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

Written Answers — Department of Finance: Financial Services Sector (4 Apr 2017)

Michael Noonan: At the outset, I would like to state that I have not discussed regulatory arbitrage at any meeting that I have attended and the topic has not been on the agenda of any meeting of EU Finance Ministers.  I also understand from the Department of the Taoiseach that regulatory arbitrage has not been discussed at the European Council, nor has it been on the agenda of any of the...

Written Answers — Department of Finance: Eurozone Issues (4 Apr 2017)

Michael Noonan: In an interview with Germany's Frankfurter Allgemeine Zeitung on March 20th 2017, Mr Dijsselbloem, President of the Eurogroup, was cited as saying "that wealthier northern European countries had showed solidarity with the south during the euro zone crisis by giving them financial aid. But whoever demands it, also has obligations. I can't spend all my money on liquor and women and then...

Written Answers — Department of Finance: Motor Insurance (4 Apr 2017)

Michael Noonan: The Report of the Review of the Framework for Motor Insurance Compensation in Ireland was published on 22 July 2016. This review was carried out jointly by the Department of Finance and the Department of Transport, Tourism and Sport and was approved by Government on 19 July 2016. The Report sets out an assessment of the current framework and makes recommendations to provide certainty...

Written Answers — Department of Finance: Economic Growth (4 Apr 2017)

Michael Noonan: In general, recent indicators have been very positive, indicating that the economic recovery is continuing at a robust pace. The preliminary estimate for full-year GDP growth in 2016 is 5.2 per cent based on National Accounts data for the fourth quarter of the year. Importantly, domestic demand made a strong positive contribution to growth in 2016 with consumption increasing by 3.0 per...

Written Answers — Department of Finance: NAMA Transactions (4 Apr 2017)

Michael Noonan: I do not propose to commission the review suggested by the Deputy.  NAMA is already subject to a substantial level of scrutiny from the Oireachtas and to audit by the Comptroller and Auditor General, including the C&AG's Section 226 review which I understand is currently underway. Nor do I propose to take any action with regard to NAMA's future sales activity.  As I pointed...

Written Answers — Department of Finance: Primary Medical Certificates Applications (4 Apr 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (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, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Carbon Tax Collection (4 Apr 2017)

Michael Noonan: The carbon tax is designed to treat all carbon emissions the same in order to ensure that it is fair and its application is as broad as possible to make certain its efficacy. The introduction of Carbon Tax was to send a price signal that there is a cost associated with the combustion of fossil fuels to the detriment of the environment. Ireland is legally bound to...

Written Answers — Department of Finance: Help-To-Buy Scheme (4 Apr 2017)

Michael Noonan: I assume that the Deputy is referring to a self-build residence and that by cost price he means the cost of building the residence. I am informed by Revenue that the loan-to-value ratio used under the scheme is calculated as the amount of the qualifying loan taken as a proportion of the purchase value of the self-build residence. The purchase value of a self-build property...

Written Answers — Department of Finance: Supreme Court Rulings (4 Apr 2017)

Michael Noonan: The Law Society v Motor Insurers' Bureau of Ireland (MIBI) case was heard by the Supreme Court of Ireland in October 2016.  The outcome of that case is currently awaited.  No date has been specified for the delivery of the judgment. As you are aware the judiciary are a separate and independent branch of the state and therefore the timing of the delivery of their decision...

Written Answers — Department of Finance: State Bodies (4 Apr 2017)

Michael Noonan: The NTMA has informed me that the preliminary unaudited value of investments by the Ireland Strategic Investment Fund in the aerospace and defence sub-industry as at 31 December 2016 is approximately €10.5 million.  The aerospace & defence sub-industry is the lowest level of sector breakdown available under the Global Classification and the Bloomberg Industry...

Written Answers — Department of Finance: State Bodies (4 Apr 2017)

Michael Noonan: As the Deputy is aware the Ireland Strategic Investment Fund ("ISIF") has a statutory mandate to invest on a commercial basis to support economic activity and employment in Ireland and is engaged in a strategy to sell its investments outside Ireland over time to fund Irish investment commitments as they arise.  The Fund's annual report for the year ended 31 December 2016, together with a...

Written Answers — Department of Finance: Credit Unions (4 Apr 2017)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Drugs Seizures (4 Apr 2017)

Michael Noonan: I am advised by Revenue that the values of the illegal drugs which have been seized by them in each of the past five years are set out in the table. The values are estimated at the time of seizure and before full forensic analysis is complete. Year Value of Illegal Drugs Seized €million 2012 49.3 2013 20.8 2014 91 2015 23.1 2016 30.5 Illegal drugs seized by Revenue's Customs...

Written Answers — Department of Finance: Tax Data (4 Apr 2017)

Michael Noonan: Based on the assumption that the Deputy is referring to the A4 band (111-120 g/km) and that the €30,000 price is inclusive of VRT and VAT, the cost of providing a full refund of VRT and VAT for the purchase of 1,000 vehicles would be in the region of €10 million. 

Written Answers — Department of Finance: Cáin Chorparáide (4 Apr 2017)

Michael Noonan: Tá an córas cáineach corporáide Éireannach trédhearcach. Tá sé bunaithe ar ráta príomha de 12.5% ar bhonn leathan le líon beag faoiseamh cánach atá ana-dhírithe. Mar sin, nil ach raon srianta caiteachais cánach corporáide in Éirinn. Tá siad seo dírithe ar chruthú postanna agus ar...

Written Answers — Department of Finance: Departmental Expenditure (4 Apr 2017)

Michael Noonan: As the Deputy may be aware, in line with the State agreements with AIB, all fees incurred by the State in relation to any capital transaction will be paid by the bank. Fees are only payable to the syndicate on the completion of a successful transaction, and are proportional to the value of the transaction. As such it is not possible to provide the exact quantum of fees that would be...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (4 Apr 2017)

Michael Noonan: I propose to take Questions Nos. 168 to 173, inclusive, and 192 together. I am advised by Revenue that the number of applications under the Help to Buy (HTB) incentive received up to the end of March 2017 is set out in the table. Application Stage Data No. of Applications Successful Applications Pending 4,698 1,206 3,492 The Deputies will be aware that a two-stage process is employed...

Written Answers — Department of Finance: Corporation Tax Regime (4 Apr 2017)

Michael Noonan: I assume that the Question is referring to comments made in a recent report published by Oxfam.  The report, and the figures it is based on, provide limited information on the nature of the activities that the companies concerned carry out in each country in which they operate.  Whether a company is correctly allocating profits among its activities is a...

Written Answers — Department of Finance: Financial Institutions Levy (4 Apr 2017)

Michael Noonan: In accordance with Section 126AA of the Stamp Duties Consolidation Act 1999, an annual levy was imposed on certain financial institutions for each of the years 2014, 2015 and 2016. The levy was charged at 35% of the Deposit Interest Retention Tax (DIRT) paid by a financial institution in 2011 and raised approximately €150 million annually for the Exchequer. In the case of a financial...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (4 Apr 2017)

Michael Noonan: I am advised by Revenue that an application under the Drivers/Passengers with Disabilities Scheme was received on 16 March 2017 from the person (details supplied).  The required Exemption Notification is available for download by the person concerned. The person concerned will need to register via the online service at www.revenue.ie(myAccount) if they have not already done so in order...