Results 4,281-4,300 of 27,019 for speaker:Michael Noonan

Written Answers — Troika Staff: Troika Staff (18 Jan 2012)

Michael Noonan: The staffing of the quarterly reviews by the European Commission, the ECB and the IMF are entirely a matter for the bodies concerned.

Bond Redemption (19 Jan 2012)

Michael Noonan: I thank Deputy Mathews for raising this very important issue. The repayment of the bond in question is an obligation of the bank and will be repaid by the bank. It is important to be clear that it is the bank and not the Exchequer which will meet this obligation. The Government has committed to ensuring that there is no forced or coerced involvement by the private sector burden sharing on...

Bond Redemption (19 Jan 2012)

Michael Noonan: I do not disagree with Deputy Mathews' analysis. However, we are in a situation which we inherited from our predecessors, who entered into solemn and legally enforceable commitments in respect of Anglo Irish Bank, as it was then. Of course, Deputy Mathews is correct that we should do everything possible to reduce the debt burden on the taxpayers of Ireland and to enhance Ireland's capacity...

Written Answers — Motor Industry: Motor Industry (19 Jan 2012)

Michael Noonan: I have no proposal at this stage for an alternative number to be put on next year's registration plates. However, any proposals that are brought forward will be examined by my Department in advance of Budget 2013.

Written Answers — Tax Code: Tax Code (19 Jan 2012)

Michael Noonan: Sections 472A and 88A of the Taxes Consolidation Act 1997 provide tax incentives for both employers and employees, to help the long-term unemployed to return to employment. The relief under Section 472A, known as the Revenue Job Assist scheme, allows qualifying employees, in addition to their normal tax credits, to claim certain income deductions, including additional deductions for...

Written Answers — Financial Services Regulation: Financial Services Regulation (19 Jan 2012)

Michael Noonan: I have outlined my position on this matter when replying to previous parliamentary questions on the same subject most recently on 11 January 2012 (refs: 41045/12, 41077/12 and 41429/11).

Written Answers — Tax Collection: Tax Collection (19 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. I am informed by the Revenue Commissioners that for the tax year 2009, the latest year for which the necessary detailed data is available, the number of income earners earning in excess of €100,000 was 109,109 and paid €4.9 billion in income tax. It should be noted that a married couple who has elected or has been deemed to have...

Written Answers — Financial Services Regulation: Financial Services Regulation (19 Jan 2012)

Michael Noonan: The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions. Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. This is part of normal regulation...

Written Answers — Tax Code: Tax Code (19 Jan 2012)

Michael Noonan: Irish VAT law is subject to the provisions of the EU VAT Directive with which it must comply. Article 110 of that Directive provides that Member States may continue to apply reduced rates, including the zero rate and exemptions from VAT, where such reduced rates or exemptions were in place at 1 January 1991. As Ireland was not applying a zero- rate to admissions to pet farms at that date...

Written Answers — Departmental Communications: Departmental Communications (19 Jan 2012)

Michael Noonan: Communications between the Revenue Commissioners and members of the public are the responsibility of the Commissioners and they use a variety of methods and means to explain the many complexities of taxation. The Chairman of the Revenue Commissioners has already explained at the recent Joint Oireachtas Committee meeting that due to the short timeframe available to update the PAYE records of...

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (19 Jan 2012)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax, and for tackling the illicit trade in cigarettes and tobacco, that the strategy employed by Revenue to tackle this illicit trade is multi-faceted. It includes ongoing analysis of the nature and extent of the problem, developing and sharing intelligence on a national, EU and...

Written Answers — Tax Collection: Tax Collection (19 Jan 2012)

Michael Noonan: Monies incorrectly paid into a taxpayer's bank account by Revenue would normally be as a result of an incorrect return filed by a taxpayer or a processing error by Revenue - each of these cases would be dealt with on a case-by-case basis. Revenue does not maintain a central record of these instances - therefore the information as requested by the Deputy is unavailable.

Written Answers — Tax Collection: Tax Collection (19 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that interest arises both in respect of late payment of tax and underpayment of tax – this would include interest that is part of a phased payment plan. In the year 2011, a total of €158.5m was charged in interest having regard to all of these circumstances. Penalties amounting to €32.34m arose during the course of audits in the same period.o

Written Answers — Tax Collection: Tax Collection (19 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that online payment methods are provided through the Revenue On Line Service (ROS). This is an internet facility that provides taxpayers with a secure and efficient facility to pay tax liabilities and file tax returns. The ROS facilities are available 24 hours a day, 7 days a week, 365 days a year. The three payment methods currently...

Written Answers — Tax Code: Tax Code (19 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a revised Tax Credit and Universal Social Charge Certificate issued to the persons concerned on 13 January 2012. This revised Certificate, which included the tax exemption credit, adjusted the allocation of tax credits against the respective incomes of the persons concerned so as to maximize their benefit to the taxpayers. Revised...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (19 Jan 2012)

Michael Noonan: The lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. Ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for the management team and board of each lending institution, having due regard to their customers and the impact on...

Written Answers — Mortgage Assistance: Mortgage Assistance (19 Jan 2012)

Michael Noonan: I have no plans to introduce a general scheme to assist mortgage holders in negative equity. Trade down mortgages, in appropriate circumstances, were recommended in the report of the Inter-Departmental Mortgage Arrears Working Group. This Group reported in October 2011. In order to ensure that proposals in relation to such mortgages are consistent with the Central Bank's consumer...

Written Answers — Tax Collection: Tax Collection (19 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that there was a difference in the details received from the Department of Social Protection and their details on record in relation to the widowers' pension of the person concerned for 2012. Department of Social Protection Pension details were €11,611 and the Revenue Commissioners figures were €10,473. These details have now been updated...

Written Answers — Financial Services Regulation: Financial Services Regulation (19 Jan 2012)

Michael Noonan: The Central Bank Supervision and Enforcement Bill, which was published in July 2011, provides protections from civil liability and penalisation by employers for whistleblowers within the Financial Services Sector. The provisions are flexible enough to provide for protection outside the strict employer/employee context. The Bill also provides a mandatory disclosure regime for those performing...

Written Answers — EU-IMF Programme: EU-IMF Programme (19 Jan 2012)

Michael Noonan: On Monday January 16th 2012, Standard & Poor's (S&P) announced the downgrade of the EFSF long term rating to AA+. S&P's downgrade of EFSF's long term rating had been signalled in advance and was not a surprise. The financial markets have already priced in such a development for the EFSF. EFSF issuance has been pricing in line with French yields as opposed to German yields. The EFSF...