Results 141-160 of 19,717 for speaker:Michael Noonan in 'Written Answers'

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...

Written Answers — Department of Finance: Cyber Security Policy (18 May 2017)

Michael Noonan: I understand that the Deputy is interested in cyber security arrangements for my Department and a number of Bodies under the Aegis of my Department, namely the National Treasury Management Agency (NTMA), the Central Bank, the Financial Services Ombudsman and  the Office of the Revenue Commissioners. In relation to my Department, I wish to advise that ICT services are provided by the...

Written Answers — Department of Finance: Home Repossessions Rate (18 May 2017)

Michael Noonan: I propose to take Questions Nos. 90 and 91 together. The  Government attaches great importance to the resolution of mortgage arrears and wants to keep families in their homes and avoid repossessions insofar as possible.  The Deputy will be aware of the recent establishment of the Abhaile mortgage arrears resolution service to ensure that those either in mortgage...

Written Answers — Department of Finance: Economic Growth Rate (18 May 2017)

Michael Noonan: I propose to take Questions Nos. 92, 93, 96, 99 and 102 together. In general, recent indicators have been very positive, indicating that the economic recovery is continuing at a robust pace. The preliminary estimate for full-year GDP growth in 2016 is 5.2 per cent, based on National Accounts data for the fourth quarter of the year, making Ireland the fastest growing economy in the...

Written Answers — Department of Finance: Motor Insurance Regulation (18 May 2017)

Michael Noonan: I established the Cost of Insurance Working Group, chaired by Minister of State, Eoghan Murphy T.D in July 2016.  This Working Group is examining the factors contributing to the increasing cost of insurance and identifying what short, medium and long-term measures can be introduced to help reduce the cost of insurance for consumers and businesses.  The initial focus of the Working...

Written Answers — Department of Finance: Pension Provisions (18 May 2017)

Michael Noonan: Mmembers of defined benefit (DB) pension schemes who have the option of putting funds accumulated under their DB scheme into an Approved Retirement Fund (ARF) on retirement are required, as is the case with members of defined contribution pension arrangements, to invest those funds in an Approved Minimum Retirement Fund (AMRF) or use the funds to purchase an annuity in certain circumstances....

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

Michael Noonan: The position is that cumulative Exchequer tax revenues at the end of March 2017 were slightly below profile, coming in just 2.4% or €282 million under expectations. In terms of the “Big 4” tax headings, corporation tax, income tax and excise duties recorded shortfalls against profile, but VAT was ahead of expectations. Corporation tax receipts of €520 million...

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

Michael Noonan: As the Deputy is aware, supporting SMEs in terms of access to finance has been a cornerstone policy for Government in our efforts to rebuild the economy and bring back jobs. 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. In this regard the Government has developed a number of...