Results 13,021-13,040 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (21 Jan 2014)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme came into operation on 25 October 2013 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence.  ...

Written Answers — Department of Finance: NAMA Social Housing Provision (21 Jan 2014)

Michael Noonan: As the Deputy is aware, NAMA is working closely with the Department of the Environment, Community and Local Government (DECLG) and the Housing Agency, which has responsibility for the provision of social housing, to facilitate local authorities and approved housing bodies to purchase and lease properties for social housing.  NAMA has, to date, identified almost 4,400 properties as being...

Written Answers — Department of Finance: Tax Collection (21 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the latest relevant sector-based information available on income earners in the tax system is derived from income tax returns filed for the income tax year 2011 and represents about 95 per cent of all returns expected at the time the data was compiled for analytical purposes. The data relating to the public sector includes individuals in receipt...

Written Answers — Department of Finance: Tax Credits (21 Jan 2014)

Michael Noonan: I assume that the Deputy is referring to the disallowance of the employee tax credit (more commonly known as the PAYE tax credit) to a director who works for his or her own company.   Section 472 of the Taxes Consolidation Act 1997 provides for a tax credit known as the employee tax credit to an individual who has emoluments to which the PAYE system of tax deduction at source...

Written Answers — Department of Finance: Universal Social Charge Exemptions (21 Jan 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the information available to Revenue, the person concerned is exempt from paying the Universal Social Charge (USC) for 2014.  An amended tax credit and USC Certificate will issue shortly to the person concerned and to his pension provider. The amount of USC deducted for 2014 will be refunded by his pension provider.

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: My Department answered a freedom of information request received from the 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 Minister Brian Lenihan and Chairpersons/Chief Executive Officers in those banks under the Government Guarantee Scheme for the period 1 August 2008 to 11 March 2009 as...

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: All correspondence addressed to, or copied to the Minister of Finance, is available to the incumbent office holder of the Ministry of Finance. 

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: The Department has procedures relating to records management and the maintenance of information. These procedures include additional controls related to sensitive files and documents. I am not aware of any documents in the period relating to the bank guarantee that cannot be located.  

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: In advance of any banking inquiry, the Department has commenced a project with a view to ensuring the completeness and integrity of its records from the period. I consider that our processes ensure that relevant information can be made available where necessary.

Written Answers — Department of Finance: Departmental Records (21 Jan 2014)

Michael Noonan: The Department has procedures relating to records management. These procedures include additional controls related to sensitive files and documents. As part of the process, the section in the Department to whom the file is registered specifies whether the file should only be seen by that section. On the file tracking system the file is marked on the comment field as containing private and...

Written Answers — Department of Finance: Voluntary Sector Funding (21 Jan 2014)

Michael Noonan: My Department has not funded any community or voluntary organisation in 2013. In the past there were payments from the Vote for the Office of the Minister for Finance  to the promoters of certain charitable lotteries. These payments were funded by the National Lottery.  However, the functions that gave rise to the payments were transferred to the Department of Public...

Written Answers — Department of Finance: European Investment Bank Loans (21 Jan 2014)

Michael Noonan: The Deputy will find below a table with a breakdown of Irish projects assisted by the European Investment Bank (EIB) including: the amounts for loans approved; the approval date; the sector involved; and the signature dates for the loans approved in respect of the period 2008 2013. The Deputy should note that the total amount of EIB support in a particular year may include loans approved by...

Other Questions: Mortgage Arrears Proposals (16 Jan 2014)

Michael Noonan: My officials have noted what the Deputy said. His approach is the correct one and we will make sure the information is conveyed to the six banks involved and to the Central Bank. There should be no misunderstanding of what the House requires.

Other Questions: Banking Sector Issues (16 Jan 2014)

Michael Noonan: First, one would need to distinguish between capital requirements and provisioning. Provisioning against bad debt was what arose from the asset quality review. It was clearly stated by the bank that arising from the asset quality review, no extra capital was required. Obviously, they are interrelated because to make the extra provisioning, a bank draws down on the store of core tier 1...

Other Questions: Banking Sector Issues (16 Jan 2014)

Michael Noonan: It was Central Bank speak for "Get your provisioning done". It is self-evident, because of the asset quality review, that extra provisioning is required. The banks are doing that now and that is what they should do. I assume Mr. Draghi had the mortgage issue in mind as well because he has been speaking to that topic for some time. From my conversations with Deputy Doherty, I imagine we...

Other Questions: Mortgage Arrears Proposals (16 Jan 2014)

Michael Noonan: As I have indicated, the Government is aware of the significant difficulties some home owners are facing in meeting their mortgage obligations. A comprehensive strategy to tackle the problem is in place and its implementation throughout Government and by lenders is the priority. In that context, the Central Bank mortgage arrears resolution targets, MART, framework is key. Under this...

Other Questions: Property Taxation Administration (16 Jan 2014)

Michael Noonan: That is correct. The Minister for Public Expenditure and Reform deals with expenditure budgets.

Other Questions: Property Taxation Administration (16 Jan 2014)

Michael Noonan: I know the Deputy would like to have a debate on Irish Water, which is the cause de jour at the moment.

Other Questions: Property Taxation Administration (16 Jan 2014)

Michael Noonan: I have answered the Deputy's question. If he wants to have a debate on Irish Water he should submit a question on it to another Minister.

Other Questions: Property Taxation Administration (16 Jan 2014)

Michael Noonan: The Deputy is engaging in a very emotional mode of questioning. I have answered his question fully. I have, of course, a responsibility because the Revenue Commissioners report to me. The Revenue Commissioners collect the tax effectively and efficiently and report to me. In accordance with Government policy I then transfer that income from the Exchequer to the Local Government Fund. What...