Results 12,921-12,940 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Expenditure (28 Jan 2014)

Michael Noonan: The table below sets out the payments made by my Department in respect of professional fees during the period 1 May 2011 to 31 December 2013: Type of Professional Service Company/Service Provider Name Amount  (€)  Consultancy Niamh Hyland €24,657.00 Consultancy David Barniville €36,402.00 Consultancy Charles River Associates €60,500.00...

Written Answers — Department of Finance: Tax Code (28 Jan 2014)

Michael Noonan: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax.  Each partner is a separate entity for tax purposes and, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married...

Written Answers — Department of Finance: Tax Code (28 Jan 2014)

Michael Noonan: The Inter-Departmental Group on the design of a local property tax, the Thornhill Group as it was referred to, recommended the creation of a sufficient number of tax bands to allow property owners to place their properties in an appropriate valuation band with reasonable confidence. The Group considered the owners should be able to do so without potentially being exposed to disproportionate...

Written Answers — Department of Finance: Tax Code (28 Jan 2014)

Michael Noonan: I announced in Budget 2014 a capital gains tax relief for entrepreneurs who reinvest the proceeds from the disposal of assets made on or after 1 January 2010 in certain chargeable business assets. The necessary legislation governing this relief is included in Section 45 of Finance (No 2) Act of 2013. Commencement of the relief is subject to EU state-aid approval. Subject to EU approval, the...

Written Answers — Department of Finance: State Savings Schemes (28 Jan 2014)

Michael Noonan: The National Treasury Management Agency (NTMA) have advised that An Post have carried out an enquiry into the issue raised. An Post have informed the NTMA that the relevant maturity option forms  were despatched to the registered address of the person but they were returned as undelivered because the postman could not effect a delivery to the specified...

Written Answers — Department of Finance: Investor Compensation Company Limited (28 Jan 2014)

Michael Noonan: The Deputy will be aware that the Central Bank maintains a page on its website where it provides up to date information on Custom House Capital ("CHC"). This can be accessed at . The Deputy will also be aware that the  Investor Compensation Company Limited (ICCL), established under the 1998 Investor Compensation Act, also maintains a page on...

Written Answers — Department of Finance: Appointments to State Boards (28 Jan 2014)

Michael Noonan: The individual concerned was appointed by the then Minister for Finance to the Board of the Central Bank, where he served a five year term from 12 February 1998 to 11 February 2003.

Written Answers — Department of Finance: Carer's Allowance Eligibility (28 Jan 2014)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit (OPFTC) has been replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. However, the credit will be more targeted, in that it will in the first instance, only be available to the principal carer of the child. Given the difficult fiscal environment, it is essential to review all tax reliefs, credits and...

Written Answers — Department of Finance: Mortgage Arrears Proposals (28 Jan 2014)

Michael Noonan: The strong view of the Government is that, in respect of co-operating borrowers under the Mortgage Arrears Resolution Process, repossession of a person's primary home should only be considered as a last resort and that every effort should be made to agree a sustainable arrangement as an alternative to repossession. I can assure the Deputy that both my Department and I have expressed this...

Written Answers — Department of Finance: Freedom of Information Requests (28 Jan 2014)

Michael Noonan: I assume the Deputy is referring to the two missing letters which were part of an FOI request to this Department.  Both letters post date the bank guarantee. My Department answered a freedom of information request received from a Deputy in December 2013 in which the Deputy sought a review of a decision in respect of an FOI received in 2009 which covered all correspondence between...

Written Answers — Department of Finance: Property Taxation Assessments (28 Jan 2014)

Michael Noonan: Commercial rates, which are deductible for tax purposes against rental income, are levied by local authorities on property used for commercial purposes; as commercial rates are not payable in respect of residential property, which is instead liable to Local Property Tax (LPT), there is no distinction in the liability of landlords to LPT. The inter-departmental group,...

Written Answers — Department of Finance: Property Taxation Data (28 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that preliminary Local Property Tax (LPT) data on payment options chosen by property owners was published by them on 7 November 2013 and is available at: . These preliminary figures were based on the 2014 Payment Instruction that had been filed by property owners up to 7 November.  The Commissioners have confirmed that while the percentage...

Written Answers — Department of Finance: Tax Compliance (28 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the identified companies operate across a variety of business sectors such as retail, hospitality and property development. The beneficiaries under the scheme were the company shareholders and hence the tax assessments under appeal relate to the shareholders as distinct from the companies. Any tax liabilities that arise will be pursued by the...

Written Answers — Department of Finance: VAT Rate Application (28 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the supply of dog grooming services is liable to VAT at the standard rate, currently 23 per cent.  Paragraph 21(3) of Schedule 3 to the Value-Added Tax Consolidated Act 2010 provides that the supply of services by a veterinary surgeon in the course of their profession is liable at the reduced rate of VAT, currently 13.5%.  Where a...

Written Answers — Department of Finance: NAMA Operations (28 Jan 2014)

Michael Noonan: As the Deputy will be aware the appointment of service providers is a commercial decision for the Board of NAMA, I have no role in this process. I refer the Deputy to NAMA's public statement on this matter which sets out the decision by the NAMA Board.  It is available on its website at .

Written Answers — Department of Finance: European Financial Stability Facility (28 Jan 2014)

Michael Noonan: The Eurogroup meeting of Euro-area Finance Ministers decided on 21 January 2013 to examine the extension of maturities on Portugal's and Ireland's European Financial Stability Facility (EFSF) loans. At the Economic and Financial Affairs Council (Ecofin) on 22 January 2013 the Finance Ministers representing the 27 EU member states  agreed to examine the maturities of the loans drawn...

Written Answers — Department of Finance: EU-IMF Programme of Support (28 Jan 2014)

Michael Noonan: As of end-December 2013, the nominal liability of loans from the IMF under the EU/IMF Programme stood at €22.5 billion. The details of the individual IMF loan amounts as provided by the NTMA are set out in table format below. The table also provides information on the IMF loan maturities. As of end-December 2013 the overall blended euro equivalent interest rate on Ireland's IMF loan is...

Written Answers — Department of Finance: EU-IMF Programme of Support (28 Jan 2014)

Michael Noonan: It would be possible for Ireland to make early repayment of the EU/IMF funding. However, each source of funding forms an integrated part of our EU/IMF programme funding (totalling €67.5 billion), and as such cannot be separated out from the funding received from our other programme partners. The question of early repayment of any one lender cannot therefore be treated in isolation...

Written Answers — Department of Finance: Credit Guarantee Scheme Implementation (28 Jan 2014)

Michael Noonan: As the Deputy is aware, the ELG Scheme closed for new liabilities at midnight on the 28th March 2013. Eligible liabilities covered under the Scheme which were incurred up to midnight on the 28th March 2013 continue to be covered up to their maturity date which could be up to 5 years maximum from the date the liability was incurred. This means that covered liabilities will wind down over the...

Written Answers — Department of Finance: State Banking Sector (28 Jan 2014)

Michael Noonan: I can confirm to the Deputy that, since the State first invested in the banks, the following disposals have been made: Date of disposal Bank Transaction Total proceeds - including accrued interest/dividend April 2010 Bank of Ireland Cancellation of preference share warrants €491m December 2010 Allied Irish Banks Cancellation of preference share warrants €53m* ...