Results 18,861-18,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (11 Dec 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the agricultural sector uses two types of diesel namely Marked Gas Oil (MGO) and Auto-Diesel. Both MGO and Auto-Diesel are also used in residential and other commercial sectors and excise returns are not captured by sector. Similarly, the information to be furnished on VAT returns does not require the yield from particular sectors of trade...

Written Answers — Department of Finance: Household Credit Provisions (11 Dec 2012)

Michael Noonan: The Deputy refers to changes in the outstanding amounts of credit advanced to Irish households by credit institutions resident in the State, as published in the Central Bank’s Money and Banking Statistics. I have been informed by the Central Bank that the developments in this series in 2009 and 2011 noted by the Deputy do not reflect issues related to Bank of Scotland (Ireland),...

Written Answers — Department of Finance: Illegal Moneylenders (11 Dec 2012)

Michael Noonan: Moneylenders are licensed by the Central Bank of Ireland in accordance with the provisions of Part VIII of the Consumer Credit Act 1995 (as amended). Moneylenders have to apply to the Central Bank each year for renewal of the licence. In addition to the provisions of the Consumer Credit Act 1995, a licensed moneylender must comply with the provisions of the Consumer Protection Code for...

Written Answers — Department of Finance: Public Sector Receipts (11 Dec 2012)

Michael Noonan: The table below contains estimates of expected Irish public sector receipts from the European Union for 2012 and 2013 and is presented in the format of the Budget and Economic Statistics published by the Department of Finance. The 2012 figures are based on estimates of expected receipts provided earlier this year by Government Departments. Accordingly, these figures are likely to be revised...

Written Answers — Department of Finance: National Asset Management Agency (11 Dec 2012)

Michael Noonan: I do not intend to go beyond the extensive information that NAMA, based on legal advice, has already made publicly available on this matter. On 27th November, NAMA published, in line with the commitment by the NAMA Chairman at the recent meeting of the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, the detail of a report by its internal auditors, Deloitte, on the...

Written Answers — Department of Finance: Legal Cases (11 Dec 2012)

Michael Noonan: I have been informed that it should be noted that the newspaper article in question published details of privileged information and the Bank has not waived the privilege attaching to that information. These matters are the subject of on-going litigation and it is not appropriate for the Minister to make any comment.

Written Answers — Department of Finance: Legal Cases (11 Dec 2012)

Michael Noonan: IBRC have advised me that it issued proceedings on 27 November 2012 against the company referred to in the question. These proceedings relate to the role of that company as auditors to Anglo Irish Bank Plc. pre-nationalisation. As this matter is now the subject of litigation, it would be inappropriate for me to comment further at this time.

Written Answers — Department of Finance: Housing Statistics (11 Dec 2012)

Michael Noonan: No database exists as yet containing the valuations of the housing stock in the State. The estimated percentages of residential properties per valuation band based on (a) the property price register and (b) data used in the Report of the Inter-Departmental Group on the Design of a Local Property Tax, chaired by Dr Don Thornhill (the “Thornhill report”) are as follows: Bands...

Written Answers — Department of Finance: Public Services (11 Dec 2012)

Michael Noonan: As the Deputy will be aware my Department is policy focused and does not have a large number of transactional staff and as such my Department does not immediately lend itself to external service delivery. My Department has not introduced any new service since March 2011. Notwithstanding the nature of activity in my Department they are working closely with their colleagues in the Department...

Written Answers — Department of Finance: Tax Code (11 Dec 2012)

Michael Noonan: The Tax Amnesty Scheme, provided for in the Waiver of Certain Tax, Interest and Penalties Act 1993, operated on a self assessment basis and comprised two distinct parts, an incentive amnesty and a general amnesty. The incentive amnesty related to outstanding tax, levy and health contribution liabilities in respect of income and/or capital gains of individuals for the period up to and...

Written Answers — Department of Finance: Budget 2013 (11 Dec 2012)

Michael Noonan: I propose to take Questions Nos. 145 to 147, inclusive, together. As I have stated recently in response to a number of related parliamentary questions, when focusing on the primary objectives of reducing the deficit and returning sustainability to the public finances, it has been of vital importance to the Government to spread the burden of the adjustments made in as fair and equitable a...

Written Answers — Department of Finance: Departmental Staff (11 Dec 2012)

Michael Noonan: To date, no individual has been appointed to the Role of Chief Economist in my Department.

Written Answers — Department of Finance: Consultancy Contracts (11 Dec 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the total number and names of companies working on IT related work in the years 2008, 2009, 2010 and 2011 along with details of the amounts paid to the companies, and the payment basis used, are set out in the following tables. Where the work was undertaken on a “per person per day” basis, details of the number of persons engaged...

Written Answers — Department of Finance: Mortgage Interest Relief (11 Dec 2012)

Michael Noonan: The position is, as I have stated in my Budget 2012 speech on 6 December 2011, and on many occasions in this House since, that mortgage interest relief for principal private residences will no longer be available to house purchasers who purchase after the end of 2012 and will be fully abolished from 2018. This means that a loan will have to be drawn down on or before 31 December 2012 in...

Written Answers — Department of Finance: Tax Code (11 Dec 2012)

Michael Noonan: The Deputy’s question, essentially, is whether everyone might be required to submit a tax return. The position is that in general, individuals whose income is taxed under the PAYE system are not required to submit a tax return annually because by and large it is not necessary. As the Deputy will be aware, the PAYE system successfully operates to deduct the correct amount of tax in a...

Written Answers — Department of Finance: Tax Code (6 Dec 2012)

Michael Noonan: I propose to take Questions Nos. 4 and 9 together. I am informed by the Revenue Commissioners that the yield from taxing Child Benefit is fully dependent on resolving a number of significant and complex policy and legal issues before the question of implementing a charge to taxation on this payment can be considered. These policy issues include clearly determining who is the owner of the...

Written Answers — Department of Finance: Tax Code (6 Dec 2012)

Michael Noonan: Following yesterday’s Budget changes, the rate of tobacco products tax applicable to cigarettes is €237.69 per thousand together with an amount equal to 8.83 per cent of the price at which the cigarettes are sold by retail, or €271.91 per thousand cigarettes, whichever is the greater. The tobacco products tax on roll-your-own tobacco is €248.608 per kilogram....

Written Answers — Department of Finance: Banks Recapitalisation (6 Dec 2012)

Michael Noonan: The bank has no means of establishing the underlying ownership of these securities which are freely tradable once issued. These securities are publicly traded and dealt through market participants and settled by clearing house systems. An issuer does not have any access to the records of the clearing house. At maturity, the bank will instruct its paying agent to transfer the funds due to the...

Written Answers — Department of Finance: Credit Unions Regulation (6 Dec 2012)

Michael Noonan: The Central Bank of Ireland has responsibility for the approval of an application to operate a single payments platform. If an entity wishes to establish a single payments platform for credit unions, this activity may require authorisation under the European Communities (Payment Services) Regulations 2009 (PSRs) as it may constitute a “payment service” within the meaning of the...

Written Answers — Department of Finance: Public Procurement Contracts (6 Dec 2012)

Michael Noonan: In response to the Deputy’s question my Department does not keep a central record of the nationality of companies that are awarded contracts to provide goods or services to my Department. My Department awards contracts to companies based on the procurement guidelines outlined on the Government e-tender website managed by the Office of Public Works National Procurement Service. The...