Results 19,421-19,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector (28 Apr 2015)

Michael Noonan: The Strategy for Financial Inclusion called for the nationwide launch of a Standard Bank Account as a first step in promoting Financial Inclusion. A pilot project for a Basic Bank Account was run, which finished on 31 March 2013 after a 9-month pilot period. A total of 205 accounts were opened during the Pilot, which the Financial Inclusion Working Group (FIWG) felt was disappointing. ...

Written Answers — Department of Finance: Bank Guarantee Scheme (28 Apr 2015)

Michael Noonan: The information in the table sets out the breakdown of the €375 billion guaranteed under the Credit Institutions (Financial Support) Act 2008, by covered institution. The table represents the instruments covered on the date of the introduction of the guarantee (30th Sept 2008). - AIB Group Bank of Ireland Anglo ILP EBS INBS POSTBANK TOTAL Net of Exclusions ...

Written Answers — Department of Finance: Carbon Tax Yield (28 Apr 2015)

Michael Noonan: The introduction of Carbon Tax was about sending a price signal that there is a cost associated with the consumption of fossil fuels to the detriment of the environment. In this regard solid fuels have the highest carbon content of all fossil fuels. The Revenue Commissioners, who have responsibility for the collection of solid fuel carbon tax, advise me that, since its introduction on 1...

Written Answers — Department of Finance: IBRC Liquidation (28 Apr 2015)

Michael Noonan: The decision to liquidate IBRC and exchange the Promissory Notes was taken with the expressed purpose of protecting the taxpayer, to end the exposure of the State and the Central Bank to IBRC, to enable the state to re-establish normalised access to the international debt markets, to resolve the debt of IBRC to the Central Bank, to restore confidence in the banking sector more generally and...

Written Answers — Department of Finance: Banking Sector Regulation (28 Apr 2015)

Michael Noonan: I have been informed that Permanent TSB has no current plans to sell any Irish residential mortgage loan books.  I have also been informed that they have commenced a sale process for their remaining Irish Commercial Real Estate loan book and are likely to sell their UK mortgage loans in tranches in 2015 and 2016. Both the Irish Commercial Real Estate and the UK loan book sales are...

Written Answers — Department of Finance: Property Tax Collection (28 Apr 2015)

Michael Noonan: I am advised by Revenue that the issue to which the Deputy is referring in his Question has already been resolved through direct discussions between the Local Property Tax (LPT) team and the person in question. During the course of the discussions it was confirmed that the person is in fact entitled to a deferral of both his LPT and Household Charge (HHC) liabilities on foot of his income...

Written Answers — Department of Finance: Film Industry Tax Reliefs (28 Apr 2015)

Michael Noonan: I am advised by the Revenue Commissioners that as the new scheme under Section 481 only came into operation on 12 January 2015 it is too early to say what impact the changes will have.  Prior to 2015 the scheme operated by giving tax relief to individuals investing in the film industry. From 2015 the scheme provides direct support to film producer companies in the form of a tax credit....

Written Answers — Department of Finance: Living City Initiative (28 Apr 2015)

Michael Noonan: The purpose of the Living City Initiative is to provide an urban regeneration incentive to certain areas of six cities, namely Cork, Dublin, Galway, Kilkenny, Limerick and Waterford, which are most in need of regeneration. A number of amendments were made to the Living City Initiative in Finance Act 2014 to ensure that the scheme was in accordance with EU State aid rules. These include the...

Written Answers — Department of Finance: Tax Code (28 Apr 2015)

Michael Noonan: I propose to take Questions Nos. 139 and 141 together. Charitable tax exemption is provided for by Section 207 of the Taxes Consolidation Act (TCA) 1997. Section 3 of the Charities Act 2009, which was commenced on 16 October 2014, introduced definitions of charitable purposes into primary legislation for the first time. The Commissioners now apply these definitions when determining...

Written Answers — Department of Finance: Tax Exemptions (28 Apr 2015)

Michael Noonan: As previously advised to the Deputy in her question of 21 April 2015, for reasons of taxpayer confidentiality Revenue cannot comment on the tax affairs of any individual Body or Trust in receipt of a charitable tax exemption. This includes the disclosure of any information in regard to the timing or outcome of any reviews or audits completed on the Body or Trust. However, Revenue...

Written Answers — Department of Finance: Departmental Staff Remuneration (28 Apr 2015)

Michael Noonan: Interbank Business Banking days, or TARGET Days, are set by the European Central Bank. Annually, the 1st of May is specified as a non-TARGET day and the scheduling of certain transactions must be amended to ensure their timely completion. This issue has potential implications for serving and retired staff who are due payments on that date. The Department of Public Expenditure and...

Written Answers — Department of Finance: Tax Code (29 Apr 2015)

Michael Noonan: I am aware that the Department of the Environment and the PRTB have been examining the issue of the private rental market and looking at possible reforms for this sector. In 2014, the Private Residential Tenancies Board (PRTB) commissioned two research reports to explore the policy options required to ensure a sustainable private rented sector into the future. The main report, entitled...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: Neither I nor officials in my Department hold a record of the list of shareholders who benefitted from the sale of Siteserv in 2012 other than the partial summary of the top 10 shareholders of Siteserv as at December 9, 2011, already released under Freedom of Information and available on the Department of Finance website.  However, I understand the Special...

Written Answers — Department of Finance: Revenue Commissioners Resources (29 Apr 2015)

Michael Noonan: I am informed by the Revenue Commissioners that Revenue currently has three mobile scanner systems. Two of these are mobile x-ray container scanning systems that are based at Dublin Port and Rosslare Ferry Port respectively. Both of these scanners are available for deployment at other ports, and at other locations such as warehouses, as required, and Revenue uses them, on a risk assessment...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: Neither I nor officials from my Department were involved in the transaction involving the company referred to in the question.  Following the transaction the Chairman provided direct assurances to me that the transaction had been run by the company in the best possible manner to acheive the best result for IBRC and consequently the State. In light of the above, neither I nor...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: As contained in material previously released under Freedom of Information and available on the Department of Finance website ahead of a meeting with the Chairman and CEO of IBRC on 25 July 2012, which I also attended, there was a recommendation in a note prepared for myself and the senior officials attending the meeting that the Chairman of IBRC be asked to commission...

Written Answers — Department of Finance: Revenue Commissioners Resources (29 Apr 2015)

Michael Noonan: I am informed by the Revenue Commissioners that they are a fully integrated tax and customs administration and that it is not possible to disaggregate resources deployed exclusively at any given time on customs work. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to targeting and confronting non-compliance. These front-line activities include...

Written Answers — Department of Finance: Tax Credits (29 Apr 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the tax credits of the person concerned changed arising from a change in her personal circumstances when she was widowed in 2014. The reduced tax credits applied from 2015.  The tax credits now available to the person concerned are correct based on the current information available to Revenue.

Written Answers — Department of Finance: Tax Credits (29 Apr 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that in March 2015 it came to Revenue's attention that the person concerned was in receipt of married person's tax credits, although his personal status had changed in 2010, having been widowed. The overall tax liabilities of the person concerned were reviewed for earlier years having regard to his changed circumstances and this gave rise to an...

Written Answers — Department of Finance: Departmental Staff (29 Apr 2015)

Michael Noonan: I can confirm that the person referred to in the question who was primary advisor at Davy Corporate Finance to Siteserv during its sales process in 2012 is now Head of the Shareholding Management Unit in my Department. This person was recruited through competition by the National Treasury Management Agency.  He is employed by the National Treasury Management Agency and is...