Results 3,501-3,520 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Exchequer Returns (19 Jul 2016)

Michael Noonan: I am advised by the Revenue Commissioners (Revenue) that the updates to tax payments by the aircraft leasing industry for the years 2014 and 2015 are as shown in the following table. I am further advised by Revenue that it is not possible to identify with accuracy the tax payments made by the overall aircraft leasing industry. However, the following table sets out the tax...

Written Answers — Department of Finance: Public Sector Staff Data (19 Jul 2016)

Michael Noonan: I understand that the information on the number of staff who entered the civil service post 1 January 2011, including staff that joined the Department of Finance and other bodies staffed by Civil Servants under the aegis of the Department is being replied to by the Minister of Public Expenditure and Reform. A number of other bodies under the aegis of my Department were...

Seanad: Summer Economic Statement 2016: Statements (14 Jul 2016)

Michael Noonan: I welcome the opportunity to be here to discuss the summer economic statement. The statement is an important part of the budgetary reform process. It sets out the framework for economic and fiscal discussions on budget 2017 and gives us the opportunity to discuss the budgetary strategy over the medium term. It frames the debate around our priorities and allows us to examine how best to use...

Written Answers — Department of Finance: Mortgage Arrears Proposals (14 Jul 2016)

Michael Noonan: As the Deputy will know, the commitments in the Programme for a Partnership Government (PfPG) are under active consideration by the Government as part of the Government's housing strategy and work is well advanced on the development of a Housing Action Plan which will be published by my colleague, the Minister for Housing Planning and Local Government, shortly. The PfPG commitment in...

Written Answers — Department of Finance: Insurance Industry Regulation (14 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 63 to 66, inclusive, together. 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, can interfere in the provision or pricing of insurance products.  The EU framework for insurance expressly prohibits Member States from adopting rules...

Written Answers — Department of Finance: Mortgage Lending (14 Jul 2016)

Michael Noonan: The Deputy will know that all mortgages are subject to the terms and conditions as set out in the mortgage contract. However, I am not aware of any reason why the change described by the Deputy should impact on mortgage holders. I understand that the bank to which the Deputy refers engaged in the sale of loans. The Deputy will be aware that the Consumer Protection (Regulation...

Written Answers — Department of Finance: Tax Code (14 Jul 2016)

Michael Noonan: I understand from the Deputy that this question relates to the clawback of relief from Capital Acquisitions Tax (CAT) that applies to certain gifts and inheritances of agricultural property. I am advised by the Revenue Commissioners that this relief, known as "agricultural relief" is provided for in Section 89 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003. The relief takes...

Written Answers — Department of Finance: Credit Unions (14 Jul 2016)

Michael Noonan: Credit unions have a key role to play in providing access to credit and other important services in local communities throughout the country. In December 2015 I invited the Credit Union Advisory Committee (CUAC) to carry out a review of the Implementation of the Recommendations set out in the Report of the Commission on Credit Unions. I published the final report on 6thJuly 2016....

Written Answers — Department of Finance: State Bodies Data (13 Jul 2016)

Michael Noonan: The information requested by the Deputy is set out in the following tables: Office of the Comptroller and Auditor General Staff Numbers 2011 to 2016 Whole Time Equivalents (WTE)a 2016 (estimate) 2015 2014 2013 2012 2011 Authorised maximum staff complement 164 164 150 150 150 150 Actual average employed 146 145 143 146 138 145 (As a % of staff complement) (89%) (88%) (95%) (97%) (92%)...

Written Answers — Department of Finance: Land Issues (13 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 93 and 105 together. I am advised by Revenue that refunds of stamp duty are available to young trained farmers under section 81AA of the Stamp Duties Consolidation Act 1999. The section specifies that a refund is only available where a transferee obtains a specified qualification within 4 years of the date of execution of the instrument and the other...

Written Answers — Department of Finance: State Bodies Data (13 Jul 2016)

Michael Noonan: The Office of the Comptroller and Auditor General estimates that the average number employed in 2016 will be 146 when account is taken of projected departures and planned recruitment competitions being undertaken though the Public Appointment Service on behalf of the Office.  The cost to the Office of salary and PRSI of employing an average of 146 whole time equivalent (WTE) staff over a...

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

Michael Noonan: I am aware of media comments from the UK Chancellor of the Exchequer last week regarding a move by the UK to a corporation tax rate of less than 15%.  This announcement is not surprising given that the UK had previously announced a cut to 17% by 2020.  There appears to be no timeframe set for this further reduction and we will have to wait and see the...

Written Answers — Department of Finance: Motor Tax Rates (13 Jul 2016)

Michael Noonan: The system of VRT was revised in 2008. The VRT rate applicable to both new and used imported cars registered on or after 1 July 2008 is determined by the CO2 emission rating of the car and is no longer related to engine size. The VRT rate is applied to the Open Market Selling Price of the car, as before 2008. There are eleven CO2 emission bands with VRT rates ranging...

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

Michael Noonan: The liquidation of an insurance company is a legally complex process.  Setanta is a Maltese incorporated company and, therefore, the Setanta liquidation is being carried out under Maltese law.  Progress in the liquidation of Setanta Insurance has been awaiting the outcome of legal proceedings in the case of the Law Society of Ireland versus the Motor Insurers' Bureau of Ireland...

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

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality it does not  disclose details of the tax affairs of any individual or company to a third party.  I am therefore unable to make any statement in relation to the matter.

Written Answers — Department of Finance: Mortgage Arrears Proposals (13 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 99 and 100 together. The Deputy will be well aware that the Government attaches great importance to addressing the issue of mortgage arrears and wants to keep families in their homes and avoid repossessions insofar as possible.  In this context, it is important to note that the overall level of repossession orders being granted by...

Written Answers — Department of Finance: National Broadband Plan (13 Jul 2016)

Michael Noonan: The National Broadband Plan is a priority for Government that will be delivered by my colleague the Minister for Communications, Energy and Natural Resources and questions relating to it should be directed to him. However the Deputy should be aware that the Government does not intend to publish the expected cost of building the network, the likely cost to the State or the expected...

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

Michael Noonan: I propose to take Questions Nos. 102 to 104, inclusive, together. Capital Acquisitions Tax (CAT) is the overall title for gift and inheritance tax. For the purposes of CAT, the relationship between the person who provides the gift or inheritance (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary), determines the maximum life-time tax-free threshold...

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

Michael Noonan: As previously advised a task force has been established within my Department to undertake a Review of various aspects of Policy in the Insurance Sector. To date, the task force has been working on three specific insurance policy reviews, as follows: 1. A review of the framework for motor insurance compensation. This is a Joint Working Group involving the Department of...

Written Answers — Department of Finance: Tax Code (12 Jul 2016)

Michael Noonan: I assume the Deputy is referring to the tax position of home tutors who, prior to September 2015, were paid by parents from grants paid to them by the Department of Education and Skills.  I am advised by the Revenue Commissioners that, in the context of an audit over the last few years, it was determined by Revenue that these home tutors are employed under a contract of service i.e. they...