Results 821-840 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Freedom of Information Requests (9 Mar 2017)

Michael Noonan: In response to the Deputy's question, my Department has not received any FOI requests that the Chief State Solicitor's Office have incurred expenses on dealing with for each of the past three years to date in 2017. No other legal costs have been incurred in relation to FOI requests within this time period. The Department's internal Legal Unit provides ad-hoc legal support to...

Written Answers — Department of Finance: Tax Credits (8 Mar 2017)

Michael Noonan: I am advised by Revenue that section 462B of the Taxes Consolidation Act (TCA) 1997 provides for the Single Person Child Carer Credit which is available to a single person who is the parent of a child or has the custody of and maintains a child who is living with him or her. Subsection 462B (1)(c)(i) TCA provides that where an individual is married the credit will not apply unless the parties...

Written Answers — Department of Finance: Pension Provisions (8 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 131 and 132 together. In Budget 2013 I indicated that tax relief on pension contributions would in future only serve to subsidise pension schemes that deliver income of up to €60,000 per annum. Extensive work was subsequently undertaken to consider the technical aspects of delivering on this Budget undertaking.  This work was of necessity based...

Written Answers — Department of Finance: Pension Provisions (8 Mar 2017)

Michael Noonan: Section 790AA of the Taxes Consolidation Act 1997 provides for the taxation of retirement lump sums, paid under various pension arrangements, that are above the specified tax-free limit of €200,000. Revenue has advised me that its records are not maintained in a manner that facilitates the provision of the information in the tranches requested by the Deputy. However, the following...

Written Answers — Department of Finance: Tax Credits (8 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 134 and 135 together. I have assumed for the purposes of this reply that the Deputy's questions refer to the Incapacitated Child Tax Credit. I am advised by Revenue that the trend in the number of claims, and associated costs, for the Incapacitated Child Tax Credit is available in the Costs of Tax Expenditures Table on the Revenue Statistics webpage at ....

Written Answers — Department of Finance: Tax Credits (8 Mar 2017)

Michael Noonan: I am advised by Revenue that the person concerned is, based on the information available to Revenue, paying the correct tax for 2017. The person was incorrectly granted an additional PAYE tax credit in 2016. This credit was correctly removed for 2017 resulting in an additional tax liability. A tax credit certificate issued to the person concerned on 12 December 2016 showing the correct...

Written Answers — Department of Finance: Help-To-Buy Scheme (7 Mar 2017)

Michael Noonan: I assume the Deputy is referring to the 2017 European Semester Country Report on Ireland, which was published on 22 February. In that document the European Commission acknowledged the work undertaken by the Government in addressing the current shortage of housing, including 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This comprehensive Action Plan takes a...

Written Answers — Department of Finance: Tax Reliefs Availability (7 Mar 2017)

Michael Noonan: The recently launched "Realising our Rural Potential: Action Plan for Rural Development" by the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs contains a detailed list of actions and priorities with a view to revitalising rural Ireland generally. This effort is being led by the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs in...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (7 Mar 2017)

Michael Noonan: The commencement date for the Help to Buy scheme of 19 July 2016 was chosen as it was the date of the launch of 'Rebuilding Ireland - Action Plan for Housing and Homelessness', in which the development of such a scheme for inclusion in the Budget was initially announced. The intention to backdate the scheme to this date was announced at that time with a view to avoiding any potential...

Written Answers — Department of Finance: Excise Duties Yield (7 Mar 2017)

Michael Noonan: I am informed by Revenue that the amount of Excise Duty and Carbon Tax collected on Light Oil, Heavy Oil, Liquefied Petroleum Gas (LPG) and Substitute Fuels for the years 2014 to 2016 is as outlined in the table that follows. Please note that 2016 data are provisional and may be subject to revision. Excise/Carbon 2014 €m 2015 €m 2016 €m Light Oil Excise Carbon...

Written Answers — Department of Finance: Mortgage Interest Rates (7 Mar 2017)

Michael Noonan: The issue of mortgage rates is a significant one for this Government. The Programme for a Partnership Government sets out a number of important and practical measures which can be taken to improve the position of mortgagors and in particular variable rate mortgage holders. Firstly, it wishes to promote competition in the supply of mortgage finance.  To...

Written Answers — Department of Finance: Credit Availability (7 Mar 2017)

Michael Noonan: As the Deputy is aware, small and medium sized businesses (SMEs), such as the construction sector firm in the details provided, play a central role in the sustainable recovery of the Irish economy.  Government policy is 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.  Section 3.5...

Written Answers — Department of Finance: Credit Availability (7 Mar 2017)

Michael Noonan: As the Deputy is aware, small and medium sized businesses (SMEs), including those in the construction sector, play a central role in the sustainable recovery of the Irish economy.  Government policy is 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. The Deputy will also be aware that in my role as...

Written Answers — Department of Finance: Tax Exemptions (7 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 150 and 151 together. I am advised by Revenue that initially an incomplete application under the Disabled Drivers and Passengers Scheme was received from the person concerned on 8 February 2017.  The required information has since been received and processing of the application is expected to be completed within the next week. 

Written Answers — Department of Finance: Public Relations Contracts Expenditure (7 Mar 2017)

Michael Noonan: I take it that the Deputy is referring solely to external public relations and not to advertising that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, etc. The use of external Public Relations consultants in respect of my Department in 2016 is...

Written Answers — Department of Finance: Help-To-Buy Scheme (7 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 153 and 159 to 162, inclusive, together. The Deputies will be aware that a two-stage process is employed for the Help To Buy (HTB) incentive, under which individuals submit an application for the incentive to receive an indication of the level of tax relief that may be available to them, and subsequently submit a claim for a tax refund. I am advised by Revenue...

Written Answers — Department of Finance: Brexit Issues (7 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 154 and 155 together. I am advised by the Revenue Commissioners, who are responsible for combating smuggling, that action against this criminal activity is, and will continue to be, a central element of their work, including in the context of Brexit.  The Government priorities for Brexit are clear:  minimising the impact on trade and...

Written Answers — Department of Finance: Capital Expenditure Programme (7 Mar 2017)

Michael Noonan: My Department monitors inflation across the economy on an ongoing basis, including in the construction sector.  For example, the National House Construction Cost Index, published by the Department of Housing, Planning, Community and Local Government, provides an indication of labour and material cost developments within the construction industry. The latest available figures suggest...

Written Answers — Department of Finance: Insurance Industry Regulation (7 Mar 2017)

Michael Noonan: Insurance guarantee schemes provide last-resort protection to policyholders and beneficiaries when insurers are unable to fulfil their contractual commitments.  They protect against the risk that claims will not be met in the event of a failure of an insurance undertaking.  Such schemes can offer protection by paying compensation to policyholders or beneficiaries, or by securing the...

Written Answers — Department of Finance: Insurance Industry Regulation (7 Mar 2017)

Michael Noonan: The ability for financial services entities such as insurance companies or investment firms to passport financial services is based on a collection of measures in EU law that describes how the EU fundamental freedoms operate in the context of financial services.  Once a financial services entity is authorised in one European Economic Area (EEA) Member State the financial services...