Results 12,461-12,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Housing Issues (26 Feb 2014)

Michael Noonan: The primary role of the National Treasury Management Agency is to ensure that sufficient funding is available at all times to meet the day-to-day requirements of the Exchequer. It is a matter for the Agency to decide when and how much to borrow in the light of those needs, commercial considerations surrounding the raising of debt on the markets and the need to maintain an appropriate level of...

Written Answers — Department of Finance: EU Funding (26 Feb 2014)

Michael Noonan: As the deputy will be aware the Treaty governing the functioning of the European Union (TFEU) and the associated EU State Aid Guidelines requires that all EU banks in receipt of State Aid agree a Restructuring Plan with the EU Commission. The plan must among other requirements outline the restructuring steps to be...

Written Answers — Department of Finance: Central Bank of Ireland Staff (26 Feb 2014)

Michael Noonan: As Minister for Finance, I have no role in the employment of staff in the Central Bank. Under the Central Bank Act 1942, the Central Bank Commission is responsible for administrating the staff of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers. I have been informed by the Central Bank that the Central Bank Commission approves...

Written Answers — Department of Finance: Property Taxation Collection (26 Feb 2014)

Michael Noonan: I am advised by Revenue that information on all aspects of Local Property Tax (LPT), including details of the various payment options is available on its website at . Revenue also confirmed to me that it continues to provide a dedicated LPT Helpline at 1890 200 255 to assist people in meeting their filing and payment obligations and to provide any other information or assistance that might...

Written Answers — Department of Finance: Tax Compliance (26 Feb 2014)

Michael Noonan: As I explained to Deputy McGrath on 16 January last in response to Parliamentary Questions Nos. 14 and 16, I am informed by the Revenue Commissioners that farmers and agricultural contractors are subject to the same requirements in relation to record keeping as are other businesses. All businesses are required to keep proper books and records and to retain such books and records for a period...

Written Answers — Department of Finance: Consumer Protection (26 Feb 2014)

Michael Noonan: In December 2013, Lloyds Banking Group sold its Irish residential portfolio of 2,000 mortgages to Apollo Global Management. Apollo Global Management met the Central Bank and the Department and indicated clearly that it intended to voluntarily adopt the Code of Conduct on Mortgage Arrears (CCMA) to manage the acquired loans. Apollo Global Management believes following CCMA is in the best...

Written Answers — Department of Finance: VAT Rebates (26 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that the company in question made a VAT repayment claim for €17,034 in respect of the period November/December 2013 on the 8th January 2014. A Revenue officer from the Kildare District contacted the Director of the company on the 10 January 2014 with a view to seeking documentation (including a purchase listing) in support of this VAT...

Written Answers — Department of Finance: Capital Allowances (26 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that there were various schemes of accelerated capital allowances in operation from the late 1990's until 2010 and 2011 in relation to expenditure incurred on the construction of registered nursing homes, convalescent homes and certain residential units associated with registered nursing homes. The allowances were claimed at the rate of 15% per annum...

Written Answers — Department of Finance: Mortgage Data (26 Feb 2014)

Michael Noonan: The Central Bank has informed me that it cannot comment on commercial decisions of lenders or on the agreements entered into by regulated firms and it does not have data on the total number of both buy to let and residential mortgages that have been sold to unregulated entities since 2010 or the rate of arrears on these mortgages. However, information from company announcements in the public...

Written Answers — Department of Finance: Central Bank of Ireland (26 Feb 2014)

Michael Noonan: The Central Bank of Ireland has informed me that by virtue of an exemption in Part V of the Central Bank Act 1997, an unregulated entity to whom a cash loan is transferred by a regulated entity is not subject to Central Bank supervision. The Central Bank  has expressed its concern that the consumer protections available to mortgage holders under the statutory Codes could be impacted by...

Written Answers — Department of Finance: Insurance Industry Regulation (26 Feb 2014)

Michael Noonan: The insurance sector is regulated by the Central Bank of Ireland under the Central Bank Act 1942 and the treatment of consumers of insurance products is governed by the . The Central Bank of Ireland has additional responsibilities in relation to Branch establishments of European Economic Area (EEA), authorised Life/Non-Life Insurance undertakings; EEA authorised Life/Non-Life...

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael Noonan: As the Deputy will be aware, I announced the Home Renovation Incentive in the recent Budget. This scheme came into operation on 25 October 2013 and will run until 31 December 2015. It provides for tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private...

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael Noonan: As the Deputy is aware, I announced the Start Your Own Business initiative, which provides an exemption from Income Tax for individuals who have been unemployed for a period of 12 months and who start a new, un-incorporated business between 25 October 2013 and 31 December 2016. An exemption from Income Tax will be provided on profits up to a maximum of €40,000 per annum for the first...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (26 Feb 2014)

Michael Noonan: It is important to highlight that the contractual terms and conditions of all customer mortgages and other borrowings have not changed as a result of the appointment of the Special Liquidators nor will those terms and conditions change as a result of the ultimate sale of these obligations to a third party. Purchasers of mortgage loans will be required to honour the legal terms...

Written Answers — Department of Finance: Tobacco Seizures (26 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the statistics requested by the Deputy are contained in the tabular statement set out below: 2013 Cigarette Seizures Location No. of Seizures Quantity Seized Dublin Airport Passenger Terminal 3,129 9,108,805 Dublin Airport Cargo Terminal 17 115,860 Air Mail Centre 197 60,410 Dublin Port 264 22,073,168 Totals 3,607 31,358,243 2013 ...

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the cost of gluten-free foods manufactured specifically for coeliacs is an allowable medical expense and tax relief may be claimed in the same manner as other health expenses. Due to the format in which details of health expense claims are submitted by taxpayers, as claims for relief on gluten-free foods are in aggregated with claims in...

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a person may claim income tax relief at the 20% income tax rate on the cost of gluten-free foods manufactured specifically for coeliacs.  A letter from a doctor is required, which states that the individual, in respect of whom the expense was incurred, has the condition. However, as is the case with all claims to tax relief, relief is...

Written Answers — Department of Finance: Property Taxation Exemptions (26 Feb 2014)

Michael Noonan: As the Household charge has been abolished, I presume the Deputy is referring to Local Property Tax (LPT). For LPT purposes, a residential property is defined as any building or structure (or part of a building) which is used as, or is suitable for use as, a dwelling. Where a property has not reached the stage of construction where it is suitable for use as a dwelling until after 1 May...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (26 Feb 2014)

Michael Noonan: I am advised that the independent advice was obtained by the Special Liquidators to assist them in developing a robust and credible sales process plan and timeline for the sale of the residential mortgage portfolio which will ensure that maximum value is obtained for all creditors of the bank. The Special Liquidators will not be publishing the independent advice received in relation to the...

Written Answers — Department of Finance: Consultancy Contracts Expenditure (26 Feb 2014)

Michael Noonan: The information requested by the Deputy is set out below: External Consultancy/Advisory Services Total 2011 €1,670,896 2012 €3,597,176 2013 €3,313,890 My Department makes every endeavour to minimise costs associated with such consultancies, and seeks to recoup costs from the sector where possible. In using such external services, my Department seeks...