Results 21,801-21,820 of 27,019 for speaker:Michael Noonan

Written Answers — Mortgage Arrears: Mortgage Arrears (29 Mar 2012)

Michael Noonan: I am advised by the Central Bank that the total outstanding balance of buy-to-let mortgages advanced to Irish resident private households (including securitised loans serviced by Irish resident institutions) at end December 2011 was €28.8bn (€31.5bn at end December 2010). While the Central Bank publishes a detailed data series on the arrears position of primary residential mortgages, it...

Written Answers — European Stability Programmes: European Stability Programmes (29 Mar 2012)

Michael Noonan: As part of the European Semester, Member States are required to submit updated Stability Programmes in April of each year. My Department is currently working on the 2012 update for Ireland, which will be published at the end of April.

Written Answers — Banks Recapitalisation: Banks Recapitalisation (29 Mar 2012)

Michael Noonan: As the Deputy is aware the Government is committed to reviewing the approach to the Promissory Notes with a view to reducing the overall cost to the State. The Troika have agreed to engage in a process with Irish Officials to produce a common paper which will consider all options for restructuring the notes in terms of the source of funding, the duration of the notes, the interest rate etc. ...

Written Answers — Fiscal Policy: Fiscal Policy (29 Mar 2012)

Michael Noonan: The forthcoming Stability Programme Update will contain updated economic and budgetary forecasts for this year and for the period 2013-15. Officials from my Department are currently assessing the implications of the quarterly national accounts data, published last week by the CSO, for the 2012 budgetary projections. This, along with other information that has become available since Budget...

Written Answers — Local Authority Charges: Local Authority Charges (29 Mar 2012)

Michael Noonan: The latest available information as at 4 p.m. yesterday Wednesday March 28th indicates that €42,659,900 has been paid under the household charge so far. A further €5.5m in postal applications were on hand to be processed. The Budget Day arithmetic allowed for €160 million to be collected under this charge. As has been stated several times, any persons who are liable for the charge and...

Written Answers — Bank Debt Restructuring: Bank Debt Restructuring (29 Mar 2012)

Michael Noonan: As the Deputy is aware the Government is committed to reviewing the approach to the Promissory Notes with a view to reducing the overall cost to the State. The Troika have agreed to engage in a process with Irish Officials to produce a common paper which will consider all options for restructuring the notes in terms of the source of funding, the duration of the notes, the interest rate etc....

Written Answers — National Treasury Management Agency: National Treasury Management Agency (29 Mar 2012)

Michael Noonan: I have been informed by the National Treasury Management Agency (NTMA) that all members of the NTMA senior management team - ten people including the Chief Executives of the NTMA, NDFA and NAMA – have agreed to my request that NTMA employees whose salaries exceed €200,000 waive 15% of salary or such amount of salary as exceeds €200,000 if application of the full 15% reduction would...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (29 Mar 2012)

Michael Noonan: The Deputy will be aware that AIB, as part of its announcement of 8th 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 comment until the consultation process with staff...

Written Answers — Tax Collection: Tax Collection (29 Mar 2012)

Michael Noonan: The windfall tax rate of 80% applies to the portion of the profit or gain on a disposal of land which is attributable to a "relevant planning decision": that is, a rezoning, where both the rezoning and the disposal of land giving rise to the windfall happen after 30 October 2009; or a "material contravention" decision by a local authority, where both the decision and the disposal happen after...

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: I have no plans to re-introduce a scrappage scheme for the auto industry.

Written Answers — Appointments to State Boards: Appointments to State Boards (28 Mar 2012)

Michael Noonan: In response to the Deputy's question the following are vacancies on boards under the aegis of my Department since March 2011. Fiscal Advisory Council The following people were appointed to the Fiscal Advisory Council: Mr. Sebastian Barnes Professor Alan Barrett Dr. Donal Donovan Professor John McHale, Chair Dr. Roisin O'Sullivan As Minister for Finance I announced the establishment of the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (28 Mar 2012)

Michael Noonan: The Government and the Troika have opened discussions on how best the Irish banking system and the State can benefit from having further improvements to certain elements of the banking sector. The overall objective of such discussions is to enhance the position of the banks in which the State now has a major investment. A number of approaches are under consideration but it must be emphasised...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (28 Mar 2012)

Michael Noonan: The Bank's policy in relation to fees 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 the institution, the bank should be...

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: Ireland, as with other countries, has experienced an increase in the cost of petrol and auto-diesel. The increase in fuel prices is an international phenomenon. Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The rise in oil prices over recent periods reflected additional factors such as...

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the refund application, first submitted in October 2011, was delayed because the representatives of the person in question submitted an incomplete application and did not respond to Revenue's request for authorisation and reference information to enable them to draw down the original stamped deed from the Property Registration Authority (PRA)....

Written Answers — Banks Recapitalisation: Banks Recapitalisation (28 Mar 2012)

Michael Noonan: I am conscious of the difficult situation that the residents of Priory Hall find themselves in. The lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. A mortgage agreement is a contract which cannot be altered without the consent of the parties. I, as Minister for Finance, have no powers in this regard and...

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: I assume that the Deputy's question relates to the double deduction for carbon tax on farm diesel which I introduced in Finance Bill 2012. Under this provision, farmers will be allowed a deduction in computing their farming profits or losses for the amount of additional carbon tax they incur on purchases of farm diesel following the proposed increase in the rate of carbon tax on certain fuels...

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: In matters relating to the VAT rating of goods and services, I am constrained by the requirements of EU VAT law with which Irish VAT law must comply. Under the EU VAT Directive, it is not possible to apply a reduced or zero rate to the supply of motor fuel. Therefore the rate of VAT that must apply to the supply of fuel is the standard VAT rate, which in Ireland is 23%.

Written Answers — Tax Code: Tax Code (28 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of Mineral Oil Tax, Carbon Tax and VAT on a litre of motor fuel at average prices is as follows: Petrol Diesel € € Mineral Oil Tax 0.542 0.426 Carbon Tax 0.046 0.053 VAT 0.312 0.299 Total Tax 0.90 0.778 The Mineral Oil Tax and Carbon Tax amounts were calculated using an average price of 166.9 cent per litre for...

Written Answers — Departmental Expenditure: Departmental Expenditure (28 Mar 2012)

Michael Noonan: This information is not held centrally and accordingly I can only answer in respect of my Department and the Offices/Agencies under the aegis of my Department. The question has been copied to all other Departments who will provide the information under separate cover. The Department of Justice (including the Courts Service) and the Department of Social Protection have indicated that no...