Results 16,321-16,340 of 27,019 for speaker:Michael Noonan

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (Resumed) and Remaining Stages (10 Jul 2014)

Michael Noonan: First, the proposed amendment is well beyond the Long Title of the Bill. To use this legislation as a vehicle to compel the Central Bank to publish statistics about the restructuring of loans would certainly be in the Long Title of the Bill, so it is not an appropriate amendment. Second, as the Central Bank is an independent body and is already equipped to deal with such matters, it would...

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (Resumed) and Remaining Stages (10 Jul 2014)

Michael Noonan: With regard to the issue of SME debt, it should be noted that the Central Bank does not publish figures on arrears on non-performing loans specific to the SME sector. In June 2013, the Central Bank set quarterly institution-specific performance targets for covered banks to move distressed SME borrowers onto long-term forbearance solutions. The targets set reflect the banks' capacity and...

Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (Resumed) and Remaining Stages (10 Jul 2014)

Michael Noonan: My position is that it is a matter for the Central Bank, which is independent in the exercise of its functions and which particularly exercises that independence in its dealings with the licensed banks, to which it provides the licences.

Written Answers — Department of Finance: Residential Property Prices Register (10 Jul 2014)

Michael Noonan: The property price register is produced by the Property Services Regulatory Authority in accordance with the Property Services (Regulation) Act 2011 which is a matter for the Minister for Justice and Equality. I am advised by the Revenue Commissioners that a person who acquires a property is required, for stamp duty purposes, to file a stamp duty return on a self assessment basis...

Written Answers — Department of Finance: Tobacco Control Measures (10 Jul 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the margins of error in the surveys of smokers that Ipsos MRBI carried out, for them and for the National Tobacco Control Office of the Health Services Executive, in the years in question are as set out in the following table. Year Margin of Error 2013 +/- 2.4% 2012 +/- 2.5% 2011 +/- 2.6% 2010 +/- 2.7%

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (10 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 39 and 41 together. In April 2013 the European Court of Justice ruled that the excise relief on fuel element of the Disabled Drivers and Disabled Passengers Scheme is incompatible with the EU Energy Tax Directive.  My Department has informed the European Commission of my intention to remove the excise relief element of the scheme at the...

Written Answers — Department of Finance: Departmental Staff Recruitment (10 Jul 2014)

Michael Noonan: On 8th July 2014, Derek Moran was appointed by the Government as Secretary-General of the Department of Finance effective from 15th July 2014.  Mr. Moran is currently serving in the Department as the Assistant Secretary for the Fiscal and Taxation Division. The appointment of the Secretary-General of the Department of Finance is a Government appointment.  To facilitate this...

Written Answers — Department of Finance: Tax Code (10 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 42 and 43 together. I am informed by the Revenue Commissioners that Sections 124 and 124A of the Stamp Duties Consolidation Act 1999 sets out the timetable for return of information and payments relating to stamp duty by credit card promoters. For payments made after the due date, interest of .0219 per cent per day together with a penalty of €380 per...

Written Answers — Department of Finance: Property Taxation Administration (10 Jul 2014)

Michael Noonan: I am advised by Revenue that An Post is an approved payment service provider authorised to accept Local Property Tax (LPT) and arrears of Household Charge (HHC) payments. Payment of LPT/HHC can be made through An Post in a single transaction or by phased payments on a weekly or monthly basis. Revenue has also advised me that while it requires all approved LPT/HHC service providers to...

Written Answers — Department of Finance: Insurance Industry Regulation (10 Jul 2014)

Michael Noonan: At the outset it should be noted that I, in my role as Minister for Finance, have no power to intervene in individual insurance cases.  The responsibility for day to day regulatory issues is a matter for the Central Bank of Ireland which is statutorily independent in the exercise of these functions. I have made inquiries with the Central Bank on the matter.  While you do...

Written Answers — Department of Finance: VAT Rate Application (10 Jul 2014)

Michael Noonan: The zero rate of VAT applies to the supply of soya milk and I have no plans to change this VAT treatment.

Written Answers — Department of Finance: Black Economy (10 Jul 2014)

Michael Noonan: The European statistical agency, Eurostat, has agreed recommendations on the estimation and recording of illegal economic activities in recent years and now requires Member States to include estimates for illegal economic activities in the National Accounts by September 2014. Section 13 of the 1993 Statistics Act provides that the Director General of the Central Statistics...

Written Answers — Department of Finance: Tax Reliefs Eligibility (10 Jul 2014)

Michael Noonan: I assume the Deputy is referring to the graduate entry programme which provides undergraduate medical education of four years duration and has been developed to produce medical graduates with the ability to successfully undertake an internship and thereafter to gain full registration with the Medical Council. The programme is supported by a combination of student fees, State funding and...

Written Answers — Department of Finance: Tax Credits (10 Jul 2014)

Michael Noonan: I assume the Deputy refers to cases where a primary carer of children wishes to relinquish the credit to a non-primary carer in circumstances where there is potentially more than one non-primary carer as a result of the relevant children having different parents. The relevant legislation does recognise that where there is more than one child within the primary carer's family unit and...

Written Answers — Department of Finance: Property Taxation Exemptions (10 Jul 2014)

Michael Noonan: I am informed by the Revenue Commissioners that claims for an exemption from Local Property Tax (LPT) due to significant pyrite damage are made on a self-assessment basis by property owners and, in common with other aspects of LPT, these claims are accepted by Revenue at face value. To date the Commissioners have received about 1,200 claims under the pyrite exemption category. As I...

Written Answers — Department of Finance: Tax Collection (10 Jul 2014)

Michael Noonan: The information on receipts for Universal Social Charge (USC) and Income Levy requested by the Deputy is available in Revenue's Annual Reports for the relevant years. These are published on the Commissioners website at . The figures are reproduced in the following tables.   - 2011 €m 2012 €m 2013 €m Universal Social Charge 3,114 3,790 3,930 - 2009...

Written Answers — Department of Finance: Tax Data (10 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 52, 54 and 55 together. I am advised by the Revenue Commissioners that a breakdown of numbers and percentages of taxpayers paying the higher rate of Income Tax on more than 50% of their earnings is not available. Tax reliefs claimed on a case by case basis determine the income level at which the 41% tax rate applies for a taxpayer and precludes the...

Written Answers — Department of Finance: Appointments to State Boards (10 Jul 2014)

Michael Noonan: In response to the Deputy's question the following table contains the information requested. Name of Body Name of person appointed/re-appointed * Date appointed /re-appointed* National Asset Management Agency Ms  Mari Hurley 08 April 2014 National Pensions Reserve Fund Commission Ms Frances Ruane 1 July 2014 National Treasury Management Agency Advisory Committee Mr Donald Roth * 01...

Written Answers — Department of Finance: Tax Credits (10 Jul 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that a tax credit certificate for 2014 issued to the person concerned on 7 March 2014.  The certificate was issued based on the information available to Revenue at that time and included the personal tax credit of €1,650 and the PAYE tax credit of €1,650. The Revenue Commissioners have now written to the person concerned...

Written Answers — Department of Finance: Statutory Instruments (10 Jul 2014)

Michael Noonan: The information sought by the Deputy is set out in the following table. SI Number Title Date signed by the Minister for Finance Awaiting SI Number European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2014 23 May 2014 294 of 2014 Investor Compensation Act 1998 (Representatives of Financial Services Industry) Regulations 2014 30 May 2014 295 of 2014 Investor...