Results 16,221-16,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Deferrals (8 Jul 2014)

Michael Noonan: I am informed by the Revenue Commissioners that data on the number of Local Property Tax (LPT) deferrals claimed by households are not available on a county basis. LPT statistics published by the Commissioners on 16 April 2014 on their website at: Local Property Tax Statistics April 2014 (PDF 192KB) show that deferrals were claimed in respect of about 19,100 properties based on the returns...

Written Answers — Department of Finance: Debt Collection (8 Jul 2014)

Michael Noonan: In response to the Deputy's question my Department has not engaged the services of a debt collection agency. I am advised by Revenue that it is charged with the collection and recovery of a wide range of taxes and duties and that it uses certain debt collection agencies to assist it in this regard. By way of general information, Revenue has a strong focus on making sure that everyone...

Written Answers — Department of Finance: Bank Codes of Conduct (8 Jul 2014)

Michael Noonan: I have been advised by the Central Bank that the Consumer Protection Code 2006 was introduced in August 2006 by the Irish Financial Services Regulatory Authority, and came into effect fully on 1 July 2007. Prior to the Consumer Protection Code 2006, a variety of conduct of business rules existed for the various financial sectors including: the Handbook for Authorised Advisors; the Handbook...

Written Answers — Department of Finance: Property Taxation Exemptions (8 Jul 2014)

Michael Noonan: I am advised by Revenue that in the absence of full details in regard to the property in question and the sale/purchase arrangements, a specific response can not be provided. However, by way of general comment, Section 10 of the Finance (Local Property Tax) Act 2012 (as amended) made provision for a number of exemptions from Local Property Tax (LPT). The exemptions include certain...

Written Answers — Department of Finance: NAMA Property Sales (8 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 181 and 182 together. Whilst I am precluded from discussing the detail of any individual transaction, I am advised by NAMA that the Deputy's information on the price at which this asset was sold is incorrect. To clarify, NAMA did not sell the property in question. The property was sold by its owner and NAMA, as secured lender, consented to the sale. The...

Written Answers — Department of Finance: Banking Sector (8 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 183, 184 and 186 together. As the Deputy will be aware there is a Relationship Framework in place with Permanent TSB ("PTSB"). Under the Relationship Framework PTSB is recognised as a separate economic unit with independent powers of decision. The Board and management team retains responsibility and authority for determining the bank's strategy and...

Written Answers — Department of Finance: Banking Sector (8 Jul 2014)

Michael Noonan: The separate boards and management teams of IBRC (in Special Liquidation), Permanent TSB and the National Assets Management Agency retain the responsibility and the authority for determining the strategy and commercial decisions and conducting the day to day operations, including the sale of assets, and management of those legally separate institutions. In making such decisions the...

Written Answers — Department of Finance: Bank Restructuring (8 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 187 and 188 together. It is a requirement of the EU Commission that, when a Restructuring Plan is agreed, an independent Monitoring Trustee is appointed. The role of the Monitoring Trustee is to ensure that each of the commitments included in the Restructuring Plan are being adhered to and within the agreed timelines, and to report to the EU Commission...

Written Answers — Department of Finance: Bank Restructuring (8 Jul 2014)

Michael Noonan: In accordance with its revised Restructuring Plan of July 2013, which allowed it to retain New Ireland, Bank of Ireland agreed to certain substitution measures including that relating to ICS. The specific ICS substitution measure required Bank of Ireland to sell the ICS distribution platform together with, at the option of the acquirer: Up to €1bn of...

Written Answers — Department of Finance: Banking Sector (8 Jul 2014)

Michael Noonan: I accept that the level of competition in the Irish banking sector has reduced as a result of the decisions by ACC, Danske Bank and Bank of Scotland (Ireland) to withdraw from the market. As the Deputy may be aware, towards the end of last year, my Department undertook an assessment of banks' fee income relative to peers in selected other jurisdictions and carried out a review of the...

Written Answers — Department of Finance: Property Taxation Data (8 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 191 and 193 together. I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally and the most up to date figures for LPT collected in 2013 and 2014 were published on 16 April 2014 on the Commissioners' website at: . The report also provides a...

Written Answers — Department of Finance: Tax Credits (8 Jul 2014)

Michael Noonan: The Deputy may wish to note that the R and D Tax Credit was comprehensively reviewed in 2013, and the results can be viewed on the Department of Finance website. I am informed by the Revenue Commissioners that the annual tax expenditure associated with research and development tax credits in each year from 2008 to 2012, the latest year available, is as set out in the following table. Data...

Written Answers — Department of Finance: Ministerial Advisers Remuneration (8 Jul 2014)

Michael Noonan: Neither of the two special advisors appointed by me have salaries exceeding the relevant pay guidelines. Their salaries are in line with guidelines issued by the Department of Public Expenditure and Reform on the appointment of Ministerial staff. Name Salary at 30 June 2013 Salary from 1 July 2013 (post implementation of the Haddington Road Agreement) Mary Kenny €89,898...

Written Answers — Department of Finance: Departmental Correspondence (8 Jul 2014)

Michael Noonan: As the Deputy will be aware, my Department receives numerous contacts and submissions each year relating to policy matters. These include correspondence from regulated financial service providers on mortgage related issues, including mortgage indemnity insurance, and are dealt with by my officials. Mortgage Indemnity Insurance is a proposal that is currently being analysed by my Department...

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (8 Jul 2014)

Michael Noonan: I have been informed by the Central Bank that, due to the manual nature of the legacy (Irish Pounds to EURO) exchange operations it is not possible to provide data per individual transaction. The transactions are bulked together prior to the posting of accounting entries. Information on the aggregate daily posted values of EURO settled by the Central Bank in exchange for Irish...

Written Answers — Department of Finance: Central Bank of Ireland (8 Jul 2014)

Michael Noonan: I am informed by the Central Bank that the total amount of Irish Pound notes and coins redeemed between 9 February 2002 - when they ceased to be legal tender -  and 30 June 2014 is €730m, consisting of €489m in respect of banknotes and €241m in respect of coins. As of 31 December 2002, notes to the value of €299.7 million were outstanding. A...

Written Answers — Department of Finance: Tax Credits (8 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 198 and 199 together. The Deputy is advised that the Advisory Group on Tax and Social Welfare (AGTSW) are considering a range of tax and social welfare issues, with a view to increasing the incentives for individuals to return to work. I understand that one of the issues the Group have examined relates to refundable tax credits. It is expected that the...

Written Answers — Department of Finance: Tax Code (8 Jul 2014)

Michael Noonan: The rates of stamp duty which applied to non-residential property since 1997 are set out in the following tables. In Budget 2012 I introduced a  single  stamp duty rate of 2% in respect of non-residential property, which includes farmland as well as commercial and industrial buildings. This reduction was part of an overall budgetary strategy to encourage activity in the...

Written Answers — Department of Finance: Budget 2014 (8 Jul 2014)

Michael Noonan: The most recent fiscal forecast was contained in the Stability Programme Update published in April. This showed that, in broad terms, Ireland will run an underlying general government primary balance this year. The April 2014 SPU forecast a primary surplus in 2015. The next set of official forecasts will be published in the Budget book in October.

Written Answers — Department of Finance: Budget 2014 (8 Jul 2014)

Michael Noonan: Budget 2014 projected the total cash cost of servicing the National Debt in 2014 at €8,926 million. The bulk of debt servicing costs is made up of National Debt interest. The Budget 2014 estimate of National Debt interest in 2014 was €8,154 million. The other items comprising debt servicing are sinking funds and debt management expenses. These were estimated in Budget 2014...