Results 12,261-12,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Application (25 Mar 2014)

Michael Noonan: Under the Finance (Local Property Tax) Act 2012 (as amended), the person who is the liable person on the liability date for a particular year is the person who is responsible for the payment of Local Property Tax (LPT) for that year. Thus, for example, the person who is the liable person on 1 November 2013 is responsible for the payment of LPT for the year 2014. In general, the owner of...

Written Answers — Department of Finance: Credit Availability (25 Mar 2014)

Michael Noonan: As the Deputy is aware, the Government has imposed SME lending targets on AIB and Bank of Ireland for the three calendar years, 2011 to 2013. Each bank was required to sanction lending of at least €3 billion in 2011, €3.5 billion last year and €4 billion in 2013 for new or increased credit facilities to SMEs. Both banks have achieved their 2011 and 2012 targets. I am...

Written Answers — Department of Finance: NAMA Operations (25 Mar 2014)

Michael Noonan: As per Section 226 of the NAMA Act I will lay the report before the Houses of the Oireachtas following its completion by the Comptroller and Auditor General. I am advised that this review is being conducted and the report should be finalised and presented to me shortly.

Written Answers — Department of Finance: State Debt (25 Mar 2014)

Michael Noonan: As the Deputy will be aware to date NAMA has redeemed a total of €10.5 billion of the Senior Bonds which were issued as consideration for the original loans acquired from the participating institutions in 2010 and 2011. This represents 35% of the senior debt issued in 2010 and 2011 by NAMA to acquire its original loan portfolio.  I am advised that the Chairman of NAMA recently...

Written Answers — Department of Finance: Revenue Commissioners Resources (25 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a scanner van, an additional detector dog and three modern replacement baggage x-ray scanners, which were all part-funded under the EU's Hercule II programme, were brought into service during 2013. The scanner van is a specialist vehicle that incorporates x-ray and radiation detection facilities. It is used for monitoring baggage and cargo at...

Written Answers — Department of Finance: Customs and Excise Controls (25 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they currently have two cutters in service, RCC Suirbheir (brought into service in 2004) and RCC Faire (brought into service in 2009).  They are managed and operated by the Revenue Maritime Unit which is based in Cork. The Maritime Unit has a national remit as specialists in coastal risk.  The Unit works very closely with locally...

Written Answers — Department of Finance: Revenue Commissioners Resources (25 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they currently have 14 detector dogs at their disposal, 8 of which are specifically trained in drugs detection. One detector dog team focused on drugs is based in Revenue's Border, Midlands and West Region, and teams from other areas of the country are available for deployment within the Region as required, on a risk assessment basis. The...

Written Answers — Department of Finance: Revenue Commissioners Investigations (25 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that as regards the import of aircraft for complete dismantling, in accordance with international best practice, such activity involving air traffic into the State is risk assessed by Revenue.  Inspections or interventions are undertaken where, in the light of the risk assessment, such action is considered warranted by Revenue.

Written Answers — Department of Finance: Universal Social Charge Exemptions (25 Mar 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that based on the information available, the person concerned is exempt from Universal Social Charge (USC). A PAYE Balancing Statement (P21) for 2013 and a refund of USC deducted will issue shortly to the person concerned. 

Written Answers — Department of Finance: Programme for Government Implementation (25 Mar 2014)

Michael Noonan: The full list of the Programme for Government commitments that come under the remit of the Department of Finance is set out in the Statement of Strategy 2011-2014 which is available on my Department's website. Each year the Department of the Taoiseach, in conjunction with all Government Departments, publishes a report setting out progress made on the implementation of the Programme for...

Written Answers — Department of Finance: State Banking Sector (25 Mar 2014)

Michael Noonan: Kieran Wallace and Eamon Richardson of KPMG were selected for the role of Special Liquidators having regard to their previous insolvency experience and the capacity of the firm to complete the work required. As the Deputy will appreciate, it was not possible to run a tender process for the liquidation of IBRC due to the sensitivity of the matter. However, steps were taken to ensure that the...

Written Answers — Department of Finance: Quinn Insurance Limited (25 Mar 2014)

Michael Noonan: In 2010 Joint Administrators were appointed by the High Court at the request of the Central Bank because of concerns about the solvency position of Quinn Insurance Limited (QIL).   All fees paid to Grant Thornton as Administrators of QIL are submitted to and approved by the President of the High Court.  These fees are disclosed in QIL financial statements and set out...

Written Answers — Department of Finance: Appointment of Receivers (25 Mar 2014)

Michael Noonan: As the Deputy is aware, in the event of a default arising on a secured loan, as one of the enforcement options available to the creditor, a receiver may be appointed by way of a Court Order or, outside of the Courts process, where the mortgage document permits.  The number of receivers appointed by the Courts is a matter for the Minister for Justice and Equality while the...

Written Answers — Department of Finance: Property Taxation Administration (25 Mar 2014)

Michael Noonan: The logistical arrangements for the administration of Local Property Tax are a matter for the Revenue Commissioners and I would not expect to be involved in any way in deciding how and where to organise the various sections of the Office of the Revenue Commissioners.  I am advised by Revenue that all matters relating to the administration of Local Property Tax (LPT) are handled by LPT...

Written Answers — Department of Finance: NAMA Receivers (25 Mar 2014)

Michael Noonan: NAMA advises that a total of 258 receiver appointments have been made to date in Ireland. Appointments have been made to both commercial entities and to specific properties across various sectors. NAMA advises that receiver appointments include those made prior to the acquisition of the loans by NAMA. Receiver appointments by the participating institutions include appointments made since...

Written Answers — Department of Finance: Property Taxation Collection (25 Mar 2014)

Michael Noonan: I am advised by Revenue that where tax payments are received without the required level of detail to correctly appropriate them to the taxpayer record, they are lodged to a specific holding account while investigations are completed. These investigations, which may include direct contact with the relevant financial institution, are carried out on a daily basis and taxpayer accounts are...

Written Answers — Department of Finance: Bank Branch Closures (25 Mar 2014)

Michael Noonan: I do not have the information requested by the Deputy.  I would point out that some of these premises may have been rented or leased. There are no plans to take branches into state ownership which were owned by the banks but which are now closing down. The Deputy may wish to request this information directly from the relevant banks.

Written Answers — Department of Finance: Insurance Levy (25 Mar 2014)

Michael Noonan: The Insurance Compensation Fund (ICF) levy of 2% being applied to home, motor and commercial insurance operates under the Insurance Act 1964 and came into effect from 1 January 2012, following the appointment of administrators to Quinn Insurance Ltd (QIL) by the High Court. Under Section 6 of the Insurance Act 1964 the responsibility for deciding whether the ICF has sufficient funds...

Written Answers — Department of Finance: Regulatory Bodies (25 Mar 2014)

Michael Noonan: The Irish Tax Institute is primarily a representative and educational body. It has established and maintains appropriate professional standards of conduct for its members and the exercise of professional discipline over those who do not comply with those standards. Details of the standards are contained in the Institute s Code of Conduct, which I understand can be accessed on its website. In...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (25 Mar 2014)

Michael Noonan: The Special Liquidators have confirmed that a voluntary agreement has been reached with the bidders for the IBRC mortgage book in relation to the application of the Code of Conduct on Mortgage Arrears. This is an important and timely development and will ensure that mortgage holders in arrears will be serviced in line with the CCMA and that customers will continue to be protected by the...