Results 21,521-21,540 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: The information requested by the Deputy is detailed in the Appropriation Accounts for the relevant years. The Appropriation Accounts are available online at www.audgen.gov.ie. The 2011 Appropriation Accounts have not yet been finalised by the Office of the Comptroller and Auditor General.

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: Neither the 2009 Relationship Framework nor the current Relationship Framework document force IBRC to disclose to the Minister fees paid to outside advisors. I am not aware, nor are my officials aware, of the fees charged by every advisor that has been engaged by IBRC or the former Anglo Irish Bank or the Irish Nationwide Building Society on an on-going basis. It is important to appreciate...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: IBRC operates a procurement policy which has been set by the Board. An integral aspect of procurement is a governance process to monitor adherence to policy. The Bank's procurement policy is designed to ensure that goods and services are procured in the most cost-effective manner, while ensuring that the process is completed in an open, objective and transparent way. There have been and...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: The Department has received a number of communications from parties with an interest in providing advice to the State or State owned companies since the appointment of the company referred to in the Question by IBRC became public information. This information related to the appointment of the particular company was provided on an informal basis and is deemed to be confidential in nature. Had...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: IBRC operates to a Group Travel Policy which has been approved by the Directors of the Board of the Bank. This policy applies to both domestic and foreign travel. Details of the flights and accommodation of the Group Executives of IBRC, in the day to day running of the Bank, are therefore a matter for the Board of the Bank. I have been informed that under the travel policy economy class is...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: The Deputy may wish to note that Goldman Sachs is not engaged by this Department. I am informed that my Department is not aware of any meetings between Goldman Sachs and the company referred to in the question, and staff from the Department have not been involved in conference call in which Staff from Goldman Sachs and the company referred to. Finally Goldman Sachs has not advised the...

Written Answers — National Asset Management Agency: National Asset Management Agency (24 Apr 2012)

Michael Noonan: I am advised by the Office of the Comptroller and Auditor General that he conducts his audits of NAMA in accordance with International Standards on Auditing. The Standards set out the basic principles and essential procedures with which an auditor must comply. Subject to the need to comply with the Standards, the question of what audit procedures are required for any particular audit is a...

Written Answers — Tax Collection: Tax Collection (24 Apr 2012)

Michael Noonan: The relevant taxes in this case are Income Tax, the Income Levy and the Universal Social Charge collected under the PAYE system. I am informed by the Revenue Commissioners that for the calendar year 2011, the latest year for which the necessary detailed information is available, the total yield from these taxes was 33 per cent of the total Exchequer tax revenue of €34,027 million.

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: No civil servants who have retired from my Department are back on the payroll in my Department.

Written Answers — Departmental Agencies: Departmental Agencies (24 Apr 2012)

Michael Noonan: The Government announced a new National Internship Scheme as part of its Jobs Initiative programme, which was published on 10 May 2011. The National Internship Scheme, known as JobBridge, provides at any one time up to 5,000 work experience placements of 6 or 9 months for unemployed individuals in organisations in the private, public and voluntary sectors. It is a time-limited scheme for a...

Written Answers — Departmental Correspondence: Departmental Correspondence (24 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that they have now issued a letter to the person in question, confirming that he had no income in the year 2010. They regret that in this instance they failed to meet their customer service standards for dealing with correspondence, which was due to an administrative error on their part, and they apologise for the delay in processing the taxpayer's...

Written Answers — Tax Collection: Tax Collection (24 Apr 2012)

Michael Noonan: I am advised by the Revenue Commissioners that advice and an automatic VRT calculator are provided at www.revenue.ie/en/online/vrt-calculator.html to assist in the calculation of VRT on imported vehicles. Where the relevant model is not listed on Revenue's online VRT calculator, advice on how to form an estimate is available from the Central Vehicle Office, Revenue Commissioners, Rosslare...

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: I am not aware of any public servants who have received a pension lump sum on retirement that are working in public service or semi State bodies that come under the aegis of my Department. For completeness I have been informed by the Revenue Commissioners that they have one recently retired official who is working for them in an advisory capacity on a pro bono basis.

Written Answers — Tax Collection: Tax Collection (19 Apr 2012)

Michael Noonan: The purpose of the windfall gains provisions in sections 644AB and 649B Taxes Consolidation Act 1997, introduced by section 240 National Asset Management Agency Act 2009 and amended by section 25 Finance Act 2010, is to apply a higher 80% rate of tax to the profits or gains from land disposals where those profits or gains are attributable to a relevant planning decision by a planning...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (19 Apr 2012)

Michael Noonan: As the Deputy is aware, the Government has imposed lending targets on the two domestic pillar banks for the three calendar years, 2011 to 2013. Both banks were required to sanction lending of at least €3 billion in 2011, €3.5 billion this year and €4 billion in 2013 for new or increased credit facilities to SMEs. I can confirm to the Deputy that both banks have achieved their 2011...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (19 Apr 2012)

Michael Noonan: The covered institutions have supplied the relevant information as follows: Secured Senior Bonds Outstanding at 13 April 2012€bn Secured Senior Bonds Repaid 30 Sept 2008 to 13 April 2012€bn Unsecured Senior Bonds Outstanding at 13 April 2012€bn Unsecured Senior Bonds Repaid30 Sept 2008 to13 April 2012€bn Total Amount Outstanding; Secured and Unsecured at 13 April 2012€bn...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (19 Apr 2012)

Michael Noonan: In aggregate, the covered Irish banks have generated €15.5bn of capital from Liability Management Exercises (LMEs) over the last four years. The breakdown per year is as follows: €bn 2008 2009 2010 2011 Total PTSB - - - 1.0 1.0 BoI - 1.0 1.3 1.5 3.8 AIB - 1.1 0.4 3.6 5.1 EBS - 0.0 0.1 0.2 0.3 INBS 0.0 0.1 - 0.1 0.3 Anglo - 1.8 1.6 - 3.3 Total cash gains from Sub-debt burden...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (19 Apr 2012)

Michael Noonan: Unfortunately, it has not been possible to get the information from the covered institutions in the timeframe allowed by the Question. I will write to the Deputy in the near future with information provided by the institutions.

Written Answers — Job Losses: Job Losses (19 Apr 2012)

Michael Noonan: I propose to take Questions Nos. 74 and 75 together. The Deputy will be aware that AIB, as part of its announcement of 8 March 2012 of a voluntary severance programme, stated "as required under the bank's partnership principles with IBOA, a consultation process will begin immediately with trade union representatives." It went on to state that "AIB will not be making any further public...

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

Michael Noonan: I am advised by the Revenue Commissioners that the legislative provisions for the payment of VAT as set out in the Value-Added Tax Consolidation Act 2010 is subject to the requirements of EU VAT law with which Irish VAT law must comply. The general position is that the VAT Directive defines a supply for VAT purposes, the time of supply and when the tax authority becomes entitled under law to...