Results 11,221-11,240 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I assume the Deputy is referring to the European Commission's "Recommendation for a Council Recommendation on Ireland's 2014 national reform programme and delivering a Council opinion on Ireland's 2014 stability programme" which was published on June 2nd. Although this Recommendation does not contain any reference on a need to do more to address aggressive tax planning, the issue was...

Written Answers — Department of Finance: Legislative Measures (10 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 152 and 199 together. The following are the legislative provisions in respect of the Department of Finance which have been passed by the Oireachtas since 2011 but have yet to come into effect: Finance Act 2011 - Section 49(1) - Section 60(1)(c) Finance Act 2012 - Section 20 (d)  Credit Union and Co-operation with Overseas Regulators Act 2012: - Section...

Written Answers — Department of Finance: Mortgage Interest Relief Eligibility (10 Jun 2014)

Michael Noonan: I am informed by Revenue that the mortgage interest relief (MIR) 'guidance' referred to in the details supplied by the Deputy, predates the 2013 legislative changes made to Section 244 of the Taxes Consolidation Act 1997. As previously indicated, Section 9 of the 2013 Finance Act inserted  the conditions required to qualify for the relief beyond the 31 December 2012 deadline. ...

Written Answers — Department of Finance: Departmental Communications (10 Jun 2014)

Michael Noonan: As referred to in Parliamentary Question No. 104 of 27 May 2014, the Department's Information and Communications Technology Usage Policy implicitly prohibits the use of non-departmental email addresses to circumvent the terms of the policy. The use of non departmental phones for departmental business is not prohibited. The Department does use filtering software to monitor...

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

Michael Noonan: At the outset, I would like to say that both I, as Minister for Finance, and the Government are concerned over the situation that arose with regard to the Irish policyholders of Setanta Insurance Company Limited (Setanta).  My Department and the Central Bank will be reviewing the circumstances relating to Setanta and will be reporting to me on what lessons can be learnt...

Written Answers — Department of Finance: Drugs Crime (10 Jun 2014)

Michael Noonan: Section 13 of the 1993 Statistics Act provides that the Director General of the Central Statistics Office (CSO) has sole responsibility for, and is independent in, the exercise of the functions of deciding the statistical methodology and professional statistical standards used by the Office, as well as the content of statistical releases and publications issued...

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

Michael Noonan: The Deputy will be aware that I have put on record my belief that the income tax burden is currently too high in Ireland and that I believe it needs to be reduced. However, I have also said that although it is my intention to alleviate the burden I can only do so when the public finances allow it. I would advise the deputy that it is unlikely that a reduction in labour...

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

Michael Noonan: At the outset, I would like to say that both I, as Minister for Finance, and the Government are concerned over the situation that arose with regard to the Irish policyholders of Setanta Insurance Company Limited (Setanta).  My Department and the Central Bank will be reviewing the circumstances relating to Setanta and will be reporting to me on what lessons can be learnt...

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

Michael Noonan: At the outset, I would like to say that both I, as Minister for Finance, and the Government are concerned over the situation that arose with regard to the Irish policyholders of Setanta Insurance Company Limited (Setanta).  My Department and the Central Bank will be reviewing the circumstances relating to Setanta and will be reporting to me on what lessons can be learnt...

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

Michael Noonan: The Central Bank of Ireland maintains registers of authorised financial service providers which can be found at; . A requested list of the 744 insurance firms that are regulated in Ireland for conduct of business rules is titled "Non-Life Undertakings operating on a Freedom of Services Basis as at 08 May 2014" and can be found under the heading "Register of Life and Non-Life Insurance...

Written Answers — Department of Finance: Tax Forms (10 Jun 2014)

Michael Noonan: I am advised by the Revenue Commissioners that this taxpayer's record has been updated with the information received from  the customer on 21stMay 2014, and a revised P21 balancing statement, with a small refund, is in the course of being issued. The issue of an incorrect balancing statement on 29thMarch 2014 is regretted.  It occurred because of separate notifications of two social...

Written Answers — Department of Finance: European Stability Programmes (10 Jun 2014)

Michael Noonan: On 2 June 2014, the EU Commission published its proposals for Country Specific Recommendations (CSRs) for the 26 Member States across the EU who are not in a programme of financial assistance, as part of the 2014 European Semester. Only Greece and Cyprus did not receive CSRs this year. Having successfully exited the Programme of Financial Assistance, Ireland is now fully participating in...

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

Michael Noonan: I propose to take Questions Nos. 163, 164 and 188 together. At the outset, I would like to say that both I, as Minister for Finance, and the Government are concerned over the situation that arose with regard to the Irish policyholders of Setanta Insurance Company Limited (Setanta).  My Department and the Central Bank will be reviewing the circumstances relating to Setanta...

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

Michael Noonan: I propose to take Questions Nos. 165, 190 and 191 together. I am advised by Revenue that in accordance with Section 851A of the Taxes Consolidation Act 1997, it is precluded from disclosing any information in regard to the tax affairs of any taxpayer or business on the grounds of taxpayer confidentiality.

Written Answers — Department of Finance: NAMA Property Rental (10 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 166, 184 and 185 together. A detailed breakdown of the property securing NAMA's remaining loans by region and by sector is outlined on page 42 of its Annual Report and Financial Statements for 2013, which is available on the Agency's website, .  In evidence to the Dáil Committee of Public Accounts on 29thMay, NAMA indicated that it has an interest as...

Written Answers — Department of Finance: NAMA Property Leases (10 Jun 2014)

Michael Noonan: I am advised that, the Board of NAMA has approved the recommendation of the Receiver to Ballymun Shopping Centre to sell its 53% share in the Shopping Centre to Dublin City Council, which holds the remaining 47% interest, for a consideration of €2.5m.  The price is supported by an open market valuation.

Written Answers — Department of Finance: NAMA Transactions (10 Jun 2014)

Michael Noonan: I refer the Deputy to page 21 of NAMA's Annual Report and Financial Statements for 2013, which is available on the Agency's website, .  NAMA has, as set out in its Annual Report, advanced €373m to date across six transactions, four of which relate to properties in the Republic of Ireland and two in the UK.  These loans are fully performing.

Written Answers — Department of Finance: NAMA Accounts (10 Jun 2014)

Michael Noonan: In line with the NAMA Act 2009 the Section 55 Report and Accounts for Quarter 4 2013, was received in my Department on the 31st of March 2014.  The Section 55 Report and Accounts for Quarter 4 2013 was laid before the House together with NAMA's 2013 Annual Report following the Government meeting on the 27th of May 2014. Both of these documents are available in the...

Written Answers — Department of Finance: NAMA Transactions (10 Jun 2014)

Michael Noonan: As set out in NAMA's Annual Report and Financial Statements for 2013, which is available on the Agency's website, , NAMA Vendor Finance was introduced in 2012 at a time when many potential investors were constrained by a lack of access to bank finance.  A number of market changes arising out of the improved landscape and increased activity in the Irish property market from 2013 suggest...

Written Answers — Department of Finance: IBRC Liquidation (10 Jun 2014)

Michael Noonan: Irish Bank Resolution Corporation (IBRC), which is owned by the State and is currently subject to a liquidation process has been seeking control of security relating to very substantial loans to companies which were owned and controlled by the Quinn family. The total value of this lending was approximately €2.8 billion. The Bank sought to enforce its security in April 2011 only to...