Results 5,401-5,420 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Reliefs: Tax Reliefs (18 Apr 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that as the individual concerned did not pay income tax for 2010 or 2011 he is not entitled to claim for health expenses for those years. The Inspector advised the person concerned of the position by letter on 22 November 2011.

Written Answers — Parliamentary Questions: Parliamentary Questions (18 Apr 2012)

Michael Noonan: In response to the Deputy's question some 1,102 written Parliamentary Questions were replied to in the period 1 January 2012 to 31 March 2012. In the vast majority of cases the answers were provided in full. However, in a small number of cases the information requested by the Deputy was not available in the time allowed for a response to be given and the information was subsequently forwarded...

Written Answers — Vehicle Taxation: Vehicle Taxation (18 Apr 2012)

Michael Noonan: Ireland is not paying any levy to the European Commission as a result of the State charging VRT on imported goods.

Written Answers — Ministerial Staff: Ministerial Staff (18 Apr 2012)

Michael Noonan: I propose to take Questions Nos. 170 and 171 together. I have appointed Mary Kenny and Eoin Dorgan as special advisors. The salary for both special advisors has been €83,337 per annum since their appointment. No salary increases have been requested in respect of either appointment.

Written Answers — State Banking Sector: State Banking Sector (18 Apr 2012)

Michael Noonan: IBRC have informed me that KPMG Corporate Finance and Davy Corporate Finance ran a joint sales process to sell the company referred to in the question which was in severe financial difficulties and was unable to service or pay back its loans to IBRC. The sale process was initiated by the company referred to in the question and overseen by a subcommittee of the Board of that company. The...

Written Answers — Tax Yield: Tax Yield (18 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the estimated VAT receipts for the years 2007, 2008, 2009, 2010, 2011 and the first three months of 2012 in respect of the sale of petrol and diesel is as follows: Petrol VAT (Estimated) €m 2007 465.2 2008 485.9 2009 419.0 2010 438.8 2011 459.0 2012 120.0 Auto Diesel VAT (Estimated) €m 2007 57.0 2008 64.6 2009 49.4 2010 55.5...

Written Answers — Tax Code: Tax Code (18 Apr 2012)

Michael Noonan: The one-parent family allowance was introduced in the late 1970's and replaced the housekeeper allowance which was available to certain one-parent families. The original underlying objective of the relief was to support labour market participation of single and widowed parents and to provide a means of support to those families. The one-parent family allowance was converted into a tax credit...

Written Answers — Tax Code: Tax Code (18 Apr 2012)

Michael Noonan: The tax credits and allowances available to married couples with children (including civil partners with children) are as follows (it is to be noted that these credits and allowances, apart from the home carer's credit, are available regardless of whether or not the person is married, if the person meets the qualifying criteria):- · Incapacitated child tax credit – This is available in...

Written Answers — Credit Availability: Credit Availability (18 Apr 2012)

Michael Noonan: As the Deputy is aware, the banking system restructuring plan creates capacity for the two Pillar Banks, Bank of Ireland and AIB, to provide lending in excess of €30 billion in the next three years. SME and new mortgage lending for these banks is expected to be in the range of €16-20bn over this period. This lending capacity is incorporated into the banks' deleveraging plans which allow...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (18 Apr 2012)

Michael Noonan: The bank recapitalisation commitments made by the State to date are set out in the following table: €bn AIB/EBS BoI IL&P IBRC (Anglo/INBS) Total Government preference Shares (2009) - NPRF 3.5 3.5* - - 7.0 Capital contributions (with Promissory Notes as consideration) /Special Investment Shares (2010) – Exchequer ** 0.9 - - 30.7 31.6 Ordinary Share Capital (2009) – Exchequer - - -...

Written Answers — Tax Reliefs: Tax Reliefs (18 Apr 2012)

Michael Noonan: The position is that moving a mortgage from one lender to another does not exclude an individual from availing of the 30 per cent rate of mortgage interest relief in so far as the individual was a first-time buyer and who took out their first mortgage in the period 2004 to 2008 and the home, purchased between 2004 and 2008, continues to be the person's sole or main residence.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (18 Apr 2012)

Michael Noonan: As part of the recent Memorandum of Understanding ('MOU') dated 10 February 2012, with our External Partners it was agreed that the authorities will make a decision on the proposed way ahead for the company by the end of April 2012. Much work has been completed by the new management in PTSB and officials in my Department to develop this strategy for discussion with the Troika over the course...

Written Answers — National Asset Management Agency: National Asset Management Agency (18 Apr 2012)

Michael Noonan: NAMA is not a corporate body established under the Companies Acts. It is a statutory body established under the NAMA Act, 2009 and has no minimal capital requirements. I should clarify that I am advised by NAMA that it is not balance sheet insolvent. As with any business, the key obligation for the Agency in terms of solvency, is to ensure it continues to have sufficient cash to meet its...

Written Answers — Tax Code: Tax Code (18 Apr 2012)

Michael Noonan: I assume that the Deputy is referring to the increase in the rate of mortgage interest relief to 30 per cent which I announced in Budget 2012. The position is that the new measure fulfils the Government's commitment contained in its Programme for Government to increase the rate of Mortgage Interest Relief to 30 per cent for first-time buyers who took out their first mortgage in the period...

Written Answers — National Pension Reserve Fund: National Pension Reserve Fund (18 Apr 2012)

Michael Noonan: I am informed by the National Treasury Management Agency, as Manager of the National Pensions Reserve Fund (NPRF), that the provisional total value of the Fund was €14.5 billion at 31 December 2011, comprising the Discretionary Portfolio, valued at €5.4 billion, and the Directed Portfolio, currently held at €9.1 billion pending completion of an independent valuation review of the Fund's...

Written Answers — Fiscal Policy: Fiscal Policy (18 Apr 2012)

Michael Noonan: The National Treasury Management Agency issues Irish Government Bonds sold on the international capital markets to fund the Exchequer Borrowing requirement and to refinance maturing debt. Because of the mechanisms by which Government bonds are issued and traded, it is not possible to identify the holders of the debt issued. The table below shows the nominal amounts of Irish Government...

Written Answers — Tax Code: Tax Code (18 Apr 2012)

Michael Noonan: The position is that there is no provision for an adult dependent to transfer their personal tax credit entitlements to a parent or parents.

Written Answers — Departmental Expenditure: Departmental Expenditure (18 Apr 2012)

Michael Noonan: Since the establishment of the Department of Public Expenditure and Reform, in July 2011, both my Department and the Department of Public Expenditure and Reform operate a shared service for the provision of mobile telephony service. The reply to the Deputy's question therefore also covers the answer as required by the Deputy in PQ reference number 18893/12. The amount spent on mobile phone...

Written Answers — Departmental Expenditure: Departmental Expenditure (18 Apr 2012)

Michael Noonan: As the Deputy will be aware Budget 2012 announced a public consultation on the system of VRT and Motor Tax to adjust CO2 bands and rates in line with technological advances in motor vehicles while maintaining a positive environmental incentive to reduce transport emissions. The closing date for receipt of submissions under the public consultation process was 1 March 2012 and 34 submissions...

Written Answers — Tax Yield: Tax Yield (18 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of taxes of fuels for 2011 was approximately €3178.2 million, which equates to 9.3% of the overall exchequer return receipts at the end of 2011. 2011 Excise Carbon Est VAT Total €m €m Auto diesel 1078.3 97.5 62.0 1237.8 Petrol 992.6 60.1 459.0 1511.7 Kerosene 0 40.5 64.7 105.3 MGO 50.6 48.9 97.7 197.2 Fuel Oil 1.26...