Results 13,721-13,740 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Application (18 Dec 2013)

Michael Noonan: Section 14 of Finance Act 2012 introduced the Special Assignee Relief Programme (SARP) which is designed to reduce the cost to employers of assigning key individuals in their companies from abroad to take up positions in the Irish based operations of their employer. Paragraph 10 of Section 14 provides that relevant employers must submit an annual return to the Revenue Commissioners...

Written Answers — Department of Finance: IBRC Liquidation (18 Dec 2013)

Michael Noonan: The Special Liquidators are continuing the orderly and efficient wind-down of IBRC in accordance with the provisions of the IBRC Act 2013 and instructions that have been provided to the Special Liquidators by me under the IBRC Act 2013. I am advised that the Special Liquidators will comply with the timelines, namely that the valuation of IBRC’s loan assets be completed by 30 November...

Written Answers — Department of Finance: Tax Reliefs Application (18 Dec 2013)

Michael Noonan: Section 12 of Finance Act 2012 provided for a limited tax deduction for individuals who temporarily carry out the duties of their office or employment in Brazil, Russia, India, China or South Africa. The provision applies as respects the years 2012, 2013 and 2014. The first year of the programme was 2012 and the relevant details of tax claims received to date from PAYE employees for that...

Written Answers — Department of Finance: Tax Collection (18 Dec 2013)

Michael Noonan: I am advised by Revenue that a total of € 287 million was written out as uncollectible in 2012, which was a decrease of €34 million (11%) over 2011. A total of €200 million (rounded) was written out as uncollectible for the period 1 January to 30 September 2013. Revenue has not yet finalised the figures for October and November. The following table sets out the...

Written Answers — Department of Finance: Tax Compliance (18 Dec 2013)

Michael Noonan: I am advised by Revenue that the data requested by the Deputy is currently being compiled, but it has not been possible to finalise the reply in the time available. A reply will issue to the Deputy as soon as possible.

Written Answers — Department of Finance: NAMA Court Cases (18 Dec 2013)

Michael Noonan: I am advised by NAMA that since inception it has obtained additional security for its loans with a total value in excess of €800 million. This has been achieved through the reversal of asset transfers, including reversals that resulted from court action initiated by NAMA, and through the acquisition of charges obtained over previously unencumbered assets. Further detail on this...

Written Answers — Department of Finance: NAMA Receivers (18 Dec 2013)

Michael Noonan: NAMA advises that to the end-November 2013, a total of 350 Receiver appointments had been made. Since 2010, NAMA has selected 52 separate firms in respect of its 159 appointments and the Participating Institutions (PIs) have engaged 48 separate firms in respect of their 191 appointments. NAMA advises that receiver appointments include those made prior to the acquisition of the loans by...

Written Answers — Department of Finance: Tax and Social Welfare Codes (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they have extensive data exchange arrangements in place with the Department of Social Protection (DSP) and that these are under constant review by the two organisations. The arrangements have been significantly enhanced in recent times and following an exchange with the DSP in relation to DSP pension payments in late 2011, Revenue undertook to...

Written Answers — Department of Finance: VAT Rate Application (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the same VAT rules apply to Travel Agents dealing in Irish accommodation, whether based in Ireland or the UK. Consequently, Irish agents do compete on an equal footing with travel agents in the UK. The supply of wholesale accommodation, that is the sale of a block booking of hotel rooms to another accommodation wholesaler, is not within the...

Written Answers — Department of Finance: Promissory Notes (18 Dec 2013)

Michael Noonan: During 2010, Anglo Irish Bank, INBS and EBS were provided with promissory notes to the value of €30.6bn consisting of a number of tranches. Each tranche paid a market based fixed rate of interest which is set on the date of issue and is appropriate to the maturity date of the tranche. Interest paid in 2011, 2012 and 2013 on the promissory notes was €568m, €13m and...

Written Answers — Department of Finance: Deposit Guarantee Scheme (18 Dec 2013)

Michael Noonan: The Central Bank of Ireland is responsible for operating the Deposit Guarantee Scheme (DGS), according to the rules set out in the Financial Services (Deposit Guarantee Scheme) Act 2009 and the European Communities (Deposit Guarantee Schemes) (Amendment) Regulations 2009 (S.I. 228 of 2009). Under these rules, the DGS provides compensation for eligible depositors up to a maximum of...

Written Answers — Department of Finance: Illicit Trade in Tobacco (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the number of cigarettes seized to 30 November this year is 40.05 million, and that the comparable figure in respect of 2012 is 93.48 million. It needs to be borne in mind in viewing these data that the level of seizures can vary significantly between years, because of factors such as the occurrence of a very large seizure in a given time period....

Written Answers — Department of Finance: Credit Unions (18 Dec 2013)

Michael Noonan: The registration and regulation of credit unions is the responsibility of the Registrar of Credit Unions within the Central Bank, who is the independent regulator for credit unions. I have been informed by the Central Bank that engagements between it and individual credit unions are confidential. The Central Bank has previously confirmed that it is open to proposals to re-establish credit...

Written Answers — Department of Finance: Credit Unions (18 Dec 2013)

Michael Noonan: The registration and regulation of credit unions is the responsibility of the Registrar of Credit Unions within the Central Bank, who is the independent regulator for credit unions. I have been informed by the Central Bank that engagements between it and individual credit unions are confidential. The Central Bank has previously confirmed that it is open to proposals to re-establish credit...

Written Answers — Department of Finance: Property Taxation Exemptions (18 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 81 and 82 together. It is also unclear whether the Deputy is referring to two separate families, or whether both Questions relate to the same case. Based on the information supplied by the Deputy it is not possible to provide a definitive reply, however, the following general information may be useful. While there is no specific exemption from Local...

Written Answers — Department of Finance: Property Taxation Exemptions (18 Dec 2013)

Michael Noonan: I am advised by Bray Town Council that the estate in question was built in 1972 by Wicklow County Council, but not as temporary housing, and the houses were built to the standards of the day. A refurbishment programme was carried out in the late 1980s by Wicklow County Council. I understand that prior to 2007 there were a number of fatal fires in the estate but I am advised that none of...

Written Answers — Department of Finance: Charities Regulation (18 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 84 and 85 together. I am advised by the Revenue Commissioners that it has no regulatory role in relation to charities. Its role is confined to administering the tax exemption scheme, which includes vetting and processing applications from bodies claiming exemption from tax on the basis that they are charities. The role also includes monitoring such bodies...

Written Answers — Department of Finance: Ministerial Advisers Remuneration (18 Dec 2013)

Michael Noonan: Neither of the two special advisors appointed to my Department have salaries that exceed the relevant pay guidelines. Their salaries are in line with guidelines issued by the Department of Public Expenditure and Reform on the appointment of Ministerial staff.

Written Answers — Department of Finance: Insurance Costs (19 Dec 2013)

Michael Noonan: At the outset, I would point out that the calculation of annual premium rates is a commercial decision for the insurance company in question. Neither I, as Minister for Finance, nor the Central Bank of Ireland, can require a company to change its rates or prohibit a company from doing so. The decision to provide any specific form of insurance cover and the price at which it is offered is...

Written Answers — Department of Finance: NAMA Staff Remuneration (19 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 78 and 79 together. All NAMA staff are employees of the NTMA and under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. Staff numbers assigned to NAMA are as follows: End 2010 100 End 2011 193 End 2012 224 End November 2013 315 Information on NTMA salary bands is published in the NTMA Annual Report and...