Results 18,221-18,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Bodies Data (14 Jan 2015)

Michael Noonan: In response to the Deputy's question Sealuchais Árachais Teoranta (SAT) was established in 1985 to effect the state ownership of Icarom. Following the completion of the Icarom administration in 2013, wind up procedures began for Icarom. SAT formally completed its Voluntary Strike Off on 05 October 2014 and the company is now dissolved. SAT had no paid staff members. A&L Goodbody...

Written Answers — Department of Finance: Decentralisation Programme (14 Jan 2015)

Michael Noonan: The information requested by the Deputy is set out in the table below. Certain sections of my Department were decentralised to Tullamore, Co. Offaly in July 2006 and the travel costs and expenses are from that date. The travel to the base Department includes all my Department's offices in Dublin. Some functions and staff were transferred to the Department of Public Expenditure and Reform in...

Written Answers — Department of Finance: Mortgage Lending (14 Jan 2015)

Michael Noonan: As the Deputy will be aware, the consultation period on the Central Bank's macro prudential proposals for residential mortgage lending concluded on 8 December last.  My Department outlined its views on the proposals as set out in the Central Bank consultation paper and this submission is now available on Department's website:

Written Answers — Department of Finance: Economic Growth Rate (14 Jan 2015)

Michael Noonan: The most recent estimate by the CSO of gross domestic product at current market prices in 2013 is €174,791m. Nominal growth of one per cent is therefore equivalent to €1,748m in monetary terms.

Written Answers — Department of Finance: Universal Social Charge Application (14 Jan 2015)

Michael Noonan: It is not possible to answer the Deputy's question, as in its current form it is open to a series of interpretations. For instance the Deputy may wish to know the cost to the Exchequer from reducing, from 3% to 1.5%, the current USC surcharge which applies to that portion of self-assessed income over €100,000 per annum. Alternatively, he may be inquiring about the potential yield from...

Written Answers — Department of Finance: VAT Rebates (14 Jan 2015)

Michael Noonan: I am advised by the Revenue Commissioners that all VAT refunds due to the named individual have been made.  One VAT repayment was subjected to a routine check. Both refunds were made within the normal time frames as set out in Revenue's customer service standards.

Written Answers — Department of Finance: Tax Yield (14 Jan 2015)

Michael Noonan: I assume that the Deputy is referring to that amount of Income Tax collected from Schedule D taxpayers (self employed persons).  I am advised by the Revenue Commissioners that the net receipts of Income Tax collected from Schedule D taxpayers in 2013, the last year for which returns have been filed and fully processed, is shown on the Commissioners' statistics webpage at , under the...

Written Answers — Department of Finance: Consultancy Contracts Data (14 Jan 2015)

Michael Noonan: The information requested by the Deputy is in the table below: Action Plan for Jobs 2014 - - - Action 206 Survey the demand for SME Credit Public Procurement Guidelines Followed Cost Payee - -  -  Red C October 2013 - March 2014 Yes €58,978.50 Red C April 2014 - September 2014 Yes €58,978.50 - -  €117,957.00* * This amount of €117,957 is...

Written Answers — Department of Finance: Tax Compliance (14 Jan 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that PAYE Balancing Statements (P21) will issue to the person concerned shortly for the years 2012 and 2013.  Based on these statements the person concerned has overpaid tax and universal social charge for these tax years. Refunds of the amounts overpaid will be made to the person concerned shortly. The Revenue Commissioners do not...

Written Answers — Department of Finance: Property Tax Exemptions (14 Jan 2015)

Michael Noonan: I am advised by Revenue that there aretwo different types of relief from Local Property Tax (LPT) available in respect of properties that are occupied by disabled individuals. Section 10B of the Finance (Local Property Tax) Act 2012 (as amended) provides for a full exemption from LPT for properties occupied by individuals who are permanently and totally incapacitated to such an extent that...

Written Answers — Department of Finance: Inniúlacht sa Ghaeilge sa Stát Seirbhís (14 Jan 2015)

Michael Noonan: Ní gnách leis an Roinn seirbhísí a chur ar fáil don phobal go díreach. Mar sin féin, sa chás go bhfuil gá le haistriúchán agus nach bhfuil ball foirne atá inniúil i nGaeilge ag Rannóga, nó nach bhfuil an duine sin ar fáil, cuirfidh ball foirne ainmnithe ó Rannóg eile seirbhís ar fáil nuair is...

Written Answers — Department of Finance: Mortgage Interest Relief Application (14 Jan 2015)

Michael Noonan: Mortgage interest relief is available through the Tax Relief at Source (TRS) system. The relief is available at varying rates and ceilings in respect of interest paid on a loan used for the purchase, repair, development or improvement of a sole or main residence. The relief is available on qualifying home loans taken out on or after 1 January 2004 and on or before 31 December 2012, up to...

Written Answers — Department of Finance: VAT Rate Increases (14 Jan 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional increase in VRT and VAT on new registrations for 2014, compared to 2013, was €104m and €86m respectively. Those figures include the registrations of both new and used cars. The increase in VRT from new car sales was €88m while the increase in...

Written Answers — Department of Finance: Property Tax Collection (14 Jan 2015)

Michael Noonan: I am advised by Revenue that the credit card charge to which the Deputy refers is currently 1.1%, having been reduced from 1.49% with effect from 1 October 2014. The rate is calculated under the terms of a Local Government Management Agency (LGMA) tender process for Public Sector payments (not just Revenue payments). The charge, which is applicable to all tax payments made by credit cards,...

Written Answers — Department of Finance: VAT Rate Application (14 Jan 2015)

Michael Noonan: I am advised by the Revenue Commissioners that "smoothie" is a generic term for a range of blended products containing, among other things, fruit juices and other products derived from fruit, frozen yogurt and/or ice cream and, in some cases, chocolate and confectionery products. Paragraph 8(1) of Schedule 2 of the Value-Added Tax Consolidation Act 2010, provides for the application of the...

Written Answers — Department of Finance: EU Directives (14 Jan 2015)

Michael Noonan: The Payment Accounts Directive introduces rules on the transparency and comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features. The Payment Accounts Directive was agreed in August 2014.  Member States, including Ireland, are required to transpose the provisions of the Payment Accounts Directive into national law...

Written Answers — Department of Finance: State Bodies Mergers (14 Jan 2015)

Michael Noonan: My Department is currently progressing the amalgamation of the Offices of the Financial Services Ombudsman and the Pensions Ombudsman.  A Steering Group chaired by my Department with representatives from the Financial Services Ombudsman, the Pensions Ombudsman, the Departments of Public Expenditure and Reform and Social Protection continue to meet to progress the...

Written Answers — Department of Finance: General Government Debt (14 Jan 2015)

Michael Noonan: The reported general government balance for the period 2007-2013 and the projected figures for 2014-2018 as per Budget 2015 are: - 2007 2008 2009 2010 2011 2012 2013 General government balance 453 -13,145 -19,357 -21,892 -14,764 -13,901 -9,947 Source: Eurostat - 2014f 2015f 2016f 2017f 2018f General government balance -6,868 -5,198 -3,763 -1,930 565 Source: Department of Finance...

Written Answers — Department of Finance: Fiscal Policy (14 Jan 2015)

Michael Noonan: As the Deputy will be aware, the anchor for fiscal policy over recent years has been to achieve a deficit of less than 3% of GDP by 2015 and exit the Excessive Deficit Procedure (EDP).  Through the EDP process, Ireland's targets have always been set in headline deficit terms, for example, a deficit of less than 5.1% of GDP in 2014. For 2015, the Budget forecasts a deficit of 2.7%...

Written Answers — Department of Finance: Banks Recapitalisation (14 Jan 2015)

Michael Noonan: I propose to take Questions Nos. 166, 172 and 181 together. As you will be aware, the Euro-area Heads of State or Government (HoSG) agreed in June 2012 that "it is imperative to break the vicious circle between banks and sovereigns" and that when a Single Supervisory Mechanism, involving the ECB, is in place and operational, the European Stability Mechanism (ESM) could recapitalize banks...