Results 24,601-24,620 of 27,019 for speaker:Michael Noonan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Michael Noonan: We are starting on a new departure. There is a pre-legislative scrutiny system now and this is the first day of it. I am prepared to discuss the Bill up, down, over and back and to come back again to do it. However, the issues you have raised, Chairman, are nothing to do with the Bill.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Michael Noonan: I know.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Michael Noonan: Thank you very much.

Finance Bill 2016: Order for Second Stage (25 Oct 2016)

Michael Noonan: I move: "That Second Stage be taken now."

Finance Bill 2016: Second Stage (25 Oct 2016)

Michael Noonan: I move: "That the Bill be now read a Second Time." As I said in my 2017 Budget Statement, the country has overcome significant challenges which many thought were insurmountable. The lessons of this challenging period must not be forgotten. There is a need to manage the public finances effectively and fairly for the benefit of all. In the programme for Government we decided to favour...

Written Answers — Department of Finance: VAT Exemptions (25 Oct 2016)

Michael Noonan: In general, the services provided by a doctor, including a locum doctor, to a patient in relation to the diagnosing, treating or alleviating an ailment is exempt from VAT. Therefore there is no VAT on the fee charged to the patient by the doctor providing the service regardless of whether the doctor is an employee, self-employed or a partner in a medical practice. In general, the tax...

Written Answers — Department of Finance: Tax Code (25 Oct 2016)

Michael Noonan: The basis for the current tax treatment of married couples derives from the Supreme Court decision in Murphy vs. Attorney General (1980). This decision was based on Article 41.3.1 of the Constitution where the State pledges to protect the institution of marriage. The decision held that it was contrary to the Constitution for a married couple, both of whom are working, to pay more tax than two...

Written Answers — Department of Finance: Help-To-Buy Scheme (25 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 163, 176 and 177 together. To be eligible for the Help to Buy scheme, a first-time buyer must sign a contract to purchase a new residence on or after 19 July 2016 and on or before 31 December 2019.  In the case of a person constructing a new residence on their own behalf (self-build), the first-time buyer must draw down the first tranche of...

Written Answers — Department of Finance: Aer Lingus Sale (25 Oct 2016)

Michael Noonan: As the Deputy will be aware, the Connectivity Fund was formed to invest the €335 million proceeds from the sale of the State's shareholding in Aer Lingus with the aim of enabling and enhancing Ireland's physical, virtual and energy connectivity. The establishment of the Connectivity Fund reflected the consistent policy of the Government that proceeds received from the sale of assets...

Written Answers — Department of Finance: Financial Services Ombudsman Data (25 Oct 2016)

Michael Noonan: At the outset, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties.  I have no role in the day to day workings of the office or in the decisions which he takes. I have been advised by the Financial Services Ombudsman Bureau (FSOB) that given the breadth and number of both insurance products and contractual terms raised by...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (25 Oct 2016)

Michael Noonan: As the Deputy will be aware, the Connectivity Fund was formed to invest the €335 million proceeds from the sale of the State's shareholding in Aer Lingus with the aim of enabling and enhancing Ireland's physical, virtual and energy connectivity. Due to commercial sensitivities, the ISIF does not comment on transactions that may or may not be under consideration or in progress....

Written Answers — Department of Finance: Living City Initiative (25 Oct 2016)

Michael Noonan: As the Deputy will be aware, the Living City Initiative was enacted in the Finance Act 2013 and commenced on 5th May 2015. The Initiative was extended beyond the original planned pilot cities of Limerick and Waterford, to include the cities of Dublin, Cork, Galway and Kilkenny. In line with my Department's commitment to evidence based policy-making, the inclusion of these additional four...

Written Answers — Department of Finance: Help-To-Buy Scheme (25 Oct 2016)

Michael Noonan: The commencement date for the Help to Buy scheme of 19 July 2016 was chosen as it was the date of the launch of 'Rebuilding Ireland - Action Plan for Housing and Homelessness', in which the development of such a scheme for inclusion in the Budget was initially announced. The intention to backdate this tax incentive to this date was announced at that time with a view...

Written Answers — Department of Finance: Home Repossessions Rate (25 Oct 2016)

Michael Noonan: The following table presents aggregated data on property repossessions published by the Central Bank, including details of Primary Dwelling Home (PDH) and Buy-to-Let (BTL) properties taken into possession through Court Order, Voluntary Surrender or Abandonment by the borrower.  This data is published by the Central Bank and is available on their website at . On the question of...

Written Answers — Department of Finance: EU Budget Contribution (25 Oct 2016)

Michael Noonan: EU Budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics bulletin. The latest edition from October 2015 contains the data up to 2014. Data for 2015 will be published in the near future. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the...

Written Answers — Department of Finance: National Car Test (25 Oct 2016)

Michael Noonan: I am informed by Revenue that an increase in the volume of applications to the NCT for vehicle registrations has resulted recently in some increase in waiting times. As part of a wider solution to address this, extra VRT capacity has been added to a number of NCTS centres to deal with the increased demand and a VRT function is being added to the Deansgrange NCTS Centre in November to allow...

Written Answers — Department of Finance: State Aid (25 Oct 2016)

Michael Noonan: On 30 August 2016, the European Commission issued a negative Decision in the Apple State Aid case. As a result, Ireland has been instructed by the European Commission to recover the alleged state aid from the company covering a ten year period. The Commission has estimated that the amount is up to €13bn, but the exact quantum is to be determined by the Irish authorities. ...

Written Answers — Department of Finance: Tax Reliefs Data (25 Oct 2016)

Michael Noonan: The Start Your Own Business scheme provides for relief from Income Tax for long term unemployed individuals who start a new business. The scheme provides an exemption from Income Tax on profits of up to a maximum of €40,000 per annum for a period of two years to individuals who set up a qualifying business, having been unemployed for a period of at least 12 months prior to...

Written Answers — Department of Finance: Pension Levy (25 Oct 2016)

Michael Noonan: I am advised by Revenue that the Pension Scheme Levy was introduced in 2011. For the years 2011, 2012 and 2013 the rate was 0.60% of the scheme assets. For the year 2014 the rate was 0.75% of the assets and for the year 2015, the final year of the levy, the rate was 0.15%. Under the legislation, the payment of the levy is treated as a necessary expense of a pension scheme and the trustees or...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Management (25 Oct 2016)

Michael Noonan: As the Deputy will be aware, the Connectivity Fund was formed to invest the €335 million proceeds from the sale of the State's shareholding in Aer Lingus with the aim of enabling and enhancing Ireland's physical, virtual and energy connectivity. Due to commercial sensitivities, the ISIF does not comment on transactions that may or may not be under consideration or in progress....