Results 18,001-18,020 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Property Construction (4 Dec 2014)

Michael Noonan: Applications for planning are made by NAMA debtors or, in the case of enforcement, on their behalf by receivers and not by NAMA.  I am advised that through NAMA funding it has supported debtor planning applications relating to in excess of 8,000 residential units and a substantial amount of commercial accommodation.

Written Answers — Department of Finance: NAMA Debtor Agreements (4 Dec 2014)

Michael Noonan: I am advised by NAMA that, through its engagement with its debtors, it has obtained charges over a wide range of previously unencumbered property and non-property assets.  Through this process, NAMA has obtained charges over additional security with an aggregate value in excess of €800m, which represents a significant additional protection for Irish taxpayers. This...

Written Answers — Department of Finance: NAMA Debtors (4 Dec 2014)

Michael Noonan: I am advised by NAMA that, where a cooperative borrower has consensually sold all available assets, made full disclosure to NAMA and made every reasonable effort to repay debt, NAMA is prepared to consider forbearance on residual debt.  NAMA will carry out independent verification of the debtor's statement of affairs and will retain recourse to the debtor for a period so that...

Written Answers — Department of Finance: NAMA Debtors (4 Dec 2014)

Michael Noonan: NAMA's engagement with its debtors is carried out in a manner consistent with the highest professional industry standards with the aim of maximising the return to the taxpayer in respect of debts owing to it.  All debtors are afforded equal courtesy and the Agency engages with all debtors in an entirely professional, impartial and objective manner.

Written Answers — Department of Finance: Tax Reliefs Abolition (4 Dec 2014)

Michael Noonan: I understand the Deputy to be referring to reliefs or credits eliminated or commencing to be phased out with effect from Budget and Finance Act 2012.  The tax reliefs and credits which follow below were ceased or are being phased out since Budget and Finance Act 2012.  (Section numbers refer to the Taxes Consolidation Act 1997.) I am advised by the Revenue Commissioners that tax...

Written Answers — Department of Finance: Property Taxation Exemptions (4 Dec 2014)

Michael Noonan: I confirm that I am aware of the anomaly to which the Deputy refers, and that officials of my Department, together with officials of the Department of Environment, Community & Local Government, are examining the alternatives other than testing that may be available in order to confirm entitlement to a Local Property Tax (LPT) exemption.  I am conscious that the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (4 Dec 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, repayment of excise duty on fuel, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe...

Written Answers — Department of Finance: Tax Rebates (4 Dec 2014)

Michael Noonan: The Revenue Commissioners have carried out a detailed examination of the particular case. The individual concerned had failed to submit income tax returns and estimated assessments had been made by a Revenue Officer. No appeals were submitted against the assessments raised and subsequently an attachment order was obtained against payments due to the individual by a State Department. ...

Written Answers — Department of Finance: Property Taxation Rate (4 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 72, 74 and 81 together. As the Local Property Tax is a new tax, the Government wished to provide certainty to homeowners and for this reason valuation periods of three years were introduced (with the exception of the first valuation period which covers three and a half years). In addition to providing certainty, it also eases the administration burden on...

Written Answers — Department of Finance: Central Bank of Ireland (4 Dec 2014)

Michael Noonan: Primary responsibility for the maintenance of law and order, including the protection of the internal security of the State, rests with An Garda Síochána. However, one of the roles assigned to the Defence Forces in the White Paper on Defence (2000) is to provide Aid to the Civil Power (ATCP) which, in practice, means to assist An Garda Síochána when requested to do so. ...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (4 Dec 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, repayment of excise duty on fuel, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe...

Written Answers — Department of Finance: Income Data (4 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2015, is set out in the following table. All income earners for Income Tax Year 2015 (provisional) Range of Gross Income - € Number of Income Earners 0 to 9,000 368,585 9,001 to 12,000 107,297 12,001 to 15,000 116,836 15,001 to 20,000 213,112 20,001...

Written Answers — Department of Finance: Mortgage Lending (4 Dec 2014)

Michael Noonan: The introduction of macro prudential measures is an independent matter for the Central Bank. The consultation period on the Central Bank's macro prudential proposals for residential mortgage lending ends on 8 December next and the Central Bank has informed me that it hopes to be in a position to announce a finalised set of regulations soon after that date depending on the...

Written Answers — Department of Finance: Tax Data (4 Dec 2014)

Michael Noonan: I am informed by the Revenue Commissioners that as of 1stDecember 2014,  the number of persons who have made domicile levy payments are as per the following table. Levy Year No of Persons who made payments for each Levy Year1 Total Payments received to date for each Levy Year2 2010 23 €3,161,454 2011 22 €3,206,684 2012 14 €2,237,811 2013 9 €1,376,907...

Written Answers — Department of Finance: Cycle to Work Scheme Data (4 Dec 2014)

Michael Noonan: As the Deputy will be aware from a previous PQ in relation to this incentive, the cycle to work scheme came into operation on 1 January 2009 and there is no notification procedure for employers involved. Therefore the Revenue Commissioners do not have statistics on its uptake. This approach was taken with the deliberate intention of keeping the scheme simple and reducing administration on the...

Written Answers — Department of Finance: Data Protection (4 Dec 2014)

Michael Noonan: The Central Bank has informed me that this is primarily a matter for the Data Protection Commissioner. On the issue more generally, the Central Bank expects all regulated entities to fully comply with all legal and regulatory obligations specific to the sector in which the firm operates, including all the Data Protection Acts. The Bank further expects all regulated entities to fully...

Written Answers — Department of Finance: Motor Insurance Regulation (9 Dec 2014)

Michael Noonan: In my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are accepting and adequate provisioning to meet these risks. Neither...

Written Answers — Department of Finance: Tax Rebates (9 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the relevant repayment claim was received and processed on 13 August 2014.  On 14 August a refund was credited by electronic fund transfer to the bank account then on record for the person concerned, the details of which had been previously provided to Revenue by that person.  On 16 September the person concerned advised Revenue that he...

Written Answers — Department of Finance: Central Bank of Ireland Staff (9 Dec 2014)

Michael Noonan: As Minister for Finance, I have no role in the employment of staff in the Central Bank. Under the Central Bank Act 1942, the Central Bank Commission is responsible for administrating the staffing of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers. I have been informed by the Central Bank that there are currently 53 contractors...

Written Answers — Department of Finance: Gross National Income (9 Dec 2014)

Michael Noonan: Research by  the Central Bank and ESRI in recent years has highlighted the decisions of several large multinational corporations to re-locate their corporate headquarters to Ireland since 2008. Typically, this does not involve the shift of substantive activity to Ireland or liability for tax. However, it does mean that corporate income on worldwide activity is recorded as a credit...