Results 12,601-12,620 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Rebates (20 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they have written to the person concerned for the details necessary to establish his entitlements for 2013.  On receipt of his reply a PAYE Balancing Statement (P21) will issue to the person concerned.

Written Answers — Department of Finance: Tax Credits (20 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that an extensive information campaign has been underway since the Incentive was announced by me in my Budget speech last October. The campaign was launched through information on the Revenue website which included detailed Frequently Asked Questions for both Homeowners and Contractors.  This was highlighted through direct engagement with...

Written Answers — Department of Finance: Fuel Laundering (20 Feb 2014)

Michael Noonan: I am sure the Deputy will appreciate that it is inherently difficult to estimate the extent of any illicit activity and its impact on the exchequer and the wider economy.  The Revenue Commissioners advise me that, while there is no reliable estimate of the scale of illegal activity in the fuel sector, they recognise that the laundering of markers from rebated fuels represents a...

Written Answers — Department of Finance: Tax Reliefs Cost (20 Feb 2014)

Michael Noonan: I have no plans at this time to carry out a general review of existing capital gains tax reliefs. In recognition of the economic climate in recent years I and previous Ministers for Finance have sought to obtain an additional contribution from capital gains tax by increasing the rate as follows: Disposals made: from 6 December 2012 onwards - 33%, from 7 December 2011 to 5 December...

Written Answers — Department of Finance: Data Protection (20 Feb 2014)

Michael Noonan: Under the Data Protection Acts 1988 and 2003, my Department as both a data controller and data processor has registered its details with the Data Protection Commissioner. Our recently recruited Compliance Officer is tasked with the supervision of the application of the Act within the Department.

Written Answers — Department of Finance: Pensions Levy Issues (20 Feb 2014)

Michael Noonan: 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% to, among other things, continue to help fund the Jobs Initiative. The additional levy, within the existing legal framework, will apply to pension fund...

Written Answers — Department of Finance: Property Taxation Administration (20 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 55 to 57, inclusive, together. I am informed by the Revenue Commissioners that in their implementation of the LPT data was exchanged between Government Departments, State agencies, semi State bodies and the Revenue Commissioners. Sections 151 and 153 of the Finance (Local Property Tax) Act 2012 (as amended) enable the Revenue Commissioners to request...

Written Answers — Department of Finance: Tax Collection (20 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a Tax Credit Certificate issued to the named individual on 14/08/2013 and to his employer on 13/08/2013 for the tax year 2013. A Tax Credit Certificate issued for the tax year 2014 on the 09/12/2013 to the employer of the named individual and on the 16/12/2013 to the named individual. Based on the returns received by Revenue from the employer in...

Written Answers — Department of Finance: NAMA Portfolio (20 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 59 and 79 together. The Special Liquidators are continuing to implement the orderly and efficient wind down of IBRC in accordance with the provisions of the IBRC Act and the Ministerial Instructions. The sales processes in relation to the assets are on-going and are expected to be completed over the coming months. While I am pleased with the progress made by...

Written Answers — Department of Finance: NAMA Loan Book (20 Feb 2014)

Michael Noonan: As set out in the NAMA Section 55 Quarterly Report to 30 September 2013, the book value of NAMA's loans at that date was €20.7bn.  Details relating to the book value of NAMA loans will be set out, in line with IFRS accountancy requirements, in its annual report for 2013, which will be published in the coming months.   On December 4th, 2013, NAMA announced...

Written Answers — Department of Finance: Central Bank of Ireland (20 Feb 2014)

Michael Noonan: Under the Central Bank Act 1942, the employment of staff at the Central Bank and their terms and conditions are matters for the Central Bank Commission.  I have no role in sanctioning conditions of employment of staff in the Central Bank. Whilst the Central Bank of Ireland is empowered under the Central Bank Act 1942 to set the terms and conditions of employment of its staff, I...

Written Answers — Department of Finance: Credit Unions (20 Feb 2014)

Michael Noonan: The Registrar of Credit Unions at the Central Bank is responsible for the regulation of credit unions. With regard to the credit in question, I have been informed by the Central Bank that for reasons of confidentiality it cannot comment on individual credit unions. Credit unions are required to hold an Annual General Meeting (AGM), in accordance with...

Written Answers — Department of Finance: Departmental Contracts Data (20 Feb 2014)

Michael Noonan: The replies to the  questions cited have issued by letter from my office to the Deputy. In addition to information concerning the Department, the  questions sought information in relation to the Department's agencies and the Central Bank, which was not directly accessible by the Department. This meant that the replies were not available immediately.

Written Answers — Department of Finance: Mortgage Loan Books Issues (20 Feb 2014)

Michael Noonan: I understand that a number of the unregulated purchasers of mortgage loan books are abiding by the Central Bank's Code of Conduct on Mortgage Arrears on a voluntary basis. The application of the protections provided to mortgage holders under the Central Bank's Code to loan books which have been sold by regulated financial institutions to unregulated financial...

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Feb 2014)

Michael Noonan: The Central Bank's Code of Conduct on Mortgage Arrears (CCMA) places an onus on the banks in respect of a co-operating borrower, to explore all the options for offering an alternative repayment arrangement to address a mortgage difficulty and provides a strong consumer protection framework to ensure that those borrowers in difficulty with their mortgage repayments are treated in a fair and...

Written Answers — Department of Finance: Fiscal Policy (20 Feb 2014)

Michael Noonan: While the Government remains committed to achieving the target deficit of less than 3% of GDP by 2015, Government policy on any such measures deemed necessary will be finalised closer to Budget 2015, when the most up to date economic and fiscal information is available.  Any measures announced will continue to be implemented in as fair and equitable way as possible while fostering...

Written Answers — Department of Finance: Economic Growth (20 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 67 and 69 together. Signs of economic recovery are increasingly evident.  In the third quarter of last year, GDP increased by 1.5 per cent; while fourth quarter figures are not yet available, high frequency data are reasonably encouraging. The resumption of economic growth reflects the improvement in our competitiveness that we have seen in recent...

Written Answers — Department of Finance: Fiscal Policy (20 Feb 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: Economic Data (20 Feb 2014)

Michael Noonan: Annual data on gross domestic product (GDP) per capita across the EU are available from Eurostat. These figures show that in 2012, Ireland's GDP per capita adjusted for Purchasing Power Standards was €33,200, the fifth highest in Europe and third highest in the euro area, behind only Luxembourg and Austria. The level in Ireland compares to an average of €25,500...

Written Answers — Department of Finance: Banking Sector Regulation (20 Feb 2014)

Michael Noonan: The withdrawal of banking institutions from the Irish market must be considered against a backdrop of a comprehensive programme of bank recapitalisation and restructuring that has been underway to change the future banking landscape in Ireland and abroad. While it is disappointing that ACC and Danske Bank have taken this decision, it is noted that one of the key features of...