Results 5,981-6,000 of 27,019 for speaker:Michael Noonan

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

Michael Noonan: -----particularly in circumstances where there were no similar disclosure requirements in relation to debtors of all other financial institutions. I would like to remind the Senator who intervened, that the last two Private Members' motions - one of which was a Bill introduced in the Dáil by his colleague, Deputy Michael McGrath - were accepted by me. Not in here.

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

Michael Noonan: We are not opposing them. This is the exception because it is invalid and I cannot accept it on legal grounds.

Seanad: NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage (6 Jun 2012)

Michael Noonan: The relationship framework between the IBRC and the Government ensures that the bank remains a separate economic unit with independent powers of decision and that its board and management retain responsibility and authority for determining the bank's strategy and commercial policies and for conducting its day-to-day operations. This relationship framework was put in place as a condition of...

European Stability Mechanism Bill 2012: Order for Second Stage (7 Jun 2012)

Michael Noonan: I move: "That Second Stage be taken now."

European Stability Mechanism Bill 2012: Second Stage (7 Jun 2012)

Michael Noonan: I move: "That the Bill be now read a Second Time." I thank the House for agreeing to discuss the European Stability Mechanism Bill 2012. As Deputies will be aware, the Government published this Bill at the beginning of last month in line with our explicit commitment to make available well in advance of the referendum all legislative proposals which were in any way related to the stability...

European Stability Mechanism Bill 2012: Second Stage (7 Jun 2012)

Michael Noonan: I thank all of the Deputies who contributed to what has been a very constructive debate on the importance of this legislation and Ireland's ratification of the European Stability Mechanism treaty. The treaty is essential not only to facilitate in the public interest the financial stability of the European Union by establishing the ESM but also to ensure Ireland will have access to a credible...

European Stability Mechanism Bill 2012: Referral to Select Committee (7 Jun 2012)

Michael Noonan: I move: That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform pursuant to Standing Order 82A(3)(a) and (6)(a).

Written Answers — Tax Reliefs: Tax Reliefs (7 Jun 2012)

Michael Noonan: The position is that tax relief for health expenses is provided for in section 469 of the Taxes Consolidation Act 1997. For the purposes of the relief "health expenses" means expenses in relation to the provision of health care, being expenses representing, among other items, the cost of the services of a practitioner. The legislation defines a "practitioner" as a person who is: (a)...

Written Answers — Tax Code: Tax Code (7 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that for the purposes of Capital Acquisitions Tax (Gift and Inheritance Tax), the relationship between the person who provided the gift or inheritance (the disponer) and the person who received the gift or inheritance (the beneficiary) determines the maximum tax-free threshold, known as the Group threshold, below which gift or inheritance tax does...

Written Answers — Tax Collection: Tax Collection (7 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that this matter, in respect of the same persons, was the subject of a previous question, reference 25688/12, for reply on May 23rd, 2012. Due to an administrative error, underpayments of Income Tax arose in respect of the persons who are the subject of this question, for the years 2010 and 2011. This resulted in the issue of incorrect tax credit...

Written Answers — Credit Rating: Credit Rating (7 Jun 2012)

Michael Noonan: As Minister for Finance, I have no responsibility for the credit rating awarded to mortgage holders and it would not be appropriate for me to comment on an individual's rating. Factors other than the repayment of interest only on a mortgage may affect an individual's credit rating.

Written Answers — Revenue Commissioners Investigations: Revenue Commissioners Investigations (7 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that there are a number of options available to an individual who feels aggrieved with their treatment by Revenue. In the first instance, the individual should contact the Revenue Office dealing with their tax affairs and make that Office aware of the particular complaint so that the matter can be investigated. Additionally, an aggrieved taxpayer...

Written Answers — Bank Charges: Bank Charges (7 Jun 2012)

Michael Noonan: Section 149(1) of the Consumer Credit Act, 1995 (as amended) requires Credit Institutions to submit a notification to the Central Bank of Ireland of their intention to introduce a new charge or increase an existing charge imposed on customers for a service. Furthermore Section 149A of the Act extends this notification requirement to the 'holders of an authorisation'; namely bureaux de...

Written Answers — Haulage Industry: Haulage Industry (7 Jun 2012)

Michael Noonan: As the Deputy is aware, a working group was set up between officials of my Department, the Irish Road Haulage Association and some Members of the Oireachtas. The working group has had a serious of meetings to discuss issues of concern to the haulage industry. I understand a submission is being finalised.

Written Answers — Fuel Prices: Fuel Prices (7 Jun 2012)

Michael Noonan: The Revenue Commissioners are aware of the threat that oil laundering and the sale of laundered fuel pose to the Exchequer and to legitimate businesses, and accord a high priority to action to combat these illegal activities. Revenue is addressing the problem on a number of fronts, including robust enforcement action against those involved in these activities. To date in 2012, Revenue's...

Written Answers — Tax Reliefs: Tax Reliefs (7 Jun 2012)

Michael Noonan: In my Budget speech, I stated that a new 30% rate of tax relief on interest paid would apply "for first time buyers who took out their first mortgage" in the period 2004 to 2008. The legislation to give effect to this was introduced by way of Section 9 Finance Act 2012 and provides that the new 30% rate of tax relief applies to qualifying interest paid on a qualifying loan taken out on or...

Written Answers — Financial Services Regulation: Financial Services Regulation (7 Jun 2012)

Michael Noonan: My colleague, the Minister for Jobs, Enterprise and Innovation, has responsibility for company law including the legislative regime relating to auditing and accounting. The Companies (Auditing and Accounting) Act 2003 provides for the establishment of the Irish Auditing and Accounting Supervisory Authority. Its functions include supervising how the prescribed accountancy bodies regulate and...

Written Answers — Disabled Drivers: Disabled Drivers (12 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No: 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. An application form (DD1) for...

Written Answers — Ministerial Meetings: Ministerial Meetings (12 Jun 2012)

Michael Noonan: I propose to take Questions Nos. 181, 195 to 199, inclusive, and 204 together. I attended the Bilderberg meeting in Westfield Marriot, Chantilly, Virginia, USA, from 1 to 3 June 2012. I, like a number of my European colleagues (both Ministers and EU Commissioners), was invited to attend given my position as Minister for Finance. I travelled alone and the total cost associated with my...

Written Answers — Commission on Credit Unions: Commission on Credit Unions (12 Jun 2012)

Michael Noonan: I propose to take Questions Nos. 182 and 183 together. The Final Report of the Commission on Credit Unions was published in April this year. The Report's recommendations were agreed by all members of the Commission, including the representatives of the credit union movement. I have welcomed the Report. The Commission on Credit Unions has provided a landmark Report with far reaching...