Results 5,501-5,520 of 27,019 for speaker:Michael Noonan

Written Answers — Banking Sector Remuneration: Banking Sector Remuneration (24 Apr 2012)

Michael Noonan: The present agreements underpinning the State's investment in the covered institutions contain prohibitions on the payment of bonuses. This is the current position on the issue. The Deputy will be aware that we recently published, as required under our Troika obligations, the respective relationship frameworks between the State and the banks. These documents stipulate, amongst other...

Written Answers — Tax Code: Tax Code (24 Apr 2012)

Michael Noonan: I am assuming that the reference in the Deputy's question to a "new rule" in relation to legal privilege and the Revenue Commissioners relates to aspects of the mandatory disclosure regime introduced in Finance Act 2010 and contained in Chapter 3 of Part 33 of the Taxes Consolidated Act 1997. I am advised by the Revenue Commissioners that the mandatory disclosure regime, broadly speaking,...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: The Government is acutely aware of the increasing financial stress that some households are facing in meeting their mortgage obligations. From a public policy perspective, the Government's approach to address this problem is to provide a framework that will be available to all mortgage holders experiencing genuine difficulty and not just those with mortgages from the covered banks. A number...

Written Answers — Tax Code: Tax Code (24 Apr 2012)

Michael Noonan: The carry-over effect into 2013 of the revenue measures introduced in Budget 2012 is estimated at €220 million. Therefore new revenue measures to be introduced for 2013 and to raise approximately €1 billion in 2013 will be required. This information is laid out on page D.17 of Budget 2012. The precise contribution from new revenue measures in 2013 that is required in order to adhere to...

Written Answers — Central Bank Investigations: Central Bank Investigations (24 Apr 2012)

Michael Noonan: In 2011, the Central Bank carried out an initial review of the suitability of sales of payment protection insurance to customers who took out loans to determine if the sales were in compliance with the requirements of the Consumer Protection Code. The Director for Consumer Protection in the Central Bank indicated that, arising from this initial review there were concerns in relation to...

Written Answers — Departmental Correspondence: Departmental Correspondence (24 Apr 2012)

Michael Noonan: Firstly, I wish to advise the Deputy that I receive many proposals on aspects of policy within the remit of my Department, all of which are examined by my officials. In relation to this particular proposal, I would remind the Deputy that the Relationship Frameworks with the banks provide that the State will not intervene in the day-to-day operations of the banks or their management decisions...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (24 Apr 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a revised tax credit certificate issued to the person concerned in January 2012 and that the person concerned is in receipt of all their tax and universal charge entitlements.

Written Answers — Bank Charges: Bank Charges (24 Apr 2012)

Michael Noonan: I have been informed by the Central Bank there are three types of charges associated with credit cards: The 'acquiring bank' (on behalf of the credit card company e.g. Visa and Mastercard) charges the retailer a fee - these fees are subject to the provisions of section 149 of the Consumer Credit 1995, if the acquiring bank is a financial institution, · The 'issuing bank' (the issuer of...

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: The information requested by the Deputy is detailed in the Appropriation Accounts for the relevant years. The Appropriation Accounts are available online at www.audgen.gov.ie. The 2011 Appropriation Accounts have not yet been finalised by the Office of the Comptroller and Auditor General.

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: Neither the 2009 Relationship Framework nor the current Relationship Framework document force IBRC to disclose to the Minister fees paid to outside advisors. I am not aware, nor are my officials aware, of the fees charged by every advisor that has been engaged by IBRC or the former Anglo Irish Bank or the Irish Nationwide Building Society on an on-going basis. It is important to appreciate...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: IBRC operates a procurement policy which has been set by the Board. An integral aspect of procurement is a governance process to monitor adherence to policy. The Bank's procurement policy is designed to ensure that goods and services are procured in the most cost-effective manner, while ensuring that the process is completed in an open, objective and transparent way. There have been and...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: The Department has received a number of communications from parties with an interest in providing advice to the State or State owned companies since the appointment of the company referred to in the Question by IBRC became public information. This information related to the appointment of the particular company was provided on an informal basis and is deemed to be confidential in nature. Had...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: IBRC operates to a Group Travel Policy which has been approved by the Directors of the Board of the Bank. This policy applies to both domestic and foreign travel. Details of the flights and accommodation of the Group Executives of IBRC, in the day to day running of the Bank, are therefore a matter for the Board of the Bank. I have been informed that under the travel policy economy class is...

Written Answers — State Banking Sector: State Banking Sector (24 Apr 2012)

Michael Noonan: The Deputy may wish to note that Goldman Sachs is not engaged by this Department. I am informed that my Department is not aware of any meetings between Goldman Sachs and the company referred to in the question, and staff from the Department have not been involved in conference call in which Staff from Goldman Sachs and the company referred to. Finally Goldman Sachs has not advised the...

Written Answers — National Asset Management Agency: National Asset Management Agency (24 Apr 2012)

Michael Noonan: I am advised by the Office of the Comptroller and Auditor General that he conducts his audits of NAMA in accordance with International Standards on Auditing. The Standards set out the basic principles and essential procedures with which an auditor must comply. Subject to the need to comply with the Standards, the question of what audit procedures are required for any particular audit is a...

Written Answers — Tax Collection: Tax Collection (24 Apr 2012)

Michael Noonan: The relevant taxes in this case are Income Tax, the Income Levy and the Universal Social Charge collected under the PAYE system. I am informed by the Revenue Commissioners that for the calendar year 2011, the latest year for which the necessary detailed information is available, the total yield from these taxes was 33 per cent of the total Exchequer tax revenue of €34,027 million.

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: No civil servants who have retired from my Department are back on the payroll in my Department.

Written Answers — Departmental Agencies: Departmental Agencies (24 Apr 2012)

Michael Noonan: The Government announced a new National Internship Scheme as part of its Jobs Initiative programme, which was published on 10 May 2011. The National Internship Scheme, known as JobBridge, provides at any one time up to 5,000 work experience placements of 6 or 9 months for unemployed individuals in organisations in the private, public and voluntary sectors. It is a time-limited scheme for a...

Written Answers — Departmental Correspondence: Departmental Correspondence (24 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that they have now issued a letter to the person in question, confirming that he had no income in the year 2010. They regret that in this instance they failed to meet their customer service standards for dealing with correspondence, which was due to an administrative error on their part, and they apologise for the delay in processing the taxpayer's...

Written Answers — Tax Collection: Tax Collection (24 Apr 2012)

Michael Noonan: I am advised by the Revenue Commissioners that advice and an automatic VRT calculator are provided at www.revenue.ie/en/online/vrt-calculator.html to assist in the calculation of VRT on imported vehicles. Where the relevant model is not listed on Revenue's online VRT calculator, advice on how to form an estimate is available from the Central Vehicle Office, Revenue Commissioners, Rosslare...