Results 26,441-26,460 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Primary Medical Certificates Applications (4 Apr 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 be in possession of a Primary Medical...

Written Answers — Department of Finance: Carbon Tax Collection (4 Apr 2017)

Michael Noonan: The carbon tax is designed to treat all carbon emissions the same in order to ensure that it is fair and its application is as broad as possible to make certain its efficacy. The introduction of Carbon Tax was to send a price signal that there is a cost associated with the combustion of fossil fuels to the detriment of the environment. Ireland is legally bound to...

Written Answers — Department of Finance: Help-To-Buy Scheme (4 Apr 2017)

Michael Noonan: I assume that the Deputy is referring to a self-build residence and that by cost price he means the cost of building the residence. I am informed by Revenue that the loan-to-value ratio used under the scheme is calculated as the amount of the qualifying loan taken as a proportion of the purchase value of the self-build residence. The purchase value of a self-build property...

Written Answers — Department of Finance: Supreme Court Rulings (4 Apr 2017)

Michael Noonan: The Law Society v Motor Insurers' Bureau of Ireland (MIBI) case was heard by the Supreme Court of Ireland in October 2016.  The outcome of that case is currently awaited.  No date has been specified for the delivery of the judgment. As you are aware the judiciary are a separate and independent branch of the state and therefore the timing of the delivery of their decision...

Written Answers — Department of Finance: State Bodies (4 Apr 2017)

Michael Noonan: The NTMA has informed me that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace and defence sub-industry as at 31 December 2016 is approximately €10.5 million.  The aerospace & defence sub-industry is the lowest level of sector breakdown available under the Global Classification and the Bloomberg Industry...

Written Answers — Department of Finance: State Bodies (4 Apr 2017)

Michael Noonan: As the Deputy is aware the Ireland Strategic Investment Fund ("ISIF") has a statutory mandate to invest on a commercial basis to support economic activity and employment in Ireland and is engaged in a strategy to sell its investments outside Ireland over time to fund Irish investment commitments as they arise.  The Fund's annual report for the year ended 31 December 2016, together with a...

Written Answers — Department of Finance: Credit Unions (4 Apr 2017)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Drugs Seizures (4 Apr 2017)

Michael Noonan: I am advised by Revenue that the values of the illegal drugs which have been seized by them in each of the past five years are set out in the table. The values are estimated at the time of seizure and before full forensic analysis is complete. Year Value of Illegal Drugs Seized €million 2012 49.3 2013 20.8 2014 91 2015 23.1 2016 30.5 Illegal drugs seized by Revenue's Customs...

Written Answers — Department of Finance: Tax Data (4 Apr 2017)

Michael Noonan: Based on the assumption that the Deputy is referring to the A4 band (111-120 g/km) and that the €30,000 price is inclusive of VRT and VAT, the cost of providing a full refund of VRT and VAT for the purchase of 1,000 vehicles would be in the region of €10 million. 

Written Answers — Department of Finance: Cáin Chorparáide (4 Apr 2017)

Michael Noonan: Tá an córas cáineach corporáide Éireannach trédhearcach. Tá sé bunaithe ar ráta príomha de 12.5% ar bhonn leathan le líon beag faoiseamh cánach atá ana-dhírithe. Mar sin, nil ach raon srianta caiteachais cánach corporáide in Éirinn. Tá siad seo dírithe ar chruthú postanna agus ar...

Written Answers — Department of Finance: Departmental Expenditure (4 Apr 2017)

Michael Noonan: As the Deputy may be aware, in line with the State agreements with AIB, all fees incurred by the State in relation to any capital transaction will be paid by the bank. Fees are only payable to the syndicate on the completion of a successful transaction, and are proportional to the value of the transaction. As such it is not possible to provide the exact quantum of fees that would be...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (4 Apr 2017)

Michael Noonan: I propose to take Questions Nos. 168 to 173, inclusive, and 192 together. I am advised by Revenue that the number of applications under the Help to Buy (HTB) incentive received up to the end of March 2017 is set out in the table. Application Stage Data No. of Applications Successful Applications Pending 4,698 1,206 3,492 The Deputies will be aware that a two-stage process is employed...

Written Answers — Department of Finance: Corporation Tax Regime (4 Apr 2017)

Michael Noonan: I assume that the Question is referring to comments made in a recent report published by Oxfam.  The report, and the figures it is based on, provide limited information on the nature of the activities that the companies concerned carry out in each country in which they operate.  Whether a company is correctly allocating profits among its activities is a...

Written Answers — Department of Finance: Financial Institutions Levy (4 Apr 2017)

Michael Noonan: In accordance with Section 126AA of the Stamp Duties Consolidation Act 1999, an annual levy was imposed on certain financial institutions for each of the years 2014, 2015 and 2016. The levy was charged at 35% of the Deposit Interest Retention Tax (DIRT) paid by a financial institution in 2011 and raised approximately €150 million annually for the Exchequer. In the case of a financial...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (4 Apr 2017)

Michael Noonan: I am advised by Revenue that an application under the Drivers/Passengers with Disabilities Scheme was received on 16 March 2017 from the person (details supplied).  The required Exemption Notification is available for download by the person concerned. The person concerned will need to register via the online service at www.revenue.ie(myAccount) if they have not already done so in order...

Written Answers — Department of Finance: Tax Data (4 Apr 2017)

Michael Noonan: I am informed by Revenue that, as the information provided on VAT returns does not require the yield from particular activities or products to be separately identified, it is not possible to provide the VAT collected from toll roads or to separate this collection by road or toll location. Furthermore, I am advised that, even if the information were available, due to Revenue's obligation to...

Written Answers — Department of Finance: VAT Exemptions (4 Apr 2017)

Michael Noonan: I am advised by the Revenue Commissioners that the Court of Justice of the EU in the National Roads Authority v The Revenue Commissioners judgment decided key questions of principle in relation to the liability to VAT of tolls charged to road users by a public authority for the making available of road infrastructure (the Dublin Tunnel and the Westlink (M50) toll road), which were referred by...

Written Answers — Department of Finance: Consumer Protection (4 Apr 2017)

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

Written Answers — Department of Finance: Ireland Strategic Investment Fund Management (4 Apr 2017)

Michael Noonan: As the Deputy will be aware, in the social and affordable housing market, in line with Rebuilding Ireland commitments, the Ireland Strategic Investment Fund (ISIF) and a number of key Government Departments are examining the feasibility of establishing a funding vehicle, in conjunction with the private sector, which could facilitate investment in social and affordable housing. Key...

Written Answers — Department of Finance: Brexit Issues (4 Apr 2017)

Michael Noonan: The Department of Finance has been assessing and preparing for the impact of a British exit from the European Union since well before the referendum on 23 June 2016. Work was carried out in the Department to assess the potential economic and financial sector implications arising, including through the ESRI-Department of Finance research programme study published in November 2015 titled...