Results 1,901-1,920 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Brexit Issues (22 Nov 2016)

Michael Noonan: The Department of Finance has been assessing and preparing for the impact of Brexit since well before the referendum on 23 June 2016. This includes publication, under the joint Department of Finance/ESRI research programme, of two reports on the potential economic impacts of Brexit, in November 2015 and November 2016. Brexit issues are discussed as the principal standing...

Written Answers — Department of Finance: Departmental Properties (22 Nov 2016)

Michael Noonan: In response to the Deputy's query I would like to advise that, as the Office of Public Works (OPW) manages and maintains the State's property portfolio, the Minister with responsibility for the OPW is better placed to advise you on the details of properties managed by that Office. In respect of the bodies under the aegis of my Department I have been advised that: 1. IBRC (in Special...

Written Answers — Department of Finance: Tax Credits (22 Nov 2016)

Michael Noonan: I am advised by Revenue that in 2014, the most recent year for which figures are available, the maximum amount of home carer tax credit available was €810 and the overall cost to the Exchequer for this credit was an estimated €60.9 million, in respect of 80,900 recipients. In 2016 the home carer tax credit was increased to €1,000 and I announced in the recent Budget that...

Written Answers — Department of Finance: Mortgage Schemes (22 Nov 2016)

Michael Noonan: An equity release scheme may include either a "home reversion agreement" or a "lifetime mortgage". "Home reversion agreements" are in effect a type of property transaction where the vendor sells an interest in his/her home to a Home Reversion Firm for a discounted sum or an income (or both) whilst retaining the right to live in the home until the vendor permanently...

Written Answers — Department of Finance: Mortgage Interest Relief Extension (22 Nov 2016)

Michael Noonan: The Deputy will be aware that there is a commitment in the Programme for a Partnership Government to retain mortgage interest relief (MIR) beyond the current end date on a tapered basis. As legislation currently provides for the relief to continue to end-December 2017, it was not necessary to include legislation in Finance Bill 2016 to provide for the tapered extension of the relief....

Written Answers — Department of Justice and Equality: EU Directives (17 Nov 2016)

Michael Noonan: Directive 29/2012 of the European Parliament and of the Council, known as the Victims Directive, came into force on 16 November, 2015 across the European Union. The Directive provides that victims of crime will be able to: - understand and be understood - receive information - be heard - access victim support services - enjoy safeguards in the context of restorative justice services...

Written Answers — Department of Finance: Insurance Costs (17 Nov 2016)

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: Vehicle Registration (17 Nov 2016)

Michael Noonan: I am advised by Revenue that as a certificate of conversion was not required to register the vehicle concerned, Revenue is unable to assist with this matter.

Written Answers — Department of Finance: Pensions Legislation (17 Nov 2016)

Michael Noonan: I am informed by Revenue that an Approved Retirement Fund (ARF) is a post-retirement investment product into which an individual may opt to transfer their pension fund on retirement as an alternative to annuity purchase.  The beneficial ownership of the assets in an ARF vests in the individual, and the ARF structure allows those personal assets to be segregated from the individual's...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (17 Nov 2016)

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 be in possession of a Primary Medical...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (17 Nov 2016)

Michael Noonan: The Help to Buy scheme, as published in the Finance Bill, requires that in order for a first-time buyer to be eligible for the scheme, he or she must have signed a contract to purchase a new residence, or in the case of self-builds, drawn down the first tranche of a mortgage, on or after 19 July 2016. The date of 19 July was chosen as it was the date of the launch of...

Written Answers — Department of Finance: Banking Sector Investigations (17 Nov 2016)

Michael Noonan: The Tomlinson report dealt with the lending practices of UK banks to Small and Medium Sized Enterprises (SMEs) and it alleged that a division of Royal Bank of Scotland (RBS), the Global Restructuring Group, was guilty of "systematic and institutional behaviour" in artificially distressing otherwise viable businesses. Following this report, the UK's Financial Conduct Authority (FCA) appointed...

Written Answers — Department of Finance: Financial Services Ombudsman Data (17 Nov 2016)

Michael Noonan: At the outset, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions. The Central Bank and Financial Services Authority of Ireland Act, 2004 provided for the establishment of the Financial Services Ombudsman Council.  Under Section 57BE, the Financial Services Ombudsman Council may impose levies and fees to...

Written Answers — Department of Finance: Financial Services Ombudsman Data (17 Nov 2016)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions. Information on complaints numbers is available in the Annual Reports of the Financial Services Ombudsman at . The Financial Services Ombudsman has informed me that the information requested by the Deputy is contained in the following table: Year...

Written Answers — Department of Finance: Semi-State Bodies Remuneration (17 Nov 2016)

Michael Noonan: There is one body under the aegis of my Department which could be referred to as a semi-state company. The Strategic Banking Corporation of Ireland (SBCI) is a private limited company established under the Strategic Banking Corporation of Ireland Act 2014. The SBCI was formed and registered under the Companies Acts. The issued share capital of the SBCI is owned solely by the...

Written Answers — Department of Finance: Services for People with Disabilities (16 Nov 2016)

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 be in possession of a Primary Medical...

Written Answers — Department of Finance: Motor Insurance (16 Nov 2016)

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 inability to...

Written Answers — Department of Finance: Vehicle Registration (16 Nov 2016)

Michael Noonan: I am informed by Revenue that an increase in the volume of applications to the NCT for vehicle registrations has resulted recently in some increase in waiting times. In response, by the end of November, nine additional staff will be available for VRT work in a number of NCTS Centres nationally.  A VRT function is being added to the Deansgrange NCTS Centre this month to allow for more...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Nov 2016)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) currently operates a Sustainability and Responsible Investment Policy, which is published on ISIF's website. In addition, the Fund operates to high international standards and invests in line with both the UN-sponsored Principles for Responsible Investment (PRI) and the Santiago Principles, which are the globally accepted best practice principles...

Written Answers — Department of Finance: Tax Code (16 Nov 2016)

Michael Noonan: I am advised by Revenue that a capital gains tax (CGT) relief applies in respect of a gain made by a couple who are legally separating on the disposal of their family home together with land occupied as its gardens or grounds up to an area (exclusive of the site of the residence) of one acre. For full relief to apply, the house must have been occupied by the individuals as their family home...