Results 11,421-11,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Cost (27 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the full year cost to the Exchequer, estimated by reference to 2014 incomes, of increasing the standard income tax band in the order of €260, €520, €1,040, €1,560, €2,080 and €2,600, while also maintaining the current monetary differences between the single persons standard band and the various other...

Written Answers — Department of Finance: Insurance Industry (27 May 2014)

Michael Noonan: I propose to take Questions Nos. 83, 103, 135, 152, 153 and 170 together. My officials have been in discussions with the Central Bank of Ireland, with the Setanta Liquidator and with the insurance industry representative bodies and I have asked them to convey my wish that every effort is made to facilitate Setanta policyholders in obtaining new motor insurance policies and in understanding...

Written Answers — Department of Finance: Tax Credits (27 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that correspondence was received from the taxpayer by Revenue in March 2013, requesting issue of a Tax Credit Certificate to the taxpayer's then employer. When the certificate issued the taxpayer's employment had ceased. In May 2013 further correspondence was received by Revenue from the taxpayer requesting a transfer of details relating to the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (27 May 2014)

Michael Noonan: I propose to take Questions Nos. 85 and 86 together. An "authorised person" for the purposes of the Disabled Drivers and Disabled Passengers Scheme is defined in section 136 of the Finance Act, 1992 as a person authorised by the Revenue Commissioners to manufacture, distribute, deal in, deliver, store, repair or modify unregistered vehicles and to convert registered vehicles. The tax...

Written Answers — Department of Finance: Tax Credits (27 May 2014)

Michael Noonan: I am advised by the Office of the Revenue Commissioners the individual's file has been amended to reflect the new PPSN. A revised Tax Credit Certificate issued to the person concerned and to her employer on the 16thMay 2014. The person concerned should contact her employer to have the details of her payslip amended to reflect the change.

Written Answers — Department of Finance: IBRC Mortgage Loan Book (27 May 2014)

Michael Noonan: The Government is keenly aware of the concerns raised by the Central Bank and others regarding the potential loss of protection under the Code of Conduct on Mortgage Arrears (CCMA).  The Government is committed to bringing forward legislation that will protect mortgage holders and believes the sale of loan books to unregulated third parties Bill is the most effective way to address...

Written Answers — Department of Finance: Central Bank of Ireland (27 May 2014)

Michael Noonan: I propose to take Questions Nos. 89 and 141 together. The Central Bank (Supervision and Enforcement) Act 2013 amended the Central Bank Act 1997 to introduce a regulatory regime for debt management firms. The Central Bank is responsible for the authorisation and supervision of such firms. I am informed that the Central Bank issued a consultation paper on 1 August 2013 in respect of the...

Written Answers — Department of Finance: Credit Unions (27 May 2014)

Michael Noonan: I propose to take Questions Nos. 90 to 92, inclusive, 94 and 95 together. Credit unions have an important role to play in providing credit in local communities around the country and I am supportive of safe and responsible lending by credit unions.  I am very much aware of the issues currently facing the credit union sector. To address lending issues the Registrar of Credit...

Written Answers — Department of Finance: Credit Unions Regulation (27 May 2014)

Michael Noonan: The Commission on Credit Unions in its final Report recommended a tiered regulatory approach for credit unions. This will allow certain credit unions take on a more sophisticated business model. In December 2013, the Registrar of Credit Unions at the Central Bank issued a consultation paper on a  proposed tiered regulatory approach in order to provide an...

Written Answers — Department of Finance: Credit Unions Restructuring (27 May 2014)

Michael Noonan: The Credit Union Restructuring Board (ReBo) was established on a timebound basis in line with recommendations in the Report of the Commission on Credit Unions.  ReBo is working towards the timetable set out in the Report, with a view to completing the restructuring process by the end of 2015.  At that stage a review of the operation of ReBo in accordance with section 43 of...

Written Answers — Department of Finance: Credit Unions Restructuring (27 May 2014)

Michael Noonan: The Credit Union Restructuring Board - ReBo, has incurred expenditure of circa €1.3m from its establishment until 30 April 2014, in fulfilment of its legislative mandate. This amount is made up of the following: - Approximately €220,000 of this relates to approved direct funding for credit union restructuring costs. - Approximately €700,000 relates to ReBo...

Written Answers — Department of Finance: Tax Exemptions (27 May 2014)

Michael Noonan: Revenue has advised me that following contact with the Deputy's office, it was confirmed that the Question relates to both exemption from Local Property Tax (LPT) and waiver from Household Charge (HHC) Revenue has also advised that properties located in 'unfinished' housing estates must be included on 'prescribed lists' approved by the Minister for the Environment, Community and Local...

Written Answers — Department of Finance: Tax Code (27 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners   that 'haulage' vehicles owned by or registered in the name of a company registered in Northern Ireland may be driven or used by persons established in the State, provided that the company in question has its only or principal place of business outside the State.  In such instances, the vehicles may be used only for business purposes...

Written Answers — Department of Finance: Tax Credits (27 May 2014)

Michael Noonan: The Single Parent Child Carer Credit is designed to be an in-work benefit to support the primary carer to take up, or remain in, employment. As a result of an amendment which I brought forward at Committee Stage of the Finance Bill, a primary carer who is entitled to the credit and who does not wish to avail of it can choose to relinquish it.  A secondary carer may then make a...

Written Answers — Department of Finance: Tax Exemptions (27 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that while there is no specific exemption from Local Property Tax (LPT) for a person with a disability, a residential property occupied by an individual who is disabled may qualify for a reduction in the market value of the property for LPT purposes. In instances where a residential property is occupied by an individual who is permanently and totally...

Written Answers — Department of Finance: Banks Recapitalisation (27 May 2014)

Michael Noonan: The Euro-area Heads of State or Government agreed in June 2012 that "it is imperative to break the vicious circle between banks and sovereigns", and that when a Single Supervisory Mechanism (SSM), involving the ECB, is in place and operational, the European Stability Mechanism could recapitalize banks directly. The Eurogroup meeting on 20 June 2013 agreed on the main features of the...

Written Answers — Department of Finance: Departmental Communications (27 May 2014)

Michael Noonan: The Department has an Information and Communications Technology Usage policy (Office Notice 1/2006) which applies to: - Those who use the Department's ICT facilities, whether they be permanent, temporary, contract staff or otherwise; - To all use of Department ICT facilities both during and outside normal office hours, whether for business or personal use, - To all use of and interaction with...

Written Answers — Department of Finance: Central Bank of Ireland (27 May 2014)

Michael Noonan: The Central Bank of Ireland is independent in the exercise of its functions and the management of its investment holdings are a matter for the Bank itself.  Therefore, I am not in a position to confirm what actions the Governor of the Central Bank of Ireland may or may not take. Subsequent to the liquidation of IBRC, the Bank acquired €25bn of Floating Rate Notes (FRNs) and...

Written Answers — Department of Finance: Sovereign Debt (27 May 2014)

Michael Noonan: I propose to take Questions Nos. 106 and 107 together. The National Treasury Management Agency (NTMA) issued eight new Floating Rate Treasury Bonds to the Central Bank of Ireland (CBI) on 8 February 2013 to replace the Promissory Notes previously held by IBRC. The bonds have maturities ranging from 25 to 40 years and pay interest every six months in mid-June and in mid-December based on...

Written Answers — Department of Finance: Sovereign Debt (27 May 2014)

Michael Noonan: The Central Bank of Ireland is independent in the exercise of its functions and the management of its investment holdings is a matter for the bank itself.  Neither I nor the Department of Finance have any role in those matters. Subsequent to the liquidation of IBRC the Central Bank acquired €25bn of Floating Rate Notes (FRNs) and €3.46bn of Government Fixed...