Results 8,781-8,800 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Insurance Industry (14 Jan 2015)

Michael Noonan: The Insurance Acts and Regulations require an undertaking to hold an authorisation if they wish to carry on insurance business, i.e. to operate as an underwriter rather than a distributor. An authorisation is required for all classes of insurance business, including the provision of home insurance.  Article 6 (1) of the European Communities (Non- Life Insurance) Framework...

Written Answers — Department of Finance: (14 Jan 2015)

Michael Noonan: On November 26th2012 a package of measures for Greece was agreed by euro zone finance ministers. This package is designed to help put the Greek economy on a path to sustainable growth and its domestic finances on a sound footing. This package was agreed in the context of the statement by Euro Area Heads of State or Government that the scale of the Greek problem is so large that it requires...

Written Answers — Department of Finance: Tax Code (14 Jan 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the taxable amount of rental income from the letting of property (whether in negative equity or otherwise) is the gross rent from the property less allowable expenses incurred in earning that rent, as specified in section 97(2) of the Taxes Consolidation Act 1997. The main deductible expenses are: - any rent payable by the landlord in the case...

Written Answers — Department of Finance: NAMA Portfolio (14 Jan 2015)

Michael Noonan: As the Deputy will be aware, upward movement in rents ultimately reflect the fact that there has been limited new residential supply coming to the market since 2007. Within the NAMA portfolio currently, approximately 9,000 properties are rented in the private residential rental market.  All completed residential stock within the portfolio is either currently occupied or is on the market...

Written Answers — Department of Finance: Personal Injury Claims (14 Jan 2015)

Michael Noonan: The situation around the Setanta liquidation is an evolving one and so I propose to set out the position as it currently stands:   The Insurance Compensation Fund (ICF) provides for payments to meet the liabilities of insolvent insurers in certain cases where it is unlikely that claims can be met otherwise than from the ICF.  Management and administration of the ICF is under the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 Jan 2015)

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

Written Answers — Department of Finance: Departmental Bodies Data (14 Jan 2015)

Michael Noonan: In response to the Deputy's question Sealuchais Árachais Teoranta (SAT) was established in 1985 to effect the state ownership of Icarom. Following the completion of the Icarom administration in 2013, wind up procedures began for Icarom. SAT formally completed its Voluntary Strike Off on 05 October 2014 and the company is now dissolved. SAT had no paid staff members. A&L Goodbody...

Written Answers — Department of Finance: Decentralisation Programme (14 Jan 2015)

Michael Noonan: The information requested by the Deputy is set out in the table below. Certain sections of my Department were decentralised to Tullamore, Co. Offaly in July 2006 and the travel costs and expenses are from that date. The travel to the base Department includes all my Department's offices in Dublin. Some functions and staff were transferred to the Department of Public Expenditure and Reform in...

Written Answers — Department of Finance: Mortgage Lending (14 Jan 2015)

Michael Noonan: As the Deputy will be aware, the consultation period on the Central Bank's macro prudential proposals for residential mortgage lending concluded on 8 December last.  My Department outlined its views on the proposals as set out in the Central Bank consultation paper and this submission is now available on Department's website:

Written Answers — Department of Finance: Economic Growth Rate (14 Jan 2015)

Michael Noonan: The most recent estimate by the CSO of gross domestic product at current market prices in 2013 is €174,791m. Nominal growth of one per cent is therefore equivalent to €1,748m in monetary terms.

Written Answers — Department of Finance: Universal Social Charge Application (14 Jan 2015)

Michael Noonan: It is not possible to answer the Deputy's question, as in its current form it is open to a series of interpretations. For instance the Deputy may wish to know the cost to the Exchequer from reducing, from 3% to 1.5%, the current USC surcharge which applies to that portion of self-assessed income over €100,000 per annum. Alternatively, he may be inquiring about the potential yield from...

Written Answers — Department of Finance: VAT Rebates (14 Jan 2015)

Michael Noonan: I am advised by the Revenue Commissioners that all VAT refunds due to the named individual have been made.  One VAT repayment was subjected to a routine check. Both refunds were made within the normal time frames as set out in Revenue's customer service standards.

Written Answers — Department of Finance: Tax Yield (14 Jan 2015)

Michael Noonan: I assume that the Deputy is referring to that amount of Income Tax collected from Schedule D taxpayers (self employed persons).  I am advised by the Revenue Commissioners that the net receipts of Income Tax collected from Schedule D taxpayers in 2013, the last year for which returns have been filed and fully processed, is shown on the Commissioners' statistics webpage at , under the...

Written Answers — Department of Finance: Consultancy Contracts Data (14 Jan 2015)

Michael Noonan: The information requested by the Deputy is in the table below: Action Plan for Jobs 2014 - - - Action 206 Survey the demand for SME Credit Public Procurement Guidelines Followed Cost Payee - -  -  Red C October 2013 - March 2014 Yes €58,978.50 Red C April 2014 - September 2014 Yes €58,978.50 - -  €117,957.00* * This amount of €117,957 is...

Written Answers — Department of Finance: Tax Compliance (14 Jan 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that PAYE Balancing Statements (P21) will issue to the person concerned shortly for the years 2012 and 2013.  Based on these statements the person concerned has overpaid tax and universal social charge for these tax years. Refunds of the amounts overpaid will be made to the person concerned shortly. The Revenue Commissioners do not...

Written Answers — Department of Finance: Property Tax Exemptions (14 Jan 2015)

Michael Noonan: I am advised by Revenue that there aretwo different types of relief from Local Property Tax (LPT) available in respect of properties that are occupied by disabled individuals. Section 10B of the Finance (Local Property Tax) Act 2012 (as amended) provides for a full exemption from LPT for properties occupied by individuals who are permanently and totally incapacitated to such an extent that...

Written Answers — Department of Finance: Inniúlacht sa Ghaeilge sa Stát Seirbhís (14 Jan 2015)

Michael Noonan: Ní gnách leis an Roinn seirbhísí a chur ar fáil don phobal go díreach. Mar sin féin, sa chás go bhfuil gá le haistriúchán agus nach bhfuil ball foirne atá inniúil i nGaeilge ag Rannóga, nó nach bhfuil an duine sin ar fáil, cuirfidh ball foirne ainmnithe ó Rannóg eile seirbhís ar fáil nuair is...

Written Answers — Department of Finance: Mortgage Interest Relief Application (14 Jan 2015)

Michael Noonan: Mortgage interest relief is available through the Tax Relief at Source (TRS) system. The relief is available at varying rates and ceilings in respect of interest paid on a loan used for the purchase, repair, development or improvement of a sole or main residence. The relief is available on qualifying home loans taken out on or after 1 January 2004 and on or before 31 December 2012, up to...

Written Answers — Department of Finance: VAT Rate Increases (14 Jan 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional increase in VRT and VAT on new registrations for 2014, compared to 2013, was €104m and €86m respectively. Those figures include the registrations of both new and used cars. The increase in VRT from new car sales was €88m while the increase in...

Written Answers — Department of Finance: Property Tax Collection (14 Jan 2015)

Michael Noonan: I am advised by Revenue that the credit card charge to which the Deputy refers is currently 1.1%, having been reduced from 1.49% with effect from 1 October 2014. The rate is calculated under the terms of a Local Government Management Agency (LGMA) tender process for Public Sector payments (not just Revenue payments). The charge, which is applicable to all tax payments made by credit cards,...