Results 15,101-15,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% rate for tourism related services will be considered in the context of Budget 2014.

Written Answers — Department of Finance: Tax Yield (16 Jul 2013)

Michael Noonan: According to Budget estimates prepared by my Department the expected yield for 2013 from Local Property Tax is €250 million. I am advised by the Revenue Commissioners that they are confident that this amount will be achieved.

Written Answers — Department of Finance: Departmental Functions (16 Jul 2013)

Michael Noonan: While my Department does not attempt to target property prices, it does closely monitor the property and construction sectors as part of its remit for overall economic performance. In that context, my Department has recently established an inter-agency property group, which brings together key departments and agencies to consider the challenges and opportunities relating to the sector. More...

Written Answers — Department of Finance: Departmental Functions (16 Jul 2013)

Michael Noonan: Ireland's inflation rate during the boom was high by European standards, with Ireland’s rate of HICP – the comparative measurement of inflation across Europe – on average 1.3 percentage points higher than the euro area average between 1999 and 2007. This served to erode Ireland’s competitiveness; making it more difficult for Irish firms to compete on the world...

Written Answers — Department of Finance: Tax Credits (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the increases in the effective income tax rates, estimated by reference to 2013 incomes, that would be brought about by reducing the main personal income tax credits, but not the employee tax credit, in the manner mentioned by the Deputy in Parliamentary Question No 74 (Ref Number 32383/13) of 3 July 2013 are set out in respect of each specified...

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% VAT rate for tourism related services will be considered in the context of Budget 2014.

Written Answers — Department of Finance: VAT Rates Reductions (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the standard rate of VAT, currently 23%, applies to the sale of ice-cream, as it does to most confectionery and sugary foods. In this respect, ice-cream parlours selling ice-cream to customers must charge the 23% rate on the supply of ice-cream. A reduction in the VAT rate on ice-cream would lead to pressure to apply a similar reduction to the...

Written Answers — Department of Finance: Tax Yield (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that statistics are not available which would enable the information requested by the Deputy to be provided. Prescription pain killers are classified within the same economic sector as a wide range of other pharmaceutical products and could not be separately identified without conducting a protracted investigation of the Revenue...

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

Michael Noonan: Any amendments in the VRT area will be considered in the context of the annual Budget.

Written Answers — Department of Finance: Prize Bonds (16 Jul 2013)

Michael Noonan: European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted in July...

Written Answers — Department of Finance: Official Travel (16 Jul 2013)

Michael Noonan: In response to the Deputy's question agencies under the aegis of my Department have supplied me with the following information in regards to their policy regarding overseas travel undertaken by staff members on behalf of the agency concerned. National Treasury Management Agency Overseas travel by NTMA staff is an operational matter for the NTMA Chief Executive. The NTMA has business...

Written Answers — Department of Finance: Departmental Bodies (16 Jul 2013)

Michael Noonan: The information requested by the Deputy is contained in the following table: List of non-commercial State sponsored Bodies Name of Body National Treasury Management Agency National Pensions Reserve Fund Commission National Development Finance Agency Credit Union Restructuring Board (ReBo) In addition the New Economic and Recovery Authority has been set-up on a non-statutory basis...

Written Answers — Department of Finance: VAT Rates Application (11 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: EU Directives (11 Jul 2013)

Michael Noonan: The table lists the relevant details which the Deputy has requested. The Department was represented at the meetings by one or a number of officials on the MiFID Presidency team, and the Central Bank were represented at some of these meetings by one of more of its officials that were assigned to the MiFID team. Discussions on the MiFID Directive also arose in the course of various other...

Written Answers — Department of Finance: Vehicle Registration Issues (11 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the following numbers of Motor Homes or Motor Caravans have been registered in the years 2009 to 2013 to date: - 2009 2010 2011 2012 2013 New 202 250 37 34 27 Used 812 630 270 247 99 Total 1014 880 307 281 126 Motor Homes or Motor Caravans have been liable since the introduction of VRT, but prior to 2011 they were classified for VRT...

Written Answers — Department of Finance: Banking Sector Regulation (11 Jul 2013)

Michael Noonan: I have been informed by the Central Bank that Allied Irish Banks plc holds a banking licence under Section 9 of the Central Bank Act, 1971. This licence allows the bank to conduct banking business. As defined in the Act, “banking business” means business which consists of-- (a) the business of accepting deposits payable on demand or on notice or at a fixed or determinable...

Written Answers — Department of Finance: Fuel Laundering (11 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the numbers of fuel laundries detected in the relevant counties for each of the past five years are detailed in the Table. One person found at the oil laundry detected in Donegal in 2011 was prosecuted at Letterkenny Circuit Court on the 29th January 2013 and received a two-year custodial sentence. A second oil laundry prosecution brought...

Written Answers — Department of Finance: Credit Unions Regulation (11 Jul 2013)

Michael Noonan: The Commission on Credit Unions produced its final Report in March 2012, making recommendations regarding the strengthening of the regulatory framework of credit unions, including more effective governance and regulatory requirements. The key recommendations are in relation to sector restructuring, the details of the new legislative and regulatory framework, and new governance requirements...

Written Answers — Department of Finance: Mortgage Arrears Proposals (11 Jul 2013)

Michael Noonan: The Central Bank has advised me that over the coming period, the Bank will commence publication of additional statistics, designed to provide more information on the level of progress in relation to mortgage arrears resolution. One such additional measure will be the number of newly agreed loan modifications during each reference quarter. This will be captured for both temporary and permanent...

Written Answers — Department of Finance: Pension Provisions (11 Jul 2013)

Michael Noonan: I am informed by the Central Bank that the Central Bank of Ireland Superannuation Scheme has sufficient assets to meet all of its liabilities as prescribed by the Pensions Act. This has been confirmed by the scheme’s actuaries every year since the superannuation scheme was established in 2008 and they continue to monitor the solvency of the scheme on a regular basis. The Central...