Results 5,921-5,940 of 27,019 for speaker:Michael Noonan

Written Answers — National Asset Management Agency: National Asset Management Agency (6 Jun 2012)

Michael Noonan: The advisory group currently consists of three members; Mr. Michael Geoghegan; Mr. Denis Rooney and Mr. Frank Daly, the chairman of NAMA. Mr. Geoghegan acts as chair of the group and all members of the Group were appointed on 7 March 2012. Each of the individuals has agreed to work on a pro-bono basis. This group was set up to advise me on specific issues related to NAMA. The group operates...

Written Answers — Tax Code: Tax Code (6 Jun 2012)

Michael Noonan: 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 when printed (for example, a book liable at zero rate),...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (6 Jun 2012)

Michael Noonan: As requested by the Deputy, I am setting out below the details supplied to me by Bank of Ireland as being the latest information available in response to his question. Number of staff members (FTE)* who currently earn a basic salary between Euro Sterling Dollar 100k and

Written Answers — Tax Code: Tax Code (6 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that landlords may deduct interest on money borrowed to purchase, improve or repair commercial property from the gross rent when computing their rental profits for tax purposes on that property. Interest incurred before the first occupation of the property by a tenant for the purposes of a trade or undertaking, or between lettings, is not deductible....

Written Answers — Ministerial Staff: Ministerial Staff (6 Jun 2012)

Michael Noonan: In my Department, 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 approved in respect of either appointment.

Written Answers — Oifig na gCoimisinéirí Ioncaim: Oifig na gCoimisinéirí Ioncaim (6 Jun 2012)

Michael Noonan: Cuireann na Coimisinéirí Ioncaim in iúl dom go ndearna siad roinnt athruithe riaracháin le déanaí ar an mbealach ina ndéantar bainistíocht ar a seirbhís 1890 do chustaiméirí Gaeilge. Cinnteoidh na hathruithe sin nach mbeidh aon laghdú i gcaighdeán na seirbhíse atá ar fáil do chustaiméirí atá ag lorg comhairle trí Ghaeilge. Maidir le próiseáil tuairisceáin agus...

Written Answers — Banking Sector: Banking Sector (6 Jun 2012)

Michael Noonan: As the Deputy is aware the Board of the bank is responsible for the day to day operation of the bank. Nonetheless, the Deputy may wish to note that the company referred to in the question was an independently rated funding vehicle set up by INBS that enabled INBS to access low cost funding from the ECB. It was fully consolidated into INBS and all securities issued by that company were held by...

Written Answers — Tax Code: Tax Code (6 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a P21 Balancing Statement for 2011 issued to the person in question on 25th May 2012.

Written Answers — Central Bank Guidelines: Central Bank Guidelines (6 Jun 2012)

Michael Noonan: The Central Bank guidelines published in December 2011 were for the financial institutions covered by the ELG scheme to follow in the development and application of their impairment provisioning frameworks. Under the NAMA Act 2009, NAMA is not regulated by the Central Bank and it follows that Central Bank guidelines do not apply to NAMA. However, I am advised by NAMA that it has carried out a...

Written Answers — International Agreements: International Agreements (6 Jun 2012)

Michael Noonan: The Swedish and Danish bilateral loan agreements were laid before the Houses of the Oireachtas on March 28th 2012 and April 30th 2012 respectively.

Written Answers — State Banking Sector: State Banking Sector (6 Jun 2012)

Michael Noonan: As the Deputy is aware the Government is committed to delivering a return to a successful vibrant economy. In this context I have indicated that there is no private sector involvement for senior bank paper or Irish Sovereign debt without the agreement of our external partners. This commitment has been agreed without external partners and is now the basis on which Ireland's future financing...

Written Answers — Exchequer Revenue: Exchequer Revenue (6 Jun 2012)

Michael Noonan: I have been informed by the Central Bank that surplus income payable to the Exchequer amounted to €958,343,153.88 for the year ended 31 December 2011. The Central Bank of Ireland transferred the amount in full to the Exchequer on 11 May 2012.

Written Answers — Tax Reliefs: Tax Reliefs (6 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that they continue to work with all qualifying lenders to ensure that the necessary software changes to lenders' Tax Relief at Source (TRS) systems are in place at the earliest possible date. The speed with which the required software changes can be developed and implemented varies from lender to lender. The majority have now successfully...

Written Answers — Tax Collection: Tax Collection (6 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the most recent basic data available on the incomes of income earners aged 65 and over from which information of the type requested by the Deputy could be derived are in respect of the income tax year 2010.

Written Answers — Tax Collection: Tax Collection (6 Jun 2012)

Michael Noonan: Income Earners Aged 65 or over - Distribution of 2010 gross incomes Range of gross Income Number of cases in range Total Gross Income € Employment Income * € Social Welfare pensions € Income from other sources 0 10,000 25,262 104,680,175 86,114,269 10,503,377 8,062,528 10,000 12,000 7,308 81,413,896 31,151,383 45,370,929 4,891,583 12,000 15,000 16,582...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (6 Jun 2012)

Michael Noonan: As I noted to the House on 18 April 2012, the Bank's policy in relation to fees is a matter for the management and board of the institution. The Relationship Framework that was specified on 30 March 2012, as per the Memorandum on Economic and Financial Policies agreed with the EU Commission, the ECB and the IMF, defines the nature of the relationship between the Minister for Finance and...

Written Answers — Cash Reserves: Cash Reserves (6 Jun 2012)

Michael Noonan: Cash reserves and other balances held by the National Treasury Management Agency on behalf of the State at 31 March 2012 were as follows: NTMA Cash Reserves/other balances € billion Exchequer Account 13.26 Capital Services Redemption Account 0.03 Deposits 0.55 Housing Finance Agency Guaranteed Notes 3.86 Dormant Accounts Fund 0.14 Other Ministerial...

Written Answers — National Asset Management Agency: National Asset Management Agency (6 Jun 2012)

Michael Noonan: I am advised by NAMA the units to which the Deputy refers are under the control of NAMA debtors and receivers and I understand that the further breakdown sought by the Deputy is not currently available. As I stated in my response of 22 May {PQ 24849/12}, NAMA is currently engaged in an extensive analyses of the residential portfolio under the control of its debtors and receivers and this is...

Written Answers — National Asset Management Agency: National Asset Management Agency (6 Jun 2012)

Michael Noonan: I would like to thank the Deputy for the opportunity to clarify the statement made as part of the response to PQ 24847.12. As per my direction to NAMA in accordance with Section 14 of the NAMA Act 2009, the maximum maturity allowable on the Bond in question was 90 days. The €3.06 billion facility was drawn on the 3rd April 2012. However, as the Agency had been directed to enter a...

Written Answers — Departmental Funding: Departmental Funding (6 Jun 2012)

Michael Noonan: My Department has an allocation of €150k for capital for the 2012 Estimates year. It is envisaged that this capital will be used to fund relocation to a new premises as the lease on our 2-4 Merrion Row premises has expired. No funds have been drawn down to date. It is expected that the spend will take place during June/July 2012.