Results 13,441-13,460 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector Issues (10 Dec 2013)

Michael Noonan: Last Wednesday, December 4th, after your question had been submitted Deputy; I announced the successful exit by the State from its €1.837 billion of Preference Shares held in Bank of Ireland. The State has received 100% of par value on €537 million of the securities which the bank was entitled to redeem through the issuance of new equity and secured a price of 104.75% of...

Written Answers — Department of Finance: Departmental Expenditure (10 Dec 2013)

Michael Noonan: Of the €55.782 million of non-voted current expenditure presented as miscellaneous expenditure in the end November 2013 Exchequer statement, €55.765 million occurred during the month of November. This can be broken down into 2 different categories. The first category of €52.658 million represents a balance in respect of the Department of Social Protection (DSP) with the...

Written Answers — Department of Finance: Banking Sector Issues (10 Dec 2013)

Michael Noonan: The Central Bank has advised that it does not publish statistics on the number of rent receivers appointed by Irish headquartered banks. However, the covered institutions have provided me with the following details regarding their use of rent receivers. Bank of Ireland's last reporting date in August for the end of June showed that there were 1,235 properties where a Fixed Charge Receiver...

Written Answers — Department of Finance: Property Taxation Yield (10 Dec 2013)

Michael Noonan: Initial forecasts for Local Property Tax (LPT) receipts envisaged a yield of €250m for 2013 and €500m in 2014. In light of taxpayer payment patterns for the 2013 liability, the anticipated yield for 2013 was increased to €300 million to take account of potential payments in respect of 2014. I am advised by the Revenue Commissioners that by the end of November 2013, the...

Written Answers — Department of Finance: Investor Compensation Company Limited (10 Dec 2013)

Michael Noonan: As requested by Deputy McGrath, the following table displays the annual receipts and payments in respect of the Investor Compensation Company Limited (ICCL) for each year in the period 2008-2012. Financial year ended 31 July 2008 2009 2010 2011 2012 Total Total Income 5,783,362 6,004,379 6,106,747 5,638,591 7,262,149 30,795,228 Total Costs (572,583) (1,098,143) (1,206,687) (1,352,684)...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (10 Dec 2013)

Michael Noonan: The EII was introduced from 25 November 2011 and no investments were approved in 2011. For the year 2012, the latest year available, the estimated cost to the Exchequer for the EII was €4 million in respect of 376 investors including 2 EII funds. Full year data for the year 2013 will not be available until after the end of the year but indications are that the cost will be...

Written Answers — Department of Finance: Fuel Laundering (10 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners to refer to previous replies to questions on this matter dated the 24th September 2013 (Dáil Question No 39398/13) and the 21st November 2013 (Dáil Question No 49879/13). As outlined in my reply of the 21st November 2013, the Commissioners are satisfied that an offence under Mineral Oil Tax legislation may have occurred, and as a...

Written Answers — Department of Finance: Tax Code (10 Dec 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that jobseeker's benefit is a taxable source of income and when a person resumes work their tax credits and standard rate cut-off point are normally reduced by the amount of their taxable jobseekers benefit. In this case the taxpayer in question has given his Personal Tax Credit for 2013 to his spouse. Accordingly, the only tax credit...

Written Answers — Department of Finance: Banking Sector Remuneration (10 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 149, 153, 155 and 156 together. As the Deputy will be aware the Review of Remuneration Practices & Frameworks at the Covered Institutions (the "Mercer Report") was published by my Department on 12 March 2013. The following breakdown of total salary and remuneration appears on page 43 of that review. - AIB AIB BOI BOI Number of Staff Salary...

Written Answers — Department of Finance: Banking Sector Remuneration (10 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 150 and 151 together. Chief Executive Officers' (CEO) remuneration for 2012 is included in the following table. CEO Remuneration 2012 Gross Salary €000 Other Remuneration €000 Pension Contributions €000 Total €000 AIB (i) 475 71 (ii) 546 BOI (iii) 623 34 (iv) 186 (v) 843 ptsb 353 54 (vi) (vii) 407 NTMA (viii) 416 30...

Written Answers — Department of Finance: Banking Sector Remuneration (10 Dec 2013)

Michael Noonan: The following are the details of the number of retired employee at each of the institutions. Institution No. of retired employees in receipt of a pension Bank of Ireland 5,400 Allied Irish Bank(i) 3,821 permanent tsb (ii) 295 National Treasury Management Agency 14 National Asset Management Agency -Notes: i) AIB numbers as at 30 September 2013 ii) ptsb numbers as at 31 December 2012...

Written Answers — Department of Finance: Banking Sector Staff Issues (10 Dec 2013)

Michael Noonan: I have been informed that the institutions do not track or disclose this information. Due to data protection disclosures the Banks do not comment on individual staff matters. Employees are recruited though open market selection on the basis of skills and experience to meet the job requirements.

Written Answers — Department of Finance: NAMA Accounts (10 Dec 2013)

Michael Noonan: NAMA's cash balance following its redemption of €500m of Senior Bonds on 4th December is €3.6bn.

Written Answers — Department of Finance: Banking Sector Regulation (10 Dec 2013)

Michael Noonan: I am aware of the content of the report to which the Deputy refers. My officials met with Ulster Bank officials on 27 November after the publication of the report. The report contained allegations about West Register and my officials were assured that West Register was involved with a very small number of Irish businesses. There is no reference to Ireland in the report. I understand that...

Written Answers — Department of Finance: Tax Clearance Certificates (10 Dec 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that the person in question applied online for a Tax Clearance Certificate on 2 July 2013. A Tax Clearance Certificate issued to this person on 5 July 2013. This Certificate is valid until 4 July 2014.

Written Answers — Department of Finance: VAT Rate Application (10 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 160 to 162, inclusive, together. I am informed by the Revenue Commissioners that responsibility for the VAT (value added tax) pages of their website rests with Revenue's Indirect Taxes Division, which is responsible for VAT legislation, interpretation and information. Updates and changes to these pages are made exclusively by Indirect Taxes Division. The...

Written Answers — Department of Finance: Banking Sector Staff Issues (10 Dec 2013)

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 decisions. I have been informed that AIB has previously indicated that as part of its restructuring plan to reduce costs and increase efficiencies, outsourcing of certain functions would be considered in...

Written Answers — Department of Finance: Mortgages Data (10 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 164 and 165 together. The Deputy will be aware that the Central Bank recently published mortgage arrears and restructure statistics for the quarter ending September 2013 ( ). While this data shows, inter alia, the mortgage accounts that have accumulated arrears and also the amount of those arrears, the Central Bank has informed me that it does not publish...

Written Answers — Department of Finance: Departmental Funding (10 Dec 2013)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Tax Credits (5 Dec 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit (OPFTC) is being replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. The Single Person Child Carer Tax Credit will be of the same value, i.e. €1,650, as the existing OPFTC and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new credit will be...