Results 5,021-5,040 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Collection: Tax Collection (13 Mar 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that the person's tax liability for 2008 was reviewed in 2009 and tax overpaid refunded at that time. No refund is due for 2009 as the correct tax was deducted under PAYE. PAYE Balancing Statement (P21) for 2009 will issue shortly. In relation to the years 2010 and 2011, the Revenue Commissioners are writing to the person concerned for the...

Written Answers — International Agreements: International Agreements (13 Mar 2012)

Michael Noonan: Under the EU/IMF Programme of Financial Support for Ireland, the external partners will provide loan funding of up to €67.5 billion subject to compliance with the conditionality set out in the Programme. The key objective is to restore confidence and return the economy to a path of sustained growth and to support job creation, with a view to Ireland regaining access to market funding at...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 155 and 156 together. As previously advised, NAMA, in agreeing business plans it approves the retention of overheads by debtors which include remuneration but at rates much reduced from that previously applied. NAMA deals with about 800 debtor connections, either directly or through the participating institutions acting on its behalf. Each debtor's...

Written Answers — Tax Code: Tax Code (13 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that in relation to mortgage arrears cases reported to them, each case is considered on its individual merits before a decision is made on the continued appropriateness of the granting of mortgage interest relief on the particular mortgage account. I am advised by Revenue in relation to cases reported to them by the lender that in broad terms: ·...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Mar 2012)

Michael Noonan: The appointment of this firm to the Corporate Legal Services Panel was announced publicly on the agency's website on 3 January 2012. I am advised by NAMA that this particular firm had in fact been long-standing legal advisors to Treasury Holdings. I am further informed that the firm ceased acting for Treasury Holdings in January 2012 when Treasury Holdings decided to take legal action...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Mar 2012)

Michael Noonan: I am advised by NAMA that there are three separate legal panels from which NAMA procures legal services. These are: Corporate Legal Services Panel (established 3 January 2012) Legal Diligence Services Panel (established 28 November 2009) Certain Legal Services Panel (established 29 October 2010) The names of all companies on these panels are listed on the National Asset Management Agency's...

Written Answers — Price Inflation: Price Inflation (13 Mar 2012)

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...

Written Answers — Tax Reliefs: Tax Reliefs (13 Mar 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the Medical Expenses claim was submitted in early February 2012. A PAYE Balancing Statement giving relief for medical expenses incurred for 2011 will issue shortly and a refund of tax will be paid directly to the person's bank account within the next 2 weeks.

Written Answers — Revenue Commissioners Investigations: Revenue Commissioners Investigations (13 Mar 2012)

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality they unable to comment on any enquires being made in individual cases.

Written Answers — Social Welfare Benefits: Social Welfare Benefits (13 Mar 2012)

Michael Noonan: As the Deputy will be aware, Ireland agreed a programme of financial support in late 2010 with the ECB, European Commission and the IMF (the Troika). This programme is worth €85 billion, with €17.5 billion coming from our own resources and €67.5 billion of loans being provided from EU funds, the IMF and bilateral lenders. Without this funding the State would not have been able to...

Written Answers — State Banking Sector: State Banking Sector (13 Mar 2012)

Michael Noonan: As the Deputy is aware, the bank has no means of establishing the underlying ownership of these securities which are freely tradeable once issued. These securities are publicly traded and dealt through market participants and settled by clearing house systems. An issuer does not have any access to the records of the clearing house. At maturity, the Bank will instruct its paying agent to...

Written Answers — Proposed Legislation: Proposed Legislation (13 Mar 2012)

Michael Noonan: Under the Investment Intermediaries Act 1995, all investment firms must have their accounts audited. It is also a requirement that their auditors submit a Statutory Duty Confirmation. At least six weeks before the firm's return is due, the Central Bank sends an email to the firm requesting the auditor's details and the firm must provide these details. While there are sound reasons for this...

Written Answers — International Agreements: International Agreements (13 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 166 and 167 together. As I have stated before, the European Stability Mechanism (ESM) Treaty, which was signed by all Euro Area Member States on 2 February, subject to ratification, provides that "the granting of financial assistance in the framework of new programmes under the ESM will be conditional, as of 1 March 2013, on ratification of the TSCG by the ESM...

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (14 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 32 to 35, inclusive, and 38, 41 and 42 together. I am informed by the Revenue Commissioners who are responsible for tackling the illicit trade in cigarettes and tobacco products that they attach a high priority to combating tobacco smuggling and have adopted a comprehensive strategy, underpinned by annual action plans, for this important work. This 3-year...

Written Answers — Proposed Legislation: Proposed Legislation (14 Mar 2012)

Michael Noonan: The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that business is based. The existing betting duty (1%) will be applied to such...

Written Answers — Tax Reliefs: Tax Reliefs (14 Mar 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the person in question is currently and has been receiving the maximum amount of mortgage interest relief payable in respect of his qualifying home loan. Accordingly, he does not have an entitlement to additional tax relief on a home improvement loan.

Written Answers — Pension Provisions: Pension Provisions (14 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 39 and 43 together. The Deputy will be aware that AIB, as part of its announcement of 8th March 2012 of a voluntary severance programme, stated "as required under the bank's partnership principles with IBOA, a consultation process will begin immediately with trade union representatives." It went on to state that "AIB will not be making any further public...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (14 Mar 2012)

Michael Noonan: Each credit institution wishing to impose a new non-interest charge or increase an existing charge is required to notify this charge to the Central Bank under section 149 of the Consumer Credit Act 1995 (as amended). Each notification is assessed in accordance with the criteria laid down in the legislation as follows: · promotion of fair competition; · the commercial justification submitted...

Written Answers — Departmental Properties: Departmental Properties (14 Mar 2012)

Michael Noonan: The Office of Public Works is involved in most purchases and leasing of buildings by the State including buildings leased by my Department. In relation to any property occupied by the Department of Finance, this Department would always consult with the OPW before any agreements are entered into with landlords. This question has been put down to all Departments, so the reply from the OPW will...

Written Answers — Tax Code: Tax Code (14 Mar 2012)

Michael Noonan: It was announced in Budget 2011 that the necessary arrangements are being made to ensure that bets placed on the internet by domestic punters are subject to the same level of betting duty as applies to high street betting shops. This will serve to broaden the tax base and increase betting duty receipts. The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into...