Results 18,521-18,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Tax Data (5 Feb 2015)

Michael Noonan: As the Deputy is aware, for reasons of taxpayer confidentiality, the Revenue Commissioners are prohibited from providing information in respect of any individual taxpayer or any small group of taxpayers.  I am advised by Revenue  that mandatory deductions at source from salary or occupational pensions applied for Local Property Tax  in relation to about 30,000...

Written Answers — Department of Finance: Fuel Laundering (5 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 100 to 109, inclusive, together. I am advised by the Revenue Commissioners that the number of oil laundries detected and closed down in the period from 2010 to 2014 was 35. Details of those detections, by year and by the counties in which they occurred, are set out in the following table. Year Cavan Donegal Dublin Laois Louth Meath Monaghan Offaly...

Written Answers — Department of Finance: Tax Credits (5 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that details of the 2015 tax credits were issued to the person's pension provider in December 2014.  These tax credits were based on the information available to Revenue at that time. The total tax credits of €2,090 for 2015 are less than those available to the person concerned for 2014, as the tax credit for rent paid is...

Written Answers — Department of Finance: Life Insurance Policies (5 Feb 2015)

Michael Noonan: I have consulted with the Central Bank of Ireland and Insurance Ireland regarding this matter.  Both bodies have advised that the question of guaranteed lifetime income does not apply to life insurance policies.

Written Answers — Department of Finance: Tax Reliefs Eligibility (5 Feb 2015)

Michael Noonan: I take it the deputy is referring to the stamp duty relief available to farmers under the age of 35 years - generally referred to as the Young Trained Farmer Relief. In common with a number of tax reliefs in relation to the transfer of farmland, it was introduced to encourage older farmers to transfer land to young farmers at an age when they would be active, thereby ensuring that farm...

Written Answers — Department of Finance: Social and Affordable Housing Provision (5 Feb 2015)

Michael Noonan: Under an initiative agreed with the then Minister for the Environment, Community and Local Government in 2012, NAMA has to date identified 5,753 houses and apartments held by its debtors and receivers as being available and potentially suitable for social housing.The 5,753 properties have been identified on an ongoing basis, as they have become available, since 2012. Once NAMA identifies a...

Written Answers — Department of Finance: Tax Credits (5 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that details of the 2015 tax credits were issued to the person's pension provider in December 2014.  These tax credits were based on the information available to Revenue at that time. The total tax credits of €2,090 for 2015 are less than those available to the person concerned for 2014, as the tax credit for rent paid is...

Written Answers — Department of Finance: NAMA Loans Sale (5 Feb 2015)

Michael Noonan: As advised by the NAMA Chief Executive in his opening address to the Public Accounts Committee in December 2014, NAMA is aiming to redeem a cumulative 80% (€24 billion) of its senior debt by the end of 2016 and hopes that it will have redeemed all of its senior debt by the end of 2018.    As part of its ongoing deleveraging programme to achieve these targets, NAMA is...

Written Answers — Department of Finance: Tax Reliefs Application (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the information sought by the Deputy in respect of the number of customers for whom tax relief on their private medical insurance was capped will not be available until the 2014 annual returns are submitted later this year. I am further advised by the Revenue Commissioners that the latest available figures show that an estimated 2.2 million...

Written Answers — Department of Finance: Revenue Commissioners Staff (5 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they estimate that in the region of 1,000 staff will retire from their organisation over the next five years based on the current age profile.  Revenue's multi-annual pay ceiling for 2015-2017 provides for an annual average whole time equivalent (WTE) staff level of 5,874 while its current  whole time equivalent staff number is...

Written Answers — Department of Finance: Payment Protection Insurance (5 Feb 2015)

Michael Noonan: In March 2014, following the conclusion of its investigations,  the Central Bank reported on its review into the sales of Payment Protection Insurance ("the PPI Review"). The PPI Review included the sales by 11 credit institutions since July 2007 and resulted in a refund figure of €67.4 million (including €4.9 million in interest) to consumers. 353,806 policies were...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (5 Feb 2015)

Michael Noonan: As the Deputy will be aware, the Home Renovation Incentive was introduced on 25thOctober 2013 for repairs, renovations and improvements carried out on a person's main residence. The scheme was extended in the recent Budget to include repairs, renovations and improvements carried out on rental properties, where the relevant owners are liable to income tax. Only works...

Written Answers — Department of Finance: Tax Reliefs Availability (5 Feb 2015)

Michael Noonan: As the Deputy is aware, I introduced the Start Your Own Business initiative in Finance (No. 2) Act 2013, which provides an exemption from Income Tax for individuals who have been unemployed for a period of 12 months and who start a new, unincorporated business between 25 October 2013 and 31 December 2016. An exemption from Income Tax is provided on profits up to a maximum of...

Written Answers — Department of Finance: Mortgage Data (5 Feb 2015)

Michael Noonan: The regulations providing for the macro prudential measures are currently being finalised by the Central Bank in advance of being laid before the Houses of the Oireachtas. However, the Central Bank has advised that the draft regulations issued with Consultation Paper 87 referred to "housing loans" which is basically a loan between a lender and a borrower which is secured on residential...

Written Answers — Department of Finance: Financial Services Ombudsman (5 Feb 2015)

Michael Noonan: As the Deputy may be aware, 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 meets as necessary to...

Written Answers — Department of Finance: NAMA Operations (5 Feb 2015)

Michael Noonan: In light of changes made in the NTMA policy in 2013 in respect of notice periods and post-termination restrictions on employment, which relate to all NTMA employees including those assigned to NAMA under Section 42 of the NAMA Act, I consider that the existing contractual provisions relating to NAMA staff are appropriate.  As previously advised to the House, in early 2013 the NTMA...

Written Answers — Department of Finance: Mortgage Interest Relief Expenditure (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional cost to the Exchequer of mortgage interest relief in respect of principal private residences, provided via tax relief at source (TRS) in 2014 is €266 million. I am also informed that, on the basis of returns in respect of eligible TRS accounts, it is estimated that approximately 495,000 individuals availed of...

Written Answers — Department of Finance: NAMA Bonds (5 Feb 2015)

Michael Noonan: I would like to advise the Deputy that the information requested is available in the NAMA Section 55 Quarterly Report for Q3 2014 which was laid before the Oireachtas and published on the NAMA website on the 21st of January 2015. In the report NAMA states that there are €1.593 billion of subordinated bonds in issue and that the coupon on the bonds is based on the Irish 10...

Written Answers — Department of Finance: Small and Medium Enterprises Debt (5 Feb 2015)

Michael Noonan: I am informed by the Central Bank that they do not publish statistics on SME debt as part of any of their statistical series. However, the Bank do publish the level of outstanding debt, through the statistical release "Trends in Business Credit and Deposits: Q3 2014", which indicates that total loans by Irish resident credit institutions to Irish resident SMEs was €59.4...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (5 Feb 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) was established on a legislative basis on 22 December 2014 taking over the assets of the National Pensions Reserve Fund under new National Treasury Management Agency (NTMA) governance arrangements. The mandate for the ISIF is to invest on a commercial basis to support economic activity and employment in Ireland. This means the ISIF has...