Results 24,841-24,860 of 27,019 for speaker:Michael Noonan

Written Answers — Banks Recapitalisation: Banks Recapitalisation (21 Jun 2011)

Michael Noonan: I presume the Deputy's question refers to the value of the bonds issued by NAMA to the institutions participating in the Scheme. These bonds are available to be used by these institutions to obtain liquidity from the normal monetary operations of the Eurosystem. This funding plays an important role in supporting the domestic banking system and in facilitating their lending into the economy....

Written Answers — Departmental Expenditure: Departmental Expenditure (21 Jun 2011)

Michael Noonan: All Ministers are currently engaged with their Departments in completing Reviews of all expenditure under their auspices, including in public service agencies. Arising from this exercise, Expenditure Reports will prepared by each Department, and be evaluated by the official level Steering Committee by end July. The final reports will be presented to the Government Economic Management...

Written Answers — National Asset Management Agency: National Asset Management Agency (21 Jun 2011)

Michael Noonan: Section 221 of the National Asset Management Agency Act 2009 provides that, subject to exceptions covered in subsections 3 and 4, a person who communicates on behalf of another person with, amongst others, NAMA and a NAMA group entity, with the intention of influencing the making of a decision in relation to the performance of the functions of NAMA or the NAMA group entity, commits an...

Written Answers — Tax Collection: Tax Collection (21 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned will receive a Tax Clearance Certificate within ten days.

Written Answers — Public Private Partnership: Public Private Partnership (21 Jun 2011)

Michael Noonan: I would refer the Deputy to Chapter Five of the Report of the Comptroller & Auditor General 2009 (Volume 1) which was published in September 2010. This chapter, entitled "Financial Commitments under Public Private Partnerships," provides information about the financial commitments entered into by central Government departments and agencies under PPP contracts. Figures for 2010 will appear in...

Written Answers — Insurance Industry: Insurance Industry (21 Jun 2011)

Michael Noonan: The question of providing cover to new policyholders or renewing it for existing ones is a matter for each insurance company to decide on a case by case basis. This allows a company to assess properly the risk it is considering accepting. Consequently, I am not in a position to comment on particular cases as neither the Central Bank nor I, as Minister for Finance, have any influence over...

Written Answers — Tax Code: Tax Code (21 Jun 2011)

Michael Noonan: The section in the Finance Act 2010 that provides for the application of the carbon tax to solid fuels (coal and commercial peat) is subject to a Ministerial Commencement Order. This approach was primarily adopted by the previous Government in order to allow time for a robust mechanism to be put in place to improve the control of high sulphur coal being sourced from Northern Ireland...

Written Answers — National Asset Management Agency: National Asset Management Agency (21 Jun 2011)

Michael Noonan: There are 16 solicitors or para-legal staff working in the Legal & Tax division of NAMA. The National Asset Management Agency Act 2009 (Section 42) provides that all officers of NAMA are National Treasury Management Agency (NTMA) employees. The remuneration packages of all NTMA staff are negotiated on an individual contract basis and are confidential. NAMA has also established panels for...

Written Answers — Tax Code: Tax Code (21 Jun 2011)

Michael Noonan: It is assumed that the Deputy is referring to the annual alcohol excise licence fees payable by the on- and off-trade respectively. In that context it has to be recognized that the main Exchequer receipts for the sale of alcohol arises from excise on alcohol products, which for example yielded €968m in 2009, compared to a yield of around €13.6m in respect of all alcohol excise licence...

Written Answers — Financial Sector Restructuring: Financial Sector Restructuring (21 Jun 2011)

Michael Noonan: The Deputy will be aware from my Statement on Banking on 31 March 2011 that the future of Ireland's banking landscape will be built around the two Pillar Banks, Bank of Ireland and AIB. Each of these banks has already begun to reorganize their operations into core and non-core functions and to implement a carefully managed programme of deleveraging. Both Bank of Ireland and AIB have...

Written Answers — Credit Union Movement: Credit Union Movement (21 Jun 2011)

Michael Noonan: The Deputy will be aware that under the EU/IMF Programme of Support for Ireland, stress tests and loan book reviews on credit unions have been completed by the Central Bank of Ireland. The purpose of this work was to provide the Central Bank of Ireland with the necessary regulatory information to concentrate its supervisory focus and, where necessary, to take pre-emptive remedial action to...

Written Answers — Tax Collection: Tax Collection (21 Jun 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that, as advised in our letter of 6 January 2011, contact was made with the employer in January 2011. However, the details necessary to carry out reviews have not yet been made available to Revenue. Contact has again been made, today, with the employer to obtain these details.

Written Answers — Disabled Drivers: Disabled Drivers (21 Jun 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 (HSE) administrative area. If the Primary Medical Certificate is refused, the person may appeal the refusal to the Medical Board of Appeal, National Rehabilitation...

Written Answers — Departmental Staff: Departmental Staff (21 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that all processing of personal taxpayer information by Revenue is carried out in accordance with the Data (Protection) Acts. A general principle of Irish data protection law is that the data controller needs the consent of the data subject in order to disclose personal tax information to a third party. Revenue has a duty to protect the...

Written Answers — Proposed Legislation: Proposed Legislation (16 Jun 2011)

Michael Noonan: Some financial service providers, currently authorised by the Central Bank, provide debt advice to consumers, for example, mortgage brokers. Consumers can confirm whether or not a financial service provider is authorised by checking the Register of Financial Service Providers on the Central Bank's website. There are also companies offering debt management and debt counselling services which...

Written Answers — Financial Services Regulation: Financial Services Regulation (16 Jun 2011)

Michael Noonan: At present, moneylenders are covered by a range of provisions under the Consumer Credit Act 1995 (the Act), including the annual licensing process and the register of licensed moneylenders system as administered by the Central Bank. Consumers, who avail of loans from moneylenders licensed under the Act, are entitled to a considerable amount of information in relation to such loans....

Written Answers — Exchequer Savings: Exchequer Savings (16 Jun 2011)

Michael Noonan: I am informed by the Central Bank that the value of gold and gold receivables held by the Bank at the end of 2010 was some €203.792 million (€147.975 million at end-2009). Gold is valued at the closing market price and securities at mid-market closing prices at year-end. The increase in the balance sheet entry for the value of the Bank's gold holdings at end-2010 is due to the change in...

Written Answers — EU Funding: EU Funding (16 Jun 2011)

Michael Noonan: Ireland has been allocated in total €901m in Structural Funding for the 2007-13 programming period with €750m assigned to the Regional Competitiveness and Employment (RCE) Objective. Ireland's National Strategic Reference Framework (NSRF) sets out the policy context through which the RCE allocation may be applied. This is implemented through three Operational Programmes: the Border,...

Written Answers — Tax Code: Tax Code (16 Jun 2011)

Michael Noonan: The purchase of land by a Young Trained Farmer qualifies for an exemption from Stamp Duty. A Young Trained Farmer is someone who is under 35 years of age on the date of execution of the deed of transfer and has attained one of the necessary qualifications and, where required, is the holder of the appropriate certificate(s) awarded by the Further Education and Training Awards Council (FETAC)...

Written Answers — Flood Relief: Flood Relief (16 Jun 2011)

Michael Noonan: The question of providing cover to new policyholders or renewing it for existing ones is a matter for each insurance company to decide on a case by case basis as this allows a company to properly assess the risk it is considering accepting. Consequently I am not in a position to comment on particular cases as neither the Central Bank nor I, as Minister for Finance, have any influence over...