Results 25,621-25,640 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Revenue Commissioners Investigations (26 Jan 2017)

Michael Noonan: I am informed by Revenue that it carries out a range of tax and duty compliance interventions including interventions to ensure the correct operation by employers of the PAYE system. When carrying out compliance interventions, Revenue is mindful of the possibility of the incorrect classification of a person as self-employed in any engagement between two parties and the non-operation of the...

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

Michael Noonan: As the deputy is aware, the SSM has ultimate responsibility for supervision of the banking sector. The SSM is comprised of the ECB and the national competent authorities (NCAs) of participating Member States.  The Irish national competent authority is the Central Bank of Ireland. Since the 4th of November 2014, the SSM has been responsible for the prudential supervision...

Written Answers — Department of Finance: House Prices (26 Jan 2017)

Michael Noonan: As regards house price developments, national residential property prices reached a trough in 2013, having contracted by 54 per cent. In Dublin house prices began to decline earlier than the rest of the country reaching a trough in 2012. Since then the recovery in the economy, the sustained growth in employment and demographic changes have underpinned the 50 per cent increase in national...

Written Answers — Department of Finance: EU Funding (26 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. The purpose of the European Fund for Strategic Investments (EFSI) is to support both public and private sector investment projects through loan facilities, which must be repaid, and guarantees to facilitate projects which otherwise might not proceed. EFSI's ability to deliver in a particular Member State is dependent on there being...

Written Answers — Department of Finance: European Investment Bank Loans (26 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 65 and 66 together. The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its mission is to help implement the EU's policy objectives by providing financing to projects that address these objectives. The EIB may lend to lend to Governments, public sector bodies, commercial semi-state bodies or private sector entities....

Written Answers — Department of Finance: VAT Yield (26 Jan 2017)

Michael Noonan: The standard rate of VAT (currently 23%) is applicable to the sale of non-alcoholic beer beverages. However it is not possible to furnish precise figures on the amount of VAT taken from the sale of non-alcoholic beer beverages as outlined in the Deputy's question.  This is due to the fact that the information provided to Revenue on a VAT return does not require the yield from...

Written Answers — Department of Finance: Financial Services Regulation (26 Jan 2017)

Michael Noonan: I am not going to comment on any speculation around the potential roll back of financial regulation in the United States or any other jurisdiction as it would be inappropriate for me to do so. The stability of financial markets has been a central priority for the European Union since the financial crisis and in the interim we have seen the introduction of reformed...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (26 Jan 2017)

Michael Noonan: The Drivers and Passengers with Disabilities (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, assistance with fuel costs, and an exemption from Motor Tax. As the Deputy will be aware, to qualify for the Scheme, an applicant must have...

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

Michael Noonan: My Department has been to the fore in producing and funding a number of economic assessments on Brexit, both before and after the referendum. Outputs include: - A scoping study in November 2015 under the Department of Finance-ESRI joint research programme, - Initial short-term estimates published in the Summer Economic Statement 2016, - An in-depth analysis of the possible sectoral and...

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

Michael Noonan: The responsibility for the development of Ireland's international trade policies is in the first instance a matter for the Minister for Jobs, Enterprise and Innovation. Across Government the headline priorities for the Article 50 negotiation process remain clear. These are to protect the economy and trade, the Northern Ireland Peace Process, the Common Travel Area and the future of...

Written Answers — Department of Finance: Insurance Coverage (31 Jan 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Pension Provisions (31 Jan 2017)

Michael Noonan: The State encourages individuals to put funds aside for their retirement by incentivising such savings through the tax system. Ongoing contributions to Revenue- approved pension schemes and personal pension plans are exempt from income tax (within limits) while the investment growth of such schemes and plans are also tax exempt. Retirement benefits are taxable at drawdown at normal...

Written Answers — Department of Finance: VAT Rate Application (31 Jan 2017)

Michael Noonan: I am advised by the Revenue Commissioners that this judgment was published on Thursday 19th January and that they are considering its implications. The CJEU ruling was given in answer to questions referred to it by the Tax Appeal Commissioners in relation to an appeal case; therefore the ruling must be interpreted and applied in the first instance by the Tax Appeal Commissioners to the case...

Written Answers — Department of Finance: Revenue Commissioners Staff (31 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 126 and 127 together. I am advised by Revenue that it does not engage the services of a private security firm at its offices at the Millennium Centre, Dundalk.  I am further advised by Revenue that hard copy documents are accepted from the public at its Dundalk office. In line with Revenue's Statement of Strategy 2017-2019 and its Customer Engagement...

Written Answers — Department of Finance: Departmental Meetings (31 Jan 2017)

Michael Noonan: Ireland remains in regular communication with the Brazilian Federal Revenue Service  on the inclusion of Ireland on their tax blacklist. Contact is ongoing and as I previously advised a technical delegation will be travelling to Brazil to discuss the issue with Brazilian officials.  It should be noted that Brazil have not designated Ireland a tax haven.  The Brazilian Federal...

Written Answers — Department of Finance: Tax Exemptions (31 Jan 2017)

Michael Noonan: Section 114 of the Taxes Consolidation Act 1997 provides for a tax deduction in respect of travel expenses which an employee or office-holder is necessarily obliged to incur in the performance of the duties of the office or employment.  In this regard, return travel from home to work is not an allowable expense and home may not be considered a place of work and this is a long-standing...

Written Answers — Department of Finance: National Treasury Management Agency Data (31 Jan 2017)

Michael Noonan: The National Treasury Management Agency have supplied the following table showing the number of staff employed by the NTMA in the remuneration categories requested.   Agency* €100-€200k €200-€300k €300-€400k €400-€500k > €500k NTMA 106 11 6 1 0 NAMA 110 5 0 1 0 All NAMA and Strategic Banking Corporation...

Written Answers — Department of Finance: NAMA Staff Data (31 Jan 2017)

Michael Noonan: The information sought by the Deputy is set out in NAMA's Annual Report and Financial Statements for 2015 on page 103 (Note 10.1 - Staff costs).  I am advised by NAMA that an amount of €3.6m was paid, in respect of 50 members of staff who departed under the Voluntary Redundancy Scheme, in 2016. As set out in response to Dáil Question 116 of 14 January 2016, the...

Written Answers — Department of Finance: NAMA Property Sales (31 Jan 2017)

Michael Noonan: As the Deputy has used a pejorative and undefinable term for potential purchasers, and due to the fact that providing the identity of specific purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser. I am advised that, in its capacity as a secured lender, NAMA has approved the sale of 14,246 residential properties by its debtors and...

Written Answers — Department of Finance: NAMA Property Sales (31 Jan 2017)

Michael Noonan: As the Deputy has used a pejorative and undefinable term for purchasers, and due to the fact that identifying properties associated with individual purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser. I am advised that NAMA is prohibited by law from disclosing confidential debtor information, including information...