Results 19,961-19,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: VAT Payments (16 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioner that the information to be furnished on VAT returns does not require the yield from particular products or activities to be identified. In these circumstances, the amount of VAT collected in respect of coal, as returned by traders registered for VAT, cannot be identified in the overall yield of VAT. I am advised also by the Commissioners that the...

Written Answers — Department of Finance: Invalidity Pension Payments (16 Jun 2015)

Michael Noonan: An invalidity pension is a taxable source of income and this was not changed by any provisions announced in the 2011 Budget. I am advised by the Revenue Commissioners that in March of this year the person concerned requested a tax review for the years 2011 to 2014 inclusive. In the course of that review it was established the person concerned was in receipt of an invalidity pension which...

Written Answers — Department of Finance: IBRC Expenditure (16 Jun 2015)

Michael Noonan: I am advised by the Special Liquidators that they are not in a position to provide the requested information due to commercial confidentiality and ongoing litigation involving the family referred to in the question.

Written Answers — Department of Finance: IBRC Expenditure (16 Jun 2015)

Michael Noonan: I would like to direct the Deputy to the Irish Bank Resolution Corporation Limited (in Special Liquidation) update report of 12 March 2015 which is available on the Department of Finance website at and in particular pages 58  to 67 inclusive.  The report provides details of the fees paid to A&L Goodbody, Linklaters and other legal advisers up to 31 December 2014. I am...

Written Answers — Department of Finance: Commissions of Investigation (16 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 232 and 233 together. As the Deputy is aware, the Terms of Reference of the Commission of Investigation into IBRC, including the €10 million threshold, were debated in Dáil Éireann last Tuesday and Wednesday. The €10 million threshold will ensure that the investigation is focused on the largest transactions and that transactions...

Written Answers — Department of Finance: Ministerial Meetings (16 Jun 2015)

Michael Noonan: Since taking office, there have been no public or private, official or unofficial, engagements or meetings between me and Denis O'Brien. Nor have there been such meetings between me and representatives of Mr O'Brien's company Communicorp Group Ltd. For the sake of completeness, I should inform the Deputy that there was a pre-Budget meeting on the 24th Sept 2014 with representatives of...

Written Answers — Department of Finance: Banking Sector (16 Jun 2015)

Michael Noonan: Firstly, let me make clear that Ulster Bank is an independent institution and I, as Minister for Finance, have no role in operational matters in the bank including independent reviews or reports commissioned by the bank. As the Deputy will be aware on 25 November 2013, Dr Lawrence Tomlinson published a report entitled "Banks' Lending Practices; Treatment of Businesses in Distress"...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (16 Jun 2015)

Michael Noonan: The Fiscal Assessment Report is being considered by my officials. While I have already given some initial views on issues raised by the Council in recent parliamentary questions, as is normal, a comprehensive response to the Fiscal Council on all of the pertinent issues will be published in the coming weeks.

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (16 Jun 2015)

Michael Noonan: As the Deputy will be aware, from 2016 onwards, the public finances in Ireland will be subject to the requirements of the preventive arm of the Stability and Growth Pact (SGP). The European Commission assesses compliance with the preventive arm on the basis of two complimentary pillars. First is the minimum annual improvement in the structural balance and the second is compliance with...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (16 Jun 2015)

Michael Noonan: The Spring Economic Statement (SES) and the corresponding Stability Programme Update (SPU) outlined that fiscal space of the order of €1.2 to €1.5 billion is expected to be available for Budget 2016. The fiscal projections contained in those publications are based on a technical assumption of a budgetary package of €1.2 billion in 2016 which will be split evenly between...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Reports (16 Jun 2015)

Michael Noonan: The Fiscal Council noted that the provision of indicative fiscal space for the forthcoming Budget was a welcome development in terms of fiscal transparency. Indeed, this sets the scene for the National Economic Dialogue to be held next month.  The post-2016 forecasts in the Stability Programme Update and the Spring Economic Statement reflect an increase in expenditure of...

Written Answers — Department of Finance: Corporation Tax (16 Jun 2015)

Michael Noonan: Published statistics regarding receipts  of corporation tax over the past 10 years are available on the Revenue website at . Regarding the proportion of corporation tax that is attributable to Irish resident or incorporated companies that were non-resident for tax purposes, I am advised by the Revenue Commissioners that as...

Written Answers — Department of Finance: Banking Sector Redundancies (16 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 241, 262, 275 and 277 together. As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks in which it holds investments or their management decisions regarding commercial matters and hence any discussions around matters such as outsourcing are a matter for the bank, the...

Written Answers — Department of Finance: Living City Initiative (16 Jun 2015)

Michael Noonan: The Living City Initiative was commenced and launched on 5thMay 2015, through statutory instruments 170 and 171 of 2015. This commenced the qualifying period, which will last for five years from that date.

Written Answers — Department of Finance: Commissions of Investigation (16 Jun 2015)

Michael Noonan: Following the announcement of the draft Terms of Reference for the Commission of Investigation on 3 June 2015, I wrote to opposition party leaders and to Deputy Catherine Murphy, in her role as Whip of the Technical Group, seeking their observations on the draft Terms of Reference. My office contacted the opposition party leaders and Deputy Murphy to arrange follow-up meetings. I was...

Written Answers — Department of Finance: Petrol Stretching (16 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners, who are responsible for acting against fuel fraud, that they recognise the serious threats that this criminal activity poses to legitimate businesses, motorists and Exchequer revenues. Action against it is, therefore, a priority for them, and they undertake, on an ongoing basis, an extensive programme of compliance and enforcement activities that...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Jun 2015)

Michael Noonan: Innovation Fund Ireland is a Government initiative led by Enterprise Ireland and the Ireland Strategic Investment Fund (ISIF) formerly the National Pensions Reserve Fund (NPRF*) to attract leading international venture capital managers to Ireland and to increase the availability of capital to Irish early stage and high growth companies, with a particular focus on the technology...

Written Answers — Department of Finance: Tax Rebates (16 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the person in question is due a refund of Local Property Tax, which was deducted in error from his salary in 2013. This refund will issue shortly. On the basis of the information currently available to Revenue, there is no refund due in respect of PAYE tax paid by the person concerned. If the person concerned has an entitlement to any tax...

Written Answers — Department of Finance: Tax Rebates (16 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned is entitled to a tax refund. Revenue has been in contact with the person concerned as part of the process to clarify the exact amount of the refund due. The matter will be finalised as soon as possible and the refund issued to him.

Written Answers — Department of Finance: Property Tax (16 Jun 2015)

Michael Noonan: The Deputy will be aware that I have asked former public servant Dr. Don Thornhill, who chaired the 2012 Inter-Departmental Group which designed the Local Property Tax (LPT),  to conduct a review to consider, and make recommendations, on the operation of the LPT, and any impacts on LPT liabilities due to property price developments. In particular...