Results 11,761-11,780 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Customs and Excise Staff (17 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that their office is a fully integrated tax and customs administration and that it is not possible to disaggregate the resources deployed exclusively at any given time on customs or excise work. If there is a particular Excise or Customs service which the Deputy has in mind, it may be possible for Revenue to give a more helpful reply. Customs work,...

Written Answers — Department of Finance: Property Taxation Yield (17 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally and the most up to date figures for LPT collected relating to properties in Longford and Westmeath County Councils were published on 16 April 2014 on the Commissioners' website at: . The Commissioners have also confirmed...

Written Answers — Department of Finance: NAMA Loan Book (17 Apr 2014)

Michael Noonan: As the Deputy may be aware, in the context of my Department's review, I have asked NAMA to evaluate their disposal timing and strategy in the context of current market demand and explore the advantages and disadvantages of accelerating its disposal strategy.  I understand that the NAMA Board is currently reviewing all strategic options and that the Board expects to complete...

Written Answers — Department of Finance: NAMA Loan Book (17 Apr 2014)

Michael Noonan: Details relating to NAMA s loan portfolio are set out in its Section 55 Quarterly Accounts, which are available on the Agency s website, .  The Deputy may also wish to note that NAMA s Annual Report and Financial Statements for 2013 will be published within the next two months as soon as the C&AG has completed its audit.  As the Deputy may...

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

Michael Noonan: As I outlined in Question 68 of 27th February 2014, my Department's review of NAMA is on-going, it cannot be completed until the final C&AG report has been received.  I am advised that the C&AG review is being conducted and the report should be finalised and presented to me shortly. I expect my Department's review of NAMA to be completed in the...

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

Michael Noonan: The Special Liquidators are continuing with the orderly and efficient wind down of IBRC in accordance with the provisions of the IBRC Act, 2013 (the "Act") and instructions that have been provided to the Special Liquidators by me under the Act. The sales process of the five largest loan portfolios of IBRC (in Special Liquidation), namely the Evergreen, Rock, Salt, Stone and Sand portfolios...

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

Michael Noonan: I am advised by NAMA that it has obtained additional security over assets with an aggregate value in excess of €800m. NAMA advises that this breaks down circa two-thirds/one-third between property and non-property assets, mainly share portfolios and cash. Further detail on this process is set out in NAMA's Annual Report and Financial Statements for 2012, which is available on the...

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

Michael Noonan: At end-March 2014 the Exchequer had €21.5 billion available in cash and other short-term balances. In January 2014, the National Treasury Management Agency (NTMA) issued €3.75 billion of a new 10-year bond, at a yield of 3.54 per cent. Following that syndicated issue, the NTMA issued a Funding Statement to the market in February, setting an indicative target for total Irish...

Written Answers — Department of Finance: Departmental Correspondence (17 Apr 2014)

Michael Noonan: I have no plans to publish records of the type mentioned in the Deputy's question. It is normal practice for States to protect the confidentiality of deliberations with international bodies particularly where sensitive issues are involved. Reflecting this principle, the Freedom of Information Act provides for exemptions from release of records relating to, for example, negotiations with...

Written Answers — Department of Finance: Banking Sector Investigations (17 Apr 2014)

Michael Noonan: As the Deputy is aware a number of reports were produced by Ernst and Young and McCann FitzGerald at the request of the INBS Board. Copies of all of these reports have been provided to the Central Bank of Ireland ( CBI ) under the terms of a protocol for limited disclosure agreed between the parties to preserve legal privilege over the material. IBRC was prohibited from disclosing these...

Written Answers — Department of Finance: Banking Sector Remuneration (17 Apr 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 12 March 2013. The following breakdown of total salary and remuneration appears on page 43 of that review. - AIB AIB BOI BOI Number of staff Salary Remuneration Salary Remuneration €300,000 - €399,999...

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (17 Apr 2014)

Michael Noonan: The Central Bank's Strategic Plan 2013 - 2015 sets out a strategy of assertive risk-based supervision underpinned by a credible threat of enforcement. Enforcement is an important tool to effect deterrence, achieve compliance and promote positive behaviour. The Central Bank will take enforcement action against regulated entities under its Probability Risk Impact Supervisory System (PRISM)...

Written Answers — Department of Finance: Banking Sector Investigations (17 Apr 2014)

Michael Noonan: As the Deputy will be aware banks are required to record phone calls for a variety of reasons. I have not sought access to these recordings as under statute the Garda Síochána are the body responsible for criminal investigations in the State. I understand that the Garda Bureau of Fraud Investigation have requested access to various documents/materials in the banks, including audio...

Written Answers — Department of Finance: Bank Stress Tests (17 Apr 2014)

Michael Noonan: As the Deputy is aware, the stress test is one of the three components of the ECB Comprehensive Assessment which is currently underway, the other two components being the Supervisory Risk Assessment and Asset Quality Review. Preparatory work has already commenced on the stress test component and the details of the scenarios are due to be finalised at the end of this...

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

Michael Noonan: The domicile levy was introduced in the Finance Act 2010. The first year for which individuals were required to make returns was the year 2010, and these returns had to be filed by 31 October 2011 (by 15 November 2011 if filed electronically by way of the Revenue Online System (ROS)). The following table sets out details as supplied by the Revenue Commissioners on the number...

Written Answers — Department of Finance: Tax Reliefs Application (17 Apr 2014)

Michael Noonan: The Deputy may be aware that I commissioned a review of the tax reliefs available to the farming sector in conjunction with my colleague the Minister for Agriculture, Food and the Marine. The purpose of this review is to assess the benefits and costs of the various agricultural tax expenditures with a view to ensuring that the maximum benefit to the sector and the wider economy is...

Written Answers — Department of Finance: Promissory Notes (17 Apr 2014)

Michael Noonan: I am not aware of any expressions of unease made to the Department of Finance by the ECB following the promissory notes transaction. The Central Bank of Ireland is independent in the exercise of its functions and the management of its investment holdings is a matter for the bank itself and neither I nor the Department of Finance have any role in such a...

Written Answers — Department of Finance: Mortgage Protection Policies (17 Apr 2014)

Michael Noonan: As I said in the House on 8 April 204, in reply to an earlier Parliamentary Question, draft heads of the legislation have been sent to the Central Bank for its consideration in advance of more detailed engagement with the Attorney General's office. I also said that I did not consider it appropriate to discuss the details of these draft heads because we are at a very preliminary stage...

Written Answers — Department of Finance: Insurance Industry (17 Apr 2014)

Michael Noonan: Government policy in relation to flooding aims to address the underlying problem through appropriate remedial works where this is economically feasible. The Office of Public Works is committed to alleviating the impact of flooding through the provision of defences as well as a comprehensive assessment of flood risk throughout the country and development of flood risk management plans for the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank Bill 2014: Committee Stage (16 Apr 2014)

Michael Noonan: I thank the Chairman, his staff and colleagues for the quick passage of Committee Stage.