Results 5,541-5,560 of 27,019 for speaker:Michael Noonan

Written Answers — EU Funding: EU Funding (26 Apr 2012)

Michael Noonan: The European Stability Mechanism (ESM) Treaty, was signed by Euro Area Member States on 2 February 2012. The original version of the Treaty was signed on 11 July 2011, but it has been modified to incorporate decisions taken by the Heads of State and Government (HoSG) of the Euro Area on 21 July, 9 December 2011 and 2 March aimed at improving the effectiveness of the mechanism. These...

Written Answers — State Savings Scheme: State Savings Scheme (26 Apr 2012)

Michael Noonan: The National Treasury Management Agency is responsible for State savings schemes. An Post and the Prize Bond Company act as agents of the National Treasury Management Agency for the sale of these products. There is an attractive range of products available to the public from the ordinary deposit account to fixed saving products with maturities from 3 to 10 years. The rates on offer are...

Written Answers — General Government Debt: General Government Debt (26 Apr 2012)

Michael Noonan: The first estimate for end 2011 General Government debt was transmitted by the Department of Finance and the Central Statistics Office to Eurostat on 31st March as part of the Maastricht Returns. Following the usual clarification process, the return was published by my Department and Eurostat on Monday 23rd March. The CSO compiles quarterly estimates of General Government Debt one quarter in...

Written Answers — National Pension Reserve Fund: National Pension Reserve Fund (26 Apr 2012)

Michael Noonan: The Government is committed to ensuring a continuing level of investment in Ireland in the interests of boosting economic activity and generating employment. It believes that the National Pensions Reserve Fund (NPRF) can make a significant contribution to that objective through its involvement in the Strategic Investment Fund and through investment opportunities in Ireland such as the new...

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

Michael Noonan: I am advised by NAMA that it does not, at this stage, expect to acquire any additional loans from the participating institutions. However, I am advised that, in NAMA's engagement with a minority of debtors, certain loans have come to light which were not initially deemed eligible by the institutions concerned but which, following review, are now considered to be eligible. In cases where...

Written Answers — Official Engagements: Official Engagements (26 Apr 2012)

Michael Noonan: In November of last year, the European Commission published a Green Paper on the feasibility of introducing Stability Bonds. The paper analyses the potential benefits and challenges of a number of approaches to common sovereign debt issuance among euro area Member States. While there are potentially significant benefits attached to common debt issuance, there are clearly differing views...

Written Answers — Departmental Agencies: Departmental Agencies (26 Apr 2012)

Michael Noonan: State indemnity for personal injury and third party property damage is set out in the National Treasury Management Agency (Amendment) Act, 2000 where the management of personal injury and third party property damage claims against certain State authorities, and underlying risks, was delegated to the National Treasury Management Agency (NTMA). When performing these functions, the NTMA is...

Written Answers — Redundancy Payments: Redundancy Payments (26 Apr 2012)

Michael Noonan: I am advised by NAMA that it has not received a request from the company in question to fund enhanced redundancy payments in this case. NAMA fully appreciates how difficult the situation is for the people who have lost their jobs. However, it is NAMA policy, in cases where it is requested to approve funding for redundancy, to provide approval only for statutory redundancy payments. I...

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

Michael Noonan: The bank guarantee (schemes) to which the Deputy refers are the Credit Institutions Financial Support Scheme 2008 (CIFS Scheme) which was in operation between 30 September, 2008 and 29 September, 2010, and the Eligible Liabilities Guarantee Scheme (ELG Scheme) which came into operation on 9 December, 2009 and has a current issuance end-date of 30 June, 2012, subject to review by the EU...

Written Answers — Negative Equity Mortgages: Negative Equity Mortgages (26 Apr 2012)

Michael Noonan: Firstly, I would like to inform the Deputy that the most recent and detailed data on negative equity is presented in the paper entitled "The Irish Mortgage Market: Stylised Facts, Negative Equity and Arrears" which is available on the Central Bank's website www.centralbank.ie. The Central Bank has advised me that in early 2011, loan loss assessments under conservative, base and stressed...

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

Michael Noonan: I am informed by the Revenue Commissioners that the most appropriate information that can be provided is an annual breakdown for the years from 2000 to 2011 inclusive of the numbers of stamped instruments in respect of purchases and long-term leases of residential property where stamp duty of €10,000 or more applied. The information available on that basis is as follows. Year Number of...

Written Answers — Parliamentary Questions: Parliamentary Questions (26 Apr 2012)

Michael Noonan: In the period in question 412 Parliamentary Questions were transferred from my Department to other Departments. These transfers arose as the questions raised were not appropriate to my Department.

Written Answers — Rural Development: Rural Development (26 Apr 2012)

Michael Noonan: In response to the Deputy's question my Department has no involvement in this matter.

Official Engagements (1 May 2012)

Michael Noonan: Sinn Féin is always frightened of the truth.

Order of Business (1 May 2012)

Michael Noonan: It is better to get it in North America than to rob or print it

Written Answers — Tax Refunds: Tax Refunds (1 May 2012)

Michael Noonan: I am informed by the Revenue Commissioners that a tax refund claim, which is outside the four year limit provided for under Section 865 of the Taxes Consolidation Act, 1997 cannot be allowed. However, the Commissioners will examine whether, in the case in question, there is a possibility that a claim was made within the statutory time limit and will communicate directly with the Deputy.

Written Answers — Sports Capital Programme: Sports Capital Programme (1 May 2012)

Michael Noonan: I propose to take Questions Nos. 162 and 181 together. Applications made under Section 67 of the Credit Institutions (Stabilisation) Act 2010 are considered on a case-by-case basis. I have received the submission referred to in this PQ and I expect to be able to make a determination on it shortly.

Written Answers — Tax Code: Tax Code (1 May 2012)

Michael Noonan: I propose to take Questions Nos. 163 and 182 together. The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In Ireland the zero rate applies to printed books, including atlases, children's picture, drawing and colouring books and books of music. Under the EU VAT Directive, all digitised publications, regardless of their rate...

Written Answers — Tax Yield: Tax Yield (1 May 2012)

Michael Noonan: With regard to the VAT collected on electricity bills, I am informed by the Revenue Commissioners that as the information furnished on VAT returns does not require the yield for a particular sector or sub-sector of economic activity to be identified, the amount of VAT collected on electricity bills cannot be identified. In relation to the P.S.O. levy collected on electricity bills, I am...

Written Answers — EU Treaties: EU Treaties (1 May 2012)

Michael Noonan: I propose to take Questions Nos. 165 to 167, inclusive, together. It is the intention of the State to ratify the Stability Treaty (assuming its acceptance by the People in referendum on 31st May) and to ratify the ESM Treaty (assuming its approval by the Oireachtas in primary legislation). It is not the intention of the Government to rely on any interpretation of the articles in the...