Results 6,041-6,060 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I have been advised by the Revenue Commissioners that the credit was removed as, based on the information available to them, the person concerned did not satisfy the conditions set out in legislation to qualify for the tax credit. A letter detailing the reason why the credit was removed was issued to the person concerned on 29 May 2012. A copy of that letter has now been issued to the...

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

Michael Noonan: The position is that a UK state pension is exempt from Income Levy and USC. I am advised by the Revenue Commissioners that the person concerned has not been charged Income Levy or USC on this portion of their income. The person concerned may wish to contact the Revenue Commissioners directly at the Wicklow District, at telephone 01 631 6500, to discuss this matter in more detail.

Written Answers — European Stability Programmes: European Stability Programmes (12 Jun 2012)

Michael Noonan: As the deputy will be aware, it was clarified over the weekend that Spain is to seek official sources of funding. In particular, financial assistance is being sought from euro area Member States for the recapitalisation of Spanish financial institutions. Finance Ministers in the euro area have welcomed this and have expressed their willingness to respond favourable to the request. ...

Written Answers — Banking Sector Staff: Banking Sector Staff (12 Jun 2012)

Michael Noonan: Allied Irish Banks (AIB) has informed me that staff numbers are as follows: May 2010* - 23,175 May 2011 - 13,929 May 2012 - 14,443 However, in May 2012 total staff included 1,703 temporary workers employed to deal with short term business requirements and many of these temporary staff were taken on by the Bank to assist customers in difficulty. As the Deputy will be aware, AIB has announced...

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

Michael Noonan: I am advised by the Revenue Commissioners that no contact has been made with the local Revenue District by the named organisation with regard to tax relief for donations to certain sporting bodies. If the organisation wishes to make a claim for this relief they should contact the Kilkenny Revenue District. Contact details for the Kilkenny district office can be found on the Revenue website:...

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

Michael Noonan: The position is that, while there is tax relief available on interest paid on certain qualifying homes loans, there is no tax relief available on either normal periodic capital repayments or on lump sum capital repayments that are set against the balance outstanding on a mortgage.

Written Answers — Financial Services Ombudsman: Financial Services Ombudsman (12 Jun 2012)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties. It would not be appropriate for me to comment on how he performs his duties. However, the Financial Services Ombudsman's Bureau has informed me that, in the course of an investigation, the regulated financial service provider will be required to answer a series of questions...

Written Answers — Mortgage Interest Rates: Mortgage Interest Rates (12 Jun 2012)

Michael Noonan: As has been stated previously to the house in an answer to Question 42 on 23 May 2012, I have no role in the day-to-day commercial and operational decisions, which include these matters. Ultimately, the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for the management team and board of Permanent tsb (PTSB), having due regard to...

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

Michael Noonan: Section 188 of the Taxes Consolidation Act 1997 provides for an exemption from income tax for a couple who are jointly assessed to tax and either of them is 65 years of age or over during the tax year where their combined incomes do not exceed €36,000. However, where their combined incomes exceed €36,000, a measure of relief from full taxation (called 'marginal relief') is still...

Written Answers — Mortgage Interest Rates: Mortgage Interest Rates (12 Jun 2012)

Michael Noonan: Ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for the management team and board of each lending institution, having due regard to their customers and the impact on profitability, particularly where the cost of funding to each lending institution, including deposit pricing, is under pressure. Neither the Central Bank...

Written Answers — Credit Review Office: Credit Review Office (12 Jun 2012)

Michael Noonan: The Credit Review Office was set up under statute (SI 127 of 2010) and reports directly to my Department. The Office has three members of staff, and a panel of reviewers who are called on as necessary, on a case by case basis. It is housed within the Enterprise Ireland (EI) building in East Point, Dublin and EI has been directed by my Department to provide working capital and all support...

Written Answers — State Savings: State Savings (12 Jun 2012)

Michael Noonan: The National Treasury Management Agency (NTMA), on behalf of the Minister for Finance, provides a wide range of State Savings products through An Post and the Prize Bond Company. These State Savings products allow people to save in a simple and efficient manner by, for example, a lodgement of as little as one euro into deposit accounts in post offices or the purchase of children's savings...

Written Answers — Motor Taxation: Motor Taxation (12 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that there are no plans at present to amend the vehicle registration index mark for Limerick City and Limerick County. The index mark is currently issued based on the functional area of the licensing authority in which the owner at the time of registration ordinarily resides. If and when the functional area of the relevant licensing authorities...

Written Answers — Consumer Protection: Consumer Protection (12 Jun 2012)

Michael Noonan: The Consumer Protection Code was introduced by the Central Bank under its own powers to issue codes, including under the Central Bank Act 1989. Section 184 of the Credit Union Act 1997 disapplies the Central Bank Acts as far as credit unions are concerned, which means that the Central Bank code-making powers cannot be used for credit unions. However, the Consumer Protection Code does not...

Written Answers — Tax Collection: Tax Collection (13 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that a Notice of Assessment to income tax issued to the person in question for 2011 following the receipt of his Return of Income together with a health expenses claim for that year. An underpayment of tax arose as the person and his wife are both in receipt of taxable payments from the Department of Social Protection (DSP) and according to Revenue...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Jun 2012)

Michael Noonan: I am advised by NAMA that there is no single standard set of terms for stapled debt which NAMA may offer to parties acquiring commercial property from NAMA borrowers or receivers. Terms quoted will vary to reflect the attributes of various commercial property categories and individual properties, the varying strengths of tenants and leases, and the strength of counterparties/property...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Jun 2012)

Michael Noonan: I am advised by NAMA that it does not and has not provided financing other than staple financing for the purchase of commercial property under the control of its debtors and receivers. Similarly, NAMA has advised that in the case of purchases of residential property controlled by its debtors and receivers the Agency does not and has not provided financing. The Agency has recently introduced...

Written Answers — Public Sector Staff: Public Sector Staff (13 Jun 2012)

Michael Noonan: The Revenue Commissioners have provided me with the information in the following table in response to the Deputy's question. Table: Retirements 2009 to 12 June 2012 (Headcount) 2009 2010 2011 To 12/6/12 Totals Grade Secretary General level - - - 1 1 Assistant Secretary - 3 - 2 5 Principal Officer 27 15 10 11 63 Assistant Principal 74 36 13 47 170 Higher Executive Officer 152 33 22 62...

Written Answers — Official Travel: Official Travel (13 Jun 2012)

Michael Noonan: 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 travel and accommodation came to €4,358.33. For further information, I would point...

Written Answers — Financial Services Regulation: Financial Services Regulation (13 Jun 2012)

Michael Noonan: Part 3 of the Central Bank Reform Act 2010 created for the first time in Irish law a harmonised statutory system for the regulation by the Central Bank of Ireland of persons performing controlled functions or pre-approval controlled functions in regulated financial service providers. Section 21 of the Central Bank Reform Act 2010 provides that a regulated financial service provider shall not...