Results 6,581-6,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Receivers (9 Jul 2015)

Michael Noonan: I have been provided by the National Asset Management Agency with data, set out in the following table, on the names of receivers appointed by the National Asset Management Agency, the number of receiverships they were engaged on and the fees agreed for each named receiver in each of the years in respect of these appointments for 2013 and 2014 and the six month period of 2015. - 2013 2014...

Written Answers — Department of Finance: NAMA Receivers (9 Jul 2015)

Michael Noonan: I have been advised by the National Asset Management Agency that fees agreed with appointed receivers have ranged from €625 to €1.299 m.

Written Answers — Department of Finance: NAMA Expenditure (9 Jul 2015)

Michael Noonan: I have been provided by the National Asset Management Agency in the following table details of the top ten highest  cumulative fees agreed with receiver firms in respect of receivership appointments made since the agency was established: Firm Agreed Fees € Number of Appointments Grant Thornton 10,119,962 35 KPMG 8,126,885 37 Duff & Phelps* 6,356,097 25 Mazars...

Central Bank (Variable Rate Mortgages) Bill 2015: Second Stage (Resumed) [Private Members] (8 Jul 2015)

Michael Noonan: I thank Deputy McGrath for the Bill. I was sorry I could not be here yesterday but I was in Brussels. The Government is concerned about the issue of the high mortgage repayments being faced by mortgage holders and I have made it clear that the issue of a penal banking levy in the budget or powers for the Central Bank to regulate interest rates will be considered if sufficient progress on...

Topical Issues: Tracker Mortgage Data (8 Jul 2015)

Michael Noonan: I thank Deputy Jim Daly for raising this issue. I am not sure my scripted response will be an appropriate answer to the issues he has raised now, but I will read it anyway and we can talk about it at the end. As Deputies will be aware, the code of conduct on mortgage arrears, CCMA, provides a strong consumer protection framework for borrowers. One of the elements contained in the code is...

Topical Issues: Tracker Mortgage Data (8 Jul 2015)

Michael Noonan: I thank Deputy Jim Daly. The Central Bank is independent and I cannot compel it to provide the Deputy with the information he requests. However, I will get my officials to forward copies of Deputy Jim Daly's interventions today to the Governor of the Central Bank and ask him to provide the Deputy with the information requested or, if he is unable to do that, to provide an explanation as to...

Leaders' Questions (8 Jul 2015)

Michael Noonan: We do not have an army council here.

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (8 Jul 2015)

Michael Noonan: Data relating to the home renovation incentive scheme is available from the statistics section of the Revenue website at www.revenue.ie/en/about/statistics/index.html. In particular, the data requested by the Deputy, including a breakdown by county, are available in the "Tax Expenditures" section of the page at www.revenue.ie/en/about/statistics/hri-stats.pdf. These statistics will be updated...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (8 Jul 2015)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive (HRI) was introduced in Budget 2014 and will run until the end of December this year. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. This is not a grant. In Budget 2015...

Written Answers — Department of Finance: Tax Reliefs Availability (8 Jul 2015)

Michael Noonan: In the recent past, under the Rural Renewal and Town Renewal Schemes, tax relief in the form of Owner/Occupier relief and Section 23 rented residential relief was made available for expenditure incurred on the construction, conversion and refurbishment of residential property. The Town Renewal Scheme applied in certain designated towns while the Rural Renewal Scheme applied in the counties...

Written Answers — Department of Finance: Departmental Schemes (8 Jul 2015)

Michael Noonan: My Department has not administered any grant schemes for community groups or projects over the past four years. 

Written Answers — Department of Finance: Tax Code (8 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 66, 69 and 75 together. The UK company Standard Life plc, offered its shareholders the option of having return of value payments due to them treated as income or capital, with treatment as income being the default position in the absence of shareholders choosing an option within a specified time which has now elapsed. The Revenue Commissioners have...

Written Answers — Department of Finance: Insurance Industry Regulation (8 Jul 2015)

Michael Noonan: At the outset it should be noted that the Central Bank has the responsibility for day to day regulatory issues, and is statutorily independent in the exercise of these functions. Consumer issues are covered by the Central Bank's Consumer Protection Code which, amongst other things, sets out a series of general principles about how financial services firms (including all insurance...

Written Answers — Department of Finance: Property Tax Assessments (8 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that Local Property Tax (LPT) is a self-assessed tax and it is a matter for each property owner to calculate the liability based on his/her assessment of the market value of the property on the relevant 'valuation date'. The first LPT 'valuation date' was 1 May 2013 and any property valuation declared on that date is valid until 31 October 2016....

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (8 Jul 2015)

Michael Noonan: I assume the Deputy is referring to the Strategic Banking Corporation of Ireland (SBCI).  The SBCI was incorporated in September 2014 and since then, the SBCI has made considerable progress in building relations with lending partners and in constructing the complex operational capability required to bring products to market. These include establishing operational capability with funders...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (8 Jul 2015)

Michael Noonan: My Department has clarified with Deputy O'Sullivan's office that this question is in relation to the Strategic Banking Corporation of Ireland (SBCI). As the Deputy will be aware, the SBCI launched its first programme on 19 February 2015. The Government's aim for the SBCI is to enhance the range and profile of Small and Medium Enterprise...

Written Answers — Department of Finance: Tax Yield (8 Jul 2015)

Michael Noonan: It is assumed the Deputy is referring to stamp duty on residential property, which is currently 1% on the first €1 million of the consideration and 2% on the excess.I am advised by the Revenue Commissioners that the estimated yield to the Exchequer from increasing the 2% rate to 3% would be in the region of €9 million.

Written Answers — Department of Finance: Illicit Trade in Tobacco (8 Jul 2015)

Michael Noonan: I am advised by the Revenue Commissioners that their action against the illegal trade resulted, in 2014, in the seizures of 53.4 million cigarettes. Up to end of May this year, some 32.8 million cigarettes have been seized. Notable seizures have included quantities of 7.68 million, 10.3 million and 9 million. Combating the illegal tobacco trade has been, and continues to be, a priority...

Written Answers — Department of Finance: EU-IMF Programme of Support Drawdowns (8 Jul 2015)

Michael Noonan: As part of the EU/IMF Programme of Financial Support the State entered into in late 2010, the IMF provided SDR19.5 billion (approximately €22.5 billion) in funding under its Extended Fund Facility (EFF). Borrowings from the IMF are denominated in Special Drawing Rights (SDR), an international reserve asset created by the IMF. Its value is based on a basket of four key international...

Written Answers — Department of Finance: Eurozone Crisis (7 Jul 2015)

Michael Noonan: Greece remains a full member of the euro area and it is in all our interests that this continues to be the case. However, as a member of the euro area, each Member State has obligations, and this is no different for Greece.  The second economic adjustment programme for Greece expired on 30 June and all associated financing attached has also expired. Any agreement at this...