Results 12,241-12,260 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Portfolio (25 Mar 2014)

Michael Noonan: I am advised that the number of properties delivered for social housing by NAMA is published quarterly on both the NAMA and Housing Agency websites. At end-2013, 596 residential units had been delivered or contracted for delivery by NAMA. A breakdown as between houses and apartments is available at www.housing.ie/NAMA.

Written Answers — Department of Finance: House Prices (25 Mar 2014)

Michael Noonan: While it is true that we've seen a return to growth in residential property prices over the past year, it is important to remember that this pick-up follows a peak-to-trough decline of just over 50 per cent nationally over the preceding five years. Indeed, residential property prices nationally are still 47 per cent lower than at their highest level in September...

Written Answers — Department of Finance: Government Deficit (25 Mar 2014)

Michael Noonan: The latest fiscal and macro-economic forecasts were published as part of the Budget 2014 booklet. These forecasts estimated that the underlying general government deficit for 2014 would be 4.8% of GDP. My Department is currently working on an update to these forecasts, which will incorporate the latest economic and fiscal data. When finalised, the updated forecasts will be included in the...

Written Answers — Department of Finance: Budget Measures (25 Mar 2014)

Michael Noonan: Carryover measures from previous budgets are estimated to be broadly neutral in 2015 with a small negative carryover in the region of €10 million. The exact impacts of carryover will be reviewed as part of the Budget 2015 process, as there are a lot of moving parts to be considered, such as economic growth and specific tax relevant factors, which could impact on the expected return...

Written Answers — Department of Finance: Budget 2015 (25 Mar 2014)

Michael Noonan: Budget 2014 outlined a total adjustment package of €3.1bn. This comprised €2.5bn in expenditure cuts and tax increases complemented with additional resources / other savings of €0.6bn. These additional resources / other savings are made up of a number of items. Firstly, the NTMA Budget debt service estimate for 2014 is lower than the corresponding April SPU estimate, of...

Written Answers — Department of Finance: Budget 2015 (25 Mar 2014)

Michael Noonan: In advance of each Budget, the White Paper on Receipts and Expenditure is published, in accordance with the provisions of Article 28 of the Constitution. As the Deputy will be aware, the White Paper contains the fiscal forecast for the forthcoming year based on a position of no policy change. This forecast is based on the same macroeconomic and fiscal policy data as the forecast...

Written Answers — Department of Finance: European Stability Programmes (25 Mar 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 of...

Written Answers — Department of Finance: Tax Yield (25 Mar 2014)

Michael Noonan: The Revenue Commissioners prepare an annual report on the application of the high income individual's restriction.  The following figures on the numbers of individuals who fall within specific bands and the amount of additional tax raised are extracted from those reports:  -  - 2009 2010 2011 Up to €250,000 31 767 580 €250,001 €500,000 238 509 362...

Written Answers — Department of Finance: NAMA Loan Book (25 Mar 2014)

Michael Noonan: The par or nominal value of NAMA s Northern Ireland portfolio at the time of acquisition was €4 billion. It is not appropriate that NAMA discloses what it paid the participating institutions as consideration for the loans as there is a competitive bidding process underway. NAMA is not in a position to provide details of individual loans as it is prohibited under Sections 99 and 202...

Written Answers — Department of Finance: IBRC Staff (25 Mar 2014)

Michael Noonan: I have been advised by the Special Liquidators that the terms of contracts under which people are employed are similar to those terms that applied prior to the appointment of the Special Liquidators with the following exceptions; - All ROI employees were made redundant on the date of the appointment of the Special Liquidator (07 Feb 2013) and were immediately rehired on similar terms on a...

Written Answers — Department of Finance: Unfinished Housing Developments (25 Mar 2014)

Michael Noonan: The liquidation process for companies and the assignment of any proceeds under that process is governed by the Companies Acts which come under the aegis of my colleague, Mr Richard Bruton TD Minister for Enterprise, Jobs and Innovation. I understand that where the assets of development companies are liquidated they are transferred to various creditors in accordance with the normal hierarchy.

Written Answers — Department of Finance: Tax Credits (25 Mar 2014)

Michael Noonan: The Deputy will be aware that the One-Parent Family Credit has been replaced with a new Single Person Child Carer Credit from 1 January 2014.   The restructured credit is of the same value i.e. €1,650 per annum as the one-parent family credit and also includes the same entitlement to the additional €4,000 extended standard rate band, which increases it to...

Written Answers — Department of Finance: Bank Guarantee Scheme Bond Repayments (25 Mar 2014)

Michael Noonan: The outstanding Government Guarantees as at 31 December 2013 in relation to the Irish banking sector and the National Asset Management Agency are set out in the attached table. It should be noted that the total guarantees include a "double count" of €11.715 bn, as this risk is effectively covered both by the NAMA senior bond guarantee and by the guarantee to National Asset Resolution...

Written Answers — Department of Finance: State Debt (25 Mar 2014)

Michael Noonan: Under the European System of Accounts, the public sector consists of all entities controlled by government. It is split between general government and the public corporations. - General government in Ireland consists of the Exchequer, Government departments and offices, Local Authorities, and all public entities that are mainly financed by those bodies. General government debt is the...

Written Answers — Department of Finance: Tax Code (25 Mar 2014)

Michael Noonan: I assume that the Deputy is referring to a pension that, in the hands of a United States citizen, would be regarded as income for the purposes of United States tax.  On that basis,  I am informed by the Revenue Commissioners that, having regard to the terms of Article 18  of the Ireland-United States Double Taxation Agreement, a United States pension in consideration of past...

Written Answers — Department of Finance: Ministerial Staff (25 Mar 2014)

Michael Noonan: In my Department, the following civil service staff are assigned to work on constituency matters (no additional accommodation or expenses are involved or associated with these duties): Grade Salary Scale (per annum)   Wholetime equivalent 1 Personal Assistant    €43,715 - €56,060 1.00 1 Executive Officer  €30,516 - €49,837 1.00 1...

Written Answers — Department of Finance: Euro Coins Production (25 Mar 2014)

Michael Noonan: I have received from the Central Bank, the final report of the 'Wexford Rounding Trial', held in Wexford town last year. The report is being examined in my Department. Following that examination, a decision will be taken on any further action with regard to general use of 1c and 2c coins.

Written Answers — Department of Finance: International Bodies Membership (25 Mar 2014)

Michael Noonan: As indicated in the Government s policy document One World, One Future Ireland s Policy for International Development published in May of 2013, the potential benefits of membership of the African Development Bank are under on-going consideration. Ireland is currently a member of several Multilateral Development Banks (MDBs) such as the World Bank, Asian Development Bank, Council of...

Written Answers — Department of Finance: Tax Code (25 Mar 2014)

Michael Noonan: I have been advised by the Office of the Revenue Commissioners that in this case (details supplied) the person concerned is assessed jointly with her husband. The Department of Social Protection pension paid to her husband is taxed by a reduction of the credits and rate bands as outlined on the Tax Credit Certificate that issued on 10th January 2014.  Wicklow District, Office of the...

Written Answers — Department of Finance: Tax Code (25 Mar 2014)

Michael Noonan: A single farm payment entitlement is a chargeable asset for capital gains tax (CGT) purposes and once acquired it may be disposed of by way of sale, gift etc. Accordingly, gains arising from the disposal of single farm payment entitlements are chargeable to CGT in the same way as gains made on any other chargeable assets. Where total gains in any year do not exceed €1,270 they are not...