Results 12,821-12,840 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Data (11 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 174 and 175 together. I can confirm for the Deputy that I have received the following responses from the banks in relation to Parliamentary Questions 6789/14 and 6790/14 relating to mortgage provisons and mortgage write-offs taken by the banks over the period 2010 to 2013: Allied Irish Banks (including EBS): All of AIB's...

Written Answers — Department of Finance: Official Engagements (11 Feb 2014)

Michael Noonan: As Minister for Finance, I have attended numerous official engagements in Northern Ireland over the course of this Government's time in office. This interaction plays an important role in building and maintaining our relationship with our colleagues in the North. The official engagements undertaken by myself include attendance at the North/South Ministerial Council in Armagh on...

Written Answers — Department of Finance: Tax Credits (11 Feb 2014)

Michael Noonan: The new Single Person Child Carer Tax Credit is more targeted than its predecessor in that it is, in the first instance, only available to the principal carer of the child. The person who receives the child benefit payment is being used as the initial indicator by the Revenue Commissioners to identify the individuals who are likely to qualify for the new credit.  However, the...

Written Answers — Department of Finance: EU-IMF Programme of Support (11 Feb 2014)

Michael Noonan: Ireland has borrowed €22.5 billion from the IMF in 12 tranches and these will be amortised (paid back in instalments) in varying amounts from July 2015 to December 2023 when the final payment on the last tranche drawn down will be made.  The requirement for mandatory proportional early repayments in the event that IMF loans were to be repaid early, to which I referred in my reply...

Written Answers — Department of Finance: Tax Reliefs Availability (11 Feb 2014)

Michael Noonan: I assume that the Deputy s question relates to the double income tax deduction in respect of carbon tax which I provided for in Finance Act 2012. Under this provision, farmers are allowed a deduction in computing their farming profits or losses for the amount of additional carbon tax they incur on purchases of marked gas oil following the €5 per tonne increase in the rate of...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (6 Feb 2014)

Michael Noonan: The Home Renovation Incentive (HRI) provides for an income tax credit for homeowners who carry out repair, renovation or improvement work on their only or main residence. Qualifying work must cost a minimum of €4,405 excluding VAT. The maximum qualifying cost for the purpose of the Incentive is €30,000 excluding VAT.  Qualifying expenditure is expenditure subject to the...

Written Answers — Department of Finance: Single Euro Payments Area (6 Feb 2014)

Michael Noonan: I have been informed by the Central Bank of Ireland that while it is difficult to answer this question definitively without more specific information, there is nothing in the SEPA Direct Debit (SDD) scheme rules which should lead to a consumer being unexpectedly debited on an earlier value date by any direct debit originator. However, the SDD scheme rules differ from those of the Irish...

Written Answers — Department of Finance: Tax Collection (6 Feb 2014)

Michael Noonan: I must inform the Deputy that the Assay Office is not the responsibility of either my Department or of the Revenue Commissioners.

Written Answers — Department of Finance: Tax Avoidance Issues (6 Feb 2014)

Michael Noonan: I am informed by the Office of the Revenue Commissioners that Revenue is an integrated tax and customs administration. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to target and confront non-compliance. These front-line activities include anti-smuggling and anti-evasion, investigation and prosecution, audit, assurance checks, anti-avoidance,...

Written Answers — Department of Finance: Tax Avoidance Issues (6 Feb 2014)

Michael Noonan: It is assumed that the Deputy is referring to transactions that would be regarded as abusive tax avoidance transactions under the general anti avoidance rules (known as GAARs ) available to the Revenue Commissioners. Where transactions are entered into for the purposes of avoiding tax and are detected by the Revenue they are challenged by Revenue under the relevant anti avoidance rules. In...

Written Answers — Department of Finance: Motor Industry Issues (6 Feb 2014)

Michael Noonan: SIMI in its 2014 pre-Budget submissions called for the introduction of a "swappage scheme" to support the industry. The proposal was considered at the time but given the budgetary constraints was not proceeded with. It is open to the industry to bring forward such proposals for consideration in Budget 2015. However, in this context, the Deputy will be aware that car sales...

Written Answers — Department of Finance: VAT Rate Reductions (6 Feb 2014)

Michael Noonan: Statistics in relation to the economic impact of the 9% reduced VAT rate on the tourism sector are not available on a county basis.  However, evidence on a national basis can indicate local trends.  In this respect, the most recent data available from the CSO of economic growth broken down by sector relates to the year 2012, and shows that there was a year-on-year growth in gross...

Written Answers — Department of Finance: National Monuments (6 Feb 2014)

Michael Noonan: As the Deputy may be aware NAMA is precluded from commenting on the financial affairs of individual debtors. I am advised that properties at 14-17 Moore Street are protected and designated as a National Monument and works are subject to Ministerial Consent. On the 16 July 2013, the Minister for Arts, Heritage and the Gaeltacht, granted consent for specified works to be completed on the...

Written Answers — Department of Finance: National Debt Issues (6 Feb 2014)

Michael Noonan: As I have outlined in my replies to a number of previous Parliamentary Questions, the Euro-area Heads of State or Government (HoSG) agreed in June 2012 that "it is imperative to break the vicious circle between banks and sovereigns", and that when a Single Supervisory Mechanism, involving the ECB, is in place and operational, the European Stability Mechanism could recapitalize banks directly....

Written Answers — Department of Finance: Property Taxation Yield (6 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) for 2013 are available broken down by city and county councils nationally and the most up to date figures are published on the Commissioners website at: http://www.revenue.ie/en/tax/lpt/lpt-stats-11-2013.pdf. The Commissioners have confirmed that by the end of December 2013...

Written Answers — Department of Finance: Tax Reliefs Availability (6 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, under Section 469 of the Taxes Consolidation Act 1997, tax relief is allowable on health expenses incurred outside of the State on the same basis as health expenses incurred within the State, subject to certain conditions, such as that the practitioner concerned is entitled to practice, and for expenses incurred prior to 2010, that the...

Written Answers — Department of Finance: Tax Credits (6 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a Tax Credit Certificate was issued to the named individual on 16 December 2013.

Written Answers — Department of Finance: Tax Yield (6 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the details on the payment of VAT are not captured in such a manner as would provide a basis for compiling the breakdown of information sought by the Deputy, either by the specific commodity or by county.

Written Answers — Department of Finance: IBRC Liquidation (6 Feb 2014)

Michael Noonan: The Special Liquidators have a clear legal obligation to ensure that the best possible price is obtained for any loan or loan portfolio and have advised me that they are fully confident that they have delivered on this obligation and will continue to adhere to this obligation.  The Special Liquidators are clear that the specific sales process the Deputy is referring to was transparent...

Written Answers — Department of Finance: IBRC Liquidation (6 Feb 2014)

Michael Noonan: I have been advised by the Special Liquidators that, as is normal in the liquidations of companies, all costs, charges and expenses properly incurred by the Special Liquidators in relation to the winding up of Irish Bank Resolution Corporation Limited (In Special Liquidation), including the Special Liquidators fees, will be paid out of the assets of Irish Bank Resolution Corporation Limited...