Results 13,521-13,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Exemptions (4 Dec 2013)

Michael Noonan: Firstly, I would point out that persons aged 65 and over can avail of the age tax credits or the age exemption limits. For the years of assessment 2013 and 2014, in order to qualify for the income tax exemption a single individual’s income must be less than €18,000 or in the case of a married couple or civil partners, €36,000. These exemption limits are increased by...

Written Answers — Department of Finance: Public Procurement Contracts (4 Dec 2013)

Michael Noonan: In March 2010, the Government delegated to the NTMA certain banking system functions of the Minister for Finance related to the oversight and management of the State’s interest and holdings in those financial institutions covered by the 2008 Government guarantee. Following this the NTMA established a specialist Banking Unit and a small number of skilled professionals were recruited...

Written Answers — Department of Finance: Departmental Contracts Data (4 Dec 2013)

Michael Noonan: I have been advised by the institutions in question that in line with normal practice and for commercial reasons, the institutions do not publicly disclose the details of contracts with individual external service providers. Neither institution is required to undertake public procurement as part of the process of appointing advisors. In the case of the individual institutions auditors fees...

Written Answers — Department of Finance: Property Taxation Administration (4 Dec 2013)

Michael Noonan: I am advised by Revenue that it recently wrote to property owners who paid their 2013 Local Property Tax (LPT) by lump sum or regular cash payments through an approved payment service provider to request that they confirm their payment method for 2014. This confirmation is necessary to ensure Revenue has adequate time to set up any alternative phased payment mandates that property owners...

Written Answers — Department of Finance: Tax Compliance (4 Dec 2013)

Michael Noonan: I am informed by the Revenue Commissioners that they are prevented from making any comments in relation to specific cases on the grounds of taxpayer confidentiality. Section 851A of the Taxes Consolidation Act 1997 (inserted by the Finance Act 2011) placed on a formal statutory basis the long-standing and accepted obligation on the Revenue Commissioners to treat all taxpayer information...

Written Answers — Department of Finance: Pension Provisions (4 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the basis for calculating the capital value of pension rights under the Standard Fund Threshold (SFT) regime is set out in Schedule 23B to the Taxes Consolidation Act 1997. In the case of defined benefit arrangements, the schedule provides a formula for determining the capital value of uncrystallised rights (that is rights being built up but...

Written Answers — Department of Finance: IBRC Loans (4 Dec 2013)

Michael Noonan: I have been advised by the Special Liquidators that they have corresponded with all IBRC borrowers providing them with an opportunity to make written representations on the method of disposal of their loans and the criteria for determining who may bid for loan assets. Consideration was given to Borrower representations and the Special Liquidators have responded to those Borrower...

Written Answers — Department of Finance: Credit Unions Regulation (4 Dec 2013)

Michael Noonan: The Report of the Commission on Credit Unions recognised that the issue of governance of credit unions is at the core of strengthening the regulatory framework and set out detailed governance requirements for credit unions. The Credit Union and Co-Operation with Overseas Regulators Act 2012, sets out comprehensive governance requirements for credit unions which are designed to provide a...

Written Answers — Department of Finance: Tax Credits (5 Dec 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit (OPFTC) is being replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. The Single Person Child Carer Tax Credit will be of the same value, i.e. €1,650, as the existing OPFTC and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new credit will be...

Written Answers — Department of Finance: Property Taxation Administration (5 Dec 2013)

Michael Noonan: I note that similar questions concerning payment of the 2014 Local Property Tax (LPT) liability by credit card or debit card have been raised by a number of Deputies and I provided a detailed response in my reply to Questions Nos. 202 (46491/13), 214 (46815/13), 215 (46879/13), 216 (46881/13), 229 (46999/13), 232 (47059/13), 239 (47101/13), 143 (47110/13) and 252 (47136/13) on 5 November 2013...

Written Answers — Department of Finance: NAMA Expenditure (5 Dec 2013)

Michael Noonan: The figures provided do not include payments to firms by companies to which NAMA has appointed receivers. Such fees are accounted for by the individual receivers as they are discharged out of asset realisations as part of the overall costs of a receivership and are not paid directly by NAMA.

Written Answers — Department of Finance: State Banking Sector (5 Dec 2013)

Michael Noonan: I have received the following information from the State owned banks. AIB I have been informed that due to the substantial increase in the number of customers in financial difficulty, AIB works with the company who predominantly provide customer case management and assessment services to AIB’s Mortgage Arrears Support Unit. The company operates within AIB’s Mortgage Arrears...

Written Answers — Department of Finance: Consultancy Contracts Data (5 Dec 2013)

Michael Noonan: In line with the Department's revised Statement of Strategy, my Department is committed to engaging in open dialogue with all its stakeholders. This would include private professional firms. In the course of these meetings, advice, views and counsel may be proffered. Such advise is not paid for. The following table sets out the information sought by the Deputy. Firm/Company Year of...

Written Answers — Department of Finance: EU-IMF Programme of Support (5 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 55 and 56 together. The European Parliament's (EP) Committee on Economic and Monetary Affairs has decided to draft an own initiative report evaluating the structure, the role and operation of the Troika actions in euro area programme countries. Ireland's experience as a programme country will be included in this report along with the other programme...

Written Answers — Department of Finance: Property Taxation Collection (5 Dec 2013)

Michael Noonan: I am advised by Revenue that “deduction at source” of Local Property Tax (LPT) from payments made by the Department of Social Protection was implemented for all individuals who selected that payment option with effect from 1 July 2013. In the case raised by the Deputy, Revenue has confirmed to me that while the person in question filed her return for 2013, she did not specify...

Written Answers — Department of Finance: Carbon Tax Implementation (5 Dec 2013)

Michael Noonan: The application of the carbon tax to solid fuels has remained subject to a Ministerial commencement order since 2010. This approach was primarily adopted to delay the application of the carbon tax to solid fuel in the residential sector to allow for the development of a robust mechanism to counter the large scale sourcing of coal from Northern Ireland where lower sulphur standards apply....

Written Answers — Department of Finance: Banking Sector Issues (5 Dec 2013)

Michael Noonan: I am aware of the content of the report to which the Deputy refers. My officials met with Ulster Bank officials last week after the publication of the report and were assured that the allegations raised were not happening in Ireland. There is no reference to Ireland in the report. I understand that RBS has appointed Clifford Chance to independently review the treatment of distressed...

Written Answers — Department of Finance: Central Bank of Ireland Staff (5 Dec 2013)

Michael Noonan: As Minister for Finance, I have no role in the employment or departure of staff in the Central Bank. Under the Central Bank Act, 1942, the Central Bank Commission is responsible for administrating the staff of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers. The Central Bank has developed a Human Resources Strategy which is...

Written Answers — Department of Finance: Property Taxation Administration (5 Dec 2013)

Michael Noonan: As advised in my reply to Parliamentary Question No. 106 of 12 November 2013, the inter-departmental group, chaired by Dr. Don Thornhill, set up to consider the design of a property tax (the “Thornhill Group”) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to...

Written Answers — Department of Finance: IBRC Loans (5 Dec 2013)

Michael Noonan: I have been advised by the Special Liquidators that the Joint Venture Agreement (the "Agreement") between A1 and Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators remains in place. However, the Special Liquidators can confirm that there have been a few minor amendments to the Agreement with regards the receipt of sales proceeds from asset sales but...