Results 7,941-7,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector Regulation (24 Mar 2015)

Michael Noonan: The Deputy will be aware that I, in my role as Minister for Finance, have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. Notwithstanding...

Written Answers — Department of Finance: Home Repossession Rate (24 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 259 and 260 together. While the Courts Service operates as an independent corporate organisation, primary responsibility for reporting on matters before the Courts, including home repossession cases, lies with the Department of Justice and Equality.  We have asked that Department to source the data on repossession cases from the Courts...

Written Answers — Department of Finance: Universal Social Charge Application (24 Mar 2015)

Michael Noonan: The Universal Social Charge was introduced by Section 3(1)(a) of the Finance Act 2011 and applies to specified income received on and after 1st January 2011. The charge is determined by the date the relevant income is received as distinct from when it was earned. I am advised by the Revenue Commissioner that the person concerned received arrears of pay in 2012 in respect of the years...

Written Answers — Department of Finance: NAMA Debtor Agreements (24 Mar 2015)

Michael Noonan: My response to Parliamentary Question No. 76 of 26 February 2015 stated that of the 109 debtor connections that have reached a final agreement with NAMA, 62 relate to debtor connections whose loans were sold and 47 relate to debtor connections where NAMA has concluded a final settlement agreement directly with the debtor connections resulting in no remaining par debt being owed to...

Written Answers — Department of Finance: Bank Guarantee Scheme Bond Repayments (24 Mar 2015)

Michael Noonan: I have received the following information from the relevant institutions. AIB The only transaction involving dated subordinated debt from 30 September 2008 to 30 September 2010 was an exchange that was transacted in March 2010. This involved the exchange of €2,211m dated subordinated debt. Consideration of €1,768m of replacement dated subordinated debt notes was given. The...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 Mar 2015)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, assistance with fuel costs, and an exemption from Motor Tax. In respect of drivers with disabilities, Regulation 8(1)(d) of the Disabled...

Written Answers — Department of Finance: Tax Code (24 Mar 2015)

Michael Noonan: When the system of individualisation was introduced in the tax code in 1999, a home carer allowance was also introduced to compensate those who chose to stay at home to care for children rather than participate in the labour market. The Home Carer Tax Credit can be claimed by a jointly assessed couple in a marriage or civil partnership, where one spouse or civil partner is the Home Carer...

Written Answers — Department of Finance: National Debt (24 Mar 2015)

Michael Noonan: At the end of 20131, the general government debt per capita figures were €46,950 for Ireland and €28,848 for Greece while the comparable Gross National Income (GNI) per capita figures were €32,391 and €16,486 for Ireland and Greece respectively. These equate to a debt to GNI percentage of 144.9% for Ireland and 175.0% for Greece. It should be noted that Gross...

Written Answers — Department of Finance: Insurance Industry Regulation (24 Mar 2015)

Michael Noonan: The Central Bank Review of the Sale of Payment Protection Insurance on 11 credit institutions was reported on in March 2014. Since then one further institution has made refunds to PPI customers. I am informed by the Central Bank that allcustomers identified for refunds under the reviews were written to and made offers of refunds.  If any PPI customer considers that they should have...

Written Answers — Department of Finance: Irish Fiscal Advisory Council Membership (24 Mar 2015)

Michael Noonan: An open selection process for the recent appointment of a Member of the Irish Fiscal Advisory Council was undertaken in accordance with the "Guidelines for appointments to state boards" published by the Government in November 2014.  The vacancy was advertised on Stateboards.ie and the process was managed by the Public Appointments Service (PAS). The advertisement, which requested...

Written Answers — Department of Finance: Tax Code (24 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 269, 270, 274 and 275 together. The position is that in Finance Act 2010, mortgage interest relief was extended up to end of 2017 for those whose entitlement to relief was due to end in 2010 or after.  Therefore, tax relief will continue to be available in respect of interest paid by an individual on qualifying home loans taken out on or after 1...

Written Answers — Department of Finance: Freedom of Information Data (24 Mar 2015)

Michael Noonan: Under section 20 of the Freedom of Information Act, 2014 I have delegated the powers of decision maker and reviewer to officers in my Department. In practice this means that Assistant Principal Officers or equivalents are decision makers and Principal Officers or equivalents act as reviewers of Freedom of Information requests made under the Act to my Department. These officials have the...

Written Answers — Department of Finance: Tax Data (24 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that net tax receipts  in respect of activities such as producing gas fields would most likely be recorded in the trade sector "Mining and Quarrying" in the "Net Receipts by Sector" table noted by the Deputy. These sectoral receipts figures are based ona sector identifier used on the tax records called the "NACE code" (the current version of...

Written Answers — Department of Finance: Mortgage Arrears Proposals (24 Mar 2015)

Michael Noonan: The correspondence referred to in the Deputy's question makes the case that large scale debt forgiveness by the Government to distressed mortgage holders is not a fair response to the issue and would disadvantage those currently renting and wishing to purchase an affordable home. The Government has developed a comprehensive cross-Departmental strategy to support households in arrears in...

Written Answers — Department of Finance: Home Repossession (24 Mar 2015)

Michael Noonan: The Consumer Credit Act provides that any communication issued by or on behalf of a mortgage lender to a borrower which refers to the possibility of possession proceedings being taken under the mortgage, shall contain an estimate of the cost to the borrower of such proceedings. This requirement is spelt out in more detail in the CCMA and at various points in the MARP process, the lender is...

Written Answers — Department of Finance: National Treasury Management Agency (24 Mar 2015)

Michael Noonan: The National Treasury Management Agency (the "NTMA") advised the Committee of Public Accounts in February 2014 that, in view of the nature of the failings at State Street identified by the Financial Conduct Authority, the National Pensions Reserve Fund (the "Fund") had terminated its contract with State Street Global Advisers ("SSGA"), which managed an indexed equity mandate for the...

Written Answers — Department of Finance: Tax Collection (24 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that general guidance on the tax treatment of expenses is available on Revenue's website, including Statement of Practice SP/IT/2/2007 (Tax Treatment of the reimbursement of Expenses of Travel and Subsistence to Office Holders and Employees) and two information leaflets IT51 (Employees' Motoring/Bicycle Expenses) and IT54 (Employees' Subsistence...

Written Answers — Department of Finance: Home Repossession Rate (24 Mar 2015)

Michael Noonan: While the Courts Service operates as an independent corporate organisation, primary responsibility for reporting on matters before the Courts, including home repossession cases, lies with the Department of Justice and Equality.  I have been informed by the Courts Service that the actual number of new cases initiated for repossession of land and/or...

Written Answers — Department of Finance: Home Repossession Rate (24 Mar 2015)

Michael Noonan: While the Courts Service operates as an independent corporate organisation, primary responsibility for reporting on matters before the Courts, including home repossession cases, lies with the Department of Justice and Equality.  I have been informed by the Courts Service that the actual number of new cases initiated for repossession of land and/or...

Written Answers — Department of Finance: Tax Data (24 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 281 and 282 together. I am advised by the Revenue Commissioners that a wide range of statistical information is now available on the Revenue Commissioners' new, enhanced, statistics webpage at . In particular, in response to the Deputy's Questions, detailed information is presented on the breakdowns of gross income at . This information can be found under the...