Results 6,701-6,720 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am advised by NAMA that 39 debtors and receivers rent one or more assets to State bodies. For a further breakdown relating to the rental by State bodies of properties under the control of NAMA debtors and receivers, the Deputy may wish to consider my response to a Parliamentary Question from Deputy Pat Deering (34483/12, 17th July 2012) on the same topic.

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

Michael Noonan: The most recent segmental analysis of the carrying value of NAMA’s loans is set out on page 95 of the Agency’s Annual Report and Financial Statements for the year ended 31 December 2011. NAMA currently splits its loan portfolio by Ireland, the UK and the rest of the World. The analysis indicates total loans and receivables before impairment of €28.4 billion,...

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

Michael Noonan: I am advised by NAMA that it seeks to capture income generated by assets under the control of its debtors. Separately, it permits appropriate overheads where necessary for the preservation and enhancement of the value of property securing its loans. Overhead costs typically fall into two categories: (1) Cost associated with the repair and maintenance of properties, insurance premia, local...

Written Answers — Department of Finance: Tax Code (20 Sep 2012)

Michael Noonan: It is assumed that the threshold for the proposed new tax rates mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of the introduction of each of the...

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Sep 2012)

Michael Noonan: The Government is aware of the financial stress that some households are facing arising from difficulty in meeting their mortgage commitments. Mortgage holders who are in difficulty with their mortgage obligations in respect of their primary residence have significant protections available to them under the Central Bank’s Code of Conduct on Mortgage Arrears. In addition, the...

Written Answers — Department of Finance: Tax Clearance Certificates (20 Sep 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that they are awaiting the person’s Income Tax return for 2011. Notice of assessment for 2011 will be issued on receipt of the tax return.

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael Noonan: I fully support the swift and decisive actions of the National Asset Management Agency, NAMA, in dealing with this allegation as there should be no question but that NAMA employees are working in the best interest of the taxpayer. NAMA became aware of the particular transaction involved on 2 August 2012. On 3 August 2012, NAMA instructed its internal auditors, Deloitte, to carry out a...

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael Noonan: When the Garda is investigating a matter and when it is clear it may become sub judice, everyone should be careful with the allegations they make. The Deputy has made several statements that are not correct. First, NAMA did not delay when this matter was brought to its attention. It first heard of this particular house purchase on 2 August. On 3 August, the day after, it got its internal...

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael Noonan: No, it concerned the sale of a house. I have described what disclosures have to be made.

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael Noonan: No, the Deputy should not interrupt me and allow me to put the facts on the record. He has made allegations which are not correct.

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael Noonan: The more serious matter was discovered in the course of the Deloitte evaluation of what happened. It was then the transmission of data was discovered which was subsequently referred to the Garda Síochána. On 3 August, NAMA had no idea there was another potential offence involving the transmission of confidential data. There was no delay in dealing with the matter subsequently...

Written Answers — Department of Finance: Insurance Coverage (25 Sep 2012)

Michael Noonan: At the outset, the Deputy should note that in my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. The Central Bank has...

Written Answers — Department of Finance: Fuel Rebate Scheme (25 Sep 2012)

Michael Noonan: As the Deputy is aware a working group was set up between officials of my Department, the IRHA and members of the Oireachtas. This working group had a series of meetings to discuss issues of concern to the haulage industry. I have recently received a submission from the group and I am considering the matters raised.

Written Answers — Department of Finance: Pension Provisions (25 Sep 2012)

Michael Noonan: I understand that the Deputy is referring to a query from a constituent regarding an approved minimum retirement fund (AMRF). AMRFs form part of the options introduced by Finance Act 1999 to provide control, flexibility and choice to certain individuals in relation to the drawing down of benefits from their pension plans. Prior to that Act, any person taking a pension under a defined...

Written Answers — Department of Finance: Tax Code (25 Sep 2012)

Michael Noonan: Ireland, as with other countries, has experienced an increase in fuel prices. This increase is an international phenomenon. Fuel prices are 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 — Department of Finance: Tax Yield (25 Sep 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant information available is in respect of income tax paid by individuals engaged in specialist medical practice activities. Hospital consultantsare classified on tax records as a constituent of specialist medical practice activities and are classified within the same economic sector as certain other health-related services, such as...

Written Answers — Department of Finance: Tax Code (25 Sep 2012)

Michael Noonan: I am assuming that the reference to “further measures announced in Budget 2012 with respect to the treatment of non-residents for tax purposes” refers to the amendment to the Domicile Levy legislation announced in Budget 2012 and implemented in section 136 Finance Act 2012. The Domicile Levy was introduced in Finance Act 2010 and was charged on an individual: - who in any year...

Written Answers — Department of Finance: Income Statistics (25 Sep 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated number of income earners earning more than €80,000 per year, estimated by reference to the income tax year 2012, is 180,100 and the corresponding number earning more than €100,000 per year is 104,600. Numbers are rounded to the nearest hundred. The figures are an estimate from the Revenue tax-forecasting model using...

Written Answers — Department of Finance: Tax Credits (25 Sep 2012)

Michael Noonan: I propose to take Questions Nos. 100 and 101 together. I am informed by the Revenue Commissioners that the most recent basic data available on the number of taxpayers availing of the home carer tax credit is in respect of the income tax year 2010. There were 77,600 taxpayers availing of the home carer tax credit in 2010, of which 12,800 had a gross income of €80,000 and over. The...

Written Answers — Department of Finance: NAMA Staff Unauthorised Disclosures (25 Sep 2012)

Michael Noonan: I am advised that the unauthorised disclosure was notified to the Office of the Data Protection Commissioner on 12 September 2012. I am advised also that NAMA has instituted legal proceedings against the former employee and his spouse seeking a number of reliefs, including an injunction to prevent them from using, disclosing and/or dealing with confidential information. NAMA is also...