Results 25,461-25,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Application (17 Jan 2017)

Michael Noonan: Rented residential relief, referred to as Section 23 relief, is available to a person who has incurred expenditure on the purchase, construction, conversion or refurbishment of a qualifying property and who lets that property under a qualifying lease, having complied with certain conditions. Relief for expenditure incurred can be set against the rent received from that property and other...

Written Answers — Department of Finance: Fuel Laundering (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 214, 221 and 304 together. I am advised by the Revenue Commissioners that the number of oil laundries detected and closed down in the period from 2012 to 2016 was 23.  Operations varied in size from basic to sophisticated.  Details of those detections, arrests and the stage these cases are at are set out in the table below. Year Cavan Louth Meath...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Jan 2017)

Michael Noonan: I am advised by the Revenue Commissioners that the Drivers & Passengers with Disabilities Scheme provides a range of tax reliefs linked to the purchase and use of specially constructed or adapted cars for the transport of persons with disabilities.  The scheme is available to persons (including children) who meet specified medical criteria and have obtained a Primary Medical...

Written Answers — Department of Finance: Insurance Industry (17 Jan 2017)

Michael Noonan: Setanta was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. Setanta is a Maltese incorporated company and therefore, the Setanta liquidation is being carried out under Maltese law.  As of 31 December 2016, the number of open claims is 1,664. The Department of Finance continue to liaise with the liquidator. Progress in the liquidation has...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (17 Jan 2017)

Michael Noonan: The Government is conscious that there is currently a shortage of housing and of the particular challenges faced by first-time buyers in obtaining the deposit required to purchase a home, given the Central Bank's macro prudential rules. As the Deputy will be aware, the 'Help to Buy' initiative was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for...

Written Answers — Department of Finance: Universal Social Charge Application (17 Jan 2017)

Michael Noonan: I am advised by Revenue that, based on the information available to them, the person concerned is not liable to pay USC and has been deemed exempt by Revenue.  If the person concerned had USC deducted in 2016, then on receipt of his P60 for 2016 he should request a review for 2016 by accessing Revenue's on line service at and any USC deducted can be refunded to him. 

Written Answers — Department of Finance: Universal Social Charge Application (17 Jan 2017)

Michael Noonan: I am advised by Revenue that, based on the information available to them, the person concerned is not liable to pay USC and has been deemed exempt by Revenue.  If the person concerned had USC deducted in 2016, then on receipt of his P60 for 2016 he should request a review for 2016, by accessing Revenue's on line service at www.revenue.ie and any USC deducted can be refunded to him. 

Written Answers — Department of Finance: Universal Social Charge Payments (17 Jan 2017)

Michael Noonan: I am advised by Revenue that the person concerned is due a refund of USC for the years 2013 to 2015 and arrangements have been made to issue the refund to him. A review of his position for 2016 will be possible when he has his P60 for that year. Revenue will make contact with him directly in that matter shortly. Based on the information presently available to Revenue, the correct...

Written Answers — Department of Finance: Fuel Inspections (17 Jan 2017)

Michael Noonan: I am advised by Revenue that they have ongoing investigative and enforcement action to detect illicit use of green diesel, based on risk analysis, profiling, intelligence and the screening of vehicles. Details as regards detections and enforcement action are set out in the following table.  Table: Marked Mineral Oil Detections and Enforcement Action 2011 to 2015 2011 2012 2013 2014...

Written Answers — Department of Finance: Fuel Laundering (17 Jan 2017)

Michael Noonan: In relation to the resources allocated to investigate this form of fuel fraud, I am informed by Revenue that it is a fully integrated tax administration and that it is not possible to disaggregate resources deployed exclusively at any given time on action against fuel laundering. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to targeting and...

Written Answers — Department of Finance: Currency Circulation (17 Jan 2017)

Michael Noonan: I am informed by the Central Bank that the value of Irish Punt currency outstanding as of 31 December 2016 is as follows: Banknotes €227,125,638.68 Coin €123,741,177.34 Following the publication of the Irish Pound Notes and Coins (Cessation of Legal Tender Status) Order 2001 (S.I. No. 313/2001, available here:), legal tender status was withdrawn from Irish...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 225 to 228, inclusive, together. I am informed by the Central Bank that under Part IIIC of the Central Bank Act 1942 , the Bank may hold an inquiry to determine whether or not a financial service provider is committing or has committed a prescribed contravention.  The Bank may also hold an inquiry to determine whether or not a person concerned in the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Jan 2017)

Michael Noonan: I am advised by Revenue that the person concerned received a refund under the Drivers and Passengers with Disabilities scheme, in respect of VRT, and a further refund was received in respect of the VAT element of the adaptations that were carried out on the car. The person concerned was advised on 28 November 2016 that there are no further refunds due in respect of this claim as they did...

Written Answers — Department of Finance: Mortgage Book Sales (17 Jan 2017)

Michael Noonan: As the Deputy will be aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act, 2015 was enacted on 8 July 2015. It was introduced to fill the consumer protection gap where loans were sold by the original lender to an unregulated firm. The 2015 Act introduced a regulatory regime for a new type of entity called a 'credit servicing firm'. Credit Servicing Firms are now...

Written Answers — Department of Finance: Tax Code (17 Jan 2017)

Michael Noonan: I am informed by Revenue that they are statutorily debarred from making repayments of tax outside of a four year period from the end of the tax year in respect of which the tax was paid, other than in very specific circumstances, for example, those provided for in section 959AA of the Taxes Consolidation Act 1997, which appear most relevant to the question. The circumstances provided for in...

Written Answers — Department of Finance: Banking Sector Staff (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 232 and 237 together. In response to the Deputy's question, the bank identified has informed me of the following: The solicitor identified by the Deputy has never been an employee of the bank nor any of its subsidiaries. The law firm of which the solicitor represented is a member of the Bank's panel of law firms and provides legal services to the Bank...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Jan 2017)

Michael Noonan: To qualify for a Primary Medical Certificate, an applicant must be permanently and severely disabled within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994 and satisfy one of the following conditions: - be wholly or almost wholly without the use of both legs; - be wholly without the use of one leg and almost wholly without the use of the other leg...

Written Answers — Department of Finance: Tax Collection (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 234, 313 and 337 together. Income from the provision of rooms by Irish householders through online accommodation sites is subject to tax and the amount of taxable income is computed and charged to tax in the normal manner. Where the provision of guest accommodation is occasional in nature, as distinct from it arising in the course of a B&B or...

Written Answers — Department of Finance: Vehicle Registration (17 Jan 2017)

Michael Noonan: I am advised by Revenue that the online estimate referred to does not relate to the vehicle imported in this instance and that furthermore the vehicle imported is not included in the list of vehicles for which the online calculator can be used. The VRT information available on the Revenue website draws attention to the fact that the Revenue online database may not include all vehicles and...

Written Answers — Department of Finance: Property Tax Exemptions (17 Jan 2017)

Michael Noonan: I am advised by Revenue that the Local Property Tax (LPT) 'unfinished housing estate' exemption is only available to properties that are located within a housing estate (or part of an estate) that was prescribed as 'unfinished', by the Minister for the Environment, Community and Local Government in Statutory Instrument (SI) No. 91 of 2013. Before claiming the 'unfinished housing...