Results 1,401-1,420 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: EU Funding (26 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. The purpose of the European Fund for Strategic Investments (EFSI) is to support both public and private sector investment projects through loan facilities, which must be repaid, and guarantees to facilitate projects which otherwise might not proceed. EFSI's ability to deliver in a particular Member State is dependent on there being...

Written Answers — Department of Finance: European Investment Bank Loans (26 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 65 and 66 together. The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its mission is to help implement the EU's policy objectives by providing financing to projects that address these objectives. The EIB may lend to lend to Governments, public sector bodies, commercial semi-state bodies or private sector entities....

Written Answers — Department of Finance: VAT Yield (26 Jan 2017)

Michael Noonan: The standard rate of VAT (currently 23%) is applicable to the sale of non-alcoholic beer beverages. However it is not possible to furnish precise figures on the amount of VAT taken from the sale of non-alcoholic beer beverages as outlined in the Deputy's question.  This is due to the fact that the information provided to Revenue on a VAT return does not require the yield from...

Written Answers — Department of Finance: Financial Services Regulation (26 Jan 2017)

Michael Noonan: I am not going to comment on any speculation around the potential roll back of financial regulation in the United States or any other jurisdiction as it would be inappropriate for me to do so. The stability of financial markets has been a central priority for the European Union since the financial crisis and in the interim we have seen the introduction of reformed...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (26 Jan 2017)

Michael Noonan: The Drivers and Passengers with Disabilities (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, assistance with fuel costs, and an exemption from Motor Tax. As the Deputy will be aware, to qualify for the Scheme, an applicant must have...

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

Michael Noonan: My Department has been to the fore in producing and funding a number of economic assessments on Brexit, both before and after the referendum. Outputs include: - A scoping study in November 2015 under the Department of Finance-ESRI joint research programme, - Initial short-term estimates published in the Summer Economic Statement 2016, - An in-depth analysis of the possible sectoral and...

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

Michael Noonan: The responsibility for the development of Ireland's international trade policies is in the first instance a matter for the Minister for Jobs, Enterprise and Innovation. Across Government the headline priorities for the Article 50 negotiation process remain clear. These are to protect the economy and trade, the Northern Ireland Peace Process, the Common Travel Area and the future of...

Written Answers — Department of Finance: NAMA Debtors (25 Jan 2017)

Michael Noonan: I am interpreting the Deputy's question as requesting the number of NAMA debtors who have exited the agency organised by reference to the amount repaid at the time of exit from NAMA as a percentage of the total par debt owed to NAMA.  In this regard, I am interpreting your reference to "total original loan book value" in the details supplied to the question as the total par...

Written Answers — Department of Finance: Mortgage Data (25 Jan 2017)

Michael Noonan: I refer the Deputy to the Central Bank's Residential Mortgage Arrears and Repossession Statistics for the period ending quarter three 2016, which was published on 12th December 2016 and which may be viewed at . Details of the number of residential mortgages currently held by non-bank entities, including retail credit firms and unregulated loan owners, are presented in table 4 on page 11...

Written Answers — Department of Finance: Regional Airports (25 Jan 2017)

Michael Noonan: As the Deputy will be aware, the Connectivity Fund was formed to invest the €335 million proceeds from the sale of the State's shareholding in Aer Lingus with the aim of enabling and enhancing Ireland's physical, virtual and energy connectivity. As the Deputy will be aware, my colleague, the Department for Transport, Tourism and Sport oversees the five-year Regional Airports...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (25 Jan 2017)

Michael Noonan: The Ireland Strategic Investment Fund has a dual mandate to invest on a commercial basis and support economic activity and employment in Ireland.  To date, the following transport specific investment has been made: - The rolling of an existing (NPRF) commitment in daa plc's public bond, which was issued in 2008 (repayable in 2018), into a €35 million commitment in a new 2028...

Written Answers — Department of Finance: Excise Duties Yield (25 Jan 2017)

Michael Noonan: I am informed by Revenue that the breakdown of excise receipts by category and by month for 2016 is as shown in the following tables. The "Other Excise" category includes licences and betting. Please note that the receipts shown for 2016 are provisional and may be subject to revision. For some excise commodities, the month may reflect the timing of the payment of the duty rather than the...

Written Answers — Department of Finance: Banking Operations (25 Jan 2017)

Michael Noonan: Further to parliamentary question number 80 of 19 January 2017, I can confirm that all legal advice taken by the Department of Finance in relation to this matter is both legally privileged and confidential so therefore it would not be appropriate to provide the requested information.

Tracker Mortgages: Motion [Private Members] (24 Jan 2017)

Michael Noonan: I move amendment No. 2:To delete all words after “Dáil Éireann” and substitute the following:notes that:- the Central Bank of Ireland has a considerable range of supervisory, investigative and enforcement powers which have been enhanced in recent years across a wide range of areas to combat and punish wrongdoing; - in October 2015, the Central Bank of Ireland embarked...

Written Answers — Department of Finance: Mortgage Interest Relief Expenditure (24 Jan 2017)

Michael Noonan: A landlord in receipt of rental income is assessed to income tax on their net profit after deduction of allowable expenses incurred in earning those rents.  In computing the profit amount of the rents received, only those deductions that are specified in section 97(2) of the Taxes Consolidation Act 1997 are allowable. Interest on money borrowed to purchase, repair or improve the...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (24 Jan 2017)

Michael Noonan: The process to register as a 'qualifying contractor' for the Help to Buy incentive requires documentation be submitted which shows: - that the contractor has valid tax clearance and is considered compliant for Relevant Contracts Tax (RCT) purposes - details of the proposed or actual qualifying residences.  Such details include a copy of the planning permission, the...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (24 Jan 2017)

Michael Noonan: The legislation setting out the payment provisions for the Help to Buy incentive is contained in Section 477C (16) of the Taxes Consolidation Act 1997.  Claimants are required to complete a two-stage online process; an application and then a claim.  First-Time Buyers under the Help to Buy incentive fall into 3 categories as follows:- 1. Claimants who have contracted to...

Written Answers — Department of Finance: Revenue Commissioners Powers (24 Jan 2017)

Michael Noonan: I am informed by Revenue that they are legally prevented from making any comments in relation to specific cases on the grounds of taxpayer confidentiality. Section 851A of the Taxes Consolidation Act 1997 (inserted by the Finance Act 2011) placed on a formal statutory basis the long-standing and accepted obligation on Revenue to treat all taxpayer information confidentially. The general...

Written Answers — Department of Finance: Private Rented Accommodation (24 Jan 2017)

Michael Noonan: The Rebuilding Ireland Strategy for the Rental Sector, published by the Department of Housing, Planning, Community and Local Government in December 2016, committed to the establishment of a working group in early 2017 to examine and report on the tax treatment of landlords (or rental accommodation providers), and to put forward options, where appropriate, for amendments to such...

Written Answers — Department of Finance: Bus Éireann (24 Jan 2017)

Michael Noonan: The classification of Bus Éireann as a public corporation was recently reviewed as part of the work the Central Statistics Office (CSO) carried out to complete the Public Corporations Questionnaire for Eurostat.  This questionnaire considered data from annual financial statements up to 2015.  One of the purposes of this questionnaire is to conduct the Market /...