Results 181-200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector (18 May 2017)

Michael Noonan: As the Deputy will be aware, the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs is the lead Department in respect of the Programme for Government commitment to thoroughly investigate the Sparkassen model of local public banks that operate within well-defined regions. The Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs, with the assistance of...

Written Answers — Department of Finance: European Investment Bank Loans (18 May 2017)

Michael Noonan: ISIF and the wider NTMA is examining the feasibility of establishing, in conjunction with the private sector, a Housing Investment Fund, in a way that is both off-balance sheet and is commercially viable. This vehicle should be capable of funding the delivery of substantial new mixed-tenure residential developments, comprising social and private housing. Whilst a major objective of any...

Written Answers — Department of Finance: Credit Unions (18 May 2017)

Michael Noonan: As previously referred to in Parliamentary Question numbers 191 of 4 April 2017 and 208 of 28 February 2017, the Government has been exploring potential mechanisms that would facilitate investment in social housing, including the off-balance sheet potential of private institutional investment. Ireland Strategic Investment Fund (ISIF) led engagement on the Housing Fund...

Written Answers — Department of Finance: Brexit Issues (18 May 2017)

Michael Noonan: The Government has published  a comprehensive document on ‘Ireland and the negotiations on the UK’s withdrawal from the European Union under Article 50 of the Treaty on European Union’ on 2 May. The Governments position in relation to the border with Northern Ireland in the context of Brexit is very clear - continued freedom of movement, absence of a hard border,...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (18 May 2017)

Michael Noonan: The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was published in October 2016 and discussed at the November 2016 ECOFIN meeting.  During the discussion, which was held in public session, a number of my fellow Ministers gave some initial impressions of the proposal. At the December 2016 ECOFIN, Council Conclusions were approved in respect of the...

Written Answers — Department of Finance: Credit Union Restructuring (18 May 2017)

Michael Noonan: The Credit Union Advisory Committee (CUAC) in its Review of Implementation of the Recommendations in the Commission on Credit Unions Report (the Report) recommended the establishment of an Implementation Group for a specified period of time to oversee and monitor implementation of its recommendations in a methodical manner and to advise the Minister for Finance on...

Written Answers — Department of Finance: Credit Union Services (18 May 2017)

Michael Noonan: As previously referred to in Parliamentary Question number 197 on 4 April 2017, the Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit union wishes to...

Written Answers — Department of Finance: Tax Yield (18 May 2017)

Michael Noonan: The Domicile Levy was introduced in the 2010 Finance Act and is payable on or before 31 October in the year following the valuation date on a self-assessment basis. For example the due date in respect of 2010 was 31 October 2011. The valuation date is 31 December each year. The legislation providing for the levy does not require an individual to indicate their residence on the return made...

Written Answers — Department of Finance: Tax Data (18 May 2017)

Michael Noonan: I am informed by Revenue that, as there are no statistics available to it in respect of the number of individuals who would come within the terms of the Deputy’s question, it is not possible to provide the estimate sought.  However, Revenue continually monitors developments to ensure that its compliance programmes, including joint initiatives with the Department of Social...

Written Answers — Department of Finance: Stability and Growth Pact (18 May 2017)

Michael Noonan: The fiscal rules - formally known as the Stability and Growth Pact (SGP) - have direct application through a number of EU regulations. Changes to these regulations would have to follow the normal EU approach starting with a proposal from the Commission before consideration by Member States and the European Parliament. However, there are matters within the SGP subject to the...

Written Answers — Department of Finance: Exchequer Returns (18 May 2017)

Michael Noonan: The following table below provides a breakdown of the various tax-heads performance at end-April 2017 against published profile. Tax-head End-April 2017 Outturn €m End-April 2017 Target €m Excess/Shortfall €m Excess/Shortfall % Income Tax (Including USC) 6,179 6,378 -198 -3.1 VAT 4,768 4,511 257 5.7 Corporation Tax 587 811 -223 27.6 Excise Duties 1,740...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (18 May 2017)

Michael Noonan: There were 6,084 applications for the Help to Buy (HTB) incentive up to 11 May 2017; in the same period there were 1,677 claims. The following table sets out the numbers of applications for the incentive. Application Stage 2016 2017 Total Stage 1: Applications made (approved) 1,041 2,580 3,621 Stage 1:Applications made (pending) 272 2,191 2,463 Stage 2:Claims made 894 783 1,667 The...

Written Answers — Department of Finance: Stamp Duty (18 May 2017)

Michael Noonan: I am advised by Revenue that by virtue of the taxpayer confidentiality obligations imposed by section 851A of the Taxes Consolidation Act 1997, they are prohibited from disclosing the information requested by the Deputy.

Written Answers — Department of Finance: Tax Reliefs Eligibility (18 May 2017)

Michael Noonan: I am advised by Revenue that the applicable provision giving a right to repayment of tax is section 865 of the Taxes Consolidation Act (TCA) 1997, where a person has paid an amount of tax which is not due. However, section 865(4) of the TCA provides that that right is subject to the making of a claim within a statutory limit of four years after the end of the chargeable period to which the...

Written Answers — Department of Finance: NAMA Loans Sale (18 May 2017)

Michael Noonan: The information sought by the Deputy is set out in the following table. Loan sale Purchaser Eagle Cerberus Aspen Starwood Holly Lonestar Tower Blackstone Spring Deutsche Maeve Deutsche Boyne Deutsche Jewel Hammerson/Allianz Abbey Apollo I am advised that, of the nine significant loan sales which have been triggered by credible reverse inquiries, in only three out the nine...

Written Answers — Department of Finance: Revenue Commissioners Investigations (18 May 2017)

Michael Noonan: I am advised by Revenue that by virtue of the taxpayer confidentiality obligations imposed by section 851A of the Taxes Consolidation Act 1997, they are prohibited from commenting on the matter referred to by the Deputy.

Written Answers — Department of Finance: Exchequer Returns (18 May 2017)

Michael Noonan: In general, certain illegal activities such as drug smuggling and prostitution are recorded as part of GDP. A requirement to include such activities in the National Accounts has existed since the European System of Accounts (ESA) 1995 version of the standards were introduced. However, lack of data sources for the relevant illegal activities caused measurement issues for all EU Member...

Written Answers — Department of Finance: Sale of State Assets (18 May 2017)

Michael Noonan: There is no functional difference between the terms of use for the proceeds of the sale of Aer Lingus and proceeds from the partial disposal of AIB shares. In statistical terms, the disposal of the shares is considered a financial transaction, meaning that the proceeds will not be recognised as general government revenue and will not improve the general government...

Written Answers — Department of Finance: Sale of State Assets (18 May 2017)

Michael Noonan: As I have previously stated for the Deputy in Parliamentary Question number 87 of the 09/03/2017 the proceeds from the partial disposal of AIB shares would, in the first instance, go to the ISIF.  Such proceeds can then be transferred on to the Exchequer if the Minister for Finance so directs.  In statistical terms, the disposal of shares will be a financial transaction, which means...

Written Answers — Department of Finance: Protected Disclosures Data (18 May 2017)

Michael Noonan: New protections for persons making protected disclosures to the Central Bank came into force on 1 August 2013. This also introduced new obligations on certain categories of persons in regulated firms to disclose breaches of financial services legislation to the Central Bank. The Central Bank has established a whistleblower desk and put in place policies and procedures to ensure that such...