Results 5,581-5,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Protected Disclosures in the Public Interest (10 Nov 2015)

Michael Noonan: On 30 June 2015 the Central Bank published a report on its website relating to the number of protected disclosures made to it and action taken in response for the period between 1 July 2014 and 30 June 2015. This is in line with the duties of public bodies under Section 22 of the Protected Disclosures Act 2014. That report noted the Central Bank had received one protected...

Written Answers — Department of Finance: Protected Disclosures in the Public Interest (10 Nov 2015)

Michael Noonan: Under Section 21 of the Protected Disclosures Act 2014, all public bodies must establish and maintain procedures for the making of protected disclosures by workers who are or were employed by the public body and for dealing with such disclosures. The Central Bank of Ireland is one such public body, and its internal procedures in this area contribute towards its good governance and...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (10 Nov 2015)

Michael Noonan: From 1969 to 2014, the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provided for the repayment of excise duty on fuel used by beneficiaries of the Scheme. Following a judgement of the Court of Justice of the European Union of April 2013, the repayment of excise element of the Scheme was found to be incompatible with the Energy Tax Directive. Following negotiations with...

Written Answers — Department of Finance: Tax Reliefs Eligibility (10 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a claim for capital gains tax relief may arise under section 538 of the Taxes Consolidation Act 1997 in respect of losses incurred by the owners of milk quotas as a result of the abolition of those milk quotas earlier this year where those milk quotas were purchased by the persons concerned. The allowable loss is the capital loss equivalent to...

Written Answers — Department of Finance: Tax Code (10 Nov 2015)

Michael Noonan: The purpose of the Travel Pass / Taxsaver scheme, introduced originally in Finance Act 1999, is to encourage greater use of public transport by providing an exemption from BIK (Benefit-In-Kind taxation) for employer-provided  travel passes. It is not intended simply as a  tax relief for travelling to and from work which would seem to be what the Deputy is requesting. I have no plans...

Written Answers — Department of Finance: Universal Social Charge Application (10 Nov 2015)

Michael Noonan: I announced a number of changes to the Universal Social Charge (USC) in my recent Budget speech which will apply to all income liable to the USC, including occupational pension income of retired pensioners. From the 1st of January next, the entry threshold to USC is being increased from €12,012 to €13,000, removing over 40,000 individuals from the scope of the charge entirely....

Written Answers — Department of Finance: Tax Code (10 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that there are no specific criteria which are  applied to a representative body in submitting a claim for a flat rate expense allowance. The key requirement is that a body must be representative of a particular sector or group of employees. The regime whereby representative bodies may submit a claim in respect of a large number of employees has...

Written Answers — Department of Finance: Tax Reliefs Availability (5 Nov 2015)

Michael Noonan: I assume that the Deputy is referring to tax relief in respect of the cost of employing a person to take care of an incapacitated individual.  I am advised by the Revenue Commissioners that Section 467 of the Taxes Consolidation Act 1997 provides tax relief for an individual in respect of the cost of employing a person (including a person whose services are provided by or through an...

Written Answers — Department of Finance: Personal Public Service Numbers (5 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the requirement for a Personal Public Service Number (PPSN) ensures that the aggregation of gifts and inheritances from different disponers, as required for the calculation of Capital Acquisitions Tax (CAT) liabilities, is correctly dealt with thereby ensuring that the correct reliefs are applied and the correct amount of tax is paid. As I...

Written Answers — Department of Finance: Departmental Staff Relocation (5 Nov 2015)

Michael Noonan: I wish to inform the Deputy that I am aware of five staff who have applied through the Human Resources Unit of my Department to be transferred to locations other than their present location. There are a few ways for staff to apply for a transfer to other Departments and Offices including applying directly to the Department/Office and applying for a...

Written Answers — Department of Finance: Tax Data (5 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the proportions of Income Tax, Universal Social Charge (USC) and the Income Levy collected for the years 2005 to 2014 and the projected proportion for 2015 and 2016, are set out in the following table. I am also advised that further statistics on total receipts by taxhead are available on the Revenue Statistics website: . Year Income Tax (%)...

Written Answers — Department of Finance: Pensions Levy Yield (5 Nov 2015)

Michael Noonan: The 2015 forecast for stamp duty receipts on the pension fund levy was €135 million. At end-October 2015, receipts amounted to €169 million, which equates to a €34 million surplus or 25 per cent increase against target. As the Deputy may be aware, the deadline date for payment of the stamp duty levy on pension fund assets was 25 September 2015.  Although,...

Written Answers — Department of Finance: Tax Reliefs Data (5 Nov 2015)

Michael Noonan: This scheme provides that first-time buyers who purchase or self-build a residential property between 14 October 2014 and 31 December 2017 may be entitled to claim a refund of DIRT which was deducted from interest earned on savings used for the purchase of the property in the 48 months prior to the purchase date or completion date if a self-build.  The relief is confined to DIRT...

Written Answers — Department of Finance: NAMA Loans Sale (5 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 92 and 106 together. I am advised by NAMA that a preferred bidder has been selected, Promontoria Holding 176 B.V., an affiliate of Cerberus Global Investors (Cerberus), for Project Arrow. The sales price is a matter for the parties to the sale and as I have previously stated, as Minister for Finance I do not have a role in individual NAMA sales and I...

Written Answers — Department of Finance: NAMA Legal Proceedings (5 Nov 2015)

Michael Noonan: I am advised that legal proceedings have been issued against NAMA or a NAMA group entity in 66 cases, of which 40 cases are ongoing. I am further advised that 26 cases have been completed. 25 of those completed cases resulted in a favourable outcome for NAMA whilst 1 case resulted in a partly favourable outcome for NAMA.

Written Answers — Department of Finance: Banking Sector Data (5 Nov 2015)

Michael Noonan: The Central Bank of Ireland's registers () record the credit institutions authorised under Irish legislation to carry on banking business in the State, and those credit institutions authorised in other Member States of the European Economic Area (EEA) to carry on business in the State without receiving further authorisation from the Central Bank of Ireland, pursuant to the terms of the EU...

Written Answers — Department of Finance: Banking Sector Data (5 Nov 2015)

Michael Noonan: The Central Bank of Ireland does not keep a record of the number of ATMs in Ireland. However, such data is available in the public domain on the website of Banking & Payments Federation Ireland (the representative body for the payments industry in Ireland) at the following link:. BPFI's most recent data shows there were 3,065 ATMs in the country in 2014. In 2011 there were 3,192.

Written Answers — Department of Finance: NAMA Operations (5 Nov 2015)

Michael Noonan: I have not sought or received an estimate of the potential impact on NAMA's activities of any possible rent control measures given that no such measures have been specified.

Written Answers — Department of Finance: State Banking Sector (5 Nov 2015)

Michael Noonan: I have not sought nor received an estimate of the impact from any possible rent control measures on the value of the Irish State's bank holdings. Given that no such measures have been specified, speculation on the impact of potential future rent policy would be premature. Nonetheless, it is the view of my officials that the relationship between rental market controls and the value...

Written Answers — Department of Finance: Government Expenditure (5 Nov 2015)

Michael Noonan: Governor Honohan, as is normal practice, provided me with his insights and advice on the Irish economy in advance of Budget 2016.  He rightly highlighted some of the key risks facing the economy, including any potential for mismanagement of the public finances and using once off revenues to underpin long term expenditure commitments.  I am, of course, conscious of these issues. ...