Results 13,181-13,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Operations (15 Jan 2014)

Michael Noonan: I am advised this is ultimately a matter between the vendor of a residential property (who may be a debtor or receiver) and the purchaser and their respective legal advisers. As the Deputy is aware, NAMA does not own or sell property. Rather, NAMA’s role is, like a bank, that of a secured lender. In the context of its role as a secured lender, NAMA applies significant resources to...

Written Answers — Department of Finance: Property Taxation Administration (15 Jan 2014)

Michael Noonan: Local authorities are liable for the Local Property Tax (LPT) as owners of residential properties. However, an exemption from LPT applies where such properties are used to provide "special needs accommodation", meaning properties provided to people who require support to enable them to live in the community, such as sheltered accommodation for the elderly or the disabled. The Revenue...

Written Answers — Department of Finance: Banking Sector Issues (15 Jan 2014)

Michael Noonan: I propose to take Questions Nos. 109 and 110 together. The Central Bank has informed me that prior to Danske Bank Ireland’s public announcement, the bank informed the Central Bank of its commercial decision to withdraw existing day to day personal customer products and services on a phased basis during the first half of 2014, and also to discontinue the provision of personal and...

Written Answers — Department of Finance: Property Taxation Application (15 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that they issued letters in late October 2013 to certain property owners concerning their 2014 Local Property Tax (LPT) obligations. Those contacted were property owners who filed their 2013 LPT Returns and paid their liabilities by lump sum or by way of regular cash payments. Revenue further advised me that it did not write to certain other...

Written Answers — Department of Finance: Departmental Staff Data (15 Jan 2014)

Michael Noonan: In response to the Deputy s question, my Department uses its own staff and staff supplied under an arrangement with the National Council for the Blind for the purposes of answering and transferring calls on our switch board during office hours. Outside of these hours calls are handled by Department staff. My Department also looks after this service for the Department of Public Expenditure...

Written Answers — Department of Finance: Company Closures (15 Jan 2014)

Michael Noonan: The Central Bank has informed me that Home Payments Limited was not authorised by the Central Bank of Ireland (‘Central Bank’). At the time Home Payments Limited was in operation, there was no regime in place targeting specifically, the authorisation and supervision of businesses labelled “bill payment”, “debt management” or “debt...

Written Answers — Department of Finance: Banking Operations (15 Jan 2014)

Michael Noonan: I have no plans to require banks and credit card companies to text the card holder after each transaction. According to the Irish Payment Service Organisation, there are approximately 300 million card transactions each year. Such a proposal would impose significant additional costs on card suppliers. The Deputy may wish to put his proposals to the individual card companies.

Written Answers — Department of Finance: NAMA Operations (15 Jan 2014)

Michael Noonan: I am advised by NAMA that it does not maintain a register of all individual contacts between former employees and the Agency. Nor would it be feasible to do so, given that there currently are over 330 staff assigned to NAMA and that over 60 staff have left the Agency since its inception. Furthermore, some former staff members would not possess any specific knowledge relating to either...

Written Answers — Department of Finance: NAMA Staff Numbers (15 Jan 2014)

Michael Noonan: All National Asset Management Agency (NAMA) staff are employees of the National Treasury Management Agency (NTMA). Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. 331 staff were assigned to NAMA at end 2013. Numbers of staff assigned to NAMA who have left the organisation are as follows: 2010 3 2011 8 2012 22 2013 29

Written Answers — Department of Finance: Tax Yield (15 Jan 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the yield from motorists from Mineral Oil Tax, VRT, VAT, Carbon Tax in 2011, 2012 and 2013 is shown in the tables below. MOT Carbon Tax VAT (Estimated) Total €m €m €m €m Petrol 2011 992.6 60.1 459.0 1,511.7 2012 904.1 74.6 510.7 1,489.4 2013 849.5 69.6 480.0 1,399.1 Auto Diesel 2011 1,078.3...

Written Answers — Department of Finance: Infrastructure and Capital Investment Programme (15 Jan 2014)

Michael Noonan: As the Deputy is no doubt aware, in July 2012 the Minister for Public Expenditure and Reform, Brendan Howlin T.D., announced on behalf of the Government a €2.25 billion Infrastructure Stimulus Programme aimed at promoting jobs and growth. It is intended that projects in the Stimulus Programme to a value of €1.4 billion will be provided through Public Private Partnerships...

Written Answers — Department of Finance: Departmental Expenditure (15 Jan 2014)

Michael Noonan: The Department of Finance did not incur any costs in relation to the recent Balance Sheet Assessments (BSA). As the Deputy will be aware, the Central Bank (CBI) undertook the BSA exercise. Boston Consulting Group (BCG) was contracted by the CBI as independent assessors and to provide project management resources. Ernst & Young was contracted to conduct the loan file and impairment...

Written Answers — Department of Finance: NAMA Loan Book (15 Jan 2014)

Michael Noonan: I am advised by NAMA that the total nominal or par value of loans acquired for a nominal consideration was of the order of €3.5bn. NAMA advises that there were a number of reasons why this occurred but that the main reason related to defective legal security, meaning that the security was not fully enforceable or, in some cases, entirely unenforceable as some were unsecured loans. In...

Written Answers — Department of Finance: NAMA Loan Write-Downs (15 Jan 2014)

Michael Noonan: I have been advised by the Special Liquidators that they are not writing off the debts of borrowers with large portfolios but are engaged in a sales process which is designed to achieve the maximum return for all creditors in the liquidation including the State. The sales process plan and timeline has been developed following professional advice and in light of requirements of a robust and...

Written Answers — Department of Finance: Tax Credits (15 Jan 2014)

Michael Noonan: As you are aware the One-Parent Family Tax Credit (OPFTC) has been replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. The restructured credit is of the same value i.e. €1,650 per annum as the OPFTC and also carries the same entitlement to the additional €4,000 extended standard rate band, which increases it to €36,800 per annum, before...

Written Answers — Department of Finance: NAMA Property Sales (15 Jan 2014)

Michael Noonan: NAMA has published a detailed guidance note on the disposal of real estate assets by its debtors and receivers. This is available on its website at the following location . This makes clear both the commercial relationship that applies between selling agents, NAMA debtors and receivers and NAMA, in its role as a secured lender. It also addresses the other questions raised by the Deputy.

Written Answers — Department of Finance: Tax Code (15 Jan 2014)

Michael Noonan: Jobseeker's Benefit is a weekly payment from the Department of Social Protection (DSP) to individuals who are out of work and who are covered by social insurance (PRSI), regardless of any other income or assets they may have. Jobseeker's Allowance is payable to people who are out of work who don't qualify for Jobseeker's Benefit or who may have used up their entitlement to Jobseeker's...

Written Answers — Department of Finance: Banking Operations (15 Jan 2014)

Michael Noonan: As the Deputy will be aware under the Relationship Framework the State does not intervene in the day to day operations of the bank or their management decisions regarding commercial matters. I have been informed that for confidentiality reasons AIB is not in a position to discuss details of individual customer circumstances. AIB reviews each individual’s circumstances on a case by...

Written Answers — Department of Finance: Tax Code (15 Jan 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned is liable for PAYE tax on any income over €317 per week. There is no additional tax credit due to the individual concerned in respect of dependant children. PRSI is chargeable where the individual's weekly income exceeds €352. Any further queries regarding this aspect of the enquiry should be directed to...

Written Answers — Department of Finance: Banking Sector Issues (15 Jan 2014)

Michael Noonan: As the Deputy will be aware, the Taoiseach mentioned in this House shortly before the recess that he had held discussions with Chancellor Merkel on finding ways to reinforce Ireland’s economic recovery by improving funding mechanisms for the real economy, including access to finance for Irish SMEs. The German Government has asked KfW, the German development bank, to work with the...