Results 4,381-4,400 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Collection: Tax Collection (26 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that an amended Tax Credit Certificate correcting certain matters raised by the Deputy in relation to the person concerned issued on 4th January 2012. Further adjustments may be necessary when the second matter referred to by the deputy is clarified. The person concerned needs to complete a Return of Income (Form 12) for 2011 so that Revenue can...

Written Answers — Mortgage Arrears: Mortgage Arrears (26 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 66, 75 and 81 together. Last October the Government published the Report of the Inter-Departmental Working Group on Mortgage Arrears and, as the Deputies are aware, the Report was subsequently the subject of an extensive Dáil debate. The implementation of the report's recommendations is a key part of the Government's ongoing efforts to tackle mortgage...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (26 Jan 2012)

Michael Noonan: The Central Bank have advised me that the current version of their Consumer Protection Code (2012) was finalised following extensive consultation. The Consumer Protection Code was originally introduced in 2006. The purpose of the Code is to strengthen protection for consumers by introducing clear conduct of business rules for all regulated entities in order to increase the standards of...

Written Answers — Tax Reliefs: Tax Reliefs (26 Jan 2012)

Michael Noonan: I am informed by the Revenue Commissioners that, up to the tax year 2011, income tax relief is available for individuals who pay service charges to local authorities and other independent contractors. Qualifying charges include all service charges paid to: Ø local authorities for the provision of domestic water supply, domestic refuse collection or disposal, or domestic sewage disposal; Ø...

Written Answers — National Asset Management Agency: National Asset Management Agency (26 Jan 2012)

Michael Noonan: I am informed by NAMA that the procurement competition for appointment to a panel for the Provision of Credit Verification Services (Investigations) to the National Asset Management Agency (NAMA) was advertised on www.etenders.gov.ie on 28th September 2011 and subsequently in the Official Journal of the European Union (OJEU). The methodologies and award criteria used to select the advisers...

Written Answers — Tax Yield: Tax Yield (26 Jan 2012)

Michael Noonan: Savings Certificates and Savings Bonds are tax free to Irish residents. Interest is applied on these products at maturity, which is after five and a half years for Savings Certificates and after three years for Savings Bonds, or on encashment, which could be at any stage during the life of the product. Bringing the products within the Deposit Interest Retention Tax (DIRT) regime would lead...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (26 Jan 2012)

Michael Noonan: The Central Bank has informed me that any participation by Irish institutions in ECB operations is reflected in the Bank's monthly statistics publications which can be found at http://www.centralbank.ie/polstats/stats/cmab/Pages/Money%20 and%20Banking.aspx. Table A.4.2 Credit Institutions (Covered Group) - Aggregate Balance Sheet, incorporates Covered Banks' aggregate Borrowing from the...

Written Answers — Credit Availability: Credit Availability (26 Jan 2012)

Michael Noonan: The decision on whether or not to grant a loan to a borrower or to allow a borrower to switch to another mortgage account must remain a commercial decision for the lending institution concerned. It is important that each lending institution is allowed to assess properly and independently the risks that it is considering when deciding whether or not to approve a loan or to make adjustments to...

Written Answers — Universal Social Charge: Universal Social Charge (26 Jan 2012)

Michael Noonan: The Review of the Universal Social Charge was published on my Department's website on 23 January 2011. It can be obtained at www.finance.gov.ie.

Written Answers — Government Deficit: Government Deficit (26 Jan 2012)

Michael Noonan: The term 'structural deficit' refers to the general government deficit adjusted for the economic cycle and one-off measures. It is the deficit that would prevail if transitory elements in the headline deficit owing to economic fluctuations and temporary / one-off factors (e.g. State injections into the banking system) were removed. The structural deficit provides greater clarity regarding...

Written Answers — EU-IMF Programme: EU-IMF Programme (26 Jan 2012)

Michael Noonan: The EU/IMF Programme covers Ireland's funding requirements from 2011 to 2013, provided of course that we continue to adhere to the terms and conditions of the Programme and meet targets. The most recent Exchequer deficit estimates for the years 2013-2015 were set out in Budget 2012 last December. Budget 2012 estimated that the Exchequer deficits in the years 2013-2015 would be €14.1...

Written Answers — Tracker Mortgages: Tracker Mortgages (26 Jan 2012)

Michael Noonan: As the Deputy can appreciate, officials in my Department and in the Central Bank of Ireland are in constant on-going dialogue with all of the covered institutions in respect of implementing structures and solutions which would seek to enhance the overall financial system. As and when further measures are agreed/solutions emerge, I will inform the House as appropriate.

Written Answers — EU-IMF Programme: EU-IMF Programme (26 Jan 2012)

Michael Noonan: As the deputy will be aware the covered banks are required to deleverage circa €70bn of assets by 31 December 2013. To date significant progress has been made in that regard. The two pillar banks met the 2011 deleveraging targets with almost €15 billion of these assets sold at significantly better pricing than anticipated in the PCAR/PLAR 2011 exercise. Total deleveraging achieved across...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (26 Jan 2012)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that the person concerned has a significant tax debt. The case is under discussion with an agent representing the person concerned with a view to agreeing an approach that is acceptable to Revenue. The proposals made to date have not been to Revenue's satisfaction and until such time as a satisfactory arrangement is in...

Written Answers — State Banking Sector: State Banking Sector (26 Jan 2012)

Michael Noonan: My Department maintains close and on-going contact with the Central bank/Financial Regulator on all financial, stability and regulatory matters. Likewise, there is also close contact with appropriate external authorities. The Central Bank of Ireland and the Financial Regulator provided advice to the Minister at the time of nationalisation of Anglo Irish Bank and the effective...

Written Answers — Tax Collection: Tax Collection (26 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the tax credit certificate issued to the person concerned dated 30 December 2011, the person's tax credits are reduced by €47.60 per week.

Written Answers — Jobs Initiative: Jobs Initiative (26 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 83 and 84 together. The implementation of a jobs and growth strategy is a key priority of this Government. The Jobs Initiative contains a range of measures aimed at assisting in employment generation – providing opportunities for those who are out of work, to restore public morale and confidence in the economy and encourage spending by consumers. The Jobs...

Written Answers — Jobs Initiative: Jobs Initiative (26 Jan 2012)

Michael Noonan: The labour market is still in a weak state, as confirmed by the latest CSO Quarterly National Household Survey data. The unemployment rate is unacceptably high and people are still losing jobs. At the same time, some jobs are being created though it is difficult to assess the number as official employment data are presented in net terms and information on gross flows into and out of...

Written Answers — Tax Code: Tax Code (31 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 105, 106, 108 and 146 together. The proposed betting (Amendment) Bill, which is being drafted at present, will amend the 1931 Betting Act to inter alia establish the regulatory framework for the licensing of remote bookmakers and betting exchanges, including measures to enforce the regulatory framework. The drafting of the Bill, which is fairly complex, is...

Written Answers — Customs and Excise: Customs and Excise (31 Jan 2012)

Michael Noonan: All consignments of mineral oil from Northern Ireland are subject to requirements of EU law for the Intra-EU movement of excisable products. These requirements include the paying or securing of the excise duty due in the State, and that the consignment is at all times under cover of the appropriate documentation. In keeping, however, with the principle of free movement of goods in the EU,...