Results 11,941-11,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Public Interest Directors Issues (16 Jul 2013)

Michael Noonan: As I have stated many times before, the primary duty and responsibility of the public interest directors as well as all the other directors is to ensure that the institution on whose board they serve is run properly and appropriately. They serve on many Bank committees as well as the Boards themselves and their breath of experience brings a deeper and wider knowledge base and understanding...

Written Answers — Department of Finance: Mortgage Arrears Proposals (16 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 230 and 259 together. The Central Bank has advised me that over the coming period, the Bank will commence publication of additional statistics, designed to provide more information on the level of progress in relation to mortgage arrears resolution. One such additional measure will be the number of newly agreed loan modifications during each reference...

Written Answers — Department of Finance: Departmental Reports (16 Jul 2013)

Michael Noonan: Please find overleaf in tabular form the name costs, date of commission, date or expected date of publication and name of the external consultant of all external reports commissioned by his Department since March 2011 as requested by the Deputy: Name of Consultant Date of Commission Cost Date or Expected date of Publication Name of Report Charles River Associates June 2011 €50,000...

Written Answers — Department of Finance: Property Taxation Collection (16 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 232 and 294 together. I am advised by the Revenue Commissioners that in excess of 1.56 million LPT Returns were filed up to the end of June 2013 and approximately €126.5m had been transferred by Revenue to the Exchequer. As I previously indicated to the House in response to Parliamentary Questions, the Commissioners advised that it would not be...

Written Answers — Department of Finance: Property Taxation Administration (16 Jul 2013)

Michael Noonan: Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister shall pay from the Central Fund or the growing produce thereof into the LGF an amount equivalent to the LPT, including any interest paid thereon, paid into the Central Fund during that year. Receipts from the Local Property Tax received in 2013, which...

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: Tax Avoidance Issues (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the former Relevant Contracts Tax (RCT) regime, which incorporated the “C2” ceased in December 2011. However, I am assuming that they Deputy's question relates to the risk that an employee who becomes self employed will not register, pay appropriate taxes etc. The position is that the new electronic system for RCT, eRCT, which...

Written Answers — Department of Finance: Departmental Bodies Board Remuneration (16 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 236 and 304 together. The Details requested by the Deputy are contained in the following table: Name of Board No Of Board Members Fees paid to members in 2012 Expenses if any paid to board members 2012 Estimates annual savings if 25% cut applied to fees payable to board members Irish Fiscal Advisory Council 5 In the first half of 2012, an annual stipend...

Written Answers — Department of Finance: Departmental Agencies Staff Remuneration (16 Jul 2013)

Michael Noonan: In response to the Deputy’s question details in respect of salaries paid to all non-commercial State sponsored bodies chief executive officers under the aegis of my Department are as follows: In 2012 the Chief Executives of the National Treasury Management Agency (NTMA), the National Development Finance Agency (NDFA) and the National Asset Management Agency (NAMA) received the salaries...

Written Answers — Department of Finance: Departmental Expenditure (16 Jul 2013)

Michael Noonan: I am assuming that the Deputy in her question is only referring to situations where the fees paid were subject to professional services withholding tax. Based on this assumption my Department has supplied me with the figures set out as follows for the period 1 June 2012 – to 31 May 2013 Consultant Cost € Service supplied Mazars 60,885.00 Small and medium sized enterprise...

Written Answers — Department of Finance: Departmental Staff Training (16 Jul 2013)

Michael Noonan: The Department of Finance continues to invest in staff development in order to supplement the skills and qualifications of our teams through a combination of internal and external training and development initiatives. Under the revised Statement of Strategy 2011-2014, the Department aims to improve training in order to develop greater technical, management and leadership skills. Using the...

Written Answers — Department of Finance: Exchequer Savings (16 Jul 2013)

Michael Noonan: Based on my reply to PQ no. 34577/13, the gross expenditure by my Department on professional fees was 3.672 million euros. A 20% reduction on this would yield savings of 734,000 euros.

Written Answers — Department of Finance: Exchequer Savings (16 Jul 2013)

Michael Noonan: The following table sets out the Department of Finance’s travel and subsistence expenditure for 2012. - 2012 Travel and Subsistence for Domestic and Overseas Travel €392,000 EU Presidency Travel €80,791 My Department has calculated the annual savings to the Exchequer based on the percentage reductions being applied to the figure of €392,000 (i.e ignoring the...

Written Answers — Department of Finance: Exchequer Savings (16 Jul 2013)

Michael Noonan: The current allocation for training and development for 2013 in the Department of Finance is €311,000. The Department of Finance continues to invest in staff development in order to supplement the skills and qualifications of our teams through a combination of internal and external training and development initiatives. Under the revised Statement of Strategy 2011-2014, the Department...

Written Answers — Department of Finance: Exchequer Savings (16 Jul 2013)

Michael Noonan: In my Department, I have appointed Mary Kenny and Eoin Dorgan as special advisors. Their salaries are outlined as follows. Name Salary at 30 June 2013 Salary from 1 July 2013 (post implementation of the Haddington Road Agreement) Mary Kenny €89,898 €84,706 Eoin Dorgan €86,604 €81,676 The payscales for Principal are outlined below: Date 1 2 3 4 5 6 7...

Written Answers — Department of Finance: Money Laundering (16 Jul 2013)

Michael Noonan: European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted in July...

Written Answers — Department of Finance: Banking Sector Issues (16 Jul 2013)

Michael Noonan: It would not be appropriate for me to disclose the details of the persons that were partners and senior executives of the PWC Project Atlas engagement. The Special Liquidators have confirmed that they have received confirmation from PWC that no members of their valuations team are subject to any actual or perceived conflicts vis a vis IBRC.

Written Answers — Department of Finance: IBRC Mortgage Loan Book (16 Jul 2013)

Michael Noonan: The Special Liquidators invited a number of firms (5) for the tender on tranche 1 and for tranche 2 (14). The Special Liquidators have confirmed that PWC were not the lowest on fees. The criteria used were as follows, for which each respondent was graded: - Process/ Execution methodology and ability - Knowledge of the portfolio and recent relevant credentials - Delivery team experience - Fees...

Written Answers — Department of Finance: IBRC Legal Cases (16 Jul 2013)

Michael Noonan: In November 2012, the then Board of IBRC, after taking legal advice, decided to institute proceedings against Ernst & Young the former auditors of Anglo, for their role in the audit of the Anglo accounts. I am advised that these proceedings have been continued by the Special Liquidators following their appointment in February 2013. In respect of INBS, I am advised by the Special...

Written Answers — Department of Finance: IBRC Liquidation (16 Jul 2013)

Michael Noonan: I am advised by the Special Liquidators that there are two members of KPMG who are currently involved in the Special Liquidation who had previously worked on the audit of IL&P at a senior management and partner level. I am further advised that, prior to those individuals carrying out any work in the liquidation, the Special Liquidators considered this position and came to the view that...