Results 1,761-1,780 of 27,019 for speaker:Michael Noonan

Written Answers — Financial Services Sector: Financial Services Sector (17 May 2011)

Michael Noonan: The Central Bank has advised me that the following lenders have notified the Bank of their intention to implement the recommendation of a Deferred Interest Scheme (DIS), as set out in the final report of the Expert Group on Mortgage Arrears and Personal Debt: Allied Irish Banks. AIB Mortgage Bank. Bank of Ireland. ICS Building Society. EBS. Haven Mortgages. Irish...

Written Answers — Banking Sector: Banking Sector (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 99 and 100 together. The Minister for Finance has no role in the employment of staff of the Central Bank of Ireland or in its terms and conditions. However, I have been informed by the Central Bank of Ireland that there are 1,384 persons employed by the Central Bank of Ireland. The majority of staff in the Central Bank fall into the category of Professional...

Written Answers — Financial Services Regulation: Financial Services Regulation (17 May 2011)

Michael Noonan: Some financial service providers, currently authorised by the Central Bank provide debt advice to consumers e.g. mortgage brokers. Consumers can confirm whether or not a financial service provider is authorised by checking the Register of Financial Service Providers on the Central Bank's website. However, there are also companies which offer debt advice and debt counselling services which...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (17 May 2011)

Michael Noonan: The Central Bank of Ireland has advised me that the value of senior bonds that matured in the period between September 2008 and September 2010 is €70.3 billion I do not have a breakdown by covered institution to hand as requested by the Deputy. I will however request a breakdown of guaranteed and unguaranteed senior bonds repaid during the above period from the covered institutions and...

Written Answers — Departmental Correspondence: Departmental Correspondence (17 May 2011)

Michael Noonan: I am advised by the Revenue Commissioners that a full and detailed review of the circumstances arising in the case that the Deputy refers to has been completed. A copy of the outcome of the review has been sent to the Deputy.

Written Answers — National Debt: National Debt (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 105 and 107 together. At the end of 2010, Ireland's National Debt stood at €93 billion. The projections for the National Debt for the years 2011 to 2015, based on the budgetary forecasts contained in the Stability Programme Update that was submitted to the European Commission and published on 29 April, are set out in the table below. It should be noted that...

Written Answers — Departmental Agencies: Departmental Agencies (17 May 2011)

Michael Noonan: The table below lists the bodies under the aegis of my Department, that are members of the Irish Business and Employers Confederation (IBEC), together with the amounts paid to that organisation in the years in question. Body Paid in 2007 Paid in 2008 Paid in 2009 Paid in 2010 Paid to Date in 2011 The Central Bank and Financial Services Authority /replaced by the Central Bank Commission in...

Written Answers — National Asset Management Agency: National Asset Management Agency (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 108 to 111, inclusive, together. I am advised by NAMA that all major contracts awarded by it since its inception have been awarded through www.etenders.gov.ie, the website for Irish public tenders and have been fully compliant with standard public procurement procedures, which require that the most economically advantageous bid be accepted. The names of all...

Written Answers — Departmental Responsibilities: Departmental Responsibilities (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 112 and 144 together. As indicated in my reply to a previous PQ, it was my intention that Minister Howlin and I would present the Ministers and Secretaries (Amendment) Bill for consideration by the Government at its meeting, today Tuesday, 17 May, with a view to publishing it as soon as possible thereafter. In general terms, it is proposed that the following...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: I am informed by the Revenue Commissioners that in so far as an investment property is generally understood to be a property from which the owner seeks to derive profits through lettings, a deduction is allowed (subject to certain conditions) for interest on borrowed money employed in the purchase, improvement or repair of the premises concerned. However, for interest accruing on or after 7...

Written Answers — Pension Provisions: Pension Provisions (17 May 2011)

Michael Noonan: The Deputy's question is principally a matter for the Minister for Social Protection, but tax legislation and rules are also relevant to the issue. Generally speaking, once an occupational pension scheme member has at least two years qualifying service for pension purposes, that member is entitled under the Pensions Acts to preserved pensions benefits on leaving employment and does not get a...

Written Answers — Public Service Staff: Public Service Staff (17 May 2011)

Michael Noonan: As the Deputy will be aware the Special Civil Service Incentive Career Break Scheme 2009 was introduced as a once-off measure in the Supplementary Budget on 7 April 2009. The measure was extended to staff in different areas of the public service, including the local government sector and the HSE. The closing date for participation in this scheme has expired and there is no current proposal...

Written Answers — Company Closures: Company Closures (17 May 2011)

Michael Noonan: I am advised by the Revenue Commissioners that it is the responsibility of an employer to issue a P45 when an employee has ceased in employment. Part 1 of the P45 is given to Revenue to notify that the employment has ceased. Parts 2, 3 and 4 are given to the employee to give to their new employer to avoid paying emergency tax, to claim a refund of tax during unemployment or to claim Social...

Written Answers — Public Service Staff: Public Service Staff (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 117 to 129, inclusive, together. The Government is committed to continuing improvement in the efficiency of public services and, in order to achieve this, to formulate and promote policies which drive efficiency and effectiveness across the public service. As part of the Programme for Government, public service bodies have to adhere to targets in terms of...

Written Answers — Departmental Expenditure: Departmental Expenditure (17 May 2011)

Michael Noonan: There are currently 5 departmental credit cards issued to officials in my Department. My Private Secretary and my Press Officer both have been issued with credit cards. These cards are used generally for official expenses in connection with travel, including accommodation and subsistence expenses, and official hospitality. The three remaining cards are for the general usage of the...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: I propose to take Questions Nos. 131 and 136 together. The Valuation Office is the State property valuation agency, headed by the Commissioner of Valuation. The Office provides statutory valuations under the provisions of the Valuation Act, 2001. It also provides a valuation consultancy service to Government departments and public bodies. On foot of a request, the Valuation Office provided a...

Written Answers — Departmental Agencies: Departmental Agencies (17 May 2011)

Michael Noonan: The day-to-day management, including the human resource function, of all of the agencies under the remit of my Department is a matter for the respective heads of the agencies concerned. However, with specific regard to NAMA, Section 42(1) of the National Asset Management Agency Act, 2009 provides that the NTMA shall assign so many of its staff to NAMA as the Board determines, upon the...

Written Answers — Credit Guarantee Scheme: Credit Guarantee Scheme (17 May 2011)

Michael Noonan: As I indicated last week, in accordance with the commitment in the Programme for Government, we will be initiating a tendering process for the development of a temporary, partial credit guarantee scheme. The design of the scheme will draw from international experience to support new lending that would not otherwise have been extended by the banks. In this way, the scheme will complement,...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: I would point out that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. The rate of VAT applicable to the supply of hurleys is the standard rate, which in Ireland is 21%. Under EU law there is no scope for applying a reduced rate of VAT to the supply of hurleys or other sports equipment.

Written Answers — State Laboratory: State Laboratory (17 May 2011)

Michael Noonan: There are currently no vacancies in the State Laboratory.