Results 20,781-20,800 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Yield: Tax Yield (4 Jul 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2012 incomes, of increasing the higher rate of income tax by 1 percentage point would be approximately €205 million. This figure is estimated from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends in the...

Written Answers — Tax Yield: Tax Yield (4 Jul 2012)

Michael Noonan: It is assumed that the threshold for the proposed new tax rate mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2012 incomes, of the introduction of a new 50% rate...

Written Answers — Departmental Staff: Departmental Staff (4 Jul 2012)

Michael Noonan: The awarding of an increment in my Department is subject to staff being assessed, on a number of grounds set out in both Department of Finance Circular 09/1987, Increments and in Civil Service Conciliation and Arbitration Scheme, General Council Report 1452, Integration of PMDS with HR Policies and Processes. Subject to all of these conditions being achieved satisfactorily an increment may...

Written Answers — Compact for Growth and Jobs: Compact for Growth and Jobs (4 Jul 2012)

Michael Noonan: As I have said before, my view is that measures to boost economic growth can play an important role in addressing the current crisis in the EU. In this context, Heads of State or Government in the EU decided on a compact for growth and jobs at the European Council on 28th June. This involves action by Member States and at EU level in order to boost growth, investment and employment....

Written Answers — Sale of State Assets: Sale of State Assets (4 Jul 2012)

Michael Noonan: The Government has now agreed the shape and scale of the asset disposal programme to be pursued as a commitment under the EU/IMF Programme, and as provided for in the Programme for Government. The Government has agreed with the Troika sale of state assets up to a value of €3 billion based on the guiding principles that there will be no fire sales, integral transmission and distribution...

Written Answers — Public Sector Staff: Public Sector Staff (4 Jul 2012)

Michael Noonan: In my Department, no staff member who retired in the last six months has been rehired.

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (3 Jul 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that the Tax Credit Certificate issued on 19 December 2011, notifying the taxpayer's respective employers of the relevant tax credits, tax rate bands and Universal Social Charge rate bands is in accordance with the taxpayer's entitlements as claimed.

Written Answers — Tax Code: Tax Code (3 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 180 and 204 together. The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In Ireland the zero rate applies to printed books, including atlases, children's picture, drawing and colouring books and books of music. It is possible for Ireland to apply the zero rate to printed books because...

Written Answers — Proposed Legislation: Proposed Legislation (3 Jul 2012)

Michael Noonan: The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that business is based. The existing betting duty (1%) will be applied to such...

Written Answers — Irish Language: Irish Language (3 Jul 2012)

Michael Noonan: In response to the Deputy's question the total amount of expenditure by my Department on providing services through the Irish language for the period in question is €16,860.19. This expenditure relates to the translation of the budgets and white papers for each of the years in question and the cost translation of the four year plan. The following table outlines the expenditure for the...

Written Answers — Credit Availability: Credit Availability (3 Jul 2012)

Michael Noonan: As I stated in my reply to PQ 163 of 28 February 2012, the banking system restructuring plan creates capacity for the two Pillar Banks, Bank of Ireland and AIB, to provide lending in excess of €30 billion in the next three years. SME and new mortgage lending for these banks is expected to be in the range of €16-20bn over this period. This lending capacity is incorporated into the banks'...

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)

Michael Noonan: As previously advised to the Deputy, there is no single standard set of terms for stapled debt which NAMA may offer to parties acquiring commercial property from NAMA borrowers or receivers. Terms quoted will vary to reflect the attributes of various commercial property categories and individual properties, the varying strengths of tenants and leases, and the strength of...

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)

Michael Noonan: NAMA has advised me that the information sought by the Deputy is commercially sensitive me but also that the instances are few where NAMA has provided this facility. Disclosure of the information would undermine NAMA's future negotiation position in respect of the disposal of residential properties under the control of its debtors and receivers and could thereby reduce the realised proceeds...

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)

Michael Noonan: I can advise the Deputy that there were commitments on NAMA in previous Troika documentation. The May 2011 Memorandum of Understanding with the Troika included a target for the disposal of assets by NAMA by the end of 2013. The NAMA Board had set a target of repaying €7.5bn of the NAMA Senior Bonds in issue by the end of 2013. In the most recent meetings with the Troika it was agreed that...

Written Answers — Tax Yield: Tax Yield (3 Jul 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the information requested in respect of the top 10,000 income earners, estimated by reference to the income tax year 2012, is as follows: Top 10,000 income earners Gross income €5,959 million Average earnings €595,900 Amount of income tax €1,715 million Effective tax rate 29% It should be noted that the figures for tax and effective...

Written Answers — Tax Yield: Tax Yield (3 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 188 to 190, inclusive, together. I am advised by the Revenue Commissioners that the information requested in respect of the top 1% of income earners, top 10% of income earners and the top 20% of income earners estimated by reference to the income tax year 2012, are set in the following table: Top 1% of income earners Top 10% of income earners Top 20% of...

Written Answers — Tax Yield: Tax Yield (3 Jul 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the number of income earners earning more than €100,000 per year, estimated by reference to the income tax year 2012, is 113,500. As the Deputy is aware, the top rate of income tax is 41 per cent, which applies to single individuals earning in excess of €32,800, married one-earner couples earning in excess of €41,800 and married...

Written Answers — Legal Cases: Legal Cases (3 Jul 2012)

Michael Noonan: In response to the Deputy's question the following table gives the details requested by the Deputy. The information has been provided by the Chief State Solicitors Office using the Chief State Solicitors Office/ Attorney Generals Office case management system which includes all cases where the Department of Finance or Minister is listed as a client of the Chief State Solicitor's or Attorney...

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)

Michael Noonan: I am advised by NAMA that it acquired loans secured on this property in December 2010; that the property, comprising two-bedroom duplex units and three-bedroom apartments, was poorly constructed, had been subject to continuous vandalism and anti-social behaviour, including the removal of all fixtures and fittings; and had become a significant source of concern for neighbouring residents. I...

Written Answers — Departmental Staff: Departmental Staff (3 Jul 2012)

Michael Noonan: The following table outlines the details of allowances paid out in my Department between pay period 2011/27 and 2012/27: Pay Code Description Total Allowance subject to Tax Higher Duty Allowance Pre 95 21339.91 Y Assistant Head Service Officer Allowance 2653.36 Y Footwear Allowance 2405.00 N Franking Machine Allowance 1818.96 Y Delegates Allowance 49174.73 Y Higher Duty Allowance...