Results 2,801-2,820 of 27,019 for speaker:Michael Noonan
- Written Answers — Departmental Expenditure: Departmental Expenditure (14 Sep 2011)
Michael Noonan: The expenditure on credit cards by my Department over the past four years is as follows: Year Spend 2007 â¬8,310 (Sept to Dec) 2008 â¬44,697 2009 â¬35,566 2010 â¬31,694 2011 â¬15,075 (year to date) The expenditure on entertainment by credit cards by my Department over the past four years is as follows: Year Spend 2007 ...
- Written Answers — Ministerial Staff: Ministerial Staff (14 Sep 2011)
Michael Noonan: Since his appointment as Minister of State for Public Service Reform and the Office of Public Works at the Department of Public Expenditure and Reform and Department of Finance, Mr Brian Hayes, TD has appointed the following staff member to his office: GRADE SALARY SCALE (per annum) Staff Officer â¬33,070 - â¬43,906
- Written Answers — Ministerial Staff: Ministerial Staff (14 Sep 2011)
Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011 the relevant details are as follows: Name Title Salary (per annum) Duties Mary Kenny Special Adviser â¬83,337 Any duties which may be assigned to her from time to time as appropriate to the position of Special Adviser as set out in Section 11 of the Public Service Management Act 1997.
- Written Answers — Ministerial Staff: Ministerial Staff (14 Sep 2011)
Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011, the following staff have been appointed to my private office: GRADE SALARY SCALE (per annum) 1 Private Secretary â¬33,247 - â¬58,294 2 Executive Officers (EO) â¬29,024 - â¬47,379 1 Clerical Officer (CO) â¬23,177- â¬37,341 2 Clerical Officers (CO) â¬23,042 - â¬36,267 The following staff are assigned to work on...
- Written Answers — Tax Code: Tax Code (14 Sep 2011)
Michael Noonan: I am advised by the Revenue Commissioners that there have been no changes in the qualifying criteria for the Vehicle Registration Tax (VRT) exemption for disabled passengers. The scheme is governed by the Disabled Drivers and Disabled Passengers [Tax Concessions] Regulations 1994 (S.I. No. 353 of 1994). The Scheme is open to persons who meet the specified medical criteria and have obtained a...
- Written Answers — Pension Provisions: Pension Provisions (14 Sep 2011)
Michael Noonan: I would consider the Deputy's question to be principally a matter for the Minister for Social Protection but tax legislation and rules are also relevant to the issue. Generally speaking, once an occupational pension scheme member has at least two years qualifying service for pension purposes, that member is entitled under the Pensions Acts to preserved pension benefits on leaving employment...
- Written Answers — Tax Collection: Tax Collection (14 Sep 2011)
Michael Noonan: I assume that the measure to which the Deputy refers is the Domicile Levy which was announced in Budget 2010 and introduced in Finance Act 2010. The Domicile Levy of â¬200,000 is charged on an individual who is Irish-domiciled and an Irish citizen whose world-wide income exceeds â¬1m, whose Irish-located property is greater than â¬5m, and whose liability to Irish income tax was less than...
- Written Answers — Tax Collection: Tax Collection (14 Sep 2011)
Michael Noonan: The Revenue Commissioners are charged with responsibility for the timely collection and recovery of taxes and duties due to the Exchequer. Revenue has a clear focus on making sure that every person and business complies with his or her responsibilities by paying the right amount and on time. That is an appropriate and correct focus for Revenue, which I fully endorse. In that context, where...
- Written Answers — Tax Reliefs: Tax Reliefs (14 Sep 2011)
Michael Noonan: I propose to take Questions Nos. 97 and 136 together. The public consultation on "legacy" property-based tax reliefs, including Section 23-type reliefs, undertaken by my Department concluded at the end of July. Over 500 submissions were made during the consultation, which forms part of an impact assessment process to assess the potential effects of amending, curtailing and/or abolishing such...
- Written Answers — Price Inflation: Price Inflation (14 Sep 2011)
Michael Noonan: The Deputy will be aware that through 2009 and 2010, there were few inflationary pressures. Indeed, price levels fell, with the CPI declining by 4.5% in 2009 and 1% in 2010, and the HICP falling by 1.7% and 1.6% respectively. In the latter months of 2010 and to date in 2011, the main drivers of inflation have been insurance premium hikes and increases in the price of commodities. The CPI has...
- Written Answers — Departmental Expenditure: Departmental Expenditure (14 Sep 2011)
Michael Noonan: The information technology purchasing policy of my Department and agencies under its remit is to ensure that all procurements comply with procurement law, provide value for money, are fit for purpose, and comply with all applicable standards. All ICT expenditure is tendered in accordance with Circulars 2/09, 10/10 and 2/11 to ensure best VFM. Additionally my Department and all agencies...
- Written Answers — Financial Services Regulation: Financial Services Regulation (14 Sep 2011)
Michael Noonan: Following the collapse of Home Payments Ltd (HPL) last month, the Central Bank commenced an investigation into the matter. This investigation is on-going and I await the final report from the Bank. However, I can confirm that the Central Bank has informed me that, as HPL was not authorised or licensed by the Bank, clients are not eligible for a compensation scheme/deposit protection scheme...
- Written Answers — Expenditure Reviews: Expenditure Reviews (14 Sep 2011)
Michael Noonan: Departmental submissions to the Comprehensive Review of Expenditure (CRE) are a central part of the overall pre-budget deliberations of the Government. As such, release of these documents could not be considered in advance of Government decisions on the forthcoming Budget. The Minister for Public Expenditure & Reform has already indicated that it is his intention to publish the Reports...
- Written Answers — Tax Code: Tax Code (14 Sep 2011)
Michael Noonan: The Stamp Duty rate on residential property transfers was reduced in Budget 2011 while some reliefs and exemptions were abolished. This broadened the tax base while lowering the rate of Stamp Duty for most purchasers. All purchases of residential property valued under â¬1 million in value are now only liable for stamp duty at 1%, with any balance over â¬1 million liable at 2%. Even where...
- Written Answers — Financial Services Regulation: Financial Services Regulation (14 Sep 2011)
Michael Noonan: The decision on whether or not to grant individual mortgages must remain a commercial decision for individual lending institutions. It is important that each lending institution is allowed to assess properly and independently the individual risks that it is considering accepting. Mortgage lending must be undertaken on a sustainable and prudential basis by financial institutions and conform...
- Written Answers — Tax Code: Tax Code (14 Sep 2011)
Michael Noonan: I understand that the Deputy is referring to a type of Financial Transaction Tax (FTT). The EU Commission stated in a Communication in October 2010 that it supported the idea of an FTT to help fund international challenges such as development at climate change. However, the Commission has recently proposed the introduction of an FTT in Europe for the purpose of an "own resource" tax imposed...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (14 Sep 2011)
Michael Noonan: As Minister for Finance, I have no statutory role in the setting of interest rates charged or paid by financial institutions regulated by the Central Bank. The Central Bank has responsibility for the regulation and supervision of financial institutions in terms of consumer protection and prudential requirements and for ensuring ongoing compliance with applicable statutory obligations. Each...
- Written Answers — Tax Code: Tax Code (14 Sep 2011)
Michael Noonan: Section 473 of the Taxes Consolidation Act, 1997 provides tax relief at the standard rate to individuals who pay for private rented accommodation that is used as their sole or main residence. The level of rent qualifying for rent relief depends on an individual's marital status and age. In Budget 2011, it was announced that rent relief was being withdrawn on a phased basis. No new claimants...
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (14 Sep 2011)
Michael Noonan: The legal basis for the Deposit Guarantee Scheme in Ireland is set out in the European Communities (Deposit Guarantee Scheme) Regulations 1995 (S.I. No. 168 of 1995) as amended. These Regulations implement the European Union Directive on Deposit Guarantee Schemes (Directive 94/19/EC) as amended. Under the Regulations, a depositor with a deposit of up to â¬100,000 will be covered by the...
- Written Answers — Tax Code: Tax Code (14 Sep 2011)
Michael Noonan: Ireland, as with other countries, has experienced an increase in the cost of petrol and auto-diesel. The increase in fuel prices is an international phenomenon. Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The rise in oil prices over recent periods reflected additional factors such as...