Results 26,801-26,820 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I propose to take Questions Nos. 101 and 102 together. The Deputy may wish to note that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at . In relation to the first question, this Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands. While the Ready...

Written Answers — Department of Finance: Departmental Agencies Expenditure (17 May 2017)

Michael Noonan: In response to the Deputy, I am advised that of the 18 bodies under the aegis of my Department, 8 have incurred costs relating to the rental of car park spaces for the period in question. I have included the details of payments made in each of the years 2011 to 2016 and to date in 2017 in the following table in respect of these 8 bodies, as requested. Of the remaining 10 bodies, the Office...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (17 May 2017)

Michael Noonan: The Central Bank’s Code of Conduct on Mortgage Arrears 2013 (CCMA) sets out how mortgage lenders must treat borrowers in or facing mortgage arrears.  The CCMA applies to the mortgage loan of a borrower which is secured by his/her primary residence. The CCMA provides that a lender must ensure that it has in place a Mortgage Arrears Resolution Process (MARP) as a framework for...

Written Answers — Department of Finance: Tax Rebates (17 May 2017)

Michael Noonan: I am advised by Revenue that a refund of tax for 2016 was made by direct credit to the nominated bank account of the authorised agent of the person concerned on 16 February, 2017.

Written Answers — Department of Finance: Brexit Issues (17 May 2017)

Michael Noonan: The Government has published  a comprehensive document on ‘Ireland and the negotiations on the UK’s withdrawal from the European Union under Article 50 of the Treaty on European Union’ on 2 May. The Government's position in relation to the Border with Northern Ireland in the context of Brexit is very clear - continued freedom of movement, absence of a hard...

Written Answers — Department of Finance: Banking Sector Regulation (17 May 2017)

Michael Noonan: As the Deputy will be aware, I, as Minister for Finance, have no function in the relationship between the Irish banks and their regulator, the Central Bank of Ireland. The Central Bank is the statutory supervisory and enforcement authority for regulated financial services providers in Ireland, and it is also responsible for protecting the consumer of financial services. As such, it is the...

Written Answers — Department of Finance: Departmental Agencies Staff Data (17 May 2017)

Michael Noonan: I understand that the Deputy is referring to persons employed by bodies under the aegis of my Department through recruitment agencies. I have been advised that of the 18 bodies under the aegis of my Department, 7* bodies have persons employed through agencies. I have included the number of persons in the following table in respect of these 7 bodies, as requested. Of the remaining 11...

Written Answers — Department of Finance: Departmental Staff Data (17 May 2017)

Michael Noonan: I wish to inform the Deputy that there are no persons employed through agencies in my Department. There are 12 persons employed in the Shareholding and Financial Advisory Division of my Department who are seconded from the NTMA.

Written Answers — Department of Finance: Departmental Agencies Expenditure (17 May 2017)

Michael Noonan: In response to the Deputy, the information which I am providing is in respect of costs incurred to date in 2017. I have been advised that of the 18 bodies under the aegis of my Department, 6* have incurred costs for contracted work completed by external agencies or consultants in human resources and industrial relations. I have included the details of payments made to date in...

Asian Infrastructure Investment Bank Bill 2017: Order for Second Stage (18 May 2017)

Michael Noonan: I move: "That Second Stage be taken now."

Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 May 2017)

Michael Noonan: I move: "That the Bill be now read a Second Time". The Asian Infrastructure Investment Bank Bill, if approved by the Oireachtas, will facilitate Ireland’s future membership of the Asian Infrastructure Investment Bank, AIIB. It will provide for the approval of the articles of agreement of the AIIB and for payments to be made to the bank. The AIIB is a new multilateral financial...

Asian Infrastructure Investment Bank Bill 2017: Second Stage (18 May 2017)

Michael Noonan: I thank the Deputy.

Ceisteanna - Questions - Priority Questions: Tax Yield (18 May 2017)

Michael Noonan: Cumulative Exchequer tax revenues at the end of April 2017 were slightly below profile, coming in just 2.4%, or €344 million, under expectations. In terms of the "big four" tax headings, corporation tax, income tax and excise duties recorded shortfalls against profile, but VAT was ahead of expectations. Corporation tax receipts of €587 million were collected to the end of...

Ceisteanna - Questions - Priority Questions: Tax Yield (18 May 2017)

Michael Noonan: I acknowledge that there is some concern. I hope circumstances will right themselves as the year goes by. With regard to the personal taxes, PAYE yield is in line with expectations. It is up a little. PRSI receipts are up but the USC receipts are down. What I have said in my reply does not fully explain the USC discrepancy. There is something else happening in respect of it. The...

Ceisteanna - Questions - Priority Questions: Tax Yield (18 May 2017)

Michael Noonan: First, the Deputy must recognise that some taxes are quite lumpy in the way they come in and the Revenue is still confident that the figures will right themselves as the year goes by. We can safely say at this stage that we will not have the overrun in tax receipts that we had over the past two years. The other side of the balance sheet is expenditure and that is running behind profile as...

Ceisteanna - Questions - Priority Questions: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: As the Deputy will be aware, during the Committee Stage debate on the Finance Bill 2016, I agreed to commission an independent impact assessment on the effects of the help-to-buy incentive for completion prior to budget 2018. Following a competitive tender process, Indecon Economic Consultants were appointed in April to undertake this impact assessment. This purpose of this...

Ceisteanna - Questions - Priority Questions: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: No, we have all agreed several times that the problem with housing relates to supply. The supply of houses is not sufficient to meet demand. Housing demand is not a lot of people who want houses; housing demand is a lot of people who want houses and can put the money up to buy them. It is much more likely that the hugely increased activity in the mortgage market is contributing to the...

Ceisteanna - Questions - Priority Questions: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: I can confirm that is the intention.

Ceisteanna - Questions - Priority Questions: Revenue Commissioners Enforcement Activity (18 May 2017)

Michael Noonan: In my Financial Statement to the House on 11 October 2016, I indicated that I would act to restrict the opportunity for tax defaulters to use the voluntary disclosure regime with effect from May 2017. In line with this undertaking, section 56 of the Finance Act 2016 provided that, as and from the voluntary disclosure deadline date, the making of a qualifying disclosure is no longer permitted...

Ceisteanna - Questions - Priority Questions: Revenue Commissioners Enforcement Activity (18 May 2017)

Michael Noonan: This question does not relate directly to what were traditionally known as the tax exiles. The Revenue Commissioners have informed me that a very large proportion of the disclosures were received in the days immediately prior to the deadline of 4 May. All of the postal and electronic correspondence received is now being examined. Further details about the disclosures and their value will...