Results 10,041-10,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Arrears Rate (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 224 to 226, inclusive, together. The Central Bank commenced the quarterly publication of mortgage and mortgage arrears data from the period ending September 2009. The most recent available data, which is for the quarter ending December 2012, indicates that 11.9% of PDH mortgages and 18.9% of BTL mortgages were in arrears of more than 90 days. The Central...

Written Answers — Department of Finance: Tax Collection (26 Mar 2013)

Michael Noonan: The legislation underpinning mandatory e-filing-paying was introduced in 2008 on a phased basis, commencing with large companies, and extending to Government Departments, Public Bodies, all other companies and certain self-assessed individuals. Businesses and self-assessed individuals within certain categories must meet their tax filing and paying obligations using the Revenue On-Line...

Written Answers — Department of Finance: Tax Credits (26 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that there has been protracted correspondence regarding the validity of the claim for the single parent tax credit by the person in question. I am further advised that the latest submission in support of the claim was received from the individual on 14th March 2013. This correspondence will be examined by the Revenue Commissioners within the next...

Written Answers — Department of Finance: Public Sector Remuneration (26 Mar 2013)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Mortgage Resolution Processes (27 Mar 2013)

Michael Noonan: The Deputy will be aware that on 13 March 2013 the Central Bank announced new measures to address mortgage arrears, including the publication of performance targets for the main mortgage banks. The targets are set in relation to both Principal Dwelling Homes and Buy to Let mortgages. The new approach is aimed at ensuring that banks offer and conclude sustainable solutions for their customers...

Written Answers — Department of Finance: Property Taxation Application (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date which will be 1 May 2013 for the year 2013 and for subsequent years 1 November in the preceding year. Section 7 of the 2012 Act provides that local authorities...

Written Answers — Department of Finance: Property Taxation Collection (27 Mar 2013)

Michael Noonan: According to Budget estimates the Local Property Tax is expected to generate an overall yield of €250 million in 2013 and €500 million in 2014. I am advised by the Revenue Commissioners that it is not possible to provide a breakdown of these estimates on a regional or administrative basis until Local Property Tax returns are filed and payments made by liable persons.

Written Answers — Department of Finance: Carbon Tax Implementation (27 Mar 2013)

Michael Noonan: Solid fuel carbon tax will be charged on all solid fuels supplied in the State, regardless of whether the fuel products are Irish made or imported. Solid fuel is defined under section 77 of the Finance Act 2010, as amended and means coal or peat. Coal is further defined to include coal and lignite, solid fuel manufactured from coal and lignite, and any other energy product within the...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: As the Deputy may be aware, there is no single test that can be used to determine the status (employed or self-employed) of individuals. Simply because an individual is described as a “contractor” does not necessarily mean that such individual is a self-employed contractor. Depending on the facts and circumstances of a case, an individual may be a full-time employee, a...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: The increase in the rates of Deposit Interest Retention Tax (DIRT) arising from Budget changes announced in December 2011 and December 2012 took effect in respect of interest paid or credited on or after 1 January 2012 and 1 January 2013 respectively. Accordingly, the increase in the standard DIRT rate from 27% to 30% and in the higher DIRT rate from 30% to 33%, announced in December 2011,...

Written Answers — Department of Finance: Property Taxation Application (27 Mar 2013)

Michael Noonan: I do not propose to defer the introduction of the Local Property Tax (LPT). The introduction of a value based property tax is part of our obligation under the EU/IMF programme. Actions for the ninth Troika review, which was to be completed by the end of the 2012, included the introduction of a value based property tax for 2013. These measures are deemed necessary in order to reduce further...

Written Answers — Department of Finance: Redundancy Payments (27 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 104 and 112 together. The Special Liquidators have advised me that they are highly cognisant of the issues that the IBOA have been highlighting and that significant steps have already been taken to address those concerns, including the announcement on Tuesday 19 March by the Special Liquidators that contracts of staff would be extended out to 7 August with...

Written Answers — Department of Finance: NAMA Staff Employment History (27 Mar 2013)

Michael Noonan: The employment history of each NAMA Board member is provided on NAMA’s website, www.nama.ie, and in the Annual Report 2011 (pp.4-5). No member of the Board was employed by Ulster Bank, Bank of Ireland, Anglo-Irish Bank, Permanent TSB or Irish Nationwide within the past 10 years. One member of the NAMA senior management team was employed within the past ten years by Ulster Bank in...

Written Answers — Department of Finance: NAMA Portfolio Issues (27 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 106 to 108, inclusive, together. In a recent response to a Parliamentary Question 13079/13 on 12th March, 2013, I advised that, to provide assurance on the financial information received from debtors and to enhance control over cash flows, particularly rental income, NAMA requires the appointment by certain significant debtors of independent monitors. The...

Written Answers — Department of Finance: Property Taxation Collection (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date which will be 1 May 2013 for the year 2013. Section 7 of the 2012 Act provides that local authorities will be liable to pay the LPT on their properties in the...

Written Answers — Department of Finance: Property Taxation Application (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date. For the year 2013, the liability date is 1 May 2013, and for the year 2014 the liability date is 1 November 2013. This means that the owner of a residential...

Written Answers — Department of Finance: IBRC Account Holders (27 Mar 2013)

Michael Noonan: I have been informed that there are a number of customer accounts that may not be entitled to full compensation under the deposit guarantee scheme, DGS, or the eligible liabilities guarantee scheme, ELG, due to the nature of the products or deposit options in which those account holders invested. The proceeds from the disposal of IBRC’s assets will be used to repay creditors in...

Written Answers — Department of Finance: Property Taxation Collection (27 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a wide range of payment options have been made available to liable persons, which will allow them to pay their Local Property Tax (LPT) liability in full or by way of phased payments. One payment option allows persons to pay the LPT by cash through one of the three approved payment service providers, which are An Post TaxPay, Payzone and...

Written Answers — Department of Finance: Proposed Legislation (27 Mar 2013)

Michael Noonan: The establishment of the Strategic Investment Fund (SIF) was announced by the Government in September 2011. Resources from the National Pensions Reserve Fund (NPRF) will be channelled through the SIF towards productive investment on commercial terms in the Irish economy. The SIF will seek matching commercial investment from the private sector in order to maximise the resources of the NPRF....

Written Answers — Department of Finance: Property Taxation Exemptions (27 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) includes provisions that provide exemption or relief from Local Property Tax (LPT) for certain properties which have been adapted by disabled persons, depending on the circumstances involved. Section 10B of the 2012 Act (as inserted by the Finance (Local Property Tax) (Amendment) Act 2013) provides an exemption from LPT for a residential...