Results 681-700 of 27,019 for speaker:Michael Noonan

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: May I have an extra two minutes, with the permission of the House?

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I thank my colleagues very much. It is fashionable to criticise NAMA. It is particularly fashionable for certain developers and their camp followers to do so. I noted further criticism of NAMA in a Sunday newspaper last weekend. Before Members accept as fact this seriously flawed analysis, they should read in full NAMA's rebuttal, which is available on its website. I want to touch...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I move:That Dáil Éireann shall consider the Report of the Committee of Public Accounts entitled Examination by Committee of Public Accounts of NAMA’s Sale of Project Eagle, copies of which were laid before Dáil Éireann on 15 March 2017. I thank the Chairman of the Committee of Public Accounts for presenting this report to the Dáil today and the committee...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (29 Mar 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides repayment or remission of VAT and Vehicle Registration Tax (up to a certain limit) on the purchase of an adapted car or vehicle for the transport of a person with specific severe and permanent physical disabilities, exemption from motor tax in respect of that vehicle, and a fuel grant (up to a certain limit). ...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (29 Mar 2017)

Michael Noonan: I am informed by the Medical Board of Appeal that as of March 2017, there are 278 appeals active at the Disabled Drivers Medical Board of Appeal.  There has been a recent upsurge in the number of appeals to the DDBMA. The DDBMA, within its functions, has the facility to deal with waiting lists by holding extra hearings.  I am aware that extra hearings were held...

Written Answers — Department of Finance: Pension Levy Yield (29 Mar 2017)

Michael Noonan: I am informed by Revenue that the yield and the Budget estimates from the Stamp Duty levy on pension schemes for all relevant years is as set in the following table.  Year Yield €m Budget Estimate €m 2011 463 470 2012 483 463 2013 535 482 2014 743 670 2015 169 148 Total 2,393 2,233 The Stamp Duty levy on pension schemes was introduced in 2011 to pay for the Jobs...

Written Answers — Department of Finance: Bank Branch Closures (29 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 77 to 81, inclusive, together. I note with regret that Ulster Bank is closing a significant number of branches with considerable negative impacts on both staff and customers alike. That said, the bank's continued commitment to the Irish market is to be welcomed. Officals of the bank briefed my officials on this issue last week. I understand that...

Written Answers — Department of Finance: Departmental Contracts Data (29 Mar 2017)

Michael Noonan: In response to the Deputy's question, I am advised that my Department has not hired any private investigation firms in the past five years and to date in 2017.

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (28 Mar 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 have a permanent and severe physical...

Written Answers — Department of Finance: NAMA Property Sales (28 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 99 and 138 together. The Deputy will be aware that I and my Department refute absolutely any claims that I and my officials acted inappropriately, procedurally or otherwise, in meeting with Cerberus in March 2014. I would refer the Deputy to my response to Parliamentary Question 115 of 16 February 2016 where I outlined my views on the...

Written Answers — Department of Finance: NAMA Property Sales (28 Mar 2017)

Michael Noonan: The Deputy will be aware that Statements on the Establishment of Commission of Investigation into NAMA were taken in this House on Wednesday, 1 February 2017. As indicated on that occasion, the sensible course of action was to wait for the publication and consideration of the Public Accounts Committee's ("PAC") report before deciding on next steps.  The Deputy will be...

Written Answers — Department of Finance: Financial Services Ombudsman (28 Mar 2017)

Michael Noonan: The Financial Services Ombudsman has provided me with the following data: 2008 2009 2010 2011 2012 2013 2014 2015 2016 Number of complaints received 5947 7619 7230 7287 8135 7722 4477 4872 4513 Findings Upheld 417 915 442 361 302 202 147 140 101This information is available in Annual Reports and Annual Reviews on the Financial Services Ombudsman's website at .(The 2016 figures are due...

Written Answers — Department of Finance: Tax Yield (28 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 102 and 108 together. In regards to Question 14874/17, I am advised by Revenue that the Local Property Tax (LPT) is forecast to collect €460 million in 2017. These receipts would be lost if LPT was abolished. It should be borne in mind that under the fiscal rules of the preventive arm of the Stability and Growth Pact, this policy choice would use...

Written Answers — Department of Finance: Tax Reliefs Data (28 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 103 to 105, inclusive, together. In relation to Questions 14869/17 and 14871, I am advised by Revenue that a post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at the link: . Page 11 of this Ready Reckoner shows estimated cost or yield from changing either (i) the maximum tax relief available on private pension contributions...

Written Answers — Department of Finance: Tax Yield (28 Mar 2017)

Michael Noonan: I am advised by Revenue that Revenue's Comprehensive Review of Expenditure 2014 estimated that by increasing audit staffing resources by c.100 staff an additional exchequer yield of €50m per annum could be achieved. On this basis it is estimated that by increasing audit staffing resources by c.125 staff an additional exchequer yield of €62.5m per annum could be achieved. It...

Written Answers — Department of Finance: Mortgage Interest Relief Data (28 Mar 2017)

Michael Noonan: I am informed by Revenue that it does not currently require rental income to be returned in a manner that would enable private residential rental accommodation income, reliefs and allowances to be separately identified from income, reliefs and allowances in respect of commercial rental property. I assume that the cases the Deputy is suggesting would be excluded from the proposed...

Written Answers — Department of Finance: Tax Data (28 Mar 2017)

Michael Noonan: The carryover cost in 2018 of tax measures introduced in Budget 2017 was estimated to be in the region of €170 million. It is important to point out that the exact impact of carryover will be reviewed as part of the normal Budgetary process, as there are a lot of moving parts to be considered, such as economic growth, take up of various schemes and specific tax...

Written Answers — Department of Finance: Tax Exemptions (28 Mar 2017)

Michael Noonan: I am advised by Revenue that, as tax returns do not provide a basis for compiling separate estimates of the amount of Capital Gains Tax liability associated with passive and active activity, there is no basis on which Revenue could provide the information requested by the Deputy. 

Written Answers — Department of Finance: Tax Yield (28 Mar 2017)

Michael Noonan: I am informed by Revenue that the yield from applying a 3% betting duty on remote and in shop bets is estimated at €150m in a full year. The additional yield from increasing the commission based tax on betting intermediaries to 20% and to 30% is estimated at €0.6m and €1.9m respectively in a full year. These estimated yields are based on the assumption of no change...

Written Answers — Department of Finance: Tax Yield (28 Mar 2017)

Michael Noonan: I am informed by Revenue that estimates for the yield from changes in duties on tobacco are included in the Ready Reckoner (page 22) on the Revenue statistics webpage: . These estimates assume pro-rata increases in other tobacco products.