Results 22,921-22,940 of 27,019 for speaker:Michael Noonan

Industrial Relations (15 Dec 2011)

Michael Noonan: What diversion? Check the record.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: Deputy Tom Barry is one of the promoters of the project.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: It is not that difficult to spot.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Order for Second Stage (15 Dec 2011)

Michael Noonan: I move: "That Second Stage be taken now."

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Bretton Woods Agreements (Amendment) Bill 2011, which was enacted earlier this year, provided for acceptance by the State of amendments to the IMF articles of agreement which were approved by the IMF board of governors in 2008. The current Bill is a continuation of this process, which relates to the ongoing reform of IMF governance. The...

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: This is an additional 1% which we hope to get next October, if 85% of the voting weight agrees to the amendments.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: It will be 1% lower than the present rate.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael Noonan: It will be approximately €25 million.

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2011)

Michael Noonan: Pension industry sources have indicated to my Department that contributions to pension savings arrangements, generally, have fallen since the beginning of 2010. The economic downturn will clearly have impacted on the confidence and ability of individuals to invest in pension savings. I cannot say whether and to what extent individuals would be influenced in this regard by the pension fund...

Written Answers — Tax Refunds: Tax Refunds (14 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned had three different employments in 2011. However, no P45 was submitted in connection with one of these. In the absence of form P45 tax credits cannot be updated. The person concerned has been contacted and advised to submit form P45.

Written Answers — Tax Refunds: Tax Refunds (14 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned applied for PAYE reviews on 3rd August 2011 for the years 2007, 2008 and 2009. This resulted in refunds for the three years, which were issued on the 8th August. If the person concerned considers that there are additional refunds due, the person should contact Revenue at 1890 444425.

Written Answers — Financial Services Regulation: Financial Services Regulation (14 Dec 2011)

Michael Noonan: My Department did not receive a report in 2009 regarding the firm mentioned by the Deputy and the Central Bank has confirmed that no such report was forwarded to the Department. I would like to advise the Deputy that, for confidentiality purposes, the Central Bank would not normally inform my Department about supervisory matters such as these which are within the sole remit of the Central...

Written Answers — Tax Code: Tax Code (14 Dec 2011)

Michael Noonan: The standard rate of VAT will be increased by 2 percentage points from 21% to 23% from 1 January 2011. This change is being introduced as part of a general package of revenue-raising measures to contribute to Exchequer funding and is in line with commitments made in the Programme for Government and in the EU/IMF Programme. The effect of the 2% increase in the standard rate is that the...

Written Answers — Departmental Expenditure: Departmental Expenditure (14 Dec 2011)

Michael Noonan: I propose to take Questions Nos. 70 and 72 together. My Department has had no expenditure on any public relations companies from 2006 to date. The table details spend on advertising in that same time period:- Year Advertising Expenditure 2011 (to date) 28,944 2010 40,231 2009 76,776 2008 140,567 2007 276,582 2006 364,388

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Dec 2011)

Michael Noonan: NAMA informs me that it has met with one interest group and has also been contacted by a local authority regarding this property. This property is listed on the NAMA website as one of the properties subject to enforcement action. I understand from NAMA that the property has been offered for sale on the open market by a receiver, RSM Farrell Grant Sparks, appointed by NAMA. The receiver...

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Dec 2011)

Michael Noonan: The fee payable to Frank Daly in respect of his functions as Chairman of the NAMA Board is €150,000 for 2011, on the basis of his full time availability. I am informed by NAMA that expenses totalling €3,199 have been paid to him in the year 2010 and in the year 2011 to date. As a retired Chairman of the Revenue Commissioners, Mr Daly is also in receipt of an annual pension of...

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief by way of tax relief at source (TRS) in each of the years 2002 to 2011 inclusive is as follows: Tax Year Cost €m 2002 193 2003 221 2004 232 2005 279 2006 352 2007 543 2008 705 2009 486 2010 375 2011 (11 months) 335 * · This figure is provisional and subject to revision. A...

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Dec 2011)

Michael Noonan: In his recently published NAMA Review, Mr Michael Geoghegan stated that "an eight year exit strategy for NAMA needs to be developed and hence NAMA needs to start thinking now as to what size it will be and what experience it will have by the years 2017-2019, so that a possible trade sale could be achieved". The Deputy will be aware that I have asked Mr Geoghegan to chair an Advisory Group...

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (14 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax, and for tackling the illicit trade in cigarettes and tobacco, that there is no internationally recognised method for precisely determining the amount of tax lost as a result of the illicit trade in cigarettes. However, a survey commissioned by Revenue and the Office of Tobacco Control...

Written Answers — Tax Yield: Tax Yield (14 Dec 2011)

Michael Noonan: I refer the Deputy to my response to his question on this topic on 24th November, 2011 (reference number 36891/11). The estimated additional yield from a 2% increase in the standard rate of VAT that I announced in my recent Budget speech is €560 million in 2012 or €670 million in a full year. These estimates were calculated by applying a direct increase of 2% to the expected yield from...