Results 6,681-6,700 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Treasury Management Agency Bond Issues (18 Sep 2012)

Michael Noonan: I am advised by the National Treasury Management Agency (NTMA) that in general, and in line with other sovereign issuers, the NTMA aims to issue debt instruments which are liquid, transparent and can be readily priced and understood. These key features assist in attracting a wider pool of investors which is beneficial both in terms of volume and price. Debt instruments based on esoteric...

Written Answers — Department of Finance: State Bodies Expenditure (18 Sep 2012)

Michael Noonan: The information requested by the Deputy is as follows: New Economy and Recovery Authority (NewERA) was established within the National Treasury Management Agency (NTMA). It has not yet been set up as a statuary body. The Irish Fiscal Advisory Council was established on a non-statutory basis on 7 July 2011 as part of a wider agenda of reform of Ireland’s budgetary architecture. The...

Written Answers — Department of Finance: Land Acquisition (18 Sep 2012)

Michael Noonan: The Minister for Public Expenditure and Reform has asked me to respond to the above question in respect of my Department. No such payments have been made by my Department or by the Offices and Agencies under the remit of my Department during 2010 or 2011. I also note that payments made as part of the normal commercial business of the banks under State ownership do not constitute State...

Confidence in the Minister for Health: Motion (Resumed) [Private Members] (19 Sep 2012)

Michael Noonan: Prior to the election in February of last year Fianna Fáil-led Governments had controlled the Department of Health for 14 years in a row. The Ministers for health were the former Leader of the Progressive Democrats, Mary Harney, former Taoiseach, Brian Cowen and current leader of Fianna Fáil, the architect of the Health Service Executive, Deputy Micheál Martin. Fianna...

Confidence in the Minister for Health: Motion (Resumed) [Private Members] (19 Sep 2012)

Michael Noonan: It was not mismanaged by neophytes, rather it was run by some of Fianna Fáil's leading lights together with former Deputy Mary Harney. Fianna Fáil has tabled this motion of no confidence in the Minister for Health, Deputy James Reilly having left behind a shambles after 14 years in office. In 1997 there were 65,000 people working in the health services. When Fianna Fáil...

Confidence in the Minister for Health: Motion (Resumed) [Private Members] (19 Sep 2012)

Michael Noonan: Fianna Fáil is now blaming the Minister, Deputy Reilly, for trying to sort it out.

Confidence in the Minister for Health: Motion (Resumed) [Private Members] (19 Sep 2012)

Michael Noonan: In just 18 months, Minister Reilly has a considerable record of achievement with a more than 20% reduction year on year in the number of patients on trolleys, a reduction from an all time high of 569 patients on 5 January 2011 to 139 on 7 September 2012, which is a 75% reduction; overall surgical waiting list numbers have decreased by 7% while the number of people waiting over 12 months has...

Confidence in the Minister for Health: Motion (Resumed) [Private Members] (19 Sep 2012)

Michael Noonan: There will be new rostering arrangements for consultants and more flexible working arrangements to cover 24/7 services and lower levels of pay for new entrants to the consultant grades. These reforms are essential to generate additional savings under the existing agreements with radiologists and other grades. Fianna Fáil should pack up its tents, apologise to the Minister, move the...

Written Answers — Department of Finance: Black Economy Issues (19 Sep 2012)

Michael Noonan: I propose to take Questions Nos. 53 and 54 together. I am advised by the Revenue Commissioners that their tax and duty compliance programmes are under constant review to ensure that they are focussed on the areas of greatest risk, including risks from the shadow economy. The hidden economy includes the suppression of sales, wages and income by registered businesses, fraudulent repayment...

Written Answers — Department of Finance: Tax Reliefs Availability (19 Sep 2012)

Michael Noonan: I propose to take Questions Nos. 55 to 57, inclusive, together. As regards tax reliefs currently available, a comprehensive summary of these was provided yesterday in my reply to PQ 38291/12 and a copy of this reply is provided for the Deputy’s information. That reply contains details, as advised to me by the Revenue Commissioners, of the total identifiable costs to the Exchequer...

Written Answers — Department of Finance: Tax Reliefs Availability (19 Sep 2012)

Michael Noonan: Persons chargeable to tax on their farming profits may claim a farm buildings allowance for capital expenditure on the construction of farm buildings (other than buildings used as a dwelling) and certain other works. The cost is written off at the rate of 15% of the cost in each of the first 6 years with the remaining 10% in year 7. This compares favourably with other allowances for...

Written Answers — Department of Finance: Mortgage Interest Relief Extension (19 Sep 2012)

Michael Noonan: The position is that in Budget 2012, the Government fulfilled its commitment contained in the Programme for Government to increase the rate of mortgage interest relief to 30 per cent 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...

Written Answers — Department of Finance: Tax Yield (19 Sep 2012)

Michael Noonan: I assume the Deputy is seeking an estimate of the yield that would accrue to the Exchequer, should all of the tax reliefs specified for the purposes of the restriction of reliefs be abolished. The most recent report by the Revenue Commissioners analysing the high income individuals' restriction is in respect of the 2010 tax year. This report was published by my Department early last month...

Written Answers — Department of Finance: Tax Yield (19 Sep 2012)

Michael Noonan: I assume the Deputy has in mind a 1 percentage point increase in the rate of Universal Social Charge (USC) applying to incomes exceeding €100,000 in the manner indicated in the question. The Universal Social Charge (USC) is an individualised charge and as such the yield is calculated for individual incomes of more than €100,000 rather than dual incomes of more than...

Written Answers — Department of Finance: Public Sector Staff Issues (19 Sep 2012)

Michael Noonan: The Revenue Commissioners is an integrated tax and customs administration. They currently employ 5,718 staff across their nine main business programmes. All of the staff assigned to these programmes support, in varying degrees, the central and overarching programme of "tax collection". There are no staff specifically assigned to the collection of capital taxes, such taxes are encompassed...

Written Answers — Department of Finance: Ministerial Staff (19 Sep 2012)

Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011, the following staff have been appointed to my private office: GRADE SALARY SCALE (per annum) Wholetime Equivalent 1 Private Secretary €33,247 - €58,294 1.00 2 Executive Officers (EO) €29,024 - €47,379 1.00 1 Clerical Officer (CO) €23,177- €37,341 1.00 2 Clerical Officers (CO)...

Written Answers — Department of Finance: Tax Rebates (19 Sep 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that a tax refund for 2011 issued to the person concerned on 3 September 2012.

Written Answers — Department of Finance: Tax Rebates (19 Sep 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that a tax refund for 2011 issued to the person concerned on 3 September 2012.

Written Answers — Department of Finance: Tax Code (19 Sep 2012)

Michael Noonan: A widowed person in receipt of a gross income of €20,000 would be chargeable to both Income Tax and Universal Social Charge for the year 2012. These would be determined as follows: Income Tax (PAYE) Liability:- Income: €20,000 Tax payable 20,000 @ 20% = €4,000 Less: - . Personal Credit €2,190* PAYE Credit €1,650 Age Tax Credit €245 Total...

Written Answers — Department of Finance: NAMA Debtors (20 Sep 2012)

Michael Noonan: NAMA advises that performance status is determined on a loan by loan rather than a debtor by debtor basis. Details on the percentage of performing loans are set out on a quarterly basis in NAMA's Section 55 Report. The most recent report that is publicly available covers the three months to end-March 2012 and is available on NAMA's website, www.nama.ie. NAMA advises that it captures income...