Results 10,661-10,680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Arrears Code of Conduct (15 Jul 2014)

Michael Noonan: The Central Bank's Code of Conduct on Mortgage Arrears (CCMA) is a statutory Code issued under Section 117 of the Central Bank Act 1989 and lenders are required to comply with the CCMA as a matter of law. The Central Bank has advised that it does not publish statistics in relation to the number complaints against banks for non-compliance with the CCMA. However, it is planning to test...

Written Answers — Department of Finance: Tax Compliance (15 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person in question was registered for income tax in October 2013, in respect of a trade being carried on by him. Revenue has no information to indicate that this trade has ceased. If the taxpayer has ceased to be self employed, he should contact his local district office, Limerick District, River House, Charlotte Quay, tel. 061 212700 with...

Written Answers — Department of Finance: VAT Rate Increases (15 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that there has been no change in the VAT treatment of personal alarms and related services.  The supply of personal alarms is liable to VAT at the standard rate, currently 23%, as is the supply of parts, accessories and monitoring fees.  The VAT rating of goods and services is subject to the requirements of the EU VAT Directive and there is...

Written Answers — Department of Finance: Tax Exemptions (15 Jul 2014)

Michael Noonan: The background to the Deputy s question is that a technical change made at EU level to the new Common Agriculture Policy (CAP) arrangements for replacing the Single Payment Scheme for farmers with the Basic Payment Scheme after this year impacts on farmers who let 100% of their farmland and their single farm payment entitlements. As a result of the change, farmers in this position would have...

Written Answers — Department of Finance: Property Taxation Collection (15 Jul 2014)

Michael Noonan: I previously dealt with this case in Question 52516-13. Revenue has advised me that it tried to make direct contact with the person in question on a number of occasions on foot of Question 52516-13 but the person did not answer or make any return contact. Revenue also wrote to the person in November 2013 and had follow up telephone discussions with him in December 2013. I am also advised...

Written Answers — Department of Finance: Mortgage Data (15 Jul 2014)

Michael Noonan: The Central Bank's Code of Conduct on Mortgage Arrears (CCMA) places an onus on the banks, in respect of a co-operating borrower, to explore all the options for an alternative repayment arrangement offered by the lender to address a primary dwelling mortgage difficulty before any legal action is considered.  The CCMA provides that lenders may only commence legal proceedings for...

Written Answers — Department of Finance: Tax Rebates (15 Jul 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they do not have the information necessary to review the 2013 tax liability of the person concerned. They have written to the person to obtain the additional information and a review will be carried out on receipt of a reply.

Written Answers — Department of Finance: Tax Reliefs Eligibility (15 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the relevant legislation governing the Drivers & Passengers with Disabilities Scheme is contained in Section 92 of the Finance Act 1989 (as amended), Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994). In...

Written Answers — Department of Finance: Living City Initiative (15 Jul 2014)

Michael Noonan: The Deputy will be aware that I announced in my last Budget Statement that the Living City Initiative, which was enacted in the Finance Act 2013, would be extended to now include the cities of Dublin, Cork, Galway and Kilkenny as well the original target cities of Limerick and Waterford. The inclusion of these four cities within the Initiative followed the results of a thorough independent ex...

Written Answers — Department of Finance: Flood Risk Insurance Cover (15 Jul 2014)

Michael Noonan: I am very much aware of the difficulties that the absence of flood insurance cover can cause to householders and businesses. However, neither I nor the Central Bank of Ireland, have the power to direct insurance companies to provide flood cover to specific individuals. The provision of new flood cover or the renewal of existing flood cover is a commercial matter...

Written Answers — Department of Finance: Property Taxation Rate (15 Jul 2014)

Michael Noonan: I have indicated previously that the central national rate of LPT would not vary for the lifetime of this Government. This provides certainty for property owners. 

Written Answers — Department of Finance: Public Relations Contracts Expenditure (15 Jul 2014)

Michael Noonan: I take it that the Deputy is referring solely to the total cost of public relations/communications and not to costs associated with 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. On that basis, for the years in question (2013 ...

Written Answers — Department of Finance: VAT Exemptions (15 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that children's and young people's education, school and university education together with vocational training or retraining is exempt from VAT.  This VAT exemption applies to swimming lessons provided to children of pre-school and school-going age in circumstances where the lessons delivered meet the requirements of the aquatics strand of the...

Written Answers — Department of Finance: Living City Initiative (15 Jul 2014)

Michael Noonan: Officials from my Department have held preliminary discussions with the relevant local authorities to identify the areas of the six cities, Cork, Dublin, Galway, Kilkenny, Limerick and Waterford, which might fall within the scope of the scheme. Each of the local authorities have now submitted proposals on the areas which they believe should be...

Nomination of Members of the Government: Motion (11 Jul 2014)

Michael Noonan: It is no wonder Brian Crowley left.

Nomination of Members of the Government: Motion (11 Jul 2014)

Michael Noonan: Not a word yet about the future.

Nomination of Members of the Government: Motion (11 Jul 2014)

Michael Noonan: The Deputy has been speaking for 20 minutes and has not said a word about the future.

Strategic Banking Corporation Bill 2014: Committee and Remaining Stages (10 Jul 2014)

Michael Noonan: That will be governed by the legal contractual arrangements that are drawn up.

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (Resumed) and Remaining Stages (10 Jul 2014)

Michael Noonan: First, the proposed amendment is well beyond the Long Title of the Bill. To use this legislation as a vehicle to compel the Central Bank to publish statistics about the restructuring of loans would certainly be in the Long Title of the Bill, so it is not an appropriate amendment. Second, as the Central Bank is an independent body and is already equipped to deal with such matters, it would...

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (Resumed) and Remaining Stages (10 Jul 2014)

Michael Noonan: With regard to the issue of SME debt, it should be noted that the Central Bank does not publish figures on arrears on non-performing loans specific to the SME sector. In June 2013, the Central Bank set quarterly institution-specific performance targets for covered banks to move distressed SME borrowers onto long-term forbearance solutions. The targets set reflect the banks' capacity and...