Results 4,081-4,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: I propose to take Questions Nos. 267 to 270, inclusive, together. As I advised the Deputy in my reply to Parliamentary Questions Nos. 61, 62, 63, 69 and 70 of 18 May 2016, information on the number of debtors potentially affected by the unauthorised disclosures is held by the Garda Bureau of Fraud Investigation which carried out the investigation which led to the prosecution of a former...

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: The two matters referred to in this question are separate and distinct. To help clarify the Deputy's understanding of these events, I refer the Deputy to information I put on the record during a Topical Issues Debate on this issue on September 25, 2012, some of which I repeat below for the benefit of the Deputy. I am advised that on 2 August 2012,...

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: I am advised that NAMA has acted at all times in accordance with the instructions of the Garda Bureau of Fraud Investigation. I am further advised by NAMA that The Garda Bureau of Fraud Investigation instructed NAMA not to make any public comment about any matter which was the subject of a criminal investigation. As I advised in my response today (31 May 2016) to Parliamentary...

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: The Deputy will appreciate that it would be entirely inappropriate to publish any major review of IT security, data access and data transmission within NAMA. The Deputy will no doubt recognise that publication of such details would be particularly helpful to those who might wish to circumvent the IT security arrangements in place.

Written Answers — Department of Finance: NAMA Legal Cases (31 May 2016)

Michael Noonan: I am advised that Arthur Cox provided legal advice to the NTMA and NAMA in respect of separate civil proceedings taken in respect of this matter. The advice is subject to legal privilege.

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: I am advised that NAMA does not have access to any information on investigations that may have been carried out by other parties.

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: I propose to take Questions Nos. 275 and 276 together. I am advised that the information collated during the investigation into this matter is solely within the remit of the Garda Bureau of Fraud Investigation and I further understand that the details requested by the Deputy were not made public during the course of the related court proceedings. I am further advised by...

Written Answers — Department of Finance: NAMA Operations (31 May 2016)

Michael Noonan: I am advised by NAMA that, as indicated to the Deputy in reply to Parliamentary Question No. 68 of 18 May 2016, NAMA referred one additional complaint to the Gardaí in 2013 which relates to a complaint made to NAMA of a possible alleged unauthorised disclosure of a single document by a former officer of NAMA. I am further advised by NAMA that this is currently being investigated by...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (31 May 2016)

Michael Noonan: I propose to take Questions Nos. 278, 279, 281 and 282 together. The system for monitoring and supervising significant financial institutions has changed fundamentally in the last number of years and continues to evolve. The Single Supervisory Mechanism (SSM), the new system of financial supervision comprising of the European Central Bank (ECB) and the national competent authorities...

Written Answers — Department of Finance: Competition and Consumer Protection Commission (31 May 2016)

Michael Noonan: The Competition and Consumer Protection Commission was established through the amalgamation of the Competition Authority and the National Consumer Agency as provided for in the Competition and Consumer Protection Act, 2014. The Competition and Consumer Protection Commission falls under the aegis of the Department of Jobs, Enterprise and Innovation, and therefore my colleague Minister...

Written Answers — Department of Finance: Departmental Expenditure (31 May 2016)

Michael Noonan: In response to the Deputy's question, the total cost of professional fees incurred by my Department in 2015 (and published on the Department of Finance website) amounted to some €3m. A 10 per cent reduction in spending on consultancy related activities would, therefore, give rise to an annual saving of some €300k.

Written Answers — Department of Finance: Departmental Budgets (31 May 2016)

Michael Noonan: In response to the Deputy's question, the total annual cost of travel and expenses incurred by my Department in 2015 amounted to €556,000. A 10 per cent reduction in spending on travel would give rise to an annual saving of €56,000. It is worth noting that travel and subsistence costs are calculated on pre-set subsistence rates or on the actual costs incurred by the...

Written Answers — Department of Finance: Tax Relief Eligibility (26 May 2016)

Michael Noonan: Consanguinity relief is a relief which halves the normal stamp duty rate on transfer of non-residential property between certain relatives. The relief was scheduled to expire after 31 December 2014. The Agri-taxation review supported the retention of a more targeted version of this relief where it facilitates access of land to younger farmers. Consequently, Finance Act 2014 extended the...

Written Answers — Department of Finance: Universal Social Charge Data (26 May 2016)

Michael Noonan: I propose to take Questions Nos. 59 and 79 together. The following table sets out the broad projected revenues that will be generated by the Universal Social Charge (USC) for each of the next five years.  It should be noted that figures are provided on a no policy change basis, with the figures providing for the indexation of USC thresholds and bands. In addition, it should be noted that...

Written Answers — Department of Finance: Tax Code (26 May 2016)

Michael Noonan: The European Commission's 2016 Country Report makes a range of comments in regard to the Irish tax system including those highlighted by the Deputy. In addition, the accompanying Country Specific Recommendations for Ireland include a number of recommendations concerning the Irish tax system. With regard to the ratio of tax revenue to Gross Domestic Product (GDP), on this measure, Ireland...

Written Answers — Department of Finance: Tax Relief Availability (26 May 2016)

Michael Noonan: One of the recommendations of the Agri-taxation Review was that stamp duty relief be given in relation to certain leases of farmland to encourage more productive use of land. As a result of Section 74 of the Finance Act this recommendation is now reflected in Section 81D of the Stamp Duties Consolidation Act 1999. The section provides, subject to certain conditions, for relief from stamp...

Written Answers — Department of Finance: Tax Relief Data (26 May 2016)

Michael Noonan: I propose to take Questions Nos. 62 to 64, inclusive, together. Article 4 of Council Directive 92/83/EEC provides that Member States may apply tax relief of up to 50% on the standard excise rate on beer exceeding 2.8% alcohol by volume that is produced in the EU by qualifying microbreweries.  Eligibility for the relief is determined, among other criteria, by the brewery's total...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (26 May 2016)

Michael Noonan: I have been informed by the Central Bank that its examination of tracker mortgage related issues covers all lenders which offered tracker mortgages to customers, including both for the family home and investment properties from when the lenders started to offer such mortgages, up to the end of 2015. The Central Bank's purpose in this examination is to identify any cases where: -...

Written Answers — Department of Finance: NAMA Property Leases (26 May 2016)

Michael Noonan: NAMA has acquired and manages loans. It does not manage individual properties. These remain under the control of its debtors and receivers who are required to optimise the income generated by the assets under their control. This ensures that they are in a position to maximise their debt repayments to NAMA and ultimately eliminate any contingent liability to the taxpayer. The Deputy will...

Written Answers — Department of Finance: EU Directives (26 May 2016)

Michael Noonan: My Department is currently transposing the EU Payment Accounts Directive which requires that all consumers legally resident in the EU must have access to a payment account with basic features, free of charge or for a reasonable fee, regardless of their financial circumstances. The Directive also requires Member States to raise awareness among the public about...