Results 6,041-6,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Public Interest Directors (24 Sep 2015)

Michael Noonan: I can confirm for the Deputy that I have notified Bank of Ireland that my current intention is to appoint a replacement director in due course  to the board of Bank of Ireland, following the sad loss of Mr Joe Walsh. I am not in a position at this stage to give a specific date however.

Written Answers — Department of Finance: Bank Restructuring (24 Sep 2015)

Michael Noonan: The deputy may be aware that Permanent TSB  committed in the Restructuring Plan, details of which were announced by the Group on 9 April 2015, to dispose of the Irish Commercial Real Estate and the UK loan books. On 11 March 2015, the Group announced that it had agreed the sale of €1.5billion of non-core Irish Commercial Real Estate loans, in addition to GBP £2 billion...

Written Answers — Department of Finance: Tax Exemptions (24 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that in 2014 one donation was made under the provisions of Section 1003 of the Taxes Consolidation Act 1997. The donation consisted of two installations by Willie Doherty, entitled "Remains 2013" and "Ancient Ground 2011". These were valued at €160,000, resulting in a tax credit of €128,000. I am further advised by the Revenue...

Written Answers — Department of Finance: NAMA Assets Sale (24 Sep 2015)

Michael Noonan: Department of Finance records reflect that, since Parliamentary Question No. 27 of 4 February 2015, I have met with one US Private Equity firm, Cerberus, who may have had an interest in the sale of NAMA assets. This meeting was held on 19 March 2015. The meeting was also referenced in my previous response to the Deputy regarding Parliamentary Question No.293...

Written Answers — Department of Finance: Revenue Commissioners Investigations (24 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the remit of their Investigations and Prosecutions Division's Offshore Assets Group is to investigate the use of offshore accounts to evade or avoid tax and to ensure that any moneys owed, including interest and penalties, are recovered. Payments amounting to €9.46 million were received in 2014 as a result of the Group's work, and the...

Written Answers — Department of Finance: Departmental Staff Data (24 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they estimate that in the region of 1,300 staff will retire from their organisation over the next five years based on the current age profile.  Revenue's multi-annual pay ceiling for 2015-2017 provides for an annual average whole time equivalent (WTE) staff level of 5,874 while its current  whole time equivalent staff number is 5,744...

Written Answers — Department of Finance: Tax Yield (24 Sep 2015)

Michael Noonan: I am informed by the Revenue Commissioners that : In the year 2012, twelve individuals paid domicile levy. The total collected in that year was €2,078,163 and related to returns due for the tax years 2010 and 2011. In the year 2013, fourteen individuals paid domicile levy. The total collected in that year was €2,419,829 and related to returns due for the tax years 2010 to 2012....

Written Answers — Department of Finance: Tax Reliefs Cost (24 Sep 2015)

Michael Noonan: I take it that the Deputy is referring to the facility available under the Standard Fund Threshold (SFT) regime whereby individuals can seek a Personal Fund Threshold (PFT) in certain circumstances. The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes. Its purpose is to discourage over-funding and over-accrual of pension benefits through...

Written Answers — Department of Finance: Revenue Commissioners Audits (24 Sep 2015)

Michael Noonan: I want to say clearly at the outset that I consider that it would be entirely inappropriate for me to comment on any relationship between the Revenue Commissioners and an individual taxpayer or business. The Revenue Commissioners cannot, for reasons of taxpayer confidentiality, disclose details of or comment publicly on the specific affairs of any individual business or taxpayer and I think...

Written Answers — Department of Finance: Property Tax Exemptions (23 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that  Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for a temporary exemption of at least three years from the charge to Local Property Tax (LPT) for residential properties that have been certified under Regulations made by the Minister for the Environment, Community and Local Government (S.I. No 147 of 2013) as...

Written Answers — Department of Finance: Tax Data (23 Sep 2015)

Michael Noonan: I wish to inform Deputy that the European Parliament's TAXE Committee has not requested any documents from my Department or of the Revenue Commissioners. However, in April of this year, the Chairman of the Committee wrote to Ireland's Permanent Representative to the European Union requesting certain tax information concerning Ireland and I understand that a similar letter was issued to...

Written Answers — Department of Finance: Property Tax (23 Sep 2015)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 converted any arrears of Household Charge (HHC) that was still outstanding on 1 July 2013 to a Local Property Tax (LPT) liability of €200 per property and made Revenue responsible for collecting the tax. Prior to 1 July 2013 collection of HHC was the responsibility of the Local Government...

Written Answers — Department of Finance: VAT Rate Reductions (23 Sep 2015)

Michael Noonan: As the Deputy is aware, there are a number of VAT rates in operation in Ireland. I am advised by the Revenue Commissioners that information on estimated costs of changes to all of the VAT rates can be found in the pre-Budget 2016 Ready Reckoner on the Revenue Statistics webpage: . While the Ready Reckoner does not show all of the specific costings requested by the Deputy, other changes can...

Written Answers — Department of Finance: Financial Services Regulation (23 Sep 2015)

Michael Noonan: The Deputy will no doubt be aware that borrowers whose loans are sold are protected by the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 which was enacted in July this year. The purpose of the Act is to ensure that consumers retain the protections they had prior to the sale of their loan. The Act requires entities dealing with the consumer to be authorised by...

Written Answers — Department of Finance: Flood Risk Insurance Cover (23 Sep 2015)

Michael Noonan: In my role as Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation.  The provision of insurance cover, the level of premiums charged and the policy terms applied are a matter for individual insurers.  Insurance companies make commercial decisions on the provision of insurance cover based on their assessment of the...

Written Answers — Department of Finance: Tax Yield (23 Sep 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the annual yield from Vehicle Registration Tax in respect of new and used imported vehicles for the period 2004 to 2014 is as follows: Year New Vehicles Used Vehicles Total - €m €m €m 2004 889.3 56.7 946.0 2005 1,043.6 105.2 1,148.8 2006 1,135.1 152.3 1,287.4 2007 1,231.8 174.2 1,406.1 2008 927.4 193.4...

Written Answers — Department of Finance: Tax Reliefs Eligibility (23 Sep 2015)

Michael Noonan: Section 823A of the Taxes Consolidation Act 1997 provides for relief from tax on emoluments of certain individuals who are resident in the State for tax purposes but who spend significant amounts of time carrying out the duties of their employment in a relevant state, as defined in that section. It is not a requirement that an employee be employed by an Irish incorporated company in order to...

Written Answers — Department of Finance: Insurance Industry Regulation (23 Sep 2015)

Michael Noonan: In my role as Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation. The Central Bank of Ireland regulates non-life insurers; however, it does not approve car insurance premiums. 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...

Confidence in Taoiseach, the Attorney General and the Government: Motion (22 Sep 2015)

Michael Noonan: The interim report of the Fennelly commission has been published and the conclusions of the report are available for every Member and every member of the public to read. The great expectation from the Opposition to the effect that the report would confirm their versions of events has not materialised. The commission accepts that the Taoiseach did not intend to put pressure on the Garda...

Written Answers — Department of Finance: Departmental Schemes (22 Sep 2015)

Michael Noonan: I assume the Deputy is referring to the diesel rebate scheme. I introduced this scheme in 2013 to provide for repayments by the Revenue Commissioners to qualifying road transport operators of a part of the mineral oil tax paid on their purchases of auto-diesel for use in qualifying vehicles during the course of business. The scheme does not apply to marked gas oil, commonly called green...