Results 10,721-10,740 of 27,019 for speaker:Michael Noonan

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...

Written Answers — Department of Finance: Government Deficit (10 Jul 2014)

Michael Noonan: The most recent data in relation to the general government balance figures for the periods 2010-2014 and 2013-2018 are available in the 'March 2014 EDP' publication (available on the CSO and Eurostat websites) and the April 2014 'Stability Programme Update' publication respectively. As per the deputy's query the headline and underlying balance figures (under an ESA 95 basis) in relation to...

Written Answers — Department of Finance: State Banking Sector (10 Jul 2014)

Michael Noonan: I can confirm for the Deputy the following in relation to the current valuation of the State's remaining investments in AIB, Bank of Ireland and Permanent tsb.   Bank Investment Valuation Source Allied Irish Banks Equity €6.5bn NPRF (end 2013) - Preference Shares €3.5bn NPRF (end 2013) - Contingent capital (CoCo) €1.6bn Par redemption value Bank of...

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%,...