Results 12,041-12,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Collection (8 Apr 2014)

Michael Noonan: The Deputy will be aware that prior to 1 July 2013, the Household Charge was administered by the Local Government Management Agency (LGMA).  From 1 July 2013, in accordance with section 156 of the Finance (Local Property Tax) Act 2012 (as amended) any arrears of Household Charge became €200 per residential property, the charge was converted to Local Property Tax (LPT) and the...

Written Answers — Department of Finance: Tax Rebates (8 Apr 2014)

Michael Noonan: The Universal Social Charge (USC) is payable when an individual's gross income exceeds a threshold of €10,036 per annum. In this case, the income of the individual concerned for USC in 2013 was €13,046.89. The first €10,036 of income was liable at 2% and the balance of €3,010.89 was liable at 4%. On this basis, the total USC payable for 2013 was...

Written Answers — Department of Finance: Motor Tax Exemptions (8 Apr 2014)

Michael Noonan: In response to the Deputy's questions my Department does not possess a fleet of motor vehicles. In relation to bodies under the aegis of My Department the office of the Revenue Commissioners have supplied me with the following information in respect of the motor vehicles in their possession. Currently there are 223 motor vehicles in Revenue's fleet. All of these are exempt from the payment of...

Written Answers — Department of Finance: Negative Equity Mortgages Value (8 Apr 2014)

Michael Noonan: As the Deputy may be aware, it is not appropriate for me to comment on or become involved in an individual borrower's dealings with a financial services provider. Mortgage lending decisions must be undertaken on a sustainable and prudential basis by financial institutions and must conform fully with the regulatory requirements, both in relation to the financial institution itself,...

Written Answers — Department of Finance: EU Programmes (8 Apr 2014)

Michael Noonan: Each Member State is required to submit an annual update of its Stability Programme (Convergence Programme in the case of non-euro area Member States) in April, outlining the overall fiscal stance over the short- and medium-term. The Government intends to publish its 2014 Update of the Stability Programme in draft format by mid-April.  Following engagement with the Houses...

Written Answers — Department of Finance: Costais Aistriúcháin (8 Apr 2014)

Michael Noonan: Ba é €10,202.25 an méid iomlán a caitheadh in 2013 ar dhoiciméid a aistriú do mo Roinn. Níor tabhaíodh aon chostas eile ach amháin d'aistriúcháin ó Bhéarla go Gaeilge. Ba é €23.114 milliún (neamhiniúchta) an costas riaracháin don Vóta Airgeadais in 2013. 

Written Answers — Department of Finance: Mortgage Arrears Proposals (8 Apr 2014)

Michael Noonan: AIB and PTSB have confirmed that they have met the Q4 2013 mortgage arrears resolution targets with borrowers who are in arrears on their mortgages by more than 90 days and the banks have continued to prioritise the achievement of subsequent targets including the Q2 2014 target. It should be noted that where appropriate, the banks may appoint third parties to engage with...

Written Answers — Department of Finance: Tax Code (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 96 and 97 together. As I have said previously in this House, as a rule we do not comment on the tax regimes of other jurisdictions. However, the OECD has consistently stated that low corporation tax rates combined with a broad base is the best way to encourage economic growth while still maintaining tax revenues. That is what we have being doing for many...

Written Answers — Department of Finance: Tax Code (8 Apr 2014)

Michael Noonan: In advance of Budget 2014, I met, along with Minister Howlin, a number of representative organisations including IBEC, ICTU, the IFA, the ICMSA, the Construction Industry Federation and the Community and Voluntary Pillar.  During these meetings, a broad range of issues were discussed including their tax proposals, which I considered in the context of Budget 2014.    In...

Written Answers — Department of Finance: Central Bank of Ireland (8 Apr 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 these matters. The Central Bank has undertaken that a minimum amount of bonds will be sold in accordance with the following schedule: to end 2014: €0.5bn, 2015-2018:...

Written Answers — Department of Finance: State Debt (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 101 to 103, inclusive, 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...

Written Answers — Department of Finance: Central Bank of Ireland (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 104 and 105 together. The Central Bank of Ireland is independent in the exercise of its functions and the management of it's investment holdings are a matter for the bank themselves, neither I nor the Department of Finance have any role in the matter. The Central Bank normally reports in detail on its balance sheet only at annual intervals. The...

Written Answers — Department of Finance: National Treasury Management Agency Bond Issues (8 Apr 2014)

Michael Noonan: The primary role of the National Treasury Management Agency is to ensure that sufficient funding is available at all times to meet the day-to-day requirements of the Exchequer. It is a matter for the Agency to decide when and how much to borrow in the light of those needs, commercial considerations surrounding the raising of debt on the markets and the need to maintain an appropriate level of...

Written Answers — Department of Finance: Small and Medium Enterprises Debt (8 Apr 2014)

Michael Noonan: In June 2013 the Central Bank set quarterly institution-specific performance targets for covered banks to move distressed SME borrowers onto longer-term forbearance solutions.  The targets set reflect the banks' capacity, processes and systems.  The Central Bank has informed the officials in my Department that the banks have reported that they have met their required targets to...

Written Answers — Department of Finance: Central Bank of Ireland (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 109 and 110 together. 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 themselves, neither I nor the Department of Finance have any role in the matter. The Central Bank of Ireland provide the Department of Finance with an estimate of expected surplus income...

Written Answers — Department of Finance: Revenue Commissioners Resources (8 Apr 2014)

Michael Noonan: I am taking it that the Deputy is referring to follow up activity in relation to property owners who are not complying with their Local Property Tax (LPT) obligations.  In this regard, I am advised by the Revenue Commissioners that very little activity of this nature has taken place to date and accordingly it is not possible to disaggregate the numbers as requested by the Deputy. ...

Written Answers — Department of Finance: Bank Debt Restructuring (8 Apr 2014)

Michael Noonan: As the Deputy is aware, I, in my role as Minister for Finance, have no statutory function in relation to banking decisions made by individual lending institutions at any particular time. This includes the range of write down options available to borrowers. Notwithstanding the fact that the State is a shareholder in certain banks, I must ensure that these...

Written Answers — Department of Finance: Property Taxation Administration (8 Apr 2014)

Michael Noonan: I am advised by Revenue that since the introduction of Local Property Tax (LPT) in March 2013 Revenue has answered in excess of 1,000,000 telephone calls and has replied to in excess of 350,000 letters or emails. Revenue has confirmed to me that some delays were experienced in accessing the LPT Helpline in the days leading up to the 31 March LPT/Household Charge (HHC) compliance deadline....

Written Answers — Department of Finance: Bank Codes of Conduct (8 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 115, 117 and 122 together. The Code of Conduct on Mortgage Arrears (CCMA) sets out requirements for mortgage lenders dealing with borrowers facing or in mortgage arrears on a mortgage secured on their primary residence. The CCMA was put in place under section 117 of the Central Bank Act 1989 and lenders covered by the Code are required to comply with it as a...

Written Answers — Department of Finance: Property Taxation Assessments (8 Apr 2014)

Michael Noonan: I am advised by Revenue that a key aspect of the work undertaken in regard to Local Property Tax (LPT) was the development of a comprehensive Register of residential properties in the State. The Register was populated using data drawn from a range of sources including Revenue's own databases, the Local Government Management Agency database and data from various utility companies. The various...