Results 18,181-18,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Deposit Protection Account (18 Dec 2014)

Michael Noonan: Credit institutions are required to maintain 0.2% of total deposits in the Deposit Protection Account. The end year balance in the Deposit Protection Account since 2011 is as follows: Year € 2011 €435m 2012 €403m 2013 €380m 2014 €390m

Written Answers — Department of Finance: IBRC Loans (18 Dec 2014)

Michael Noonan: I am advised by the Special Liquidators of IBRC that they consider the requested information to be commercially sensitive and therefore will not be releasing this information.

Written Answers — Department of Finance: Banking Sector Remuneration (18 Dec 2014)

Michael Noonan: The Review of Remuneration Practices & Frameworks at the Covered Institutions (the "Mercer Report") was published by my Department on 12th March 2013. Following the publication I requested that the three banks in which the State is a shareholder make savings in total remuneration costs of 6% to 10%.  The three banks responded with their individual...

Written Answers — Department of Finance: Credit Unions (18 Dec 2014)

Michael Noonan: I agreed to the Governor of the Central Bank's request for the payment of a financial incentive of up to €53.9 million to transfer the assets and liabilities - excluding the premises, of Newbridge Credit Union Limited to permanent tsb (ptsb). All assets and liabilities of Newbridge Credit Union Limited - excluding the premises - were transferred...

Written Answers — Department of Finance: Credit Unions (18 Dec 2014)

Michael Noonan: I have been informed by the Central Bank that the only Special Manager appointment to a credit union to date was the appointment of Luke Charlton of Ernst & Young to act as Special Manager for Newbridge Credit Union Limited. From 13 January 2012 to 26 April 2013 a total of €1,252,142 in Special Manager fees was approved by the High Court. At an early point the...

Written Answers — Department of Finance: NAMA Portfolio (18 Dec 2014)

Michael Noonan: I am been advised by NAMA that it has approved disposals by debtors of non-real estate assets with an aggregate value in excess of €246m.  Such assets include shares and other investments as well as artwork, jewellery, fixed assets other goods.

Written Answers — Department of Finance: Deposit Guarantee Scheme (18 Dec 2014)

Michael Noonan: The Central Bank of Ireland is responsible for the operation of the Deposit Guarantee Scheme (DGS), which covers licensed credit institutions operating in the State. The DGS covers deposits up to € 100,000 per eligible depositor per credit institution. The amount of covered deposits currently stands at approximately €85bn.

Written Answers — Department of Finance: Prize Bonds (18 Dec 2014)

Michael Noonan: The NTMA have advised the following in relation to the question asked by the Deputy: - 2011 2012 2013 Prize Bonds outstandings at end year in € million 1,449 1,649 1,932 Total value of prizes awarded in € million 42 46 35.2

Written Answers — Department of Finance: State Savings Value (18 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 140 and 141 together. State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of Government savings products offered by the NTMA to personal savers. All State Savings money form part of the sovereign debt of Ireland, the repayment of which is a direct, unconditional obligation of the State....

Written Answers — Department of Finance: Income Data (18 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that it is estimated that there will be 130,705 income earners earning between 17,000 and 20,000 in 2015. The Deputy may wish to know that estimates for a series of income levels are published on the Commissioners' Statistics webpage at under the Ready Reckoner section, in the "Ready Reckoner Post-Budget 2015" file.

Written Answers — Department of Finance: Private Residential Tenancies Board Remit (18 Dec 2014)

Michael Noonan: The private rented sector is an increasingly important element of the housing market with the proportion of households in the sector almost doubling in the period 2006-2011.  Approximately 1 in 5 households are now renting their home in the private sector. The grounds upon which a tenancy in the private rented sector may be legally terminated are set out in the Residential Tenancies...

Written Answers — Department of Finance: Tax Data (18 Dec 2014)

Michael Noonan: I am advised by Revenue that it reports on the tax debt as at 31 March each year. On 31 March 2014 the total outstanding debt amounted to €1.840 billion. This figure includes €751m of debt that was under appeal to the Appeal Commissioners and €80m of insolvency debt. The remaining 'Debt Available for Collection' amount of €1.009 billion is regarded as a more...

Written Answers — Department of Finance: Departmental Staff Data (18 Dec 2014)

Michael Noonan: The information requested by the Deputy in relation to subsistence claims by - and the refund of all taxi costs to - staff is set out in the table below. As regards staff taxi payments, benefit in kind would only arise in respect of journeys to, or from, the place of employment of an employee where these are on a regular basis and not in compliance with the other criteria set...

Written Answers — Department of Finance: Departmental Legal Costs (18 Dec 2014)

Michael Noonan: Consultancy costs for the period in question (which includes legal costs) are now provided on my Department's website. The total legal costs incurred by my Department in 2011, 2012 and 2013 are outlined in the table below: Year 2011 2012 2013 Legal Costs €1,434,119 €3,169,031 €2,887,327 Some €1.25m has been expended to date in 2014 in respect of transactional,...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (18 Dec 2014)

Michael Noonan: I take it that the Deputy is referring solely to external public relations costs and not to advertising costs that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, etc. For the years in question (20112014 to date) no such costs were incurred by my...

Written Answers — Department of Finance: Tax Reliefs Availability (18 Dec 2014)

Michael Noonan: It is assumed that the Deputy is referring to the Special Assignee Relief Programme (SARP). As the Deputy will be aware, my officials, in conjunction with the Revenue Commissioners, conducted a review of SARP in advance of this year's Budget. The review analysed aspects of the scheme such as the background and rationale for the programme and data available from the Revenue Commissioners...

Written Answers — Department of Finance: Tax Code (18 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned must prepare, or have prepared on his behalf, accounts in respect of his business for the period covering from the final date of his last set of accounts prepared to date of cessation of his business. He should also submit a return of income (or returns of income if the final accounts are for a period greater than 12...

Written Answers — Department of Finance: VAT Exemptions (14 Jan 2015)

Michael Noonan: The supply of water by local authorities and Irish Water is exempt from VAT. This VAT exemptions applies to all supplies of water, including supplies to domestic households, businesses and others. Ireland's long standing VAT exemption for the supply of water is currently contained in paragraph 14(2) of Schedule 1 to the VAT Consolidation Act 2010. The exemption is based on a derogation from...

Written Answers — Department of Finance: Corporation Tax Regime (14 Jan 2015)

Michael Noonan: I am informed by the Revenue Commissioners that Corporation Tax returns for the years 2011 and 2012, the latest full year available, indicate that the number of companies that returned profits under the tonnage tax regime was 38 and 39 respectively. As regards the names of the companies , the Revenue Commissioners' obligation to observe confidentiality for taxpayers precludes them from giving...

Written Answers — Department of Finance: Property Tax Data (14 Jan 2015)

Michael Noonan: I am advised by Revenue that the person to whom the Deputy refers is paid up to date in respect of her Local Property Tax (LPT) and Household Charge (HHC) liabilities. However, due to a technical error, a refund of LPT amounting to €38.08 in respect of the 2014 liability was incorrectly generated and sent to her on 6 December 2014, which has unfortunately created an 'underpayment' of...