Results 22,621-22,640 of 27,019 for speaker:Michael Noonan

Ireland's Stability Programme Update April 2016: Statements (27 Apr 2016)

Michael Noonan: Will the House agree to give me injury time?

Ireland's Stability Programme Update April 2016: Statements (27 Apr 2016)

Michael Noonan: I thank the Deputies. Underpinned by the improving economic environment, one of the main achievements of the outgoing Government has been the dramatic improvement to our fiscal position. These hard-won improvements to our public finances provide a sustainable budgetary platform on which funding for provision of public services can be provided for the years ahead. A clear indication of...

Ireland's Stability Programme Update April 2016: Statements (27 Apr 2016)

Michael Noonan: I will do that.

Ireland's Stability Programme Update April 2016: Statements (27 Apr 2016)

Michael Noonan: It does not tie the incoming Government.

Ireland's Stability Programme Update April 2016: Statements (27 Apr 2016)

Michael Noonan: Let me make a point. As well as the fiscal space, there is a figure of €900 million included in the base which, would not have been the case in previous years for demographics, capital programmes and the Lansdowne Road agreement. The expenditure figure is much bigger than it was historically.

Written Answers — Department of Finance: Tax Collection (27 Apr 2016)

Michael Noonan: I am advised by Revenue that interest is a statutory charge that is applicable where tax payments are received after the relevant due date. Interest is collected in the course of late payment intervention programmes and is always a component of tax audit, of tax debt enforcement activity and of phased payment arrangements. It is designed to compensate the Exchequer for loss of revenue...

Written Answers — Department of Finance: Tax Relief Data (27 Apr 2016)

Michael Noonan: I am informed by the Revenue Commissioners that they collect data on an ongoing basis on the estimated costs and the numbers who avail of the main tax reliefs allowable under various legislative provisions. The Deputy's question relates to subsection 774(7)(d) of the Taxes Consolidation Act 1997. Under this provision, pension contributions that are not relieved from tax in the year in...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (27 Apr 2016)

Michael Noonan: In 2016, Activate has thus far provided site and working capital finance for the delivery of over 800 new homes.  Activate's pipeline for new home construction funding is strong. The consistent feedback from developers and builders is that this specialist form of residential development lending is needed to kick start the housing market. In terms of drawdown profiles, as well as the...

Written Answers — Department of Finance: Tax Data (27 Apr 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the provisions of the Betting (Amendment) Act 2015 commenced 1st August 2015. Remote bookmakers pay 1% betting duty on bets entered into with persons in the State and remote betting intermediaries pay betting intermediary duty (15% of commission) in respect of commission charges levied on persons availing of betting intermediary facilities...

Written Answers — Department of Finance: Tax Code (28 Apr 2016)

Michael Noonan: The Deputy will be aware that, as a member of the European Union, Ireland must comply with the freedom of movement principles of the European Treaties.  It is likely that any tax incentive which would only be available to returning Irish emigrants, would be in breach of these freedoms. The provision of a tax reduction to such individuals could also have the potential to distort...

Written Answers — Department of Finance: Corporation Tax (28 Apr 2016)

Michael Noonan: Broadly speaking, a close company is a company under the control of 5 or fewer participators (including their associates), or of participators who are directors.  The vast majority of companies registered for corporation tax in Ireland are "close companies".  There are specific rules in Irish tax law that are applicable to close companies.  These rules are designed to...

Written Answers — Department of Finance: Economic Statements (28 Apr 2016)

Michael Noonan: In accordance with the requirements of Regulation 1466/97, each Member State is required to present an annual update of its Stability Programme to the European Commission no later than the end of April. A draft Stability Programme Update was laid before the Oireachtas and debated in the Dáil on April 27thand will be formally submitted to Brussels by Friday 29thApril. Last year,...

Written Answers — Department of Finance: UK Referendum on EU Membership (28 Apr 2016)

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 our economy, for the ongoing development of the excellent bilateral relations between Ireland and the UK...

Written Answers — Department of Finance: Housing Data (28 Apr 2016)

Michael Noonan: I am advised that the banks disclose information on their residential mortgage portfolios in various sections in their Annual Reports. All relevant disclosures in relation to AIB's Republic of Ireland residential mortgages properties in possession and repossessions disposed of - are contained on page 109 of AIB's 2015 Annual Financial Report.  AIB state that "AIB seeks to...

Written Answers — Department of Finance: NAMA Debtor Agreements (28 Apr 2016)

Michael Noonan: I am advised that, as at 31 December 2015, NAMA had agreed debt write-offs of a total of €1.5bn of Par Debt.  This equates to 2% of the original par debt acquired by NAMA from the Participating Institutions.  I am also advised that the total number of debtors who received par debt write-offs is 80.  Debt is only written off where all of the...

Written Answers — Department of Finance: Financial Transactions Tax (28 Apr 2016)

Michael Noonan: The document referred to in the correspondence mentioned by the Deputy is a Nevin Economic Research Institute (NERI) working paper which I note is work-in-progress. Ireland already has a tax on financial transactions, a Stamp Duty on transfers of shares in Irish incorporated companies, which currently stands at 1%. I am informed by the Revenue Commissioners that the yield from this charge...

Written Answers — Department of Finance: Motor Insurance Regulation (4 May 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 I,...

Written Answers — Department of Finance: Private Rented Accommodation Data (4 May 2016)

Michael Noonan: The Deputy will be aware that the governance of the relationship between residential tenants and residential landlords is primarily a matter for the Department of the Environment, Community and Local Government. In that regard, the Residential Tenancies Act 2004 provides the main regulatory framework for the private rented residential sector and prescribes the rights and obligations of...

Written Answers — Department of Finance: Property Tax (4 May 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the person in question has consistently failed to meet her Local Property Tax (LPT) obligations and has not engaged with Revenue on the issue despite having numerous opportunities to do so. Due to the level of non-engagement, Revenue was left with no alternative but to start debt collection action to secure the outstanding liabilities. ...

Written Answers — Department of Finance: Credit Union Services (4 May 2016)

Michael Noonan: The Department of the Environment, Community and Local Government is the Department primarily responsible for the formulation and implementation of policy and the preparation of legislation in relation to housing.  My Department has received a number of different proposals from the Credit Union Development Association (CUDA) and from the Irish League of Credit Unions...