Results 12,961-12,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Job Creation (23 Jan 2014)

Michael Noonan: It has not been possible to prepare a reply in the timeframe available. I will write to the Deputy once the issue raised has been explored.

Written Answers — Department of Finance: Insurance Coverage (23 Jan 2014)

Michael Noonan: At the outset, it should be noted that the issue of flood cover and its unavailability is one which I am familiar with. I am also very conscious of the difficulties that the absence of such cover can cause to householders and businesses. However, I am not in a position to direct insurance companies to provide flood cover to specific individuals. The issue of provision of new flood cover or...

Written Answers — Department of Finance: Revenue Documents Issuance (23 Jan 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they have no role in questions regarding to outstanding salary and a related P45, which are a matter between the employer and the employee in the first instance. However, Revenue understands that a Form P60 in respect of 2013 issued to the person concerned last week which should contain the necessary information relating to her pay and...

Written Answers — Department of Finance: Consultancy Contracts Data (23 Jan 2014)

Michael Noonan: The information requested by the Deputy is set out in the following table. Consultancy firms engaged in 2013 Details Fees paid Stratahree Website development €46,726.47 A & L Goodbody Solicitors Secretarial work €2,873.43 Arthur Cox Legal advice on restructuring of Irish banking system €1,728,406.71 Creative A.D Ltd Graphic design for Budget Day publications...

Written Answers — Department of Finance: NAMA Property Sales (23 Jan 2014)

Michael Noonan: I am advised by NAMA that, as per its public statement of 16 January 2014, which is available on its website, , 224 homes with a combined value in excess of €44m that were included in the 80/20 Deferred Payment Initiative have been sold since launch. Of those properties sold to date, 50% or 112 have been sold to purchasers availing of the 80/20 Deferred Payment Initiative through one...

Written Answers — Department of Finance: Financial Services Regulation (23 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that there are 13 financial institutions subject to the bank levy introduced in Finance (No 2) Act 2013. A further 6 financial institutions are excluded from the levy because their deposit interest retention tax for 2011 is below the de minimis threshold of €100,000. The legislation governing the bank levy is contained in Section 126AA of the...

Written Answers — Department of Finance: Bank Charges (23 Jan 2014)

Michael Noonan: I do not have access to the data requested. As the Deputy is aware, banks display in their branches a list of certain charges. Under Section 149 of the Consumer Credit Act, 1995 (as amended), credit Institutions and bureaux de change must notify the Central Bank of Ireland (the Central Bank) if they wish to introduce any new customer charge for providing a service or increase any existing...

Written Answers — Department of Finance: Tax Code (23 Jan 2014)

Michael Noonan: The diesel rebate scheme introduced by me under the Finance Act 2013 enables qualifying transport operators, including coach operators, to claim a repayment of part of the mineral oil tax paid on auto-diesel purchased in the State for use in qualifying vehicles in the course of business. There is no equivalent scheme in Northern Ireland. Under the rebate scheme, the amount of the repayment...

Written Answers — Department of Finance: VAT Exemptions (23 Jan 2014)

Michael Noonan: Local authorities engaged in the provision of off-street parking are treated for VAT purposes in the same way as other commercial entities providing a similar service of parking. The service is liable to VAT at the 23% standard rate. However, the provision of on-street parking is considered an activity engaged in by a local authority in exercise of a particular right or power conferred on...

Written Answers — Department of Finance: Tax Rebates (23 Jan 2014)

Michael Noonan: I propose to take Questions Nos. 52 and 53 together. I introduced this scheme under the Finance Act 2013 to provide for a repayment of part of the mineral oil tax paid on the purchase of auto-diesel used in the course of business by qualifying road haulage and bus operators. Provision was made for certain restrictions on the means by which the auto-diesel concerned may be purchased to...

Written Answers — Department of Finance: Banking Operations (23 Jan 2014)

Michael Noonan: On the appointment of the Special Liquidators, Irish Bank Resolution Corporation Limited was already in dialogue with the Revenue Commissioners in relation to an open tax audit. I have been advised that the Special Liquidators are working with the Revenue Commissioners to close outstanding tax issues. As these are matters which are still being reviewed and discussed between IBRC (In...

Written Answers — Department of Finance: Bond Markets (23 Jan 2014)

Michael Noonan: Moody's upgrade of Ireland by one notch to investment grade on 17 January is very good news. Ireland is now at investment grade with all five credit rating agencies and this will attract investors who had been hitherto unable to buy Irish government debt because their mandates did not allow them to invest where the credit rating agencies rated the investment below investment...

Written Answers — Department of Finance: Tax Reliefs Availability (23 Jan 2014)

Michael Noonan: The internationally-traded financial services sector is a valuable contributor to both employment and tax revenues in Ireland, employing an estimated 33,000 people, and generating approximately €1 billion in tax revenue annually. The success of this sector is founded on the experience and knowledge developed over the last 25 years, and on the ability of the sector to adapt and remain...

Written Answers — Department of Finance: European Stability Mechanism (23 Jan 2014)

Michael Noonan: I understand that you are referring to the comments made by Mr. Klaus Regling, Managing Director of the European Stability Mechanism (ESM) during his recent visit to Ireland. He addressed the Institute of International and European Affairs on Friday 17th January and earlier that day I met him in my Department.   During my meeting with Mr Regling, I updated him...

Written Answers — Department of Finance: NAMA Operations (23 Jan 2014)

Michael Noonan: The recent positive pricing reports and the NAMA announcement on the closure of the 80:20 as it has achieved its objectives are a welcome sign of stabilisation in the residential property market and a return to more sustainable, normalised conditions. Activity in the market has increased particularly in the larger urban areas but it will be some time before a...

Written Answers — Department of Finance: Credit Unions Restructuring (23 Jan 2014)

Michael Noonan: The Report of the Commission on Credit Unions was published in March 2012. One of the principal recommendations of the Report, which was agreed by all credit union stakeholders, was the establishment of a restructuring board to facilitate and oversee the restructuring of credit unions. The Credit Union and Co-operation  with Overseas Regulators Act 2012 - 2012 Act - established...

Written Answers — Department of Finance: Banking Sector Issues (23 Jan 2014)

Michael Noonan: Given the extent and nature of the financial crisis in Ireland it was inevitable that the banking sector would consolidate in order for the sector to better match the needs of the economy.  That process is still underway with the announcements last year by ACC Bank and Danske Bank.   I do expect that the restructuring of the banking sector in Ireland and the recovery of the...

Written Answers — Department of Finance: Mortgage Arrears Rate (23 Jan 2014)

Michael Noonan: The Government is aware of the significant difficulties some homeowners are facing in meeting their mortgage obligations and the Deputy will know that a comprehensive strategy to tackle the problem is in place. The Deputy will be aware of the Central Bank's Mortgage Arrears Resolution Targets (MART) announced last March which sets time bound and measurable targets for the main banks...

Written Answers — Department of Finance: IBRC Liquidation (23 Jan 2014)

Michael Noonan: I have been advised by the Special Liquidators that they will comply with their reporting obligations and as such the liquidation accounts will be filed with the CRO after two years of the liquidation and yearly thereafter. These accounts will detail the fees payable to KPMG arising from its work as Special Liquidators of IBRC.  The original rates agreed with the Special Liquidators are...

Written Answers — Department of Finance: Universal Social Charge Application (23 Jan 2014)

Michael Noonan: Section 531AAD of the Taxes Consolidation Act 1997 provides for a charge on bonus payments over €20,000 paid to employees of financial institutions that received financial support from the State under the Credit Institutions (Financial Support) Act 2008.  This charge, the excess bank remuneration charge, is incorporated into the Universal Social Charge and applies in all respects...