Results 14,501-14,520 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Clearance Certificates (25 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they do not have sufficient information at present to issue PAYE Balancing Statements (P21s) for the years in question. A request for the necessary information issued to the person concerned on 21 February 2014. On receipt of this information P21s will be issued for 2012 and 2013.

Written Answers — Department of Finance: European Investment Bank (25 Feb 2014)

Michael Noonan: I have been informed by the European Investment Bank (EIB) that there is no review of the Bank s lending criteria currently taking place. However, the EIB did conduct a review of its energy lending policy in 2013. Details of this review are available at the following link: . In general terms, the EIB provides loans of up to 50% of the total cost of a project for projects of sufficient size...

Written Answers — Department of Finance: European Investment Bank (25 Feb 2014)

Michael Noonan: Article 19 of the Statute of the European Investment Bank (EIB) provides that Any undertaking or public or private entity may apply directly to the Bank for financing. Therefore, the Local Authorities ability to borrow directly from the EIB depends on the their borrowing powers, and the regulatory framework in place which allows them to do so. The Local Government Act 2001 provides for the...

Written Answers — Department of Finance: NAMA Portfolio (25 Feb 2014)

Michael Noonan: I am advised by NAMA that the carrying value of artwork on its balance sheet is of the order of €100,000. I am advised by NAMA that, in some cases, artwork is held as security for debts owed to the Agency and is still legally owned by debtors. Current valuations for this artwork are difficult to ascertain but are likely to be less than €2 million.

Written Answers — Department of Finance: Tax Reliefs Availability (25 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that a tax deduction is available to an individual, in his or her capacity as a social worker, in respect of the registration fee statutorily imposed by virtue of the provisions of the Health and Social Care Professionals Act 2005.

Written Answers — Department of Finance: Flood Risk Insurance Cover (25 Feb 2014)

Michael Noonan: The provision of new flood cover or the renewal of existing flood cover is a commercial matter for insurance companies, which is based on a proper assessment of the risks they are accepting and the making of adequate provisioning to meet these risks. Flood cover claims are generally significant and in order to provide such cover, insurance companies would say that they have to be satisfied...

Written Answers — Department of Finance: NAMA Expenditure (25 Feb 2014)

Michael Noonan: I am advised by NAMA that it does not appoint liquidators from its insolvency practitioner panels. I am advised that liquidators are, in fact, generally appointed by Directors, creditors or by the High Court on the petition of a company, its directors, shareholders or creditors and are remunerated in accordance with the provisions of the Companies Acts.

Written Answers — Department of Finance: IBRC Liquidation (25 Feb 2014)

Michael Noonan: I can confirm that there is no performance element built in to the fees agreed with KPMG in respect of the liquidation of Irish Bank Resolution Corporation. I can confirm that the original rates agreed with the Special Liquidators are commensurate with those agreed by NAMA following a tender process for insolvency services and are significantly discounted when...

Written Answers — Department of Finance: IBRC Liquidation (25 Feb 2014)

Michael Noonan: Unfortunately my Department has been unable to obtain the information requested by the Deputy in the time available. I will write to the Deputy directly with the information as soon as it becomes available.

Written Answers — Department of Finance: Banking Sector Issues (25 Feb 2014)

Michael Noonan: As the Deputy will be aware under the Relationship Framework the State does not intervene in the day to day operations of the banks or their management decisions regarding commercial matters.  AIB and PTSB have provided me with the following information in relation to hospitality and corporate entertainment: AIB is undertaking a significant cost reduction programme aimed at reducing...

Written Answers — Department of Finance: NAMA Portfolio (25 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 188 and 189 together. I am advised that NAMA s commercial decisions are guided entirely by Section 10 of the NAMA Act which places a statutory obligation on NAMA to obtain the best achievable return for the State from the management of its acquired loan portfolio. NAMA has an independent mandate and decisions in relation to the management and...

Written Answers — Department of Finance: NAMA Operations (25 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 190 to 192, inclusive, together. It is important first of all to put NAMA in its proper context as far as the Northern Ireland property market and, by extension, the wider Northern Ireland economy is concerned.  NAMA is by no means the dominant influence in the Northern Ireland property market and indeed in some sectors its exposure is very low. ...

Written Answers — Department of Finance: NAMA Transactions (25 Feb 2014)

Michael Noonan: I am advised by NAMA that, since its inception, it has overseen the sale of assets in Northern Ireland by debtors and receivers with a value of €141m.  NAMA advises that its strategy in Northern Ireland, as in other jurisdictions, is to seek to ensure that the volume of assets offered for sale is well aligned with the market s absorption capacity and, in that context, that it does...

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that an amended tax credit certificate for 2014 has been issued to the person concerned on 20 February 2014. This certificate is based on the information currently available to Revenue. If the details in the certificate are not accurate the person concerned may contact Revenue at LoCall 1890 44 44 25 to have his record updated.

Written Answers — Department of Finance: NAMA Operations (25 Feb 2014)

Michael Noonan: As the Deputy may be aware,  NAMA s statutory remit extends only to those properties and other assets which secure its acquired loans, properties outside this remit are a matter for the debtor. I would like to remind the Deputy that questions on individual properties can be sent directly to NAMA who can be contacted on , or at 01 665 0000.

Written Answers — Department of Finance: Carbon Tax Implementation (25 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 197 and 212 together. The application of the carbon tax to solid fuels 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...

Written Answers — Department of Finance: NAMA Operations (25 Feb 2014)

Michael Noonan: In the event that NAMA ultimately acquires this portfolio, the NAMA Board will be mindful of its legal obligations and of general market norms. I am advised that NAMA is likely to apply best practice in this regard and will seek to ensure that a borrower s legal position does not deteriorate by virtue of NAMA acquisition of the loan or loans concerned.

Written Answers — Department of Finance: Banking Sector Issues (25 Feb 2014)

Michael Noonan: From a consumer protection perspective, Chapter 5 of the Consumer Protection Code 2012 imposes knowing the customer and suitability requirements on regulated entities, including banks. This chapter includes the specific requirement that prior to offering, recommending, arranging or providing a credit product to a personal consumer, a lender must carry out an assessment of affordability to...

Written Answers — Department of Finance: Tax Reliefs Application (25 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the cost of gluten-free foods manufactured specifically for coeliacs is an allowable medical expense and tax relief may be claimed in the same manner as other health expenses. Due to the format in which details of health expense claims are submitted by taxpayers, as claims for relief on gluten-free foods are in aggregated with claims in...

Written Answers — Department of Finance: Property Taxation Administration (25 Feb 2014)

Michael Noonan: I am advised by Revenue that information on all aspects of Local Property Tax (LPT), including details of the various payment options is available on its website at . Revenue also confirmed to me that it continues to provide a dedicated LPT Helpline at 1890 200 255 to assist people in meeting their filing and payment obligations and to provide any other information or assistance that might...