Results 2,121-2,140 of 27,019 for speaker:Michael Noonan

Written Answers — Fiscal Policy: Fiscal Policy (15 Jun 2011)

Michael Noonan: General Government debt is the standard measurement of gross indebtedness used for comparative purposes within the EU. General Government debt includes the National Debt as well as Local Government debt and some other minor liabilities of Government. Due to the fact that General Government debt operates on an accruals basis, the €31 billion in Promissory Notes committed to financial...

Written Answers — Tax Yield: Tax Yield (15 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 122, 123 and 125 together. I am informed by the Revenue Commissioners that information in relation to the corporation tax yield from financial institutions in the calendar years 2005 to 2009 inclusive is as shown in the following table: Year Tax paid by Financial Institutions€m 2005 1830 (estimated) 2006 2340 (estimated) 2007 2298 2008 1626 2009 1236...

Written Answers — Departmental Expenditure: Departmental Expenditure (15 Jun 2011)

Michael Noonan: My Department has not provided any IT services in respect of my constituency office or home; nor has the Department funded or part-funded the lease or rent of my constituency office. The Department is paying for telephone services in respect of my constituency office and home. The total cost, to date, is €208.64. Within my Department, 4 people, detailed below, are assigned to work on...

Written Answers — Departmental Staff: Departmental Staff (15 Jun 2011)

Michael Noonan: My Department encourages the use of public transport by staff travelling to and from work by enabling them to participate in both the Employer Travel Pass and Cycle to Work schemes. When travelling on Departmental business, staff from my Department are expected to use public transport to the maximum extent possible.

Written Answers — Departmental Bodies: Departmental Bodies (15 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 127 and 162 together. The employment of staff by the Central Bank of Ireland is a matter for the Governor and the Central Bank Commission. I do not have a role in setting or approving the numbers of staff appointed by the Bank or their terms and conditions of employment. The staff costs of the Central Bank of Ireland are not met by Exchequer funds voted by...

Written Answers — Banking Facilities: Banking Facilities (15 Jun 2011)

Michael Noonan: Decisions on the location of ATM facilities are a matter for individual banks and neither I nor the Central Bank of Ireland have any function in this matter. Any concerns relating to the location or reliability of a particular ATM should therefore be addressed to the bank in question.

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that an estimated 9,600 persons are working in the Republic of Ireland who have given their address as being in Northern Ireland and in respect of whom income tax returns for the tax year 2009 have been received by way of either P35 end-of-year returns filed by employers in respect of their employees or income tax form 11 returns which are required...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: I cannot say what the precise impact of the pension levy will be on Defined Benefit schemes or other schemes, as this depends on whether and to what extent pension fund trustees and Life Offices decide to pass on the levy to active, deferred and retired members of schemes, given the particular circumstances of the pension funds or pension plans that they are responsible for. In that regard, I...

Written Answers — Public Service Remuneration: Public Service Remuneration (15 Jun 2011)

Michael Noonan: As regards the terms provided previously to Chief Executive Officers of non-commercial semi-State bodies, this Department's letter of 26 May 1998 giving delegated sanction to line Departments to apply the terms of that letter, including added years under certain conditions, was withdrawn on 4 February 2010. A new Bill will be published shortly which will provide for a new pension accrual...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: The changes to stamp duty rates, reliefs and exemptions brought into effect by Budget 2011 apply to all instruments executed on or after 8 December 2010. There is also a transitional measure in place for circumstances where the effect of these changes is to increase the stamp duty payable on the transaction. Stamp duty can be paid under the old regime where a binding contract is in place...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 134, 135, 136 and 137 together. Arising from amendments introduced on Committee Stage to the Finance (No 2) Bill 2011 (as now passed by the Dáil), a number of changes have been made to the way in which it is proposed that the pension levy will operate. The main changes are considered necessary to facilitate a more efficient implementation and collection...

Written Answers — Departmental Recruitment: Departmental Recruitment (15 Jun 2011)

Michael Noonan: As the Deputy is aware, the proposal to appoint a Chief Information Officer was approved by the previous Government in 2010 but no appointment had been made before the election. The matter of a Chief Information Officer may be considered as part of a package of measures to drive the ambitious public service reform programme.

Written Answers — National Assets Management Agency: National Assets Management Agency (15 Jun 2011)

Michael Noonan: NAMA has a commercial remit and a statutory objective to generate a return for the taxpayer. However, within the context of its commercial remit and consistent with section 2 of the National Asset Management Agency Act 2009, NAMA is at all times open to considering proposals aimed at contributing to broader social and economic objectives. Thus NAMA is open to facilitating the work of public...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that a person who inherits land does not incur a stamp duty liability. However, a stamp duty liability would arise where a person receives a gift of land, in which case the stamp duty is chargeable on the deed of transfer of the lands. As stamp duty is a tax on instruments, it is not possible to stamp a deed of transfer without payment of the duty.

Written Answers — Pension Provisions: Pension Provisions (15 Jun 2011)

Michael Noonan: On the issue of the pension-related deduction in the public service, the bodies included in the Schedule to the Financial Emergency Measures in the Public Interest Act 2009 (being bodies to which the definition of "public service body" does not apply) have a commercial remit. Because of this, their pay and pensions are not funded by the Exchequer and it was not considered to be appropriate...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: The matter raised relates to a general concern about the basis for paying preliminary tax before the end of the tax year. I am informed by the Revenue Commissioners that there are a number of options available to self assessed taxpayers in relation to the payment of preliminary tax, in order to avoid the possibility of interest charges arising. In general, these are that the preliminary tax...

Written Answers — Grant Payments: Grant Payments (15 Jun 2011)

Michael Noonan: Budget 2011 reduced the Stamp Duty rate on residential property purchases while abolishing some reliefs and exemptions. This was done to help broaden the tax base and lower the rate of stamp duty for most purchasers. All purchasers of residential property under €1 million in value are now only liable for stamp duty at 1%. I have no plans at this time to reintroduce first time buyer...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: The changes to stamp duty rates, reliefs and exemptions, brought into effect by Budget 2011, apply to all instruments executed on or after 8 December 2010. There is also a transitional measure in place, for circumstances where the effect of these changes is to increase the Stamp Duty payable on the transaction. Stamp Duty can be paid under the old regime where a binding contract is in place...

Written Answers — Tax Code: Tax Code (15 Jun 2011)

Michael Noonan: As requested by the Deputy's constituent the details of the matter have been passed to the relevant officials. The previous Government reduced the level at which interest repayments can be claimed against tax for residential rental properties from 100% to 75% in Budget 2009. The Programme for Government does not contain any specific proposal on the level of tax relief investors can claim on...

Written Answers — Departmental Staff: Departmental Staff (15 Jun 2011)

Michael Noonan: Department of Finance officials were made available to members of the opposition at the request of the Minister for Finance last year. These briefings were held throughout the month of October prior to the publication of the National Recovery Plan. However, there were no detailed formal briefings on the economic and fiscal outlook to members of the Fine Gael, Labour and Sinn Féin parties...