Results 24,701-24,720 of 27,019 for speaker:Michael Noonan

Written Answers — Fiscal Policy: Fiscal Policy (30 Jun 2011)

Michael Noonan: The financial crisis has affected and continues to affect all sectors of the economy and the public service has not been insulated from those affects. Public Servants have been required to make a significant contribution to the restoration of the public finances to a sustainable path. Among the measures introduced and impacting on the public service are: ·The general round pay increases...

Written Answers — Financial Institutions Remuneration: Financial Institutions Remuneration (30 Jun 2011)

Michael Noonan: As the Deputy may be aware, I have asked the NTMA to request on my behalf a review of remuneration policies and practices by the covered institutions. This review is intended to encompass all aspects of compensation and is not limited to salary. The specific practice referred to in the Deputy's question, therefore, comprises part of the review. The Deputy may wish to note that the relevant...

Written Answers — Financial Services Regulation: Financial Services Regulation (30 Jun 2011)

Michael Noonan: The European Communities (Licensing and Supervision) Regulations 1992 (S.I. 395 of 1992), which give effect to EU legislation relating to the licensing and supervision of credit institutions, were amended in 2006 and 2007 to transpose relevant provisions of the Capital Requirements Directive (2006/48(EC). Regulation 16 sets out requirements for credit institutions in relation to governance...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (30 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that Forms P60 are only issued by employers to their employees, as evidence of pay and tax deducted in their employment. Revenue has no function in this regard. However, Revenue has written to this person and has provided him with details of his pay and tax for the years 2007, 2008 and 2009. Revenue is in contact with the employer with a view to...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (30 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the information requested is subject to the Data Protection Acts 1988 and 2003. These Acts preclude Revenue from divulging any personal data to a third party. Revenue will accept any tax forms completed by the former employees without their employer's registration number, provided they include the employer's name and address. Revenue advises...

Written Answers — Tax Code: Tax Code (30 Jun 2011)

Michael Noonan: The review of the Universal Social Charge has commenced. A working group has been established consisting of officials from the Department of Finance and the Revenue Commissioners and they will consult as necessary with other Departments. Submissions from other interested parties will of course be considered in that context. The Terms of Reference of the review are broad and wide-ranging and...

Written Answers — National Asset Management Agency: National Asset Management Agency (30 Jun 2011)

Michael Noonan: I am informed by the Revenue Commissioners that information in relation to cumulative tax losses being carried forward by financial institutions is derived from corporation tax returns filed for the year 2009, the first year for which this information is available. Data for the year 2010 is not yet available. The available information is the amounts of unused losses and capital allowances...

Written Answers — Financial Services Regulation: Financial Services Regulation (30 Jun 2011)

Michael Noonan: Under the EU/IMF Programme of Support for Ireland, stress tests on credit unions have been completed by the Central Bank of Ireland. Credit unions were subjected to a detailed stress testing exercise to make an assessment of the likely impact of given stress scenarios on the capital buffers of credit unions. The purpose of this work is to provide the Central Bank of Ireland with the...

Written Answers — EU-IMF Programme: EU-IMF Programme (30 Jun 2011)

Michael Noonan: As the Deputy will be aware, the Euro Area Heads of State and Government agreed in principle to a reduction in the interest margin charged to programme countries. This has been applied in respect of Greece and Portugal. However, a decision to apply it to Ireland's loans has not yet been taken. This is because another Member State is asking for Ireland to deliver a quid pro quo in return...

Written Answers — National Asset Management Agency: National Asset Management Agency (30 Jun 2011)

Michael Noonan: The NAMA legislation provides for various reporting mechanisms that are designed to enhance the accountability of the Agency to the Oireachtas, such as: Provision for the Chairperson and CEO of NAMA to appear, if requested to do so, before a Committee of the Oireachtas which is examining matters relating to NAMA. NAMA's Chief Executive appeared before the Joint Committee on Finance and the...

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (30 Jun 2011)

Michael Noonan: My Department has been advised by the bank that no discretionary bonus payments were paid to the Chief Executive or any of his management team, at the bank in respect of the 2010 calendar year. The bank has advised that it does not operate any performance-related bonus scheme. I am concerned that the information just supplied to my Department by Anglo Irish Bank in answer to this question...

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (30 Jun 2011)

Michael Noonan: I am advised by AIB that no bonus payments (defined as annual discretionary bonus, guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments) have been made to the Executive Chairman or any of the management team at the bank in respect of the calendar year 2010. However, in recognition of the fact that additional information regarding remuneration...

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (30 Jun 2011)

Michael Noonan: I am informed by the Bank of Ireland that no bonus payments (defined as annual discretionary bonus, guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments) have been paid to the Chief Executive or any of the Group Executive Committee at the bank in respect of the 2010 calendar year. In the interest of clarity, the Deputy will be aware from the...

Written Answers — Public Procurement: Public Procurement (29 Jun 2011)

Michael Noonan: The position is that whilst public bodies may use a prospective contractor's turnover to assess a company's financial capacity, there are no centrally imposed requirements for a minimum turnover. Such requirements would normally be developed on a case by case basis with reference to the specific needs of the contract. The Government recognises that the small and medium enterprise (SME)...

Written Answers — Pension Provisions: Pension Provisions (29 Jun 2011)

Michael Noonan: I am not in a position to comment on the matter based on the information supplied with the question. I would advise that the individual concerned send all of the details of her pension plan and correspondence with the provider concerned (together with the details of her public service pension entitlements) to the Office of the Revenue Commissioners, Large Cases Division, Financial Services...

Written Answers — Departmental Expenditure: Departmental Expenditure (29 Jun 2011)

Michael Noonan: The following table gives the cost of the two most recent referendums: Lisbon 1, 12 June 2008 and Lisbon 2, 2 October 2009. Lisbon I Lisbon II €(000) €(000) To conduct the election including the printing of ballot papers and supply/delivery of election material the bulk of this figure is paid to Returning Officers' to conduct the election. 13,641 12,662 Postal Expenses 3,540 1,703...

Written Answers — Tax Code: Tax Code (29 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 67 and 68 together. The estimated full year savings through the application of a 40% and 45% charge on all earnings above €100,000 of Public Servants would be some €105m and €120m respectively. The estimate takes account of the reductions in pay arising from the Financial Emergency Measures in the Public Interest (No. 2) Act, 2009, but does not take...

Written Answers — National Treasury Management Agency: National Treasury Management Agency (29 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 69, 71, 73 and 76 together. Under the National Treasury Management Agency (NTMA) business model, its remuneration structure (including for staff employed on NAMA work) is such that there are no general pay grades and no pay scales and all staff are on individually-negotiated contracts. The legislation which established the NTMA positioned it outside of the...

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (29 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 70, 72, 74 and 75 together. Under the Central Bank Act 1942, the employment of staff at the Central Bank and their terms and conditions are matters for the Central Bank Commission. However, I have been informed by the Central Bank of the information set out in the tables below. The information includes information relating to the Irish Financial Services...

Written Answers — Public Service Contracts: Public Service Contracts (29 Jun 2011)

Michael Noonan: In general, recruitment to public service posts is on the basis of competition open to all eligible candidates. However, to respond to particular needs, former civil and public servants may be re-engaged in areas where specific expertise is required for a short, fixed period and where they provide a level of knowledge, experience and background that is compatible with requirements. If...