Results 4,601-4,620 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: I am advised by the Central Bank that the portion of interest income relating to the Irish Government Bonds held as a result of the promissory note transaction which contributed to the Bank's overall surplus in 2013 and 2014 was €817.1m in 2013 and €859.4m in 2014. I am advised that the draft 2015 interest income earned relating to the Irish Government Bonds...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: I am advised by the Central Bank that the capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction in 2013 and 2014 amounted to €0.2m in 2013 and €717.9m in 2014.  These capital gains contributed to the Central Bank's overall surplus. I am advised that the draft 2015 capital gains arising from...

Written Answers — Department of Finance: Central Bank of Ireland Transactions (2 Feb 2016)

Michael Noonan: Subsequent to the liquidation of IBRC the Central Bank acquired €25bn of Floating Rate Notes (FRNs) and €3.46bn of Government Fixed Coupon 2025 Government bonds. The Central Bank indicated a minimum disposal schedule of €0.5 billion up to the end of 2014, €0.5 billion per annum 2015 to 2018, €1 billion per annum 2019 to 2023 and €2 billion per annum...

Written Answers — Department of Finance: State Investments (2 Feb 2016)

Michael Noonan: The current value of the State's remaining investments in the banks is shown in the following table.  Bank Investment Current value Source of valuation Allied Irish Banks Equity CoCo €11.7bn €1.6bn As agreed between the Minister and AIB as part of the bank's recent capital reorganisation. At par Bank of Ireland Equity €1.4bn ISE closing price 29th...

Written Answers — Department of Finance: Mortgage Arrears Rate (2 Feb 2016)

Michael Noonan: The monthly mortgage arrears data published by my Department is collected from the six main lenders (ACC, AIB, Bank of Ireland, KBC, Ulster Bank and PTSB) is on a national level and consequently no regional breakdown of this data is available. The Deputy will also be aware that the Central Bank of Ireland's (CBI) Mortgage Arrears and Repossession Statistics, published...

Written Answers — Department of Finance: Life Insurance Policies (2 Feb 2016)

Michael Noonan: If a consumer has made a formal complaint to the financial institution in question and is not satisfied with the outcome they may wish to refer the matter to the Financial Services Ombudsman to have it independently investigated.   The Financial Services Ombudsman Bureau was established under the Central Bank and Financial Services Authority of Ireland Act 2004. The Financial...

Written Answers — Department of Finance: Pensions Levy (2 Feb 2016)

Michael Noonan: I take it the Deputy is referring to the stamp duty levies applying to the assets of funded pension arrangements introduced in 2011 to pay for the Jobs Initiative, the chargeable persons for which are the trustees of pension schemes and others responsible for the management of pension fund assets. The original 0.6% stamp duty levy on pension fund assets ended in 2014. The additional...

Written Answers — Department of Finance: Appointments to State Boards Data (2 Feb 2016)

Michael Noonan: In response to the Deputy's query, please find in tabular form, the name of each appointee made; the date of appointment; whether or not each appointee came through an advertised public application process or otherwise, and the number of vacancies which presently exist on State Boards, in period March 2011 to date 2015.  I have included ex-officiomembers in the table...

Written Answers — Department of Environment, Community and Local Government: Motor Tax Yield (2 Feb 2016)

Michael Noonan: I am advised by the Revenue Commissioners that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Specifically, the most recently available LPT information, including LPT collected by Local Authority, is available at . The most recent statistics relate to October 2015, and I understand from the Revenue Commissioners that...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jan 2016)

Michael Noonan: I am advised by Revenue that a repayment will issue to the person concerned for years up to 2014 in the next week. A form on which to make a claim for 2015 has been sent to the person concerned and this will be processed when received by Revenue.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jan 2016)

Michael Noonan: My Department expects to make the first tranche of payments of the Disabled Drivers and Disabled Passengers Fuel Grant shortly in respect of applications made in the first three weeks of January 2016. My Department then expects to make payments every two weeks from the week beginning 1 February 2016. Many beneficiaries of the Fuel Grant will have applied online on 1...

Written Answers — Department of Finance: Insurance Costs (28 Jan 2016)

Michael Noonan: The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those risks. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the...

Written Answers — Department of Finance: Tax Code (28 Jan 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: Tax Code (28 Jan 2016)

Michael Noonan: I am not clear what arrangement the Question is referring to. The residence of a company is set down in statute and therefore no arrangement would be permitted in relation to any company. The Finance Bill 2014 amended the company residence rules such that from 01 January 2015 any company incorporated in the State will be Irish tax resident. This amendment brought Ireland's...

Written Answers — Department of Finance: Property Tax Administration (28 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 68 and 69 together. The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house is subject to LPT. The current valuation period is 1 May 2013 to 31 October 2019. The period was recently extended from 31 October 2016 on foot of legislative amendment (Finance...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: In Budget 2014 I announced that in conjunction with the Marine Co-ordination Group, a review of the financial and taxation supports available to the Marine Sector would be carried out to examine strategic measures that could be introduced to help Ireland as an island nation to fulfil its potential in the marine area. Phase 1 of this review involved an examination of the taxation supports...

Written Answers — Department of Finance: Fuel Rebate Scheme (28 Jan 2016)

Michael Noonan: I am advised by Revenue that the car details for the person concerned have been updated. The person concerned can now proceed to make a claim for the Fuel Grant.

Written Answers — Department of Finance: Departmental Funding (28 Jan 2016)

Michael Noonan: In response to the Deputy's question, the Minister for Public Expenditure and Reform, Mr Brendan Howlin, T.D., announced the Government's Capital Plan on 29 September 2015 which outlined Exchequer capital spending of €27 billion over the next six years. My Department does not have responsibility for allocating capital funding. However, as the Deputy will be aware, a range of projects...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: Under Section 257 of the Taxes Consolidation Act 1997 all deposit takers are obliged to deduct Deposit Interest Retention Tax (DIRT) from payments of interest made to an account unless the account qualifies as an exempt account. There is no specific exemption in the case of interest paid on deposit accounts held by children. Such a provision could be difficult and costly to administer, from...

Written Answers — Department of Finance: Tax Data (28 Jan 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the amounts raised under Mineral Oil Tax (Excise), Carbon Tax, Value Added Tax and Vehicle Registration Tax is as outlined below. VAT amounts are estimated as these figures are not recorded separately, and the 2015 data are provisional and subject to revision. Year - Petrol €m Diesel €m Auto LPG €m 2013 Excise 850.30...