Results 16,861-16,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (30 Sep 2014)

Michael Noonan: The graduate entry programme provides undergraduate medical education of four years duration and has been developed to produce medical graduates with the ability to successfully undertake an internship and thereafter to gain full registration with the Medical Council. The programme is supported by a combination of student fees, State funding and other income. While in this case the...

Written Answers — Department of Finance: Budget 2015 (30 Sep 2014)

Michael Noonan: As the Deputy will be aware, it is not the practice of the Minister for Finance to discuss the details of measures which may be under consideration as part of the Budget and Finance Bill. However I can advise him that to date my Department has received in excess of 500 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in...

Written Answers — Department of Finance: Departmental Agencies (30 Sep 2014)

Michael Noonan: The Following is the information requested by the Deputy. Company Name Strategic Banking Corporation of Ireland Core Duties In the first instance the Strategic Banking Corporation of Ireland (SBCI) has been established as a means of ensuring that SMEs in Ireland are provided with sufficient finance for growth. It will also ensure that credit provided to SMEs meets their needs rather...

European Stability Mechanism (Amendment) Bill 2014: Order for Second Stage (1 Oct 2014)

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

European Stability Mechanism (Amendment) Bill 2014: Second Stage (1 Oct 2014)

Michael Noonan: I move: "That the Bill be now read a Second Time." The purpose of this legislation is to make provision for the inclusion by the ESM board of governors, in accordance with Article 19 of the ESM treaty, of the ESM's direct recapitalisation instrument as one of the financial instruments envisaged under Articles 14 to 18, inclusive, of the treaty. This includes provision for the creation of...

European Stability Mechanism (Amendment) Bill 2014: Referral to Select Committee (1 Oct 2014)

Michael Noonan: I move:That the Bill be referred to the Select Sub-Committee on Finance pursuant to Standing Orders 82A(3)(a) and (6)(a) and 126(1) of the Standing Orders relative to Public Business.

Written Answers — Department of Finance: Tax Code (1 Oct 2014)

Michael Noonan: With regard to reducing the VAT rate applicable to Irish dancing, the VAT Directive does not allow for the application of a reduced VAT rate to dance lessons in general. The Deputy refers to cultural activities.  Paragraph 5(2) of Schedule 1 of the VAT Consolidation Act provides for an exemption for cultural services provided by recognised cultural bodies but Irish dance lessons are...

Written Answers — Department of Finance: Property Taxation Collection (1 Oct 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally and the most up to date figures for LPT collected in 2013 and 2014 were published in July 2014 on the Commissioners' website at: I am also advised that the Commissioners do not break the LPT statistics down to postal...

Written Answers — Department of Finance: Departmental Budgets (1 Oct 2014)

Michael Noonan: The information requested by the Deputy for all years up to and including 2013 is available in the published Appropriation Accounts for the Vote on the website of the Comptroller & Auditor General. The information in relation to 2014 is outlined in the table below: Department of Finance 2014 Allocated budget (to 29/9/14) Outturn (29/9/14) Subhead €000 €000 A(i)...

Written Answers — Department of Finance: Universal Social Charge Application (1 Oct 2014)

Michael Noonan: I propose to take Questions Nos. 65 to 67, inclusive, together. I am informed by the Revenue Commissioners that the estimated number and percentage of income earners that pay the Universal Social Charge (USC), with reference to 2015 incomes, is as set out in the following table.  USC Rate Number of Taxpayer Units % of Income Earners Exempt 561,500 24 4% 230,600 10 7% 1,549,000 66...

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: The stability programme update, SPU, published in April forecast a deficit of 4.8% of GDP for this year. However, the Deputy should be aware that there have been a number of important changes since April, most notably the performance of taxes and the impact of the European system of national and regional accounts, ESA 2010 statistical reclassification.  Cumulative tax revenue was up...

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: I cannot announce the budget today or give the base figures the Deputy has requested, but I will give as much information as possible. As Irish Water has been set up as a commercial semi-State company, it will not be part of the general government position; anything paid will go to it - it will not be received by the Exchequer. As the pension levy of 0.6% is not included in the budget...

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: We would have to add on as much again.

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: As it was introduced on a four year basis, if it was to continue, further provision would have to be made for it. I think the Deputy suggested a figure of 2%, but the latest figures I have suggest a further reduction of 1% of GDP would be the equivalent of €1.75 billion. If we went from below 3% of GDP to below 2%, a further reduction of €1.75 billion would have to be made....

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: I was referring to the 0.6% figure - the major levy introduced on the basis of there being a four year cycle. There is no provision for it as a receipt in the figures.

Ceisteanna - Questions - Priority Questions: Government Deficit (2 Oct 2014)

Michael Noonan: I am giving the Deputy all the information I can. He will receive the White Paper in the normal way on the Friday before the budget and it will give more precise data for the opening position. It will vary with budgetary changes that will be announced on budget day.

Ceisteanna - Questions - Priority Questions: Budget 2015 (2 Oct 2014)

Michael Noonan: The Government's overarching fiscal policy for 2015 continues to be delivering a budget deficit below 3% of GDP. Delivering this target will take account of the improved performance of the economy and tax revenue.  A further factor is the impact of the European system of accounts, ESA, 2010 statistical changes introduced by the European Union. Regarding taxes, cumulative tax revenue...

Ceisteanna - Questions - Priority Questions: Budget 2015 (2 Oct 2014)

Michael Noonan: The answer to the Deputy’s question depends on the effective date of the policy change. If the effective date was 2014, the Minister responsible would have to provide for it within the 2014 Estimates by way of savings from elsewhere in the Votes or by way of Supplementary Estimate. If, on the other hand, the changes are with effect from some date after 1 January 2015, it is not in...

Ceisteanna - Questions - Priority Questions: Budget 2015 (2 Oct 2014)

Michael Noonan: That is next year’s base.

Ceisteanna - Questions - Priority Questions: Budget 2015 (2 Oct 2014)

Michael Noonan: For the purpose of illustration I will talk through this, but the Deputy is not to tie me to the precise figures. The opening position last April was that we needed an adjustment of €2 billion to get the deficit down below 3%. That was to be divided in a proportion of 2:1, with roughly €1.3 billion from expenditure cuts and €700 million from tax increases. As the...