Results 8,181-8,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Contracts (12 Dec 2012)

Michael Noonan: In response to the Deputy's Question none of the work undertaken by officials of my Department is currently outsourced. In common with other Departments my Department undertakes functions in the areas of payroll, banking and financial management. These functions are currently being examined as part of an overall Civil Service approach to the feasibility of delivering these services on a...

Written Answers — Department of Finance: Banking Sector Remuneration (12 Dec 2012)

Michael Noonan: I have been informed by AIB that the statement made in the parliamentary question is incorrect. AIB's standard practice is to make payroll payments to the accounts of its employees regardless of which Bank they may be held in across the jurisdictions of Ireland and UK. The Bank does so on the basis of the instruction received from the employee who can change arrangements on request.

Written Answers — Department of Finance: Social Insurance Rates (12 Dec 2012)

Michael Noonan: The position is as I stated in my Budget day speech on 6 December 2012, that Minister Burton will bring forward legislation to change PRSI contributions as follows: - Where modified PRSI rate payers have income from a trade or profession, such income and any unearned income they have will be made subject to PRSI with effect from 1 January 2013. - Unearned income for all employees will...

Written Answers — Department of Finance: National Asset Management Agency (12 Dec 2012)

Michael Noonan: As at the 30th of June 2012 NAMA had assessed 800 Debtor Business Plans. NAMA advises me that 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 authority rates and...

Written Answers — Department of Finance: Banking Sector Regulation (12 Dec 2012)

Michael Noonan: I have been advised that IBRC issued proceedings on 27 November 2012 against the company referred to. These proceedings relate to the role of the company as auditors to Anglo Irish Bank Plc. prior to nationalisation. As this matter is now the subject of litigation, it would be inappropriate for me to comment further at this time.

Written Answers — Department of Finance: Mortgage Arrears (12 Dec 2012)

Michael Noonan: As I stated, on 28 November 2012, in reply to a question regarding this matter, the ‘Code of Practice on the Transfer of Mortgages’ is a voluntary code. The Code was issued by the Central Bank in 1991 to financial institutions involved in the provision and transfer of mortgage credit. A copy of the Code and a list of regulated financial institutions are available at...

Written Answers — Department of Finance: Banking Sector Remuneration (12 Dec 2012)

Michael Noonan: I am advised by IBRC that a large volume of information regarding remuneration structures across the Bank has been recently supplied as part of the Mercer Remuneration Review as commissioned by the Department of Finance. This information is currently being analysed as part of the review. I have committed to publishing the details underpinning the review in view of the public interest in the...

Written Answers — Department of Finance: Banking Sector Remuneration (12 Dec 2012)

Michael Noonan: I have been informed that it is not IBRC practice to separately breakdown the staffing cost element of its recharge to NAMA. As disclosed in the Bank’s 2012 Interim Report a total of 256 people either work directly in or provide support to the Bank’s NAMA unit. IBRC’s 2012 Interim Report, which covers the period from January to June 2012, disclosed that NAMA were...

Written Answers — Department of Finance: National Asset Management Agency (12 Dec 2012)

Michael Noonan: IBRC is an asset recovery bank authorised and licensed by the Central Bank of Ireland under the Central Bank Act 1971 as a credit institution and an insurance intermediary. In line with its banking peers IBRC’s current practice is to disclose information pertaining to the business on set reporting dates, twice annually.

Written Answers — Department of Finance: Banking Sector Regulation (12 Dec 2012)

Michael Noonan: The FOI Acts give a definition of “commercially sensitive information” as “information whose release could prejudice the competitive position of the organisation”. The pillar banks regularly supply information to my Department and the Central Bank and much of this information is described by the banks as commercially sensitive. In some cases, the banks may be...

Written Answers — Department of Finance: Banking Sector Regulation (12 Dec 2012)

Michael Noonan: I have been informed by IBRC that this information is commercially sensitive to its operation due to the Bank’s unique position in the Irish market place as an asset recovery bank in wind down and cannot be disclosed for this reason.

Written Answers — Department of Finance: Property Taxation (12 Dec 2012)

Michael Noonan: As I indicated in the Budget, the Local Property Tax will commence with effect from 1 July 2013 for the second half of the year. There will accordingly be a half year’s property charge in 2013. The estimated yield of €250 million from the Local Property Tax in 2013 is solely related to that tax – it is the “gross” yield, in terms of the question asked by...

Written Answers — Department of Finance: Property Taxation (12 Dec 2012)

Michael Noonan: The projections for revenue from the Local Property Tax (LPT) are based on a blended average of three approaches: An approach based on the data used in the Thornhill report updated to include regional variation in property prices; A similar approach based on data from the property price register; and: An approach based on the ESRI tax-benefit model ‘SWITCH’. The property...

Written Answers — Department of Finance: Departmental Staff Remuneration (12 Dec 2012)

Michael Noonan: My Department has not awarded temporary promotions or acting-up allowances to any staff member for Presidency related work.

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: I can confirm that, if the Finance (Local Property Tax) Bill 2012 is passed by the Oireachtas, the Household Charge of €100 will cease to be payable with effect from 1 January 2013. The Government has also decided that the Non-Principal Private Residence Charge will cease to be payable with effect from 1 January 2014. Residential properties rented by landlords will be subject to...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: The Finance (Local Property Tax) Bill 2012, as published, provides for exemptions from and deferral of payment of Local Property Tax in certain circumstances. In the case of properties which are owned by a local authority or a social housing body, the local authority or the social housing body, as the case may be, will be the liable person and will be responsible for registration for and...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: It is not proposed at this point to make amendments to the Finance (Local Property Tax) Bill on Committee Stage but I will give consideration to any constructive suggestions put forward during the debate in the House. As already advised to the Deputy, subject to the enactment of the Bill, in the case of properties which are owned by a social housing body, that body will be the liable person...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: Subject to enactment of the Finance (Local Property Tax) Bill 2012, the valuation mechanism for determining the value of social housing units that are relevant residential properties whether in the control of a local authority or an approved housing body will be as for any other relevant residential property within the charge to the tax and will based on chargeable value as set out in the...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: I am advised by the Revenue Commissioners, who will be responsible for the administration of the Local Property Tax, that, subject to enactment of the Finance (Local Property Tax) Bill 2012, guidelines will be published to enable liable persons to complete the property tax return and in particular to determine whether their property is an exempt property, including whether it qualifies for an...

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

Michael Noonan: I propose to take Questions Nos. 63, 64, 65 and 66 together. The details requested by the Deputy in relation to double taxation treaties that are in effect are shown on the table. To date, Ireland has signed 68 double taxation agreements, of which 61 are in effect. Revisions of existing treaties The existing treaties with Canada (2003) and the United States (1997) replace earlier agreements...