Results 3,941-3,960 of 27,019 for speaker:Michael Noonan

Committee on Arrangements for Budgetary Scrutiny: Engagement with Minister for Finance and Minister for Public Expenditure and Reform (15 Jun 2016)

Michael Noonan: Is the Deputy talking about the monthly Exchequer figures?

Committee on Arrangements for Budgetary Scrutiny: Engagement with Minister for Finance and Minister for Public Expenditure and Reform (15 Jun 2016)

Michael Noonan: I apologise but I must leave as there is something I must do. My officials will remain and while they obviously do not wish to answer policy questions, they will answer any technical question members put to them. If the committee wants me to return at any stage-----

Committee on Arrangements for Budgetary Scrutiny: Engagement with Minister for Finance and Minister for Public Expenditure and Reform (15 Jun 2016)

Michael Noonan: I can do that. Just give me a bit of notice and I will come back. However, I had this appointment before the arrangements were made.

Committee on Arrangements for Budgetary Scrutiny: Engagement with Minister for Finance and Minister for Public Expenditure and Reform (15 Jun 2016)

Michael Noonan: It is unavoidable and I must go.

Written Answers — Department of Finance: VAT Rebates (14 Jun 2016)

Michael Noonan: I am advised by Revenue that the person in question submitted a VAT repayment claim amounting to €4,085 on 11 June 2016. A portion of the repayment was offset against outstanding Income Tax liabilities in accordance with Section 960H(2) of the Taxes Consolidation Act 1997. The balance is available for repayment but can not be processed until the person submits an outstanding tax...

Written Answers — Department of Finance: Financial Services Regulation (14 Jun 2016)

Michael Noonan: I assume that the Deputy is referring to the protections in place for persons whose loans have been sold to non-bank entities based outside Ireland and will answer accordingly. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 was enacted in July 2015 and is designed to protect consumers whose loan portfolios are sold onto unregulated entities. The Act...

Written Answers — Department of Finance: Pension Provisions (14 Jun 2016)

Michael Noonan: Before Finance Act 1999 people with defined contribution pension savings had no option but to buy a pension income (called an annuity) with their savings after taking the allowable tax-free retirement lump sum. Changes since then have given people more choices for what to do with their pension savings. This is called the flexible options at retirement regime. These choices include taking a...

Written Answers — Department of Finance: Motor Insurance (14 Jun 2016)

Michael Noonan: The availability of relevant and timely data is necessary to facilitate an assessment of the insurance market in Ireland. Since the Solvency II regulatory regime became effective from 1st January 2016 there are increased disclosure requirements on both insurance undertakings and supervisors.  These requirements have been put in place to foster a uniform level of...

Written Answers — Department of Finance: Insurance Costs (14 Jun 2016)

Michael Noonan: My Department's review of policy in the insurance sector is being conducted in consultation with the Central Bank of Ireland and other Departments and Agencies. The objective of the Review is to recommend measures to improve the functioning of the insurance sector.  The Review includes an examination of the factors contributing to the cost of insurance.  The first phase of the...

Written Answers — Department of Finance: Departmental Expenditure (14 Jun 2016)

Michael Noonan: My Department makes no payment in respect of copies of Public Sector Times Magazine supplied to my Department.

Written Answers — Department of Finance: Departmental Expenditure (14 Jun 2016)

Michael Noonan: My Department spent €13,917 on daily and weekend newspapers in 2015. It has online subscriptions to the Irish Times and the Financial Times which are provided for use by staff. A mixed model involving the purchase of physical copies and online subscription to specific newspapers is considered to be an appropriate use of resources.

Written Answers — Department of Finance: Departmental Staff Data (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that there are eight staff working in the Human Resources Division in my Department's Office in Dublin. There are also five staff in my Department's Office in Tullamore, Co. Offaly who provide a HR transactional service to both the Department of Finance and the Department of Public Expenditure and Reform (including the National Shared Services...

Written Answers — Department of Finance: Ministerial Staff (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that I have 3 staff who work exclusively on constituency matters for me.

Written Answers — Department of Finance: Departmental Staff Data (14 Jun 2016)

Michael Noonan: I wish to inform the Deputy that prior to the transition of my Department to PeoplePoint on 15th April, 2013 there were 19 staff employed in the Human Resources Division, 11 in the Dublin Office and 8 in theTullamore Office.  Currently there are 8 staff working in the Dublin Office and 5 in Tullamore. My Department's HR unit in Tullamore provide a HR...

Written Answers — Department of Finance: Motor Insurance (14 Jun 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, can interfere in the provision or pricing of insurance products.  The EU framework for insurance expressly prohibits Member States from adopting rules which require insurance companies to obtain prior approval of the...

Written Answers — Department of Finance: VAT Rebates (14 Jun 2016)

Michael Noonan: I am advised by Revenue that there are currently 163 Value Added Tax repayment claims, covering 132 separate taxpayers/businesses, for amounts over €3,000 under consideration by Tipperary Revenue District.  Of the 163 claims under consideration by Revenue 108 are the subject of specific enquiry with the taxpayer/business concerned. The balance are under review by Revenue, 87%...

Written Answers — Department of Finance: Financial Services Regulation (14 Jun 2016)

Michael Noonan: I am informed by the Central Bank that there is no requirement for the purchaser of a commercial loan from a bank to be a regulated entity. However, as the Deputy will be aware, the Consumer Protection (Regulation of Credit Servicing Firms) Act, 2015 was enacted on 8 July 2015. It was introduced to fill the consumer protection gap where loans were sold by the original lender to an...

Written Answers — Department of Finance: Tax Avoidance (14 Jun 2016)

Michael Noonan: I am informed by Revenue that section 87 of the Finance Act 2014 inserted sections 811C and 811D into the Taxes Consolidation Act 1997. These sections are replacements for the existing general anti-avoidance rule contained in sections 811 and 811A of the Taxes Consolidation Act 1997. The new provisions reformed and simplified the arrangements Revenue have to follow in order to challenge a...

Written Answers — Department of Finance: Motor Insurance (14 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 165 and 169 together. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation but am prohibited from interfering in the provision or pricing of insurance products. The EU framework for insurance expressly prohibits Member States from adopting rules which require...

Written Answers — Department of Finance: Universal Social Charge Data (14 Jun 2016)

Michael Noonan: I am advised by Revenue that the first and full year costs to the Exchequer of abolishing Universal Social Charge (USC) on all incomes up to €80,000 per year and applying USC to the amount above €80,000 where income exceeds €80,000 are estimated to be in the order of €1,988 million and €2,747 million respectively. These figures are estimates from the...