Results 1,381-1,400 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Property Sales (31 Jan 2017)

Michael Noonan: As the Deputy has used a pejorative and undefinable term for purchasers, and due to the fact that identifying properties associated with individual purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser. I am advised that NAMA is prohibited by law from disclosing confidential debtor information, including information...

Written Answers — Department of Finance: NAMA Property Leases (31 Jan 2017)

Michael Noonan: NAMA does not own property.  Rather, it has acquired loans for which the properties act as security.  Control of the properties rests with debtors and receivers and not with NAMA.  In that regard, I am advised that information is not available on the total number of instances in which NAMA debtors and receivers have sought vacant possession in advance of residential...

Written Answers — Department of Finance: NAMA Property Sales (31 Jan 2017)

Michael Noonan: As the Deputy has used a pejorative and undefinable term for purchasers, and due to the fact that providing the identity of specific purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser. In addition, NAMA is prohibited by law from disclosing confidential debtor information, including information on assets owned by debtors, without debtors'...

Written Answers — Department of Finance: VAT Rate Reductions (31 Jan 2017)

Michael Noonan: I am advised by Revenue that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at . This Ready Reckoner provides the information for calculating the estimated cost or yield to the Exchequer arising from changes to each of the different VAT rates.  Estimates are presented for 2017, forecasts for 2018 will be available later in the year.

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (31 Jan 2017)

Michael Noonan: I am advised by Revenue that the 'Home Renovation Incentive (HRI) Statistics 2013 - 2016' statistical report is available on the Revenue Statistics webpage at . In particular, Table 6 from this report provides a breakdown of the number of individual properties that have been registered with the HRI scheme listed by Local Authority area, as well as the total number of works...

Written Answers — Department of Finance: Insurance Costs (31 Jan 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Insurance Costs (31 Jan 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept.  This...

Written Answers — Department of Finance: Tax Data (31 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 140 to 142, inclusive, together. I am informed by Revenue that at end 2015, 321 bookmakers licences had issued, with 80 of these issued to persons running betting shops. The total number of premises associated with these licences is 828. As the information provided to Revenue does not require a betting licence holder to provide the turnover generated from...

Written Answers — Department of Finance: Departmental Staff Data (31 Jan 2017)

Michael Noonan: I wish to inform the Deputy that the number of staff currently serving in my Department in the Clerical Officer, Staff Officer or equivalent grades is as follows: Grade No. of Staff (Headcount) Clerical Officer 55 Civilian Driver (Clerical Officer equivalent)  2 Staff Officer 7 With regard to staff in bodies under the aegis of my Department in the Clerical Officer, Staff...

Written Answers — Department of Finance: Economic Growth (26 Jan 2017)

Michael Noonan: Projections published by my Department in Budget 2017 anticipate growth in the overall pay bill (both private and public combined) of 4.9 per cent in 2017. This comprises growth in average pay of 2.7 per cent and employment growth of 2.1 per cent. Pay bill growth is projected to average 5.4 per cent per annum in each year thereafter, with average pay expected to grow...

Written Answers — Department of Finance: Brexit Issues (26 Jan 2017)

Michael Noonan: My Department has been assessing and preparing for the impact of Brexit since well before the referendum on 23 June 2016. Work was carried out in my Department to assess the potential economic implications arising, including through the ESRI-Department of Finance research programme study published in November 2015 titled 'Scoping the Possible Economic Implications of Brexit on Ireland'. ...

Written Answers — Department of Finance: Pension Provisions (26 Jan 2017)

Michael Noonan: I understand that this question relates to aspects of section 14 of the Finance Act 2016, which made a number of amendments to the pension-related provisions of the Taxes Consolidation Act (TCA) 1997. I introduced these changes in order to close off certain tax-planning opportunities involving the use of Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs). In...

Written Answers — Department of Finance: Departmental Legal Costs (26 Jan 2017)

Michael Noonan: In August 2016, the European Commission announced that they had reached a negative decision in the Apple State Aid investigation. This Final Decision was later published in December 2016. The Government disagrees profoundly with the Commission's analysis and will now challenge the Commission's decision before the European Courts. This is necessary to defend the integrity of our tax system;...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: I am advised by NAMA that its debtors and receivers control 14 commercial office properties which are currently vacant. The properties concerned are either on the market for sale or are in the planning system with a view to increasing their ultimate disposal value.  I am advised that two of the 14 office properties have been vacant for less than three months, five have been vacant...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: As indicated in my reply to Parliamentary Question 90 of 19 January 2017, apart from properties acquired by NARPS, NAMA holds 11 other properties on its balance sheet. I am advised that the majority of these were taken onto NAMA's balance sheet arising from legal and insolvency agreements. Nine of these assets are land and development assets, of which two are located abroad. The...

Written Answers — Department of Finance: NAMA Portfolio (26 Jan 2017)

Michael Noonan: As indicated in my reply to Parliamentary Question 255 of 17 January 2017, NAMA debtors and receivers currently have exposure to 173 residential properties which are temporarily vacant.  The majority of these properties are currently on the market for sale, with many already sale agreed, or are being prepared for sale, are undergoing remediation works, or are between tenancies. ...

Written Answers — Department of Finance: Banking Sector Regulation (26 Jan 2017)

Michael Noonan: As I have previously stated, the European Central Bank (ECB) has responsibility for the direct prudential supervision of significant credit institutions (Significant Institutions) within participating member states whose currency is the euro. The ECB is competent to take direct sanctioning proceedings against Significant Institutions, under the framework set down by the Single Supervisory...

Written Answers — Department of Finance: Revenue Commissioners Investigations (26 Jan 2017)

Michael Noonan: I am informed by Revenue that it carries out a range of tax and duty compliance interventions including interventions to ensure the correct operation by employers of the PAYE system. When carrying out compliance interventions, Revenue is mindful of the possibility of the incorrect classification of a person as self-employed in any engagement between two parties and the non-operation of the...

Written Answers — Department of Finance: European Banking Sector (26 Jan 2017)

Michael Noonan: As the deputy is aware, the SSM has ultimate responsibility for supervision of the banking sector. The SSM is comprised of the ECB and the national competent authorities (NCAs) of participating Member States.  The Irish national competent authority is the Central Bank of Ireland. Since the 4th of November 2014, the SSM has been responsible for the prudential supervision...

Written Answers — Department of Finance: House Prices (26 Jan 2017)

Michael Noonan: As regards house price developments, national residential property prices reached a trough in 2013, having contracted by 54 per cent. In Dublin house prices began to decline earlier than the rest of the country reaching a trough in 2012. Since then the recovery in the economy, the sustained growth in employment and demographic changes have underpinned the 50 per cent increase in national...