Results 13,461-13,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Administration (5 Dec 2013)

Michael Noonan: I note that similar questions concerning payment of the 2014 Local Property Tax (LPT) liability by credit card or debit card have been raised by a number of Deputies and I provided a detailed response in my reply to Questions Nos. 202 (46491/13), 214 (46815/13), 215 (46879/13), 216 (46881/13), 229 (46999/13), 232 (47059/13), 239 (47101/13), 143 (47110/13) and 252 (47136/13) on 5 November 2013...

Written Answers — Department of Finance: NAMA Expenditure (5 Dec 2013)

Michael Noonan: The figures provided do not include payments to firms by companies to which NAMA has appointed receivers. Such fees are accounted for by the individual receivers as they are discharged out of asset realisations as part of the overall costs of a receivership and are not paid directly by NAMA.

Written Answers — Department of Finance: State Banking Sector (5 Dec 2013)

Michael Noonan: I have received the following information from the State owned banks. AIB I have been informed that due to the substantial increase in the number of customers in financial difficulty, AIB works with the company who predominantly provide customer case management and assessment services to AIB’s Mortgage Arrears Support Unit. The company operates within AIB’s Mortgage Arrears...

Written Answers — Department of Finance: Consultancy Contracts Data (5 Dec 2013)

Michael Noonan: In line with the Department's revised Statement of Strategy, my Department is committed to engaging in open dialogue with all its stakeholders. This would include private professional firms. In the course of these meetings, advice, views and counsel may be proffered. Such advise is not paid for. The following table sets out the information sought by the Deputy. Firm/Company Year of...

Written Answers — Department of Finance: EU-IMF Programme of Support (5 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 55 and 56 together. The European Parliament's (EP) Committee on Economic and Monetary Affairs has decided to draft an own initiative report evaluating the structure, the role and operation of the Troika actions in euro area programme countries. Ireland's experience as a programme country will be included in this report along with the other programme...

Written Answers — Department of Finance: Property Taxation Collection (5 Dec 2013)

Michael Noonan: I am advised by Revenue that “deduction at source” of Local Property Tax (LPT) from payments made by the Department of Social Protection was implemented for all individuals who selected that payment option with effect from 1 July 2013. In the case raised by the Deputy, Revenue has confirmed to me that while the person in question filed her return for 2013, she did not specify...

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

Michael Noonan: The application of the carbon tax to solid fuels has remained subject to a Ministerial commencement order since 2010. This approach was primarily adopted to delay the application of the carbon tax to solid fuel in the residential sector to allow for the development of a robust mechanism to counter the large scale sourcing of coal from Northern Ireland where lower sulphur standards apply....

Written Answers — Department of Finance: Banking Sector Issues (5 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 last week after the publication of the report and were assured that the allegations raised were not happening in Ireland. There is no reference to Ireland in the report. I understand that RBS has appointed Clifford Chance to independently review the treatment of distressed...

Written Answers — Department of Finance: Central Bank of Ireland Staff (5 Dec 2013)

Michael Noonan: As Minister for Finance, I have no role in the employment or departure of staff in the Central Bank. Under the Central Bank Act, 1942, the Central Bank Commission is responsible for administrating the staff of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers. The Central Bank has developed a Human Resources Strategy which is...

Written Answers — Department of Finance: Property Taxation Administration (5 Dec 2013)

Michael Noonan: As advised in my reply to Parliamentary Question No. 106 of 12 November 2013, the inter-departmental group, chaired by Dr. Don Thornhill, set up to consider the design of a property tax (the “Thornhill Group”) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to...

Written Answers — Department of Finance: IBRC Loans (5 Dec 2013)

Michael Noonan: I have been advised by the Special Liquidators that the Joint Venture Agreement (the "Agreement") between A1 and Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators remains in place. However, the Special Liquidators can confirm that there have been a few minor amendments to the Agreement with regards the receipt of sales proceeds from asset sales but...

Written Answers — Department of Finance: Mortgage Interest Relief Application (5 Dec 2013)

Michael Noonan: The position is that in Finance Act 2010, mortgage interest relief was extended up to end of 2017 for those whose entitlement to relief was due to end in 2010 or after. Therefore, tax relief will continue to be available in respect of interest paid by an individual on qualifying home loans taken out on or after 1 January 2004 and on or before 31 December 2012, regardless of whether they are...

Written Answers — Department of Finance: Mortgage Interest Rates (5 Dec 2013)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the mortgage interest rates charged by regulated financial institutions. It is a commercial matter for the banks concerned. The Central Bank has responsibility for the regulation and supervision of financial institutions in terms of consumer protection and prudential requirements and for ensuring ongoing compliance with...

Written Answers — Department of Finance: Property Taxation Administration (5 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 arrears of Household Charge in respect of 2012 were outstanding at 1 July 2012, the amount was increased to €200 and reclassified as arrears of Local Property Tax (LPT). On the specific case to which the Deputy refers, Revenue has confirmed that the LPT Returns and...

Written Answers — Department of Finance: NAMA Social Housing Provision (5 Dec 2013)

Michael Noonan: NAMA has made 4,369 properties available, through its debtors and receivers, for social housing. Under a formal process agreed with the Minister for the Environment, Community and Local Government and the Minister for Housing and Planning, NAMA has provided a list of these houses and apartments to the Housing Agency, which, in turn, has engaged with local authorities to ascertain demand....

Written Answers — Department of Finance: Banking Sector Remuneration (5 Dec 2013)

Michael Noonan: he perception that senior bank executives are receiving top-ups in pay is an erroneous one. The payment of performance bonuses to employees at the covered institutions is prohibited except in certain circumstances such as on foot of a court order. The Review of Remuneration Practices and Frameworks at the covered institutions for the period 2008 to 2012 revealed that no pay increases have...

Written Answers — Department of Finance: Credit Unions Regulation (5 Dec 2013)

Michael Noonan: The statutory role of the Registrar of Credit Unions is the protection of members’ savings and the maintenance of financial stability and well-being of credit unions generally. All credit unions are required to ensure that they apply scrutiny to all new loan applications and that all applications are fully assessed to determine the borrower’s ability to repay. Credit unions...

Written Answers — Department of Finance: National Debt (5 Dec 2013)

Michael Noonan: The most recent forecasts were made as part of Budget 2014 and are shown in the table below. Budget 2014 forecasts - 2013 2014 2015 2016 National Debt (€ billion) 173.8 183.6 189.8 193.0 Interest on National Debt (€ billion) 7.2 8.2 8.8 9.1 % change in Real GDP 0.2 2.0 2.3 2.8 Unemployment rate % 13.5 12.4 11.8 11.4 Source: Department of Finance & NTMA The...

Written Answers — Department of Finance: Property Taxation Administration (5 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 2013 and the tax is payable on or before 1 January 2014....

Written Answers — Department of Finance: Property Taxation Administration (5 Dec 2013)

Michael Noonan: I am advised by Revenue that a key aspect of the work it has undertaken in connection with the administration of Local Property Tax (LPT) has been the development of a register of residential properties in the State. The process involved consolidating data for approximately two million records, some of which were difficult to match because of variations in addresses and names and reference...