Results 12,501-12,520 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that an amended tax credit certificate for 2014 has been issued to the person concerned on 20 February 2014. This certificate is based on the information currently available to Revenue. If the details in the certificate are not accurate the person concerned may contact Revenue at LoCall 1890 44 44 25 to have his record updated.

Written Answers — Department of Finance: NAMA Operations (25 Feb 2014)

Michael Noonan: As the Deputy may be aware,  NAMA s statutory remit extends only to those properties and other assets which secure its acquired loans, properties outside this remit are a matter for the debtor. I would like to remind the Deputy that questions on individual properties can be sent directly to NAMA who can be contacted on , or at 01 665 0000.

Written Answers — Department of Finance: Carbon Tax Implementation (25 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 197 and 212 together. The application of the carbon tax to solid fuels remained subject to a Ministerial commencement order since 2010. This approach was primarily adopted to delay the application of the carbon tax to solid fuel in the residential sector to allow for the development of a robust mechanism to counter the large scale sourcing of coal from...

Written Answers — Department of Finance: NAMA Operations (25 Feb 2014)

Michael Noonan: In the event that NAMA ultimately acquires this portfolio, the NAMA Board will be mindful of its legal obligations and of general market norms. I am advised that NAMA is likely to apply best practice in this regard and will seek to ensure that a borrower s legal position does not deteriorate by virtue of NAMA acquisition of the loan or loans concerned.

Written Answers — Department of Finance: Banking Sector Issues (25 Feb 2014)

Michael Noonan: From a consumer protection perspective, Chapter 5 of the Consumer Protection Code 2012 imposes knowing the customer and suitability requirements on regulated entities, including banks. This chapter includes the specific requirement that prior to offering, recommending, arranging or providing a credit product to a personal consumer, a lender must carry out an assessment of affordability to...

Written Answers — Department of Finance: Tax Reliefs Application (25 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: Property Taxation Administration (25 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: Credit Availability (25 Feb 2014)

Michael Noonan: I assume the Deputy is referring the  announcement made by the Taoiseach in this House in November  that he had held discussions with Chancellor Merkel on finding ways to reinforce Ireland's economic recovery by improving funding mechanisms for the real economy, including access to finance for Irish SMEs. The German Government has asked KfW, the German development bank, to...

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the cost to the Exchequer of extending the PAYE credit to the self employed and proprietary directors is estimated at €450 million in a full year. These figures are estimates from the Revenue tax forecasting model using the latest actual data for the year 2011, adjusted as necessary for income and employment trends in the interim. They...

Written Answers — Department of Finance: Credit Review Office Reports (25 Feb 2014)

Michael Noonan: As the Deputy is aware, in Budget 2014 I announced an increase in the limit for loan applications that can be reviewed by the Credit Review Office (CRO) from €500,000 to €3m. This increase will facilitate requests from a broader range of SMEs, as well as assisting those borrowers currently banked with non-trading banks and banks which are strategically exiting the Irish SME...

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that 2011 is the most recent year for which final information is available on the numbers of taxpayers availing of the rent tax credit mentioned by the Deputy. It is expected that 2012 information will be available later this year. There are 179,600 availing of the credit for the income tax year 2011.A married couple who has elected or has been...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (25 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: Start Your Own Business Initiative (25 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: Mortgage Protection Policies (25 Feb 2014)

Michael Noonan: Section 126 of the Consumer Credit Act 1995 requires that, subject to certain exemptions set out in the Act, "a mortgage lender shall arrange a life assurance policy providing, in the event of the death of a borrower before a housing loan made by the mortgage lender has been repaid, for payment of a sum equal to the amount of the principal estimated by the mortgage lender to be outstanding in...

Written Answers — Department of Finance: VAT Payments (25 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 210 and 211 together. I am advised by the Revenue Commissioners that the hosting and registration of domain names is considered to be an electronically supplied service for VAT purposes.  Such electronically supplied services, which include website supply and web-hosting, are liable to VAT at the standard rate, currently 23% in Ireland. The VAT rating...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (25 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: IBRC Liquidation (25 Feb 2014)

Michael Noonan: The primary duty of the Special Liquidators is to the creditors of IBRC and not to KPMG. I fully expect that the actions they take are taken in the best interests of the liquidation and I do not propose to intervene in matters such as these. As this is a matter that is currently before the Courts i am not in a position to comment any further on it.

Written Answers — Department of Finance: Bank Branch Closures (25 Feb 2014)

Michael Noonan: The Deputy will be aware that following the review by the UK Treasury in Autumn 2013, RBS reaffirmed its commitment to the Irish market. RBS is currently reviewing the operations of Ulster Bank in Ireland with a view to creating a sustainable business model. My Department has engaged with the UK Treasury as part of the Treasury review and I also recently met...

Written Answers — Department of Finance: Financial Services Ombudsman Issues (25 Feb 2014)

Michael Noonan: One of the main roles of the Financial Services Ombudsman is to investigate, mediate and adjudicate complaints about the conduct of regulated financial service providers so a consumer who has a complaint about an unregulated entity cannot take this complaint to the Financial Services Ombudsman. Such a consumer would have recourse to the Courts in the usual manner. As I said in my...

Written Answers — Department of Finance: Bank Branch Closures (25 Feb 2014)

Michael Noonan: My Department has received a number of representations from Ulster Bank employees and their representative organisation on this matter, similar to the letter provided by the Deputy. The Deputy will be aware that following the review by the UK Treasury in Autumn 2013, RBS reaffirmed its commitment to the Irish market. RBS is currently reviewing the operations of Ulster Bank in...