Results 10,521-10,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: State Bodies Funding (17 Jul 2014)

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 Deputy should be aware that the Irish Fiscal Advisory Council is an independent body in compliance with the requirements of the Treaty on Stability, Coordination and Governance done at Brussels on 2 March 2012. Any expenditure incurred by the Irish...

Written Answers — Department of Finance: Credit Unions Regulation (17 Jul 2014)

Michael Noonan: The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. As Minister for Finance, my...

Written Answers — Department of Finance: Budget 2015 (17 Jul 2014)

Michael Noonan: The budgetary process for 2015, like any other year, is a "whole-year" process and in that regard preparations have already commenced for Budget 2015.  The Deputy should be aware of the arrangements introduced under the new EU semester, whereby the Stability Programme Update, containing revised macroeconomic and budgetary projections, was prepared and submitted to the European...

Written Answers — Department of Finance: IBRC Liquidation (17 Jul 2014)

Michael Noonan: The Special Liquidators are in the process of compiling a response to this question which I will forward to the Deputy at the earliest opportunity.

Written Answers — Department of Finance: IMF Loan Issues (17 Jul 2014)

Michael Noonan: The National Treasury Management Agency (NTMA) have advised that, following the final EU/IMF Programme disbursement of €0.8 billion from the European Financial Stabilisation Mechanism (EFSM) in March 2014, the estimated weighted average maturity of the EU/IMF Programme loans was 12.7 years at end-March 2014.    This estimated weighted average maturity reflects the...

Written Answers — Department of Finance: NAMA Operations (17 Jul 2014)

Michael Noonan: NAMA advises that, in the case of unfinished housing estates, where buildings are unsafe or otherwise not viable, demolition may be considered as an option.  NAMA advises that whilst a decision to demolish any building or development is not taken lightly, it may be considered as a means of reaching resolution on properties where the development is unviable for economic, structural or...

Written Answers — Department of Finance: Vehicle Registration (17 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that VRT appeals in relation to imported vehicles relate mainly to the determination of the Open Market Selling Price on which VRT is calculated and it is assumed that this is the matter of interest to the Deputy. The statistics below show the number of vehicles registered in 2012, 2013 and to date in 2014, the appeals lodged in those periods where...

Written Answers — Department of Finance: NAMA Operations (17 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 148 and 155 together. I am advised by NAMA that the position in this matter is as set out by the NAMA Chief Executive before the Dáil Committee of Public Accounts in December 2013. As the particular case to which the Deputy refers now rests with An Garda Síochána, it would not be appropriate for me to make any further comment at this time.

Written Answers — Department of Finance: NAMA Portfolio (17 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 149 and 156 together. I am advised by NAMA that it is not aware of any such unauthorised purchases. 

Written Answers — Department of Finance: Irish Water Remit (17 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 150 and 163 together. The Water Services Acts 2013, the act under which Irish Water was established, provided that there will be two classes of shares in Irish Water:  - a single share issued to Bord Gáis Éireann which will carry all voting rights (since it is expressly provided that no voting rights will attach to the remaining shares to be...

Written Answers — Department of Finance: Customs and Excise Controls (17 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that all private aircraft arrivals at Ireland West Airport Knock are monitored on an on-going basis. The risk of smuggling (including drug smuggling) using unscheduled flights is fully appreciated by Revenue and is the subject of continuous assessment and risk analysis. The decision on whether or not to search a private aircraft is based on risk...

Written Answers — Department of Finance: National Treasury Management Agency Deposits (17 Jul 2014)

Michael Noonan: The National Treasury Management Agency (NTMA) has advised that at end-June 2014 the Exchequer had €20.6 billion available in Exchequer cash and other short-term investments. Cash balances are expected to decrease significantly by year-end due to the recent bond buy-back/switch conducted by the Agency (NTMA), the projected Exchequer Borrowing Requirement (EBR) in the second half...

Written Answers — Department of Finance: Tax Code (17 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the table below sets out the number of domicile levy returns received in respect of each year since its introduction together with the amount of levy declared in respect of those returns and the amounts that have been paid. Outstanding amounts are subject to on-going compliance and enforcement action. Returns for the tax year 2013 are due to be...

Written Answers — Department of Finance: Credit Unions Restructuring (17 Jul 2014)

Michael Noonan: While the Government is absolutely determined to support a strengthened and growing credit union movement and has highlighted its support for the return of a credit union to Newbridge, my role is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. I have been informed that the Central Bank is open to any...

Written Answers — Department of Finance: Mortgage Interest Rates (17 Jul 2014)

Michael Noonan: Firstly, I must confirm to the Deputy that neither the Central Bank nor I have any responsibility for the variable mortgage interest rate charged by regulated financial instutions.  The lending institutions in Ireland - including those in which the State has a significant shareholding - are independent commercial entities. I have no statutory role in relation to regulated...

Written Answers — Department of Finance: Mortgage Applications Approvals (17 Jul 2014)

Michael Noonan: I can confirm for the Deputy that I have received the following information from the Banks. 1) Allied Irish Banks AIB Mortgage approval is considered valid for a period of six months from date of issue. 2) Permanent TSB The mortgage validity period is 6 months from the grant date. In the case of Bank of Ireland I understand that mortgage approval is typically valid for a period of 3...

Written Answers — Department of Finance: Liquor Licence Numbers (17 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the number of renewed alcohol licences in the off-trade and on-trade for the calendar years in question is set out in the table. As the licencing year is 1 October to 30 September, the figures supplied for 2013 are inclusive of licences which remain valid until 30 September 2014. The Deputy may wish to note that a list of current valid Liquor...

Written Answers — Department of Finance: Banking Sector Regulation (17 Jul 2014)

Michael Noonan: Considerable progress has been made over the past few years to put in place a Europe wide system of bank supervision. In the first instance a harmonised set of EU rules on capital requirements for credit institutions and investment firms was agreed early last year. These rules apply to all 28 EU Member States and were transposed into Irish law earlier this year. The...

Written Answers — Department of Finance: Banking Sector Remuneration (17 Jul 2014)

Michael Noonan: As the Deputy will be aware the Review of Remuneration Practices & Frameworks at the Covered Institutions (the "Mercer Report") was published by my Department on 12th March 2013. Following the publication I requested that the three banks in which the State is a shareholder make savings in total remuneration costs of 6% to 10%.  The three banks responded...

Written Answers — Department of Finance: Property Taxation Administration (17 Jul 2014)

Michael Noonan: I am advised by Revenue that the Finance (Local Property Tax) Act 2012 (as amended) provides that all payments of Local Property Tax (LPT) are due on or before 1 January in the year immediately following the year in which the 'liability date' falls. The 'liability date' is 1 November in the preceding year, for example 1 November 2014 in respect of 2015. The Deputy will be aware that the...