Results 9,821-9,840 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Thalidomide Victim Compensation (14 Mar 2013)

Michael Noonan: The National Treasury Management Agency is designated as the State Claims Agency when performing the claims management and related risk management functions delegated to it. I, as Minister for Finance, formally delegated the management of thalidomide claims to the State Claims Agency through the National Treasury Management Agency (Delegation of Claims Management Function) (Amendment) Order...

Written Answers — Department of Finance: Tax Rebates (14 Mar 2013)

Michael Noonan: Income tax relief in respect of health expenses is allowable in accordance with section 469 of the Taxes Consolidation Act 1997. This legislation provides for tax relief for health expenses incurred in the provision of health care. Health care is defined for the purposes of that legislation as the prevention, diagnosis, alleviation or treatment of an ailment, injury, infirmity, defect or...

Written Answers — Department of Finance: NewEra Remit (20 Mar 2013)

Michael Noonan: The Government announced the establishment of the New Economy and Recovery Authority (NewERA) within the National Treasury Management Agency (NTMA) in September 2011. NewERA has a centralised shareholder advisory role from a financial and commercial perspective in respect of corporate governance matters for five commercial semi-state companies: ESB, Bord Gais Eireann, EirGrid, Bord na Mona...

Written Answers — Department of Finance: Universal Social Charge Exemptions (20 Mar 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that contact has been made with the pension provider, who has advised that the person concerned is exempt from the Universal Social Charge (USC) on their pension. An amended tax credit and USC certificate will issue shortly to the pensioner provider. On receipt of the revised certificate the pension provider will refund any USC deducted for 2013.

Written Answers — Department of Finance: Property Taxation Application (20 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) (Amendment) Act 2013 on 13 March introduced a number of amendments to the original Act, including the relief referred to by the Deputy. Section 15A of the Finance (Local Property Tax) Act 2012 (as amended) provides for a reduction in the market value of a residential property that has been adapted for occupation by a disabled person where the adaptation has...

Written Answers — Department of Finance: Tax Forms (20 Mar 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that Form P60 was submitted by the taxpayer on 1 March 2013. The review for 2012 has been processed and a P21 issued to the spouse of the person concerned on 13 March 2013.

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 187, 188 and 191 together. The Code of Conduct on Mortgage Arrears (CCMA) states that a lender must use a standard financial statement to obtain financial information from a borrower in arrears or in pre-arrears. A lender’s Arrears Support Unit must base its assessment of the borrower’s situation on the full circumstances of the borrower...

Written Answers — Department of Finance: EU-IMF Programme of Support Negotiations (20 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 189 and 190 together. Ireland’s EU-IMF programme provides for total funding of €85 billion, made up of €17.5 billion from our own resources, and €67.5 billion from EU facilities, the IMF and bilateral loans. There are quarterly reviews of programme implementation, and we have met all our target for these review to date. Our...

Written Answers — Department of Finance: Credit Availability (20 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 192 to 194, inclusive, together. The Government recognises that SMEs are the lifeblood of the economy and will play a vital role in the recovery of employment growth in our country. One of the key priorities of the Programme for Government is to ensure that an adequate pool of credit is available to fund SMEs in the real economy during the restructuring and...

Written Answers — Department of Finance: Economic Growth (20 Mar 2013)

Michael Noonan: Following three successive years in which output fell, positive growth returned to the Irish economy in 2011. With GDP up 0.8% (y-o-y) in the first three quarters of 2012, a second successive year of growth is expected to be confirmed tomorrow when the CSO releases its first full-year estimate for GDP in 2012. The recovery is forecast to gain ground in 2013. Over the medium term, a return...

Written Answers — Department of Finance: Economic Growth (20 Mar 2013)

Michael Noonan: Growth resumed in Ireland in 2011 and the economy is estimated to have recorded a second successive year of positive growth in 2012. Real GDP increased 0.8 per cent over the first three quarters of 2012 when compared with the same period in 2011. Provisional figures for the year as a whole will be published tomorrow. As is typical in small open economies, the traded sector is leading the...

Written Answers — Department of Finance: Insurance Industry (20 Mar 2013)

Michael Noonan: My Department does not keep up to date information on the level of default by insurance companies with particular reference to mortgage or other debt protection. I have made enquiries with the Central Bank about this matter which I understand relates to cases such as where a couple has mortgage protection insurance policy and then fall on hard times and as a result can no longer afford to...

Written Answers — Department of Finance: Economic Competitiveness (20 Mar 2013)

Michael Noonan: My Department monitors the overall performance of the economy and of individual sectors on an ongoing basis. Key sectors are subject to scrutiny as part of this process and also in reviews undertaken by line Departments to which my Department contributes or supports. For example, under the Action Plan for Jobs 2013, my Department is co-ordinating actions dealing with the property market....

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Mar 2013)

Michael Noonan: I must advise the Deputy that the detail of any mortgage restructuring agreement is a matter for each individual bank and borrower. The Central Bank has advised that such agreements should not impede consumer’s protections under the Code of Conduct on Mortgage Arrears (CCMA) and this would continue to be the case under the Personal Insolvency Act. CCMA examples: - at the...

Written Answers — Department of Finance: Tax Credits (20 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the taxpayer in question had his tax affairs reviewed in May 2011 on foot of a claim submitted by him for a refund of Relevant Contracts Tax. The taxpayer was in receipt of a married person’s credit and rate band although he was a widower since 1997.The Revenue Commissioners were not notified of his wife’s death at the time. When...

Written Answers — Department of Finance: Property Taxation Exemptions (20 Mar 2013)

Michael Noonan: Section 10(2) of the Finance (Local Property Tax) Act 2012 (as amended) provides that a residential property shall be exempt from the local property tax where it is situated in an unfinished housing estate. Section 10(1) of the Act defines an “unfinished housing estate” as a development of two or more buildings that is specified in a list prescribed, under section 10(3) of the...

Written Answers — Department of Finance: Banking Sector Staff Training (20 Mar 2013)

Michael Noonan: The covered banks have provided me with the following information Bank of Ireland Circa 650 individual staff members dealing with customers in mortgage arrears have completed intensive training programmes across the Bank of Ireland Group. Over 2,000 further staff members across the Group have completed mortgage arrears related training. AIB AIB can confirm that it has c. 300 staff in...

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (20 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 203, 205, 207 and 208 together. I am informed by the Central Bank that it has entered into a contract with HP to provide the physical data centre environment to host the bank’s IT systems and to manage the technical infrastructure aspects of these systems. HP will also provide hosting facilities at a backup data centre for the purposes of business...

Written Answers — Department of Finance: Mortgage Resolution Processes (20 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 204, 210 and 211 together. The Central Bank commenced the quarterly publication of mortgage and mortgage arrears data from the period ending September 2009. As part of this series, it commenced the publication of data on mortgage restructures in respect of primary homes in 2010 and subsequently in respect of buy to let mortgages in 2012. The outstanding...

Written Answers — Department of Finance: Property Taxation Collection (20 Mar 2013)

Michael Noonan: The allocation of funding to local authorities is properly a matter for my colleague the Minister for the Environment, Community and Local Government. The Minister for the Environment, Community and Local Government has recently confirmed that the Government has accepted, in principle, a policy position that from next year 80% of all Local Property Tax (LPT) receipts should be retained...