Results 20,441-20,460 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Price Inflation (9 Jul 2015)

Michael Noonan: The annual increase in the price of the most popular price category (MPPC) of 20 cigarettes for the years 2004 to 2014, together with the percentage increase, is shown in the following table. Please note that all figures are shown in cents. The same information is not available for a pack of roll your own tobacco. Budget Changes and Trade Increases Expressed in Cents Year MPPC Budget...

Written Answers — Department of Finance: Eurozone Crisis (9 Jul 2015)

Michael Noonan: As I have outlined previously, there are no plans to organise a Debt Conference.  Issues related to public debt in the euro area Member States are dealt with in the context of the Eurogroup - the Finance Ministers of the democratically-elected Governments of the euro area Member States.  The Heads of State or Government of the euro area Member States can also have a role. ...

Written Answers — Department of Finance: Eurozone Crisis (9 Jul 2015)

Michael Noonan: It is important to recognise that in relation to the burden of Greek debt significant concessions have already been granted.  In November 2012, for example, the Eurogroup agreed to a lowering by 100 basis points of the interest rate charged to Greece on the loans provided in the context of the Greek Loan Facility. An extension of maturity of the loans by 15 years was also decided. ...

Written Answers — Department of Finance: State Banking Sector (9 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 112 and 113 together. AIB is well on the road to recovery and officials in my department are working with AIB on reconfiguring its capital structure and setting out a path for the bank to begin to return capital to the State. Given the scale of the State's investment, amounting to some €20.8 billion, and the different financial instruments this...

Written Answers — Department of Finance: Tax Forms (9 Jul 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that P21 Forms (PAYE Balancing Statements) were previously issued to the person concerned for 2011 and 2012.  Arrangements have been made by Revenue to send a copy of those Forms to the person concerned. Revenue has written to the person concerned setting out the information required in order to review his tax affairs for 2013 and 2014...

Written Answers — Department of Finance: Eurozone Crisis (9 Jul 2015)

Michael Noonan: I propose to take Questions Nos. 115 to 118, inclusive, together. The Government has noted the result of the referendum in Greece. The position of the Irish Government is that we will continue to engage in an effort to reach a successful outcome. Following the referendum, Finance Ministers of the euro area Member States (the Eurogroup) met in Brussels to take stock of developments, and...

Written Answers — Department of Finance: Tax Code (9 Jul 2015)

Michael Noonan: The UK company Standard Life plc, offered its shareholders the option of having return of value payments due to them treated as income or capital, with treatment as income being the default position in the absence of shareholders choosing an option within a specified time which has now elapsed. The Revenue Commissioners have informed me that, from an Irish tax perspective, the position is...

Written Answers — Department of Finance: NAMA Receivers (9 Jul 2015)

Michael Noonan: I have been advised by the National Asset Management Agency that in 2013 it made 101 appointments and selected 40 separate firms to execute these appointments; in 2014 it made 71 appointments and selected 33 separate firms to execute these appointments and to date in 2015 it has made 16 appointments and selected 9 separate firms for these appointments.

Written Answers — Department of Finance: NAMA Receivers (9 Jul 2015)

Michael Noonan: I have been provided by the National Asset Management Agency with data, set out in the following table, on the names of receivers appointed by the National Asset Management Agency, the number of receiverships they were engaged on and the fees agreed for each named receiver in each of the years in respect of these appointments for 2013 and 2014 and the six month period of 2015. - 2013 2014...

Written Answers — Department of Finance: NAMA Receivers (9 Jul 2015)

Michael Noonan: I have been advised by the National Asset Management Agency that fees agreed with appointed receivers have ranged from €625 to €1.299 m.

Written Answers — Department of Finance: NAMA Expenditure (9 Jul 2015)

Michael Noonan: I have been provided by the National Asset Management Agency in the following table details of the top ten highest  cumulative fees agreed with receiver firms in respect of receivership appointments made since the agency was established: Firm Agreed Fees € Number of Appointments Grant Thornton 10,119,962 35 KPMG 8,126,885 37 Duff & Phelps* 6,356,097 25 Mazars...

Written Answers — Department of Finance: Tax Code (14 Jul 2015)

Michael Noonan: I have introduced four Budgets and Finance Bills since 2011. In each Budget - 2012, 2013 and 2014 - revenue and expenditure measures were introduced in order to meet the fiscal targets in each year. In Budget 2015, I was in a position to introduce an expansionary budget for the first time. In each budget, a range of targeted tax measures were introduced. These were designed to fix...

Written Answers — Department of Finance: European Banking Sector (14 Jul 2015)

Michael Noonan: I am conscious of the very difficult situation facing the Greek financial sector, and  I can confirm that the euro area Heads of State and Government (HoSG) discussed the situation in Greece on 7th July. Moreover, the HoSG on 13th July agreed that, subject to the Greek authorities implementing legislation in a number of policy areas over the next week or so,...

Written Answers — Department of Finance: Eurozone Crisis (14 Jul 2015)

Michael Noonan: On 13th July, euro area Heads of State and Government (HoSG) agreed that, subject to the Greek authorities implementing legislation in a number of policy areas over the next week or so, negotiations on an ESM programme of financial assistance can begin.  This is a positive development and my hope is that the necessary legislation and measures can be adopted. Having said that, my...

Written Answers — Department of Finance: Tax Reliefs Application (14 Jul 2015)

Michael Noonan: As with all proposals to change reliefs relating to property, there are a number of considerations which must be taken into account to correctly target the measure and ensure its success. As the Deputy will know, all tax reliefs and incentives are subject to regular review as part of the annual Budget and Finance Bill process. Any decisions taken by the Government in this regard are...

Written Answers — Department of Finance: Tax Reliefs Application (14 Jul 2015)

Michael Noonan: Section 216A of the Taxes Consolidation Act 1997 provides for the rent-a-room scheme. This scheme was introduced in Finance Act 2001 as an incentive to encourage individuals to let rooms in their principal private residence in order to bring about an increase in the availability of rental accommodation, particularly for the student sector. The scheme provides an exemption from Income...

Written Answers — Department of Finance: European Stability Programmes (14 Jul 2015)

Michael Noonan: I have stated on a number of occasions in recent months that, while I am opposed to a nominal haircut on Greek public debt, I am in favour of reducing the burden of Greece s debts through, for instance, a lengthening of maturities, longer grace periods, etc.  My position on this has not changed.  In Ireland, we have successfully reduced the burden of our public debt...

Written Answers — Department of Finance: Financial Services Regulation (14 Jul 2015)

Michael Noonan: Part IIIC of the Central Bank Act 1942, as amended, provides the Central Bank of Ireland with the power to impose sanctions in respect of the commission of prescribed contraventions by regulated financial service providers and the participation in the prescribed contraventions by persons concerned in their management. Since 2011 a total of €22,063,565 in fines has been imposed by...

Written Answers — Department of Finance: Financial Services Regulation (14 Jul 2015)

Michael Noonan: The total number of appeals determined by IFSAT since its inception is twelve. The total number of appeals currently outstanding is three. It is not possible to allocate individual cases to specific calendar years but broadly speaking IFSAT has determined approximately two cases each year since it was established.

Written Answers — Department of Finance: National Postcode System Implementation (14 Jul 2015)

Michael Noonan: The Office of the Paymaster General, which is part of my Department, makes payments of occupational pensions on an agency basis to retirees from the Civil Service and retirees from certain other public service bodies including pensions chargeable to the Central Fund. It is planned to transfer this activity later this year to the new Payroll Shared Service Centre, which is under...