Results 12,421-12,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Social Housing Provision (4 Mar 2014)

Michael Noonan: Decisions relating to the location of social housing are a matter for local authorities by reference to national and local planning and housing policy.  A major factor is the amount already in place in certain areas where the local authority and housing agency does not see it as being desirable to have increased levels of social housing. Neither NAMA nor the Minister for Finance has...

Written Answers — Department of Finance: NAMA Debtor Agreements (4 Mar 2014)

Michael Noonan: I am advised by NAMA that it has received 320 applications for rent abatement through its debtors and receivers.  Of these 276 applications have been approved, 34 are currently being assessed and 10 have been refused.  The aggregate annual value of approved rent abatements is, to date, €18m.  NAMA has also granted long-term rent reliefs with a value in excess of...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (4 Mar 2014)

Michael Noonan: There is an obligation on the Special Liquidators to ensure that maximum value is extracted from the loan sales process for the benefit of all the creditors of IBRC including the State. The Special Liquidators appointed PwC as independent advisors to value the residential mortgage portfolio and also to provide independent advice in developing a robust and credible sales strategy for...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (4 Mar 2014)

Michael Noonan: There is an obligation on the Special Liquidators to ensure that maximum value is extracted from the loan sales process for the benefit of all the creditors of IBRC including the State. On the appointment of the Special Liquidators, I instructed them to arrange for the valuation of IBRC s loan assets by independent advisors and to ensure that the valuation of all loan assets was completed on...

Written Answers — Department of Finance: IBRC Loans (4 Mar 2014)

Michael Noonan: I am advised by the Special Liquidators that 2% of borrowers were not allowed to bid for their own loans. The Special Liqidators would like to clarify that they have stated that 33 Borrower Groups, representing 0.2% of total Borrower Groups, were and are being offered for sale on a standalone basis. The total par value of these 33 Borrower Groups will not be disclosed as this is...

Written Answers — Department of Finance: Departmental Agencies Staff Remuneration (4 Mar 2014)

Michael Noonan: In response to the Deputy's question bodies under the aegis of my Department are fully compliant with the consolidated  public sector pay scales and top-up payments have not been made to staff of these agencies.

Written Answers — Department of Finance: Credit Availability (4 Mar 2014)

Michael Noonan: The Central Bank's Code of Conduct for Business Lending to Small and Medium Enterprises provides that a regulated entity must not impose unreasonable personal guarantee requirements on borrowers. In addition, where a regulated entity seeks collateral or a personal guarantee to support a lending proposition it must explain clearly the possible implications for the guarantor of giving such...

Written Answers — Department of Finance: Tax Collection (27 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that following a procurement process carried out during 2008, in accordance with the public sector procurement rules, Applus Car Testing Limited (who also have responsibility for the operation of the National Car Testing Service (NCTS)) were appointed and authorised to carry out specified registration functions in relation to the operation of VRT and...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (27 Feb 2014)

Michael Noonan: As the Deputy is aware, my officials and officials in the Central Bank are in communication in relation to the application of the CCMA to entities that are not regulated by the Central Bank of Ireland. I also welcome the voluntary agreement reached between the Special Liquidators of IBRC and the unregulated bidders for the IBRC mortgage book in relation to the application of the Code of...

Written Answers — Department of Finance: Tax Code (27 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a person may claim income tax relief at the 20% income tax rate on the cost of gluten-free foods manufactured specifically for coeliacs.  A letter from a doctor is required, which states that the individual, in respect of whom the expense was incurred, has the condition. However, as is the case with all claims to tax relief, relief is...

Written Answers — Department of Finance: Bank Charges (27 Feb 2014)

Michael Noonan: Firstly, I must confirm to the Deputy that the lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. It is not appropriate for me, as Minister for Finance, to comment on or become involved in the detailed mortgage position of mortgage holders. In relation to the details provided by the Deputy, the...

Written Answers — Department of Finance: Tax Code (27 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that Revenue records indicate that the person concerned is single. A tax credit notification for 2014, based on the information available to Revenue, issued to the employer of the person concerned on 9th December 2013. Copies of the tax credit certificate issued to the person concerned on 7th and 13th February 2014. If the individual...

Written Answers — Department of Finance: Fuel Rebate Scheme (27 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners who have responsibility for the collection of mineral oil products tax and for tackling the illicit trade in mineral oil products that the system of marking gas oil (diesel) has been an efficient means of delivering a tax rebate on a product used by a very large number of users across a wide range of uses.  These uses extend well beyond...

Written Answers — Department of Finance: Tobacco Smuggling (27 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 58 and 81 together. I am informed by the Revenue Commissioners that Revenue currently has three mobile scanner systems. Two of these are mobile x-ray container scanning systems that are based at Dublin Port and Rosslare Ferry Port respectively. Both of these scanners are available for deployment at other ports, and at other locations such as warehouses, as...

Written Answers — Department of Finance: Liquor Licensing Laws (27 Feb 2014)

Michael Noonan: Under the existing arrangements, separate retailers' off-licences require a licence for each type of alcohol they sell for each premises. Excise duty on off-licences is currently set at €500 each per licence for a beer, wine or spirits off-licence. This means that a typical off-licence premises offering the full range of alcoholic beverages for sale pays €1,500 per...

Written Answers — Department of Finance: Living City Initiative (27 Feb 2014)

Michael Noonan: The Deputy will be aware that I announced in my Budget Statement that the Living City Initiative, which was enacted in the Finance Act 2013, would be extended to now include the cities of Dublin, Cork, Galway and Kilkenny as well the original target cities of Limerick and Waterford. The inclusion of these four cities within the Initiative followed the results of a thorough independent ex ante...

Written Answers — Department of Finance: Tax Residency Issues (27 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the Domicile levy returns and payments in respect of the domicile levy for the year 2013 are not due until 31 October 2014. As the Domicile Levy is a self-assessment tax, with the onus on the taxpayer to declare their liability, it is not possible for Revenue to provide an estimate of the total Domicile Levy liability that is not paid....

Written Answers — Department of Finance: Revenue Commissioners Investigations (27 Feb 2014)

Michael Noonan: The Revenue Commissioners have supplied the following Tables showing details of their compliance programmes for the years 2010 to 2013.  I am advised that the Revenue Commissioners normally report their compliance performance in terms of compliance yield.  Yield includes tax, interest and penalties paid, together with amounts which are the subject of enforcement action. Amounts sent...

Written Answers — Department of Finance: Universal Social Charge Application (27 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they do not have the details necessary to determine the position regarding the universal charge for 2013. They have written to the person concerned to ascertain the relevant information necessary to carry out a review of the liability for 2013. A review of the liability will be carried out on receipt of the necessary information.

Written Answers — Department of Finance: Mortgage Arrears Proposals (27 Feb 2014)

Michael Noonan: It is recognised that some borrowers in mortgage arrears may also be experiencing difficulty with the repayment of other debts from other lenders.  While the Code of Conduct on Mortgage Arrears only applies to a mortgage loan which is secured on a primary residence, the Code nevertheless places an onus on the mortgage lender, when assessing a case under the MARP process, to take...