Results 3,981-4,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Cross-Border Co-operation (8 Jun 2016)

Michael Noonan: In response to the Deputy's question I would like to highlight that there are 18 bodies under the remit of my Department. I have been advised by those bodies that none has such Memorandums of Understanding with my counterpart in Northern Ireland.  I have no plans at this point in time to develop a Memorandum of Understanding with my counterpart in Northern Ireland and I have not carried...

Written Answers — Department of Finance: Property Tax Deferrals (8 Jun 2016)

Michael Noonan: I am advised by Revenue that direct contact has been made with the person concerned. Supporting documentation is now awaited so that entitlement for deferral from Local Property Tax (LPT) can be fully considered by Revenue.

Written Answers — Department of Finance: Home Repossessions (8 Jun 2016)

Michael Noonan: As the deputy will understand, it would be inappropriate for me to comment on individual cases, or to intervene in any dispute that remains the subject of ongoing legal proceedings. The Relationship Framework in place between the State and the institution concerned also ensures that I cannot interfere in the day to day running of that organisation. If the Deputy has...

Written Answers — Department of Finance: Banking Sector Data (8 Jun 2016)

Michael Noonan: As the deputy will be aware, I have no role in the day-to-day running of the banks in which the State is a shareholder. These institutions are run on an independent and commercial basis and the details of the formal relationship between my Department and these institutions are set out in the respective Relationship Framework Agreements, which can be found via the following links. AIB:...

Written Answers — Department of Finance: Ministerial Briefing (8 Jun 2016)

Michael Noonan: In response to Deputy McGrath's question, I would like to inform him that a briefing document was prepared by officials in the Department of Finance and was presented to both myself and the Minister of State. This document has been published on the Department of Finance website with some content redacted in line with the Freedom of Information Act, 2014. I have included a link...

Written Answers — Department of Finance: Data Collection (8 Jun 2016)

Michael Noonan: For my Department, this relates to statistics on the economy which, for the most part, are the responsibility of the CSO.  I understand that the Central Statistics Office (CSO) and the Northern Ireland Statistics and Research Agency (NISRA) work closely together on topics of common interest. This includes regular meetings and exchange of best practice on current methods for...

Written Answers — Department of Finance: Capital Allowances (8 Jun 2016)

Michael Noonan: I am informed by the Revenue Commissioners that as this scheme was only introduced in Budget and Finance Act 2012, and to qualify for the relief an individual must hold the property for seven years, it is not yet possible for any application to be made for relief under the scheme, nor is it possible to estimate how many applications will be made in the future.

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (8 Jun 2016)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) began lending in March 2015. Its goal is to increase the provision of funding to SMEs at a lower cost and on more flexible terms than has been available in recent times in the Irish Market. The SBCI channels its funds through lending partners known as on-lenders. The SBCI currently has three bank and three non-bank on-lending...

Written Answers — Department of Finance: Mortgage Lending (8 Jun 2016)

Michael Noonan: Primary responsibility for the broad scope of housing policy is a matter for my colleague Simon Coveney TD, Minister for Housing, Planning and Local Government.  He is developing an Action Plan for Housing and, having regard to the number of Departments and agencies which will have an involvement in that Plan, its formulation and implementation will be overseen...

Written Answers — Department of Finance: IBRC Liquidation (8 Jun 2016)

Michael Noonan: I am advised by the Special Liquidators of IBRC that all of the preferential creditor payments to former employees of IBRC have been processed for payment. I am advised that the unsecured creditor claims of former employees of IBRC are in the process of being adjudicated on by the Special Liquidators. Only valid and agreed unsecured creditor claims of former employees will rank for...

Written Answers — Department of Finance: Property Tax Exemptions (8 Jun 2016)

Michael Noonan: I am advised by Revenue that the property in question, in accordance with the Finance (Local Property Tax) (Amendment) Act 2015, qualifies for an exemption from Local Property Tax (LPT) on foot of pyritic damage. The property was accepted into the Pyrite Remediation Scheme on 1 April 2016 and is therefore eligible for the exemption for the next six years starting in 2017 and running until...

Written Answers — Department of Finance: Banking Sector Data (8 Jun 2016)

Michael Noonan: As the deputy is aware, EBS is a subsidiary of AIB, which it acquired in July 2011. Notwithstanding the State's shareholding in AIB, the deputy will understand that I have no role in the day-to-day to day management of either institution. All decisions on strategy or personnel are therefore solely a matter for the management teams of AIB and EBS. The arms-length relationship between the...

Written Answers — Department of Finance: Tax Relief Costs (8 Jun 2016)

Michael Noonan: A breakdown of the estimated cost of tax relief for dental expenses alone is not available. However, the cost of the claims for tax relief on health expenses, which includes medical and dental expenses, in 2014 (the most recent tax year for which data are currently available), is estimated to be in the order of €146 million. Figures in relation to previous tax years are...

Written Answers — Department of Finance: Mortgage Interest Rates (8 Jun 2016)

Michael Noonan: The Central Bank has informed me that it does not have a statutory role to prescribe the rates that mortgage lenders charge on their loans and have expressed reservations previously on being granted such powers. Accordingly, the Central Bank does not intend carrying out any such public consultation as mentioned in the Deputy's question. The Central Bank contend that a...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (8 Jun 2016)

Michael Noonan: The Deputy may be aware that a comprehensive review of the Employment and Investment Incentive (EII) and Seed Capital Scheme (SCS) was carried out by my Department in 2014. A public consultation was included as part of the process and a report of the review was published on the Department's website, which can be accessed at...

Written Answers — Department of Finance: Tax Relief Application (8 Jun 2016)

Michael Noonan: Tax relief in respect of health expenses is provided for in section 469 of the Taxes Consolidation Act 1997. Section 469 defines "health expenses" to mean "expenses in respect of the provision of health care [including] the services of a practitioner".  A practitioner is defined in the section as "any person who is (a) registered in the register established under section 43 of the...

Written Answers — Department of Finance: Pension Provisions (8 Jun 2016)

Michael Noonan: The State encourages individuals to put funds aside for their retirement by incentivising such savings through the tax system. Ongoing contributions to Revenue- approved pension schemes and personal pension plans are exempt from income tax (within limits) while the investment growth of such schemes and plans are also tax exempt. Retirement benefits are taxable at drawdown at normal retirement...

Written Answers — Department of Finance: International Bodies Membership (8 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 148 to 151, inclusive, together. Following a Government Decision of 15 December, 2015, that gave approval for a formal membership application to be made to the Asian Infrastructure Investment Bank (AIIB), I wrote to the Bank at the end of December, 2015, to notify it of Ireland's application for membership.  This is the process required for...

Written Answers — Department of Finance: EU Directives (8 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 152 and 153 together. The Mortgage Credit Directive was transposed into Irish law by the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 - SI 142 of 2016 (). The Member State discretions contained in the Directive were the subject of a public consultation process in Ireland and the submissions received in that process, together...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (8 Jun 2016)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) does not lend directly to SMEs. It uses a network of lending partners known as 'on lenders' to make its funds available to eligible businesses. The SBCI commenced lending via its initial on lending partners in March 2015.  To the end of December 2015, in the first 10 months of its operation, the SBCI has ensured...