Results 14,801-14,820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Treasury Management Agency Expenditure (18 Sep 2013)

Michael Noonan: The National Treasury Management Agency (NTMA) has advised that, excluding the National Asset Management Agency, the only applicable expenditure is incurred by the State Claims Agency (SCA). The NTMA is designated as the SCA when performing the claims management and risk management functions delegated to it under the National Treasury Management Agency (Amendment) Act 2000. As part of its...

Written Answers — Department of Finance: National Treasury Management Agency Investigations (18 Sep 2013)

Michael Noonan: NAMA advises that it carries out asset searches in certain circumstances with the view to compiling full information on a debtor’s assets and liabilities and to recover for the taxpayer assets that some debtors have omitted to disclose in their Statement of Affairs to NAMA. NAMA advises that asset searches are typically carried out by searching various public registers and this...

Written Answers — Department of Finance: Tax Reliefs Availability (18 Sep 2013)

Michael Noonan: My Department has received a pre-Budget submission from SIMI which includes, among other things a proposal for a swappage scheme. All such proposals will be considered in the context of the forthcoming Budget.

Written Answers — Department of Finance: Financial Services Regulation (18 Sep 2013)

Michael Noonan: The International Bank Account Number, (IBAN) uniquely identifies an individual account, at a specific financial institution, in a particular country. The banks in all countries in the European Economic Area and in most states of the Middle East, North Africa and Caribbean have implemented the IBAN format for account identification. The IBAN contains a combination of information including...

Written Answers — Department of Finance: Departmental Agencies Issues (18 Sep 2013)

Michael Noonan: I am assuming from the question raised by the Deputy that “silent SMS messages” refer to the practice of sending a text message to a mobile telephone without the knowledge of the receiving mobile telephone’s owner and that it is a technique that can be used, inter alia, to locate a person’s whereabouts. I am advised by the Revenue Commissioners and other bodies...

Written Answers — Department of Finance: Tax Compliance (18 Sep 2013)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that it is not yet possible to fully quantify the tax liability of the person in question due to his failure to file outstanding tax returns. I am further advised that Revenue has agreed to a number of time extensions with the person’s tax advisor to facilitate the filing requirement but unfortunately no returns...

Written Answers — Department of Finance: Departmental Telecommunications (18 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they provide freephone contact numbers for certain specific services. For example, Revenue operates a Confidential Freephone line (1800 295 295) for reporting information regarding the smuggling of drugs and the smuggling or illicit sale of tobacco, alcohol or road fuel. The annual Revenue Budget helpline (1800 314 414) is also a freephone...

Written Answers — Department of Finance: European Central Bank Issues (18 Sep 2013)

Michael Noonan: The European Central Bank is an independent treaty-based institution. As the Deputy will be aware, the Governor of the Central Bank of Ireland, while independent, is a member of the Governing Council of the ECB, along with the other 27 governors of the national central banks of the other EU member states. Both I and my officials continue to have ongoing engagement with the ECB, including at...

Written Answers — Department of Finance: Tax Code (18 Sep 2013)

Michael Noonan: A competitive corporate tax offering is a central plank of our economic recovery strategy and I am happy to advise the Deputy that the Government is fully committed to the12.5% corporation tax rate, which has the support of the vast majority of the members of this House. The changes that I announced in Budget 2013 and introduced in Finance Act 2013 highlight the on-going work by my...

Written Answers — Department of Finance: Property Taxation Administration (18 Sep 2013)

Michael Noonan: The Local Government Fund (LGF) is a special central fund which was established in 1999 under the Local Government Act 1998. It is financed by the full proceeds of motor tax and an Exchequer contribution. The Fund provides local authorities with the finance for general discretionary funding of their day-to-day activities and for non-national roads, and funding for certain local government...

Written Answers — Department of Finance: Budget Submissions (18 Sep 2013)

Michael Noonan: My Department has so far received in excess of 300 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in the context of Budget and Finance Bill preparation. I can confirm that a submission from the NCBI has been received. However, as the Deputy will be aware, it is not the practice of the Minister for Finance to...

Written Answers — Department of Finance: European Central Bank Issues (18 Sep 2013)

Michael Noonan: As the Deputy is aware, the ECB is independent and this independence is set out in Article 282(3) of the Treaty on the Functioning of the European Union, which states that the European Central Bank "shall be independent in the exercise of its powers and in the management of its finances". It should further be noted that Article 7 of the European System of Central Banks Statute provides...

Written Answers — Department of Finance: Property Taxation Administration (18 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that payments are acknowledged in all circumstances where a person pays Local Property Tax (LPT) via Revenue’s online service. Since July 2011 paper receipts no longer issue in respect of any tax payments. This decision was taken on the basis that the vast majority of taxpayers conduct business with Revenue via its online service. The...

Written Answers — Department of Finance: Central Bank of Ireland Issues (18 Sep 2013)

Michael Noonan: It is a matter of public record that the former Financial Regulator retired on 31 January 2009. I am informed by the Central Bank that he received a salary of €84,501 which included compensation (€47,550) in respect of his availability to the Authority for a 3 month period post retirement and payment for accrued untaken annual leave (€13,178.11). I am also informed...

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

Michael Noonan: This Government established the Commission on Credit Unions in May 2011 to make recommendations in relation to the most effective regulatory structure for credit unions, taking into account their not-for-profit mandate, their volunteer ethos and community focus, while paying due regard to the need to fully protect members’ savings and financial stability. The Commission published...

Written Answers — Department of Finance: Fiscal Policy (18 Sep 2013)

Michael Noonan: The enhanced budgetary architecture introduced over recent years means that, even after exiting the EU-IMF Programme, Ireland will still be subject to further requirements under the terms of the Fiscal Compact and to the new economic governance regime that has been brought in at European level as a result of the crisis. On the budgetary side, this includes requirements to reduce the General...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (18 Sep 2013)

Michael Noonan: The Special Liquidators are obligated to ensure that the assets of IBRC are sold at a price which maximises the overall return for its creditors including the State. As a result the Special Liquidators are currently in the process of devising and implementing a sales process in respect of these assets. I have been advised by the Special Liquidators that the valuation process is on- going...

Written Answers — Department of Finance: Banking Inquiry (18 Sep 2013)

Michael Noonan: As the Deputy is aware the legislation underpinning the banking inquiry was passed on 24th July 2013. The Minister for Public Expenditure and Reform will be bringing proposals to Government shortly on the details of the inquiry. In line with the legislation it will be a matter for Oireachtas to choose which committee will conduct the inquiry and the form that inquiry will take including who...

Written Answers — Department of Finance: Personal Debt (18 Sep 2013)

Michael Noonan: I propose to take Questions Nos. 174 and 175 together. As the Deputy is aware, many distressed borrowers have multiple debts with different lenders and have to deal with each lender on each debt. This makes it difficult for a borrower and his or her lenders to address the personal debt difficulties on a whole of debt basis. In view of this, at the start of March the Central Bank...

Written Answers — Department of Finance: Tax Rebates (18 Sep 2013)

Michael Noonan: I am informed by the Office of the Revenue Commissioners that the issues arising in this case have all been dealt with. As far as Revenue is aware, the person named is satisfied with the outcomes; if however there are outstanding matters, he should contact Ms Helen Daly, Revenue House, Cork, telephone 021 6027625.