Results 5,161-5,180 of 27,019 for speaker:Michael Noonan

Written Answers — Disabled Drivers: Disabled Drivers (27 Mar 2012)

Michael Noonan: The disability criteria for eligibility for the tax concessions under the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme are set out in the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. To get the Primary Medical Certificate, an applicant must be severely and permanently disabled and satisfy one of the following conditions: a) be wholly or...

Written Answers — Official Engagements: Official Engagements (27 Mar 2012)

Michael Noonan: As Minister for Finance I meet with a wide range of individuals and firms from various sectors. These interactions provide a useful forum for exchanges of views. It allows me to set out for investors the steps we have taken to stabilize and promote growth in the economy and the measures we have taken to restructure the Irish banking system. It also provides me with important feedback on...

Written Answers — Pension Provisions: Pension Provisions (27 Mar 2012)

Michael Noonan: I am informed by the National Treasury Management Agency (NTMA) that NTMA employees are members of the NTMA defined benefit superannuation scheme or else have Personal Retirement Savings Accounts (PRSAs). The pension benefits of members of the NTMA superannuation scheme prior to 1 January 2010 are based on final salary. The pension benefits of members who joined the scheme on or after 1...

Written Answers — Pension Provisions: Pension Provisions (27 Mar 2012)

Michael Noonan: The position is that an individual liable to income tax on his or her social welfare pension is entitled to the PAYE tax credit against the tax due on that pension providing, of course, that the PAYE tax credit is not utilised against the tax due on another source of PAYE income that an individual may have. Regarding the example provided by the Deputy, if an individual has a social welfare...

Written Answers — Tax Collection: Tax Collection (27 Mar 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that they have contacted the employer concerned and have been advised that the delay relates to technical problems with the production of the forms. The employer has also advised that form P60 will be issued to the person concerned next week. Your enquiry about the government's intention to impose further pay cuts to teachers' salaries...

Written Answers — Tax Collection: Tax Collection (27 Mar 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that they have contacted the employer concerned and have been advised that form P60 will be issued to the person concerned next week.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (27 Mar 2012)

Michael Noonan: I am advised that staffing levels in permanent tsb bank stood at 2,243 (headcount) as at 29th February last. This figure includes staff that were recently transferred from Irish Nationwide Building Society and Northern Rock but excludes Career Break staff and other Long Term Absences. I am further advised that a total of 688 staff have been made redundant since 2008 in permanent tsb. Detail...

Written Answers — National Treasury Management Agency: National Treasury Management Agency (27 Mar 2012)

Michael Noonan: NAMA has a commercial mandate to obtain the best achievable financial return on behalf of the State. It has emphasised repeatedly that one of its objectives is to instigate the sale of properties by its debtors and in order to facilitate this, it approves the sale of properties by debtors at realistic current market prices. In terms of determining an appropriate current level of pricing for...

Written Answers — Betting Regulations: Betting Regulations (27 Mar 2012)

Michael Noonan: 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 well advanced and it is my intention to publish the Bill in the...

Written Answers — Tax Code: Tax Code (27 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of Mineral Oil Tax, Carbon Tax and VAT out of €10 of petrol and auto-diesel at average prices is as follows: Petrol Diesel € € Mineral Oil Tax 3.25 2.67 Carbon Tax 0.27 0.33 VAT 1.87 1.87 Total Tax 5.39 4.87 The Mineral Oil Tax and Carbon Tax amounts were calculated using an average price of 166.9 cent per litre for...

Written Answers — Departmental Strategies: Departmental Strategies (27 Mar 2012)

Michael Noonan: A report setting out a Strategy for Financial Inclusion was published on my Department's website in June 2011. The main operational recommendation from the report was the proposed introduction of a basic payment account. An implementation group, which is chaired by my Department, has been established to manage the implementation process and a basic payment account is expected to be rolled out...

Written Answers — Departmental Staff: Departmental Staff (27 Mar 2012)

Michael Noonan: In response to the Deputy's question no staff in my Department serve as directors of companies arising from their employment. I understand from the Department of Public Expenditure and Reform that the Office of the Attorney General has advised that people working for the State are entitled to be indemnified for such work. The indemnification would cover any reasonable legal fees and/or...

Written Answers — Ministerial Expenses: Ministerial Expenses (27 Mar 2012)

Michael Noonan: In response to the Deputy's question the following table gives details of mileage and subsistence claimed by me since March 2011. Month Amount Claimed March 2011 €335 April 2011 €203 May 2011 €3,353 June 2011 €1,621 July 2011 €1,890 August 2011 €1,929 September 2011 €2,558 October 2011 €1,947 November 2011 €1,786 December 2011 €1,671 January 2012 €3,231...

Written Answers — Pension Provisions: Pension Provisions (27 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 134 to 136, inclusive, together. The transfer of an occupational pension scheme member's pension fund benefits or a Personal Retirement Savings Account (PRSA) contributor's PRSA assets to an overseas pension arrangement is permitted, subject to the transfer complying with the Department of Social Protection's "Occupational Pension Schemes and Personal...

Written Answers — Tax Code: Tax Code (27 Mar 2012)

Michael Noonan: I am advised by the Revenue Commissioners that their records indicate that this individual is not exempt from the Universal Social Charge (USC) based on the quantum of his income, as returned by his employer. An individual becomes liable for USC once their income, excluding social welfare payments, exceeds €10,036 per annum.

Written Answers — Tax Code: Tax Code (27 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 138 and 153 together. 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...

Written Answers — Haulage Sector: Haulage Sector (27 Mar 2012)

Michael Noonan: A fuel rebate system could not under EU law be restricted to Irish licensed hauliers but would have to be extended to all vehicles intended exclusively for the carriage of goods by road with a maximum permissible gross laden weight of not less than 7.5 tonnes. In addition, the rebate would have to include the carriage of passengers by a motor vehicle of category M2 or category M3 as defined...

Written Answers — National Asset Management Agency: National Asset Management Agency (27 Mar 2012)

Michael Noonan: I am advised by NAMA that it currently holds cash balances of €4.3 billion. NAMA have advised me that cash is either placed on deposit with approved counterparties or the Central Bank or it is invested in Qualifying Liquid Assets (Short-term Irish Government securities). It is necessary for NAMA to invest in highly liquid, lower risk and therefore lower yielding assets as NAMA must ensure...

Written Answers — National Asset Management Agency: National Asset Management Agency (27 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 141 and 142 together. NAMA issued a Guidance Note on Upward Only Commercial Leases on 6 December 2011. The Guidance Note was intended to deal with situations where tenants of NAMA debtors could show that the rents they were paying were in excess of current market levels and, as a result, the viability of their businesses was threatened. In such...

Written Answers — National Asset Management Agency: National Asset Management Agency (27 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 143 and 144 together. Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php. The site includes properties located in Mayo, including Castlebar and Mulranny. This list is searchable by region and is updated on a monthly basis. Where relevant,...