Results 7,561-7,580 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Liquor Licences (13 Nov 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the statistics provided below relate to Liquor Licences issued for the sale of liquor in the state up to 30th September 2012. “Off” Licences are issued either singularly such as “Wine Retailer’s Off Licence” or in combinations such as Spirits and/or beer, and/or wine. “Off” licences can also be...

Written Answers — Department of Finance: Tax Code (13 Nov 2012)

Michael Noonan: I wish to advise the Deputy that I am always willing to examine new sources of revenue whether presented by my own Department or from outside through the pre-Budget process. That said the Deputy should be aware that EU Directive 92/93, which governs the structure of alcohol taxation, requires that such taxes are applied by reference to the nature and strength of the product rather than the...

Written Answers — Department of Finance: Financial Services Regulation (13 Nov 2012)

Michael Noonan: The Central Bank has advised me that Section 52 (1) of Part V of the Consumer Credit Act 1995, as amended, states that "a consumer is entitled to discharge the consumer’s obligation under an agreement at any time before the time fixed by the agreement for its termination." This applies to any agreement other than a housing loan. Section 52 (3) of the Act states that “where the...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (13 Nov 2012)

Michael Noonan: I have been advised that IBRC cannot disclose details regarding individual appointments of advisors relating to any commercially sensitive areas of activity such as the ongoing analysis, sale or recovery of individual loans or loan portfolios. The Bank adheres to a structured procurement process for the appointment of all its advisors. This procurement process is open, objective and...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (13 Nov 2012)

Michael Noonan: I can confirm that the appointment of this person to IBRC does not in any way reflect a lack of confidence by me in the management or board of the bank. The appointment has proved to be very beneficial for both IBRC and my Department by improving communication between the organisations. I am fully confident in the management and the board of IBRC and I am satisfied that the new appointment is...

Written Answers — Department of Finance: Banks Recapitalisation (13 Nov 2012)

Michael Noonan: The requested institutions have supplied me with the following information: Subordinated Bonds under English Law subjected to Buy Backs 2010 €bn 2011 €bn Anglo Irish Bank 1.9 INBS 0.2 PTSB 0.9 AIB 4.6

Written Answers — Department of Finance: Sovereign Debt (13 Nov 2012)

Michael Noonan: Two of the NTMA’s borrowing programmes for the issuance of Irish Government debt are governed by English law, namely, the Euro Medium-Term Notes (EMTN) Programme, of which €96 million was outstanding at 31 October 2012, and the Euro Commercial Paper (ECP) Programme, of which €1.212 billion was outstanding at 31 October 2012.

Written Answers — Department of Finance: Banks Recapitalisation (13 Nov 2012)

Michael Noonan: I have been advised by IBRC of the following: The US$165m Subordinated Notes Series A due on 29 September 2015 currently bear interest at three month LIBOR plus 0.92% per annum. Interest payments made since 29 December 2010 to date are as follows: $504,411.60 29-Dec-10 $504,409.95 29-Mar-11 $517,595.10 29-Jun-11 $491,557.92 29-Sep-11 $536,043.85 29-Dec-11 $623,852.39 29-Mar-12 $586,390.75...

Written Answers — Department of Finance: Tax Reliefs (13 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the estimated cost to the Exchequer of all “legacy” property-related tax schemes in 2010, the latest year for which this information is available, was €327 million. It should be noted that any corresponding data returned by PAYE taxpayers in the income tax return (Form 12) is not captured in the Revenue computer system....

Written Answers — Department of Finance: State Banking Sector (13 Nov 2012)

Michael Noonan: The information is in the following table. Bank Public Interest Directors Date of Appointment/ Resignation Fees 2008 € Fees 2009€ Fees 2010 € Fess 2011€ Total € AIB Mr Dick Spring Mr Declan Collier January 2009 January 2009/ June 2012 26,000 29,000 47,000 40,000 59,000 71,000 132,000 140,000 EBS Mr Anthony Spollen Ms...

Written Answers — Department of Finance: Motor Taxation (13 Nov 2012)

Michael Noonan: I am advised by the Revenue Commissioners that Section 134(1) of the Finance Act, 1992 provides for the registration of vehicles without payment of Vehicle Registration Tax (VRT) in a range of circumstances such as transfer of residence, transfer of business, inheritance and diplomatic relief. Section 141(3) of the same Act provides that regulations may be made by the Minister to give effect...

Written Answers — Department of Finance: Illicit Trade in Tobacco (13 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax and for tackling the illicit trade in cigarettes and tobacco products, that they attach a high priority to this issue. The strategy employed by Revenue to tackle this illicit trade is multi-faceted: it includes ongoing analysis of the nature and extent of the problem, developing and...

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: It is also a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: The position is that both income tax and Universal Social Charge (USC) are chargeable where a permanently incapacitated minor child is in receipt of income by virtue of a deed of covenant from a person who is not his or her parent. The income is chargeable to tax and USC in the hands of the recipient. I am informed by the Revenue Commissioners that information on the yield of USC from the...

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. USC receipts form part of income tax and are paid into the Central Fund. They are therefore available, along with other sources of tax revenue, non-tax revenue and...

Written Answers — Department of Finance: Social Insurance Refunds (13 Nov 2012)

Michael Noonan: I have been advised that the matter is under active investigation by the Department of Social Protection and they will contact the individual directly on the matter.

Written Answers — Department of Finance: Mortgage Arrears (13 Nov 2012)

Michael Noonan: While the Central Bank collects and publishes data of the amount of residential mortgage lending and the arrears position in respect of such lending, neither the Bank nor my Department collects or has access to the further data that would be necessary to provide an answer to the question submitted by the Deputy.

Written Answers — Department of Finance: Public Sector Staff (13 Nov 2012)

Michael Noonan: Staff at all levels in the Department, together with staff representatives and management have the opportunity to contribute through the normal industrial relations framework i.e. Departmental Council which is part of the Conciliation and Arbitration Scheme for the Civil Service. Staff also contribute to reform and change in their respective areas as part of the ongoing transformation...

Written Answers — Department of Finance: Pension Provisions (13 Nov 2012)

Michael Noonan: In reply to the Deputy’s question, there are no funded semi-state company pension schemes under the aegis of my Department.

Credit Union Bill 2012: Second Stage (Resumed) (14 Nov 2012)

Michael Noonan: I thank all the Deputies who contributed to this very constructive Second Stage debate in which the importance of the credit union movement in Ireland was highlighted. As stated in my initial contribution, the Credit Union Bill 2012 is an important step towards placing the Irish credit union movement on a sustainable path for the longer term. The Government recognises the importance of the...