Results 11,061-11,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Interest Relief Application (21 May 2013)

Michael Noonan: I assume the Deputy is referring to the tax relief that is available to borrowers who took out qualifying loans in 2009. Tax relief is available up to and including the tax year 2017 on the interest paid on qualifying home loans taken out in the period 2004 to 2012. There are ceilings on the amount of interest that can qualify for relief, which vary depending on whether the claimant is a...

Written Answers — Department of Finance: Ministerial Travel (21 May 2013)

Michael Noonan: In response to the Deputy’s question the following table outlines details in respect of the amount paid in travel and subsistence payments by my Department to the Junior Ministers in the Department for the period 1 January 2005 to March 2011. Travel and Subsistence payments made to Ministers and Ministers of State Period Name Domestic T&S Foreign T&S Total Amount...

Written Answers — Department of Finance: Ministerial Appointments (21 May 2013)

Michael Noonan: In the time allowed, it was not possible to reply to the Deputy’s question. The information will be provided directly to the Deputy in due course.

Written Answers — Department of Finance: Corporation Tax (21 May 2013)

Michael Noonan: The Taoiseach, myself and other members of the Government have repeatedly expressed the Government’s commitment to the retention of the 12.5% rate and I do not foresee any changes in this regard.

Written Answers — Department of Finance: Corporation Tax (21 May 2013)

Michael Noonan: My Department is aware of the need to maintain a competitive corporate tax regime and to that end, closely monitors developments in other countries. However, it is not appropriate to single out any particular country or corporate tax system and comment on them in this way. The changes that I announced in Budget 2013 and introduced in Finance Act 2013 highlight the on-going work by my...

Written Answers — Department of Finance: Corporation Tax (21 May 2013)

Michael Noonan: The issue of Cyprus raising its corporate tax rate from 10% to 12.5% is a matter for the Cypriot Government. The new rate was agreed as part of the funding programme which was negotiated with the troika. There are no negative implications for Ireland as a result of this decision and it will have no impact on our 12.5% corporate tax rate. On the contrary, this increase in the Cypriot...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Meetings (21 May 2013)

Michael Noonan: The Irish Fiscal Advisory Council was established on a statutory basis on the 31 December 2012 under the Fiscal Responsibility Act 2012. The Deputy should be aware that the Irish Fiscal Advisory Council is an independent body. The Fiscal Responsibility Act states that the Fiscal Council may regulate its own procedures (including quorum) and therefore this question is a matter for the...

Written Answers — Department of Finance: Small and Medium Enterprises Sector (21 May 2013)

Michael Noonan: I propose to take Questions Nos. 161, 162 and 177 together. Some indicative information on the extent of property investment in the SME sector can be garnered from the Red C survey of credit demand covering the period April to September 2012 conducted on behalf of my Department, which found that “A relatively small number of SMEs (16%) claim to have purchased property using bank...

Written Answers — Department of Finance: Credit Availability (21 May 2013)

Michael Noonan: I propose to take Questions Nos. 163 and 302 together. The pillar banks are required to submit their lending plans to the Department and the Credit Review Office (CRO) at the beginning of each year, outlining how they intend to achieve their lending targets. The banks have submitted their lending plans for 2013 to my Department. My Department, in conjunction with the CRO, has analysed the...

Written Answers — Department of Finance: Small and Medium Enterprise Sector (21 May 2013)

Michael Noonan: I propose to take Questions Nos. 164 and 182 together. I am informed by the Central Bank that the main SME lenders in the Irish economy have SME exposures of greater than €50bn in aggregate, c.50% of which are classified as in “distress”. For the avoidance of doubt, the Central Bank has indicated to me that these c€25bn of loans are 'distressed' loans which...

Written Answers — Department of Finance: Job Initiatives (21 May 2013)

Michael Noonan: I assume that the Deputy is referring to the proposal to establish the Ireland Strategic Investment Fund (ISIF) which will absorb the National Pensions Reserve Fund (NPRF). Officials of my Department are currently preparing the legislation to create the ISIF with an Ireland-focused commercial investment mandate, designed to encourage economic activities and employment through the redeployment...

Written Answers — Department of Finance: Enterprise Support Services Provision (21 May 2013)

Michael Noonan: Neither, I as Minister for Finance, nor my Department have any function in relation to the type of project referred to by the Deputy.

Written Answers — Department of Finance: Property Taxation Administration (21 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that it is not correct to say that persons who make a Local Property Tax return do not receive confirmation of payments, regardless of the manner in which the transaction takes place. By way of background, I am advised that since July 2011 paper receipts no longer issue in respect of tax payments generally. This decision was taken on the basis that...

Written Answers — Department of Finance: Property Taxation Exemptions (21 May 2013)

Michael Noonan: As I outlined in my response to Parliamentary Question No. 50 of 13 March 2013 (13195/13), in the case of a property that is used for both commercial and residential purposes, Local Property Tax is only due on the residential portion of the property where the residential portion is not subject to commercial rates. Where the entire building including the residential portion is subject to...

Written Answers — Department of Finance: Job Assist Scheme Eligibility (21 May 2013)

Michael Noonan: Section 472A(5)(a) of the Taxes Consolidation Act 1997 states that the deductions due under the Revenue Job Assist scheme “shall not be due if the qualifying individual, or his or her employer, is benefiting, or has benefited, in respect of a qualifying employment in respect of which a claim under this section is made, under an employment scheme, whether statutory or otherwise.”...

Written Answers — Department of Finance: Official Engagements (21 May 2013)

Michael Noonan: As I have a large number of diary engagements over the coming weeks, I am not - as yet - in a position to confirm whether I will be attending this year's Bilderberg Conference.

Written Answers — Department of Finance: Banking Sector Issues (21 May 2013)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the issues raised by the Deputy. The Deputy will no doubt appreciate that the provision of services by banks, including the cashing of travellers cheques is a commercial decision for individual lending institutions. The Department of Communications, Energy and Natural Resources has advised me that An Post does not accept...

Written Answers — Department of Finance: Bank Guarantee Scheme Administation (21 May 2013)

Michael Noonan: The information requested by the Deputy is as follows: 1. Allied Irish Banks, p.l.c. 2. AIB Mortgage Bank 3. AIB Bank (CI) Limited 4. AIB Group (UK) plc 5. Allied Irish Banks North America Inc. 6. The Governor and Company of the Bank of Ireland 7. Bank of Ireland Mortgage Bank 8. ICS Building Society 9. Bank of Ireland (I.O.M.) Limited 10. Irish Bank Resolution Corporation...

Written Answers — Department of Finance: Property Taxation Administration (21 May 2013)

Michael Noonan: I am informed by Revenue that on investigating the circumstances of the case to which the Deputy referred in his representation, no definitive record matched the details provided and accordingly it was necessary to make direct contact with the person in question. I understand the person had not filed an LPT return or paid any money up to that point. The person had some concerns in regard to...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (21 May 2013)

Michael Noonan: I am informed by the National Treasury Management Agency (NTMA) that the level of detail requested by the Deputy in relation to the number of press queries dealt with and number of media briefings organised by the NTMA’s external communications service provider is not readily available. In addition to formal press briefings arranged around events such as end-year results and annual...