Results 1,561-1,580 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Motor Insurance Regulation (17 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: NAMA Portfolio (17 Jan 2017)

Michael Noonan: The Deputy will appreciate that NAMA does not own or manage properties.  NAMA has acquired loans.  The properties securing those loans continue to be managed by their legal owners or, in the case of enforcement, by duly appointed insolvency practitioners.  Insolvency practitioners such as receivers and administrators act as agents of the original owners of the properties,...

Written Answers — Department of Finance: Banking Sector Regulation (17 Jan 2017)

Michael Noonan: From 4 November 2014, the European Central Bank (ECB) has had 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...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (17 Jan 2017)

Michael Noonan: The scheme and qualifying criteria were designed specifically for those with severe physical disabilities. I frequently receive correspondence from applicants who do not meet the qualifying criteria but feel that they would benefit from the scheme.  While I am sympathetic to those who do not qualify for the Scheme, I cannot, given the scope of the Scheme, expand it further within the...

Written Answers — Department of Finance: Tax Code (17 Jan 2017)

Michael Noonan: Capital Acquisitions Tax (CAT) is the overall title for both Gift and Inheritance Tax. The tax is charged on the amount gifted to, or inherited by, the beneficiary of the gift or inheritance. For the purposes of CAT, the relationship between the person who provides the gift or inheritance (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary),...

Written Answers — Department of Finance: Tracker Mortgage Data (17 Jan 2017)

Michael Noonan: As the Deputy is aware, the Central Bank has commenced an industry wide examination of tracker mortgage related issues (the "Examination") covering among other things transparency of communications with and contractual rights of tracker mortgage customers. The Examination is a key priority for the Central Bank and it continues to challenge lenders to ensure that progress is being made and...

Written Answers — Department of Finance: Departmental Funding (17 Jan 2017)

Michael Noonan: There was no provision in the Vote for my Department for funding for projects for the years in question.

Written Answers — Department of Finance: Departmental Legal Costs (17 Jan 2017)

Michael Noonan: The State's intervention in case C-21/15P Commission v Banco Santander and Santusa was lodged in January 2016, following the Government Decision to approve the intervention on 30 April 2015. The Government decided to intervene in these cases because they relate to State Aid and Corporation Tax. All Member States have legal standing to intervene in cases that go before the European courts...

Written Answers — Department of Finance: Corporation Tax Regime (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 262 to 265, inclusive, and 308 together. The Questions involve legal interpretation of matters which are currently before the European Courts. The European Commission published the Final Decision into the Apple State Aid case in December 2016. This was sent to Ireland at the end of August 2016.  As I have reiterated previously, Ireland...

Written Answers — Department of Finance: Tax Credits (17 Jan 2017)

Michael Noonan: The maximum amount of the Home Carer's Tax Credit for the 2017 tax year is €1,100 having been increased in Budget 2017 from €1,000, following an increase the previous year in Budget 2016 from €810. Revenue take a range measures to assist eligible taxpayers in obtaining the credit. In the case of PAYE taxpayers, Revenue has, for a number of years, taken steps to...

Written Answers — Department of Finance: Motor Insurance Regulation (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 267 and 268 together. 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...

Written Answers — Department of Finance: Retail Sector (17 Jan 2017)

Michael Noonan: Rounding of cash transactions was rolled out nationally by the Central Bank from 28 October 2015. One year on from the introduction, an independent opinion poll commissioned by the Central Bank found that 93% of people considered that rounding was a good idea or made no difference. Participation in rounding is entirely voluntary for both retailers and consumers and 1c and 2c coins retain...

Written Answers — Department of Finance: Tax Yield (17 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 270 and 271 together. I am informed by the Revenue Commissioners that the yield from Stamp Duty on debit cards, ATM cards, combined ATM/debit cards, credit cards and charge cards for the years in question is as shown in following table. Year Debit Cards/ATM Cards/Combined Cards Credit Cards and Charge Cards* €m €m 2012 16.54 51.64 2013...

Written Answers — Department of Finance: Motor Insurance Regulation (17 Jan 2017)

Michael Noonan: The Report of the Review of the Framework for Motor Insurance Compensation in Ireland was published on 22 July. As you are aware, this review was carried out jointly by the Department of Finance and the Department of Transport, Tourism and Sport and the report was approved by Government on 19 July.  Since the publication of the report, work has commenced on the...

Written Answers — Department of Finance: Departmental Staff Data (17 Jan 2017)

Michael Noonan: I wish to inform the Deputy that the headcount of civil servants in my Department for each of the years 2007 to 2015, in the gross income ranges requested are detailed in the following table. These figures include any staff member employed during the period 2007 to 2015.  The full time equivalent values of these staff are reflected in the gross pay figures. The...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (17 Jan 2017)

Michael Noonan: The Pyrite Remediation Scheme is primarily a matter for the Minister for Housing, Planning and Local Government. The Deputy will be aware that the scheme has been set up to remediate dwellings that have been significantly damaged as a result of pyritic heave caused by the swelling of hardcore under ground floor slabs. The Scheme has been prepared by the Pyrite Resolution Board (PRB) under...

Written Answers — Department of Finance: Proposed Legislation (17 Jan 2017)

Michael Noonan: As the Deputy has noted there will of course be the usual Finance Bill later in the year as part of the Budget 2018 process.  It is my intention, in the near future, to consider whether there is merit in the development of an additional Finance Bill during 2017.

Written Answers — Department of Finance: Tax Code (17 Jan 2017)

Michael Noonan: I am advised by Revenue that subsection (1A) of section 1078 of the Taxes Consolidation Act 1997 makes it a criminal offence for a person to be knowingly concerned in the fraudulent evasion of tax by another person, to be reckless as to whether or not the person is concerned in facilitating such evasion, or to be knowingly concerned or reckless about a person committing a specific Revenue...

Written Answers — Department of Finance: Income Inequality (17 Jan 2017)

Michael Noonan: I understand that the data used in the document provided comes from the OECD Income Distribution Database (IDD) which is compiled using the EU-SILC survey and shows the change in gross labour income for the top and bottom 10% of the household, rather than the individual, income distribution from 2007 to 2014. The income distribution is calculated for each year by ranking households based...

Written Answers — Department of Finance: VAT Rate Application (17 Jan 2017)

Michael Noonan: With regard to the application of VAT on electricity bills supplied by utility companies, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, the amount on which VAT is chargeable is the total consideration receivable by the supplier, "including all taxes, commissions, costs and charges whatsoever", but not including the VAT itself.  This reflects EU VAT law,...