Results 11,901-11,920 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Forms (15 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, according to their records, the person concerned is neither self employed nor has he held an employment in the last ten years.   Revenue is not in a position to issue notices of assessment until the person in question makes a tax return.  However, depending on the circumstances it may be that some other form of evidence will be...

Written Answers — Department of Finance: Tax Exemptions (15 Apr 2014)

Michael Noonan: I am advised by Revenue that for reasons of taxpayer confidentiality it cannot comment upon the tax affairs of individual bodies. However, Revenue has also informed me that in order to avail of a charitable tax exemption a body or trust must be established for charitable purposes only and must apply all of its income to charitable purposes. I am assured that procedures are in place to...

Written Answers — Department of Finance: Financial Services Ombudsman Staff (15 Apr 2014)

Michael Noonan: The Financial Services Ombudsman s Bureau was established under the Central Bank and Financial Services Authority of Ireland Act, 2004. The legislation provides for an independent, impartial investigation and resolution of disputes between consumers and Financial Service Providers. I have been advised by the Financial Services Ombudsman  that the staff of the Bureau is composed...

Written Answers — Department of Finance: Consumer Protection (15 Apr 2014)

Michael Noonan: The Markets in Financial Instruments Directive regime provides common consumer protection in relation to investment services and financial markets throughout the European Union. The nature of individual investment products is often complicated and it is prudent for non expert investors to take professional advice. In advance of investing in investment products consumers should ensure...

Written Answers — Department of Finance: Deposit Protection Scheme Issuse (15 Apr 2014)

Michael Noonan: The Central Bank of Ireland is responsible for the operation of the Deposit Protection (Guarantee) Scheme (DGS), which covers licensed credit institutions operating in the State.  Each credit institution covered by the DGS is required to maintain a balance in the Deposit Protection Account (DPA) equivalent to 0.2% of their total deposits in order to fund the DGS. I am advised by...

Written Answers — Department of Finance: National Car Test (15 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that Section 131, Finance Act 1992 provides that the Commissioners may appoint a competent person to carry out certain functions relating to the registration of vehicles in the State.  With effect from 1 September 2010, Applus Car Testing Service Limited was appointed as the competent person to carry out these VRT-related functions through their...

Written Answers — Department of Finance: Tax Yield (15 Apr 2014)

Michael Noonan: I assume that the Deputy refers to an extension of the standard rate income tax band, which would apply similarly to single and widowed persons, as well as to single person child carers. The proposed extension to the standard rate band is assumed to also apply to married couples and civil partnerships. On this basis, I am informed by the Revenue Commissioners that the full year cost to the...

Written Answers — Department of Finance: Bank IT Systems (15 Apr 2014)

Michael Noonan: Customers have a legitimate expectation of high quality, uninterrupted services, whether provided through traditional or online channels. It is my role as Minister for Finance to put in place an appropriate legislative framework for the regulation of the financial services sector. The Central Bank is responsible for prudential supervision and financial regulation including consumer...

Written Answers — Department of Finance: Tax Credits (10 Apr 2014)

Michael Noonan: I would like to assure the Deputy that tax credits for single parents have not been abolished. However, the One-Parent Family Tax Credit has been restructured and replaced with a new Single Person Child Carer Credit from 1 January 2014. The new credit is more targeted, in that it is in the first instance, only available to the principal carer of the child. Given...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 35 to 37, inclusive, together. I am advised by the Special Liquidators that residential mortgage holders can redeem their loans at par at any time. I am further advised that between the 1st February 2013 (the Special Liquidators were appointed on 6 February 2013) and the 31st March 2014, approximately 600 mortgage accounts have been...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 38 and 39 together. No final decision has been made as to the number of IBRC residential loans that NAMA may acquire from the Special Liquidators (SLs).  However as previously advised, NAMA has made appropriate preparations, including the selection of Pepper Asset Servicing (Pepper) through a competitive tendering process as its preferred bidder to...

Written Answers — Department of Finance: IMF Loan Issues (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 40 and 41 together. As I have previously outlined in my replies to PQ's 178 (6839/14) of 11 February 2014 and 21 (16171/14) of 8 April 2014, the question of early repayment of any one lender cannot be treated in isolation from other lenders and market expectations for when programme loans are due to be repaid. The early repayment of IMF funds would...

Written Answers — Department of Finance: Dormant Accounts Fund Administration (10 Apr 2014)

Michael Noonan: The relevant institutions have provided me with the following details regarding classifying accounts as dormant, however if the Deputy wishes to forward some further specific information about problems that she is aware of, I would be happy to investigate the matter further. AIB including EBS AIB is committed to reuniting customers with their lost or forgotten accounts (also known...

Written Answers — Department of Finance: Carbon Tax Yield (10 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional yield for 2013 from Carbon Tax on solid fuel (introduced with effect from 1 May 2013) was €7.3m. The projected yield for 2014 is €21.5m, this includes the additional yield from the higher rates that come into effect from 1 May 2014, which are estimated to yield €7.2m in the current year and €14.4m in...

Order of Business (9 Apr 2014)

Michael Noonan: Second Stage (resumed) of the Wind Turbine Regulation Bill 2014 is to conclude at 9 p.m. tonight, if not previously concluded. I think the Deputy is referring to a Private Members' Bill. Is that correct, Deputy?

Order of Business (9 Apr 2014)

Michael Noonan: There is some discussion on that matter to see how it might proceed.

Order of Business (9 Apr 2014)

Michael Noonan: The mediation Bill will be before us later on this year. We have no date for the other Bill the Deputy raised.

Order of Business (9 Apr 2014)

Michael Noonan: I am sorry, but I am not familiar with the commitment from the Department of the Environment, Community and Local Government to bring forward such a protocol. I will get back to the Deputy with the details.

Order of Business (9 Apr 2014)

Michael Noonan: The high incidence of receiverships has been a very serious issue, arising, as Deputy Brian Walsh outlined, from the collapse in the economy. If the Deputy has specific measures in mind, he should communicate with me and I will have his proposals assessed in the context of the forthcoming finance Bill.

Order of Business (9 Apr 2014)

Michael Noonan: The first Bill is on its way to the committee. It has been before the House for some time now. A second Bill is promised and we should see it in about one month.