Results 161-180 of 19,717 for in 'Written Answers' speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Interest Rates (18 May 2017)

Michael Noonan: Although Ireland is in a monetary union with other Euro area Member States, it has to be acknowledged that there are many factors, such as differences in national legal and housing systems, cultural preferences, language, the proximity of lenders to borrowers, which will continue to inhibit the full integration of the residential mortgage market, and of mortgage...

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

Michael Noonan: VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. While most economic activity is subject to the standard VAT rate of 23%. Construction services already avail of the reduced VAT rate of 13.5%.  Ireland has historically applied the 13.5% reduced rate of VAT to all construction services under a derogation from the EU VAT Directive.  The Programme...

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

Michael Noonan: Over the past few years consumer price inflation has been near zero in Ireland and in the euro area more generally. In 2016 annual inflation in Ireland - as measured by the Harmonised Index of Consumer Prices (HICP) was slightly negative at -0.2 per cent. However, in Ireland and in the euro area, there are signs that inflation is starting to pick-up gradually as the drag on consumer...

Written Answers — Department of Finance: Revenue Commissioners Powers (17 May 2017)

Michael Noonan: Section 1002 of the Taxes Consolidation Act 1997 provides for the use of Attachment Orders by Revenue in situations where a taxpayer or business fails to meet statutory tax payment obligations and opts not to engage in identifying and agreeing a mutually acceptable solution. I am advised by Revenue that its clear preference is always to work with taxpayers experiencing cash-flow difficulties...

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

Michael Noonan: I propose to take Questions Nos. 101 and 102 together. The Deputy may wish to note that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at . In relation to the first question, this Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands. While the Ready...

Written Answers — Department of Finance: Departmental Agencies Expenditure (17 May 2017)

Michael Noonan: In response to the Deputy, I am advised that of the 18 bodies under the aegis of my Department, 8 have incurred costs relating to the rental of car park spaces for the period in question. I have included the details of payments made in each of the years 2011 to 2016 and to date in 2017 in the following table in respect of these 8 bodies, as requested. Of the remaining 10 bodies, the Office...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (17 May 2017)

Michael Noonan: The Central Bank’s Code of Conduct on Mortgage Arrears 2013 (CCMA) sets out how mortgage lenders must treat borrowers in or facing mortgage arrears.  The CCMA applies to the mortgage loan of a borrower which is secured by his/her primary residence. The CCMA provides that a lender must ensure that it has in place a Mortgage Arrears Resolution Process (MARP) as a framework for...

Written Answers — Department of Finance: Tax Rebates (17 May 2017)

Michael Noonan: I am advised by Revenue that a refund of tax for 2016 was made by direct credit to the nominated bank account of the authorised agent of the person concerned on 16 February, 2017.

Written Answers — Department of Finance: Brexit Issues (17 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 Government's 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...

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

Michael Noonan: As the Deputy will be aware, I, as Minister for Finance, have no function in the relationship between the Irish banks and their regulator, the Central Bank of Ireland. The Central Bank is the statutory supervisory and enforcement authority for regulated financial services providers in Ireland, and it is also responsible for protecting the consumer of financial services. As such, it is the...

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

Michael Noonan: I understand that the Deputy is referring to persons employed by bodies under the aegis of my Department through recruitment agencies. I have been advised that of the 18 bodies under the aegis of my Department, 7* bodies have persons employed through agencies. I have included the number of persons in the following table in respect of these 7 bodies, as requested. Of the remaining 11...

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

Michael Noonan: I wish to inform the Deputy that there are no persons employed through agencies in my Department. There are 12 persons employed in the Shareholding and Financial Advisory Division of my Department who are seconded from the NTMA.

Written Answers — Department of Finance: Departmental Agencies Expenditure (17 May 2017)

Michael Noonan: In response to the Deputy, the information which I am providing is in respect of costs incurred to date in 2017. I have been advised that of the 18 bodies under the aegis of my Department, 6* have incurred costs for contracted work completed by external agencies or consultants in human resources and industrial relations. I have included the details of payments made to date in...

Written Answers — Department of Finance: Tax Code (16 May 2017)

Michael Noonan: Section 195 of the Taxes Consolidation Act 1997 empowers the Revenue Commissioners to make determinations in respect of artistic works in the following categories only: 1. a book or other writing 2. a play 3. a musical composition 4. a painting or other like picture 5. a sculpture Guidelines were drawn up by the Arts Council and the then Minister for Arts, Heritage and the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 May 2017)

Michael Noonan: I wish to inform the Deputy that a reply has issued on the subject.  The substance of the reply is as follows: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), an exemption from motor tax and a grant in respect of fuel, on the purchase of an adapted car for transport of a...

Written Answers — Department of Finance: Revenue Commissioners Staff (16 May 2017)

Michael Noonan: I am advised by Revenue that they are currently advertising a number of posts.  The campaigns which are currently underway are for Principal Officer in Revenue’s Large Cases Division (Dublin), Librarian (Dublin), Executive Officers (Tax, Audit and Compliance) (Nationwide) and Printers for Revenue’s Print Centre in Dublin. Campaigns for Solicitor (Dublin, Cork and...

Written Answers — Department of Finance: Tax Code (16 May 2017)

Michael Noonan: I am not in a position to discuss the structure or tax affairs of individual companies.  In the 2016 Finance Act I introduced the Irish Real Estate Fund (IREF). IREFs are investment undertakings (excluding UCITS) where 25% of the value of that undertaking is made up of Irish real estate assets. IREFs must deduct a 20% withholding tax on certain property distributions to...

Written Answers — Department of Finance: Tax Collection (16 May 2017)

Michael Noonan: I am advised by Revenue that the original, and in the case of 2005 and 2006 the revised, Notices of Assessment for the tax years 2001 to 2006, including the assessment to PRSI, were in accordance with the tax returns submitted on behalf of the person concerned. I am informed that whilst there is a general right to repayment of overpaid taxes, the Taxes Consolidation Act 1997 imposes a...

Written Answers — Department of Finance: Tax Collection (16 May 2017)

Michael Noonan: Revenue publishes the total amount of uncollected tax each year in its annual report. The annual reports for each year are available on the Revenue website at . The published figures include both the overall debt and the amount of debt that is available for collection after amounts under appeal to the Tax Appeals Commission or that are included in statutory insolvency activity are factored...

Written Answers — Department of Finance: Banks Recapitalisation (16 May 2017)

Michael Noonan: In December of last year, following a competitive procurement process, three firms were appointed to act as joint global coordinators to lead a selling syndicate in preparation for a possible AIB IPO. On the 23rd of March this year I further announced the addition of five joint bookrunners and a co-lead manager to the syndicate. The syndicate banks have been appointed until July 2018. This...