Results 23,461-23,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fiscal Data (7 Jul 2016)

Michael Noonan: Estimates of fiscal space based on the expenditure benchmark are unaffected by changes in actual GDP. Instead, the relevant input is the estimate of the potential growth rate of the economy, as estimated by the European Commission each Spring. The rationale for this is simple: budgetary policy should not be pro-cyclical.  In other words, fiscal space should not increase when there...

Written Answers — Department of Finance: Insurance Costs (7 Jul 2016)

Michael Noonan: Differing reasons have been put forward by various interested parties to explain Ireland's current increasing insurance costs.  The Central Statistics Office has reported that the cost of insurance premiums increased significantly in the past twelve months with a 35.5% increase in motor car insurance and dwelling and health insurance up by 9.9% and 6.5% respectively. ...

Written Answers — Department of Finance: Tax Code (7 Jul 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 threshold known as the "Group threshold" below which gift or inheritance tax...

Written Answers — Department of Finance: Financial Services Sector (7 Jul 2016)

Michael Noonan: The matter of whether or not a borrower is permitted to rent out their principal private residence without the lender's permission is a matter of contract between the lender and the borrower, which may be provided for in the terms and conditions of the loan agreement. I, as Minister for Finance, have no role in the commercial decisions of individual banks. I have also been informed that the...

Written Answers — Department of Finance: Departmental Expenditure (7 Jul 2016)

Michael Noonan: No fee, or any other form of remuneration, was paid by my Department to the company referred to in each of the past ten years. The company seconded four individuals to my Department on a pro bonobasis for parts of 2010, 2011, 2012, 2013, 2015 and 2016.

Written Answers — Department of Finance: Corporation Tax Regime (7 Jul 2016)

Michael Noonan: I am aware of media comments from the UK Chancellor of the Exchequer earlier this week regarding a move by the UK to a corporation tax rate of less than 15%. This announcement is not surprising given that the UK had previously announced a cut to 17% by 2020.  There appears to be no timeframe set for this further reduction and we will have to wait and see the...

Written Answers — Department of Finance: UK Referendum on EU Membership (7 Jul 2016)

Michael Noonan: My Department has been preparing for the outcome of the UK referendum on EU membership for a considerable period of time and this has included the establishment of inter-divisional structures and committees. Senior officials from my Department also participate in the Inter-departmental Group on EU-UK issues which is chaired by the Department of the Taoiseach. Following the outcome of...

Written Answers — Department of Finance: IBRC Liquidation (7 Jul 2016)

Michael Noonan: The costs associated with the Special Liquidation from the 7th February 2013 to 31st December 2015 were €179,560,000 (net of rebates).  Of this, €95,470,000 related to fees for work carried out by KPMG SL Team and KPMG migration, €32,501,000 to A & L Goodbody Solicitors and €18,969,000 to Linklaters Solicitors for legal work carried out. There were...

Written Answers — Department of Finance: Consultancy Contracts Data (7 Jul 2016)

Michael Noonan: The information requested by the Deputy is set out in the following table. Company External Consultant Report Cost Year Published Red C SME Lending Survey October 2015 - March 2016 €58,979.00 2016 Published - June 2016** Dr Don Thornhill Review of Local Property Tax Nil 2015 Published - October 2015 ESRI Tax breaks and the residential property market €30,677.43 2015...

Written Answers — Department of Finance: Departmental Expenditure (7 Jul 2016)

Michael Noonan: In response to the Deputy's question, there have been no photography costs incurred by my Department since my appointment as Minister for Finance to the 32nd Dáil. The Department's policy regarding the booking of photographers is to follow the relevant public procurement guidelines and procedures.

Written Answers — Department of Finance: Public Relations Contracts Data (7 Jul 2016)

Michael Noonan: I take it that the Deputy is referring solely to external public relations and not to advertising that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, etc. No new Public Relations firms have been employed in my Department since my coming into office...

Written Answers — Department of Finance: Tax Code (12 Jul 2016)

Michael Noonan: I assume the Deputy is referring to the tax position of home tutors who, prior to September 2015, were paid by parents from grants paid to them by the Department of Education and Skills.  I am advised by the Revenue Commissioners that, in the context of an audit over the last few years, it was determined by Revenue that these home tutors are employed under a contract of service i.e. they...

Written Answers — Department of Finance: NAMA Portfolio (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 183 to 185, inclusive, together. NAMA is bound by both statutory and contractual obligations of confidentiality. Neither NAMA nor I can comment on individual cases. Specifically, NAMA is, as the Deputy may be aware, subject to similar requirements as banks and other lenders that do not allow them to disclose information relating to individual debtors...

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 186 and 187 together. The provision of insurance cover 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.  In my role as Minister for Finance, I have responsibility for the development of the legal framework...

Written Answers — Department of Finance: Corporation Tax (12 Jul 2016)

Michael Noonan: I am aware of media comments from the UK Chancellor of the Exchequer last week regarding a move by the UK to a corporation tax rate of less than 15%.  This announcement is not surprising given that the UK had previously announced a cut to 17% by 2020.  There appears to be no timeframe set for this further reduction and we will have to wait and see the...

Written Answers — Department of Finance: EU Funding (12 Jul 2016)

Michael Noonan: The Department of Finance does not deal directly with the operational aspects of EU Budget programmes.

Written Answers — Department of Finance: Tax Code (12 Jul 2016)

Michael Noonan: From time to time the EU Commission raises queries around various tax provisions in Irish legislation, including Vehicle Registration Tax. This is usually done by means of an EU pilot which is a scheme designed to resolve compliance problems without having to resort to infringement proceedings. The pilot can be driven by the need for the Commission to gather information on its own...

Written Answers — Department of Finance: Tax Yield (12 Jul 2016)

Michael Noonan: I am informed by Revenue that the yield from Vehicle Registration Tax (VRT) from 2009 to 2015 is set out in the following table: Vehicle Registration Tax Year €m 2009 375.4 2010 383.5 2011 388.4 2012 379.3 2013 437.3 2014 542.1 2015 649.6

Written Answers — Department of Finance: Credit Unions (12 Jul 2016)

Michael Noonan: Credit unions are member-owned, not-for-profit financial co-operatives that provide savings, credit and other financial services to their members. Similar to any other business, the operation of a credit union is a matter for the credit union itself, including matters regarding the premises from which it operates. The role of the Minister for Finance is to ensure that the legal...

Written Answers — Department of Finance: Departmental Agencies Board Appointments (12 Jul 2016)

Michael Noonan: In response to the Deputy's query, please find in tabular form, where relevant, the numbers of Board members on each agency or body, the number of vacancies, if any, and when those vacancies occurred. The Deputy should note that some of the Board positions are filled on an ex officiobasis. Name of Body Number of Positions on boards of bodies/agencies under the aegis of the Department...