Results 10,521-10,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Staff Remuneration (25 Apr 2013)

Michael Noonan: The following table sets out the salary bands in respect of my Department. Earnings Band Number of employees 0-10K 26 10-20K 19 20-30K 72 30-40K 72 40-50K 40 50-60K 36 60-70K 3 70-80K 34 80-90K 33 90-100K 10 100-115K 9 125-150K 6 150K-200K 2 200K-250K 1 > 250K 0 The Revenue Commissioners have provided me with the following information in relation to...

Written Answers — Department of Finance: Vehicle Registration Tax (25 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that this vehicle was detained by a member of an Garda Síochána under the provisions of Section 140(3) Finance Act, 2001, as it was being driven by a State resident and there was reasonable suspicion that an offence had been committed. An authorised Officer of the Revenue Commissioners questioned the driver who admitted having possession of...

Written Answers — Department of Finance: Carbon Tax Implementation (25 Apr 2013)

Michael Noonan: The carbon tax has been in place for all fuels other than solid fuels since 2010. As I was aware of the potential impact on lower income households, I chose not to introduce the carbon tax on solid fuels until after this winter period and I opted to introduce the tax in two phases i.e. €10 per tonne of CO2 from 1 May 2013 and a further €10 per tonne of CO2 from 1 May 2014 thus...

Written Answers — Department of Finance: Data Protection (25 Apr 2013)

Michael Noonan: As I stated in my previous reply to the Deputy on this matter I am aware of the issue raised. It has been under discussion between my officials, Revenue and the ODCE who are cooperating to implement an appropriate solution. Apart from direct contact between staff of the ODCE and my Department, the matter has also been noted in the 2011 Annual Report of the ODCE (page 15), available on their...

Written Answers — Department of Finance: Property Taxation Exemptions (25 Apr 2013)

Michael Noonan: As I advised in response to Parliamentary Question No. 85 on 17 April, Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for a temporary exemption of at least three consecutive years from the charge to Local Property Tax (LPT) for residential properties that have been certified as having "significant pyritic damage". The methodology for the assessment of...

Written Answers — Department of Finance: Property Taxation Collection (25 Apr 2013)

Michael Noonan: For property owners for whom e-filing is not practical, I am informed by the Revenue Commissioners that the legislation provides that another person may file on their behalf, and they can visit their local Revenue office where computers and assistance to e-file will be available. In addition, Revenue has made arrangements for property owners to pay and file by telephone via the LPT helpline...

Written Answers — Department of Finance: IBRC Liquidation (25 Apr 2013)

Michael Noonan: I am advised that the Special Liquidators are not in a position to provide this information at present but that they are in the process of establishing the level of bonds/guarantees and indemnities entered into by IBRC (prior to liquidation) in favour of County Councils. I have been further advised that it is likely that any liabilities arising under those bonds, guarantees and indemnities...

Written Answers — Department of Finance: Bank Charges (25 Apr 2013)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the issues raised by the Deputy. I have been advised by the Central Bank that the information requested by the Deputy is not readily available. The Bank also informed me that they received this specific question from the Deputy at the Joint Oireachtas Committee on Finance, Public Expenditure and Reform hearing on Wednesday 10...

Written Answers — Department of Finance: Tax Collection Forecast (25 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield to the Exchequer, estimated in terms of expected 2013 gains, from increasing the CGT tax rate from 33% to 35% could be in the region of €31 million. This figure includes corporate gains. However, this estimate assumes no behavioural changes on the part of taxpayers, and increases in rates may have a significant...

Written Answers — Department of Finance: Universal Social Charge Yield (25 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, from extending the additional universal social charge of 3%, which is currently applicable to self-employed income in excess of €100,000, to all income earners at this level of income would be of the order of €71 million. The Universal Social Charge is an individualised...

Written Answers — Department of Finance: Tax Collection Forecast (25 Apr 2013)

Michael Noonan: It is assumed that the threshold for the proposed new tax rate mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. On that basis, I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of the introduction of...

Written Answers — Department of Finance: Tax Collection Forecast (25 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated yield to the Exchequer from increasing the Deposit Interest Retention Tax (DIRT) rate from 33% to 35% would be of the order of €40 million in a full year. This projection assumes no significant behavioural change by depositors or a change in interest rates applied by financial institutions to savings.

Written Answers — Department of Finance: Property Taxation Administration (25 Apr 2013)

Michael Noonan: I am informed by the Revenue Commissioners that for individuals on low incomes or those whose only income source is from the Department of Social Protection, the Finance (Local Property Tax) Act 2012 (as amended) provides for a system of deferral arrangements for owner-occupiers where there is an inability to pay the tax and certain specified conditions are met. A person who qualifies for...

Written Answers — Department of Finance: IBRC Liquidation (25 Apr 2013)

Michael Noonan: The Deputy will appreciate the commercially sensitive nature of the discussions with the ECB in relation to the promissory notes and the liquidation of the IBRC and that such discussions are part of a wider deliberative and confidential process. Throughout the period of the discussions between the Irish Authorities and the ECB the confidentiality of matters discussed was emphasised between...

Written Answers — Department of Finance: National Pensions Reserve Fund Plans (25 Apr 2013)

Michael Noonan: I am informed by the National Treasury Management Agency, as manager of the National Pensions Reserve Fund (NPRF), that as at 29 March 2013 the Fund’s total value stood at €15.2 billion, of which the Discretionary Portfolio comprises €6.4 billion. With regard to the future plans for the NPRF, the Cabinet agreed at its meeting of 16 April to the drafting of a Bill to...

Written Answers — Department of Finance: Central Bank of Ireland Issues (25 Apr 2013)

Michael Noonan: I am informed that the Central Bank has relevant policies and procedures in place to deal with this potential matter and the Bank believes that its current policies and procedures are appropriate. Specifically, this potential issue is taken into account when drafting new contracts for certain roles or reassigning staff to other duties if a potential for conflict arises. The Central Bank...

Written Answers — Department of Finance: Mortgage Arrears Proposals (30 Apr 2013)

Michael Noonan: At the initial application and award of credit stage, it will be a matter, having regard to consumer protection guidelines, for the borrower and the lender to satisfy themselves on the appropriate portion and source of income, including foster care allowances, available to meet mortgage repayments. In a situation of mortgage repayment difficulty, one of the recommendations of the Expert...

Written Answers — Department of Finance: Carbon Tax Implementation (30 Apr 2013)

Michael Noonan: Budget 2013 provided for the extension of carbon tax to all solid fuels supplied in the State. This will take effect from 1 May 2013. 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 meaning of Article...

Written Answers — Department of Finance: Insurance Coverage (30 Apr 2013)

Michael Noonan: It should be noted at the outset that neither I nor the Central Bank can compel insurers to quote for business. The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter based on the assessment an insurer will make of the risks involved. I understand that insurance companies as a matter of course carry out reviews of the risks...

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

Michael Noonan: I am informed by the Revenue Commissioners that in the case of property owners for whom e-filing is not practical, the legislation provides that another person may file on their behalf. Alternatively, the property owner can visit her/his local Revenue office where computers and assistance to e-file will be available. In addition, Revenue has made arrangements for property owners to pay and...