Results 18,961-18,980 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am informed by the Revenue Commissioners that as they categorise taxpayers on the basis of the internationally accepted standard economic activity NACE Code, it is not possible without extensive examination of Revenue records to provide the information in the detail requested by the Deputy. I am advised by Revenue cases are selected for compliance intervention by them having regard to...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that preliminary unaudited value of investments by the Ireland Strategic Investment Fund in tobacco firms as at 30 January 2014 is €9.6 million.

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace & defence sub-industry as at 30 January 2014 is approximately €14.1 million. The aerospace & defence sub-industry is the lowest level of sector breakdown available under Global Classification Standards and...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (5 Mar 2015)

Michael Noonan: The National Treasury Management Agency has advised that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in alcohol firms as at 30 January 2014 is approximately €27.1 million.

Written Answers — Department of Finance: Insurance Industry (5 Mar 2015)

Michael Noonan: Setanta Insurance Company Limited is a Maltese authorised company subject to prudential supervision by the Malta Financial Services Authority (MFSA) which is now in liquidation under Maltese law. Any follow-up investigation on the regulatory issues surrounding the firm's failure falls under the responsibility of the MFSA as home regulator. However, my Department and the Central...

Written Answers — Department of Finance: Deposit Guarantee Scheme (5 Mar 2015)

Michael Noonan: The Central Bank has advised that they were not in a position to collect data in relation to covered deposits in 2008. The basis for determining the appropriate deposit that a credit institution should hold in the deposit protection account (for the purposes of the DGS) at that time was total deposits of a bank rather than covered deposits. The Central Bank has...

Written Answers — Department of Finance: Mortgage Interest Rates (10 Mar 2015)

Michael Noonan: At the outset, I must confirm to the Deputy that the lending institutions in Ireland - including those in which the State has a shareholding - are independent commercial entities. I have no statutory role in relation to regulated financial institutions passing on the European Central Bank interest rate change or in relation to the mortgage interest rates charged.  It...

Written Answers — Department of Finance: Petrol Stretching (10 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that 44 complaints of alleged petrol stretching have been received by them for County Mayo since June 2014 to the end of February 2015 as set out as follows: Month June 14 July 14 Aug 14 Sept 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Total 0 0 4 10 12 11 6 0 1 All complaints have been investigated and, where the complaint related to a named filling...

Written Answers — Department of Finance: Tax Data (10 Mar 2015)

Michael Noonan: I assume that the Deputy is inquiring about the number of tax registrations. I am advised by the Revenue Commissioners that a wide range of statistical information is now available on their enhanced statistics webpage at , including details regarding the number of registrations for different taxes at . If the Deputy is referring to the number of income taxpayers, I am informed by the Revenue...

Written Answers — Department of Finance: Fuel Inspections (10 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 193, 194 and 197 together. I am advised by the Revenue Commissioners that combatting fuel fraud is a priority for them, and that their comprehensive strategy for tackling this form of criminality encompasses the carrying out of checks and controls at all stages of the fuel supply chain. This involves, among other things, the checking and inspection of bulk...

Written Answers — Department of Finance: Ministerial Appointments (10 Mar 2015)

Michael Noonan: I can confirm for the Deputy that I have notified Bank of Ireland that my current intention is to appoint a replacement director in due course to the board of Bank of Ireland, following the recent sad loss of Mr. Joe Walsh.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Funding (10 Mar 2015)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) was incorporated in September 2014 and since then the SBCI has made considerable progress in building relations with lending partners and in constructing the complex operational capability required to bring products to market. These include establishing operational capability with funders and lending partners, building internal systems...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (10 Mar 2015)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, and exemption from motor tax in respect of that vehicle and, up to a certain limit, assistance in respect of fuel costs. ...

Written Answers — Department of Finance: VAT Exemptions (10 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 199 and 200 together. I am advised by the Revenue Commissioners that the supply of certain medical services generally qualifies for exemption from VAT. Provisions for the VAT exemption applicable to medical services are contained in Paragraphs 2(3) and 2 (7) of Schedule 1 to the Value - Added Tax Consolidation Act 2010. Details of the relevant provisions are...

Written Answers — Department of Finance: Financial Services Regulation (10 Mar 2015)

Michael Noonan: Allegations of fraudulent or illegal activity should be brought to the attention of An Garda Síochána. It is not the role of the Minister for Finance to act as an intermediary. I understand from the details supplied that the correspondent has reported the matter to An Garda Síochána and it would not be appropriate for me to comment on an ongoing investigation. I...

Written Answers — Department of Finance: NAMA Debtors (10 Mar 2015)

Michael Noonan: I wish to advise the Deputy that we have received Ministerial Representations from persons (details supplied) along with other Deputies on this issue. In these cases my Department have advised that the situation outlined in your question is best addressed to NAMA. NAMA operates a dedicated email address, , to enable TDs and Senators to raise matters of concern directly with it and...

Written Answers — Department of Finance: Tax Reliefs Cost (10 Mar 2015)

Michael Noonan: As the Deputy may be aware, I recently announced my intention to amend tax relief for medical insurance premiums for young adults from 1 May 2015 on foot of changes introduced under the Health Insurance (Amendment) Act 2014, which provides that those aged between 21 and 25, can avail of reduced premium rates below the full adult price and that those aged between 18 and 20 can avail of a...

Written Answers — Department of Finance: Property Tax Collection (10 Mar 2015)

Michael Noonan: I am advised by Revenue that a key aspect of the work undertaken in regard to Local Property Tax (LPT) was the development of a comprehensive property register of residential properties in the State. The Register was populated using data drawn from a range of sources including Revenue's own databases and various other Government and non-Government sources. These various data sets were...

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that there are, at present, no tax reliefs or incentives available for establishing primary care centres.  I do not intend to introduce such an incentive at this time. I receive numerous requests for the introduction of new tax reliefs and the extension of existing ones. In considering these, I must be mindful of the public finances...

Written Answers — Department of Finance: Tax Collection (10 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners following a recent upload by them of pension information to their records, some anomalies in the complex technical and business rules that underpin the interface of that data into their system caused incorrect Tax Credit Certificates (TCCs) to issue to a small number of DSP pension recipients. Consequently these pension recipients may have been...