Results 11,581-11,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Communications (13 May 2014)

Michael Noonan: In response to the Deputy's question phone calls into or out of my Department are not currently being recorded nor have they been recorded in past.

Written Answers — Department of Finance: Mortgage Arrears Proposals (13 May 2014)

Michael Noonan: I propose to take Questions Nos. 206 and 208 together. As statutory regulatory of credit institutions, the Central Bank has the power, from both a prudential and consumer protection perspective, to require banks to meaningfully and sustainably address mortgage arrears cases on their books.  The Deputies will be aware that the Central Bank's Mortgage Arrears Resolution Targets process,...

Written Answers — Department of Finance: Carbon Tax Implementation (13 May 2014)

Michael Noonan: Although Carbon Tax was introduced in Budget 2010 for fossil fuels, its application  to solid fuels was delayed to allow for the development of a robust mechanism to counter the large scale sourcing of coal from Northern Ireland where lower sulphur standards apply. The Department of the Environment undertook to provide such a robust mechanism in conjunction with the National...

Written Answers — Department of Finance: IBRC Liquidation (13 May 2014)

Michael Noonan: Unfortunately I am not in a position to provide a response in relation to the first part of this question as it appears to be outside my area of responsibility as Minister for Finance. In relation to the number of Irish Credit Unions that have been classed as unsecured creditors in the liquidation of IBRC I understand that there are 16 Credit Unions that held tracker bonds in IBRC...

Written Answers — Department of Finance: Household Charge Collection (13 May 2014)

Michael Noonan: I am advised by Revenue that the record provided to it by the Local Government Management Agency (LGMA) in respect of the property in question indicated that the Household Charge (HHC) was not paid and that an exemption or waiver certificate had not issued. Revenue is satisfied from its own review of the case that the person in question is the registered owner of the relevant property...

Written Answers — Department of Finance: Vehicle Registration (13 May 2014)

Michael Noonan: Section 135(1)(b)(i), Finance Act 1992 provides for temporary exemption from registration for a vehicle brought into the State by an individual established in the State and for their private or business use.  The individual concerned must be employed by an employer established in another Member State who provides the vehicle as part of a contract of employment, and the vehicle must be...

Written Answers — Department of Finance: Companies Law (13 May 2014)

Michael Noonan: I propose to take Questions Nos. 212 and 213 together. I have no responsibility for matters pertaining to the Companies Registration Office. Responsibility in this regard lies with my colleague the Minister for Jobs, Enterprise and Innovation.

Written Answers — Department of Finance: Property Taxation Exemptions (13 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that according to Local Property Tax (LPT) statistics recently published on their website: , the exemption under section 10B of the Finance (Local Property Tax) Act 2012 (as amended) was claimed in respect of about 1,700 residential properties. Section 10B provides that an exemption from the charge to LPT may apply to a residential property...

Written Answers — Department of Finance: Universal Health Insurance Provision (13 May 2014)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and the Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced.  It is applied at a low rate on a wide base.  I should point out that it was never intended that...

Written Answers — Department of Finance: EU-IMF Programme of Support (13 May 2014)

Michael Noonan: The Government's decision on 14 November 2013 that Ireland would exit its EU-IMF programme on 15December 2013 without a pre-arranged precautionary credit line, followed a broad consultation process and a careful and thorough assessment of all the available options. While the decision was finely balanced, it is the case that since taking the decision we have enjoyed a significant amount of...

Written Answers — Department of Finance: Universal Social Charge Review (13 May 2014)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and the Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced.  It is applied at a low rate on a wide base.  I should point out that it was never intended that...

Written Answers — Department of Finance: Tax Exemptions (13 May 2014)

Michael Noonan: On 1 May, 2014 I announced my intention to provide a capital gains tax (CGT) exemption in this year's Finance Bill to certain farmers who dispose of their single farm payment entitlements on foot of changes being introduced under the new EU Common Agriculture Policy (CAP). The exemption is to be provided on any chargeable gains arising from the disposal by the owners of payment...

Written Answers — Department of Finance: Living City Initiative (13 May 2014)

Michael Noonan: The Living City Initiative, announced in Finance Bill 2013, is a pilot project which provides certain tax incentives to make it more attractive for people to live in historic and culturally significant city centre houses. The initiative also offers incentives for retailers and small businesses in those areas. This Initiative is subject to EU State Aid approval and a commencement order. An...

Written Answers — Department of Finance: State Banking Sector (13 May 2014)

Michael Noonan: The State held preference shares in Bank of Ireland with a nominal value of €1,837m. The State sold preference shares with a nominal value of €1,300m to Baggot Securities Limited. The preference shares were sold at a 4.75% premium to nominal value thereby yielding a profit of approximately €62m for the State. The total proceeds from...

Written Answers — Department of Finance: VAT Exemptions (13 May 2014)

Michael Noonan: The acceptance of bets is exempt from VAT by virtue of paragraph 10(1) of Schedule 1 of the VAT Consolidation Act 2010. Where a person is exempt from VAT they do not charge VAT on their supply of goods or services and they are not entitled to claim VAT incurred on their business purchases.  This means that bookmakers do not register for VAT, do not charge VAT on bets accepted and cannot...

Written Answers — Department of Finance: Tax Rebates (13 May 2014)

Michael Noonan: Section 469 of the Taxes Consolidation Act 1997 provides for relief in respect of qualifying expenses incurred in the provision of health care in a tax year against the tax paid by an individual for that year.  Health care is defined as the prevention, diagnosis, alleviation or treatment of an ailment, injury, infirmity, defect or disability, and includes care received by a woman in...

Written Answers — Department of Finance: Departmental Bodies Data (13 May 2014)

Michael Noonan: In response to the Deputy's question no State agencies or public bodies under the aegis of my Department have been abolished in the period since 2011. However, I will be publishing legislation shortly which will, inter alia, propose to simplify and streamline NTMA governance structures. The NTMA was set up to manage the National Debt in 1990 and has taken on a range of additional functions...

Written Answers — Department of Finance: Departmental Staff Data (13 May 2014)

Michael Noonan: The following tables outlines the details in relation to average age of staff in my Department from 2010 to date. - Dec-10 Dec-11 Dec-12 Dec-13 Apr-14 Sec/A.Sec 52 50 50 50 50 PO 52 50 50 51 52 AP 49 49 45 46 46 HEO 45 47 43 44 44 AO 35 35 32 33 33 EO 43 42 43 44 43 SO 50 50 52 54 54 CO 43 42 42 43 44 Serv. Off/Att 49 50 49 51 51 *Other 49 58 52 41 45 DEPT AVERAGE 46 45 43 44 44...

Written Answers — Department of Finance: Ministerial Travel (13 May 2014)

Michael Noonan: As the Deputy will be aware, I normally attend the meetings of the Eurogroup and the Economic and Financial Affairs Council (Ecofin) each month. These regular meetings provide an important opportunity to engage with my fellow EU Finance Ministers and members of the European Central Bank. From time to time there are additional special Finance Ministerial meetings but as of now the schedule...

Central Bank Bill 2014: Report and Final Stages (8 May 2014)

Michael Noonan: As my position has not changed since Committee Stage, the Deputies will not be surprised to hear that I am not accepting the amendment. As I said on Committee Stage, there are a number of issues with it. First, it would prevent the sale of mortgages to an entity which was in the process of obtaining authorisation from the Central Bank. It could also potentially prevent the sale of these...