Results 23,641-23,660 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Collection: Tax Collection (18 Oct 2011)

Michael Noonan: The Internal Review has finished and its conclusions were issued on the 26th September 2011. The decision was that the person in question would qualify if the conditions to Section 472 Taxes Consolidation Act 1997 were met. These conditions are: the employee is a "specified employed contributor" as defined in Section 472 or that the Income Tax (Employments) (Consolidated) Regulations 2001...

Written Answers — Financial Products: Financial Products (18 Oct 2011)

Michael Noonan: The Central Bank has advised me that they wrote to all mortgage lenders to ascertain whether they were offering, or intended to offer, a mortgage product that would allow home owners to sell their existing home and transfer the negative equity portion of the original loan to the new loan. The Central Bank was concerned as to whether such products were in the long term interest of consumers...

Written Answers — Tax Yield: Tax Yield (18 Oct 2011)

Michael Noonan: The Income Levy was collected by the Revenue Commissioners as a component of Income Tax. I am informed by the Revenue Commissioners that it is estimated that €1,446 million was collected from the Income Levy in the calendar year 2010. However, as is normal, it would have been expected that the total Income Levy liability for the income tax year 2010 would be higher at €1,710 million and...

Written Answers — Departmental Transport: Departmental Transport (18 Oct 2011)

Michael Noonan: Revenue currently deploys 9 marked vehicles, including 2 mobile scanner units, and 164 other vehicles for operational purposes countrywide. Operations cover a range of Revenue activities including Customs and Excise work. Unmarked vehicles may be temporarily 'marked' using appropriate signage when operational requirements prove necessary.

Written Answers — National Asset Management Agency: National Asset Management Agency (18 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 103 and 104 together. In March 2011, the Exchequer provided a combined €3.06 billion to Anglo Irish Bank and INBS, representing the first instalment of the Promissory Notes committed to those institutions in 2010. In June 2011, the Exchequer provided €25 million to EBS, representing the first instalment of the Promissory Note committed to that institution...

Written Answers — National Asset Management Agency: National Asset Management Agency (18 Oct 2011)

Michael Noonan: The National Pensions Reserve Fund (NPRF) has also received the following payments in 2011. Directed Portfolio (Public Policy Investments made at the direction of the Minister for Finance) - €214 million in respect of dividends on preferences shares in Bank of Ireland. Discretionary Portfolio (the Fund excluding Public Policy Investments made at the direction of the Minister for Finance)...

Written Answers — Credit Unions: Credit Unions (18 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 106 to 111, inclusive, together. As Minister for Finance, my role is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. It would not be appropriate for me, as Minister for Finance, to examine or adjudicate on whether the placing of lending restrictions is necessary on a case by...

Written Answers — Appointments to State Boards: Appointments to State Boards (18 Oct 2011)

Michael Noonan: In response to the Deputy's question, savings of approximately €1.121 million could be made if State agency board members' annual payments were rescinded in respect of State agency boards which come under the remit of my Department.

Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) (Amendment) Order 2011: Motion (18 Oct 2011)

Michael Noonan: I move: That Dáil Éireann approves the following Order in draft: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) (Amendment) Order 2011, copies of which have been laid in draft form before Dáil Éireann on 12 October, 2011. Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) (Amendment) Order 2011, copies of which have been laid in draft form...

Report by the Interdepartmental Working Group on Mortgage Arrears: Statements (18 Oct 2011)

Michael Noonan: The Government last week published the report of the interdepartmental group on mortgage arrears. The group was requested by the economic management council to examine the further necessary actions that could be taken to address the increasing problem of mortgage over-indebtedness. The Government is aware of the increasing stress that some households are facing arising from difficulties in...

Written Answers — Disabled Drivers: Disabled Drivers (13 Oct 2011)

Michael Noonan: The initial application for a Primary Medical Certificate under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, is made to the Senior Medical Officer of the relevant local Health Service Executive administrative area. If the Primary Medical Certificate has been refused in this case, the named person may appeal the refusal to the Disabled Drivers Medical Board...

Written Answers — Motor Fuels: Motor Fuels (13 Oct 2011)

Michael Noonan: Marked gas oil, commonly known as green diesel, is subject to Mineral Oil Tax at the rate of €88.66 per 1,000 litres, while the rate for auto-diesel is €465.70 per 1,000 litres. In addition, marked gas oil is subject to a lower VAT rate of 13.5 per cent. The resulting total tax differential is around 50 cent a litre. Marked kerosene is subject to a rate of Mineral Oil Tax, €38.02 per...

Written Answers — National Treasury Management Agency: National Treasury Management Agency (13 Oct 2011)

Michael Noonan: The Government decided to establish NewERA on a non-statutory basis as a Shareholder Executive within the NTMA. The NTMA has the necessary specialist skills to manage NewERA and its business model provides it with the flexibility to compete in the market to recruit additional specialist staff as required. The policy objective behind NewERA is to modernise the manner in which Government...

Written Answers — Motor Fuels: Motor Fuels (13 Oct 2011)

Michael Noonan: This question relates to potential Budgetary measures. It is the usual practice for the Minister for Finance not to speculate or comment in advance of the Budget what it will contain and I do not propose to deviate from that practice. The Deputy may wish to note that in relation to potential Budgetary measures such as this that cross-border issues are taken into consideration.

Written Answers — Bank Assets: Bank Assets (13 Oct 2011)

Michael Noonan: Part 5 of the Credit Institution (Stabilisation) Act 2010 ("CIS Act") provides the Minister with the power 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) (No. 2) Bill ("the Bill") provides the...

Written Answers — Credit Unions: Credit Unions (13 Oct 2011)

Michael Noonan: The Interim Report of the Commission on Credit Unions was provided to me on 30 September 2011. I presented the Report to Government on 11 October 2011 and it will be published tomorrow, Friday 14 October 2011.

Written Answers — Tax Collection: Tax Collection (13 Oct 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the number of audits carried out in relation to Medical Practice activities 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 - 99 - €2.69m [62 yielding/63%] 2008 - 89 - €2.54m [65 yielding/75%] 2009 - 87 - €3.59m [66 yielding/75%]* 2010 - 156 -...

Written Answers — Appointments to State Boards: Appointments to State Boards (13 Oct 2011)

Michael Noonan: In response to the Deputy's question I have made no appointments to state boards since I was appointed as Minister for Finance.

Written Answers — Mortgage Arrears: Mortgage Arrears (13 Oct 2011)

Michael Noonan: There are a number of measures in place to assist people who are having genuine difficulties in meeting their mortgage repayments. The Central Bank's revised Code of Conduct on Mortgage Arrears (the Code) applies to mortgage lending activities with borrowers in respect of their principal private residence in the State. Compliance with the Code is mandatory on all mortgage lenders registered...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (13 Oct 2011)

Michael Noonan: The Central Bank have informed me that as no formal measures or proposals have been announced by the authorities or the EBA they are not in a position to advise on possible future capital requirements arising. The Central Bank has advised me that as agreed in the Memorandum of Understanding (MoU) and the Memorandum of Economic and Financial Policies (MEFP) with our external partners, a...