Results 12,301-12,320 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Corporation Tax (13 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 62 and 63 together. I am precluded from discussing the tax affairs of any particular individual or company. However, I am aware of recent media reports which refer to the ways that some companies structure their international tax affairs to minimise their tax costs, and the fact that some of these reports make reference to Irish companies being part of...

Written Answers — Department of Finance: Universal Social Charge Payments (13 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that based on the limited information given it is not possible to provide an answer to the question.  However, general information on payment of preliminary tax is available from the Revenue website at: .

Written Answers — Department of Finance: House Prices (12 Mar 2014)

Michael Noonan: My Department is of course aware of price developments in the housing market. When assessing the recent pick-up in house prices it is important to remember that residential property prices fell by just over 50 per cent from peak-to-trough and residential property prices nationally are still 47 per cent lower than at their highest level in September 2007. Indeed, while much of the attention...

Written Answers — Department of Finance: Tax Collection (12 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the customer concerned has only recently registered for Income Tax. The customer's agent has been advised that the returns made to Revenue are incomplete and that it is not currently possible to issue notices of assessment.  The taxpayer should contact Mr. Mick Duggan, Revenue Commissioners, Revenue House, Blackpool, Cork at 021-6027232.

Written Answers — Department of Finance: Banking Sector Issues (12 Mar 2014)

Michael Noonan: I recently received a number of letters and emails from Ulster Bank employees on the issues raised in this letter. I understand and appreciate their concerns and responded directly. In Autumn 2013, following a review of its operations by the UK Treasury, RBS reaffirmed its commitment to the Irish market.  As part of that process, Treasury officials engaged with officials from my...

Written Answers — Department of Finance: Ministerial Meetings (12 Mar 2014)

Michael Noonan: Since taking office, there have been no official meetings between me or officials of my Department and the company referred to in the question (Communicorp Group Ltd.). Nor have there been such meetings between me or officials of my Department and representatives to said company. For the sake of completeness, I should inform the Deputy that as referenced in the Department of Finance Annual...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (12 Mar 2014)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), and exemption from motor tax, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities.  To enter the Scheme the person with the disability must be in possession of a Primary...

Written Answers — Department of Finance: Departmental Reports (12 Mar 2014)

Michael Noonan: A fully comprehensive response regrettably could not be compiled in the time available. My officials have requested the outstanding material from the various agencies and this will be forwarded to the Deputy as soon as it is available. In reply to the Deputy's question, we have however included in the table below what information is available at this juncture. ...

Written Answers — Department of Finance: Financial Services Regulation (12 Mar 2014)

Michael Noonan: As Minister for Finance, I do not have the primary role in relation to amending the law in relation to the Statute of Limitations.  This is a matter which has broad legal application and, as such, would fall for consideration, in the first instance, by my colleague the Minister for Justice and Equality. Turning specifically to Payment Protection Insurance issue, the...

Written Answers — Department of Finance: Mortgage Arrears Proposals (11 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 55 and 75 together. In any mortgage or other contract situation, there is an obligation on the parties to meet and fulfil their obligations as provided for in the contract.  However, it is recognised that there are a number of primary home and buy to let mortgage borrowers who are experiencing genuine difficulty in meeting their mortgage repayment...

Written Answers — Department of Finance: Pensions Levy Issues (11 Mar 2014)

Michael Noonan: The pension fund levy is a matter under my responsibility. I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 will be abolished from the 31st of December 2014. I have, however, introduced an additional levy on pension funds at 0.15% for 2014 and 2015. I am doing this to, among other things, continue to help fund the Jobs...

Written Answers — Department of Finance: Construction Sector Strategy (11 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 57 and 58 together. As the Deputy will be aware, the level of housing output in the economy for any given year is the consequence of the interaction of supply and demand factors.  While the demand  for housing is a function of a number of economic and demographic factors, it is clear that current levels of housing output are running below estimates...

Written Answers — Department of Finance: Mortgage Arrears Proposals (11 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 59, 60 and 96 together. The Central Bank's Code of Conduct on Mortgage Arrears (CCMA) provides that each bank must put in place a formal Mortgage Arrears Resolution Process (MARP) to deal with its mortgage customers who are in arrears or pre-arrears and for the establishment of dedicated arrears support units and appeals processes to handle such cases. ...

Written Answers — Department of Finance: Mortgage Arrears Proposals (11 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 61, 62, 89, 90, 97, 98 and 104 together. The Central Bank's latest 'Residential Mortgage Arrears and Repossessions Statistics' publication for the end of Q4 2013, shows that the number of mortgage accounts for principal dwelling houses (PDH) in arrears, fell for the second consecutive quarter. A total of 136,564 of accounts were in arrears at end December...

Written Answers — Department of Finance: Banking Sector Staff Issues (11 Mar 2014)

Michael Noonan: As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) and the payment of bonuses in any form is not permitted. Within these policy confines, it is a matter for the Boards and...

Written Answers — Department of Finance: NAMA Portfolio (11 Mar 2014)

Michael Noonan: NAMA does not own any residential properties in Northern Ireland and, consequently, is not engaged in the direct sale of such properties, whether for social housing or other purposes.  Where residential property is held as security for debts owed to NAMA it is legally owned by debtors.  The number of units held as security is less than 1,000. The sale of such property is conducted...

Written Answers — Department of Finance: NAMA Operations (11 Mar 2014)

Michael Noonan: I propose to take Questions Nos. 65 and 66 together. I am advised that NAMA has, since inception, approved €160m in new advances to Northern Ireland debtors; €55m had been approved to May 2012. As per my response of 18 February 2014 to Parliamentary Questions Nos. 212 and 213, 1% of the May 2012 total and 2% of the total to December 2013 were drawn down in Northern Ireland.

Written Answers — Department of Finance: NAMA Operations (11 Mar 2014)

Michael Noonan: As the enforcement process may apply to part of a debtor connection but not necessarily all of it, a useful measure of NAMA enforcement activity is the number of properties or groups or properties which have been enforced.  NAMA advises it has taken enforcement action in respect to 2,209 properties or groups of properties, all of which are listed on the NAMA website,...

Written Answers — Department of Finance: NAMA Operations (11 Mar 2014)

Michael Noonan: The details of the NAMA Board are as follows. My officials are currently in the process of examining the issue of Board vacancies.  Name Ends Brendan McDonagh Ex-Officio John Corrigan Ex- Officio Frank Daly (Chairman) Dec 2014 Brian McEnery Dec 2018 Willie Soffe Dec 2018 Oliver Ellingham April 2018

Written Answers — Department of Finance: NAMA Operations (11 Mar 2014)

Michael Noonan: The Board Member in questions was appointed to the Board in May 2010 for a period of three years and his term ended in May 2013. NAMA became aware that he would cease to be a Board Member in April 2013.