Results 14,221-14,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Social Media Monitoring (11 Feb 2014)

Michael Noonan: In response to the Deputy's question the Department of Finance Press Office, in addition to other duties, monitors online, print and broadcast media. In addition, the Department has a twitter account @irldeptfinance and we currently follow 481 accounts and have 3,714 followers.  

Written Answers — Department of Finance: Insurance Industry (11 Feb 2014)

Michael Noonan: I am informed by Permanent TSB that it is normal lending practice to ensure that a customer has in place sufficient life assurance to cover the value of their mortgage (which with limited exceptions is otherwise a legal requirement under the Consumer Credit Act),  together with home insurance to cover the replacement value of a house on which the mortgage is charged....

Written Answers — Department of Finance: VAT Rate Application (11 Feb 2014)

Michael Noonan: The supply of dog grooming services is liable to VAT at the standard rate, currently 23 per cent.  Paragraph 21(3) of Schedule 3 to the Value-Added Tax Consolidated Act 2010 provides that the supply of services by a veterinary surgeon in the course of their profession is liable at the reduced rate of VAT, currently 13.5%.  Where a veterinary surgeon carries out a dog grooming...

Written Answers — Department of Finance: Mortgage Schemes (11 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 163 and 164 together. I have been informed by AIB that the new split mortgage product will be available to AIB and EBS customers on a case by case basis subject to a full assessment of their financial position. AIB have also informed me that the new split mortgage product will be available to customers who have...

Written Answers — Department of Finance: State Claims Agency (11 Feb 2014)

Michael Noonan: The information requested by the Deputy is set out under the following subheadings. 1. Total amount of money spent by the State Claims Agency on legal fees in 2012 and in 2013  - 2012 (€m) 2013 (€m) Legal Cost Transactions per year 17,165,197 18,443,185 Total Defence Legal  Costs 21,931,385 24,314,355  Total Claimant Legal Costs 39,096,582...

Written Answers — Department of Finance: State Claims Agency (11 Feb 2014)

Michael Noonan: The State Claims Agency directly employs 20 solicitors and 2 barristers. 12 solicitors are employed as clinical claims managers, being specialists in the management clinical negligence claims, whilst 6 solicitors are employed as in-house litigation managers. One solicitor is also a legal costs accountant in the Agency's Legal Costs Unit. A barrister and a solicitor are employed as...

Written Answers — Department of Finance: Central Bank of Ireland (11 Feb 2014)

Michael Noonan: The Central Bank has informed me that Home Payments Limited was not authorised by the Central Bank of Ireland ('Central Bank').  At the time Home Payments Limited was in operation, there was no regime in place targeting specifically the authorisation and supervision of businesses labelled "bill payment", "debt management" or "debt advice". Eamonn Richardson of KPMG and Eamonn...

Written Answers — Department of Finance: Fuel Laundering (11 Feb 2014)

Michael Noonan: I am sure the Deputy will appreciate that it is inherently difficult to estimate the extent of any illicit activity and its impact on the exchequer and the wider economy.  The Revenue Commissioners advise me that while there is no reliable estimate of the scale of illegal activity in the fuel sector, they recognise that the laundering of markers from rebated fuels represents a...

Written Answers — Department of Finance: Pensions Legislation (11 Feb 2014)

Michael Noonan: By way of background, Approved Retirement Funds (ARFs) were introduced by Finance Act 1999 to provide control, flexibility and choice to holders of personal pensions and to proprietary director members of occupational pension schemes in relation to the drawing down of benefits from their pension plans. Prior to that Act, any person taking a pension from a Defined Contribution (DC) scheme or a...

Written Answers — Department of Finance: Property Taxation Administration (11 Feb 2014)

Michael Noonan: As indicated previously to the Deputy, the Inter-departmental group, chaired by Dr Don Thornhill, set up to consider the design of a property tax (the Thornhill Group) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The group recognised the...

Written Answers — Department of Finance: Universal Social Charge Exemptions (11 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they inadvertently included a Forestry Establishment Grant when calculating the income of the person (details supplied).  Universal Social Charge (USC) was charged on this grant amount and they apologise for this error. Universal Social Charge is payable only on the subsequent annual forest premium payments earned. However the...

Written Answers — Department of Finance: Property Taxation Application (11 Feb 2014)

Michael Noonan: Part 10 of the Finance (Local Property Tax) Act 2012 (as amended) provides for payment of the Local Property Tax (LPT) by deduction at source from certain payments made by the Department of Social Protection (DSP). I am advised by the Revenue Commissioners that the administrative arrangements concerning deduction of LPT from Department of Social Protection payments were implemented in...

Written Answers — Department of Finance: Mortgage Data (11 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 174 and 175 together. I can confirm for the Deputy that I have received the following responses from the banks in relation to Parliamentary Questions 6789/14 and 6790/14 relating to mortgage provisons and mortgage write-offs taken by the banks over the period 2010 to 2013: Allied Irish Banks (including EBS): All of AIB's...

Written Answers — Department of Finance: Official Engagements (11 Feb 2014)

Michael Noonan: As Minister for Finance, I have attended numerous official engagements in Northern Ireland over the course of this Government's time in office. This interaction plays an important role in building and maintaining our relationship with our colleagues in the North. The official engagements undertaken by myself include attendance at the North/South Ministerial Council in Armagh on...

Written Answers — Department of Finance: Tax Credits (11 Feb 2014)

Michael Noonan: The new Single Person Child Carer Tax Credit is more targeted than its predecessor in that it is, in the first instance, only available to the principal carer of the child. The person who receives the child benefit payment is being used as the initial indicator by the Revenue Commissioners to identify the individuals who are likely to qualify for the new credit.  However, the...

Written Answers — Department of Finance: EU-IMF Programme of Support (11 Feb 2014)

Michael Noonan: Ireland has borrowed €22.5 billion from the IMF in 12 tranches and these will be amortised (paid back in instalments) in varying amounts from July 2015 to December 2023 when the final payment on the last tranche drawn down will be made.  The requirement for mandatory proportional early repayments in the event that IMF loans were to be repaid early, to which I referred in my reply...

Written Answers — Department of Finance: Tax Reliefs Availability (11 Feb 2014)

Michael Noonan: I assume that the Deputy s question relates to the double income tax deduction in respect of carbon tax which I provided for in Finance Act 2012. Under this provision, farmers are allowed a deduction in computing their farming profits or losses for the amount of additional carbon tax they incur on purchases of marked gas oil following the €5 per tonne increase in the rate of...

Written Answers — Department of Finance: Living City Initiative (12 Feb 2014)

Michael Noonan: I announced in my Budget Statement that the Living City Initiative, which was enacted in the Finance Act 2013, would be extended to now include the cities of Dublin, Cork, Galway and Kilkenny as well the original target cities of Limerick and Waterford. The inclusion of these four cities within the Initiative followed the results of a thorough independent ex ante cost benefit analysis. ...

Written Answers — Department of Finance: VAT Rate Application (12 Feb 2014)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT. This includes services provided by the coach and bus sector. This means that a person who provides a bus or coach service does not register for VAT and does not charge VAT on the supply of their services.  This also includes the hiring of a bus or coach with a driver.  Persons who are exempt from VAT...

Written Answers — Department of Finance: Tax Rebates (12 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners who have responsibility for the collection of mineral oil products tax that any rebate on mineral oil tax under national law must conform to the requirements of the EU Energy Tax Directive. That Directive obliges all member states to exempt jet fuel used by airlines and fuel used by shipping in Community waters from duty, but does not allow for a...