Results 641-660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: House Prices (4 Apr 2017)

Michael Noonan: While housing policy is primarily the responsibility of the Minister for Housing, Planning, Community and Local Government, my Department continues to monitor developments in the wider property market, including trends in house prices, on an ongoing basis as these issues can have spillover effects to the rest of the economy.  As part of the Rebuilding Ireland,...

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

Michael Noonan: This Government recognises that small businesses play a central role in the sustainable recovery of the Irish economy. To facilitate this, Government policy since 2011 has been focused on ensuring that all viable SMEs have access to an appropriate supply of credit facilities from a diverse range of bank and non-bank sources. In line with Action 62 of the APJ 2017, officials from my...

Written Answers — Department of Finance: House Prices (4 Apr 2017)

Michael Noonan: Although the Minister for Housing, Planning, Community and Local Government has overall responsibility for housing policy, my Department monitors developments in this area as clearly there are potential spillover effects to the rest of the economy. The recovery in the economy and the pick-up in employment over the last number of years has led to strong growth in the demand for...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (4 Apr 2017)

Michael Noonan: Government policy remains focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources. In this regard the Government has developed a number of initiatives to ensure that the supply of credit in the market is sufficient to meet the existing and future needs of SMEs. In line with Action 62 of the APJ 2017,...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (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: Tracker Mortgages (4 Apr 2017)

Michael Noonan: The Central Bank has indicated that the scope of the Tracker Mortgage Examination covers both contractual rights of and transparency of communications with tracker mortgage customers.  Issues in relation to margins will be dependent on contractual conditions, transparency and content of the documentation and disclosures made to individual customers concerned and, therefore, circumstances...

Written Answers — Department of Finance: Tracker Mortgages (4 Apr 2017)

Michael Noonan: I have received the following information in response to the Deputy's question: Permanent tsb Permanent TSB had the below tracker rates available to New Home Loan (PDH) customers on 1st January (2008 to 2013).  With regard to this the following should be noted: - Where a range of rates / margins is quoted this varied depending on loan circumstances (eg. Loan to Value (LTV) and / or Loan...

Written Answers — Department of Finance: Tax Yield (30 Mar 2017)

Michael Noonan: I am advised by Revenue that a breakdown of Capital Acquisitions Tax receipts, including the inheritance tax component, is available on the Revenue Statistics webpage at: for 2007 to 2016. For the years 2005 and 2006, receipts from inheritance tax were €196.6m and €299.3m respectively.

Written Answers — Department of Finance: Consumer Protection (30 Mar 2017)

Michael Noonan: The Financial Services Ombudsman (FSO) may investigate complaints in relation to any regulated Financial Service Provider. According to the Central Bank Act 1942 as amended, a regulated Financial Service Provider is defined as: "(a) a financial service provider whose business is subject to regulation by the Bank under this Act or under a designated enactment or a designated statutory...

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017)

Michael Noonan: I am advised by the Special Liquidators of IBRC that the population of sub-accounts identified as in-scope for review under the Direction from the Central Bank of Ireland to IBRC (in Special Liquidation) in relation to the tracker mortgage examination is circa 29,000. The review of these in-scope accounts is on-going and it is estimated to be completed in the coming weeks. It is...

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017)

Michael Noonan: I am advised by the Special Liquidators of IBRC that no customers have received redress at this point in time as a result of the Central Bank of Ireland tracker mortgage examination. The review of accounts which have been identified as in-scope as part of this examination is on-going and has not been finalised but is expected to be completed in the coming weeks. If detriment has...

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017)

Michael Noonan: I am advised by the Special Liquidators of IBRC that there are no legal actions against them in connection with the tracker mortgage examination.

Written Answers — Department of Finance: Financial Services Regulation (30 Mar 2017)

Michael Noonan: In relation to the Financial Services Ombudsman, Section 57CC of the Central Bank Act 1942 as amended provides that The Financial Services Ombudsman shall ensure that investigations are conducted in private. For this reason the FSO cannot comment on whether it has received a complaint from or against any particular person or entity, other than the publication of...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (30 Mar 2017)

Michael Noonan: The Framework for Conducting the Tracker Mortgage Examination (published in conjunction with the report providing a further update on the Examination of Tracker Mortgage Related Issues on 23 March) provides that in the course of the Examination, the lender is to determine whether or not in all circumstances it has complied with its consumer protection regulatory obligations arising pursuant...

Written Answers — Department of Finance: Insurance Costs (30 Mar 2017)

Michael Noonan: I understand following consultation with your office that the reference to "statistics produced by An Garda Síochána which have now been confirmed as being unreliable" relates specifically to the recent public revelation that the number of roadside drink-driving breathalyser tests undertaken nationally between 2011 and early 2016 have been exaggerated by the Garda Siochana. ...

Written Answers — Department of Finance: Tax Code (30 Mar 2017)

Michael Noonan: The Government profoundly disagrees with the European Commission's analysis in the Apple State Aid case. An appeal is therefore being brought before the European Courts.  Such an appeal takes the form of an application to the General Court of the European Union, asking it to annul the Commission's Final Decision.  The Attorney General prepared the legal grounds in support...

Written Answers — Department of Finance: VAT Yield (30 Mar 2017)

Michael Noonan: As I informed the Deputy in response to Parliamentary Question number 71 of 23 March 2017, on 1 January 2015 new EU VAT rules came into effect changing the place of supply in respect of all supplies of telecommunications, broadcasting and electronic (TBE) services to consumers, from the place where the supplier is located to the place where the consumer resides. The VAT Mini One Stop Shop...

Written Answers — Department of Finance: VAT Rate Application (30 Mar 2017)

Michael Noonan: The new EU VAT rules relating to the supply of telecommunications, broadcasting and electronic (TBE) services were introduced by Council Directive 2008/8/EC and Council Implementing Regulation (EU) No 1042/2013 and took effect from 1 January 2015. Under the new regulation, the applicable VAT rules on the supply of TBE services in intra-EU transactions are those in the Member State where the...

Written Answers — Department of Finance: Tracker Mortgages Data (30 Mar 2017)

Michael Noonan: The Central Bank of Ireland published a report providing a further update on the Examination of Tracker Mortgage Related Issues on 23 March. The report is the latest in a series of status updates since the Examination commenced and sets out the progress being made by lenders in completing the review. The report also sets out information on the Central Bank's enforcement powers and activity...

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017)

Michael Noonan: It is important to note that the Central Bank does not have the statutory power to compel lenders to implement redress and compensation programmes in respect of failures that occurred prior to the introduction of the Central Bank (Supervision and Enforcement) Act 2013. However, where customer detriment is identified, the Central Bank has advised that it has clearly articulated its...