (14 Apr 2016)

Michael Noonan: 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 risks.  As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither...

Written Answers — Department of Finance: Tax Credits (14 Apr 2016)

Michael Noonan: I am advised by Revenue that, following recent contact from the person concerned during which her personal circumstances were brought to Revenue's attention, her tax credits for 2016 were updated and a review for the years 2012 - 2015 was carried out and appropriate refunds issued. I am further advised by Revenue that it has since come to its attention that the person concerned...

Written Answers — Department of Finance: Tax Code (14 Apr 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the decision on duties to be imposed on certain goods imported from China is determined by Member States at EU level.  The rates of duty generally are set out by the EU in the Common Customs Tariff.  While Ireland as one of 28 EU members has a participative role in the process for determining the rates we are not in a position to...

Written Answers — Department of Finance: Tax Code (14 Apr 2016)

Michael Noonan: Following the publication of the Marine Tax Review on Budget day, my Department is examining all of the proposals made in the report, in conjunction with officials from other relevant departments. As noted in the report by Indecon, there are significant state aid obstacles that would need to be considered, and indeed overcome, in relation to some of the proposals before they...

Written Answers — Department of Finance: Insurance Coverage (14 Apr 2016)

Michael Noonan: 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 risks.  As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither...

Insurance Costs: Statements (20 Apr 2016)

Michael Noonan: I welcome the opportunity to discuss in the House today the important issue of insurance costs and I look forward to the contributions from my fellow Deputies. I am aware of the concern across the House about the increasing cost of insurance. It is an issue for the majority of households and businesses. There are many issues to be addressed and while I will touch on these now when I...

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Apr 2016)

Michael Noonan: I propose to take Questions Nos. 94, 111 and 115 together. The Deputies will be aware that the Government strategy to deal with mortgage arrears has developed and been enhanced over recent years and additional measures have been introduced as the nature and circumstances of those in arrears has evolved. Data released on 10th March 2016 by the Central Bank on Mortgage Arrears and...

Written Answers — Department of Finance: Tax Clearance Certificates (20 Apr 2016)

Michael Noonan: Section 95 of the 2014 Finance Act requires that all tax clearance certification must be provided via an electronic system with effect from 1 January 2016. The only exceptions in this regard relate to taxpayers who are not e-enabled, for example no technology access or suffer from an infirmity that restricts them from availing of electronic services. The introduction of electronic tax...

Written Answers — Department of Finance: Insurance Compensation Fund (20 Apr 2016)

Michael Noonan: The payments from the Insurance Compensation Fund outlined below were in respect of insurance undertakings in administration and consequently no caps or limits applied, with the exception of 2014.  Payments in respect of that year included one claim relating to an insurance company in liquidation and thus the ICF limit of a maximum payment of 65% of the value of...

Written Answers — Department of Finance: Mortgage Applications Approvals (20 Apr 2016)

Michael Noonan: As advised in answer to the Deputy's previous PQ, the Central Bank's macro-prudential limits on mortgage lending came into effect on 9th February 2015. The policy sets restrictions on the loan-to-value (LTV) and Loan-to-Income (LTI) ratios on products that can be offered by mortgage providers. There are a number of exemptions allowed for within the CBI guidelines, for example mortgage...

Written Answers — Department of Finance: Banking Sector Regulation (20 Apr 2016)

Michael Noonan: The Deputy is aware that I have answered a number of Parliamentary Questions in the past in relation to rules adopted by banks when valuing assets including loans. These rules are determined by the relevant accounting standards and it is the responsibility of the directors of the respective banks to ensure these rules have been properly applied. To provide assurance that this is the...

Written Answers — Department of Finance: Tax Code (20 Apr 2016)

Michael Noonan: According to the Private Residential Tenancies Board, rents increased 9.8 per cent on an annual basis in Q4 2015. At a regional level annual growth in the Dublin market was 9 per cent in Q4 2015. Similar rental inflation was experienced outside of Dublin with rents increasing by 9.9 per cent compared with Q4 2014. The indications are that this increase is being driven by an excess of...