Results 20,941-20,960 of 27,019 for speaker:Michael Noonan

Written Answers — Job Initiatives: Job Initiatives (19 Jun 2012)

Michael Noonan: Accounting for the way in which the sums of money raised from the Jobs Initiative have been spent is a matter for the Department of Public Expenditure and Reform and the other Departments with responsibility for implementing the measures introduced. Employment data are presented in net terms and information on gross flows into and out of employment is not available, making it difficult to...

Written Answers — Tax Rebates: Tax Rebates (19 Jun 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that PAYE Balancing Statement (P21) for 2011 and refund of tax overpaid will issue shortly to the person concerned.

Written Answers — Consumer Protection: Consumer Protection (19 Jun 2012)

Michael Noonan: Moneylenders are covered by a range of provisions under the Consumer Credit Act 1995, including the annual licensing process by the Central Bank and the register of licensed moneylenders as detailed on the Central Bank's website, www.centralbank.ie. The annual percentage rate (APR) allowable under each moneylending licence is also available on the website. While there is no maximum rate of...

Written Answers — State Agencies: State Agencies (19 Jun 2012)

Michael Noonan: In response to the Deputy's question no quangos, quasi autonomous non-governmental organisations, which are funded partially or wholly, directly or indirectly, by my Department have been abolished, merged, or reduced in scale since the formation of the Government.

Written Answers — National Asset Management Agency: National Asset Management Agency (19 Jun 2012)

Michael Noonan: I am advised by NAMA that the IBRC-NAMA short-term financing transaction was funded by the Agency from its Euro Cash Balances. Prior to the short-term financing NAMA had a Euro cash balance of c. €4.5 billion. NAMA had small non-euro cash balances of less than €60 million.

Written Answers — Tax Code: Tax Code (19 Jun 2012)

Michael Noonan: Ireland, in common with its EU partners, is mindful of the obligation to ensure that the benefits of the EU-Israel Association Agreement are not granted to goods produced in Israeli settlements in either the West Bank or East Jerusalem. The origin of all goods imported into the EU must be declared to customs at the point of entry to the European Union. Where preference is being claimed...

Written Answers — Universal Social Charge: Universal Social Charge (19 Jun 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the information currently available to them, the Universal Social Charge (USC) should not be deducted from the pension of the person concerned. A revised tax credit and USC certificate will shortly issue to the person concerned and to their employer. On receipt of the revised certificate the person's employer will refund any USC...

Written Answers — Tax Rebates: Tax Rebates (19 Jun 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that they have no record of a recent claim from the person concerned. However they have written to the person concerned on 7 June 2012 for information necessary to carry out reviews for 2010 and 2011. A reply is awaited.

Written Answers — National Asset Management Agency: National Asset Management Agency (19 Jun 2012)

Michael Noonan: I am informed by NAMA that all cases are managed to realise the maximum return to the taxpayer. This is typically achieved through agreeing a course of action with the debtor referred to as a consensual arrangement. Prior to reaching a consensual arrangement with debtors cases are managed based on their individual circumstances with a view to achieving a maximum return to the taxpayer which...

Written Answers — European Stability Programmes: European Stability Programmes (14 Jun 2012)

Michael Noonan: The following tables, which have been provided by the NTMA, set out the funding operations done by the EFSM and EFSF where Ireland was a beneficiary. In some cases funding operations were done on behalf of another country at the same time and this is also indicated. The cost of funding to the lender may differ from the ultimate cost of borrowing to the borrower because of fees and other...

Written Answers — Tax Code: Tax Code (14 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that Relevant Contracts Tax (RCT) is a withholding tax system that operates in the construction, forestry and meat processing sectors. Principal contractors are defined in the legislation (section 530A of the Taxes Consolidation Act 1997) as including "any board or body established by or under statute ... and funded wholly or mainly out of funds...

Written Answers — Tax Yield: Tax Yield (14 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that figures of the net receipt of income tax from the PAYE, farming and other self-employed sectors in the year 2011 are as follows: Net Receipt of Income Tax 2011 Tax Head €m % PAYE 8,496.3 85.0 Farmers 103.5 1.0 Other self-employed 1,397.8 14.0 TOTAL 9,997.6 100.0 These figures do not take...

Written Answers — Tax Yield: Tax Yield (14 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the estimated net receipt for VAT (Domestic) for the year 2010 is €9,051 million and the breakdown on a county basis is set out in the table below; corresponding information is not yet available on this basis for either 2011 or 2012 to date. It should be noted that Revenue officers operate within certain geographical boundaries known as...

Written Answers — Tax Yield: Tax Yield (14 Jun 2012)

Michael Noonan: The current Group A tax-free threshold (for gifts/inheritances from parents to children) is €250,000. I am advised by the Revenue Commissioners that the full year yield from reducing the Group A threshold to €200,000 is estimated to be of the order of €15 million. The Group A threshold has already been reduced by 59% from its peak level of €542,544 in early 2009. Revenue does not...

Written Answers — Tax Code: Tax Code (14 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the cost of reducing the VAT rate to 5% on those services currently applying at the 9% reduced rate, is estimated at €330 million. The cost of reducing the standard VAT rate from 23% to 20% is estimated at €850m. With regard to reducing the standard VAT rate on certain business activities from 23% to 15%, this would not be possible under...

Written Answers — Tax Collection: Tax Collection (13 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that a Notice of Assessment to income tax issued to the person in question for 2011 following the receipt of his Return of Income together with a health expenses claim for that year. An underpayment of tax arose as the person and his wife are both in receipt of taxable payments from the Department of Social Protection (DSP) and according to Revenue...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Jun 2012)

Michael Noonan: I am advised by NAMA that 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 counterparties/property...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Jun 2012)

Michael Noonan: I am advised by NAMA that it does not and has not provided financing other than staple financing for the purchase of commercial property under the control of its debtors and receivers. Similarly, NAMA has advised that in the case of purchases of residential property controlled by its debtors and receivers the Agency does not and has not provided financing. The Agency has recently introduced...

Written Answers — Public Sector Staff: Public Sector Staff (13 Jun 2012)

Michael Noonan: The Revenue Commissioners have provided me with the information in the following table in response to the Deputy's question. Table: Retirements 2009 to 12 June 2012 (Headcount) 2009 2010 2011 To 12/6/12 Totals Grade Secretary General level - - - 1 1 Assistant Secretary - 3 - 2 5 Principal Officer 27 15 10 11 63 Assistant Principal 74 36 13 47 170 Higher Executive Officer 152 33 22 62...

Written Answers — Official Travel: Official Travel (13 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...