Results 8,061-8,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation (29 Nov 2012)

Michael Noonan: As the Deputy is aware, the Government decided that without prejudice to the policy decisions, the Revenue Commissioners will be responsible for collecting the Local Property Tax when it is introduced. The Revenue Commissioners are actively planning for the implementation of the tax to include collection mechanisms from all liable persons. The details of the administration of Local...

Written Answers — Department of Finance: Banking Sector Remuneration (29 Nov 2012)

Michael Noonan: I can now inform the Deputy that I have received the information which he requested and apologise for the delay in procuring this information from the covered institutions. The responses I have received from each institution are set out below: PTSB I have been informed by PTSB that it has not made any such contributions in the period while it was in state ownership. IBRC Since...

Written Answers — Department of Finance: Banking Sector Legal Cases (29 Nov 2012)

Michael Noonan: The covered institutions have provided me with the following information. Bank of Ireland Due to commercial confidentiality and sensitivities in respect of individual client cases, Bank of Ireland is not in a position to provide a breakdown of the type requested. Relevant disclosures in respect of legal cases involving Bank of Ireland are publicly available through the Courts Service...

Written Answers — Department of Finance: Credit Unions Regulation (29 Nov 2012)

Michael Noonan: Credit unions already have access to payments infrastructure, via providers such as BOI, AIB and BNP. I am aware that the Irish League of Credit Unions is seeking to enter this market on a commercial basis via its Credit Union Service Organisation for Payments (CUSOP) project. The latest ILCU Annual Report sets out the details of this project, which requires authorisation from the Central...

Written Answers — Department of Finance: Mortgage Arrears Resolution Process (29 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 73 to 83, inclusive, together. The Central Bank has informed me that it does not track the number of borrowers falling within the MARP process but does track the number of alternative arrangements, and the nature of the arrangement, put in place across the regulated industry and which is published quarterly by the Central Bank. The Central Bank Code of...

Written Answers — Department of Finance: Illicit Trade in Tobacco (4 Dec 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 multifaceted. It includes ongoing analysis of the nature and extent of the problem, developing and...

Written Answers — Department of Finance: Fuel Laundering (4 Dec 2012)

Michael Noonan: I am informed by the Revenue Commissioners, who have responsibility for mineral oil tax, that meetings on co-ordinating the response to fuel laundering and illicit fuel take place between relevant Government departments and agencies and their counterparts in Northern Ireland on a regular basis under the auspices of the Cross Border Fuel Fraud Enforcement Group. Agencies involved in this...

Written Answers — Department of Finance: Pension Provisions (4 Dec 2012)

Michael Noonan: The Deputy’s previous question related to a proposal from IBEC to allow access to certain pension savings on a pre-retirement basis which would represent a move from current principles and practice. The IBEC proposal is being examined as outlined in my reply. The circumstances outlined in the “details supplied” with this question appear to relate to the options...

Written Answers — Department of Finance: Financial Services Regulation (4 Dec 2012)

Michael Noonan: I am informed by AIB that in 2007 the AIB Alpha Japan Fund was established to invest in the Japanese property market. The fund closed its fundraising on 3 May 2007 at which time a total of approximately €128 million had been committed by investors to the fund. The number of customers involved has not been publicly disclosed. The fund was sold to investors through a process that...

Written Answers — Department of Finance: Banking Sector Remuneration (4 Dec 2012)

Michael Noonan: As I informed the House, I am expecting the consultant’s report on a Review of Remuneration Practices and Frameworks at the Covered Institutions to be delivered by year end, whereupon consultations with the various stakeholders will commence. I fully recognise that there is a real public interest in the levels of remuneration at the covered institutions and I have committed to...

Written Answers — Department of Finance: Illicit Trade in Tobacco (4 Dec 2012)

Michael Noonan: Section 119, as amended, of the Finance Act 2001 contains penalties for offences in relation to cigarette smuggling. That section sets out the various actions that constitute offences of evasion or attempted evasion of excise duty, as well as the penalties, by way of a fine or imprisonment, for such offences. Where a conviction for an offence under section 119 occurs following a summary...

Written Answers — Department of Finance: Vehicle Registration Tax (4 Dec 2012)

Michael Noonan: As the Deputy will be aware, my Department engaged in a consultation process with the motor industry and others in relation to restucturing of VRT and motor tax. In addition, a number of proposals were submitted for consideration by the industry in relation to the registration of motor vehicles. The outcome of the consultation will form the basis of decisions to be taken in the context of...

Written Answers — Department of Finance: Capital Expenditure (4 Dec 2012)

Michael Noonan: The Capital Budget on my Vote Group is allocated as follows: - Office of the Revenue Commissioners - €4.85 million - Office of the Minister for Finance - €0.15 million My Department expects to use its allocation in December. The Office of the Revenue Commissioners has indicated that variance against profile in October is a timing issue. It is expected that the full...

Written Answers — Department of Finance: Financial Services Ombudsman (4 Dec 2012)

Michael Noonan: The information requested by the Deputy has been supplied by the Financial Services Bureau and is set out below in tabular form. As the Deputy is aware, the Financial Services Ombudsman is independent in the performance of his duties. Year New Complaints Received Upheld /Part Upheld 2007 4374 378 2008 5947 417 2009 7619 922 2010 7230 613 2011 7287 828 2012 7462 757

Written Answers — Department of Finance: Banking Sector Remuneration (4 Dec 2012)

Michael Noonan: As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes. We have received over 50...

Written Answers — Department of Finance: Departmental Agencies (4 Dec 2012)

Michael Noonan: I refer the Deputy to my reply to his question on the pension entitlements of the Chief Executives of the National Treasury Management Agency (NTMA) and National Asset Management Agency (NAMA) to which I replied as follows on Thursday, 29 November 2012 – "The Chief Executives of the NTMA and NAMA are members of the NTMA defined benefit superannuation scheme. Pension benefits for...

Written Answers — Department of Finance: AIB Consultancy Contracts (4 Dec 2012)

Michael Noonan: The Deputy will be aware that the Bank’s policy in relation to professional fees 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...

Written Answers — Department of Finance: Tax Collection (4 Dec 2012)

Michael Noonan: I am advised by the Revenue Commissioners that customers can use both debit and credit cards to make tax payments via Revenue’s Online Service (ROS). This is an internet facility that provides tax payers with a secure and efficient facility to pay tax liabilities and file tax returns. The debit and credit cards that can be used to make tax payments via ROS are VISA, MasterCard and...

Written Answers — Department of Finance: Budget 2012 (4 Dec 2012)

Michael Noonan: With regard to budgetary matters, when focusing on the primary objectives of reducing the deficit and returning sustainability to the public finances, it has been of vital importance to the Government to spread the burden of the adjustments made in as fair and equitable a manner as possible, while also seeking to minimise their negative impact on economic growth. A distributional analysis of...

Written Answers — Department of Finance: Mortgage Debt (4 Dec 2012)

Michael Noonan: I have received the following response from Bank of Ireland:- Bank of Ireland has given very comprehensive mortgage disclosures in its recent annual and interim accounts, and the Interim Management Statement (IMS) dated 13 November. It has provided additional mortgage related disclosure as part of its response to Parliamentary Question Number 51262. Specifically, Bank of Ireland has given...