Results 12,081-12,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Credits (8 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a claim for incapacitated child tax credit was received on 18 March from the person concerned for the years 2004 to 2014. The application was processed on 27 March. PAYE Balancing statements (P21) and refunds for the years 2010 to 2013 inclusive have now issued to the person concerned. Amended tax credit certificates have issued for 2014 to...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (8 Apr 2014)

Michael Noonan: I have been informed by the Special Liquidators that they will not be providing information relating to amounts paid for portfolios by third parties as this is commercially sensitive information. As the third parties are not regulated entities they are not required to comply with the Central Bank of Ireland Code of Conduct on Mortgage Arrears (CCMA). However he two purchasers of the...

Written Answers — Department of Finance: Property Taxation Yield (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 148 and 149 together. I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally and the most up to date figures for LPT collected in 2013 and 2014 were published on 18 February 2014 on the Commissioners website at: . The Commissioners have...

Written Answers — Department of Finance: Property Taxation Administration (8 Apr 2014)

Michael Noonan: I assume the Deputy is referring to section 20 of the Finance (Local Property Tax) Act 2012 (as amended) which allows elected members of a local authority to pass a formal resolution to vary the basic rate of Local Property Tax (LPT) in respect of residential properties situated within their functional area. The basic LPT rate can be increased or decreased by up to 15%. This is referred to as...

Written Answers — Department of Finance: Parliamentary Questions Costs (8 Apr 2014)

Michael Noonan: Servicing the parliamentary process through answering Parliamentary Questions (PQs) is a core responsibility of all Department of Finance staff. Accordingly, my officials have not estimated a specific cost for the process of responding to PQs. In line with my Department's determination to improve efficiencies across all the ways in which we work, a central coordination unit is responsible...

Written Answers — Department of Finance: Tax Code (8 Apr 2014)

Michael Noonan: Budget 2011 reduced the Stamp Duty rate on residential property purchases while abolishing some reliefs and exemptions, including First Time Buyer relief. This was done to help broaden the tax base and lower the rate of stamp duty for most purchasers. All purchasers of residential property under €1 million in value, are now only liable for stamp duty at 1%. I have no plans at this...

Written Answers — Department of Finance: Tax Code (8 Apr 2014)

Michael Noonan: I assume the Deputy is referring to single farm payment entitlements. A single farm payment entitlement is a chargeable asset for capital gains tax (CGT) purposes and once acquired it may be disposed of by way of sale, gift etc. Accordingly, gains arising from the disposal of single farm payment entitlements are chargeable to CGT in the same way as gains made on any other chargeable assets....

Written Answers — Department of Finance: Single Resolution Mechanism (8 Apr 2014)

Michael Noonan: I am of the view that the agreement on the Single Resolution Mechanism is a significant achievement that helps increase the stability of banks and the overall banking system in the participating Member States and should also significantly reduce the spill-over effects of crises into non-participating Member States  and as such will facilitate the functioning of the internal...

Written Answers — Department of Finance: Credit Availability (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 155 and 168 together. As part of the 2011 recapitalisation exercise, the Government imposed SME lending targets on AIB and Bank of Ireland for the three calendar years, 2011 to 2013. Each bank was required to sanction lending of at least €3 billion in 2011, €3.5 billion last year and €4 billion in 2013 for new or increased credit...

Written Answers — Department of Finance: Tax Yield (8 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners thatthe total valueof net receipts collected under the Income Levy in 2010 amounted to €1,446 million. This information was published in the Revenue Commissioners' Annual Report for 2010, which is available at .

Written Answers — Department of Finance: Tax Yield (8 Apr 2014)

Michael Noonan: The Universal Social Charge (USC) was introduced in Finance Act 2011 and applies for the tax year 2011 and subsequent tax years. The yield from the charge for the years specified is 2011   -    €3,114m 2012    -   €3,790m 2013     -  €3,930m USC is a tax payable on...

Written Answers — Department of Finance: Tax Reliefs Cost (8 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the costs to the Exchequer of tax relief for health expenses in 2010 and 2011, the latest years for which final data are available, are €127 million and €131 million respectively. These include relief claimed by both self-employed and PAYE taxpayers. Information for more recent years is not yet available, as tax returns for 2012...

Written Answers — Department of Finance: Revenue Commissioners Investigations (8 Apr 2014)

Michael Noonan: The Finance Acts provide the legal framework for offences of the nature referred to by the Deputy, but it is a matter for the Revenue Commissioners to determine the action that should be taken in individual cases. I am advised that the Commissioners' practice is not to offer a compromise settlement where class 3 category vehicles are involved, unless there are exceptional mitigating...

Written Answers — Department of Finance: Living City Initiative (8 Apr 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...

Written Answers — Department of Finance: Economic Data (8 Apr 2014)

Michael Noonan: The end-March 2014 Exchequer returns and associated information is available on my Department's website on the following link:  Overall, the tax performance for the first quarter of the year is broadly in line with expectations, with tax revenues coming in at €257 million which equates to a 2.9% excess against profile.  In relation to expenditure, net voted expenditure was...

Written Answers — Department of Finance: Economic Data (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 162 to 165, inclusive, together. In my Budget day speech in October of last year I outlined the Government s approach to restoring the economy to sustainable growth. This programme involves inter alia a sector-by-sector approach, where the Government looked to build on areas of strength of the economy and repair those sectors which were...

Written Answers — Department of Finance: Bank Charges (8 Apr 2014)

Michael Noonan: I, as Minister for Finance have no role in the regulation of bank charges in Ireland. As the Deputy is aware, bank fees, charges  and commissions are subject to regulation under Section 149 of the Consumer Credit Act 1995, as amended. Section 149 came into effect in 1996 and currently requires that credit institutions, prescribed credit institutions and bureaux de change must make...

Written Answers — Department of Finance: Credit Availability (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 169 and 171 together. As the Deputy is aware, as part of the 2011 recapitalisation exercise, the Government imposed SME lending targets on AIB and Bank of Ireland for the three calendar years, 2011 to 2013. Each bank was required to sanction lending of at least €3 billion in 2011, €3.5 billion last year and €4 billion in 2013 for new or...

Written Answers — Department of Finance: Job Creation (8 Apr 2014)

Michael Noonan: The Government places a high priority on job creation and the recent labour market figures are very positive in this regard.  Employment growth of 2.4% in 2013 marked an end to five consecutive years of employment declines. Employment levels have now returned to those last seen in Q4 2010.   These positive trends demonstrate the effectiveness of recent labour market initiatives...

Written Answers — Department of Finance: Insurance Costs (8 Apr 2014)

Michael Noonan: Neither my Department nor the Central Bank of Ireland maintains information on the costs of insurance in Ireland.  Neither do we hold information on insurance costs across the European Union. The calculation of annual premium rates is a commercial decision for the insurance company in question.  It should be noted that the ability of the Government to influence the competitiveness...