Results 3,521-3,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Portfolio (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 183 to 185, inclusive, together. NAMA is bound by both statutory and contractual obligations of confidentiality. Neither NAMA nor I can comment on individual cases. Specifically, NAMA is, as the Deputy may be aware, subject to similar requirements as banks and other lenders that do not allow them to disclose information relating to individual debtors...

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 186 and 187 together. The provision of insurance cover is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those risks.  In my role as Minister for Finance, I have responsibility for the development of the legal framework...

Written Answers — Department of Finance: Corporation Tax (12 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: EU Funding (12 Jul 2016)

Michael Noonan: The Department of Finance does not deal directly with the operational aspects of EU Budget programmes.

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

Michael Noonan: From time to time the EU Commission raises queries around various tax provisions in Irish legislation, including Vehicle Registration Tax. This is usually done by means of an EU pilot which is a scheme designed to resolve compliance problems without having to resort to infringement proceedings. The pilot can be driven by the need for the Commission to gather information on its own...

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

Michael Noonan: I am informed by Revenue that the yield from Vehicle Registration Tax (VRT) from 2009 to 2015 is set out in the following table: Vehicle Registration Tax Year €m 2009 375.4 2010 383.5 2011 388.4 2012 379.3 2013 437.3 2014 542.1 2015 649.6

Written Answers — Department of Finance: Credit Unions (12 Jul 2016)

Michael Noonan: Credit unions are member-owned, not-for-profit financial co-operatives that provide savings, credit and other financial services to their members. Similar to any other business, the operation of a credit union is a matter for the credit union itself, including matters regarding the premises from which it operates. The role of the Minister for Finance is to ensure that the legal...

Written Answers — Department of Finance: Departmental Agencies Board Appointments (12 Jul 2016)

Michael Noonan: In response to the Deputy's query, please find in tabular form, where relevant, the numbers of Board members on each agency or body, the number of vacancies, if any, and when those vacancies occurred. The Deputy should note that some of the Board positions are filled on an ex officiobasis. Name of Body Number of Positions on boards of bodies/agencies under the aegis of the Department...

Written Answers — Department of Finance: Licence Applications (12 Jul 2016)

Michael Noonan: I am advised by Revenue that the number of bar and pub ordinary on-licences issued in 2016 to date for each county is as set out in the table following. The number of licences renewed in the years 1986, 1996 and 2006 is not available on a county breakdown basis. Statistical information is available on the Revenue Website www.revenue.ieat the following link County Issued County Issued...

Written Answers — Department of Finance: Licence Applications (12 Jul 2016)

Michael Noonan: I am advised by Revenue that the number of alcohol retail on-licences and off-licences renewed or granted  in each county in 2015 is as follows: County Off Licences On Licences CARLOW 46 120 CAVAN 66 217 CLARE 105 369 CORK 398 1,373 DONEGAL 138 514 DUBLIN 793 1,932 GALWAY 211 736 KERRY 143 632 KILDARE 133 321 KILKENNY 57 259 LAOIS 62 159 LEITRIM 21 130 LIMERICK 135 475...

Written Answers — Department of Finance: Mortgage Interest Relief Application (12 Jul 2016)

Michael Noonan: The Deputy will be aware that in the Programme for a Partnership Government there is a commitment to retain mortgage interest relief beyond the current end date on a tapered basis.  Mortgage interest relief is currently scheduled to expire at the end of 2017 and I will consider options for its retention, as set out in the Programme for Government in due course. ...

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

Michael Noonan: I am advised by Revenue that they have made direct contact with the person concerned with a view to confirming his overall tax liability and putting in place a mutually satisfactory arrangement to deal with any underpayment of tax, having regard to his personal circumstances.

Written Answers — Department of Finance: VAT Rate Application (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 198 and 208 together. The provision referred to by the Deputy was introduced in the Finance (No 2) Act 2008, it provides that a VAT registered person may recover 20% of the VAT incurred on the purchase or leasing of a qualifying vehicle, subject to certain conditions.  To qualify, at least 60% of the vehicle's use must be for business purposes and...

Written Answers — Department of Finance: State Banking Sector (12 Jul 2016)

Michael Noonan: Since opening on Friday morning the 24th June to close of business on Friday last, the 8th July, the share price of Bank of Ireland fell by 36% and Permanent TSB by 20% as the market reflected the impact of the UK Referendum result on the UK, Irish and European economies. Over the same period, leading UK banks have fallen by a range...

Written Answers — Department of Finance: VAT Rate Application (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 200 and 201 together. The VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. The VAT Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless there is a provision in the VAT Directive that permits a lower...

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

Michael Noonan: As with all tax areas Capital Acquisitions Tax, including the details of rates, tax-free thresholds, reliefs and exemptions, is kept under review. As part of Budget 2016 I raised the Group A threshold applying to gifts and inheritance from parents to their children from €225,000 to €280,000. This represented an increase of about 25%. I did this in recognition of the improving...

Written Answers — Department of Finance: European Investment Bank (12 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 203 to 205, inclusive, together. On 1 June I launched an open selection process to identify an Irish nominee as Vice President of the European Investment Bank. The position was advertised on the Department of Finance website and through the Public Appointments Service.  The Vice President is a member of the EIB Management Committee which is the...

Written Answers — Department of Finance: NAMA Property Sales (12 Jul 2016)

Michael Noonan: Section 10 of the NAMA Act requires NAMA to obtain the best financial return for the State from the sale of loans and the sale of properties that secure its loans.  Consistent with this mandate, NAMA has demonstrated its commitment and contribution to the achievement of wider social and economic policy objectives by giving first option to public bodies on the purchase of property which...

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

Michael Noonan: In regard to the case referred to by the Deputy, I am advised by Revenue that the person in question previously held a tax clearance certificate for the purposes of operating a small public service vehicle but has not yet applied to renew  it. If the person intends operating on either a self-employed basis or as an employee he should contact his local tax office to ensure he is properly...

Written Answers — Department of Finance: Company Registration (12 Jul 2016)

Michael Noonan: I am advised by Revenue that they do not have the information requested by the Deputy.