Results 13,301-13,320 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Receivers (18 Dec 2013)

Michael Noonan: NAMA advises that to the end-November 2013, a total of 350 Receiver appointments had been made. Since 2010, NAMA has selected 52 separate firms in respect of its 159 appointments and the Participating Institutions (PIs) have engaged 48 separate firms in respect of their 191 appointments. NAMA advises that receiver appointments include those made prior to the acquisition of the loans by...

Written Answers — Department of Finance: Tax and Social Welfare Codes (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they have extensive data exchange arrangements in place with the Department of Social Protection (DSP) and that these are under constant review by the two organisations. The arrangements have been significantly enhanced in recent times and following an exchange with the DSP in relation to DSP pension payments in late 2011, Revenue undertook to...

Written Answers — Department of Finance: VAT Rate Application (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the same VAT rules apply to Travel Agents dealing in Irish accommodation, whether based in Ireland or the UK. Consequently, Irish agents do compete on an equal footing with travel agents in the UK. The supply of wholesale accommodation, that is the sale of a block booking of hotel rooms to another accommodation wholesaler, is not within the...

Written Answers — Department of Finance: Promissory Notes (18 Dec 2013)

Michael Noonan: During 2010, Anglo Irish Bank, INBS and EBS were provided with promissory notes to the value of €30.6bn consisting of a number of tranches. Each tranche paid a market based fixed rate of interest which is set on the date of issue and is appropriate to the maturity date of the tranche. Interest paid in 2011, 2012 and 2013 on the promissory notes was €568m, €13m and...

Written Answers — Department of Finance: Deposit Guarantee Scheme (18 Dec 2013)

Michael Noonan: The Central Bank of Ireland is responsible for operating the Deposit Guarantee Scheme (DGS), according to the rules set out in the Financial Services (Deposit Guarantee Scheme) Act 2009 and the European Communities (Deposit Guarantee Schemes) (Amendment) Regulations 2009 (S.I. 228 of 2009). Under these rules, the DGS provides compensation for eligible depositors up to a maximum of...

Written Answers — Department of Finance: Illicit Trade in Tobacco (18 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the number of cigarettes seized to 30 November this year is 40.05 million, and that the comparable figure in respect of 2012 is 93.48 million. It needs to be borne in mind in viewing these data that the level of seizures can vary significantly between years, because of factors such as the occurrence of a very large seizure in a given time period....

Written Answers — Department of Finance: Credit Unions (18 Dec 2013)

Michael Noonan: The registration and regulation of credit unions is the responsibility of the Registrar of Credit Unions within the Central Bank, who is the independent regulator for credit unions. I have been informed by the Central Bank that engagements between it and individual credit unions are confidential. The Central Bank has previously confirmed that it is open to proposals to re-establish credit...

Written Answers — Department of Finance: Credit Unions (18 Dec 2013)

Michael Noonan: The registration and regulation of credit unions is the responsibility of the Registrar of Credit Unions within the Central Bank, who is the independent regulator for credit unions. I have been informed by the Central Bank that engagements between it and individual credit unions are confidential. The Central Bank has previously confirmed that it is open to proposals to re-establish credit...

Written Answers — Department of Finance: Property Taxation Exemptions (18 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 81 and 82 together. It is also unclear whether the Deputy is referring to two separate families, or whether both Questions relate to the same case. Based on the information supplied by the Deputy it is not possible to provide a definitive reply, however, the following general information may be useful. While there is no specific exemption from Local...

Written Answers — Department of Finance: Property Taxation Exemptions (18 Dec 2013)

Michael Noonan: I am advised by Bray Town Council that the estate in question was built in 1972 by Wicklow County Council, but not as temporary housing, and the houses were built to the standards of the day. A refurbishment programme was carried out in the late 1980s by Wicklow County Council. I understand that prior to 2007 there were a number of fatal fires in the estate but I am advised that none of...

Written Answers — Department of Finance: Charities Regulation (18 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 84 and 85 together. I am advised by the Revenue Commissioners that it has no regulatory role in relation to charities. Its role is confined to administering the tax exemption scheme, which includes vetting and processing applications from bodies claiming exemption from tax on the basis that they are charities. The role also includes monitoring such bodies...

Written Answers — Department of Finance: Ministerial Advisers Remuneration (18 Dec 2013)

Michael Noonan: Neither of the two special advisors appointed to my Department have salaries that exceed the relevant pay guidelines. Their salaries are in line with guidelines issued by the Department of Public Expenditure and Reform on the appointment of Ministerial staff.

Written Answers — Department of Finance: Financial Services Sector (17 Dec 2013)

Michael Noonan: The customer due diligence requirements are set out in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended by the Criminal Justice (Money Laundering and Terrorist Financing Act 2013). Section 33 of the 2010 Act requires designated persons (such as banks) to apply customer due diligence measures prior to establishing a business relationship with a customer...

Written Answers — Department of Finance: Property Taxation Administration (17 Dec 2013)

Michael Noonan: I am advised by Revenue that the person the Deputy refers to in his representation is a 'multiple property' owner and is therefore obliged by law to file his Local Property Tax (LPT) Returns online. Revenue advises that it has developed a high grade IT system for LPT, which supports multiple property owners in accessing their individual property records through a single screen. The system...

Written Answers — Department of Finance: Household Charge Collection (17 Dec 2013)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) provides that, where Household Charge for 2012 remains unpaid at 1 July 2013, the amount outstanding is increased to €200 and classified as arrears of Local Property Tax (LPT). All such arrears will be collected by Revenue in the same manner as LPT and may involve the deployment of debt...

Written Answers — Department of Finance: Pension Provisions (17 Dec 2013)

Michael Noonan: At the outset, I should say that the scenarios outlined in the question, albeit that they are purely hypothetical, may be based on a misapprehension of how the Standard Fund Threshold (SFT) regime operates in practice. To try to answer the questions posed, it is necessary to make assumptions about how the individuals concerned managed, in the period prior to retirement, any possible exposure...

Written Answers — Department of Finance: Property Taxation Administration (17 Dec 2013)

Michael Noonan: In accordance with the Finance (Local Property Tax) Act 2012 (as amended), liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date, which was 1 May 2013 for 2013 and for subsequent years, 1 November in the preceding year. For the year 2014, the liability date is 1 November. LPT liability crystallises on the sale of a...

Written Answers — Department of Finance: Pensions Levy Issues (17 Dec 2013)

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 will however, introduce 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: Living City Initiative (17 Dec 2013)

Michael Noonan: The principal authors of the report were Alan W Gray – Managing Director, Indecon Economic Consultants and William H Batt – Partner, Indecon Economic Consultants Discussions with the relevant local authorities and other Government agencies will commence shortly. The submission to the European Commission seeking State Aid approval will be issued when Finance (No2) Bill 2013...

Written Answers — Department of Finance: Credit Unions Regulation (17 Dec 2013)

Michael Noonan: I have been informed by the Central Bank that there is currently 57.4 full time equivalent staff employed in the Registry of Credit Unions. As stated previously in response to Parliamentary Question No. 65 on 3 December 2013, the Central Bank does not store the specific details requested by the Deputy.