Results 14,841-14,860 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector Regulation (27 Mar 2014)

Michael Noonan: The Deputy will be aware that under the Relationship Frameworks that govern the relationship between the Minister for Finance and the State supported banks, the bank's Board and Management team retain responsibility and authority for determining the bank's strategies and commercial policies and for conducting its day-to-day operations.   The Relationship Frameworks with the banks...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (27 Mar 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme is open to people with disabilities who meet the specified criteria contained  in Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994), and have obtained a Primary Medical Certificate to that effect.  The scheme provides relief from value-added tax (VAT) and vehicle...

Written Answers — Department of Finance: Mortgage Data (27 Mar 2014)

Michael Noonan: The Central Bank has advised that according to its latest 'Residential Mortgage Arrears and Repossession Statistics' for the quarter to end December 2013 (), a total of 168 principal dwelling houses (PDH)  and 69 buy-to-let properties were taken into possession by lenders.  During the same quarter, 186 PDH and 60 BTL properties were disposed of.  The Deputy may wish to...

Written Answers — Department of Finance: Tax Credits (27 Mar 2014)

Michael Noonan: Tax relief is not available to parents in respect of crèche fees or childcare costs. However, I can assure the Deputy that the Government acknowledges the continuing cost pressures on parents, particularly those with young children. In recognition of these cost pressures, a number of support measures are in place to ease the burden on working parents. These include the...

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 52 and 53 together. Finance Act 2013 provides members of occupational pension schemes with a three-year window of opportunity from 27 March 2013 during which they can opt to draw down, on a once off basis, up to 30% of the accumulated value of Additional Voluntary Contributions (AVCs). This provision includes additional voluntary contributions made to...

Written Answers — Department of Finance: Property Taxation Yield (27 Mar 2014)

Michael Noonan: I am informed by the Revenue Commissioners that by the end of December 2013 €318m had been transferred by Revenue to the Exchequer in respect of Local Property Tax (LPT). Of this amount, €242m was in respect of LPT for 2013 and €76m related to 2014 LPT. By the end of February 2014, a further €56.9m had been transferred to the Exchequer. The Commissioners have...

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael Noonan: The information sought by the Deputy in relation to expected yields and actual outturns is available on my Department s website in respect of Capital Gains Tax (CGT) and all the other main tax heads on the following link: The following Table sets out for the years 2008 to 2013 inclusive the CGT performance against the Budget day estimated forecast in respect of the relevant...

Written Answers — Department of Finance: Excise Duties Issues (27 Mar 2014)

Michael Noonan: I understand the Deputy is asking what alternative sources of tax would be available to me as Minister for Finance should the excise duty derived from the sale tobacco products reduce significantly or disappear altogether. Excise receipts in respect of tobacco products tax amounted to some €1.1 billion in 2013. It is assumed that any reduction in the tax take from...

Written Answers — Department of Finance: Carbon Tax Implementation (1 Apr 2014)

Michael Noonan: Carbon Tax was introduced in Budget 2010 but its application to solid fuels was subject to a Ministerial commencement order.  This approach was primarily adopted to delay the application of the carbon tax to solid fuel in the residential sector to allow for the development of a robust mechanism to counter the large scale sourcing of coal from Northern Ireland where lower...

Written Answers — Department of Finance: Departmental Funding (1 Apr 2014)

Michael Noonan: The high level goals for my Department mainly relate to policy development rather than the delivery of frontline projects. Therefore, it did not fund any projects in County Mayo in 2011, 2012, 2013 and to date in 2014.

Written Answers — Department of Finance: Property Taxation Exemptions (1 Apr 2014)

Michael Noonan: While there is no specific exemption from Local Property Tax (LPT) for a person with a disability, in certain limited circumstances an exemption may apply. Section 10B of the Finance (Local Property Tax) Act 2012 (as amended) provides that an exemption from the charge to LPT may apply to a residential property purchased, built or adapted to make it suitable for occupation by a permanently...

Written Answers — Department of Finance: Property Taxation Administration (1 Apr 2014)

Michael Noonan: The Government decided that a liability to the Local Property Tax (LPT) should apply to all owners of residential properties with a limited number of reliefs. Any given yield could only be maintained by increasing the rate charged were the number of reliefs to be extended. I have no plans to introduce a credit system for the provision of particular services such as water or sewerage....

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 Apr 2014)

Michael Noonan: As the Deputy is aware, following a ruling by the European Court of Justice in April 2013 and subsequent negotiations with the European Commission, the excise relief on fuel element of the Disabled Drivers and Disabled Passengers scheme will be discontinued from 31 December 2014. However, as I have previously stated, arrangements will be made during the year to provide for a new fuel...

Written Answers — Department of Finance: Central Bank of Ireland (1 Apr 2014)

Michael Noonan: I have been informed by the Central Bank that it continually reviews its operations to ensure services are delivered in an efficient and cost effective manner consistent with the needs of the organisation. The Central Bank has used external third party service providers for many years and will continue to do so where it feels that it is necessary and justified.   In the area of...

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (1 Apr 2014)

Michael Noonan: I have been informed by the Central Bank that it is in the process of replacing its HR IT system. The current systems are out of date and are being replaced with two newer systems in the course of 2014. It is expected that one system will remain based in Ireland while the other  will use a "cloud based" service operated and resident within the EU. The Central Bank has...

Written Answers — Department of Finance: Central Bank of Ireland (1 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 161 to 164, inclusive, together. The responsibility for operational and security policies at the Central Bank is a matter for the Central Bank Commission and the Governor of the Central Bank. Section 33AK of the Central Bank Act 1942 (as amended) sets out the disclosure of information obligations of those employed or engaged by the Central Bank. I...

Written Answers — Department of Finance: Tax Exemptions (1 Apr 2014)

Michael Noonan: I assume the question relates to whether capital gains tax retirement relief would apply to land which has been rented for 5 years under an informal letting arrangement rather than under a formal lease. In Budget 2014, I announced an extension of the capital gains tax retirement relief which was subsequently implemented in the Finance (No. 2) Act 2013. That Act amended section 598 of the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the number of persons who availed of tax refunds for fuel, under Regulation 16 of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, for the past three years is as follows: Year Tax Refunds 2011 11,246 2012 11,617 2013 11,436

Written Answers — Department of Finance: Tax Reliefs Eligibility (1 Apr 2014)

Michael Noonan: The various Taxes Acts provide for the granting of credits, reliefs, allowances and deductions for tax purposes. A standard approach used is to provide for a relief in primary law and set out the terms and conditions in secondary legislation. It should be noted that the question is very wide reaching and the research needed to ensure that all of the tax benefits referred to in the question...

Written Answers — Department of Finance: Additional Voluntary Contributions (1 Apr 2014)

Michael Noonan: Section 782A of the Taxes Consolidation Act 1997 provides members of occupational pension schemes with a once-off opportunity to access their Additional Voluntary Contributions (AVCs), pre-retirement. The option is available for a three year period from 27 March 2013, the date that the Finance Act 2013 was passed into law.   There are a number of reasons why, under existing policies,...