Results 1,061-1,080 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am advised by Revenue that the public can visit their Thurles office without an appointment between 9.30am and 1:00pm, Monday to Friday.  An appointments service, which will eliminate the need for queuing and reduces the time involved for taxpayers, will be introduced in the Thurles office in the coming months. There will be appropriate advance publicity so that taxpayers can avail of...

Written Answers — Department of Finance: Tax Code (23 Feb 2017)

Michael Noonan: In the 2016 Finance Act I introduced the Irish Real Estate Fund (IREF) legislation to address the issue of non-resident investors, who have been investing in Irish property through fund structures, avoiding a charge to tax on profits arising from Irish real estate.   An IREF is an investment undertaking in which 25% or more of the value of the assets is derived from IREF assets...

Written Answers — Department of Finance: Economic Data (23 Feb 2017)

Michael Noonan: As the Deputy is aware the publication of a new adjusted gross national income (GNI*) was one of a number of recommendations included in the Report of the Economic Statistics Review Group. The Group was established by the CSO on foot of the exceptional growth rate in 2015 and the increasing limitations of both GDP and GNP as measures of economic activity in Ireland. It was tasked with...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (23 Feb 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 this tax incentive to this date was announced at that time with a view to avoiding any potential...

Written Answers — Department of Finance: Departmental Records (23 Feb 2017)

Michael Noonan: In response to the Deputy's question, my Department does not use any cloud provider or third party server based storage services to satisfy its data or file storage needs. The data and file storage requirements for my Department are provided for via the use of Government hosted storage services.

Written Answers — Department of Finance: Regulatory Impact Assessment Data (23 Feb 2017)

Michael Noonan: The Department of Finance undertakes Regulatory Impact Analyses (RIA) in accordance with the latest guidelines as published by the Department of An Taoiseach. The RIAs are published on the Department's website at www.finance.gov.ie.

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 drawn...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (23 Feb 2017)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) began lending in March 2015. Its aim is to increase the availability of funding to Irish SMEs, at a lower cost and on more flexible terms, than has been available in recent times on the Irish Market. The SBCI does not lend directly to SMEs, rather it channels its funds through lending partners known as on-lenders. It currently has three bank...

Written Answers — Department of Finance: Licensed Moneylenders (23 Feb 2017)

Michael Noonan: According to the Register on the Central Bank website (), the total number of licensed Moneylenders is currently 39. The Central Bank has not undertaken any further empirical research into the money lending sector in Ireland since the publication of the 2013 Report on the Licensed Money lending Industry. The 2013 Report showed that there were around 360,000 customers of licensed moneylenders...

Written Answers — Department of Finance: House Prices (23 Feb 2017)

Michael Noonan: As the Deputy will be aware, the 'Help to Buy' incentive was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness'. This plan contains a significant volume of responses to the current housing crisis, of which the Help to Buy incentive is one. This comprehensive Action Plan takes a holistic approach in addressing the many interacting...

Written Answers — Department of Finance: Central Bank of Ireland Staff (23 Feb 2017)

Michael Noonan: I am informed by the Central Bank that there were 755.7 active FTEs (Full Time Equivalents) working in the Financial Regulation pillar of the Central Bank at the end of January 2017. With regard to Credit Union regulation, I am informed by the Central Bank that there were 61.2 active FTEs working in the Registry of Credit Unions (RCU) at the end of January 2017. These staff are included...

Written Answers — Department of Finance: Central Bank of Ireland Staff (23 Feb 2017)

Michael Noonan: I am informed by the Central Bank that staff from across all three pillars of the Bank are working on various aspects of "Brexit". The Central Bank has previously said that, if necessary, it will deploy staff to deal with increases in the authorisation pipeline and will reprioritise workload as appropriate. Should there be a marked increase in the financial sector regulated in Ireland,...

Written Answers — Department of Finance: Central Bank of Ireland Staff (23 Feb 2017)

Michael Noonan: I am informed by the Central Bank that its Enforcement function has grown substantially in the past year, with a total of 77 employees (53 in Investigations and 24 in Advisory) as at 31 January 2017, compared with 54 employees at the same time last year. The Bank informs me that there are currently a total of 26 vacancies within Enforcement; 12 in the Investigations Division and 14 in the...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 Feb 2017)

Michael Noonan: I am informed by the Central Bank that during the period 1 August 1998 to 31 July 2013, the names of 217 firms were published by the Central Bank of Ireland. The majority of these firms were providing investment services defined under the Investment Intermediaries Act 1995 or investment services as defined in the European Communities (Markets in Financial Instruments) Regulations. Since 1...

Written Answers — Department of Finance: Departmental Staff Data (23 Feb 2017)

Michael Noonan: I wish to inform the deputy that there are currently no employees in my Department suspended from work without prejudice and on full pay pending an investigation. With regard to employees of bodies under the aegis of my Department, the details are as follows: Body Number of employees that are suspended from work without prejudice and on full pay pending an investigation C&AG Nil...

Written Answers — Department of Finance: Brexit Issues (22 Feb 2017)

Michael Noonan: The Government's position in relation to the border with Northern Ireland in the context of BREXIT is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a hard border, and minimal impact on business and trade are key objectives.  Like all Government agencies, the Revenue Commissioners are actively engaged in...

Written Answers — Department of Finance: VAT Rate Application (22 Feb 2017)

Michael Noonan: The submission referred to by the Deputy concerns an open Public Consultation process launched by the Commission to obtain the views of the public and business relating to VAT rates.  I do not propose to contribute through this public consultation mechanism, as Member States will have ample time to consult in advance of the publication of the proposal and in the subsequent discussions at...

Written Answers — Department of Finance: Tax Code (22 Feb 2017)

Michael Noonan: My Department is engaged in a range of actions relating to the "Realising our rural potential: Action plan for rural development" including tax related measures for the farming and fisheries sectors. However, and as set out in the action plan, while I have no plans for additional tax incentive schemes targetted specifically at the owners of...

Written Answers — Department of Finance: NAMA Debtors (22 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 96 and 97 together. In response to the Deputy, I am advised it is not possible within the time allowed to provide the range of information sought and having regard to the time period in question. This information is being compiled and I will arrange for a further reply to be provided in line with Standing Orders.

Written Answers — Department of Finance: Tax Collection (22 Feb 2017)

Michael Noonan: 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 tax. I am advised by Revenue that, between the years 2007 and 2016, no prosecutions were instituted for the delivery of an incorrect income tax return...