Results 4,001-4,020 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Vehicle Registration (8 Jun 2016)

Michael Noonan: I am advised by Revenue that, as a minimum, the documentation required to show a vehicle meets the criteria for the 13.3% vehicle registration tax rate depends on whether the vehicle is a new unregistered vehicle or if it is a previously registered vehicle. If the vehicle has not been registered previously in any jurisdiction, a 'type approval certificate' is the documentation...

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

Michael Noonan: In response to the Deputy's question I have provided a table which identifies the number of representations received from Members of the Oireachtas from 1 January 2015 to 30 April 2016.  As is evident from the figures a large number of representations were received and an acknowledgement/initial response to such representations are issued upon...

Written Answers — Department of Finance: Credit Union Services (8 Jun 2016)

Michael Noonan: In its Programme for Government, this Government is very clear on its support of the invaluable role of credit unions in Ireland and specifically supports credit unions moving towards more electronic and on-line services, including the rollout of debit cards and enhanced on-line financial services. My role as Minister for Finance is to ensure that the legal framework...

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

Michael Noonan: The Commission's proposed Anti-Tax Avoidance Directive was discussed at the Economic and Financial Affairs Council on 25 May 2016. The Directive was proposed by the European Commission in January 2016 and includes six significant corporate tax anti-avoidance measures.  Three of the measures derive from the non-binding elements of the OECD BEPS process, with the remaining three measures...

Written Answers — Department of Finance: Insurance Costs (2 Jun 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  The ability of the Government to influence insurance pricing is limited as insurance companies are required under European law to price in accordance with risk and neither I, nor the Central Bank of Ireland, have the power to direct insurance companies on the pricing or...

Written Answers — Department of Finance: Mortgage Lending (2 Jun 2016)

Michael Noonan: Both I and my Department maintain close and on-going contacts with the Governor and the staff of the Central Bank regarding all matters of mutual interest.   In relation to the up-coming review of the macro prudential measurers for residential mortgage lending, the Central Bank has informed me that this will take place later this year with publication expected in November....

Written Answers — Department of Finance: Insurance Costs (2 Jun 2016)

Michael Noonan: As Minister for Finance, I am concerned that there should be a stable insurance sector and that risks to policyholders and to the wider financial system are limited.  I am aware that the increasing cost of motor insurance has become an issue for a large number of households and businesses.  However, the ability of the Government to influence...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Jun 2016)

Michael Noonan: As the Deputy is aware, a Primary Medical Certificate is required to claim the tax reliefs provided under the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme.  The Senior Medical Officer for the relevant local Health Service Executive administrative area makes a professional clinical determination as to whether an individual applicant satisfies the medical criteria to...

Written Answers — Department of Finance: Tax Exemptions (2 Jun 2016)

Michael Noonan: I understand that the Deputy's question refers to the income tax exemption available under section 664 of the Taxes Consolidation Act 1997 (TCA) in respect of certain income derived by lessors from the leasing of farm land. The relief is available, subject to a maximum limit, where farm land is leased to a qualifying lessee for a period of 5 years or more. Farm land is defined for the...

Written Answers — Department of Finance: Insurance Coverage (2 Jun 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.   Insurance companies are not prohibited from extending insurance cover in cases where motorists have an Australian or International Driver's Licence.  However, the provision of insurance cover and the price at which it is...

Written Answers — Department of Finance: Mortgage Data (2 Jun 2016)

Michael Noonan: I propose to take Questions Nos. 138 and 140 together. The Central Bank has confirmed to me that it does not have a remit in regard to access to records.  Access rights under the Data Protection legislation are a matter for my colleague, the Tánaiste and Minister for Justice and Equality. As I have previously said, the sale of a loan from one entity to another does...

Written Answers — Department of Finance: Loan Books Purchasers (2 Jun 2016)

Michael Noonan: The sale of a loan from one entity to another does not change the terms of the contract or the borrower's rights and obligations under the original contract. The amount outstanding on the loan is not changed Generally speaking, the price paid for a portfolio to which a loan belongs is a matter of considerable commercial sensitivity and is not revealed in a manner which would allow...

Written Answers — Department of Finance: Mortgage Data (2 Jun 2016)

Michael Noonan: I am not aware of any protections that a residential mortgage holder has where their loan is owned by a regulated entity which would not be available where the loan is owned by a non-regulated entity. The Consumer Protection (Regulation of Credit Servicing Firms) Act, 2015 was introduced to fill the consumer protection gap where loans were sold by the original lender to an unregulated...

Written Answers — Department of Finance: Mortgage Data (2 Jun 2016)

Michael Noonan: I have been informed by the Central Bank of Ireland that, for confidentiality reasons, it is not in a position to provide this information by institution. The Deputy will be aware from my reply to his question 13438 earlier this week that the total number of mortgage accounts owned by non-banks for Principal Dwelling House and Buy to Let combined was 47,402 at end-2015.

Written Answers — Department of Finance: Property Ownership (2 Jun 2016)

Michael Noonan: The Central Bank publishes Residential Mortgage Arrears and Repossessions Statistics on a quarterly basis, however, neither the Bank nor my Department collate data on all vacant properties categorised by the requested cohorts. The Deputy will be aware that NAMA does not own residential property. Rather NAMA has acquired loans and its role is that of a lender with claims over...

Written Answers — Department of Finance: Mortgage Resolution Processes (2 Jun 2016)

Michael Noonan: The Code of Conduct on Conduct on Mortgage Arrears (which includes the Mortgage Arrears Resolution Process) and the Consumer Protection Code are issued under Section 117 of the Central Bank 1989. The Central Bank has the power to administer sanctions for a contravention of these Codes, under Part IIIC of the Central Bank Act 1942. This applies to all regulated entities operating...

Written Answers — Department of Finance: Local Authority Expenditure (2 Jun 2016)

Michael Noonan: Fiscal space is estimated using the Expenditure Benchmark.  The starting point for the Expenditure Benchmark calculations is General Government expenditure as per European System of Accounts 2010 (ESA 2010), which is the aggregate consolidated expenditure of the Central Government sub-sector and the Local Government sub-sector.  So Local Authorities expenditure is treated in...

Written Answers — Department of Finance: Credit Institutions Funding (2 Jun 2016)

Michael Noonan: The Government put €250 million into the Credit Institutions Resolution Fund which was established by section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (as amended) (2011 Act). The purpose of the Resolution Fund under the 2011 Act is to provide a source of funding for the resolution of financial instability in, or an imminent serious threat to...

Written Answers — Department of Finance: Tax Relief Data (2 Jun 2016)

Michael Noonan: I am informed by Revenue that 17 claimants availed of the relief in 2015 on a total of 7,023 hectolitres of beer produced in 37 qualifying microbreweries based in other Member States. These claimants are Irish-based traders who bring beer into the State from a variety of suppliers. Revenue advise me that while information on the number of other Member State microbreweries represented in the...

Written Answers — Department of Finance: Tax Relief Data (2 Jun 2016)

Michael Noonan: I am advised by Revenue that data relating to the Home Renovation Incentive (HRI) is available from the statistics section of the Revenue website at . Specifically, the most recently available information on the cost of the scheme is in the Tax Expenditures section of the page at . It should be noted that the value of the tax credits referred to therein is not reflective of the cost to the...