Results 2,521-2,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Budget Measures (18 Oct 2016)

Michael Noonan: As the Deputy will be aware, the "Help to Buy" initiative announced in the Budget, will provide an income tax rebate to first time buyers to assist them in getting the deposit for their first home, as required under the Central Bank's macro-prudential mortgage rules. There is no cap on the potential cost to the Exchequer of this scheme. As the initiative is...

Written Answers — Department of Finance: Budget Measures (18 Oct 2016)

Michael Noonan: As the Deputy will be aware, every tax relief has conditions that must be met in order for eligibility to be established. Under the "Help to Buy" initiative, which is aimed at helping first-time buyers to purchase a newly built principal private residence, if an individual has been found to no longer meet certain conditions under the scheme, such as occupying the house, they may need to...

Written Answers — Department of Finance: Budget Measures (18 Oct 2016)

Michael Noonan: In Budget 2017, I announced a "Help to Buy" initiative which will provide an income tax rebate to first time buyers to assist them in getting the deposit for their first home, as required under the Central Bank's macro-prudential mortgage rules. The full definition of what constitutes a new build property, as well as the conditions around self-builds that will be eligible under...

Written Answers — Department of Finance: Budget Consultation Process (18 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 209 and 210 together. The Deputy will appreciate that preparation for Budget 2017 and the Finance Bill is a complex matter and it would be impractical to provide a definitive list of every single such meeting that may have taken place. However, I can advise him that in advance of Budget 2017, I met, along with the Minister for Public Expenditure and Reform,...

Written Answers — Department of Finance: Insurance Coverage (13 Oct 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I, nor the Central Bank of Ireland, have the power to direct insurance companies on the pricing of insurance products. The EU framework for insurance expressly prohibits Member States from adopting rules which require insurance companies to obtain prior approval...

Written Answers — Department of Finance: Motor Insurance (13 Oct 2016)

Michael Noonan: I am aware of the increasing cost of motor insurance and am very concerned about it.  However, the ability of the Government to influence pricing is limited as insurance companies are required under European law to price in accordance with risk and neither I, as Minister for Finance, nor the Central Bank of Ireland, have the power to direct insurance companies on the pricing of...

Written Answers — Department of Finance: Office of the Comptroller and Auditor General (13 Oct 2016)

Michael Noonan: The position of Comptroller and Auditor General (C & AG) was provided for both in the 1922 Irish Free State Constitution, which stated "Dáil Eireann shall appoint a Comptroller and Auditor-General to act on behalf of the Irish Free State (Saorstát Eireann). He shall control all disbursements and shall audit all accounts of moneys administered by or under the authority...

Written Answers — Department of Finance: Tax Data (13 Oct 2016)

Michael Noonan: As was set out in the 2014 Report on Tax Expenditures, the definition of a tax expenditure in Irish legislation draws on an OECD definition and describes a tax expenditure as a transfer of public resources that is achieved by: (a) Reducing tax obligations with respect to a benchmark tax rather than by direct expenditure; or (b) Provisions of tax legislation that reduce or postpone revenue for...

Written Answers — Department of Finance: Inniúlacht sa Ghaeilge sa Státseirbhís (13 Oct 2016)

Michael Noonan: Níl aon phost sa Roinn daingnithe mar phost a bhfuil riachtanas Gaeilge ag baint leis. Ní gnách leis an Roinn seirbhisí a chur ar fáil don phobal go díreach.  Mar sin féin, sa chás go bhfuil gá le haistriúchán agus nach bhfuil ball foirne atá inniúil i nGaelige ag Rannóga, nó nach bhfuil an duine sin ar...

Written Answers — Department of Finance: Inniúlacht sa Ghaeilge sa Státseirbhís (13 Oct 2016)

Michael Noonan: Tá an Roinn eolach ar na dualgais atá uirthi faoi Acht na dTeangacha Oifigiúla, 2003. Níl sé riachtanach go mbeadh sprioc ag an Roinn faoin reachtaíocht. Tá dualgais na Roinne faoin reachtaíocht leagtha amach ina Scéim Teanga, 2014-2017, a foilsíodh i 2014. Tabhair faoi deara go ndearnadh...

Written Answers — Department of Finance: Earcaíocht san Earnáil Phoiblí (13 Oct 2016)

Michael Noonan: Ní mheasann an Roinn go bhfuil gá le poist áirithe  a líonadh  le cainteoirí Gaeilge toisc nach bhfuil sé riachtanach dúinn é a dhéanamh faoin reachtaíocht. Ní gnách leis an Roinn seirbhisí a chur ar fáil don phobal go díreach.  Mar sin féin, sa chás go bhfuil...

Written Answers — Department of Finance: VAT Registration (13 Oct 2016)

Michael Noonan: VAT is governed by the EU VAT Directive (Council Directive 2006/112/EC), with which Irish VAT law must comply. The EU VAT Directive provides that VAT registration thresholds may only be raised by Member States to maintain their value in real terms, that is, they may only be increased in line with inflation. The VAT thresholds were increased to their current values on 1 May 2008. As the...

Written Answers — Department of Finance: Tax Code (13 Oct 2016)

Michael Noonan: The Tax Strategy Group is in place since the early 1990's and is chaired by the Department of Finance with membership comprising senior officials and political advisers from a number of Civil Service Departments and Offices. Its terms of reference are as follows: To examine and develop proposals for measures in the areas of taxation, PRSI and levies, for Budget and Finance Bill within...

Written Answers — Department of Finance: Corporation Tax Regime (13 Oct 2016)

Michael Noonan: Brazil's inclusion of Ireland on their tax list has been in operation since 1 October.  The impact of the listing involves increased Brazilian withholding taxes being charged on certain payments made from Brazil to Ireland.  This may have implications for Irish businesses trading with Brazil or that have operations or investments in Brazil. Significant...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (12 Oct 2016)

Michael Noonan: I am informed by the Ireland Strategic Investment Fund (ISIF) that its shareholdings in companies outside Ireland are held in the global portfolio. The global portfolio has been restructured and is being sold over time to fund Irish investment commitments as they arise, in keeping with ISIF's mandate to invest on a commercial basis to support economic activity and employment in Ireland. In...

Written Answers — Department of Finance: Credit Union Regulation (12 Oct 2016)

Michael Noonan: The Report of the Commission on Credit Unions, published in 2012, made a number of recommendations, including in relation to governance requirements for credit unions.  Recommendations made were agreed by all stakeholders including credit union representative bodies. These governance requirements set out the role and responsibilities of two key positions within the credit union -...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: -----with a pro rata increase on other tobacco products. This will bring the price of cigarettes in the most popular price category to €11 per package of 20 cigarettes. The House will be pleased to hear that this is the only tax increase in today's budget. Shortly after I took office in March 2011, the CSO announced that the headline deficit for 2010 was 32% of GDP and even on an...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: In addition to the macroeconomic policies I have outlined, I now want to announce a series of measures to assist sectors of the economy which may be adversely effected by Brexit. I am extending the special assignee relief programme and the foreign earnings deduction until the end of 2020, and in relation to the foreign earnings deduction, I am also reducing the minimum number of days...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: This is the sixth budget I have introduced since 2011. Since then the country has overcome huge challenges, challenges that many thought were insurmountable. The lessons learned over this period must not be forgotten. We must budget prudently while we prioritise the repair of our public services after a period of underinvestment. We will be true to the commitments we made in A Programme...

Written Answers — Department of Finance: Property Tax Administration (11 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 61 and 84 together. Local Property Tax (LPT) is a self-assessed tax, which places the onus on the taxpayer to comply with statutory obligations even in circumstances where there has been no contact from Revenue. Section 156 of the Finance (Local Property Tax) Act 2012 converted any arrears of Household Charge (HHC) that were still outstanding on 1 July...