Results 5,721-5,740 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Excise Duties Yield (3 Nov 2015)

Michael Noonan: The amount of excise duty collected in 2014 was €5,134 million.

Written Answers — Department of Finance: Central Bank of Ireland (3 Nov 2015)

Michael Noonan: As the Deputy has not provided specific details of the allegations to which she refers, I cannot provide a full response to this question. The Protected Disclosures Act 2014 provides for redress for individuals who are penalised for making a protected disclosure. If a person believes that they have been penalised for such a disclosure, they are entitled to make a complaint to the Rights...

Written Answers — Department of Finance: Pensions Levy (3 Nov 2015)

Michael Noonan: The 0.15% stamp duty levy on pension funds will, as I have previously confirmed, cease at the end of 2015. As the relevant legislation - sections 125B (2) and 125B(3) of the Stamp Duties Consolidation Act 1999 - is time limited, it will expire automatically and no deletion will be necessary to effect the end of the levy.

Written Answers — Department of Finance: Ministerial Meetings (3 Nov 2015)

Michael Noonan: Firstly, as the Deputy knows, I have taken steps to ensure the banks provide options for mortgage holders to reduce their monthly repayments. Last May, I met the six main mortgage lenders, including AIB, and outlined my view that the standard variable rate being charged to Irish customers was too high. The banks agreed to review their rates and products and, by the beginning of July, to...

Written Answers — Department of Finance: Banking Sector Regulation (3 Nov 2015)

Michael Noonan: As the Deputy is aware, I met AIB and the other main Irish banks last September.  The primary purpose of these meetings was in relation to mortgage rates, but some other banking-related issues, including the Central Bank macroprudential measures for residential mortgage lending, were also raised.  In that regard, AIB provided me with an update on the roll out by...

Written Answers — Department of Finance: Public Sector Staff Career Breaks (3 Nov 2015)

Michael Noonan: I wish to inform the Deputy that the legislation in relation to career breaks is the Civil Service Regulation Acts 1956-2006. A career break consists of special leave without pay for a period of not less than six months and not more than five years if taken for reasons of family, domestic, travel or educational purposes. A limit of three years applies if availing of employment in the...

Finance (Miscellaneous Provisions) Bill 2015: Order for Second Stage (22 Oct 2015)

Michael Noonan: I move: "That Second Stage be taken now."

Finance (Miscellaneous Provisions) Bill 2015: Second Stage (22 Oct 2015)

Michael Noonan: I move: "That the Bill be now read a Second Time." I am pleased to present the Finance (Miscellaneous Provisions) Bill 2015 to the House. It should be noted that this Bill is very much of a technical nature and is designed primarily to address certain national and international obligations arising from a number of issues associated with the EU financial services legislative and...

Written Answers — Department of Finance: Primary Medical Certificates Provision (22 Oct 2015)

Michael Noonan: The Drivers and Passengers with Disabilities (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, assistance with fuel costs, and an exemption from Motor Tax. As the Deputy is aware, to qualify for the Scheme, an applicant requires a Primary...

Written Answers — Department of Finance: NAMA Property Sales (22 Oct 2015)

Michael Noonan: NAMA does not own or manage properties.  NAMA has acquired loans.  Its role in relation to properties is, like a bank, that of a secured lender.  I am advised by NAMA that, other than properties that have been enforced, all of which are managed by the appointed receiver/administrator, properties continue to be managed by their original owners.  These parties are...

Written Answers — Department of Finance: Universal Social Charge Yield (22 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 129 to 133, inclusive, together. I am advised by the Revenue Commissioners that, on the basis of my Department's projected forecast of €4 billion in Universal Social Charge (USC) receipts for 2016, the USC yield for the 1%, 3%, 5.5%, 8% and 11% rates is tentatively estimated to be in the order of €171 million, €213 million,...

Written Answers — Department of Finance: Tax Reliefs Data (22 Oct 2015)

Michael Noonan: Section 266A of the Taxes Consolidation Act 1997 provides for refunds of Deposit Interest Retention Tax (DIRT) for first-time buyers who purchase a house or apartment to live in as their home and excludes properties acquired for investment purposes.  It also applies to first-time buyers who self-build a home to live in. The scheme applies to properties purchased by first time buyers...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (22 Oct 2015)

Michael Noonan: Following discussions with the EU Commission with regard to the State Aid rules, a number of changes were made to the Employment and Investment Incentive via Financial Resolution taken on Budget night on October 13th last. That resolution also commenced the changes announced to the EII in last year's Budget and included in Finance Act 2014. The changes, inter alia, allow all...

Written Answers — Department of Finance: Redundancy Payments (22 Oct 2015)

Michael Noonan: Statutory redundancy payments payable under the Redundancy Payments Acts are exempt from income tax. In addition to statutory redundancy, individuals may receive ex-gratia or termination payments on leaving employment. Such payments are chargeable to tax but may qualify for certain exemptions provided for in section 201 of the Taxes Consolidation Act 1997 as follows: 1. A "basic exemption"...

Written Answers — Department of Finance: NAMA Housing Construction (22 Oct 2015)

Michael Noonan: Against a background of continuing dysfunctionality in the residential development market and a major supply shortage in urban areas, NAMA has undertaken to fund the delivery of 20,000 residential units over the next five years in so far as that can be done on commercially viable basis.  The issue of State aid does not arise. NAMA will be providing funding to debtors...

Written Answers — Department of Finance: Tax Yield (22 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the Vehicle Registration Tax in respect of new vehicles in the period 1 January to 30 September 2015 and the corresponding periods for the years 2012 to 2014 are shown in the following table. Year €m Jan to Sep 2012 282.9 Jan to Sep 2013 303.2 Jan to Sep 2014 400.0 Jan to Sep 2015 523.3

Written Answers — Department of Finance: Tax Code (22 Oct 2015)

Michael Noonan: The Drivers and Passengers with Disabilities (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, assistance with fuel costs, and an exemption from Motor Tax. As the Deputy is aware, to qualify for the Scheme an applicant must have a permanent...

Written Answers — Department of Finance: Alcohol Sales Legislation (22 Oct 2015)

Michael Noonan: Alcohol is a controlled substance and any person wishing to sell alcohol requires a licence to do so, either via the on-trade or the off-trade.  Licensed premises have a graduated licence duty fee structure based on turnover, with a total of six bands ranging from €250 to €3,805. The costs of these licences are unchanged since 1992. Overall, the licence fee is...

Written Answers — Department of Finance: Financial Institutions Levy (22 Oct 2015)

Michael Noonan: Every year, in order to cover the costs of financial regulation, the Central Bank prescribes levies to be paid by entities subject to such regulation. The Central Bank had briefed industry representatives in August that it was proposing significant increases in those levies in 2015. The proposed increases were driven by a proliferation of legislative regulation and...

Written Answers — Department of Finance: Tax Code (22 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that, following notification to them of a change in employment rather than the start of an additional employment by the person concerned, an amended tax credit certificate will issue shortly to the person concerned and to their new employer. This certificate will reflect the tax credits, including the single person child carer credit, to which she is...