Results 16,961-16,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Carbon Tax Implementation (27 Mar 2013)

Michael Noonan: Solid fuel carbon tax will be charged on all solid fuels supplied in the State, regardless of whether the fuel products are Irish made or imported. Solid fuel is defined under section 77 of the Finance Act 2010, as amended and means coal or peat. Coal is further defined to include coal and lignite, solid fuel manufactured from coal and lignite, and any other energy product within the...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: As the Deputy may be aware, there is no single test that can be used to determine the status (employed or self-employed) of individuals. Simply because an individual is described as a “contractor” does not necessarily mean that such individual is a self-employed contractor. Depending on the facts and circumstances of a case, an individual may be a full-time employee, a...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: The increase in the rates of Deposit Interest Retention Tax (DIRT) arising from Budget changes announced in December 2011 and December 2012 took effect in respect of interest paid or credited on or after 1 January 2012 and 1 January 2013 respectively. Accordingly, the increase in the standard DIRT rate from 27% to 30% and in the higher DIRT rate from 30% to 33%, announced in December 2011,...

Written Answers — Department of Finance: Property Taxation Application (27 Mar 2013)

Michael Noonan: I do not propose to defer the introduction of the Local Property Tax (LPT). The introduction of a value based property tax is part of our obligation under the EU/IMF programme. Actions for the ninth Troika review, which was to be completed by the end of the 2012, included the introduction of a value based property tax for 2013. These measures are deemed necessary in order to reduce further...

Written Answers — Department of Finance: Redundancy Payments (27 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 104 and 112 together. The Special Liquidators have advised me that they are highly cognisant of the issues that the IBOA have been highlighting and that significant steps have already been taken to address those concerns, including the announcement on Tuesday 19 March by the Special Liquidators that contracts of staff would be extended out to 7 August with...

Written Answers — Department of Finance: NAMA Staff Employment History (27 Mar 2013)

Michael Noonan: The employment history of each NAMA Board member is provided on NAMA’s website, www.nama.ie, and in the Annual Report 2011 (pp.4-5). No member of the Board was employed by Ulster Bank, Bank of Ireland, Anglo-Irish Bank, Permanent TSB or Irish Nationwide within the past 10 years. One member of the NAMA senior management team was employed within the past ten years by Ulster Bank in...

Written Answers — Department of Finance: NAMA Portfolio Issues (27 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 106 to 108, inclusive, together. In a recent response to a Parliamentary Question 13079/13 on 12th March, 2013, I advised that, to provide assurance on the financial information received from debtors and to enhance control over cash flows, particularly rental income, NAMA requires the appointment by certain significant debtors of independent monitors. The...

Written Answers — Department of Finance: Property Taxation Collection (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date which will be 1 May 2013 for the year 2013. Section 7 of the 2012 Act provides that local authorities will be liable to pay the LPT on their properties in the...

Written Answers — Department of Finance: Property Taxation Application (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date. For the year 2013, the liability date is 1 May 2013, and for the year 2014 the liability date is 1 November 2013. This means that the owner of a residential...

Written Answers — Department of Finance: IBRC Account Holders (27 Mar 2013)

Michael Noonan: I have been informed that there are a number of customer accounts that may not be entitled to full compensation under the deposit guarantee scheme, DGS, or the eligible liabilities guarantee scheme, ELG, due to the nature of the products or deposit options in which those account holders invested. The proceeds from the disposal of IBRC’s assets will be used to repay creditors in...

Written Answers — Department of Finance: Property Taxation Collection (27 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a wide range of payment options have been made available to liable persons, which will allow them to pay their Local Property Tax (LPT) liability in full or by way of phased payments. One payment option allows persons to pay the LPT by cash through one of the three approved payment service providers, which are An Post TaxPay, Payzone and...

Written Answers — Department of Finance: Proposed Legislation (27 Mar 2013)

Michael Noonan: The establishment of the Strategic Investment Fund (SIF) was announced by the Government in September 2011. Resources from the National Pensions Reserve Fund (NPRF) will be channelled through the SIF towards productive investment on commercial terms in the Irish economy. The SIF will seek matching commercial investment from the private sector in order to maximise the resources of the NPRF....

Written Answers — Department of Finance: Property Taxation Exemptions (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) includes provisions that provide exemption or relief from Local Property Tax (LPT) for certain properties which have been adapted by disabled persons, depending on the circumstances involved. Section 10B of the 2012 Act (as inserted by the Finance (Local Property Tax) (Amendment) Act 2013) provides an exemption from LPT for a residential...

Written Answers — Department of Finance: Ministerial Transport (27 Mar 2013)

Michael Noonan: In relation to the use of my car for Ministerial travel, the total cost has been €123,955 for the period January 2012-December 2012. This cost included mileage (which is to cover car related expenses) of €19,507, the salaries paid to two civilian drivers inclusive of Employer PRSI contributions which amounted to €77,774 and travel and subsistence paid to the drivers of...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: I have no plans to introduce a duty tax on lottery sales.

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Banking Sector Remuneration (26 Mar 2013)

Michael Noonan: I had noted the actions taken in Spain for the demand of the return of certain incentive payments already made from a cadre of executives of the Spanish bank, Bankia, as part of its recapitalisation late last year. The situation while analogous in some respects to our banking recapitalisations would not appear to be similar in all respects to the domestic circumstances underpinning our...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Banking Sector Remuneration (26 Mar 2013)

Michael Noonan: The Review of Remuneration and Practices and Frameworks at the covered institutions revealed that salaries for continuing employees has increased within a range of 4% to 6% due to pay increases awarded in 2009 and individual promotions across the remaining three covered institutions. No pay increases have been provided to the generality of the employees since that time and the Review states...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Financial Services Ombudsman (26 Mar 2013)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions and it would not be appropriate for me to comment on how he performs those duties. The Irish Bank Resolution Corporation Act 2013 was passed on 7 February 2013. Pursuant to the provisions of the Act, I made a Special Liquidation Order for the purpose of winding up...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: IBRC Liquidation (26 Mar 2013)

Michael Noonan: As the Deputy is aware, following the appointment of the Special Liquidator IBRC employee contracts were terminated in the Republic of Ireland. As a result of the termination of the employment contracts, employees are entitled to apply for a statutory redundancy payment and a statutory notice payment, subject to the limits prescribed by statute. Claim forms for statutory entitlements have now...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Property Taxation Application (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 203 and 205 together. Local Property Tax (LPT) is a self-assessed tax so in the first instance it is a matter for the liable person to determine the valuation band that their residential property falls into and then to calculate and pay over the amount of tax due. I am advised by the Revenue Commissioners that, in common with the procedures for other...