Results 16,281-16,300 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Illicit Trade in Tobacco (8 May 2013)

Michael Noonan: I am aware of the report on “Illicit Trade in Ireland”, prepared for Retail Ireland by Grant Thornton, that was published last week, focusing in particular on the fuel, tobacco, digital piracy and pharmaceuticals sectors. I understand that the report looks at the costs associated with illicit trade in these sectors. Estimating the extent of any illicit activity is, of course...

Written Answers — Department of Finance: Property Taxation Administration (8 May 2013)

Michael Noonan: I am advised by Revenue that over 500,000 people have already successfully filed their LPT Returns to date, and either paid immediately or selected one of the other available payment options. The April tax receipts reported that some €22m has already been paid to the Exchequer in respect of LPT. The high volumes of filers and payments received suggest that most people are...

Topical Issue Debate: Carbon Tax Collection (7 May 2013)

Michael Noonan: The Deputy has raised three issues in his supplementary question, one of which was the level of enforcement by the Revenue Commissioners and how they will co-operate with other authorities. They have assured me that they are intent on rigorous enforcement using all the powers under the tax Acts and that they will liaise with other authorities. The second issue is the high sulphur content of...

Topical Issue Debate: Carbon Tax Collection (7 May 2013)

Michael Noonan: The Revenue Commissioners are responsible for the collection of the solid fuel carbon tax. This tax was introduced with effect from 1 May 2013 and will be collected on a self-assessed basis. In line with its approach generally, the Revenue Commissioners will apply the full range of compliance interventions and enforcement provisions for self-assessed taxes to the solid fuel carbon tax. ...

Written Answers — Department of Finance: Banking Sector Issues (7 May 2013)

Michael Noonan: The document referred to by the Deputy in his question was drawn up by the Central Bank of Ireland to provide it with a set of processes and procedures to assist it in the management of a financial crisis situation. The question of releasing the document is therefore a matter for the Central Bank of Ireland in the first instance. The document was shared with the Department of Finance on the...

Written Answers — Department of Finance: Property Tax Assessments (7 May 2013)

Michael Noonan: The Local Property Tax (LPT) is a self-assessed tax. Therefore it will be a matter for the relevant State/public body as property owner to calculate the tax due based on its assessment of the market value of its property and submit a completed LPT Return in respect of all properties in their ownership. The Property Management Service in the Office of Public Works has engaged with the...

Written Answers — Department of Finance: Property Taxation Administration (7 May 2013)

Michael Noonan: An important aspect of the work undertaken by Revenue in the implementation of Local Property Tax (LPT) was the compilation of the first ever Register of residential properties in the State and the matching of the residential property with its owner or owners, where this information was available. I am informed by the Revenue Commissioners that joint owners of a property are jointly and...

Written Answers — Department of Finance: Pension Provisions (7 May 2013)

Michael Noonan: I propose to take Questions Nos. 125 and 137 together. As the Deputy will be aware the pension arrangements for the staff of Permanent TSB are a matter for the management of that company and for the trustees of the relevant pension schemes. I am informed by Permanent TSB that it currently operates 3 defined pension schemes for employees who joined the bank before 2007 and a defined...

Written Answers — Department of Finance: Tax Code (7 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that before a definitive answer could be given to the Deputy’s question it would be necessary to have further relevant information relating to the case. It would for example be necessary to know the effect of leaving the retirement scheme in question relative to the terms of the scheme rules; how long the farmer was within the scheme; what use...

Written Answers — Department of Finance: NAMA Debtors (7 May 2013)

Michael Noonan: As previously advised, even where a bankruptcy is discharged, the bankruptcy trustee continues to deal with outstanding debt until such time as all assets have been realised and the debt, in so far as possible has been repaid. NAMA advises that it is precluded from commenting on individual cases. As has also been previously advised, NAMA has not written off debt arising from debtor...

Written Answers — Department of Finance: NAMA Board Appointments (7 May 2013)

Michael Noonan: I can confirm to the Deputy that consideration of the appointment of Oliver Ellingham to the NAMA Board was discussed at the most recent meeting of the Advisory Group which took place on the 15th March 2013. Mr Ellingham was appointed to the board of NAMA as he has significant international experience in finance as well as his experience as a member of the board of IBRC.

Written Answers — Department of Finance: NAMA Board Appointments (7 May 2013)

Michael Noonan: The Chief Executive of the National Treasury Management Agency informed me of this matter in the course of putting in place the administrative arrangements for the continuation of the gifting of 15% of salary or such lesser amount of salary as exceeds €200,000 by employees whose salary exceeds €200,000. I do not plan any further consultations on the matter.

Written Answers — Department of Finance: Banking Sector Issues (7 May 2013)

Michael Noonan: As I have previously advised the Deputy for commercial confidentiality reasons AIB has confirmed that it does not publicly disclose the details of contracts with individual external service providers. However, the bank can confirm that for the purpose of asset valuation, separate advisors were used by AIB and the Trustees of the AIB Pension Fund.

Written Answers — Department of Finance: NAMA Expenditure (7 May 2013)

Michael Noonan: My department had budgeted costs in the region of €40,000 to cover the hotel, travel and subsistence costs of the Advisory Group for 2012, the actual cost of the group in the period was approximately €23,000. As previously advised, the members of the group operate on a pro bono basis.

Written Answers — Department of Finance: Bank Debt Restructuring (7 May 2013)

Michael Noonan: I propose to take Questions Nos. 132, 150 and 152 together. I have been informed that due to data protection rules and customer confidentiality the banks are not in a position to discuss details of individual customer circumstances.

Written Answers — Department of Finance: Banks Recapitalisation (7 May 2013)

Michael Noonan: I propose to take Questions Nos. 133 and 134 together. It is important to note that comments made by the former executives in IBRC were based on the assumption that IBRC was to continue as originally planned and that payment of interest and capital on the Promissory Notes would also continue which is not now the case. There are numerous benefits from the arrangements that have been...

Written Answers — Department of Finance: IBRC Liquidation (7 May 2013)

Michael Noonan: I am advised that development bonds previously entered into by IBRC in favour of the various County Councils or local authorities remain in place. However it should be noted that it is likely that any liabilities arising under these arrangements, if called upon, will rank as unsecured claims in the special liquidation. It must be stressed that these bonds are contingent liabilities and will...

Written Answers — Department of Finance: Property Taxation Exemptions (7 May 2013)

Michael Noonan: Local Property Tax (LPT) is a self-assessed tax and it is a matter for a property owner to calculate the amount of LPT due based on his or her assessment of the market value of the property. I am advised by the Revenue Commissioners that the amount of LPT due is determined by reference to the valuation band based on the market value of the property. As the siblings are joint owners of the...

Written Answers — Department of Finance: Departmental Properties (7 May 2013)

Michael Noonan: In response to the Deputy’s question my Department does not own or rent property in commercial developments. In respect of bodies under the aegis of my Department I am not aware that any of these bodies own or rent property in commercial developments.

Written Answers — Department of Finance: Personal Debt (7 May 2013)

Michael Noonan: The amendment to the Central Bank (Supervision and Enforcement) Bill 2011, which I proposed at Committee Stage, and was agreed on the 24th April 2013, will provide for a regulatory regime for debt management and debt advice companies. On the issue more generally people in debt or in danger of getting into debt can avail of the services of the Money Advice and Budgeting Service (MABS). This...