Results 23,701-23,720 of 27,019 for speaker:Michael Noonan

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Report and Final Stages (12 Oct 2011)

Michael Noonan: I move amendment No. 6: In page 80, to delete lines 5 to 32 and substitute the following: " " 1 Section 87(3) After paragraph (d), insert:"(e) require the credit union to raise within such period as may be specified and maintain such reserves or other financial resources or to maintain such non-financial resources, as may be specified;(f) require the credit union to take such steps as may...

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Report and Final Stages (12 Oct 2011)

Michael Noonan: Yes, it is an appeal against the action taken by the Central Bank to intervene in a credit union. There is no appeal mechanism now. The pros and cons are as follows: If one has an appeal mechanism, we delay the bank from going in, which it may have to do as a matter of urgency. On the other hand, it may be appropriate in certain circumstances to have somebody else take a second look. That...

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Report and Final Stages (12 Oct 2011)

Michael Noonan: I thank all Deputies who contributed, in particular Deputies McHugh and Doherty and the leader of Fianna Fáil. Deputy Doherty will recall we had a short recess on Committee Stage during which members were contacted by members of the credit union movement. The sequence of events was that as the Bill was proceeding the Central Bank asked for additional powers of resolution to be applied to...

Written Answers — Disabled Drivers: Disabled Drivers (11 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...

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 90 and 113 together. The correspondence referred to in the Questions relate to lending restrictions imposed by the Registrar of Credit Unions and amendments to the Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011. The role of the Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective...

Written Answers — Tax Yield: Tax Yield (11 Oct 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the tax take in respect of alcohol products tax for the years 2008, 2009 and 2010 are as follows: Beer Spirits Wine Cider Total € m € m € m € m € m 2008 427.2 350.9 231.3 60.6 1,069.9 2009 404.3 264.1 242.5 57.1 968.0 2010 320.1 243.5 218.8 44.0 826.4

Written Answers — Tax Code: Tax Code (11 Oct 2011)

Michael Noonan: Historically, flat rates of duty applied to the various licences for the sale of alcohol. That position was changed, however, by the Finance Act 1992, which introduced a new system of duty related to turnover for spirit retailers' on-licences (that is, pub licences). The duty for off-licences is still charged on a flat rate basis. The rates of duty for pub licences have not been increased...

Written Answers — Liquor Licences: Liquor Licences (11 Oct 2011)

Michael Noonan: The Revenue Commissioners inform me that the number of off-licences issued and the total receipts to the Exchequer from excise licences in this sector in the years 2006, 2007, 2008, 2009, and 2010 are as follows: 2006 2007 2008 2009 2010 No. Issued Receipts No. Issued Receipts No. Issued Receipts No. Issued Receipts No. Issued Receipts Off-Licences Spirit Retailer's 1,170 €295,750...

Written Answers — Liquor Licences: Liquor Licences (11 Oct 2011)

Michael Noonan: The Revenue Commissioners inform me that the number of pub-licences issued and the total receipts to the Exchequer from excise licences in this sector in the years 2006, 2007, 2008, 2009, and 2010 are as follows: 2006 2007 2008 2009 2010 No. Issued Receipts No. Issued Receipts No. Issued Receipts No. Issued Receipts No. Issued Receipts Publicans Full 9,541 €7,957,667 9,402...

Written Answers — Tax Yield: Tax Yield (11 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 95 to 98, inclusive, together. I assume the Deputy is referring to the excise receipts to the Exchequer, and the associated volumes, from excises on alcohol. I am advised by the Revenue Commissioners that as excise receipts on alcohol are not distinguished between alcohol subsequently sold in licensed pubs and sold in off-licences there is no statistical...

Written Answers — Tax Code: Tax Code (11 Oct 2011)

Michael Noonan: I am informed by the Revenue Commissioners that beer with an alcoholic strength by volume of more than 1.2 per cent and not more than 2.8 per cent is subject to a rate of Alcohol Products Tax which is 50 per cent of the rate that applies to beer with a strength by volume of more than 2.8 per cent. Cider or perry not exceeding 2.8 per cent alcohol by volume is subject to a rate of tax...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (11 Oct 2011)

Michael Noonan: I would not accept the Deputy's contention that there has been a delay in the restructuring of the boards of the covered institutions. I announced on 31 March 2011 that the covered institutions were to draw up plans to restructure their respective boards. The present policy concerning directors at the covered institutions is that all directors, who presided over the failed lending practices...

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Oct 2011)

Michael Noonan: The submission supplied by the Deputy refers to concerns raised by a credit union in relation to the manner and extent of the actions of the Registrar of Credit Unions and, in particular, recent actions which are reported by the media to have intensified. While the submission does not directly mention lending restrictions, I expect that this is the recent activity to which the submission...

Written Answers — Tax Code: Tax Code (11 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 102 and 105 together. VAT is a tax on the value added to a supply and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer. Under EU and domestic VAT rules traders who are registered for VAT collect VAT on the goods and services that they sell. In turn such traders are entitled to recover the VAT...

Written Answers — Tax Reliefs: Tax Reliefs (11 Oct 2011)

Michael Noonan: Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have...

Written Answers — Tax Collection: Tax Collection (11 Oct 2011)

Michael Noonan: With regard to the breakdown of VAT returns, I am advised by the Revenue Commissioners that details of cumulative data rather than individual transactions are required to be entered on VAT returns. In the case of the VAT3 return, which is submitted bi-monthly, tri-annually or bi-annually depending on certain criteria, traders are required to enter the total VAT charged by them on...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (11 Oct 2011)

Michael Noonan: The European Commission has cleared under EU state aid rules a joint plan for Anglo Irish Bank (Anglo) and Irish Nationwide Building Society (INBS) whereby they will be merged and resolved over a period of 10 years. The final plan was lodged with the EU Commission on 31 January 2011 in line with the timelines agreed with the IMF, ECB and EU for approval under state aid rules. Anglo Irish...

Written Answers — Departmental Bodies: Departmental Bodies (11 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 107 and 108 together. The following table outlines the ECF for 2011 and 2012 for my Department and organisations under the aegis of my Department. DEPARTMENT/OFFICE 2011 ECF 2012 ECF FINANCE 282 280 COMPTROLLER & AUDITOR GENERAL 152 153 OFFICE OF THE APPEAL COMMISSIONER 4 4 REVENUE COMMISSIONERS 5,944 5,913 TOTAL 6,382 6,350 It is important in any...

Written Answers — Tax Collection: Tax Collection (11 Oct 2011)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that in July of this year following contact between them and the person concerned a satisfactory arrangement was concluded in regard to this matter and that this was communicated to the person concerned in writing by them, at the time.

Written Answers — Tax Collection: Tax Collection (11 Oct 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the contract entered into by the person concerned, tax was due by 31 October 2004. This tax was paid on 29 October 2004. The person concerned subsequently withdrew from the contract. The Revenue Commissioners received confirmation of this on 24 June 2009. The liability was recalculated at that time, in accordance with tax...