Results 6,001-6,020 of 27,019 for speaker:Michael Noonan

Written Answers — Revenue Documents: Revenue Documents (12 Jun 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that a P45 has been received by them on 20 April 2012. If the person concerned has not yet received their copy they can contact the employer for a copy.

Written Answers — Motor Vehicle Registration: Motor Vehicle Registration (12 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that registration numbers are assigned under section 131(5) of the Finance Act 1992. The registration number assigned at the time of first registration in the State remains assigned to that vehicle and must be displayed at all times until the vehicle is scrapped, destroyed or sent permanently out of the State. I have no plans at present to change...

Written Answers — Fuel Prices: Fuel Prices (12 Jun 2012)

Michael Noonan: Ireland, as with other countries, has experienced an increase in the cost of petrol and auto-diesel. This is an international phenomenon driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The rise in oil prices over recent periods reflected additional factors such as geopolitical uncertainty in Northern...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Jun 2012)

Michael Noonan: I am advised by NAMA that it is the Agency's practice to allow debtor companies to retain overhead costs from rental or other income that are produced by their assets where this is necessary for the operations of the debtor companies. The level of overhead is only agreed following a thorough and rigorous evaluation of the debtor's business plan by NAMA. Each cost element is reduced to the...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jun 2012)

Michael Noonan: The amount of investment approved under the Employment and Investment Incentive in 2011 and 2012 to date is set out in the following table. The number of companies that benefited from these investments is also included. Employment and Investment Incentive Year Amount of Investment €m Number of Companies 2011* 0* 0* 2012 to date 2.38 11 * The EII was introduced from 25 November 2011 and...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jun 2012)

Michael Noonan: The estimated amount of investment approved under the Business Expansion Scheme (other than investments approved under the Employment and Investment Incentive Scheme) in the calendar years 2008, 2009, 2010 and 2011 is as set out in the following table. The number of companies which benefited from these investments is also provided. Business Expansion Scheme Investments Year Amount of...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the total cost of the research and development tax credits allowed from 2008 to 2010, the latest year available, together with the number of businesses associated with that cost, are shown in the following table: Research and Development Tax Credit Year Exchequer Cost of Research and Development Tax Credit Estimated investment on which relief...

Written Answers — Job Assist Scheme: Job Assist Scheme (12 Jun 2012)

Michael Noonan: Sections 472A and 88A of the Taxes Consolidation Act 1997 provide tax incentives for both employers and employees, to help the long-term unemployed to return to employment. The relevant information available is in relation to the numbers of employees and employers who availed of the Revenue Job Assist scheme for the income tax years 2008 to 2011 inclusive, the latest year for which the...

Written Answers — Foreign Earnings Deduction: Foreign Earnings Deduction (12 Jun 2012)

Michael Noonan: The Foreign Earnings Deduction was introduced from the 2012 tax year. Therefore, it will be 2013 before reliable statistics on its uptake will be available.

Written Answers — Tax Reliefs: Tax Reliefs (12 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant information available so far on the relief in question is for the year 2010 as derived from corporation tax returns filed in respect of that year. The number of companies claiming the relief for 2010 was 855.

Written Answers — Bank Charges: Bank Charges (12 Jun 2012)

Michael Noonan: The Deputy will be aware that the Bank's policy in relation to fees is a matter for the management and board of the institution. I have no role in the day-to-day commercial and operational decisions of the banks, which include these matters. These decisions are taken by the board and management of the institution. Notwithstanding the fact that the State is a significant shareholder in the...

Written Answers — National Treasury Management Agency: National Treasury Management Agency (12 Jun 2012)

Michael Noonan: The balances held by the NTMA at the Central Bank of Ireland as at 31 May 2012 are as follows: NTMA Cash balances at Central Bank 31 May 2012 € Million Exchequer Account 13,503 Capital Services Redemption Account 50 Post Office Savings Bank Fund 319 National Loans Advance Interest Account 14 National Loans winding Up Accounts 3 Unclaimed Dividends Account 2 Dormant Accounts Fund...

Written Answers — Mortgage Arrears: Mortgage Arrears (12 Jun 2012)

Michael Noonan: The Deputy will be aware that the Central Bank is engaging with banks on their mortgage arrears resolution strategies and in that context banks are currently developing resolution options for mortgage customers in difficulty. As the Deputy may be aware, the Central Bank asked the mortgage lenders to segment their loan books and provide proposals to the Central Bank on loan modification...

Written Answers — Financial Irregularities: Financial Irregularities (12 Jun 2012)

Michael Noonan: The Central Bank was informed of the financial irregularities on the afternoon of the 24th May, following a specific question raised by the Central Bank on the 23rd May. Central Bank staff met with the firm twice on the 25th May, issued a direction at 5pm on the 25th May to cease trading and were in regular contact with Bloxham over the weekend 26th and 27th May. Central Bank staff continues...

Written Answers — Ministerial Staff: Ministerial Staff (12 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. Question No. 204 answered with Question No. 181.

Written Answers — Tax Yield: Tax Yield (12 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated in terms of 2012 profits, of increasing the standard rate of corporation tax from 12.5% to 13% is tentatively estimated on a straight line arithmetic basis to be about €135 million. A corresponding reduction in the rate would result in a cost to the Exchequer of a similar amount. This estimate...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jun 2012)

Michael Noonan: As the deputy is aware the securities repurchase transaction between Bank of Ireland ("BoI") and Irish Bank Resolution Corporation ("IBRC") is a commercial transaction and is subject to the approval of BoI's shareholders. BoI has issued a circular to their shareholders (the "Circular") and scheduled an extraordinary general court to be held on 18th June 2012. The commercial terms of the...

Written Answers — Bank Charges: Bank Charges (12 Jun 2012)

Michael Noonan: As the deputy is aware the securities repurchase transaction between Bank of Ireland ("BoI") and Irish Bank Resolution Corporation ("IBRC") is a commercial transaction and is subject to the approval of BoI's shareholders. BoI has issued a circular to their shareholders (the "Circular") and scheduled an extraordinary general court to be held on 18th June 2012. The commercial terms of the...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Jun 2012)

Michael Noonan: I am advised by NAMA that it is expected that the private investors will purchase the Irish Life shareholding in the NAMA SPV through a nominee account structure. The detail of this deal, which ILP expect to complete shortly is commercially sensitive. It would not be appropriate, therefore for me to comment any further on it until such time as the deal is completed.

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Jun 2012)

Michael Noonan: The Q4 2011 Section 55 accounts reported a cumulative consolidated loss of €982m at 31 December 2011 for National Asset Management Limited and its subsidiaries, which is the group of special purpose companies through which the Agency carries out its functions. The audited financial statements for 2011 are currently being finalised. Dividends to the special purpose vehicle investors are...