Results 13,821-13,840 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Flood Risk Insurance Cover (15 Jan 2014)

Michael Noonan: At the outset, it should be noted that the issue of flood cover and its unavailability is one which I am familiar with. I am also very conscious of the difficulties that the absence of such cover can causes to householders and businesses. However, I am not in a position to direct insurance companies to provide flood cover to specific individuals. The issue of provision of new flood cover...

Written Answers — Department of Finance: Credit Unions Regulation (15 Jan 2014)

Michael Noonan: Section 43 of the Credit Union Act 1997 sets out legislative requirements in relation to investment of surplus funds by a credit union. The First Schedule of the Trustee Act 1893 (as amended by the Trustee (Authorised Investments) Order 1998) sets out securities that trustees and, by virtue of section 43(1) of the Credit Union Act 1997, credit unions, are authorised to invest in. The...

Written Answers — Department of Finance: Tax Credits (15 Jan 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that on 19 November 2013, an amended tax credit certificate was issued to reflect the State Contributory Pension which became payable to the taxpayer during 2013. The effect of this was to increase the amount of tax deducted from his occupational pension payments for the remainder of 2013. Following the end of the year, the taxpayer's...

Written Answers — Department of Finance: Property Taxation Collection (15 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) for 2013 are available broken down by city and county councils nationally and the most up to date figures are published on the Commissioners website at: . As of 6 November 2013, a total of €6.6 m in LPT had been paid in County Kerry. The Commissioners will publish 2013 year-end...

Written Answers — Department of Finance: National Treasury Management Agency Bond Issues (15 Jan 2014)

Michael Noonan: On 7 January 2014 the National Treasury Management Agency (NTMA) sold €3.75 billion of a new benchmark Treasury Bond maturing in March 2024 via a syndicated sales process. The bond was sold at a yield of 3.543 per cent. Of the amount issued 17 per cent was taken up by domestic investors and 83 per cent by overseas investors. The overseas investors were mainly from the U.K. (26%),...

Written Answers — Department of Finance: Tax Compliance (15 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the number of identified companies that participated in the value shift scheme stands at 76. Assessments to tax have been entered in respect of the shareholders of the companies and the number of tax appeals is 112. In one of the cases the Appeal Commissioner decided in favour of the taxpayer and the decision was appealed by Revenue to the High...

Written Answers — Department of Finance: Public Sector Pensions Issues (15 Jan 2014)

Michael Noonan: There are various arrangements in operation throughout the Civil and Public Service which can provide in certain circumstances for added notional years of reckonable service when calculating superannuation benefits. In my Department, between March 2011 and December 2013 no individual has been awarded added years under the Professional Added Years Schemes or as a result of abolition of office...

Written Answers — Department of Finance: Appointments to State Boards (15 Jan 2014)

Michael Noonan: In response to the Deputy’s question the following table contains the information requested by the Deputy: Appointments and re-appointments since March 2011 Year Number of commercial and non-commercial State agency board positions filled Number of these positions that were publically advertised Number of female appointments. Mar-Dec 2011 5 0 1 2012 25 including 3 reappointments...

Written Answers — Department of Finance: National Internship Scheme Placements (15 Jan 2014)

Michael Noonan: My Department took in one JobBridge placement during 2013. Year No of Interns 2013 1

Written Answers — Department of Finance: Tax Rebates (15 Jan 2014)

Michael Noonan: Income tax is charged on maternity benefit paid on or after 1 July 2013. This benefit continues to be exempt from PRSI and the Universal Social Charge. Refund of any income tax, PRSI and Universal Social Charge mistakenly charged in respect of maternity benefit payments must be claimed within four years from the end of the year of assessment in respect of which the payments were made. A...

Written Answers — Department of Finance: Tax Reliefs Availability (15 Jan 2014)

Michael Noonan: The system of income tax relief for medical insurance premiums is provided at source at the standard rate of income tax. Therefore, the State was paying 20% of the cost of all private medical insurance premiums. In Budget 2014 the Minister announced that tax relief for medical insurance premiums will be restricted to the first €1,000 per adult and the first €500 per child...

Written Answers — Department of Finance: Revenue Commissioners Resources (15 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that Revenue currently has three mobile scanner systems. Two of these are mobile X-ray container scanning systems that are based at Dublin Port and Rosslare Ferry Port respectively. Both of these scanners are available for deployment at other ports, and at other locations such as warehouses, as required, and Revenue utilises them, on a risk...

Written Answers — Department of Finance: Mortgage Protection Policies (15 Jan 2014)

Michael Noonan: Section 126 of the Consumer Credit Act 1995 requires that, subject to certain exemptions set out in the Act, “a mortgage lender shall arrange a life assurance policy providing, in the event of the death of a borrower before a housing loan made by the mortgage lender has been repaid, for payment of a sum equal to the amount of the principal estimated by the mortgage lender to be...

Written Answers — Department of Finance: Property Taxation Collection (15 Jan 2014)

Michael Noonan: I propose to take Questions Nos. 151 and 152 together. I am informed by the Revenue Commissioners that a compliance rate of 91% has been achieved for the Local Property Tax (LPT) for 2013. The Commissioners have also confirmed that by the end of December 2013 the amount of LPT collected for 2013 was €242m and €76m was collected in respect of 2014. In the region of 78% of...

Written Answers — Department of Finance: Universal Social Charge Application (15 Jan 2014)

Michael Noonan: The position is that the Universal Social Charge (USC) was introduced from 1 January 2011 to replace the Income Levy and the Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. The Programme for Government contains a commitment not to change current income tax credits, rates and bands, nor to increase the...

Written Answers — Department of Finance: Property Taxation Assessments (15 Jan 2014)

Michael Noonan: As I have previously informed the House, most recently in my reply to Question No. 75 (51730/13) on 3 December 2013, the Local Property Tax (LPT) is a self-assessed tax so it is a matter for the property owner to calculate the tax due based on their assessment of the market value of the property. The Revenue Commissioners have confirmed to me that if a liable person has genuinely overpaid...

Written Answers — Department of Finance: Tax Clearance Certificates (15 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that there are a variety of possible reasons why a tax clearance certificate might be refused in any given particular case. One possibility which the Deputy may have overlooked is that unpaid household charge is now a Local Property Tax liability. In the absence of specific details it is not possible to provide further advice. However, if the...

Written Answers — Department of Finance: Insurance Industry Issues (15 Jan 2014)

Michael Noonan: My Department does not hold estimates of funds under management in insurance companies with respect to the approved minimum retirement fund. I have contacted the Central Bank and they inform me that they also do not maintain estimates of funds under management in insurance companies with respect to the approved minimum retirement fund. I understand that Insurance Ireland are currently...

Written Answers — Department of Finance: Banks Recapitalisation (15 Jan 2014)

Michael Noonan: I propose to take Questions Nos. 157 and 158 together. The letter to which the Deputy refers was sent by the Taoiseach to the President of the European Council, Herman van Rompuy, and the Heads of State or Government in the other 27 EU Member states, for information, prior to the October 2013 European Council. The Taoiseach wrote his letter against the background of our planned exit from...

Written Answers — Department of Finance: EU-IMF Programme of Support (15 Jan 2014)

Michael Noonan: As I undertook broad consultation regarding all of the available exit options, including the option of a precautionary credit line, it is difficult to put a precise figure on the number of meetings I attended on this matter. My consultations included discussions with Christine Lagarde, Managing Director of the IMF; Olli Rehn, Vice-President of the European Commission; Jeroen Dijsselbloem,...