Results 6,141-6,160 of 27,019 for speaker:Michael Noonan

Written Answers — National Asset Management Agency: National Asset Management Agency (21 Jun 2012)

Michael Noonan: I am advised by NAMA that the information sought is currently being collated and validated and that it is expected to be available for inclusion in the Agency's Annual Report which is due for publication in July.

Written Answers — National Asset Management Agency: National Asset Management Agency (21 Jun 2012)

Michael Noonan: I am informed by NAMA that its 2011 impairment assessment is based on a combination of a detailed cash flow forecasting exercise for all borrower connections which are considered individually significant (corresponding to debtors managed directly by NAMA) and a collective assessment for the rest of the loan portfolio. For all individually significant debtors, in accordance with International...

Written Answers — Pension Provisions: Pension Provisions (26 Jun 2012)

Michael Noonan: The submission referred to in the question is a copy of a letter on behalf of the trustees of a pension scheme to a retired scheme member outlining proposed adjustments to his pension on foot of the pension fund levy introduced last year for a period of 4 years. The payment of the levy is treated as a necessary expense of a pension scheme and the trustees or insurer, as appropriate, are...

Written Answers — Tax Code: Tax Code (26 Jun 2012)

Michael Noonan: I propose to take Questions Nos. 159 and 160 together. I am advised by the Revenue Commissioners that the full year yield, estimated by reference to the income tax year 2012, from imposing a further income levy of 1% on all income that is currently liable to the Universal Social Charge (USC) would be of the order of €760 million. If the new 1% levy is confined to incomes in excess of...

Written Answers — Disabled Drivers: Disabled Drivers (26 Jun 2012)

Michael Noonan: I would draw the Deputy's attention to the fact that the criteria relating to the engine size of a vehicle and the relief available for vehicles which qualify under the Disabled Drivers Passenger Scheme have been in place since 1989. The purpose of the scheme was to provide for ways in which people with a physical disability could become more mobile; it is felt that the present limit of...

Written Answers — Disabled Drivers: Disabled Drivers (26 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. The legislation states that...

Written Answers — EU-IMF Programme: EU-IMF Programme (26 Jun 2012)

Michael Noonan: Under Ireland's EU-IMF Programme, which is due to expire at the end of 2013, a total of €67.5 billion in loans will be provided from EU facilities, bilateral loans and the IMF. At the 15th of June 2012, Ireland's liabilities under the EU/IMF Programme amount to €51 billion. In relation to the details of moneys drawn down to date from the EU-IMF programme; the dates on which the...

Written Answers — Health Insurance: Health Insurance (26 Jun 2012)

Michael Noonan: Neither I nor the Central Bank have any role in relation to this matter. The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter for the companies concerned based on the assessment of the risks involved. The Deputy may wish to draw his concerns to the attention of the Health Insurance Authority.

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

Michael Noonan: I am advised that NAMA did not take out credit default protection against the short-term financing facility. I am also advised that for the duration of the short-term financing facility between NAMA and IBRC, NAMA received a rate of return of 2.35%, which was above its interest cost on its NAMA Senior Bonds. The difference represents the agency's profit in relation to this transaction. In...

Written Answers — State Banking Sector: State Banking Sector (26 Jun 2012)

Michael Noonan: I am not aware of any such announcement. As the Deputy will be aware, risk management policies and actions are a matter for the Management and Board of the Bank of Ireland. I have no role in the day-to-day commercial and operational decisions of the bank, which include these matters. These decisions are taken by the board and management of the institution.

Written Answers — Credit Unions Regulation: Credit Unions Regulation (26 Jun 2012)

Michael Noonan: The Credit Union Bill 2012 is to be published during Q3 2012 in accordance with the modified structural benchmark under the EU-IMF Programme. The General Scheme of the Bill was considered by the Government at its meeting earlier today and the intention is to publish the General Scheme this week and to refer it to the Joint Committee on Finance and Public Expenditure and Reform.

Written Answers — Departmental Staff: Departmental Staff (26 Jun 2012)

Michael Noonan: I propose to take Questions Nos. 168, 171 and 178 together. My Department does not have a redeployment pool.

Written Answers — Public Sector Pay: Public Sector Pay (26 Jun 2012)

Michael Noonan: Any matters relating to the remuneration and pensions of public servants are dealt with by colleague, the Minister for Public Expenditure and Reform.

Written Answers — Tax Reliefs: Tax Reliefs (26 Jun 2012)

Michael Noonan: Although there are no specific tax reliefs for video games producers, a broad range of tax reliefs are available for which video games producers could qualify. Some of these are detailed below. The Employment and Investment Incentive (EII) is available to the majority of trades, including video game producers. Under this scheme, companies can raise up to €2.5 million per annum, subject to a...

Written Answers — State Banking Sector: State Banking Sector (26 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 including the management of staff members and structures generally. I have been informed by the bank that since nationalisation there has been a c. 65% reduction in total headcount (excluding NAMA servicing unit) in the combined Anglo Irish Bank and INBS organisations from close to 2,250 in...

Written Answers — Ministerial Meetings: Ministerial Meetings (26 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 — Tax Collection: Tax Collection (26 Jun 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the outstanding liabilities for the taxpayers in question are: - 2009 Income Tax outstanding in the sum of €1,128.32 in accordance with the notice of assessment to income tax, which issued on 30/05/2012. (Liability per the notice of assessment €13,902.32 less tax paid €12,774.00 balance due €1,128.32). - 2010 Income tax outstanding in the...

Written Answers — EU-IMF Programme: EU-IMF Programme (26 Jun 2012)

Michael Noonan: Under Ireland's EU-IMF Programme, which is due to expire at the end of 2013, a total of €67.5 billion in loans will be provided from EU facilities, bilateral loans and the IMF. At the 15th of June 2012, Ireland's liabilities under the EU/IMF Programme amount to €51 billion. In relation to the current repayment schedule and interest rate applicable for each tranche of loans under the...

Written Answers — State Banking Sector: State Banking Sector (26 Jun 2012)

Michael Noonan: As the Deputy will be aware, the Bank's policy in relation to lending rates 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...

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

Michael Noonan: I am advised by the Revenue Commissioners that as the Revenue Chairman stated before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform in January this year, Revenue is examining in detail the 2,500 highest risk cases which are those cases where there is a mismatch between the Department of Social Protection (DSP) pension information contained on Revenue's records and...