Results 1,421-1,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector Remuneration (24 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 140 and 141 together. I can confirm that as part of ongoing engagement with the banks in which the State has a shareholding, I met with the chairman of the bank referred to by the Deputy. At that meeting, a broad range of topics was discussed one of which was the current remuneration restrictions which apply to the...

Written Answers — Department of Finance: Tax Agreements (24 Jan 2017)

Michael Noonan: Ireland's interaction with Brazil on this important issue is being led by the Irish Ambassador to Brazil. All correspondence with the Brazilian Federal Revenue Service on this issue has to date been through the Ambassador and the Department of Foreign Affairs. My officials and officials from the Revenue Commissioners continue to be actively engaged in supporting the Ambassador in our...

Written Answers — Department of Finance: Fiscal Policy (24 Jan 2017)

Michael Noonan: As the Deputy will appreciate, it is a long standing practise of the Department of Finance not to revise the Budget day fiscal forecasts, based on the end year outturn. However, the Exchequer tax revenue performance will continue to be monitored closely in the coming months, along with all other components of the Exchequer. These performances will be reviewed as part of the next official...

Written Answers — Department of Finance: Tax Code (24 Jan 2017)

Michael Noonan: I note the amendment to the question asked, but the answer I provided to Parliamentary Question 41804/16 on the 17thof this month remains valid. There is no special Capital Acquisitions Tax (CAT) provision for single child families and the same general rules apply for single or multiple child families. Every child can avail of the Group A threshold, so,...

Written Answers — Department of Finance: Departmental Staff Data (24 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 145 and 146 together. I have 1 Secretary General, 1 Second Secretary General and 5 Assistant Secretaries General in my Department at present. The annual pay for each at 1 Jan 2017 is contained in the following table. Post Annual Pay Secretary General x 1 €185,350.00 Second Secretary General x 1 €175,126.00 Assistant Secretary x 1...

Written Answers — Department of Finance: Credit Availability (24 Jan 2017)

Michael Noonan: As the Deputy is aware, small and medium sized businesses, including those in the construction sector, play a central role in the sustainable recovery of the Irish economy. Government policy is focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources. The Deputy will also be aware that in my role as Minister for...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (24 Jan 2017)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) began lending in March 2015 and its purpose is to increase the availability of low cost, flexible funding to SMEs. The SBCI does not lend directly to SMEs; rather it makes funding available to SMEs through both bank and specialist, non-bank finance providers, known as on-lenders. At present, the SBCI has eight on-lending...

Written Answers — Department of Finance: Tax Code (24 Jan 2017)

Michael Noonan: The Home Carer Tax Credit may be claimed by married couples and couples in a civil partnership who are jointly assessed for tax purposes and where one spouse or civil partner provides care for a dependent person. A dependent person for the purposes of the Home Carer Tax Credit includes a child in respect of whom the claimant is in receipt of child benefit, a person aged 65 or over, or a...

Written Answers — Department of Finance: Banking Sector (24 Jan 2017)

Michael Noonan: I am aware that an announcement will be made by the bank concerned next month in relation to its future plans in Ireland and I do appreciate that this is a cause of concern, particularly for customers and employees of the bank in question. However, this is ultimately a commercial decision for the management team and board of the bank, having due regard to their...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 Jan 2017)

Michael Noonan: I am informed by Revenue that the provisions of the Disabled Driver and Disabled Passengers (Tax Concessions) Regulations 1994 (as amended) applies only to vehicles that have been specially constructed or adapted for use by a person with disabilities. To qualify for the Scheme a person must have a primary medical certificate and the vehicle involved must be specially constructed or adapted to...

Written Answers — Department of Finance: Primary Medical Certificates (24 Jan 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (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, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: Legislative Programme (24 Jan 2017)

Michael Noonan: The following table sets out the purpose of each piece of legislation under my Department which is listed on the Government Legislation Programme for the Spring/Summer Session 2017. Title Purpose Financial Services and Pensions Ombudsman Bill The purpose of the legislation is to amalgamate the Financial Services Ombudsman and the Pensions Ombudsman. The proposed Bill will amend, update...

Written Answers — Department of Finance: Help-To-Buy Scheme (19 Jan 2017)

Michael Noonan: I assume the Deputy is enquiring about the parameters of the Help to Buy incentive which was initially announced on 19 July 2016 as part of the "Rebuilding Ireland: Action Plan for Housing and Homelessness." The design of the scheme was outlined in Budget 2017, and the full details were set out in Finance Act 2016. The initiative aims to assist a first-time purchaser fund the...

Written Answers — Department of Finance: Help-To-Buy Scheme (19 Jan 2017)

Michael Noonan: I assume the Deputy is referring to the 'Help to Buy' incentive which was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness' and provided for in the recent Budget and Finance Act. The Action Plan contains a significant volume of responses to the current housing crisis, of which the Help to Buy incentive is...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (19 Jan 2017)

Michael Noonan: Retrospective claimants for the Help to Buy incentive are taxpayers who have either contracted to purchase, or have drawn down the first tranche of their qualifying loan to self-build their home, in the period between 19 July 2016 and 31 December 2016, inclusive. I am advised by Revenue that the online claim process for retrospective claimants differs from that for current...

Written Answers — Department of Finance: Bank IT Systems (19 Jan 2017)

Michael Noonan: I have consulted with the Central Bank on this matter and I understand that it does not hold the data sought. Customers have a legitimate expectation of high quality, uninterrupted services, whether provided through traditional or online channels. It is my role as Minister for Finance to put in place an appropriate legislative framework for the regulation of the financial services...

Written Answers — Department of Finance: Banking Operations (19 Jan 2017)

Michael Noonan: I am aware that my officials in the Department of Finance were in contact with the Deputy's office and received confirmation of the hedge fund to which the question refers to. I can confirm that I had no such consultation, as described in the Deputy's question, in relation to this fund, nor am I aware of any officials in my Department having done so. Furthermore,...

Written Answers — Department of Finance: Banking Operations (19 Jan 2017)

Michael Noonan: I am aware that my officials were in contact with the Deputy's office to confirm the identity of two parties to which the question refers. As far as I am aware, neither I nor my officials have consulted with the two parties or their representatives, as identified by the Deputy's office, in relation to legal action taken by these parties against the bank referred to in...

Written Answers — Department of Finance: Credit Availability (19 Jan 2017)

Michael Noonan: As the Deputy is aware, Government policy is focused on ensuring that all viable small and medium sized businesses have access to an appropriate supply of credit from a diverse range of bank and non-bank sources.  The Deputy will also be aware that, in my role as Minister for Finance, I have no direct function in the relationship between the banks and their customers.  Also, I have...

Written Answers — Department of Finance: Credit Union Data (19 Jan 2017)

Michael Noonan: There are currently three funds in place which can be utilised under certain conditions to fund credit unions, two of which have been supported by public funding.  1. The Credit Institutions Resolution Fund (CIRF) The CIRF was established under Section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (2011 Act)....