Results 18,941-18,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Insurance Compensation Fund (4 Mar 2015)

Michael Noonan: Setanta Insurance Company Limited is a Maltese authorised company subject to prudential supervision by the Malta Financial Services Authority (MFSA). Under EU passporting rules, any insurer which has been authorised in an other EU Member State may trade in Ireland on a freedom of services basis. While Setanta's financial position was not supervised by the Central...

Written Answers — Department of Finance: Tax Collection (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they will make direct contact with the person concerned to make sure that the information on their records for him is fully up to date and in that context will then be able to clarify for him his position with regard to tax payments.

Written Answers — Department of Finance: Tax Data (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is now available on their enhanced statistics webpage at . Information can be found at in relation to the Deputy's question. This data may be accessed under the heading "Income Tax and Corporation Tax Distribution Statistics", where table RVA01 shows gross income by range and by category of taxpayer...

Written Answers — Department of Finance: IBRC Operations (4 Mar 2015)

Michael Noonan: The Relationship Framework and Operational Protocol dated 29th March 2012 between the Minister for Finance and Irish Bank Resolution Corporation (IBRC), referred to in my answer to Parliamentary Question No. 30 of 4th February 2015, came into effect after the sale of the company referred to in the question.   A previous Relationship Framework dated 8th July 2009 was...

Written Answers — Department of Finance: Tax Forms (4 Mar 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that the income included on the P60 relates to the pension payable to the individual concerned. Revenue has made contact with the person concerned and has clarified the matter with him to his satisfaction.

Written Answers — Department of Finance: Appointments to State Boards (4 Mar 2015)

Michael Noonan: In answer to the Deputy's question I have been advised that there have been no senior civil servants appointed to any State Boards under the aegis of my Deparment during the period in question.

Written Answers — Department of Finance: House Prices (5 Mar 2015)

Michael Noonan: My Department closely monitors movements in residential property prices and their potential impact on the economy. As regards recent trends, according to the Central Statistics Office, national residential property prices fell by 1.4 per cent between December and January, and are up 15.5 per cent over the 12 months to January.  It is too early to say whether the recent trends mark a...

Written Answers — Department of Finance: Revenue Commissioners Investigations (5 Mar 2015)

Michael Noonan: I am advised that the Revenue Commissioners work in close cooperation with other enforcement authorities in this jurisdiction and in Northern Ireland to combat fuel and tobacco fraud which are all-island problems.  The Cross Border Tobacco Fraud Enforcement Group and the Cross Border Fuel Fraud Enforcement Group include representatives of the Revenue Commissioners, An Garda...

Written Answers — Department of Finance: Revenue Commissioners Investigations (5 Mar 2015)

Michael Noonan: Tax evasion is a matter of serious concern because it deprives the State of revenues required to provide essential services and facilities for all of our citizens. I am advised by the Revenue Commissioners that confronting evasion in all its guises, including the use of offshore accounts for that purpose, is a priority for them. They draw on all available sources of information and...

Written Answers — Department of Finance: Fuel Trader's Licence (5 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 81 and 82 together. An auto fuel trader's licence and/or a marked fuel trader's licence must be held by each person dealing in mineral oils and marked mineral oils and for each premises or filling station used for that purpose. These licences are issued by the Revenue Commissioners in accordance with the requirements laid down under Chapter 1 of Part 2 of...

Written Answers — Department of Finance: Fiscal Policy (5 Mar 2015)

Michael Noonan: Inflation in the euro area has been below levels consistent with price stability for some time and, in fact, moved into negative territory in December and has subsequently remained there in January and February. The fall in inflation combined with the fact that inflationary expectations have begun to drift downwards poses a risk to price stability. As a result, and with policy rates...

Written Answers — Department of Finance: Vehicle Registration (5 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that relief from Vehicle Registration Tax (VRT) is provided for in Section 134(1)(a), Finance Act, 1992, as amended, and Statutory Instrument No. 59 of 1993, Vehicle Registration Tax (Permanent Reliefs) Regulations 1993. The relief applies where there is a transfer of normal residence which would be evidenced by proof of full time employment and/or...

Written Answers — Department of Finance: Tax Code (5 Mar 2015)

Michael Noonan: A fair, efficient and competitive income tax system is essential for economic growth and job creation.  However, it is important to understand that PAYE workers and the self-employed are taxed in different ways to reflect their differing circumstances. As the deputy is aware, employees in the PAYE system benefit from an income tax credit worth €1,650 per annum to which the...

Written Answers — Department of Finance: Revenue Documents Issuance (5 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality, they are not in a position to provide the details sought by the Deputy. If the Deputy can provide confirmation of being authorised by the taxpayer to make representation on their behalf, Revenue will be happy to address this matter with the Deputy.

Written Answers — Department of Finance: Central Bank of Ireland Investigations (5 Mar 2015)

Michael Noonan: The Central Bank of Ireland have informed me that an investigation into historical claims reserving practices at the company is ongoing and is at an advanced stage. Once concluded, decisions regarding enforcement proceedings will be made by the Central Bank.

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

Michael Noonan: I am informed by the Revenue Commissioners that the sales of marked diesel on a county basis are not readily available at present.  However, a wide range of statistical information is available on the Commissioners' new, enhanced, Statistics webpage: .  In relation to the Deputy's question, detailed information on volumes of clearances from tax warehouses of oils and other...

Written Answers — Department of Finance: Pension Provisions (5 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that precise details on the value of pension funds transferred abroad are only available since 2012. This is due to the fact that before 2012 very few notifications in relation to transferring pension funds abroad were received and centralised records were not maintained until the start of 2012. From 2012, both Revenue and the pensions industry,...

Written Answers — Department of Finance: State Debt (5 Mar 2015)

Michael Noonan: Estimates of the structural budgetary position published in Budget 2015 were produced on the basis of the harmonised methodology for calculating the output gap. The harmonised methodology suggests a positive output gap in 2015, in other words that the economy is operating above its potential. The harmonised method also suggests an equilibrium unemployment rate of around 10 per...

Written Answers — Department of Finance: Banking Operations (5 Mar 2015)

Michael Noonan: As the Deputy is aware, I have no direct function in the relationship between banks and their customers or in the day-to-day commercial and operational decisions of the banks. These decisions are taken by the board and management of the institutions. In relation to the requirement for lenders to provide more information as to why lending applications are declined, I am informed by the...

Written Answers — Department of Finance: Tax Compliance (5 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they are engaged in an ongoing programme of compliance work in relation to medical consultants. Revenue's main focus at this time in the context of this programme is the tax issues arising from the incorporation of medical consultants businesses. To date, Revenue has opened a total of 331 compliance interventions. Some 128 of the...