Results 1,441-1,460 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Refunds: Tax Refunds (12 Apr 2011)

Michael Noonan: I am advised by the Revenue Commissioners that they are not in a position to respond to the Deputy about this case for reasons of taxpayer confidentiality and data protection. In that context, Revenue point out that when Deputies make representations or ask Parliamentary Questions on behalf of individual taxpayers there must be, and generally there is, enough evidence to reasonably support...

Written Answers — Ministerial Staff: Ministerial Staff (12 Apr 2011)

Michael Noonan: During the period 1997 to 2004 the then Minister for Finance, Charlie McCreevy, did not employ any special advisors. During the period 2004 to 2007 the Tánaiste and Minister for Finance, Brian Cowen employed the following special advisors: Name Salary rate Gerry Steadman €101,675 Colin Hunt ( September 2006 to June 2007 Mr. Hunt concurrently performed the special adviser role to Mr...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Apr 2011)

Michael Noonan: The Programme for Government states that this Government will insist on the highest standards of transparency in NAMA's operations. I have already met with the NAMA Board and explained that I expect the agency to comply with this commitment to the maximum extent possible. The board has also been made aware that this is an issue that I will be following closely. The NAMA legislation also...

Written Answers — European Council Meetings: European Council Meetings (12 Apr 2011)

Michael Noonan: The euro group and the Economic and Financial Affairs Council (ECOFIN) usually meets monthly, although they can meet more frequently, if required. Finance Ministers of the seventeen Eurozone Member States meet in the Eurogroup on the eve of Ecofin meetings to discuss economic, monetary and other issues that relate to the euro area. There were in addition a number of meetings of a...

Written Answers — Tax Code: Tax Code (12 Apr 2011)

Michael Noonan: The Universal Social Charge was introduced with effect from 1 January 2011. There is an exempt annual threshold of €4,004 (€77 per week). However, where this threshold is exceeded, the entire amount is chargeable. The standard rates of charge are: - 2% on the first €10,036, - 4% on the next €5,980, and - 7% on the balance. The maximum rate of charge for individuals in possession of...

Written Answers — Sale of Bank Assets: Sale of Bank Assets (12 Apr 2011)

Michael Noonan: On 31 March the Central Bank published full details of the capital requirements for AIB, Bank of Ireland, EBS and Irish Life and Permanent. In their Financials Measures Programme document they provided a detailed breakdown of the calculations that underpinned their €24bn capital requirement which they identified for these banks. In arriving at this €24bn figure, the Central Bank indicated...

Written Answers — Departmental Schemes: Departmental Schemes (12 Apr 2011)

Michael Noonan: The Business Expansion Scheme (BES) is being replaced by the new Employment and Investment Incentive (EII). Under the new incentive, the lifetime limit that can be raised by companies will be increased from €2 million to €10 million, and the amount that can be raised in any twelve month period will be increased from €1.5 to €2.5 million. The certification requirements will also be...

Written Answers — Public Private Partnerships: Public Private Partnerships (12 Apr 2011)

Michael Noonan: There are some difficulties in the PPP funding market at present, resulting in a reduction in the number of banks participating in the market. Reflecting this, the Government has taken a number of steps to improve the market for PPPs and projects should be able to secure funding on a value for money basis.

Written Answers — Tax Code: Tax Code (12 Apr 2011)

Michael Noonan: I have been informed by the Revenue Commissioners that this matter has been resolved. An amended notice of assessment issued on 23rd March 2011. A repayment of the resulting refund issued on 28th March 2011. If there are any further queries on this matter they should be directed to Cork South West District, Telephone No. 021- 6027058.

Written Answers — Banking Sector: Banking Sector (12 Apr 2011)

Michael Noonan: On 1 April 2011, the Central Bank published the total senior and subordinated debt issuances by those banks covered by the Guarantee as at March 2011. This information is available on the Central Bank's website at www.centralbank.ie. The Central Bank published the individual figures on a once-off basis and were disclosed with the consent of the financial institutions and does not form part...

Written Answers — Ministerial Appointments: Ministerial Appointments (12 Apr 2011)

Michael Noonan: I have made no appointments as outlined in the Deputy's question since my apppointment as Minister for Finance.

Written Answers — Departmental Staff: Departmental Staff (12 Apr 2011)

Michael Noonan: A total of 59 retired public servants were employed on short-term contracts by my Department in 2010 at a cost of some €499,000 in total. My Department uses the services of retired public servants for a range of duties including, for example, the facilitation of various appeals processes such as those provided for under section 29 of the Education Act 1998 and those that relate to teaching...

Order of Business (13 Apr 2011)

Michael Noonan: I will consult with Deputy Dooley later.

Written Answers — Tax Code: Tax Code (13 Apr 2011)

Michael Noonan: I am advised by the Revenue Commissioners that under the European common system of Value-Added Tax a VAT-registered trader in one Member State supplying goods to a VAT-registered trader in another Member State may zero-rate the supply and the customer must self account for VAT in that other Member State. The Value-Added Tax treatment of intra-EU cross-border sales of goods means that where,...

Written Answers — Local Authority Charges: Local Authority Charges (13 Apr 2011)

Michael Noonan: The charge on non-principal private residences is a matter for the Minister for the Environment, Heritage & Local Government. I understand from his Department that the Government decided in 2009 to broaden the revenue base of local authorities by introducing a charge on all non-principal private residences. The charge is payable by the owners of private rented accommodation, holiday homes...

Written Answers — Tax Code: Tax Code (13 Apr 2011)

Michael Noonan: A derogation under EU Directive 2003/96 on Energy Taxation allowed the application of a reduced rate of Mineral Oil Tax to fuel used for the purposes of certain road passenger services. That derogation has expired and the arrangement was, therefore, terminated by the Finance Act 2008. It would not be possible, having regard to the relevant provisions of EU law, to re-introduce a scheme of...

Written Answers — Mortgage Debt: Mortgage Debt (13 Apr 2011)

Michael Noonan: I am informed by the Central Bank that approximately 52 per cent of owner-occupier residential mortgage debt relates to trackers, 33 per cent to other variable rates and the remainder is on fixed rates of over one year duration.

Written Answers — Mortgage Debt: Mortgage Debt (13 Apr 2011)

Michael Noonan: I am informed by the Central Bank that they do not compile such statistics on a county basis.

Written Answers — Departmental Expenditure: Departmental Expenditure (13 Apr 2011)

Michael Noonan: I propose to take Questions Nos. 72 to 78, inclusive, together. In terms of the recent banking announcement, it is not possible to be definitive at this time about the impact on the Exchequer position. The Government will require burden sharing from subordinated bond holders, will require capital generating asset disposals by banks and the banks will also be encouraged, where possible, to...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (13 Apr 2011)

Michael Noonan: In my Statement on Banking on 31 March 2011, I announced that the Government intends to combine the operations of AIB and EBS to build a second Pillar bank from the strengths of both institutions. This followed the announcement the previous day by the National Treasury Management Agency that the bid to purchase EBS did not represent good value for the State. The Government's decision...