Results 2,321-2,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Ministerial Appointments (8 Nov 2016)

Michael Noonan: Professor John McHale has informed my Department that he is not putting himself forward for reappointment for a further term as a member of the Fiscal Council when his current term of office expires on 31 December 2016. As Professor McHale is also the current chairperson of the Council, this will also create a vacancy for the position of chairperson. In order to...

Written Answers — Department of Finance: EU Budget Contribution (8 Nov 2016)

Michael Noonan: As outlined in the following table, Ireland became a net contributor to the EU budget in 2014. EU Budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics bulletin. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU also pays some additional...

Written Answers — Department of Finance: Brexit Issues (8 Nov 2016)

Michael Noonan: Until it formally withdraws from the Union, the UK remains a full EU Member, with all of its existing rights and obligations including in relation to the EU budget. Brexit is likely to involve complex discussion on the Multiannual Financial Framework, particularly as the UK is an important net contributor to the EU Budget. Therefore, Brexit will have a significant impact on EU Budget...

Written Answers — Department of Finance: VAT Exemptions (8 Nov 2016)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. EU VAT exemptions are set out in Articles 132 and 135 of the VAT Directive (Council Directive 2006/112/EC) and do not cater for the supply of rescue and safety equipment. Therefore, it is not possible to exempt the equipment mentioned by the Deputy. In 2013, I...

Written Answers — Department of Finance: Tax Code (8 Nov 2016)

Michael Noonan: I am advised by Revenue that there has been ongoing engagement with the person concerned and his agent as regards the measures that are needed in order for the person to bring his  tax affairs up to-date. The resolution of these matters will facilitate the person in claiming an old age pension. Revenue will make further contact with  the person concerned with a view to progressing...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (3 Nov 2016)

Michael Noonan: The commencement date for the Help to Buy scheme of 19 July 2016 was chosen as it was the date of the launch of 'Rebuilding Ireland - Action Plan for Housing and Homelessness', in which the development of such a scheme for inclusion in the Budget was initially announced. The intention to backdate this tax incentive to this date was announced at that time with a view...

Written Answers — Department of Finance: Tax Code (3 Nov 2016)

Michael Noonan: Section 1003 of the Taxes Consolidation Act 1997 provides for the payment of tax by means of the donation of heritage items. The scheme provides that, where a heritage item is donated to an approved body, a tax credit equivalent to 80% of the market value of the item is available to the donor to be set against any arrears of tax from prior years, any current taxation liabilities, with any...

Written Answers — Department of Finance: Financial Services Ombudsman Data (3 Nov 2016)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions. To answer the Deputy's question, the Financial Services Ombudsman's Bureau has provided the following information:- Year Complaints Closed Complaints Closed due to 6 year rule Percentage of Complaints Closed due to 6 year rule 2011 7464 283 4% 2012...

Written Answers — Department of Finance: Tax Yield (3 Nov 2016)

Michael Noonan: I am advised by Revenue that the annual cost to the Exchequer of Section 23 tax relief for 2004 to 2014, the latest year for which data are available, are included in their 'Costs of Tax Expenditures (Credits, Allowances and Reliefs)' table located on their web page at , the relevant row in the table is titled "Rented Residential Relief - Section 23". The Section 23 tax costs show the...

Written Answers — Department of Finance: Insurance Costs (3 Nov 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation but am prohibited from interfering in the provision or pricing of insurance products.  The EU framework for insurance expressly prohibits Member States from adopting rules which require insurance companies to obtain prior approval of the...

Written Answers — Department of Finance: Equality Proofing of Budgets (3 Nov 2016)

Michael Noonan: The Programme for a Partnership Government contains a commitment to develop a process of budgetary and policy proofing as a means of advancing equality, reducing poverty and strengthening economic and social rights and, in this regard, my Department has already made process around the discussion on taxation policy. For example, in 2016 as part of the reformed budgetary process,...

Written Answers — Department of Finance: Property Tax Data (3 Nov 2016)

Michael Noonan: I am advised by Revenue that as such interest payments are not separately identifiable on Revenue records, a breakdown of the interest paid as  requested by the Deputy is not available.

Written Answers — Department of Finance: Help-To-Buy Scheme (2 Nov 2016)

Michael Noonan: Details of the Help To Buy scheme, which I announced in Budget 2017, are set out in Finance Bill 2016 which was published on 20 October.  The Bill provides that, in the case of a self-build residence, a first-time buyer must take out a mortgage in an amount which is at least 70% of the valuation of the residence as approved by the mortgage provider.  The calculation of the 5%...

Written Answers — Department of Finance: Help-To-Buy Scheme (2 Nov 2016)

Michael Noonan: Details of the Help To Buy scheme, which I announced in Budget 2017, are set out in Section 8 of Finance Bill 2016 which was published on 20 October.  To qualify for the scheme, a new-build is a property that has not been previously used as a residence. If the property in question falls within the definition of a qualifying residence for the purposes of the legislation then the property...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (2 Nov 2016)

Michael Noonan: As the Deputy is aware, small and medium sized businesses, including those in the hotel and catering industry, play a central role in the sustainable recovery of the Irish economy.  Government policy is focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources.   In terms of monitoring the requirements...

Written Answers — Department of Finance: Tax Collection (2 Nov 2016)

Michael Noonan: I am advised by Revenue that a copy of the Notice of Assessment for 2014 which was issued previously to the person concerned has been issued again to him both by post and electronically to his ROS inbox.

Written Answers — Department of Finance: Banking Sector (2 Nov 2016)

Michael Noonan: First, I would highlight that I have no statutory role in relation to banking decisions made by financial institutions to provide, alter or amend the range of services which it provides. This is ultimately a commercial decision for the management team and board of each lending institution, having due regard to their customers.  Second, the Deputy...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Nov 2016)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Credit Union Lending (2 Nov 2016)

Michael Noonan: The Government recognises the important role of credit unions as a volunteer co-operative movement in this country as well as their key role in providing access to credit and other important services in local communities throughout the country. It is fair to say that credit unions have gone through a period of considerable change since the Commission on Credit Unions Report was...

Written Answers — Department of Finance: Help-To-Buy Scheme (2 Nov 2016)

Michael Noonan: The potential impact of the Help to Buy incentive on supply and demand conditions in the housing market was considered by my officials as part of their analysis of the proposed scheme and the design of the relevant parameters of the incentive. Among other issues, officials also considered the potential impact on land prices, demand, and potential mortgage lending. The...