Results 23,541-23,560 of 27,019 for speaker:Michael Noonan
- Written Answers — Tax Collection: Tax Collection (25 Oct 2011)
Michael Noonan: I am informed by the Revenue Commissioners that there has been no delay in dealing with this matter. The person concerned wrote to the Office of the Appeal Commissioners on 5th October to make an appeal. The Appeal Commissioners replied on 14th October advising him that, in accordance with the relevant legislation, he should make his appeal through the Revenue Commissioners. In writing to...
- Written Answers — Tax Code: Tax Code (25 Oct 2011)
Michael Noonan: The Deputy appears to be referring to Section 92B Stamp Duties Consolidation Act 1999, which relates to first time buyer relief from Stamp Duty on the purchase of residential property. Finance Act 2011 abolished first time buyer relief, along with a number of other reliefs from Stamp Duty on residential property transfers, as part of the process in which the Stamp Duty rate was reduced to 1%...
- Written Answers — Departmental Expenditure: Departmental Expenditure (25 Oct 2011)
Michael Noonan: In general, my Department uses the services of the Office of the Attorney General and the Office of the Chief State Solicitor. However, it also seeks outside legal advisors in circumstances requiring legal services of a specific nature. The costs associated with the Office of the Attorney General and the Office of the Chief State Solicitor are borne by their respective Votes. The...
- Written Answers — Tax Code: Tax Code (25 Oct 2011)
Michael Noonan: I have been advised by the Revenue Commissioners that they have contacted the employer and that a P45 will issue to the person concerned today.
- Written Answers — Mortgage Debt: Mortgage Debt (25 Oct 2011)
Michael Noonan: I would like to thank the Deputy for bringing to my attention the proposals for dealing with the mortgage arrears situation. As the Deputy is aware a lot of discussion has taken place to deal with the mortgage arrears situation and a lot of suggestions have been put forward. In November 2010, the Expert Group on Mortgage Arrears and Personal Debt published its report. All of the Group's...
- Written Answers — Departmental Expenditure: Departmental Expenditure (25 Oct 2011)
Michael Noonan: My Department is a shared services payroll provider and, in addition to paying Finance staff, uses its licensed Corepay system to provide a service for a number of other Government Department/Offices per anumn. The annual maintenance and support costs in respect of this service is, â¬49,200. The Revenue Commissioners, which is under the aegis of my Department, is not part of my Department's...
- Written Answers — Financial Services Regulation: Financial Services Regulation (25 Oct 2011)
Michael Noonan: As Minister for Finance, I do not get involved in or comment on negotiations/discussions between a borrower with his/her lender. I note that the borrower in question is engaging with the lender. As the Deputy is aware the Central Bank's Code of Conduct on Mortgage Arrears (the Code) applies to mortgage lending activities with borrowers in respect of their principal private residence in the...
- Written Answers — Financial Services Regulation: Financial Services Regulation (25 Oct 2011)
Michael Noonan: I propose to take Questions Nos. 125, 130 and 134 together. As Minister for Finance, I have no statutory role in the setting of interest rates charged by financial institutions regulated by the Central Bank. The Central Bank has responsibility for the regulation and supervision of financial institutions in terms of consumer protection and prudential requirements and for ensuring ongoing...
- Written Answers — National Asset Management Agency: National Asset Management Agency (25 Oct 2011)
Michael Noonan: The second quarterly report for the period ending 30 June 2011, accompanied by financial statements for the second quarter, was submitted to me by NAMA as required by the end of September 2011 and I will lay the report before each House of the Oireachtas shortly.
- Written Answers — Banks Recapitalisation: Banks Recapitalisation (25 Oct 2011)
Michael Noonan: The latest publicly available figures on the amount of Eurozone Government bonds, including Irish government bonds, held by AIB were published as part of the EU wide bank stress tests on 15 July 2011. A link to the main release on the Central Bank of Ireland's website is below. http://www.centralbank.ie/press-area/press-releases/Pages/20...
- Written Answers — Banks Recapitalisation: Banks Recapitalisation (25 Oct 2011)
Michael Noonan: The Programme for Government commits the Government to examining a proposal to increase mortgage interest relief to 30% for first time buyers who bought between 2004 and 2008 to be financed in part by the abolition of mortgage interest relief for new buyers from mid 2011. This proposal was considered by the Inter-Departmental Group on Mortgage Arrears but was not recommended by the 0Group....
- Written Answers — Tax Code: Tax Code (25 Oct 2011)
Michael Noonan: Income Tax relief in respect of health expenses is allowable in accordance with section 469 of the Taxes Consolidation Act 1997. The section provides for tax relief for health expenses incurred in the provision of health care. "Health Care" is defined as the prevention, diagnosis, alleviation or treatment of an ailment, injury, infirmity, defect or disability but does not include cosmetic...
- Written Answers — Bank Staffing: Bank Staffing (25 Oct 2011)
Michael Noonan: I propose to take Questions Nos. 131 to 133, inclusive, together. As the Deputy is aware the Board of the bank is responsible for the day to day operation of the bank, including the appointment of and assignment of staff within the bank. I have no direct function in this regard. The bank has informed me that it is constrained under the provisions of the Data Protection Acts from disclosing...
- Written Answers — Tax Collection: Tax Collection (25 Oct 2011)
Michael Noonan: I am advised by the Revenue Commissioners that the number of audits carried out in relation to licensed premises in each of the years 2007 to 2011 (to August), and the related yield across all tax heads, business and personal, is as follows: 2007 - 314 - â¬11.5m [ 210 yielding/67%] 2008 - 327 - â¬11.5m [ 242 yielding/74%] 2009 ...
- Written Answers — Tax Code: Tax Code (25 Oct 2011)
Michael Noonan: As the Deputy is aware my Department is carrying out an impact assessment of the potential effects of amending, curtailing and/or abolishing property-based "legacy" tax reliefs in line with the commitment in the Programme for Government. The impact assessment process is examining the benefits that may accrue to the Exchequer in terms of additional tax yield as well as consequences for...
- Written Answers — Bank Assets: Bank Assets (25 Oct 2011)
Michael Noonan: Part 5 of the Credit Institutions (Stabilisation) Act 2010 ("CIS Act") provides power to the Minister for Finance to transfer assets and/or liabilities of a "relevant institution" i.e., an institution within the scope of the CIS Act to another institution subject to the approval of the Court. Part 5 of the Central Bank and Credit Institutions (Resolution) Act 2011 provides similar powers to...
- Written Answers — Tax Collection: Tax Collection (25 Oct 2011)
Michael Noonan: The Universal Social Charge (USC), which came into effect on 1 January 2011, is a tax payable on gross income (after any relief for certain trading losses and capital allowances, but before pension contributions). An individual is liable to pay the USC if his/her gross income exceeds the threshold of â¬4,004 per annum. USC is not levied on payments from the Department of Social...
- Written Answers — Tax Code: Tax Code (25 Oct 2011)
Michael Noonan: As the Deputy will be aware, taxes are considered in the context of the Budget process. It is the usual practice for the Minister for Finance not to speculate in advance of a Budget on what it will contain; and I do not propose to deviate from that practice.
- Written Answers — Departmental Expenditure: Departmental Expenditure (25 Oct 2011)
Michael Noonan: The total expenditure in 2010 on ICT including staff costs, support and maintenance services, hardware, software, and external resources including consultancies, contractors and external service-providers was â¬1,557,473. The cost breakdown was as follows: - Staff Costs â¬745,075; - Support & Maintenance â¬164,058; - Hardware â¬351,520; - Software â¬62,360; - Contractors & External...
- Written Answers — Budget Submissions: Budget Submissions (25 Oct 2011)
Michael Noonan: As the Deputy will be aware, taxes are considered in the context of the Budget process. It is the usual practice for the Minister for Finance not to speculate in advance of a Budget on what it will contain; and I do not propose to deviate from that practice. Question No. 143 withdrawn.