Results 23,341-23,360 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector Regulation (28 Jun 2016)

Michael Noonan: Crowdfunding is not currently a regulated activity in Ireland. In June 2014 the Central Bank of Ireland issued a Consumer Notice on Crowdfunding which alerts consumers to the fact that crowdfunding is not a regulated activity. The notice can be found via the following link: . However, it should be noted that if a crowdfunding platform intends to offer ancillary services which are regulated...

Written Answers — Department of Finance: Insurance Industry (28 Jun 2016)

Michael Noonan: As Minister for Finance, I am concerned that there should be a stable insurance sector and that the risk to policyholders and to the wider financial system are limited. An adequately-reserved, cost-competitive insurance sector is a vital component of economic activity and financial stability. The current high cost of insurance is a concern for the Government. While the...

Written Answers — Department of Finance: Tax Exemptions (28 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 89 and 90 together. I am informed by Revenue that the Irish taxes covered by the Ireland/United States double taxation treaty 1997 are income tax, corporation tax and capital gains tax and any identical or substantially similar taxes imposed after the date of signature of the treaty. This is provided for in Article 2 of the treaty, which deals with taxes...

Written Answers — Department of Finance: Tax Data (28 Jun 2016)

Michael Noonan: The domicile levy was introduced in the Finance Act 2010. The first year for which individuals were required to make returns was the year 2010 and these returns had to be filed by 31 October 2011 or by 15 November 2011 for individuals using Revenue Online Services (ROS). Domicile Levy returns for 2015 are not due to be filed until 31 October 2016 so there are no figures available as yet for...

Written Answers — Department of Finance: Tax Relief Data (28 Jun 2016)

Michael Noonan: Hearings of the Disabled Drivers Medical Board of Appeal are held on average twice a month at the National Rehabilitation Hospital in Dun Laoghaire, which has the facilities to cater for people with mobility impairing disabilities of the kind provided for under the Disabled Drivers and Disabled Passengers Scheme. The Medical Board of Appeal holds regional clinics as demand arises. I'm...

Written Answers — Department of Finance: Universal Social Charge Data (28 Jun 2016)

Michael Noonan: I am advised by Revenue that the additional number of persons who would become exempt from the Universal Social Charge (USC) if the current exemption threshold of €13,000 was increased to €15,000 would be in the order of 80,000 persons. This would result in an estimated 33% of income earners being exempt from the USC. These figures are estimates from the Revenue tax...

Written Answers — Department of Finance: Fiscal Data (28 Jun 2016)

Michael Noonan: The calculation underpinning the estimated €1 billion net fiscal space is illustrated in Table A2 on page 27 of the Summer Economic Statement. The discretionary measures as detailed in item 8 include the carry forward impact of tax measures from budget 2016. By definition, expenditure measures are included in the base for the calculation of the following year's fiscal space. I...

Written Answers — Department of Finance: Stamp Duty (28 Jun 2016)

Michael Noonan: I am advised by Revenue that a breakdown of Stamp Duty receipts in tabular form is available atincluding the years 2010 to 2015. The Deputy may wish to note that the net receipt figures for Stamp Duty paid on share transactions includes all companies which are incorporated within the State.

Written Answers — Department of Finance: Tax Compliance (28 Jun 2016)

Michael Noonan: I am informed by Revenue that on foot of compliance interventions finalised in 2014 and 2015 the numbers of settlements which did not meet the criteria for publication are set out in the table: Settlements greater than 2014 2015 €100,000 658  666 €500,000 124 115 I am further informed that the main reasons why settlements in excess of €100,000 would not fall to...

Written Answers — Department of Finance: Tax Compliance (28 Jun 2016)

Michael Noonan: I am advised by Revenue that the general scheme of tax clearance certification is provided for by Section 1095 of the 1997 Taxes Consolidation Act (as amended). Revenue can not issue a Tax Clearance certificate where the applicant has not paid all tax, interest and penalties, or has not filed all tax returns that are correctly due. Revenue is also prevented from issuing a Tax Clearance...

Written Answers — Department of Finance: Insurance Industry (28 Jun 2016)

Michael Noonan: The annual Private Motor Insurance Statistics report published by the Central Bank of Ireland is compiled from policy level data submitted by Insurance Ireland to the Central Bank.  The most recent such Report which is for the year 2013 is available on the Central Bank's website at I am informed by the Central Bank that it does not publish the number...

Written Answers — Department of Finance: Insurance Industry (28 Jun 2016)

Michael Noonan: Differing reasons have been put forward by various interested parties to explain Ireland's current increasing insurance costs.  Motor insurance appears to be particularly affected with the cost of premiums increasing significantly in the past twelve months. Reasons often presented include the increased level of insurance claims and the increasing value of compensation awards. ...

Written Answers — Department of Finance: Mortgage Lending (28 Jun 2016)

Michael Noonan: The Central Bank, which has an independent mandate to preserve and protect financial stability, introduced macro prudential mortgage lending regulations to increase the resilience of the banking and household sectors to the property market and to reduce the risk of bank credit and house price spirals from developing in the future.  These measures apply proportionate lending...

National Asset Management Agency: Motion [Private Members] (29 Jun 2016)

Michael Noonan: I move amendment No. 1:To delete all words after “Dáil Éireann” and substitute the following:“notes that: — the National Asset Management Agency (NAMA) Chairman has stated that the NAMA Board is fully satisfied that the Project Eagle sales process delivered the best possible return that could have been achieved for Irish taxpayers; — it remains...

Written Answers — Department of Finance: Tobacco Control Measures (29 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 69 and 72 together. The Programme for a Partnership Government sets out a key public health committment to make Ireland tobacco free by 2025.  I support this committment. The tax treatment of tobacco products is provided for in Directive 2011/64/EU (the 'Tobacco Products Tax Directive'), which harmonises the structures and definitions of...

Written Answers — Department of Finance: Revenue Commissioners Staff (29 Jun 2016)

Michael Noonan: I am advised by Revenue that no clerical officer positions have been filled recently in their offices in Donegal Town.   Staffing within Revenue is a matter for the Revenue Commissioners and Revenue reviews its business and staff resource requirements in all locations and at all grades on an on-going basis as part of its workforce planning. 

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (29 Jun 2016)

Michael Noonan: I am advised by Revenue that a completed application under the Disabled Drivers & Passengers Scheme was received by them on 23rdJune 2016. This application will now be processed as quickly as possible and the person concerned will then be advised of the outcome of the application.

Written Answers — Department of Finance: Tax Code (29 Jun 2016)

Michael Noonan: I am advised by Revenue that the person concerned is not due a tax refund. Her tax credits exceed her income and she has not paid tax. The person concerned is exempt from Universal Social Charge.

Written Answers — Department of Finance: Property Tax Exemptions (29 Jun 2016)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house is liable to LPT. Therefore, the condition of a property does not result in exemption from LPT where it is occupied. The only exception in this regard is where a property is certified as having significant pyritic damage. Where a...

Written Answers — Department of Finance: Customs and Excise Controls (30 Jun 2016)

Michael Noonan: I am advised by Revenue that the necessary Customs formalities were complied with in the instance referred to by the Deputy.