Results 16,261-16,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: House Purchase Schemes (8 Jul 2014)

Michael Noonan: My Department is committed, under the construction strategy, to examine the concept of a mortgage insurance scheme and how it might benefit new housing completions in the Irish market. The objective of any scheme would be to ensure adequate availability of mortgage finance on affordable terms for new completions, particularly for 'First Time Buyers', as the economy recovers. In doing so I...

Written Answers — Department of Finance: Banking Sector Regulation (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 47 and 73 together. As the Deputy is aware, I have no direct function in the relationship between banks and their customers.  I have no statutory function in relation to banking decisions made by individual lending institutions at any particular time as these decisions are taken by the board and management of the relevant institution. A...

Written Answers — Department of Finance: Government Bonds (9 Jul 2014)

Michael Noonan: All monies raised through Government borrowing are paid into the Central Fund and used to fund Government spending as approved by the Oireachtas. It has never been the custom to link borrowing to specific projects as to do so would limit the flexibility of the Government in managing the State's finances. That said, there are a number of options available to individuals who wish to help...

Written Answers — Department of Finance: NAMA Operations (9 Jul 2014)

Michael Noonan: At the end of the term of the previous Government, there were discussions about moving the sub-€20million loans in AIB and Bank of Ireland to NAMA, in the context of the Programme of Financial Support for Ireland.  However, when the current Government took office, discussions were held with the Central Bank and the European Commission and it was agreed...

Written Answers — Department of Finance: Promissory Note Negotiations (9 Jul 2014)

Michael Noonan: The successful swap of promissory notes into bonds was a significant landmark and contributed to enhancing our debt sustainability by putting the funding on a more secure basis.  Before moving to this new arrangement, we consulted with our EU partners.  These consultations should be seen in the context of our on-going effort to enhance our debt sustainability and the dialogue which...

Written Answers — Department of Finance: Tax Clearance Certificates (9 Jul 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that Form HPL1 was received from the person concerned on 18th June 2014. The application has now been processed.  Certified Form HPL1 issued to the person concerned on 7th July 2014.

Written Answers — Department of Finance: Credit Unions Regulation (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 52 and 53 together. Credit Unions have an important role to play in providing credit in local communities around the country. Acting as the independent regulator, the Registrar of Credit Unions at the Central Bank has applied lending restrictions to some credit unions.  I have been informed that these restrictions are viewed as short term in...

Written Answers — Department of Finance: Mortgage Arrears Proposals (9 Jul 2014)

Michael Noonan: This Code of Conduct on Mortgage Arrears (CCMA) is issued under Section 117 of the Central Bank Act 1989.  The CCMA, therefore, is a statutory code and the Central Bank of Ireland has the power to administer sanctions for a contravention of this Code. Furthermore, the December 2013 Report of the Expert Group on Repossessions, which was chaired by the Department of Justice and Equality,...

Written Answers — Department of Finance: Property Taxation Yield (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 55 and 56 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 Reliefs Eligibility (9 Jul 2014)

Michael Noonan: Officials from my Department have held preliminary discussions with the relevant local authorities to identify the areas of the six cities, Cork, Dublin, Galway, Kilkenny, Limerick and Waterford, which might fall within the scope of the scheme. Each of the local authorities has now submitted proposals on the areas which they believe should be...

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 58 and 59 together. The information requested by the Deputy is set out in the table below. A 20% reduction to these professional fees would provide a saving to the Exchequer of €417,151.25.  Type of Professional Service Company/Service Provider Name Amount  (€)  Consultancy Red C €118,572.00 Consultancy Dr.Anil...

Written Answers — Department of Finance: Departmental Staff Training (9 Jul 2014)

Michael Noonan: The Department of Finance continues to invest in staff development in order to supplement the skills and qualifications of our teams, through a combination of internal and external training and development initiatives. The Department strives to improve training in order to develop greater professional, technical, management and leadership skills. Using the Performance Management and...

Written Answers — Department of Finance: Departmental Staff Training (9 Jul 2014)

Michael Noonan: The current allocation for training and development for 2014 in the Department of Finance is €295,450. The Department of Finance continues to invest in staff development in order to supplement the skills and qualifications of our teams, through a combination of internal and external learning and development initiatives. The annual savings to the Exchequer of a 5%, 7%, 10%, 12%,...

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2014)

Michael Noonan: The information requested by the Deputy is set out in the following table. 2014 Estimate - Travel and Subsistence Annual saving to the Exchequer of a reduction by: 5% 7% 10% 12% 15% 17% 20% €541,000 - €27,050 €37,870 €54,100 €64,920 €81,150 €91,970 €108,200

Written Answers — Department of Finance: Departmental Expenditure (9 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 63 to 65, inclusive, together. My Department has an allocation of €150,000 for  capital expenditure of which €75,000 is allocated to premises and €75,000 to purchase IT equipment. We expect to use the full allocation in this area. With regard to current expenditure, over 70% of my Department's current expenditure...

Written Answers — Department of Finance: Tax Yield (9 Jul 2014)

Michael Noonan: As the Deputy may be aware, the impact of SEPA on direct debits was most noticeable in the opening months of the year, with VAT and Income Tax particularly affected.  While the vast majority of SEPA related delays have unwound, there will still be some residual impacts over the rest of the year and in future years where a shortage of banking days could be an issue. By way of...

Written Answers — Department of Finance: Excise Duties (9 Jul 2014)

Michael Noonan: The end-June 2014 Exchequer returns confirmed that excise duties recorded a surplus over profile in the month of June of €58 million.   In terms of the cumulative target, excise duties were up €149 million against profile. The excise performance has been reasonably strong across a number of the excise components. In terms of where the overperfromance arise,...

Written Answers — Department of Finance: Tax Yield (9 Jul 2014)

Michael Noonan: The end-June 2014 Exchequer returns confirmed that stamp duties recorded a surplus over profile in the month of June of €17 million. In terms of the cumulative target, stamp duties were up €51 million. The performance of stamp duties has been reasonably strong across a number subheads. In terms of cumulative receipts, property receipts are up about €35...

Written Answers — Department of Finance: GDP-GNP Levels (9 Jul 2014)

Michael Noonan: Annual National Income and Expenditure results for 2013 published by the CSO on July 3rd, included substantial backward revisions to the level of nominal GDP. Of the €10.7 billion upward revision to the 2013 outturn, some €7.2bn is owing to the reclassification of R&D as investment as part of technical changes being implemented across all EU Member States under the...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (9 Jul 2014)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive (HRI) 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. Qualifying expenditure is expenditure subject to the...