Results 6,181-6,200 of 27,019 for speaker:Michael Noonan
- Written Answers — Job Assist Scheme: Job Assist Scheme (28 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 in relation to the numbers of employees and employers who availed of the Revenue Job Assist scheme for the income tax years 2010 and 2011 respectively, the latest years for which the...
- Written Answers — Departmental Staff: Departmental Staff (28 Jun 2012)
Michael Noonan: The management of sick leave is taken most seriously in my Department, and the procedures in place, and entitlements to sick leave (including the applicable limits), are as set out in my Department's Circular 09/2010 - Management of Sick Leave. Sick leave absences and any patterns emerging are monitored and analysed through my Department's Human Resources Management System (HRMS), using...
- Written Answers — Public Sector Reform: Public Sector Reform (28 Jun 2012)
Michael Noonan: The Integrated Progress Report on the Action Plan for my Department and its agencies under the Croke Park Agreement is available on www.finance.gov.ie. It outlines the summary of main progress achieved in the 12 month period 1 April 2011 to 31 March 2012 among them being the appointment of a new Secretary General in March 2012. Following this appointment, the Department was restructured. ...
- Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (3 Jul 2012)
Michael Noonan: I have been advised by the Revenue Commissioners that the Tax Credit Certificate issued on 19 December 2011, notifying the taxpayer's respective employers of the relevant tax credits, tax rate bands and Universal Social Charge rate bands is in accordance with the taxpayer's entitlements as claimed.
- Written Answers — Tax Code: Tax Code (3 Jul 2012)
Michael Noonan: I propose to take Questions Nos. 180 and 204 together. 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. It is possible for Ireland to apply the zero rate to printed books because...
- Written Answers — Proposed Legislation: Proposed Legislation (3 Jul 2012)
Michael Noonan: The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that business is based. The existing betting duty (1%) will be applied to such...
- Written Answers — Irish Language: Irish Language (3 Jul 2012)
Michael Noonan: In response to the Deputy's question the total amount of expenditure by my Department on providing services through the Irish language for the period in question is â¬16,860.19. This expenditure relates to the translation of the budgets and white papers for each of the years in question and the cost translation of the four year plan. The following table outlines the expenditure for the...
- Written Answers — Credit Availability: Credit Availability (3 Jul 2012)
Michael Noonan: As I stated in my reply to PQ 163 of 28 February 2012, the banking system restructuring plan creates capacity for the two Pillar Banks, Bank of Ireland and AIB, to provide lending in excess of â¬30 billion in the next three years. SME and new mortgage lending for these banks is expected to be in the range of â¬16-20bn over this period. This lending capacity is incorporated into the banks'...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: As previously advised to the Deputy, 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...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: NAMA has advised me that the information sought by the Deputy is commercially sensitive me but also that the instances are few where NAMA has provided this facility. Disclosure of the information would undermine NAMA's future negotiation position in respect of the disposal of residential properties under the control of its debtors and receivers and could thereby reduce the realised proceeds...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: I can advise the Deputy that there were commitments on NAMA in previous Troika documentation. The May 2011 Memorandum of Understanding with the Troika included a target for the disposal of assets by NAMA by the end of 2013. The NAMA Board had set a target of repaying â¬7.5bn of the NAMA Senior Bonds in issue by the end of 2013. In the most recent meetings with the Troika it was agreed that...
- Written Answers — Tax Yield: Tax Yield (3 Jul 2012)
Michael Noonan: I am advised by the Revenue Commissioners that the information requested in respect of the top 10,000 income earners, estimated by reference to the income tax year 2012, is as follows: Top 10,000 income earners Gross income â¬5,959 million Average earnings â¬595,900 Amount of income tax â¬1,715 million Effective tax rate 29% It should be noted that the figures for tax and effective...
- Written Answers — Tax Yield: Tax Yield (3 Jul 2012)
Michael Noonan: I propose to take Questions Nos. 188 to 190, inclusive, together. I am advised by the Revenue Commissioners that the information requested in respect of the top 1% of income earners, top 10% of income earners and the top 20% of income earners estimated by reference to the income tax year 2012, are set in the following table: Top 1% of income earners Top 10% of income earners Top 20% of...
- Written Answers — Tax Yield: Tax Yield (3 Jul 2012)
Michael Noonan: I am advised by the Revenue Commissioners that the number of income earners earning more than â¬100,000 per year, estimated by reference to the income tax year 2012, is 113,500. As the Deputy is aware, the top rate of income tax is 41 per cent, which applies to single individuals earning in excess of â¬32,800, married one-earner couples earning in excess of â¬41,800 and married...
- Written Answers — Legal Cases: Legal Cases (3 Jul 2012)
Michael Noonan: In response to the Deputy's question the following table gives the details requested by the Deputy. The information has been provided by the Chief State Solicitors Office using the Chief State Solicitors Office/ Attorney Generals Office case management system which includes all cases where the Department of Finance or Minister is listed as a client of the Chief State Solicitor's or Attorney...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: I am advised by NAMA that it acquired loans secured on this property in December 2010; that the property, comprising two-bedroom duplex units and three-bedroom apartments, was poorly constructed, had been subject to continuous vandalism and anti-social behaviour, including the removal of all fixtures and fittings; and had become a significant source of concern for neighbouring residents. I...
- Written Answers — Departmental Staff: Departmental Staff (3 Jul 2012)
Michael Noonan: The following table outlines the details of allowances paid out in my Department between pay period 2011/27 and 2012/27: Pay Code Description Total Allowance subject to Tax Higher Duty Allowance Pre 95 21339.91 Y Assistant Head Service Officer Allowance 2653.36 Y Footwear Allowance 2405.00 N Franking Machine Allowance 1818.96 Y Delegates Allowance 49174.73 Y Higher Duty Allowance...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: In agreeing to requests for rent abatements from its debtors, NAMA must in all instances be cognisant of the overriding requirement to preserve the value of collateral supporting its loans. The Agency seeks to ensure this by implementing rent abatements under the terms set out in its Guidance Note on Upwards Only Commercial Leases, which is available on its website, www.nama.ie. The terms...
- Written Answers — National Asset Management Agency: National Asset Management Agency (3 Jul 2012)
Michael Noonan: It is important to point out that NAMA has placed no such requirement on any tenant nor has it requested a rent increase in any case. I presume the Deputy is referring to specific commercial lease terms entered into freely by a tenant and landlord and which are better addressed between the parties. As previously advised to the Deputy, NAMA has acquired loans from the five participating...
- Written Answers — Tax Rebates: Tax Rebates (3 Jul 2012)
Michael Noonan: I have been advised by the Revenue Commissioners that tax and Universal Social Charge refunds will issue to the person concerned shortly.