Results 7,321-7,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank of Ireland (19 May 2015)

Michael Noonan: I have been informed by the Central Bank that it investigates specific complaints made and, where appropriate, will exercise its discretion to pursue a case under the Administrative Sanctions Procedure or a summary criminal prosecution.  As to the question of how the Central Bank will exercise this discretion, the Central Bank has indicated that this will wholly depend on the...

Written Answers — Department of Finance: IBRC Operations (19 May 2015)

Michael Noonan: As explained to the Deputy in Parliamentary Question No. 30 of 7 May 2015, in order to protect the confidentiality of customer data, the integrity of the sales processes and the liquidation more generally, the Department of Finance and NAMA were not made aware of nor did they receive the independent valuations of the loan assets at either a portfolio or a loan level, nor have they been made...

Written Answers — Department of Finance: Financial Services Regulation (19 May 2015)

Michael Noonan: At present, the particular referenced firm is not regulated by the Central Bank. Unregulated entities that have acquired mortgage loan books are not subject to regulation by the Central Bank and are therefore not subject to the provisions of its Codes, such as the CCMA - though many such firms have stated that they will voluntarily comply with the CCMA. However, borrowers whose loans are...

Written Answers — Department of Finance: Tax Reliefs Application (19 May 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the Med 2 form contains details of the range of dental treatments that qualify for tax relief under section 469 of the Taxes Consolidation Act 1997. I am further informed that the Revenue Commissioners are currently reviewing this form to ensure that it accurately reflects the full range of expenses that may be claimed in relation to...

Written Answers — Department of Finance: Flood Risk Insurance Cover (19 May 2015)

Michael Noonan: I am very conscious of the difficulties experienced by householders and businesses that cannot get flood insurance. The issue of provision of new flood cover or the renewal of existing flood cover is a commercial matter for insurance companies, which is based on a proper assessment of the risks they are accepting.  I, as Minister for Finance, am not in a position to direct...

Written Answers — Department of Finance: Living City Initiative (19 May 2015)

Michael Noonan: The Special Regeneration Areas for the Living City Initiative were designated by the Minister for Finance following consultation with the relevant city councils and an independent review by a third party adviser. Specific criteria were set down in respect of the areas which should be included within the remit of the Living City Initiative which were required to be taken into account by the...

Written Answers — Department of Finance: Tax Code (19 May 2015)

Michael Noonan: Income from Community Employment Schemes is regarded as income for tax purposes and is therefore chargeable to PAYE income tax and PRSI. The appropriate Tax Credit of €3,300 has been granted to the person concerned. Participants in Community Employment Schemes are exempt from the Universal Social Charge (USC). It appears however that USC has been deducted from the income of the person...

Written Answers — Department of Finance: Credit Unions Services (19 May 2015)

Michael Noonan: 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 credit unions, to maintain sector stability and to protect the savings of credit union members. My role as Minister for Finance is to ensure that the legal...

Written Answers — Department of Finance: State Claims Agency (19 May 2015)

Michael Noonan: It is not the policy of the State Claims Agency (SCA) to appeal every decision of the High Court which is awarded against the State. The SCA, together with its lawyers, carefully considers the facts of any individual case, having regard to its particular liability and causation issues, prior to deciding on the merits of an Appeal, if any, to the Court of Appeal or Supreme Court. It is a...

Written Answers — Department of Finance: Departmental Legal Costs (19 May 2015)

Michael Noonan: As a register of the legal fees spent by the Department of Finance specifically in appealing decisions delivered by the High Court is not maintained, it has not been possible in the time available to collate all the information requested. However, the requested information will be collated and forwarded to the Deputy in writing.

Written Answers — Department of Finance: State Claims Agency (19 May 2015)

Michael Noonan: There are four cases currently under appeal to the Court of Appeal / Supreme Court, which have been taken by the State Claims Agency on behalf of the Health Service Executive. All of these cases are ongoing, and, as such, are yet to be determined by the Court of Appeal / Supreme Court.

Written Answers — Department of Finance: Property Tax Assessments (19 May 2015)

Michael Noonan: I am advised by Revenue that the €750 payment received in this case was allocated in the order of €200 to arrears of 2012 HHC, €112 to LPT 2013 (half year), €225 to LPT 2014 and the remaining balance of €213 to LPT 2015. The 2015 year still has an outstanding balance of €12 as there were insufficient funds left from the payment to fully meet the...

Written Answers — Department of Finance: IBRC Liquidation (19 May 2015)

Michael Noonan: Slide 61 of the Special Liquidators' Progress Update Report dated 12 March 2015, which is available on the Department of Finance website at , details the costs of the liquidation for the period 7 February 2013 to 31 December 2014. KPMG rates are based on NAMA negotiated rates for the relevant services. These rates were put in place following a competitive tender...

Written Answers — Department of Finance: Personal Public Service Numbers (19 May 2015)

Michael Noonan: I am advised that the Revenue Commissioners are, in certain limited circumstances, requesting those with PPS numbers similar to their spouses but ending with the additional letter W (i.e. 'W numbers') to have new PPS numbers issued to them by the Department of Social Protection (DSP).  The circumstances when a customer is asked by Revenue to get a new PPSN include, when they commence...

Written Answers — Department of Finance: Tax Credits (19 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they have not undertaken any exercise to estimate a projected cost of refundable tax credits or the cost to the Exchequer of establishing the necessary administrative system to facilitate the refund of tax credits. Any such exercise in estimation would be highly complex as it would involve assumptions about the manner in which such a system...

Written Answers — Department of Finance: Banking Sector Regulation (19 May 2015)

Michael Noonan: I have been advised by the Central Bank that at their request a voluntary redress scheme has been put in place in relation to card protection insurance provided by Homecare Insurance ltd (HIL) and purchased through a number of credit card providers. Customers who purchased or renewed a card protection policy, on or after 1 August 2006, provided by Homecare Insurance Ltd (HIL) and...

Written Answers — Department of Finance: Tax Reliefs Application (19 May 2015)

Michael Noonan: Persons who are married or in a civil partnership may have their liability to income tax assessed on the basis of separate or joint assessment. In these cases the personal tax credit and an element of the standard rate band can be transferred between spouses or civil partners as the case may be. Persons who are cohabiting, other than in a marriage or civil partnership, are treated for the...

Written Answers — Department of Finance: Tobacco Seizures (19 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of cigarettes and amount of tobacco seized by them in 2013, 2014 and 2015 (to 14 May), are as set out in the following table: 2013 2014 2015 (to 14/05/2015) Cigarettes 40.8m 53.4m 22.5m Tobacco 4,203 Kgs 9,823 Kgs 673 Kgs I am further advised that some 456 brands were found in product seized in 2013, 463 brands in 2014 and 316...

Written Answers — Department of Finance: Excise Duties Collection (19 May 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of excise receipts by category and by month from January 2013 to April 2015 is as shown in the following tables. Please note that the receipts shown for 2014 and 2015 are provisional and may be subject to revision. The "Other Excise" category includes Licences, Betting and Travel Tax. 2013 Alcohol Tobacco Oils Carbon VRT...

Written Answers — Department of Finance: Income Data (19 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is now available on the Commissioners' enhanced statistics webpage at . In particular, in response to the Deputy's Question, at detailed information is presented on the breakdowns of gross Income Tax and Universal Social Charge (USC) paid by income range. This information can be found under the heading...