Results 8,721-8,740 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Staff (30 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 65, 66 and 68 together. The number of staff in the SMU is 25. Of this number, 10 are on secondment from the NTMA and 10 are Department of Finance employees. The secondment of NTMA employees is not time limited as the NTMA Banking Unit was seconded to my Department for so long as is required by the Department to fulfil its functions in respect of the banking...

Written Answers — Department of Finance: Departmental Staff Numbers (30 Jan 2013)

Michael Noonan: The number of staff seconded from the National Treasury Management Agency (NTMA) into my Department was as follows - 2009 2010 2011 2012 0 0 9 12 Note: these are year-end numbers. There were three additional secondments during 2012 to replace staff on secondment to my Department who resigned from the NTMA in the course of the year.

Written Answers — Department of Finance: National Treasury Management Agency (30 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 69 and 76 together. I am informed by the National Treasury Management Agency (NTMA) that NTMA employees have notice periods of one or three months and six months in the case of the Chief Executive. I understand the Chief Executive of the Agency is reviewing NTMA policy in this area. All NTMA employees are subject to section 14 of the National Treasury...

Written Answers — Department of Finance: Tax Collection (30 Jan 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the taxpayer in question has been issued with a Tax Credit Certificate for 2013 on a separate assessment basis showing tax credits of €3,300 per annum. However he should correctly be on a Joint assessment basis with a married tax credit. An amended tax credit certificate is being issued to give effect to this. His tax credits will then...

Written Answers — Department of Finance: Property Taxation (30 Jan 2013)

Michael Noonan: The position for 2014 is as outlined by the Deputy in his question. Section 960A of the Taxes Consolidation Act 1997 [as amended by the Finance (Local Property Tax) Act 2012] provides that Local Property Tax is a tax due and payable to the Revenue Commissioners and therefore by virtue of Section 960D of the Taxes Consolidation Act 1997, a debt due to the Minister for Finance for the benefit...

Written Answers — Department of Finance: NAMA Portfolio (30 Jan 2013)

Michael Noonan: I am advised by NAMA that the information sought by the Deputy is of a commercial nature and that its disclosure would potentially place NAMA at a commercial disadvantage. I am advised accordingly by NAMA that it is precluded from providing the information.

Written Answers — Department of Finance: European Financial Stability Facility (30 Jan 2013)

Michael Noonan: At the meetings of Eurogroup and ECOFIN Finance Ministers on 21 and 22 January 2013, respectively, it was agreed that the requests by Portugal and Ireland for an extension of maturities would be considered by senior officials and would then come back to Finance Ministers for further consideration. In my comments to the media following these meetings I made the point that it would be...

Written Answers — Department of Finance: Promissory Notes (30 Jan 2013)

Michael Noonan: As the deputies are aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt with our European partners and detailed work will continue to ensure that positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer. This work is one of the Government’s key priorities and will remain a key focus during the EU presidency. ...

Written Answers — Department of Finance: European Stability Mechanism (30 Jan 2013)

Michael Noonan: As I outlined in my reply to similar question from the Deputy yesterday, Ireland is entering the final year of our EU/IMF programme of financial assistance and we are preparing to exit that programme. By way of information, both the IMF and the European Stability Mechanism (ESM) can provide precautionary financial assistance. The ESM Treaty provides, in Article 14, that the Board of...

Written Answers — Department of Finance: Bank Debt Restructuring (30 Jan 2013)

Michael Noonan: The sale of loan portfolios is a commercial matter for the management and the Board of the Institutions. I have a limited role in this function. Allied Irish Banks (AIB) informs me that it has sold mortgage portfolios as part of its continuing strategy to meet non-core deleveraging targets set out by the Central Bank of Ireland as part of PLAR 2011 and to assist with viability enhancing...

Written Answers — Department of Finance: Parliamentary Questions (30 Jan 2013)

Michael Noonan: The reply to this parliamentary question issued from my office today. As I indicated to the Deputy in my response to parliamentary question number 2018/13, several factors contributed to the delay in replying to this parliamentary question. The scope of the question, both in terms of the number of calendar years included in the request, the inclusion of bodies and state agencies under the...

Written Answers — Department of Finance: Tax Rebates (31 Jan 2013)

Michael Noonan: Cohabiting couples are not recognised for the purposes of income tax law and are treated as separate and unconnected individuals. The social welfare circumstances of one partner have no bearing on the tax position of the other.

Written Answers — Department of Finance: EU-IMF Agreement (31 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 59 to 61, inclusive, together. Following the eighth review mission in October 2012 the EU/IMF delegation proposed to supply a document outlining certain options concerning Ireland’s exit from the Programme of Financial Support. My Department has received a technical document which will form the basis of the discussions during the current 9th review...

Written Answers — Department of Finance: Property Taxation (31 Jan 2013)

Michael Noonan: The legislation governing Local Property Tax (LPT) is contained in Finance (Local Property Tax) Act 2012 and was signed into law by the President on 26 December 2012. The Act sets out how the tax is to be administered, how a residential property is to be valued for LPT purposes and provides for the making of a Revenue Estimate. I am informed by the Revenue Commissioners that they are...

Written Answers — Department of Finance: Departmental Agencies (31 Jan 2013)

Michael Noonan: The following table is the response to the Deputy’s question. Name of Body No of vacancies and date vacancy arose No of advertised vacancies No of applications received Central Bank Commission 1 vacancy (31st Dec 2011) Expressions of interest sought Approximately 19 National Treasury Management Agemcy Advisory Committee Three vacancies 1 from 01 May 2012 2 from 01 Jan 2012...

Written Answers — Department of Finance: Fuel Rebate Scheme (31 Jan 2013)

Michael Noonan: The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them. I will consider these proposals and the level of the rebate in the context of the...

Written Answers — Department of Finance: Tax Collection (31 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the latest relevant sector-based information available on income earners in the tax system is derived from income tax returns filed for the income tax year 2010 and represents about 95 per cent of all returns expected at the time the data was compiled for analytical purposes. The data relating to the public sector includes individuals in...

Written Answers — Department of Finance: Tax Yield (31 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the yield from Tobacco Products Tax and estimated VAT on tobacco products for the years 2008 to 2012 is as follows: Tobacco Products Tax VAT €m €m 2008 1,170 327 2009 1,216 314 2010 1,159 335 2011 1,126 302 2012 1,113 310 It should be noted that the 2012 figure for Tobacco Products Tax is provisional at this...

Written Answers — Department of Finance: Pension Provisions (31 Jan 2013)

Michael Noonan: The pension fund levy applies at a rate of 0.6% per annum to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy will operate for a period of 4 years only (2011 to 2014) and the legislative provisions giving effect to the levy (section 4 of Finance (No 2) Act 2011) were specifically drafted to...

Written Answers — Department of Finance: Property Taxation (31 Jan 2013)

Michael Noonan: I understand that the Deputy is asking about the process by which residential estates are classified as ‘unfinished estates’ for the purpose of exemption from the Local Property Tax. The Finance (Local Property Tax) Act 2012 sets out in detail how the tax is to be administered and provides how a residential property is to be valued for LPT purposes. The Act also provides for...