Results 11,301-11,320 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: The Irish Brokers Association (IBA) wrote to me recently regarding their concerns arising from the impact of the liquidation of Setanta Insurance Company Limited on their members and their policyholders.  They also sought a meeting with me and/or my officials to discuss these concerns.  I have asked officials from my Department to meet with the IBA at an early date and discuss these...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: The current legal and regulatory framework for the provision of insurance in the European Economic Area (EEA), and the supervision of that activity, is prescribed by European Union Law in the Life and Non-Life Insurance Directives. The provision of insurance throughout the EEA on a freedom of services basis and a freedom of establishment basis (i.e. a branch) within this framework is...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank of Ireland, which is statutorily independent in the exercise of its regulatory functions. The decision to provide any specific form of insurance...

Written Answers — Department of Finance: Insurance Levy (29 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that insurance and reinsurance transactions and the supply of related services by insurance brokers and insurance agents are exempt from VAT.  In such circumstances no VAT would have been charged to policy holders and no VAT would have been collected by the Exchequer. I am informed by the Revenue Commissioners that any levy paid by an insurance...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: My officials have been in discussions with the Central Bank of Ireland, with the Setanta Liquidator, the Accountant of the High Court and with the insurance industry representative bodies and I have asked them to convey my wish that every effort is made to facilitate Setanta policyholders in obtaining new motor insurance policies and in understanding their overall position.  We are...

Written Answers — Department of Finance: Vehicle Registration (28 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that dealers can register vehicles, including camper vans, online through the Revenue On-line Service (ROS).  The online process is the same for all vehicles and can be carried out for new vehicles where vehicle details are uploaded in advance (the "birth cert" system) or, for previously registered vehicles, where the vehicle details are...

Written Answers — Department of Finance: Household Charge Administration (28 May 2014)

Michael Noonan: I am advised by Revenue that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to Local Property Tax (LPT), increased all outstanding liabilities to €200 and made Revenue responsible for collection of those outstanding amounts. As part of the handover of responsibility, Revenue received the HHC database...

Written Answers — Department of Finance: Public Sector Staff (28 May 2014)

Michael Noonan: This is a matter for the Revenue Commissioners.  I am advised by the Commissioners that they are currently conducting an internal competition for promotion to Executive Officer.  Stage 1 of this competition involved online testing of verbal and numerical reasoning.  This stage was used to produce a shortlist for an interview to determine suitability for promotion. The Civil...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (28 May 2014)

Michael Noonan: In order to expedite the flow of credit to SMEs and not delay the establishment of the Strategic Banking Corporation of Ireland (SBCI) the Government intends to establish the SBCI in such a way that it can commence operations without the need for a banking licence. However, it will be set-up initially with flexibility to expand its operations and also to adjust...

Written Answers — Department of Finance: IBRC Liquidation (28 May 2014)

Michael Noonan: I have been advised by the Special Liquidators that they will not be commenting on individual cases. The day to day lending decisions of IBRC are a commercial matter for the Special Liquidators of the bank and I have no role in the matter.

Written Answers — Department of Finance: Central Bank of Ireland (28 May 2014)

Michael Noonan: The surplus income of the Central Bank is paid to the Department of Finance in the year following that in which the income was realised, once the Central Bank's Annual Statement of Accounts has been approved. Central Bank Income - Year received €000 2005 103,022 2006 109,181 2007 98,496 2008 192,816 2009 290,054 2010 745,496 2011 671,029 2012 958,343 2013 1,147,628

Written Answers — Department of Finance: Semi-State Bodies (28 May 2014)

Michael Noonan: In response to the Deputy's question, my Department does not have any commercial semi States operating under its aegis.

Written Answers — Department of Finance: Tax Credits (28 May 2014)

Michael Noonan: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax.  Each partner is a separate entity for tax purposes and, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married...

Topical Issue Debate: Vehicle Registration (27 May 2014)

Michael Noonan: Since 2011 Revenue has provided a service where motor dealers can avail of a pre-registration examination at NCTS centres. The examination provides for a vehicle to be pre-inspected, entered onto the Revenue database and then registered on-line through the Revenue Online Service as sales are made. This pre-examination service is specifically designed to facilitate motor dealers and to...

Topical Issue Debate: Vehicle Registration (27 May 2014)

Michael Noonan: The Revenue has taken action to address potential delays in vehicle registration requirements. Since 2011 Revenue has provided a service where motor dealers can avail of a pre-registration examination at NCTS centres. There was a difficulty where the period of validity for codes ran out after 50 days but the Revenue has extended this to 150 days and that will address the difficulty....

Order of Business (27 May 2014)

Michael Noonan: It was agreed at Government level and has gone for drafting.

Order of Business (27 May 2014)

Michael Noonan: The draft heads are at an advanced stage in the Department but, as yet, no date is set for publication.

Order of Business (27 May 2014)

Michael Noonan: I announced a review of taxation of agriculture and the agrifood industry in last year's budget in the same way as I previously announced reviews of taxation of research and development and taxation of the film industry. The intention is to enhance these areas and make sure tax measures actually achieve their purpose, which is to encourage productivity. The review is under way, with a lot...

Order of Business (27 May 2014)

Michael Noonan: No date is set for publication.

Leaders' Questions (27 May 2014)

Michael Noonan: With regard to industrial relations problems, while everybody respects the rights of workers, those rights have to be exercised in a proportionate way. I am simply pointing out that many other workers who were looking forward to a break this weekend will have their plans totally demolished by the action. I appeal to both sides. I am sure there are faults on both sides, although Deputy Daly...