Results 13,101-13,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Data (16 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that owners of more than 25,000 residential properties have opted to pay their Local Property Tax (LPT) for 2014 by way of deduction at source from the various Department of Social Protection payments within the LPT scheme and almost €216,000 has been collected to date in 2014, which is about €108,000 per week.  The Commissioners...

Written Answers — Department of Finance: Departmental Bodies (16 Jan 2014)

Michael Noonan: In response to the Deputy’s question the attached table gives details of the bodies which come under the aegis of my Department. None of these bodies have been abolished since 2011. The Financial Services Ombudsman is under review for a merger with the Pension Ombudsman. Bodies under the Aegis of my Department Name of Body National Treasury Management Agency * State Claims...

Written Answers — Department of Finance: Tax Credits (16 Jan 2014)

Michael Noonan: The Government acknowledges the continuing cost pressures on parents, particularly those with young children. In recognition of these cost pressures, a number of support measures are in place to ease the burden on working parents. These include the Community Childcare Subvention (CCS) programme, which funds community childcare services to enable them to charge reduced childcare fees to...

Written Answers — Department of Finance: Exchequer Deficit (16 Jan 2014)

Michael Noonan: In the short term, fiscal policy in Ireland will continue to be driven by our obligations under the corrective arm of the Stability and Growth Pact, namely to bring the headline deficit below 3% of GDP by 2015.  Notwithstanding the legal requirement to comply with the recommendations issued as part of the excessive deficit procedure, it is imperative in its own right that we bring our...

Written Answers — Department of Finance: Economic Data (16 Jan 2014)

Michael Noonan: Budget 2014 published on 15October 2013, contained the latest macroeconomic and fiscal forecasts from my Department. These forecasts are set out in section C of the Budget booklet. I note that the Deputy has asked for information on national debt. As general government debt expressed as a percentage of gross domestic product is the standard metric internationally for accessing debt levels,...

Written Answers — Department of Finance: NAMA Expenditure (16 Jan 2014)

Michael Noonan: NAMA’s establishment costs are set out in the Comptroller and Auditor General’s special report into NAMA’s ‘Acquisition of Bank Assets’, which was published in October 2010 and is available on the NAMA website, www.nama.ie . As per this Report, the costs incurred by the NTMA in the establishment of NAMA totalled €2.3 million.

Written Answers — Department of Finance: Proposed Legislation (16 Jan 2014)

Michael Noonan: I currently have no plans to update the NAMA legislation. Under Sections 13 and 14 of the NAMA Act I have the power to issue guidelines and directions to NAMA. To date I have issued nine directions to NAMA which are available on the NAMA website at www.nama.ie.

Written Answers — Department of Finance: Vehicle Registration Issues (16 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that Section 136, Finance Act, 1992 provides that a person may be authorised by the Revenue Commissioners to deal in unregistered vehicles.  Since this provision came into force in 1993, the Revenue Commissioners have authorised a large number of companies and individuals who are involved in the manufacture, distribution, storage, modification,...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (16 Jan 2014)

Michael Noonan: In September 2013, the National Pensions Reserve Fund (NPRF) agreed to provide a €250 million two-year bridging facility to Irish Water to provide short-term funding for its start-up costs and metering installation costs. Irish Water has drawn down €160 million to date and the balance is expected to be drawn down on 16 January 2014. The NPRF have advised that the return on...

Written Answers — Department of Finance: Bank Charges (16 Jan 2014)

Michael Noonan: I have been informed by AIB that the bank is to increase iBusiness Banking (iBB) service charges with effect from 1st March 2014. This is the first time AIB has increased the iBB service charge since it was introduced in 2001. The increase is necessary in order to continue to develop and invest in electronic channels for customers. Business Start-up customers and Young Farmer Account...

Written Answers — Department of Finance: IBRC Liquidation (16 Jan 2014)

Michael Noonan: The Special Liquidators have informed me that on their appointment, Irish Bank Resolution Corporation Limited was already in dialogue with the Revenue Commissioners in relation to an open tax audit. The Special Liquidators are working with the Revenue Commissioners to close out the tax audit and some additional tax issues that have come to their attention. As these are matters which are still...

Written Answers — Department of Finance: Departmental Funding (16 Jan 2014)

Michael Noonan: No allocation from my Department's expenditure budget has been allocated to registered charities in each of the past three years.

Written Answers — Department of Finance: Economic Competitiveness (16 Jan 2014)

Michael Noonan: Substantial progress has been made in terms of improving Ireland’s competitiveness in recent years. Relatively low consumer price inflation over the last five years has meant that Irish price levels have fallen considerably relative to our euro area peers. For instance, annual HICP inflation in Ireland has been below that of the euro area average for every year since 2009. This trend...

Written Answers — Department of Finance: Credit Availability (16 Jan 2014)

Michael Noonan: Access to finance for SMEs was a key aspect of the Action Plan for Jobs 2013 and will continue to be the focus of Government policy in this area in 2014. It is the Government’s vision that all viable businesses operating in Ireland should have the opportunity to access sufficient finance to meet their enterprise needs in a manner that supports growth and employment in the economy. ...

Written Answers — Department of Finance: Financial Services Regulation (16 Jan 2014)

Michael Noonan: Where a Central Bank regulated lender transfers all or part of its regulated activities to another regulated financial institution, the same protections apply to borrowers, including the Code of Conduct on Mortgage Arrears (CCMA) and the Consumer Protection Code. Any agent acting on behalf of a regulated lender must comply with the requirements of Irish financial services law and failure to...

Written Answers — Department of Finance: Housing Data (16 Jan 2014)

Michael Noonan: As the Deputy may be aware, there has been much commentary of late on an increase in demand for private housing in certain urban areas. Industry reports suggest that a significant portion of property purchase does not rely on credit. However, I wish to assure the Deputy that this Government has implemented a series of measures which reflect the important role that the banking sector has to...

Written Answers — Department of Finance: Banking Sector Issues (16 Jan 2014)

Michael Noonan: Table A.12 from the Central Bank’s Money and Banking Statistics () shows outstanding deposits held in Irish resident credit institutions by non-residents. The Central Bank’s most recent information release dated 4 January covers the period to November 2013. It stated that non-resident deposits decreased by €1.3 billion during November 2013, following a €333...

Written Answers — Department of Finance: Economic Growth Rate (16 Jan 2014)

Michael Noonan: The ending of the programme of external financial assistance will help to further enhance confidence as it clearly demonstrates that we have moved to the next stage of our recovery. The restoration of confidence in the Irish economy will have tangible benefits in terms of supporting domestic demand. In this regard the successful completion of the programme in December 2013 has had a...

Written Answers — Department of Finance: Credit Availability (16 Jan 2014)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the issues raised by the Deputy. I have been advised by the Central Bank that it does not publish statistics regarding lending by banks in other jurisdictions to business in Ireland. The Central Bank of Ireland has overall responsibility for the authorisation, regulation and supervision of credit institutions operating in...

Written Answers — Department of Finance: Credit Availability (16 Jan 2014)

Michael Noonan: I am informed by the Central Bank of Ireland that the information sought by the Deputy is contained in Credit, Money and Banking Statistics: Publications and Releases in Table A.7.1 Loans to Non-Residents – Other Euro Area and Table A.7.2 Loans to Non-Residents – Non-Euro Area.