Results 26,281-26,300 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Student Data (22 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 119 and 120 together. Based on the details supplied the Deputy's question relates to AIB. I have received the following response from AIB: "AIB has not sold or transferred the ownership of student loans to any third parties. AIB engages with third parties to support the recovery and restructure of the debt where required."

Written Answers — Department of Finance: Financial Services Ombudsman (22 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 121 and 122 together. Section 57 CC of the Central Bank Act 1942 provides that "The Financial Services Ombudsman shall ensure that investigations are conducted in private." Therefore I am not in a position to comment on ongoing cases. However, section 72 of the Central Bank (Supervision and Enforcement) Act 2013 gave the Financial Services Ombudsman the...

Written Answers — Department of Finance: Financial Services Ombudsman Staff (22 Mar 2017)

Michael Noonan: The Financial Service Ombudsman's Bureau (FSO) publishes staffing levels and details in its annual report.  It also provides details of its current staffing arrangements on its website.  I understand that there were 34 staff employed in the Financial Service Ombudsman Bureau at the end of 2016. This was broken down as follows: - Ombudsman/Deputy Ombudsman2 - PA to...

Written Answers — Department of Finance: Tax Rebates (23 Mar 2017)

Michael Noonan: The amount of Vehicle Registration Tax (VRT) charged can be based on a combination of the Open Market Selling Price (OMSP), CO2 emission levels and particular category of vehicle in question, or as a flat rate charge for larger commercial vehicles.  VAT is normally charged at 23% of the list price of the vehicle. Unfortunately, the Deputy has not...

Written Answers — Department of Finance: EU-IMF Programme of Support (23 Mar 2017)

Michael Noonan: The outstanding balances on the loans provided to Ireland under the EU/IMF Programme of Financial Support, as of end-February 2017, and as provided by the NTMA, are outlined in the table. Institution Outstanding Balance at end-February 2017 €bn equivalent International Monetary Fund (IMF) 4.3 United Kingdom 4.0 Sweden 0.6 Denmark 0.4 European Financial Stability Facility (EFSF)...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 Mar 2017)

Michael Noonan: The Deputy may wish to note that this morning the Central Bank of Ireland published a further update report on the Examination of Tracker Mortgage Related Issues and that this is available on its website www.centralbank.ie. This is the latest in a series of status updates since the examination commenced and sets out the progress being made by lenders in completing the...

Written Answers — Department of Finance: Tax Credits (23 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 60 and 61 together. The legislation governing entitlement to the incapacitated child tax credit is contained in section 465 of the Taxes Consolidation Act 1997. The legislation provides that an individual is entitled to the tax credit for a year of assessment if he or she proves that at any time during the year of assessment, he or she has a child who is...

Written Answers — Department of Finance: Income Data (23 Mar 2017)

Michael Noonan: I am advised by Revenue that the Revenue Statistics webpage contains detailed information on income distribution statistics, which can also be accessed directly at . The available information in relation to the numbers of persons by taxable income is under the 'Income Tax and Corporation Tax Distribution Statistics' heading in Table 'RVA02: Distribution of Income Tax by Range of...

Written Answers — Department of Finance: Financial Services Sector (23 Mar 2017)

Michael Noonan: I am informed by the Central Bank that under various European and Irish regulations, Fund Service Providers are permitted to outsource/delegate activities.  On this basis, derogations are not required in order for work to be performed in other jurisdictions on behalf of Irish Fund Service Providers, so this information is not collected.  The Central Bank informs me that it...

Written Answers — Department of Finance: Universal Social Charge Yield (23 Mar 2017)

Michael Noonan: The most recent economic and budgetary forecasts prepared by my Department were published as part of Budget 2017. On that basis, and assuming a no policy change, which does not take account of the allocation of fiscal space beyond T+1, the expected Universal Social Charge (USC) yield would be in the region of €5.2 billion in 2021. This expected increase in USC yield is driven by...

Written Answers — Department of Finance: Tracker Mortgage Data (23 Mar 2017)

Michael Noonan: The Deputy may wish to note that this morning the Central Bank of Ireland published a further update report on the Examination of Tracker Mortgage Related Issues and that this is available on its website www.centralbank.ie. This is the latest in a series of status updates since the examination commenced and sets out the progress being made by lenders in completing the...

Written Answers — Department of Finance: Departmental Meetings (23 Mar 2017)

Michael Noonan: A technical delegation travelled to Brazil recently to meet with the Brazilian Federal Revenue Service to discuss the inclusion of Ireland on the Brazilian list. The meeting provided the opportunity for officials to discuss the issue in the context of Ireland's request to be removed from the list and allowed Irish officials to provide further information on...

Written Answers — Department of Finance: Tax Yield (23 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 67 and 68 together. I am advised by Revenue that the yield from the exit tax on life assurance was in the order of €228 million in 2016. The projected yield in 2017 is €238 million. The yield from the 1% Stamp Duty levy on certain life assurance premiums was €21.4m in 2016. The projected yield for 2017 is €25.4m.

Written Answers — Department of Finance: Departmental Expenditure (23 Mar 2017)

Michael Noonan: I understand that the Deputy is referring to payments specifically in respect of audio and visual broadcasting. Details of payments made by my Department are listed in the table provided.  Of the 18 bodies under the aegis of my Department, 15 have confirmed a nil response to the information sought, the Office of the Revenue Commissioners and the Credit Reviewer have provided...

Written Answers — Department of Finance: VAT Payments (23 Mar 2017)

Michael Noonan: I am advised by Revenue that the supply of goods and services are generally liable to VAT at the various rates specified in the VAT Consolidation Act, 2010. Under the EU VAT Directive there is no scope to exempt supplies on the basis of charitable status. Generally, activities engaged in by charities are outside the scope of VAT and therefore they do not account for VAT on their supplies...

Written Answers — Department of Finance: VAT Yield (23 Mar 2017)

Michael Noonan: On 1 January 2015, new EU VAT rules came into effect changing the place of supply in respect of all supplies of telecommunications, broadcasting and electronic (TBE) services to consumers, from the place where the supplier is located to the place where the consumer resides. The VAT Mini One Stop Shop (MOSS), which is an optional scheme, also came into operation on 1 January 2015 allowing...

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (28 Mar 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: NAMA Property Sales (28 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 99 and 138 together. The Deputy will be aware that I and my Department refute absolutely any claims that I and my officials acted inappropriately, procedurally or otherwise, in meeting with Cerberus in March 2014. I would refer the Deputy to my response to Parliamentary Question 115 of 16 February 2016 where I outlined my views on the...

Written Answers — Department of Finance: NAMA Property Sales (28 Mar 2017)

Michael Noonan: The Deputy will be aware that Statements on the Establishment of Commission of Investigation into NAMA were taken in this House on Wednesday, 1 February 2017. As indicated on that occasion, the sensible course of action was to wait for the publication and consideration of the Public Accounts Committee's ("PAC") report before deciding on next steps.  The Deputy will be...

Written Answers — Department of Finance: Financial Services Ombudsman (28 Mar 2017)

Michael Noonan: The Financial Services Ombudsman has provided me with the following data: 2008 2009 2010 2011 2012 2013 2014 2015 2016 Number of complaints received 5947 7619 7230 7287 8135 7722 4477 4872 4513 Findings Upheld 417 915 442 361 302 202 147 140 101This information is available in Annual Reports and Annual Reviews on the Financial Services Ombudsman's website at .(The 2016 figures are due...