Results 1,021-1,040 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am advised by Revenue that the available data from 2007 to 2016 in respect of Stamp Duty on share transactions are in respect of all share transactions (separate information on receipts from Irish Stock Exchange transactions is not available) and the data can be found on the statistics webpage of the Revenue website at.

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

Michael Noonan: I am informed by Revenue that the 2016 receipts from Traditional Betting (instore), Remote Betting (online) and Betting Intermediary Duty on Commissions are as follows. It should be noted that these figures are provisional in nature and may be subject to revision. - Traditional Betting Remote Betting Betting Intermediary Commissions Total - €m €m €m €m 2016...

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

Michael Noonan: I am informed by Revenue that due to their obligation to observe the confidentiality of taxpayers' information and the low number of REITS currently operating here, it is not possible to provide the information requested by the Deputy.

Written Answers — Department of Finance: Tax Reliefs Application (28 Feb 2017)

Michael Noonan: I assume the Deputy is referring to what is known as the flat rate expense regime. Under that regime, representatives of different categories of workers negotiate with Revenue for an entitlement to an expense deduction where the expense is wholly, exclusively and necessarily incurred in the performance of the duties of an office or employment. The regime has been developed over many years...

Written Answers — Department of Finance: State Banking Sector (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 263 and 264 together. As requested by the Deputy the following tables set out the proceeds from the disposal/redemption of bank investments, and income received from bank investments, since 2010. Table 1: Proceeds from disposal/redemption of investments in the banks: Year Transaction AIB BOI PTSB Total 2010 Cancellation of preference share warrants...

Written Answers — Department of Finance: Home Repossessions Rate (28 Feb 2017)

Michael Noonan: The Central Bank publishes mortgage arrears data on a quarterly basis. The next release is due in mid-March 2017 and will cover Quarter 4 of 2016. In the normal course of events it is expected that the Quarter 1 2017 data for 2017 will be published in June 2017. The most up to date information on repossessions published by the Central Bank is contained in the Residential Mortgage...

Written Answers — Department of Finance: Home Repossessions Rate (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 267 and 269 together. The Deputy will be aware that Regulated financial services providers are subject to the Central Bank Code of Conduct on Mortgage Arrears (CCMA). The CCMA provides a strong consumer protection framework to ensure that each borrower who is struggling to keep up mortgage repayments is treated in a timely, transparent and fair manner...

Written Answers — Department of Finance: Home Repossessions (28 Feb 2017)

Michael Noonan: The most up to date information on repossessions published by the Central Bank is contained in their publication for quarter 3 of 2016 on Residential Mortgage Arrears and Repossessions Statistics . There were 640 Buy-to-Let (BTL) properties in the banks' possession at the beginning of Quarter 3 of 2016.  A total of 288 properties were taken into possession by lenders...

Written Answers — Department of Finance: Mortgage Interest Rates (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 270 and 271 together. The issue of standard variable mortgage rates is a significant one for this Government and it has made it clear that it is not acceptable for lenders to charge excessive rates on such mortgages. The Programme for a Partnership Government, therefore, sets out a number of important and practical measures which can be taken to improve...

Written Answers — Department of Finance: Construction Industry (28 Feb 2017)

Michael Noonan: Over the last number of years, the construction industry, like many parts of the economy, has gone through a period of deleveraging. According to the Central Bank's Credit, Money and Banking Statistics, outstanding loans have fallen from a peak of over €10.28 billion in December 2007 to €1.14 billion in September 2016. Although this process of deleveraging continues, the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (28 Feb 2017)

Michael Noonan: As the Deputy is aware, supporting SMEs, including those in the farming community, in terms of access to finance has been a cornerstone policy for Government in our efforts to rebuild the economy and bring back jobs. In terms of monitoring the working capital requirements for SMEs, my Department commissions biannual surveys to ascertain the demand for credit by SMEs. This survey series, most...

Written Answers — Department of Finance: Credit Availability (28 Feb 2017)

Michael Noonan: As the Deputy will be aware that in my role as Minister for Finance I have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. This includes decisions in...

Written Answers — Department of Finance: Bank Charges (28 Feb 2017)

Michael Noonan: All credit institutions in Ireland are independent commercial entities. I, as Minister for Finance, have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995, as amended, requires that credit institutions, prescribed credit institutions and bureaux de change must make a submission to the Central Bank if they wish to...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (28 Feb 2017)

Michael Noonan: As the Deputy is aware, small and medium sized businesses 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 Minister for Finance I have no direct function in the...

Written Answers — Department of Finance: Bank Branch Closures (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 279 and 280 together. As the Deputy is aware the relationship between the Minister for Finance and the banks in which the State is a shareholder are governed by Relationship Frameworks which can be found on my Department's website. In accordance with these Relationship Frameworks the Minister for Finance has no direct function in commercial...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (23 Feb 2017)

Michael Noonan: The legislation setting out the payment provisions for the Help to Buy incentive is contained in Section 477C (16) of the Taxes Consolidation Act 1997. Claimants are required to complete a two-stage online process; an application and then a claim. First-Time Buyers under the Help to Buy incentive fall into 3 categories as follows:- 1. Claimants who have contracted to purchase, or...

Written Answers — Department of Finance: Public Private Partnerships (23 Feb 2017)

Michael Noonan: I am informed by my colleague the Minister for Public Expenditure and Reform, who has responsibility for national policy on Public Private Partnerships (PPPs), that PPPs offer an alternative model for delivering infrastructure that can be effective in particular circumstances. He adds, however, that the long-term nature of the financial commitments arising under PPPs require that the use of...

Written Answers — Department of Finance: European Fund for Strategic Investments (23 Feb 2017)

Michael Noonan: The repayment of EFSI loans, entered into by the State, constitutes general government expenditure and, therefore, needs to be taken into account from a fiscal rules perspective. I want to assure the Deputy that the Government is fully aware of the importance and need for capital investment and is implementing a number of measures to provide additional public infrastructure. For...

Written Answers — Department of Finance: Revenue Commissioners Legal Cases (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 117 and 118 together. It is an offence, under section 1078(2)(a) of the Taxes Consolidation Act 1997, to knowingly or wilfully deliver an incorrect return, statement or accounts or knowingly or wilfully furnish any incorrect information in connection with any return. I am advised by the Revenue Commissioners that, between the years 2007 and 2016,...

Written Answers — Department of Finance: Corporate Governance (23 Feb 2017)

Michael Noonan: I am advised by Revenue that they do not prosecute for offences under the Companies Act. This is a matter for the Director of Corporate Enforcement.