Results 1-20 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Education and Skills: Pension Provisions (30 Jan 2018)

Michael Noonan: 261. To ask the Minister for Education and Skills if a person (details supplied) is eligible to purchase additional pensionable years; if so, the conditions or options for such purchase; if they purchase the additional years the estimated additional and pension entitlement of the pension if they retire at the end of 2018 or if they continue to work until their compulsory retirement date; and...

Written Answers — Department of Finance: Question Heading for question(s) 63 (1 Jun 2017)

Michael Noonan: I wish to advise the Deputy that my Department operates under State Indemnity, a self-insurance model whereby the State bears the financial risk associated with the cost of claims. The National Treasury Management Agency (NTMA) is designated as the State Claims Agency (SCA) when performing the claims and risk management functions delegated to it under the National Treasury Management...

Written Answers — Department of Finance: Public Procurement Contracts Data (1 Jun 2017)

Michael Noonan: As the Deputy will be aware, on Tuesday evening I released an 'Intention to Float' (ITF) announcement, indicating that my Department is preparing for the sale of around 25% of the State's shareholding in AIB. This offering will include an opportunity for retail investors to participate on the same terms as institutional investors. The structure of the retail element is informed by previous...

Written Answers — Department of Finance: VAT Rate Application (1 Jun 2017)

Michael Noonan: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive 2006, Irish legislation applies the standard rate of VAT, currently 23%, to the supply of legal services; the type of legal service being provided has no impact on the application of VAT to the legal fees charged. Under the Directive there is...

Written Answers — Department of Finance: Tax Exemptions (1 Jun 2017)

Michael Noonan: I have been advised by Revenue that, following the dissolution of a marriage or a civil partnership, transfers of property between the spouses or civil partners are exempt from stamp duty where they are made on foot of a court order made under the relevant provisions of the Family Law Act 1995, the Family Law (Divorce) Act 1996 or the Civil Partnership and Certain Rights and Obligations of...

Written Answers — Department of Finance: Insurance Costs (1 Jun 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: Tax Data (1 Jun 2017)

Michael Noonan: I am advised by Revenue that they require further details to establish whether they have the relevant information in respect of the person concerned. Revenue will make direct contact with the person concerned with a view to providing whatever assistance is possible.

Written Answers — Department of Finance: EU Funding (1 Jun 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 2017. Our priorities are clear: minimising the impact on trade and the economy, protecting the Northern Ireland Peace Process, maintaining the Common Travel Area and influencing...

Written Answers — Department of Finance: Central Bank of Ireland Staff (1 Jun 2017)

Michael Noonan: I am informed by the Central Bank that one employee was placed on garden leave in 2017 for a duration of 4.75 months. Arising from the seniority of the post, the cost of the garden leave is €122,000 inclusive of payment for untaken annual leave which was due and is being taken during this period.  Garden leave is provided for in contracts of employment for key roles to...

Written Answers — Department of Finance: Insurance Compensation Fund (1 Jun 2017)

Michael Noonan: The Supreme Court delivered its judgment on 25 May 2017 overturning the previous decisions of the High Court and the Court of Appeal, finding that the Motor Insurers’ Bureau of Ireland (MIBI) is liable in respect of third party motor insurance claims made against the policyholders of Setanta Insurance. Therefore, the Insurance Compensation Fund (ICF) has been deemed responsible for...

Written Answers — Department of Finance: Stability and Growth Pact (1 Jun 2017)

Michael Noonan: The fiscal rules - formally known as the Stability and Growth Pact (SGP) - have direct application through a number of EU regulations and domestically via the Fiscal Responsibility Act. 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...

Written Answers — Department of Finance: Insurance Data (1 Jun 2017)

Michael Noonan: It is not possible to provide the details sought by the Deputy.  The Central Statistics Office does not produce statistics on the price or price variance of whole-of-life insurance.  Similarly, the Central Bank of Ireland does not collate any industry statistics on whole-of-life policies specifically, and neither does it collect any data in relation to average premium and average...

Written Answers — Department of Finance: Banking Licence Applications (1 Jun 2017)

Michael Noonan: The Central Bank (or where appropriate the ECB) has responsibility for the authorisation of regulated financial service providers in Ireland.  However, the Central Bank has advised that, due to confidentiality reasons, it does not comment on applications for authorisation. A full list of authorised firms is available on the Central Bank's website at .

Written Answers — Department of Finance: Banking Sector Data (1 Jun 2017)

Michael Noonan: I have been informed by the Central Bank that it does not routinely publish specific data on entities who are not regulated by the Central Bank and it is therefore not possible to provide the number and value requested by the Deputy. I would however refer the Deputy to the Report on Mortgage Arrears which the Central Bank provided to the Minister for Finance in June 2016() which provides...

Written Answers — Department of Finance: Revenue Commissioners Reports (1 Jun 2017)

Michael Noonan: I am informed by Revenue that it is their policy that all opinions issued to taxpayers, including multinational companies and other taxpayers, have a maximum validity period of 5 years.  Giving effect to this policy, Revenue published guidance in January of this year (eBrief No. 8 of 2017) confirming that any opinion issued more than 5 years ago, and on which a taxpayer wishes to...

Written Answers — Department of Finance: Central Bank of Ireland Staff (1 Jun 2017)

Michael Noonan: I am informed by the Central Bank that the Central Bank Commission has approved a staffing level of 1,801 FTEs for 2017. This is split across the three Pillars of Financial Regulation, Central Banking, and Operations (including FTEs for the Bank wide graduate programme).  The Central Bank has provided the table below which outlines the level of actual FTEs versus approved FTEs...

Written Answers — Department of Finance: IBRC Liquidation (1 Jun 2017)

Michael Noonan: As set out in the most recent progress update of 5 May 2017 (which is available on the Department of Finance website ), the Special Liquidators have cash receipts of €1.9bn on hand as at 6 February 2017. In December 2016, the Special Liquidators commenced the payment of an interim dividend of 25% to all admitted unsecured creditors of the liquidation, including the State who is...

Written Answers — Department of Finance: Insurance Costs (1 Jun 2017)

Michael Noonan: The Cost of Insurance Working Group is now in its second phase and is examining issues around the cost of insurance for businesses, specifically Employer Liability (EL) Insurance and Public Liability (PL) Insurance.  It is envisaged that the final results of this second phase will take the form of an addendum to the existing Report.  As with the first phase, the aim is for all...

Written Answers — Department of Finance: Insurance Industry (1 Jun 2017)

Michael Noonan: I propose to take Questions Nos. 80 to 82, inclusive, together. The Supreme Court in delivering its judgment on 25 May 2017 overturned the previous decisions of the High Court and the Court of Appeal that the Motor Insurers’ Bureau of Ireland (MIBI) is liable in respect of third party motor insurance claims made against the policyholders of Setanta Insurance.  The consequence...

Written Answers — Department of Finance: Revenue Commissioners Data (1 Jun 2017)

Michael Noonan: I propose to take Questions Nos. 83 and 84 together. The following table sets out the number of End of Year Statements (P21s) for PAYE taxpayers that have issued, to date, for the years 2012 to 2016: Year Total Issued 2012 1,071,941 2013 1,115,476 2014 1,000,670 2015 838,588 2016 422,578 In the time available I am advised by Revenue that it was not possible to compile the same...