Results 15,701-15,720 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Economic Data (27 May 2014)

Michael Noonan: The Government's Medium-term Economic Strategy (MTES) provides an overarching high-level integrated whole-of-Government framework to drive and facilitate the development of appropriate sectoral and horizontal policies which will be refined to take account of the MTES.  Monitoring / implementation arrangements for the MTES are under consideration at present.  This year we have begun...

Written Answers — Department of Finance: Bank Charges (27 May 2014)

Michael Noonan: The Programme Documents (the Memorandum of Understanding on Specific Economic Policy Conditionality and the Memorandum of Economic and Financial Policies) agreed following the 10th Review of the EU-IMF Programme of Financial Support include a commitment to carry out an assessment of banks' fee income by end-December 2013 as follows: The authorities will assess banks' fee income...

Written Answers — Department of Finance: House Prices (27 May 2014)

Michael Noonan: My Department continues to monitor developments in the property and construction sectors to ensure that the property market makes an appropriate contribution to wider economic performance.  When assessing the recent pick-up in house prices it is important to remember that residential property prices fell by just over 50 per cent from peak-to-trough and residential property prices...

Written Answers — Department of Finance: Economic Data (27 May 2014)

Michael Noonan: Provisional figures show that GDP fell slightly last year as inter alia headwinds associated with patent-expiry in the pharma-chem sector depressed output and exports.  By contrast, domestic demand stabilised and returned to growth in the second half of the year.  The recovery in domestic demand helps explain the very strong labour market performance last year where employment...

Written Answers — Department of Finance: Mortgage Arrears Report Implementation (27 May 2014)

Michael Noonan: The fair resolution of the mortgage arrears problem is a key priority for Government and a comprehensive strategy, in line with the main recommendations of the 2011 Keane Report, has been developed.  The implementation of this strategy is overseen at Government level by a special sub-committee which is chaired by the Taoiseach and at official level by a mortgage arrears steering group...

Written Answers — Department of Finance: Financial Services Regulation (27 May 2014)

Michael Noonan: As Minister for Finance, I have responsibility for the development of the legal framework governing financial regulation, including banking and insurance. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. I have been advised by the Central Bank that...

Written Answers — Department of Finance: Vehicle Registration (28 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that dealers can register vehicles, including camper vans, online through the Revenue On-line Service (ROS).  The online process is the same for all vehicles and can be carried out for new vehicles where vehicle details are uploaded in advance (the "birth cert" system) or, for previously registered vehicles, where the vehicle details are...

Written Answers — Department of Finance: Household Charge Administration (28 May 2014)

Michael Noonan: I am advised by Revenue that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to Local Property Tax (LPT), increased all outstanding liabilities to €200 and made Revenue responsible for collection of those outstanding amounts. As part of the handover of responsibility, Revenue received the HHC database...

Written Answers — Department of Finance: Public Sector Staff (28 May 2014)

Michael Noonan: This is a matter for the Revenue Commissioners.  I am advised by the Commissioners that they are currently conducting an internal competition for promotion to Executive Officer.  Stage 1 of this competition involved online testing of verbal and numerical reasoning.  This stage was used to produce a shortlist for an interview to determine suitability for promotion. The Civil...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (28 May 2014)

Michael Noonan: In order to expedite the flow of credit to SMEs and not delay the establishment of the Strategic Banking Corporation of Ireland (SBCI) the Government intends to establish the SBCI in such a way that it can commence operations without the need for a banking licence. However, it will be set-up initially with flexibility to expand its operations and also to adjust...

Written Answers — Department of Finance: IBRC Liquidation (28 May 2014)

Michael Noonan: I have been advised by the Special Liquidators that they will not be commenting on individual cases. The day to day lending decisions of IBRC are a commercial matter for the Special Liquidators of the bank and I have no role in the matter.

Written Answers — Department of Finance: Central Bank of Ireland (28 May 2014)

Michael Noonan: The surplus income of the Central Bank is paid to the Department of Finance in the year following that in which the income was realised, once the Central Bank's Annual Statement of Accounts has been approved. Central Bank Income - Year received €000 2005 103,022 2006 109,181 2007 98,496 2008 192,816 2009 290,054 2010 745,496 2011 671,029 2012 958,343 2013 1,147,628

Written Answers — Department of Finance: Semi-State Bodies (28 May 2014)

Michael Noonan: In response to the Deputy's question, my Department does not have any commercial semi States operating under its aegis.

Written Answers — Department of Finance: Tax Credits (28 May 2014)

Michael Noonan: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax.  Each partner is a separate entity for tax purposes and, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation in Ireland.  The day to day responsibility for the supervision of Irish authorised financial institutions is a matter for the Central Bank of Ireland which is statutorily independent in the exercise of its regulatory and supervisory functions.  ...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: The Irish Brokers Association (IBA) wrote to me recently regarding their concerns arising from the impact of the liquidation of Setanta Insurance Company Limited on their members and their policyholders.  They also sought a meeting with me and/or my officials to discuss these concerns.  I have asked officials from my Department to meet with the IBA at an early date and discuss these...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: The current legal and regulatory framework for the provision of insurance in the European Economic Area (EEA), and the supervision of that activity, is prescribed by European Union Law in the Life and Non-Life Insurance Directives. The provision of insurance throughout the EEA on a freedom of services basis and a freedom of establishment basis (i.e. a branch) within this framework is...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank of Ireland, which is statutorily independent in the exercise of its regulatory functions. The decision to provide any specific form of insurance...

Written Answers — Department of Finance: Insurance Levy (29 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that insurance and reinsurance transactions and the supply of related services by insurance brokers and insurance agents are exempt from VAT.  In such circumstances no VAT would have been charged to policy holders and no VAT would have been collected by the Exchequer. I am informed by the Revenue Commissioners that any levy paid by an insurance...

Written Answers — Department of Finance: Insurance Industry Regulation (29 May 2014)

Michael Noonan: My officials have been in discussions with the Central Bank of Ireland, with the Setanta Liquidator, the Accountant of the High Court and with the insurance industry representative bodies and I have asked them to convey my wish that every effort is made to facilitate Setanta policyholders in obtaining new motor insurance policies and in understanding their overall position.  We are...