Results 14,001-14,020 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: European Central Bank (21 Jan 2014)

Michael Noonan: I should state initially that Ireland has always honoured its debt obligations without any requirement that we be forced to do so, whether by the ECB or anyone else. I have not taken action under Article 35:1 and Article 340 of the ECB Statutes and initiated proceedings at the Court of Justice of the European Union seeking clarification of the legality of the ECBs actions in relation to...

Written Answers — Department of Finance: Tax Credits (21 Jan 2014)

Michael Noonan: As you are aware the One-Parent Family Tax Credit (OPFTC) has been replaced with a new Single Person Child Carer Tax Credit from 1 January 2014.   The restructured credit will be of the same value i.e. €1,650 per annum as the OPFTC and it will also carry the same entitlement to the additional €4,000 extended standard rate band, which increases it to €36,800 per...

Written Answers — Department of Finance: Companies Law Issues (21 Jan 2014)

Michael Noonan: As the issue in question does not relate to taxation, this is not a matter for the Revenue Commissioners.

Written Answers — Department of Finance: Tax Credits (21 Jan 2014)

Michael Noonan: As you are aware the One-Parent Family Tax Credit (OPFTC) has been replaced with a new Single Person Child Carer Tax Credit from 1 January 2014.   The restructured credit will be of the same value i.e. €1,650 per annum as the OPFTC and it will also carry the same entitlement to the additional €4,000 extended standard rate band, which increases it to €36,800 per...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (21 Jan 2014)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme came into operation on 25 October 2013 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. The scheme...

Written Answers — Department of Finance: EU Budget Contribution (21 Jan 2014)

Michael Noonan: The final outturn for Ireland's contribution to the EU budget in 2013 totalled €1,726 million, some €271 million higher than was originally forecast for Budget 2013. Two externally driven developments, which were not known at the time of publication of Budget 2013, contributed to this bigger-than-expected contribution. Specifically, these...

Written Answers — Department of Finance: Banking Sector Issues (21 Jan 2014)

Michael Noonan: The potential involvement of a strategic or capital market based investor for Permanent TSB ("PTSB") will be considered at an appropriate time having regard to the best interests of the State. My officials and PTSB are in regular contact regarding matters such as capital structure and will consider all potential strategies in this regard.  In the meantime PTSB continues...

Written Answers — Department of Finance: EU Directives (21 Jan 2014)

Michael Noonan: In late December 2013 the Lithuanian Presidency of the EU Council reached agreement with the European Parliament on the Bank Recovery and Resolution Directive (BRRD). The BRRD proposal provides a common framework of rules and powers to help EU countries manage arrangements to deal with failing banks at national level as well as cross-border banks, whilst preserving essential bank operations...

Written Answers — Department of Finance: IBRC Bond Issues (21 Jan 2014)

Michael Noonan: I am advised that the Department of the Environment, Community and Local Government are currently working with the relevant local authorities to ascertain the actual level of exposure that exists in relation to the development bonds previously entered into by IBRC in favour of the various County Councils or local authorities.  I am advised that once that exposure...

Written Answers — Department of Finance: Tax Code (21 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that section 97(2) of the Taxes Consolidation Act 1997 specifies the expenses that a landlord is entitled to deduct from gross rent in computing rental profits for tax purposes. Section 97(2) is subdivided into paragraphs (a) to (e), each of which deals with different categories of deductible expenditure. As noted by the Deputy, section 97(2)(b)...

Written Answers — Department of Finance: Tax Credits (21 Jan 2014)

Michael Noonan: I propose to take Questions Nos. 217 and 220 together. It is unclear from the Deputy's questions as to the provenance of the comments and statements to which she refers. However, I will clarify the position as regards the new tax credit. The One-Parent Family Tax Credit (OPFTC) has been replaced with a new Single Person Child Carer Tax Credit from 1 January...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (21 Jan 2014)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme came into operation on 25 October 2013 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence.  ...

Written Answers — Department of Finance: NAMA Social Housing Provision (21 Jan 2014)

Michael Noonan: As the Deputy is aware, NAMA is working closely with the Department of the Environment, Community and Local Government (DECLG) and the Housing Agency, which has responsibility for the provision of social housing, to facilitate local authorities and approved housing bodies to purchase and lease properties for social housing.  NAMA has, to date, identified almost 4,400 properties as being...

Written Answers — Department of Finance: Tax Collection (21 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the latest relevant sector-based information available on income earners in the tax system is derived from income tax returns filed for the income tax year 2011 and represents about 95 per cent of all returns expected at the time the data was compiled for analytical purposes. The data relating to the public sector includes individuals in receipt...

Written Answers — Department of Finance: Tax Credits (21 Jan 2014)

Michael Noonan: I assume that the Deputy is referring to the disallowance of the employee tax credit (more commonly known as the PAYE tax credit) to a director who works for his or her own company.   Section 472 of the Taxes Consolidation Act 1997 provides for a tax credit known as the employee tax credit to an individual who has emoluments to which the PAYE system of tax deduction at source...

Written Answers — Department of Finance: Universal Social Charge Exemptions (21 Jan 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the information available to Revenue, the person concerned is exempt from paying the Universal Social Charge (USC) for 2014.  An amended tax credit and USC Certificate will issue shortly to the person concerned and to his pension provider. The amount of USC deducted for 2014 will be refunded by his pension provider.

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: My Department answered a freedom of information request received from the Deputy in December 2013 in which the Deputy sought a review of a decision in respect of an FOI received in 2009 which covered all correspondence between Minister Brian Lenihan and Chairpersons/Chief Executive Officers in those banks under the Government Guarantee Scheme for the period 1 August 2008 to 11 March 2009 as...

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: All correspondence addressed to, or copied to the Minister of Finance, is available to the incumbent office holder of the Ministry of Finance. 

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: The Department has procedures relating to records management and the maintenance of information. These procedures include additional controls related to sensitive files and documents. I am not aware of any documents in the period relating to the bank guarantee that cannot be located.  

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: In advance of any banking inquiry, the Department has commenced a project with a view to ensuring the completeness and integrity of its records from the period. I consider that our processes ensure that relevant information can be made available where necessary.