Results 18,101-18,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Liquidation (16 Dec 2014)

Michael Noonan: The Special Liquidators continue to implement the orderly and efficient wind down of Irish Bank Resolution Corporation Limited (in Special Liquidation) in accordance with the provisions of the IBRC Act and the instructions issued by me under the IBRC Act . In April 2014, the Special Liquidators announced that the loan sales process had concluded. The sales process of the IBRC loan assets,...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 Dec 2014)

Michael Noonan: Currently, the effect of Section 92(1)(a)(ii) of Finance Act 1989 is such that where a passenger with a disability purchases a vehicle and seeks the repayment or the remission of Vehicle Registration Tax and VAT as part of the Disabled Drivers and Passengers (Tax Concessions) Scheme the cost of the adaptation must consist of not...

Written Answers — Department of Finance: Government Bonds (16 Dec 2014)

Michael Noonan: In a press release from February of this year to mark the release of its Annual Accounts for 2013, the ECB announced that its nominal holding of Irish Government bonds under the Securities Market Programme (SMP) was €9.7 billion at end-2013.

Written Answers — Department of Finance: Government Bonds (16 Dec 2014)

Michael Noonan: The Central Bank has advised that it is an independent entity and that it does not report on its individual investment holdings. It does report, however, on an annual basis only, on its holdings of Government bonds in its Special Portfolio, that being the portfolio of assets acquired after the resolution of IBRC and the exchange of government bonds for the promissory note held by the...

Written Answers — Department of Finance: Wards of Court (16 Dec 2014)

Michael Noonan: I am advised that jurisdiction in Wards of Court matters is vested in the High Court. The Courts are, subject only to the Constitution and the law, independent in the exercise of their judicial functions and, therefore, it is not open to me as a Minister to comment in any way. I understand that the Assisted Decision-Making (Capacity) Bill 2013 proposes to replace the Wards of Court system...

Written Answers — Department of Finance: An Fhoireann Rannach (16 Dec 2014)

Michael Noonan: The Department is aware of its obligations under Section 11 of the Official Languages Act 2003. This Department has set out its obligations as part of our Irish Languages Scheme 2014-2017. Generally the Department does not provide services directly to the public but where there is a need for translation and Divisions do not have a member of staff proficient in Irish, or where such a person...

Written Answers — Department of Finance: Tax Reliefs Eligibility (16 Dec 2014)

Michael Noonan: The Finance Bill 2014 contains a number of farm taxation measures that arose from the recommendations in the Agri-taxation Review Report. In relation to stamp duty, two specific measures are included: The extension of stamp duty relief for non-residential land transfers between certain close relatives generally referred to as consanguinity relief. The relief will continue, in relation to...

Written Answers — Department of Finance: Tax Credits (16 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, in order to determine if additional tax credits, reliefs and entitlements are due, it will be necessary to review the joint tax liabilities of the persons concerned for the years 2013 and 2014. Revenue has written to the person concerned (the assessable spouse) and Form P60 2014 together with other supporting documentation has been requested....

Written Answers — Department of Finance: Alcohol Sales (16 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a wholesaler or cash and carry must hold the appropriate licence in order to deal in the sale of alcohol.  Provided the wholesaler or cash and carry has the appropriate licence to sell alcohol and provided the alcohol is sold duty paid, the wholesaler or cash and carry may deliver alcoholic products outside of its own licenced premises to...

Written Answers — Department of Finance: Tax Code (16 Dec 2014)

Michael Noonan: Capital Acquisitions Tax (CAT) and various elements thereof, e.g. thresholds, will, like all other taxes be kept under review, particularly in the context of preparations for Budget 2016 and the consequent Finance Bill.

Written Answers — Department of Finance: Banking Sector Remuneration (16 Dec 2014)

Michael Noonan: The Capital Requirements Directive IV (CRD IV), came into effect in March of this year. The remuneration provisions contained in CRD IV seek to ensure that credit institutions and investment firms across the EU have sound remuneration policies, which reflect effective risk management and performance, without encouraging unjustified risk taking.  The European Union (Capital...

Written Answers — Department of Finance: State Savings Products (17 Dec 2014)

Michael Noonan: The Minister for Finance and the National Treasury Management Agency (" the NTMA") are each a 'specified body' for the purposes of sections 262 to 270 and schedule 5 of the Social Welfare Consolidation Act 2005, as amended.  This provides the power to the NTMA, acting on behalf of the Minister for Finance, to request holders of State Savings products to provide their PPS Number for the...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (17 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 47 and 48 together. The Central Bank has informed me that in any circumstance where it engages an external law firm to assist it, the Bank will ensure prior to the engagement of the firm that all appropriate checks are carried out, including a check to ensure that no concerns regarding conflicts of interest arise. I have asked the Bank for further details in...

Written Answers — Department of Finance: Property Taxation Yield (17 Dec 2014)

Michael Noonan: I am advised 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 are available on the Commissioners' website at: . Updates to these statistics will be published in due course. The Commissioners have confirmed that by the...

Written Answers — Department of Finance: Tobacco Smuggling (17 Dec 2014)

Michael Noonan: The Deputy will appreciate that estimating the scale of any illegal activity, and the tax loss to which it gives rise, is necessarily difficult and that estimates of such loss need to be viewed with caution. I am advised by the Revenue Commissioners that the extent of the illegal trade in cigarettes is estimated through annual surveys of smokers that are carried out for them and for the...

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: The VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply.  Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate of 23%. Parts or accessories and training are also liable to VAT at the standard rate. There is no provision in the EU VAT Directive that would make it possible to...

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply. EPI pens, which provide injectable medicine, are subject to the standard rate of VAT rate of 23%.  While Ireland is permitted to continue to apply a zero-rate to oral medicines it may not apply a zero rate to...

Written Answers — Department of Finance: National Payments Plan Implementation (17 Dec 2014)

Michael Noonan: While the Government does not plan to abolish the use of personal cheques, the National Payments Plan which I launched in April 2013 aims to reduce the overall reliance on cash and cheques and facilitate a movement to more efficient forms of electronic payments.  The Plan analysed the extent of usage of personal cheques and recognised that  elements of Irish society, such as the...

Written Answers — Department of Finance: Credit Unions (17 Dec 2014)

Michael Noonan: While the Government is absolutely determined to support a strengthened and growing credit union movement and has highlighted its support for the return of credit union services to Newbridge, my role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. In line with the Credit Union...

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. While we can maintain the zero rating on those goods and services which were zero-rated before 1 January 1991, the goods and services referred to by the Deputy do not fall within this category. Similarly, Member States may...