Results 20,861-20,880 of 27,019 for speaker:Michael Noonan

Written Answers — Health Insurance: Health Insurance (26 Jun 2012)

Michael Noonan: Neither I nor the Central Bank have any role in relation to this matter. The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter for the companies concerned based on the assessment of the risks involved. The Deputy may wish to draw his concerns to the attention of the Health Insurance Authority.

Written Answers — National Asset Management Agency: National Asset Management Agency (26 Jun 2012)

Michael Noonan: I am advised that NAMA did not take out credit default protection against the short-term financing facility. I am also advised that for the duration of the short-term financing facility between NAMA and IBRC, NAMA received a rate of return of 2.35%, which was above its interest cost on its NAMA Senior Bonds. The difference represents the agency's profit in relation to this transaction. In...

Written Answers — State Banking Sector: State Banking Sector (26 Jun 2012)

Michael Noonan: I am not aware of any such announcement. As the Deputy will be aware, risk management policies and actions are a matter for the Management and Board of the Bank of Ireland. I have no role in the day-to-day commercial and operational decisions of the bank, which include these matters. These decisions are taken by the board and management of the institution.

Written Answers — Credit Unions Regulation: Credit Unions Regulation (26 Jun 2012)

Michael Noonan: The Credit Union Bill 2012 is to be published during Q3 2012 in accordance with the modified structural benchmark under the EU-IMF Programme. The General Scheme of the Bill was considered by the Government at its meeting earlier today and the intention is to publish the General Scheme this week and to refer it to the Joint Committee on Finance and Public Expenditure and Reform.

Written Answers — Departmental Staff: Departmental Staff (26 Jun 2012)

Michael Noonan: I propose to take Questions Nos. 168, 171 and 178 together. My Department does not have a redeployment pool.

Written Answers — Public Sector Pay: Public Sector Pay (26 Jun 2012)

Michael Noonan: Any matters relating to the remuneration and pensions of public servants are dealt with by colleague, the Minister for Public Expenditure and Reform.

Written Answers — Tax Reliefs: Tax Reliefs (26 Jun 2012)

Michael Noonan: Although there are no specific tax reliefs for video games producers, a broad range of tax reliefs are available for which video games producers could qualify. Some of these are detailed below. The Employment and Investment Incentive (EII) is available to the majority of trades, including video game producers. Under this scheme, companies can raise up to €2.5 million per annum, subject to a...

Written Answers — State Banking Sector: State Banking Sector (26 Jun 2012)

Michael Noonan: As the Deputy is aware the Board of the bank is responsible for the day to day operation of the bank including the management of staff members and structures generally. I have been informed by the bank that since nationalisation there has been a c. 65% reduction in total headcount (excluding NAMA servicing unit) in the combined Anglo Irish Bank and INBS organisations from close to 2,250 in...

Written Answers — Ministerial Meetings: Ministerial Meetings (26 Jun 2012)

Michael Noonan: I attended the Bilderberg meeting in Westfield Marriot, Chantilly, Virginia, USA, from 1 to 3 June 2012. I, like a number of my European colleagues (both Ministers and EU Commissioners), was invited to attend given my position as Minister for Finance. I travelled alone and the total cost associated with my travel and accommodation came to €4,358.33. For further information, I would point...

Written Answers — Tax Collection: Tax Collection (26 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the outstanding liabilities for the taxpayers in question are: - 2009 Income Tax outstanding in the sum of €1,128.32 in accordance with the notice of assessment to income tax, which issued on 30/05/2012. (Liability per the notice of assessment €13,902.32 less tax paid €12,774.00 balance due €1,128.32). - 2010 Income tax outstanding in the...

Written Answers — EU-IMF Programme: EU-IMF Programme (26 Jun 2012)

Michael Noonan: Under Ireland's EU-IMF Programme, which is due to expire at the end of 2013, a total of €67.5 billion in loans will be provided from EU facilities, bilateral loans and the IMF. At the 15th of June 2012, Ireland's liabilities under the EU/IMF Programme amount to €51 billion. In relation to the current repayment schedule and interest rate applicable for each tranche of loans under the...

Written Answers — State Banking Sector: State Banking Sector (26 Jun 2012)

Michael Noonan: As the Deputy will be aware, the Bank's policy in relation to lending rates is a matter for the management and board of the institution. I have no role in the day-to-day commercial and operational decisions of the banks, which include these matters. These decisions are taken by the board and management of the institution. Notwithstanding the fact that the State is a significant shareholder in...

Written Answers — Tax Collection: Tax Collection (26 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that as the Revenue Chairman stated before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform in January this year, Revenue is examining in detail the 2,500 highest risk cases which are those cases where there is a mismatch between the Department of Social Protection (DSP) pension information contained on Revenue's records and...

Written Answers — Motor Vehicle Registration: Motor Vehicle Registration (26 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that quad bikes manufactured for use on the road may be registered for vehicle registration tax purposes in the State provided that the application for registration is accompanied by an appropriate certificate of conformity issued by the manufacturer under Type Approval Directive 2002/24/EC (as amended). In the case of quad bikes previously...

Written Answers — Departmental Staff: Departmental Staff (26 Jun 2012)

Michael Noonan: The retirement lump sum is 3/80ths of pensionable remuneration for each year of reckonable service, subject to a maximum of 1.5 times pensionable remuneration. Lump sum superannuation benefits (i.e. retirement lump sums and all gratuities) are calculated by reference to pensionable remuneration and reckonable service. Pensionable remuneration is the aggregate of pensionable salary and...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (26 Jun 2012)

Michael Noonan: The Deputy will be aware that the proposal for a banking union, first mooted by Commission President Barroso on 23 May, has developed over the last number of weeks in the context of the ongoing eurozone crisis, culminating in the paper on Economic and Monetary Union to be considered at this week's European Council meeting. One of the main proposals in the paper on Economic and Monetary Union...

Written Answers — Strategic Investment Fund: Strategic Investment Fund (26 Jun 2012)

Michael Noonan: The purpose of the Strategic Investment Fund (SIF) is to channel commercial investment from the National Pensions Reserve Fund (NPRF) towards productive investment in the Irish economy. As well as money from the NPRF, the SIF will seek matching commercial investment from private investors and target investment in areas of strategic significance to the future of the Irish economy. I am...

Written Answers — Motor Vehicle Registration: Motor Vehicle Registration (21 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that under the provisions of Regulation 7(1)(c) of SI 318/1992 as amended by SI 400/2010 where a person presents a vehicle for registration and that vehicle is being registered in their name, a PPS number is requested and recorded at the time the vehicle is registered. However the majority of vehicles are registered by third parties, i.e. motor...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (21 Jun 2012)

Michael Noonan: The Central Bank has advised me that it has no statutory role in the setting of standard variable interest rates except for a limited role in relation to credit unions. The standard variable rate that financial institutions operating in Ireland charge to customers are determined as a result of a commercial decision by the institutions concerned. This interest rate is determined taking into...

Written Answers — Tax Reliefs: Tax Reliefs (21 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that in the case of a couple who are jointly assessed to tax the rate of tax relief under the travel pass scheme is their marginal rate of tax; (that is, the rate of tax they pay on every extra euro of income earned). The tax relief under the travel pass scheme is given automatically at source by the employer and does not have to be claimed. If the...