Results 8,601-8,620 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Public Sector Staff Recruitment (3 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that based on current staffing levels and projected retirements during 2015 Revenue will require to fill critical posts at all grades this year. Under a delegated sanction received from the Department of Public Expenditure and Reform the Revenue Commissioners are obliged to fill posts in the first instance by reference to the Public Service...

Written Answers — Department of Finance: Bond Markets (3 Feb 2015)

Michael Noonan: As the Deputy is aware bond market yields and their valuations are determined by market participants and not by the Irish authorities. Investors will continue to value Irish sovereign bonds based on Ireland's underlying economic and fiscal fundamentals and relative to its sovereign peers. Ireland is making good economic and fiscal progress after a number of difficult years and is now...

Written Answers — Department of Finance: European Central Bank (3 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 238 and 239 together. Price stability in the euro area has been defined as annual inflation of close to but not exceeding 2 per cent (inflation being measured by the Harmonised Index of Consumer Prices). Inflation in the euro area has been below levels consistent with price stability for some time and, in fact, has been in negative territory for two...

Written Answers — Department of Finance: Banks Recapitalisation (3 Feb 2015)

Michael Noonan: There is no intention to take the actions which the Deputy has referred to.

Written Answers — Department of Finance: Departmental Expenditure (3 Feb 2015)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. I will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Departmental Expenditure (3 Feb 2015)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. I will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: VAT Rate Application (3 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that in general the VAT Directive does not permit Member States to have a rate of VAT that is higher for goods sold online than for the same goods sold in a high street shop. There may be circumstances where differential rates apply to similar supplies; these arise where the on-line supply constitutes the supply of a service and the high street...

Written Answers — Department of Finance: Public Relations Contracts Data (3 Feb 2015)

Michael Noonan: My Department did not hire any external public relations firms during the period 2007 10.

Written Answers — Department of Finance: Tax Rebates (3 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that section 134(6), Finance Act 1992 provides for a repayment of Vehicle Registration Tax where the deletion of a vehicle from the register is warranted by exceptional circumstances which arose within 7 working days after the registration of the vehicle by Revenue and where the vehicle has not been "motor taxed" under the Finance (Excise Duties)...

Written Answers — Department of Finance: Exchequer Revenue (3 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 246 and 248 together. At end-2014 the gross National Debt under the management of the National Treasury Management Agency (NTMA) stood at €197.1 billion. Where there are non-euro borrowings such as those from the UK Treasury and International Monetary Fund (IMF) which form part of the EU/IMF Programme of Financial Support as well as some short-term...

Written Answers — Department of Finance: Central Bank of Ireland (3 Feb 2015)

Michael Noonan: I have been informed by the Central Bank that as at 31 December 2014, the Central Bank held less than 1% of its total investment portfolio in foreign currencies. Given the low level of exposure to foreign currency and the Central Bank's hedging strategy, recent major currency fluctuations have not had a material impact on the Central Bank's financial reserves. While the Question seeks...

Written Answers — Department of Finance: Bank Charges (3 Feb 2015)

Michael Noonan: All credit institutions in Ireland are independent commercial entities. I have no statutory role in relation to the charges applied by credit institutions. Section 149 of the Consumer Credit Act 1995 requires that credit institutions, prescribed credit institutions and bureaux de change must make a submission to the Central Bank if they wish to introduce any new customer charges or increase...

Written Answers — Department of Finance: Irish Fiscal Advisory Council (3 Feb 2015)

Michael Noonan: The Irish Fiscal Advisory Council was established on a statutory basis on the 31 December 2012 under the Fiscal Responsibility Act 2012. The Act sets out the Council's functions, which can only be amended through primary legislation. Further, Regulation (EU) 473/2013 introduced a requirement that draft budgets and the stability programme update must be based on macroeconomic forecasts...

Written Answers — Department of Finance: Economic Statements (3 Feb 2015)

Michael Noonan: Under European Council Regulation 1175/2011, each Member State is required to present an annual update of its Stability Programme to the European Commission and European Council by end-April. The Stability Programme Update (SPU) sets out the Government's budgetary objectives and the main economic assumptions underpinning them for the following three years or - as applies to Ireland - in...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (3 Feb 2015)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive was introduced on 25 October 2013 for repairs, renovations and improvements carried out on a person's main residence. The scheme was extended in the recent Budget to include repairs, renovations and improvements carried out on rental properties whose owners are liable to income tax. Only works carried out by a tax compliant contractor...

Written Answers — Department of Finance: Credit Register Establishment (3 Feb 2015)

Michael Noonan: I am informed by the Central Bank of Ireland that it is nearing the conclusion of a public procurement process to select a partner to build and operate the Central Credit Register (CCR) on its behalf. The strategy pursued has been to seek proposals from experienced operators with:- a deep understanding of the business processes and specialised data processing involved, in particular, to match...

Written Answers — Department of Finance: Negative Equity Mortgages Data (3 Feb 2015)

Michael Noonan: Negative equity occurs when the price of a property falls below the value of the outstanding mortgage secured on that property. While regular data is not collected on the number of persons whose homes are in negative equity, the Deputy may wish to note that there has been some independent assessment of the issue conducted recently by the Economic and Social Research Institute (ESRI). The...

Written Answers — Department of Finance: Mortgage Applications Approvals (3 Feb 2015)

Michael Noonan: The Central Bank has advised me that a borrower who has mortgage approval in principle, supported by a full credit assessment, prior to the effective date of the new macro prudential regulations on residential mortgage lending, will not be impacted by these regulations for the duration of the mortgage approval.

Written Answers — Department of Finance: Mortgage Applications Approvals (3 Feb 2015)

Michael Noonan: The Central Bank is responsible for formulating and implementing macro prudential policy. In the context of negative equity, the Central Bank considers that it is necessary to provide for an exemption for households in such a situation to avoid unduly limiting mobility for such borrowers. The Central Bank has indicated that there is currently little new lending to such borrowers (less than...

Written Answers — Department of Finance: Tax Reliefs Application (3 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that a wide range of statistical information is available on their new, enhanced, statistics webpage at . There is a section of that page dedicated to Income Tax and Corporation Tax data at in which information on the cost of credits, allowances and reliefs for the years 2004 to 2012 (the most recent figures available) can be found, under the heading...