Results 18,581-18,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: State Banking Sector (16 Jan 2013)

Michael Noonan: I can inform the Deputy that the table below details the amount of public money invested and sums paid by Allied Irish Bank since 2008. Cash invested by the State - € billion Government Preference Shares - NPRF 3.5 Contingent Convertible Capital Notes 1.6 Capital - NPRF 12.5 Capital - Exchequer 2.3 Capital contributions (Promissory Notes /Special Investment Shares) -...

Written Answers — Department of Finance: State Banking Sector (16 Jan 2013)

Michael Noonan: I can inform the Deputy that in total Permanent TSB received €4 billion of public money since 2008. This is made up of €2.7 billion invested in July 2011 - €2.3 billion invested in ordinary shares and €0.4 billion invested in contingent convertible capital notes - and €1.3 billion for the purchase of Irish Life in June 2012. The fees paid by Permanent TSB...

Written Answers — Department of Finance: Strategic Investment Fund (16 Jan 2013)

Michael Noonan: I am advised by the National Treasury Management Agency (NTMA) as manager of the NPRF that it has not been possible to compile the information requested by the Deputy in the time available. However, I will be in contact with the Deputy when the information has been compiled.

Written Answers — Department of Finance: General Government Debt (16 Jan 2013)

Michael Noonan: Budget 2013 contained a forecast General Government Balance (Deficit) of -8.2% of GDP which was based on the most up to date information available at the end of November. In light of the better than expected Exchequer returns for December 2012, it is now reasonable to expect that the General Government Balance (GGB) for 2012 will be under -8% of GDP. However, the first official estimate of...

Written Answers — Department of Finance: Tax Reliefs (16 Jan 2013)

Michael Noonan: Following a public consultation on proposed changes to the scheme of tax relief for donations to approved bodies, I announced the following changes in the recent Budget: i. Donations from all individual donors under the scheme will be treated in the same manner, with the tax relief in all cases being repaid to the charity. ii. A blended rate of relief of 31% will apply to all taxpayers...

Written Answers — Department of Finance: Departmental Expenditure (16 Jan 2013)

Michael Noonan: The Central Bank produces euro coins to meet the demands of public and businesses. Traditionally, the Central Bank retained the proceeds from the issue of coin in its currency reserve. In the light of the introduction of euro coin from 1 January 2002, and to bring the position into line with general practice in other EU Member States, legislation was passed in March 2002 (Section 137 of the...

Written Answers — Department of Finance: EU Funding (16 Jan 2013)

Michael Noonan: Ireland’s contribution to the EU Budget for the years 2006 – 2013 is detailed in the table below. Payments to the European Union (€m) - 2006 2007 2008 2009 2010 2011 2012 2013 (e) Total 1,529 1,570 1,586 1,486 1,352 1,349 1,393 1,450 Article 311 of the Treaty of Lisbon sets out the legal arrangements for funding the EU Budget. The basic legislation is laid down...

Written Answers — Department of Finance: Capital Expenditure (16 Jan 2013)

Michael Noonan: The breakdown of the €30.5 million Miscellaneous Capital Receipts recorded in the December 2012 Exchequer statement is set out in the table below. Please note that these are provisional unaudited figures. Account GL Description Date Total Min. Finance Capital Receipts Receipt from IBRC 19 April 2012 €1.00 Finance Act 1978 Finance Acts 1978 & 1990 27 April 2012...

Written Answers — Department of Finance: Tax Yield (16 Jan 2013)

Michael Noonan: It is not possible to provide a breakdown of the customs receipts of €250,384,000 as listed in the December Exchequer statement. Customs are considered an Own Resource of the European Union. Approximately 25% of the customs receipts are retained by the relevant Member State as a "payment" for the collection cost with the balance paid to the EU to fund the EU budget.

Written Answers — Department of Finance: Tax Yield (16 Jan 2013)

Michael Noonan: The €4.7 billion yield as listed in the December Exchequer Statement is made up of the following commodities. Cumulative Receipts Commodity 2012 €m Beer 308.4 Spirits 261.3 Wine 225.2 Cider 42.6 Tobacco 945.0 Light Oils 906.3 Other Oils 1126.7 Carbon 354.0 VRT 379.1 Other Excise 80.0 Motor Tax 46.5 Total Excise 4675.0 The above figures are provisional.

Written Answers — Department of Finance: Tax Yield (16 Jan 2013)

Michael Noonan: The only available breakdown of Stamp Duty Receipts is on a Revenue Net Receipts basis, rather than on an Exchequer Receipts basis. These can differ slightly from Exchequer Receipts for reasons of accounting and timing. I ask the Deputy to note the figures are provisional and subject to revision. Description 2011 (€m) 2012 (€m) Property: 134.54 105.41 Residential...

Written Answers — Department of Finance: Disabled Drivers (16 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994) (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. The legislation specifies...

Written Answers — Department of Finance: Consultancy Contracts (16 Jan 2013)

Michael Noonan: The two parliamentary questions posed by the Deputy were as follows: PQ 45297/12 - To ask the Minister for Finance if he will provide details in tabular form for the years 2008, 2009, 2010, 2011 and to date in 2012 the total amount of expenditure on consultancy by his Department, any body under his aegis or State agency for which he has responsibility; the names of the consultancy companies...

Written Answers — Department of Finance: Fuel Laundering (16 Jan 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they are conscious of the threat that fuel laundering poses to legitimate business and the exchequer and that they have adopted a comprehensive strategy to tackle the problem. This strategy includes supply chain controls designed to deny fuel launderers access to marked fuel for laundering and to deny them access to the market for laundered fuel....

Written Answers — Department of Finance: Black Economy (16 Jan 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they are very mindful of the unfair competitive advantage to be gained by those businesses that do not fulfil their tax obligations. Revenue’s tax and duty compliance programmes are under constant review to ensure that they are focussed on the areas of greatest risk, including risks from the shadow economy. Revenue tackles the...

Written Answers — Department of Finance: New Economy and Recovery Authority (16 Jan 2013)

Michael Noonan: I informed the Deputy in response to a question from him on progress on the NewERA project on 15 November 2012 that the Government announced the establishment of the New Economy and Recovery Authority (NewERA) within the National Treasury Management Agency (NTMA) in September 2011. NewERA has a centralised shareholder advisory role from a financial and commercial perspective in respect of...

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: I was speaking about a specific homes for the elderly scheme.

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: Voluntary housing associations provide housing for a variety of people and it is clear that where they specifically provide houses for disabled people or those with intellectual disabilities, these will be exempt. It is also clear that if they provide houses in the same way as a local authority and draw from the same pool of tenants, it is totally analogous to housing provided by local...

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: The decision to apply the tax to all owners of property, including local authorities, is contrary to the Thornhill advice. We have done so in the interests of fairness between different householders. Those Members who are practising and practical politicians know the situation in private and public housing estates. In publicly provided estates, when families move to the second generation...

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: They will be exempt.