Results 23,041-23,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (8 Jun 2016)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) does not lend directly to SMEs. It uses a network of lending partners known as 'on lenders' to make its funds available to eligible businesses. The SBCI commenced lending via its initial on lending partners in March 2015.  To the end of December 2015, in the first 10 months of its operation, the SBCI has ensured...

Written Answers — Department of Finance: Vehicle Registration (8 Jun 2016)

Michael Noonan: I am advised by Revenue that, as a minimum, the documentation required to show a vehicle meets the criteria for the 13.3% vehicle registration tax rate depends on whether the vehicle is a new unregistered vehicle or if it is a previously registered vehicle. If the vehicle has not been registered previously in any jurisdiction, a 'type approval certificate' is the documentation...

Written Answers — Department of Finance: Ministerial Correspondence (8 Jun 2016)

Michael Noonan: In response to the Deputy's question I have provided a table which identifies the number of representations received from Members of the Oireachtas from 1 January 2015 to 30 April 2016.  As is evident from the figures a large number of representations were received and an acknowledgement/initial response to such representations are issued upon...

Written Answers — Department of Finance: Credit Union Services (8 Jun 2016)

Michael Noonan: In its Programme for Government, this Government is very clear on its support of the invaluable role of credit unions in Ireland and specifically supports credit unions moving towards more electronic and on-line services, including the rollout of debit cards and enhanced on-line financial services. My role as Minister for Finance is to ensure that the legal framework...

Written Answers — Department of Finance: EU Directives (8 Jun 2016)

Michael Noonan: The Commission's proposed Anti-Tax Avoidance Directive was discussed at the Economic and Financial Affairs Council on 25 May 2016. The Directive was proposed by the European Commission in January 2016 and includes six significant corporate tax anti-avoidance measures.  Three of the measures derive from the non-binding elements of the OECD BEPS process, with the remaining three measures...

Written Answers — Department of Finance: Tax Code (9 Jun 2016)

Michael Noonan: The Programme for a Partnership Government states that increased public spending and reductions in personal taxes will be funded through, among other things, a new tax on sugar sweetened drinks. I would draw the Deputy's attention to the General Excise Duties Tax Strategy Group papers of 2014 and 2015 which examine issues surrounding a tax on sugar sweetened...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (9 Jun 2016)

Michael Noonan: The legislation which provided for the establishment of ISIF, the NTMA (Amendment) Act 2014, requires ISIF to include an assessment of its impact on economic activity and employment and the distribution of its investments on a regional basis in its reporting. I can inform the Deputy that the Ireland Strategic Investment Fund (ISIF) recently published an update on the economic impact and...

Written Answers — Department of Finance: Tax Code (9 Jun 2016)

Michael Noonan: Capital Acquisitions Tax (CAT) is the overall title for gift and inheritance tax. For the purposes of CAT, the relationship between the person who provides the gift or inheritance (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary), determines the maximum life-time tax-free thresholdknown as the "Group threshold" below which gift or inheritance tax...

Written Answers — Department of Finance: National Treasury Management Agency (9 Jun 2016)

Michael Noonan: I can inform the Deputy that, due to commercial sensitivities, the ISIF does not comment on any transactions which may or may not be in its pipeline. This is essential to ISIF's ability to operate in the market place and to give commercial consideration to transactions as they arise. The ISIF operates to a high degree of transparency regarding its activities and transactions completed. The...

Written Answers — Department of Finance: Film Industry Tax Reliefs (9 Jun 2016)

Michael Noonan: Section 481 of the Taxes Consolidation Act of 1997 provides that a payable Corporation Tax credit will be paid directly by the Revenue Commissioners to a company who produces a qualifying film. The amount of the credit is 32% of the lowest of: - eligible expenditure (which is generally the amount spent on the employment of eligible individuals, goods, services and facilities in the State), -...

Written Answers — Department of Finance: VAT Rebates (14 Jun 2016)

Michael Noonan: I am advised by Revenue that the person in question submitted a VAT repayment claim amounting to €4,085 on 11 June 2016. A portion of the repayment was offset against outstanding Income Tax liabilities in accordance with Section 960H(2) of the Taxes Consolidation Act 1997. The balance is available for repayment but can not be processed until the person submits an outstanding tax...

Written Answers — Department of Finance: Financial Services Regulation (14 Jun 2016)

Michael Noonan: I assume that the Deputy is referring to the protections in place for persons whose loans have been sold to non-bank entities based outside Ireland and will answer accordingly. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 was enacted in July 2015 and is designed to protect consumers whose loan portfolios are sold onto unregulated entities. The Act...

Written Answers — Department of Finance: Pension Provisions (14 Jun 2016)

Michael Noonan: Before Finance Act 1999 people with defined contribution pension savings had no option but to buy a pension income (called an annuity) with their savings after taking the allowable tax-free retirement lump sum. Changes since then have given people more choices for what to do with their pension savings. This is called the flexible options at retirement regime. These choices include taking a...

Written Answers — Department of Finance: Motor Insurance (14 Jun 2016)

Michael Noonan: The availability of relevant and timely data is necessary to facilitate an assessment of the insurance market in Ireland. Since the Solvency II regulatory regime became effective from 1st January 2016 there are increased disclosure requirements on both insurance undertakings and supervisors.  These requirements have been put in place to foster a uniform level of...

Written Answers — Department of Finance: Insurance Costs (14 Jun 2016)

Michael Noonan: My Department's review of policy in the insurance sector is being conducted in consultation with the Central Bank of Ireland and other Departments and Agencies. The objective of the Review is to recommend measures to improve the functioning of the insurance sector.  The Review includes an examination of the factors contributing to the cost of insurance.  The first phase of the...

Written Answers — Department of Finance: Departmental Expenditure (14 Jun 2016)

Michael Noonan: My Department makes no payment in respect of copies of Public Sector Times Magazine supplied to my Department.

Written Answers — Department of Finance: Departmental Expenditure (14 Jun 2016)

Michael Noonan: My Department spent €13,917 on daily and weekend newspapers in 2015. It has online subscriptions to the Irish Times and the Financial Times which are provided for use by staff. A mixed model involving the purchase of physical copies and online subscription to specific newspapers is considered to be an appropriate use of resources.

Written Answers — Department of Finance: Departmental Staff Data (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that there are eight staff working in the Human Resources Division in my Department's Office in Dublin. There are also five staff in my Department's Office in Tullamore, Co. Offaly who provide a HR transactional service to both the Department of Finance and the Department of Public Expenditure and Reform (including the National Shared Services...

Written Answers — Department of Finance: Ministerial Staff (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that I have 3 staff who work exclusively on constituency matters for me.

Written Answers — Department of Finance: Departmental Staff Data (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that prior to the transition of my Department to PeoplePoint on 15th April, 2013 there were 19 staff employed in the Human Resources Division, 11 in the Dublin Office and 8 in theTullamore Office.  Currently there are 8 staff working in the Dublin Office and 5 in Tullamore. My Department's HR unit in Tullamore provide a HR...