Results 12,161-12,180 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Interest Relief Eligibility (1 Apr 2014)

Michael Noonan: In the Supplementary Budget of 2009, with effect from 1 May 2009, the number of years in respect of which mortgage interest relief (MIR) may be claimed was restricted to 7. The relevant provisions were included in Section 244 of the Taxes Consolidation Act 1997 via Finance Act 2009. With regard to the specific case to which the Deputy refers, the person in question commenced her...

Written Answers — Department of Finance: Mortgage Interest Relief Expenditure (1 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional cost to the Exchequer of mortgage interest relief for principal private residences by way of tax relief at source in 2013 is €353 million. The estimate for 2014 is €350 million. The cost of the relief going forward for the 2015, 2016 and 2017 tax years would depend on a variety of factors, including the...

Written Answers — Department of Finance: Pension Provisions (1 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the total tax expenditure in respect of pension contributions for 2010 and 2011, the latest year for which data is available, is estimated to be in the region of €1,500 million in each year. These costs include the costs associated with employee and employer contributions to approved superannuation schemes, exemption of employers...

Written Answers — Department of Finance: Tax Yield (1 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that while social welfare pensions can be separately identified from other sources of income in Revenue statistics, it is not possible to do so in respect of income from other pensions with any degree of certainty. Consequently there is no complete or reliable basis available to Revenue on which an estimate of the income tax receipts on pensions could...

Written Answers — Department of Finance: Property Taxation Administration (1 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to LPT for 2013 and 2014 was published on 18 February 2014 on the Commissioners website at: . The report includes details of the number of properties that filed a Return for 2013 and the amount of LPT collected for 2013 by city and county council. The report also provides a breakdown of the percentage distribution of...

Written Answers — Department of Finance: IBRC Liquidation (1 Apr 2014)

Michael Noonan: I have been advised that the Special Liquidators will comply with their reporting obligations and as such the liquidation accounts will be filed with the Companies Registration Office after two years of the liquidation and yearly thereafter. These accounts will detail the fees payable to all consultants employed by the Special Liquidators during the liquidation, including KPMG,...

Written Answers — Department of Finance: IBRC Staff (1 Apr 2014)

Michael Noonan: The Special Liquidators confirm that on the date of Special Liquidation there were a total of 805 employees employed by IBRC in the Republic of Ireland. Of these 545 employees have received Statutory Redundancy at a total cost of €5,360,926.31 and 260 employees had less than 2 years service and were therefore not eligible for redundancy payments. I am advised by the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they have not received an application from the person (details supplied) for admission to the Drivers & Passengers with Disabilities Scheme.  This was confirmed following a telephone call to the person. It would appear that the person was refused a Primary Medical Certificate by the local Chief Medical Officer (HSE) which is an...

Written Answers — Department of Finance: Banking Sector (1 Apr 2014)

Michael Noonan: A way forward for Permanent TSB was agreed with the Troika in April 2012 which envisaged it playing an important role in the future of Irish retail banking, being a more focused retail bank bringing an element of competition to the marketplace which has consolidated significantly since 2008.  In this regard Permanent TSB prepared a Restructuring Plan, which the Department of...

Written Answers — Department of Finance: Mortgage Interest Relief Eligibility (1 Apr 2014)

Michael Noonan: I am advised by Revenue that it administers mortgage interest relief (MIR) in respect of qualifying loans through the tax relief at source (TRS) system. I am further advised that the amounts due are paid via the relevant lending institutions. In the case to which the Deputy refers, I am informed that in 2007 Revenue received notification from the persons' lender that all qualifying...

Written Answers — Department of Finance: Universal Social Charge Yield (1 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 for each year is 2011 - €3,114m 2012 - €3,790m 2013  - €3,930m USC is a tax payable on gross income, including notional pay, after any relief for certain trading losses and capital allowances, but before pension...

Written Answers — Department of Finance: Bank Stress Tests (27 Mar 2014)

Michael Noonan: As the deputy will be aware the ECB issued its first note on the Comprehensive Assessment on 23 October 2013 which confirmed that the following banks are included as Irish banks subject to the assessment: Allied Irish Banks plc  Merrill Lynch International Bank Limited  Permanent tsb plc.  The Governor and Company of the Bank of Ireland  Ulster Bank Ireland...

Written Answers — Department of Finance: Tax Credits (27 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the original Tax Credit Certificate for 2014, issued to the taxpayer, included a personal tax credit of €3,150. This is the amount due to a widowed person with a qualifying child whose spouse died in 2012. A qualifying child is a child under 18 years of age or over 18 years of age and attending full time instruction. Subsequent...

Written Answers — Department of Finance: NAMA Debtors (27 Mar 2014)

Michael Noonan: This matter was comprehensively addressed by my colleague Minister Bruton during a discussion in the Oireachtas last week and to PQ's answered by me on the 25th of March 2014.    As the Oireachtas is aware the company referred to is the subject of a court-appointed Examinership process under the supervision of the High Court and it is important that the independence of that...

Written Answers — Department of Finance: IBRC Legal Cases (27 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 43 to 46, inclusive, together.  I have been advised that the Special Liquidators are still in the process of putting in place a robust mechanism for managing any potential conflicts of interest that may arise in relation to these proceedings. The Special Liquidators are fully aware of the urgency of the matters and are working hard to put...

Written Answers — Department of Finance: Banking Sector Staff Issues (27 Mar 2014)

Michael Noonan: I can confirm for the Deputy that the pillar banks have provided me with the following details in relation to loans to employees and former employees:  Allied Irish Banks: "All relevant disclosures in relation to AIB's mortgage portfolio are contained on pages 70-152 of its Annual Financial Report 2013 which is available on its website www.aibgroup.com/investor relations. "With...

Written Answers — Department of Finance: Banking Sector Regulation (27 Mar 2014)

Michael Noonan: The Deputy will be aware that under the Relationship Frameworks that govern the relationship between the Minister for Finance and the State supported banks, the bank's Board and Management team retain responsibility and authority for determining the bank's strategies and commercial policies and for conducting its day-to-day operations.   The Relationship Frameworks with the banks...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (27 Mar 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme is open to people with disabilities who meet the specified criteria contained  in Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994), and have obtained a Primary Medical Certificate to that effect.  The scheme provides relief from value-added tax (VAT) and vehicle...

Written Answers — Department of Finance: Mortgage Data (27 Mar 2014)

Michael Noonan: The Central Bank has advised that according to its latest 'Residential Mortgage Arrears and Repossession Statistics' for the quarter to end December 2013 (), a total of 168 principal dwelling houses (PDH)  and 69 buy-to-let properties were taken into possession by lenders.  During the same quarter, 186 PDH and 60 BTL properties were disposed of.  The Deputy may wish to...

Written Answers — Department of Finance: Tax Credits (27 Mar 2014)

Michael Noonan: Tax relief is not available to parents in respect of crèche fees or childcare costs. However, I can assure the Deputy that the Government acknowledges the continuing cost pressures on parents, particularly those with young children. In recognition of these cost pressures, a number of support measures are in place to ease the burden on working parents. These include the...