Results 25,601-25,620 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (24 Jan 2017)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) began lending in March 2015 and its purpose is to increase the availability of low cost, flexible funding to SMEs. The SBCI does not lend directly to SMEs; rather it makes funding available to SMEs through both bank and specialist, non-bank finance providers, known as on-lenders. At present, the SBCI has eight on-lending...

Written Answers — Department of Finance: Tax Code (24 Jan 2017)

Michael Noonan: The Home Carer Tax Credit may be claimed by married couples and couples in a civil partnership who are jointly assessed for tax purposes and where one spouse or civil partner provides care for a dependent person. A dependent person for the purposes of the Home Carer Tax Credit includes a child in respect of whom the claimant is in receipt of child benefit, a person aged 65 or over, or a...

Written Answers — Department of Finance: Banking Sector (24 Jan 2017)

Michael Noonan: I am aware that an announcement will be made by the bank concerned next month in relation to its future plans in Ireland and I do appreciate that this is a cause of concern, particularly for customers and employees of the bank in question. However, this is ultimately a commercial decision for the management team and board of the bank, having due regard to their...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 Jan 2017)

Michael Noonan: I am informed by Revenue that the provisions of the Disabled Driver and Disabled Passengers (Tax Concessions) Regulations 1994 (as amended) applies only to vehicles that have been specially constructed or adapted for use by a person with disabilities. To qualify for the Scheme a person must have a primary medical certificate and the vehicle involved must be specially constructed or adapted to...

Written Answers — Department of Finance: Primary Medical Certificates (24 Jan 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: Legislative Programme (24 Jan 2017)

Michael Noonan: The following table sets out the purpose of each piece of legislation under my Department which is listed on the Government Legislation Programme for the Spring/Summer Session 2017. Title Purpose Financial Services and Pensions Ombudsman Bill The purpose of the legislation is to amalgamate the Financial Services Ombudsman and the Pensions Ombudsman. The proposed Bill will amend, update...

Written Answers — Department of Finance: NAMA Debtors (25 Jan 2017)

Michael Noonan: I am interpreting the Deputy's question as requesting the number of NAMA debtors who have exited the agency organised by reference to the amount repaid at the time of exit from NAMA as a percentage of the total par debt owed to NAMA.  In this regard, I am interpreting your reference to "total original loan book value" in the details supplied to the question as the total par...

Written Answers — Department of Finance: Mortgage Data (25 Jan 2017)

Michael Noonan: I refer the Deputy to the Central Bank's Residential Mortgage Arrears and Repossession Statistics for the period ending quarter three 2016, which was published on 12th December 2016 and which may be viewed at . Details of the number of residential mortgages currently held by non-bank entities, including retail credit firms and unregulated loan owners, are presented in table 4 on page 11...

Written Answers — Department of Finance: Regional Airports (25 Jan 2017)

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. As the Deputy will be aware, my colleague, the Department for Transport, Tourism and Sport oversees the five-year Regional Airports...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (25 Jan 2017)

Michael Noonan: The Ireland Strategic Investment Fund has a dual mandate to invest on a commercial basis and support economic activity and employment in Ireland.  To date, the following transport specific investment has been made: - The rolling of an existing (NPRF) commitment in daa plc's public bond, which was issued in 2008 (repayable in 2018), into a €35 million commitment in a new 2028...

Written Answers — Department of Finance: Excise Duties Yield (25 Jan 2017)

Michael Noonan: I am informed by Revenue that the breakdown of excise receipts by category and by month for 2016 is as shown in the following tables. The "Other Excise" category includes licences and betting. Please note that the receipts shown for 2016 are provisional and may be subject to revision. For some excise commodities, the month may reflect the timing of the payment of the duty rather than the...

Written Answers — Department of Finance: Banking Operations (25 Jan 2017)

Michael Noonan: Further to parliamentary question number 80 of 19 January 2017, I can confirm that all legal advice taken by the Department of Finance in relation to this matter is both legally privileged and confidential so therefore it would not be appropriate to provide the requested information.

Written Answers — Department of Finance: Economic Growth (26 Jan 2017)

Michael Noonan: Projections published by my Department in Budget 2017 anticipate growth in the overall pay bill (both private and public combined) of 4.9 per cent in 2017. This comprises growth in average pay of 2.7 per cent and employment growth of 2.1 per cent. Pay bill growth is projected to average 5.4 per cent per annum in each year thereafter, with average pay expected to grow...

Written Answers — Department of Finance: Brexit Issues (26 Jan 2017)

Michael Noonan: My Department has been assessing and preparing for the impact of Brexit since well before the referendum on 23 June 2016. Work was carried out in my Department to assess the potential economic implications arising, including through the ESRI-Department of Finance research programme study published in November 2015 titled 'Scoping the Possible Economic Implications of Brexit on Ireland'. ...

Written Answers — Department of Finance: Pension Provisions (26 Jan 2017)

Michael Noonan: I understand that this question relates to aspects of section 14 of the Finance Act 2016, which made a number of amendments to the pension-related provisions of the Taxes Consolidation Act (TCA) 1997. I introduced these changes in order to close off certain tax-planning opportunities involving the use of Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs). In...

Written Answers — Department of Finance: Departmental Legal Costs (26 Jan 2017)

Michael Noonan: In August 2016, the European Commission announced that they had reached a negative decision in the Apple State Aid investigation. This Final Decision was later published in December 2016. The Government disagrees profoundly with the Commission's analysis and will now challenge the Commission's decision before the European Courts. This is necessary to defend the integrity of our tax system;...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: I am advised by NAMA that its debtors and receivers control 14 commercial office properties which are currently vacant. The properties concerned are either on the market for sale or are in the planning system with a view to increasing their ultimate disposal value.  I am advised that two of the 14 office properties have been vacant for less than three months, five have been vacant...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: As indicated in my reply to Parliamentary Question 90 of 19 January 2017, apart from properties acquired by NARPS, NAMA holds 11 other properties on its balance sheet. I am advised that the majority of these were taken onto NAMA's balance sheet arising from legal and insolvency agreements. Nine of these assets are land and development assets, of which two are located abroad. The...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: As indicated in my reply to Parliamentary Question 255 of 17 January 2017, NAMA debtors and receivers currently have exposure to 173 residential properties which are temporarily vacant.  The majority of these properties are currently on the market for sale, with many already sale agreed, or are being prepared for sale, are undergoing remediation works, or are between tenancies. ...

Written Answers — Department of Finance: Banking Sector Regulation (26 Jan 2017)

Michael Noonan: As I have previously stated, the European Central Bank (ECB) has responsibility for the direct prudential supervision of significant credit institutions (Significant Institutions) within participating member states whose currency is the euro. The ECB is competent to take direct sanctioning proceedings against Significant Institutions, under the framework set down by the Single Supervisory...