Results 801-820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Primary Medical Certificates (9 Mar 2017)

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

Written Answers — Department of Finance: Social and Affordable Housing Funding (9 Mar 2017)

Michael Noonan: As the Deputy will be aware, in line with Rebuilding Ireland commitments, the National Treasury Management Agency (NTMA), the Ireland Strategic Investment Fund (ISIF) and a number of key Government Departments are examining the feasibility of establishing a funding vehicle, in conjunction with the private sector, which could facilitate investment in social and affordable...

Written Answers — Department of Finance: State Claims Agency (9 Mar 2017)

Michael Noonan: As the Deputy will be aware, the NTMA is designated as the State Claims Agency (SCA) when performing the claims management and risk management functions designated to it under the National Treasury Management Agency Act 1990, as amended. In answer to the Deputy's question, I refer to the material provided by the SCA and which is outlined below. The material provided by the State Claims Agency...

Written Answers — Department of Finance: Tax Code (9 Mar 2017)

Michael Noonan: The Deputy asked about the the capital gains tax (CGT) reliefs under Section 599 (Disposals within family of business or farm) of the Taxes Consolidation Act 1997. More specifically, in the details supplied, he asked why it is that under Section 599 those aged 55-65 pay no CGT if transferring qualifying assets to their children, or to a niece or...

Written Answers — Department of Finance: Insurance Costs (9 Mar 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Finance: Insurance Coverage (9 Mar 2017)

Michael Noonan: I am conscious of the difficulties that the absence of flood cover can cause to householders and businesses alike.  However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which has to be based on a proper assessment of the risks they are accepting.  This assessment will in many...

Written Answers — Department of Finance: Banking Sector (9 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 87 and 88 together. The Ireland Strategic Investment Fund (ISIF) holds the AIB shares on behalf of the State. Dividend payments are therefore made to the ISIF. Payments from the ISIF to the Exchequer arising from the proceeds of the disposal of the State's shareholdings in the Banks are provided for under the NTMA (Amendment)...

Written Answers — Department of Finance: VAT Yield (9 Mar 2017)

Michael Noonan: I am advised by Revenue that data in relation to VAT receipts from January and February 2017 are still being processed, and in many cases returns in relation to payments for this period are not yet due to be filed. It is therefore not possible to provide the full detail requested by the Deputy. However, at end-February 2017, €2,816 million was paid into the Exchequer in...

Written Answers — Department of Finance: Financial Services Regulation (9 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 90 to 94, inclusive, together. I am confident that legislative changes since the financial crisis have equipped the Central Bank with an array of investigative, regulatory and enforcement powers to ensure that regulated financial service providers adhere to the requirements of financial services legislation.  These changes include significantly...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (9 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 95 and 96 together. I am advised by Revenue that, since my Financial Statement to the House on 11 October 2016, 20 qualifying disclosures relating to offshore matters have been received, resulting in settlements amounting to €205,012 in tax, interest and penalties. The intention to make a disclosure has been indicated to Revenue in two other cases,...

Written Answers — Department of Finance: Tax Data (9 Mar 2017)

Michael Noonan: Revenue has advised me that its records are not maintained in a manner that facilitates the compilation of the information requested by the Deputy. The broad range of bodies and extended timelines included in the Question would require very extensive manual data extraction, which Revenue could not guarantee to be fully inclusive or accurate.

Written Answers — Department of Finance: Tax Code (9 Mar 2017)

Michael Noonan: The Domicile Levy was introduced in the 2010 Finance Act and is payable on or before 31 October in the year following the valuation date on a self-assessment basis. For example the due date in respect of 2010 was 31 October 2011. The valuation date is 31 December each year. The table sets out the number of persons who have filed Domicile Levy returns and the amount collected since...

Written Answers — Department of Finance: Help-To-Buy Scheme (9 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 99 and 100 together. I am advised by Revenue that the number of builders that have applied to be registered as qualifying contractors is 205, as at 7 March 2017. The number of builders that have been approved as qualifying contractors, and whose details are published on the Revenue website, is 115. Furthermore, the number of Help To Buy (HTB) applications...

Written Answers — Department of Finance: Tax Code (9 Mar 2017)

Michael Noonan: Following clarification with the Deputy's office, I understand that his query relates to the number of persons that were in a position to benefit from the earned income credit (EIC) in 2016. I am advised by Revenue that income tax returns in respect of 2016 are not yet available.  Prior to the announcement of the introduction of the EIC in Budget 2016, it was estimated that, based...

Written Answers — Department of Finance: Tax Yield (9 Mar 2017)

Michael Noonan: In the 2016 Finance Act I introduced provisions to address concerns raised in both the media and the Dáil regarding the use of section 110 companies and certain Irish collective investment vehicles by international investors to minimise their tax payments on Irish property transactions. In relation to Section 110 companies the amendments made in Finance Act 2016 will ensure that tax...

Written Answers — Department of Finance: Tax Code (9 Mar 2017)

Michael Noonan: I am advised by Revenue that Section 86 of the Capital Acquisitions Consolidation Act 2003 provides for an exemption from capital acquisitions tax in relation to gifts and inheritances of dwelling houses in certain circumstances. This exemption is referred to as the "dwelling house exemption". In Section 52 of Finance Act 2016, I made changes to this exemption with respect to gifts or...

Written Answers — Department of Finance: Revenue Commissioners Investigations (9 Mar 2017)

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality and in accordance with Section 851A of the Taxes Consolidation Act 1997, they are precluded from commenting on the tax affairs of any particular taxpayer.

Written Answers — Department of Finance: Legislative Process RIA (9 Mar 2017)

Michael Noonan: Further to Parliamentary Question No. 56 of 2017, the details of each Bill which underwent a Regulatory Impact Analysis and which was subsequently published, for the period of 2011 to 2016, are set out in the table. - Name of Bill Date Bill Published 1. Central Bank (Supervision and Enforcement) Bill 2011 26 July 2011 2. Fiscal Responsibility Bill 2012  16 July 2012 3. Credit...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (9 Mar 2017)

Michael Noonan: The UK referendum on EU membership has led to significant fluctuations in the value of Sterling against the euro and this presents challenges for exporting Irish SMEs, in particular, those that export primarily to the UK. As the Deputy will be aware, it is likely that the recent exchange rate movements may signal a longer term, rather than cyclical, change in the value of Sterling....

Written Answers — Department of Finance: Insurance Coverage (9 Mar 2017)

Michael Noonan: I am aware of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years in order to minimise this likelihood. However, the provision of insurance cover and the price at which it is...