Results 3,581-3,600 of 27,019 for speaker:Michael Noonan

Written Answers — Ministerial Appointments: Ministerial Appointments (8 Nov 2011)

Michael Noonan: I propose to take Questions Nos. 118 and 119 together. In response to the Deputy's questions I have not appointed any former Government office holders to any organisations since I was appointed Minister for Finance in March 2011. Mr. Eoin Ryan was nominated to serve Ireland at the Board of Directors of the European Bank for Reconstruction and Development (EBRD) in February 2010 for a period...

Written Answers — Tax Code: Tax Code (8 Nov 2011)

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. An individual who qualifies...

Written Answers — Budget Submissions: Budget Submissions (8 Nov 2011)

Michael Noonan: The contents of the Pre-Budget submission from the named organisation regarding cigarette smuggling will be considered in the context of the forthcoming Budget.

Written Answers — Tax Collection: Tax Collection (8 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the tax take on a motorist who spends €40 on petrol is €22.32 based on an average price of petrol of €1.499 per litre. The tax take on a motorist who spends €40 on auto-diesel is €19.89 based on an average price of auto-diesel of €1.439 per litre.

Written Answers — Tax Collection: Tax Collection (8 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the net receipt from Stamp Duty on financial cards and cheques from 2007 to 31 October 2011, broken down both by year and type of card, is as set out in the following table: Card Type 2007€m 2008€m 2009€m 2010€m 2011€m (To 31/10) CreditATMDebitCombined (ATM/Debit)ChequesTotal 72.418.0024.318.6133.3 107.310.6027.430.5175.8...

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (8 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners who have primary responsibility for detecting and preventing the smuggling of fiscal and prohibited goods, that they regard the tackling of the illicit trade in tobacco, mineral oil and alcohol products to be a high priority area. The strategy employed by Revenue to tackle illicit trading is multi-faceted. It includes ongoing analysis of the nature...

Written Answers — Banking Sector: Banking Sector (8 Nov 2011)

Michael Noonan: The restructuring of the domestic banking sector creates capacity for the pillar banks to lend in excess of €30 billion over the next three years in SME and other important sectors. This is in excess of Central Bank estimates of the likely demand for SME and mortgage credit over this period. Both pillar banks are concentrating on the Irish economy and need to issue credit to make profits...

Written Answers — Tax Code: Tax Code (8 Nov 2011)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that they have no unprocessed VAT refund claims for the person concerned.

Written Answers — Departmental Expenditure: Departmental Expenditure (8 Nov 2011)

Michael Noonan: NAMA advises me that in many instances working with the people who know the business will secure a better return for the taxpayer. The Chairman of NAMA said some time ago that while foreclosing on all 850 developers and getting someone else to run the businesses would be the popular option, it would not make commercial sense. It is also the case that employing an external asset manager to...

Written Answers — Budget Submissions: Budget Submissions (8 Nov 2011)

Michael Noonan: I have received a pre-Budget submission from the Society of St. Vincent de Paul. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Tax Reliefs: Tax Reliefs (8 Nov 2011)

Michael Noonan: I propose to take Questions Nos. 129 and 130 together. As the Deputy may be aware my Department is carrying out an impact assessment of the potential effects of amending, curtailing and/or abolishing property-based "legacy" tax reliefs including Section 23 type reliefs in line with the commitment in the Programme for Government. The impact assessment process is examining the benefits that...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (8 Nov 2011)

Michael Noonan: The Deputy will be aware that the previous Government announced the bank guarantee on 30 September 2008 as a matter of public law. The formal statutory legal basis for the guarantee was provided by the Credit Institution (Financial Support) Act 2008 (No. 18 of 2008) and the Credit Institutions (Financial Support) Scheme 2008 (S.I. No. 411 of 2008) ("CIFS"). The CIFS was formally approved by...

Written Answers — Tax Yield: Tax Yield (8 Nov 2011)

Michael Noonan: The Income Levy was collected by the Revenue Commissioners as a component of Income Tax. I am informed by the Revenue Commissioners that it is estimated that over €1.4 billion was collected from the Income Levy in the calendar year 2010. However, as is normal, it would have been expected that the total Income Levy liability for the income tax year 2010 would be higher at €1.7 billion...

Written Answers — Mortgage Arrears: Mortgage Arrears (8 Nov 2011)

Michael Noonan: The Minister for Justice and Equality and Defence has advised me that, in line with a commitment in the Programme for Government, the Personal Insolvency Bill is currently being developed in his Department. This Bill will provide a new framework for settlement and enforcement of debt and for personal insolvency. Under the EU/IMF Programme for Financial Support for Ireland there is a...

Sports Funding (9 Nov 2011)

Michael Noonan: Some of the issues raised by Deputy Ó Ríordáin are more appropriate to the Minister for Agriculture, Food and the Marine. I will reply to the matter in respect of a levy on online gambling and we can have a conversation about the other issues. I am pleased to take this opportunity to speak on the subject of extending the betting duty to remote betting firms, including betting exchanges...

Sports Funding (9 Nov 2011)

Michael Noonan: These are the figures in the Estimate put together by the previous Government in the last budget in December 2010 for 2011. The Minister for Public Expenditure and Reform, Deputy Brendan Howlin, is negotiating with line Departments on the appropriate amount for each head for next year. In that context, he has had discussions with the Minister for Agriculture, Food and the Marine. I am sure...

Uncovered Credit Institutions (9 Nov 2011)

Michael Noonan: I thank Deputy Catherine Murphy for raising this important issue. I am concerned that customers are not being treated in an even-handed and fair manner by financial institutions. To that end, the Central Bank has introduced three codes of conduct designed to protect customers, both personal and business, in their dealings with such institutions. These are the consumer protection code, the...

Uncovered Credit Institutions (9 Nov 2011)

Michael Noonan: The reason the Central Bank is revising the existing codes is that, having consulted interested parties, it realised they are inadequate. One is operative since 4 November and the other will be operative from January next. The Central Bank normally puts the relevant documentation on its website. I do not know whether these codes are posted but I assume they are and that the Deputy will be...

Written Answers — Proposed Legislation: Proposed Legislation (9 Nov 2011)

Michael Noonan: There have been a number of Parliamentary Questions on this matter dating back to March 2010 when the first question asked whether the rules concerning Approved Minimum Retirement Funds (AMRFs) would be amended to allow the AMRF owner access to the fund before the age of 75 years. The reply to that question indicated that it had been decided to allow such individuals, who meet the specified...

Written Answers — Tax Reliefs: Tax Reliefs (9 Nov 2011)

Michael Noonan: Section 473A of the Taxes Consolidation Act 1997 provides, subject to certain conditions, for tax relief at the standard rate of income tax (20%) as regards qualifying fees paid by an individual in respect of a third level education course including a postgraduate course. Qualifying fees means tuition fees in respect of an approved course at an approved college and includes what is referred...