Results 11,941-11,960 of 27,019 for speaker:Michael Noonan

Order of Business (9 Apr 2014)

Michael Noonan: It is proposed to take No. 4, Central Bank Bill 2014 - Order for Second Stage and Second Stage. Private Members' business shall be No. 45, Wind Turbine Regulation Bill 2014 - Second Stage (Resumed), to conclude at 9 p.m. tonight, if not previously concluded. Tomorrow's business after Oral Questions shall be No. a1, Fines (Payment and Recovery) Bill 2013 - Amendments from the Seanad; No. 3,...

Leaders' Questions (9 Apr 2014)

Michael Noonan: I am simply telling the Deputy what was reported. I assume it was an accurate report of the committee's proceedings.

Leaders' Questions (9 Apr 2014)

Michael Noonan: When the Deputy quotes people he should quote them in context and give the full quotation. Selectively quoting to make some kind of political point is not helpful.

Leaders' Questions (9 Apr 2014)

Michael Noonan: It is the Government's policy that people will continue to live in their family homes and that solutions other than repossession will be put in place. It is also our policy that the lending institutions that have entered into agreements with the Central Bank will keep those agreements and meet their targets. To date, they are doing so, and 54,000 permanent solutions have been offered. We...

Leaders' Questions (9 Apr 2014)

Michael Noonan: I assume that Bank of Ireland will appear before the committee in the coming days. The Deputy can raise his points directly with the representatives of the banks. I do not know whether the CEO will be appearing but if he is, I am sure he will be anxious to reply to the points raised. Bank salaries were capped at €500,000 by this Government. The arrangements for the CEO of Bank of...

Leaders' Questions (9 Apr 2014)

Michael Noonan: I replied to that question yesterday when I told the Deputy the position. I do not believe in gesture politics or idle symbolic gestures. The State has 14% of Bank of Ireland. How we vote on this issue at the AGM does not matter. It is going to go through anyway, and it sends a signal-----

Leaders' Questions (9 Apr 2014)

Michael Noonan: The consideration I have to take into account is the kind of signal it would send to the wider investment community, which is anxious to invest in Ireland through the activities of the IDA and the purchase of property.

Leaders' Questions (9 Apr 2014)

Michael Noonan: It is an issue that has to be considered carefully and I do not want to do anything that would damage the reputation of Ireland internationally by seeming to interfere in a commercial entity. I will consider the Deputy's submission and let him know what we will do in due course.

Leaders' Questions (9 Apr 2014)

Michael Noonan: I thank the Deputy for his question. There is no doubt that one of the harshest and dire consequences of the economic collapse from 2008 to 2011 was the indebtedness of many of our fellow citizens, particularly couples who could not afford to pay their mortgages. The Government has addressed this issue with the very strong assistance of the Central Bank. There has been agreement across the...

Leaders' Questions (9 Apr 2014)

Michael Noonan: It is the clear objective of the Government that persons in mortgage distress should continue to live in the family home and that from the range of solutions available, solutions other than repossession should apply. It is also true that unless repossession is part of the legal system, there will be no mortgage market because nobody will lend unless there is legal potential to realise the...

Leaders' Questions (9 Apr 2014)

Michael Noonan: While Ulster Bank is regulated by the Central Bank, we do not have a shareholding in it. We do, however, have 99% of the shares in AIB and 14% of the shares in Bank of Ireland. I read in this morning’s newspapers what the chief executive of Ulster Bank had said at the committee yesterday. It was not as blunt as Deputy Micheál Martin represented it. What he said was that the...

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: Changes to the carbon tax are a matter for the annual budget/finance bill cycle.  In this context changes to the carbon tax would be for consideration for Budget 2015.

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, in general, if a single payment entitlement is sold without land then VAT will be due at the standard rate of 23% on the sale if the sale proceeds exceed the relevant threshold for registration (currently €37,500 per 12 month period). A farmer who exceeds the threshold by virtue of selling a payment entitlement is obliged to register for...

Written Answers — Department of Finance: Property Taxation Deferrals (9 Apr 2014)

Michael Noonan: I am advised by Revenue that a member of the Local Property Tax (LPT) team has made direct contact with the person in question on foot of the Deputy's question.  The person provided all of the required information with regard to her financial circumstances and the LPT official confirmed to her that she qualified for a full deferral of her 2014 LPT liability based on her income. The LPT...

Written Answers — Department of Finance: Property Taxation Deferrals (9 Apr 2014)

Michael Noonan: The Deputy will be aware that the Local Property Tax (LPT) regime includes arrangements whereby a person may opt to defer, or partially defer, payment of the tax if certain conditions are met. Part 12 of the Finance (Local Property Tax) Act 2012 (as amended) provides for four separate categories of deferral of LPT; Income Threshold, Personal Representative of a Deceased Person, Personal...

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: I announced in Budget 2014 my intention to instigate a reform of the appeal system for tax matters, including a reform of the role, functions and structure of the Office of the Appeal Commissioners.  The appeal system has been under consideration over a number of years.  There have been proposals for changes to the appeals system from representative bodies, and a number of reports...

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that capital gains tax legislation provides that certain transfers of assets between spouses are treated as giving rise to neither a gain nor a loss for capital gains tax purposes.  Such transfers include transfers of assets from one spouse to the other under a separation agreement.  However, there is no relief available where an asset is...

Written Answers — Department of Finance: Property Taxation Administration (9 Apr 2014)

Michael Noonan: I previously referred to this issue in my reply to Question Nos. 72 of 3 December 2013. Revenue has confirmed to me that a Local Property Tax (LPT) Return and payment were received from the person in question in respect of 2013. However, due to a data error on the LPT Property Register the person did not receive a payment reminder from Revenue in respect of 2014. Revenue has further...

Leaders' Questions (8 Apr 2014)

Michael Noonan: Táim ag ruaig air.

Other Questions: IBRC Mortgage Loan Book (8 Apr 2014)

Michael Noonan: I did not introduce the legislation first because the sale was moving along a tight timeline and the legislation was complex. It will take some time to bring it to a conclusion. The other reason is that we had guarantees from the potential purchasers that they would honour the codes of practice set down by the Central Bank. They are reputable organisations and there is no reason to doubt...