Results 3,681-3,700 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fiscal Data (28 Jun 2016)

Michael Noonan: The calculation underpinning the estimated €1 billion net fiscal space is illustrated in Table A2 on page 27 of the Summer Economic Statement. The discretionary measures as detailed in item 8 include the carry forward impact of tax measures from budget 2016. By definition, expenditure measures are included in the base for the calculation of the following year's fiscal space. I...

Written Answers — Department of Finance: Stamp Duty (28 Jun 2016)

Michael Noonan: I am advised by Revenue that a breakdown of Stamp Duty receipts in tabular form is available atincluding the years 2010 to 2015. The Deputy may wish to note that the net receipt figures for Stamp Duty paid on share transactions includes all companies which are incorporated within the State.

Written Answers — Department of Finance: Tax Compliance (28 Jun 2016)

Michael Noonan: I am informed by Revenue that on foot of compliance interventions finalised in 2014 and 2015 the numbers of settlements which did not meet the criteria for publication are set out in the table: Settlements greater than 2014 2015 €100,000 658  666 €500,000 124 115 I am further informed that the main reasons why settlements in excess of €100,000 would not fall to...

Written Answers — Department of Finance: Tax Compliance (28 Jun 2016)

Michael Noonan: I am advised by Revenue that the general scheme of tax clearance certification is provided for by Section 1095 of the 1997 Taxes Consolidation Act (as amended). Revenue can not issue a Tax Clearance certificate where the applicant has not paid all tax, interest and penalties, or has not filed all tax returns that are correctly due. Revenue is also prevented from issuing a Tax Clearance...

Written Answers — Department of Finance: Insurance Industry (28 Jun 2016)

Michael Noonan: The annual Private Motor Insurance Statistics report published by the Central Bank of Ireland is compiled from policy level data submitted by Insurance Ireland to the Central Bank.  The most recent such Report which is for the year 2013 is available on the Central Bank's website at I am informed by the Central Bank that it does not publish the number...

Written Answers — Department of Finance: Insurance Industry (28 Jun 2016)

Michael Noonan: Differing reasons have been put forward by various interested parties to explain Ireland's current increasing insurance costs.  Motor insurance appears to be particularly affected with the cost of premiums increasing significantly in the past twelve months. Reasons often presented include the increased level of insurance claims and the increasing value of compensation awards. ...

Written Answers — Department of Finance: Mortgage Lending (28 Jun 2016)

Michael Noonan: The Central Bank, which has an independent mandate to preserve and protect financial stability, introduced macro prudential mortgage lending regulations to increase the resilience of the banking and household sectors to the property market and to reduce the risk of bank credit and house price spirals from developing in the future.  These measures apply proportionate lending...

United Kingdom Referendum on European Union Membership: Statements (27 Jun 2016)

Michael Noonan: I join colleagues in expressing disappointment at the outcome of the UK referendum. The UK has been a valued ally for Ireland within the European Union. However, the UK electorate has spoken and we must fully respect its decision. It is important to remember that we are at the start of a process. The UK remains a full member of the EU and this will continue to be the case until the...

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: I apologise but, as this is a serious issue, I wish to state that if the Deputy has specific allegations of wrongdoing, he should make them known to the relevant authorities in the appropriate jurisdiction-----

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: -----whether that be the NCA or the Garda.

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: I am aware that the media have reported the arrest of a former NAMA official yesterday, 22 June, in respect of an alleged disclosure of confidential information in 2012. The case has been ongoing since NAMA reported the matter to the Garda in February 2013. The existence of this case has been in the public domain since 2013 and the NAMA chief executive officer is on record as confirming...

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: The Deputy is misrepresenting my position. I have no-----

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: I have no legal authority to interfere with the legal authority of the NAMA board to make commercial decisions.

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: I have no legal authority to interfere in commercial decisions.

Other Questions: NAMA Operations (23 Jun 2016)

Michael Noonan: I do my job as Minister. The Deputy makes allegations under privilege. He made highly non-specific allegations. If the Deputy has specific information, he should put it on the record and give it to the Garda.

Other Questions: Statute of Limitations (23 Jun 2016)

Michael Noonan: When I group them, Deputies seek to have them answered separately. That is why they are answered separately.

Other Questions: Statute of Limitations (23 Jun 2016)

Michael Noonan: The operation of the law regarding the Statute of Limitations is a matter for my colleague, the Tánaiste and Minister for Justice and Equality, and I understand it is the subject of ongoing review in her Department. I am given to understand the review is taking account of the Law Reform Commission report on limitation of actions published in December 2011. That report...

Other Questions: Statute of Limitations (23 Jun 2016)

Michael Noonan: As I already have stated, the Tánaiste and Minister for Justice and Equality is examining the Statute of Limitations legislation. I also stated that a decision by the Central Bank to take enforcement action is not constrained by time limits but is considered on a case-by-case basis. Under the delegation orders from the Minister for Finance, the Minister of State, Deputy Eoghan Murphy,...

Other Questions: Insurance Costs (23 Jun 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation but I am prohibited from interfering in the provision or pricing of insurance products. The provision of insurance cover and the price at which it is offered, including the granting of no-claims discounts, is a commercial matter for...

Other Questions: Insurance Costs (23 Jun 2016)

Michael Noonan: The first phase of the review, or the task force, as Deputy Doherty referred to it, is on Setanta Insurance, with which the Deputy is familiar and on which he asked a number of questions. In a week or two the task force will proceed to examine insurance in general and it will start with motor insurance. Yes, I will publish the report.