Results 3,541-3,560 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Revenue Commissioners Powers (12 Jul 2016)

Michael Noonan: The powers assigned to Revenue by the Oireachtas cover a very broad range of situations and circumstances and they have evolved over the years to reflect the ever-increasing complexity of tax law and the commercial environment; changes in Revenue administration; perceived weaknesses in the tax system; and international developments. These powers and sanctions are designed to...

Written Answers — Department of Finance: Fiscal Compact Treaty (12 Jul 2016)

Michael Noonan: The budgetary and debt rules contained in the Fiscal Compact arise from the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union. These fiscal rules, which are aligned with the Stability and Growth Pact (SGP), are intended to promote budgetary discipline and were given domestic legal effect through the Fiscal Responsibility Act 2012 following the passage of a...

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

Michael Noonan: A VAT registered charity, as is the case with all VAT registered persons, can only claim for a refund of VAT on expenses incurred, where those expenses are linked to or are a cost component of supplies of goods or services made by that charity on which the charity is liable to charge Value Added Tax. There are, however, separate specific reliefs from VAT in certain circumstances and, where...

Written Answers — Department of Finance: Deposit Guarantee Scheme (12 Jul 2016)

Michael Noonan: As I outlined in my response to Parliamentary Question number 115 of 23 June 2016, since the liquidation of IBRC in February 2013, there has been no timeframe set for the appointment of an assessor to independently determine the fair and reasonable aggregate value, if any, of the transferred shares and extinguished rights and the consequent amount of compensation, if any, that may be payable...

Written Answers — Department of Finance: Economic Data (12 Jul 2016)

Michael Noonan: Subject to the release of the annual 2015 National Income and Expenditure (NIE) accounts on 12 July the latest available data at the time of writing (referenced below) refer to data to the fourth quarter of 2015. Prior to the release of Q1 2016 Quarterly National Accounts, the CSO published annual but not quarterly data on intangible investment.  It does not publish a...

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

Michael Noonan: I am advised by Revenue that there is no VAT rebate application with them from the person concerned. I am also advised by Revenue that the flat rate addition paid to milk suppliers who are not VAT registered is paid to the supplier by the business to whom the milk is supplied rather than by Revenue.  In the circumstances, the person concerned should take up this matter with the business...

Written Answers — Department of Finance: Departmental Expenditure (12 Jul 2016)

Michael Noonan: I wish to inform the Deputy that my Department does not hire agency or locum staff. When temporary vacancies arise, those vacancies are met from within existing resources.

Written Answers — Department of Finance: Departmental Websites (12 Jul 2016)

Michael Noonan: The Department of Finance recognises the importance of ensuring that our website is accessible to everyone and is committed to achieving a minimum of  conformance level Double-A with the Web Accessibility Initiative (WAI) Web Content Accessibility Guidelines, and Web Content Accessibility Guidelines (WCAG) 2.0 as well as complying with the National Disability Authority IT...

Written Answers — Department of Finance: Irish Water Funding (7 Jul 2016)

Michael Noonan: I presume that the "debt portion of the Irish Water capital programme" mentioned by the Deputy in his question refers to the direct borrowing undertaken by Irish Water from commercial sources.  As Irish Water is classified in General Government, this commercial borrowing is included in the General Government Debt (GGD). By end 2015, Irish Water's...

Written Answers — Department of Finance: Mortgage Debt (7 Jul 2016)

Michael Noonan: The Deputy is correct that the Code of Conduct on Mortgage Arrears (CCMA) provides that in the case of joint borrowers who notify the lender in writing that they have separated or divorced, the lender should treat each borrower as a single borrower under this Code (except to the extent that an action requires, as a matter of law, the agreement of both borrowers). It is...

Written Answers — Department of Finance: Fiscal Data (7 Jul 2016)

Michael Noonan: Estimates of fiscal space based on the expenditure benchmark are unaffected by changes in actual GDP. Instead, the relevant input is the estimate of the potential growth rate of the economy, as estimated by the European Commission each Spring. The rationale for this is simple: budgetary policy should not be pro-cyclical.  In other words, fiscal space should not increase when there...

Written Answers — Department of Finance: Insurance Costs (7 Jul 2016)

Michael Noonan: Differing reasons have been put forward by various interested parties to explain Ireland's current increasing insurance costs.  The Central Statistics Office has reported that the cost of insurance premiums increased significantly in the past twelve months with a 35.5% increase in motor car insurance and dwelling and health insurance up by 9.9% and 6.5% respectively. ...

Written Answers — Department of Finance: Tax Code (7 Jul 2016)

Michael Noonan: 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 known as the "Group threshold" below which gift or inheritance tax...

Written Answers — Department of Finance: Financial Services Sector (7 Jul 2016)

Michael Noonan: The matter of whether or not a borrower is permitted to rent out their principal private residence without the lender's permission is a matter of contract between the lender and the borrower, which may be provided for in the terms and conditions of the loan agreement. I, as Minister for Finance, have no role in the commercial decisions of individual banks. I have also been informed that the...

Written Answers — Department of Finance: Departmental Expenditure (7 Jul 2016)

Michael Noonan: No fee, or any other form of remuneration, was paid by my Department to the company referred to in each of the past ten years. The company seconded four individuals to my Department on a pro bonobasis for parts of 2010, 2011, 2012, 2013, 2015 and 2016.

Written Answers — Department of Finance: Corporation Tax Regime (7 Jul 2016)

Michael Noonan: I am aware of media comments from the UK Chancellor of the Exchequer earlier this 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: UK Referendum on EU Membership (7 Jul 2016)

Michael Noonan: My Department has been preparing for the outcome of the UK referendum on EU membership for a considerable period of time and this has included the establishment of inter-divisional structures and committees. Senior officials from my Department also participate in the Inter-departmental Group on EU-UK issues which is chaired by the Department of the Taoiseach. Following the outcome of...

Written Answers — Department of Finance: IBRC Liquidation (7 Jul 2016)

Michael Noonan: The costs associated with the Special Liquidation from the 7th February 2013 to 31st December 2015 were €179,560,000 (net of rebates).  Of this, €95,470,000 related to fees for work carried out by KPMG SL Team and KPMG migration, €32,501,000 to A & L Goodbody Solicitors and €18,969,000 to Linklaters Solicitors for legal work carried out. There were...

Written Answers — Department of Finance: Consultancy Contracts Data (7 Jul 2016)

Michael Noonan: The information requested by the Deputy is set out in the following table. Company External Consultant Report Cost Year Published Red C SME Lending Survey October 2015 - March 2016 €58,979.00 2016 Published - June 2016** Dr Don Thornhill Review of Local Property Tax Nil 2015 Published - October 2015 ESRI Tax breaks and the residential property market €30,677.43 2015...

Written Answers — Department of Finance: Departmental Expenditure (7 Jul 2016)

Michael Noonan: In response to the Deputy's question, there have been no photography costs incurred by my Department since my appointment as Minister for Finance to the 32nd Dáil. The Department's policy regarding the booking of photographers is to follow the relevant public procurement guidelines and procedures.