Results 15,401-15,420 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Bank Codes of Conduct (2 Jul 2013)

Michael Noonan: The Central Bank has just concluded a review of the Code of Conduct on Mortgage Arrears (CCMA) and I have no plans to repeat the review. The Central Bank's review included a public consultation process, with in excess of 230 submissions received. The revised CCMA was published on 27 June 2013 and came into effect yesterday, 1 July 2013. The submissions made, as well as feedback document...

Written Answers — Department of Finance: Charities and Voluntary Organisations (2 Jul 2013)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that the organisation referred to by the Deputy has a charitable tax exemption and recently sought approval to amend its Memorandum and Articles of Association. The required approval was granted by Revenue on 16 May. I am informed that Revenue made direct contact with the charity on foot of the Deputy’s...

Written Answers — Department of Finance: Pension Provisions (2 Jul 2013)

Michael Noonan: I am advised that there are a small number of pension funds that may not be entitled to compensation under the deposit guarantee scheme, DGS, or the eligible liabilities guarantee scheme, ELG, due to the nature of the products or deposit options in which those account holders invested. It is important to note that at the time the products were offered to customers there was no additional...

Written Answers — Department of Finance: Departmental Staff Rehiring (2 Jul 2013)

Michael Noonan: The following is the position with regard to the employment of temporary clerical officers over the last three years. Year Number of Temporary Clerical Officers employed Number of retired public/civil servants 2011 Nil Nil 2012 6 Nil 2013 Nil Nil The clerical officers applied for temporary positions in the Public Service through the Public Appointments Service, (PAS) which is the...

Written Answers — Department of Finance: Property Taxation Collection (2 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that Revenue does not use standing orders for tax payments because they do not facilitate the orderly collection of taxes for the Exchequer. For example, the customer sets the date of payment of a standing order. Where there are insufficient funds on the date payment is due, no payment will be made. Revenue will not be notified of any unpaid...

Written Answers — Department of Finance: Property Taxation Application (2 Jul 2013)

Michael Noonan: The Government decided the LPT should apply to all owners of residential property with limited exemptions. Limiting the exemptions available allows the rate to be kept low for those liable persons who do not qualify for an exemption. There is no specific exemption for property owners who have an interest only mortgage. However, such individuals may be eligible for a deferral of LPT...

Written Answers — Department of Finance: IBRC Liquidation (2 Jul 2013)

Michael Noonan: As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations. The Chairman of IBRC, along with the Board were relieved of their duties on that day and therefore it would not be appropriate for me to request a report as...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Relevant Contracts Tax (RCT) provides for withholding tax to be applied on certain payments made by Principals to subcontractors and is designed to promote tax compliance in the construction, forestry and meat processing sectors. The tax withheld by Principal contractors is paid over to Revenue and the subcontractor is given credit for any tax...

Written Answers — Department of Finance: Tax Credits (2 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of restricting the main personal and employee tax credits in the manner mentioned by the deputy would be of the order of €460 million. This estimate is derived from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as...

Written Answers — Department of Finance: Tax Credits (2 Jul 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that the person’s claim for incapacitated child credit has been processed. A tax credit certificate for 2013 and PAYE Balancing Statement (P21) for 2012, including the credit, issued to the person concerned on 12 April 2013. A PAYE Balancing Statement (P21) for 2011 will issue shortly to include the credit.

Written Answers — Department of Finance: NAMA Staff Recruitment (2 Jul 2013)

Michael Noonan: The Deputy refers in his question to NAMA. I would point out that all NAMA staff are employees of the NTMA and are assigned to NAMA by the NTMA. Under the NTMA business model, all employees are recruited on the basis of individually negotiated contracts. In addition to NAMA, the NTMA carries out a range of commercial asset and liability functions on behalf of Government and its ability to...

Written Answers — Department of Finance: Tax Yield (2 Jul 2013)

Michael Noonan: The table provided shows the tax revenue received to the Exchequer in the first 5 months of 2013 in respect of income tax and indirect taxes and also provides the requested ratios. Tax Revenue end May 2013 € million Ratio to Income Tax Income Tax 6,122.19 1.00 Value Added Tax 4,994.04 0.82 Excise Duty 1,833.03 0.30 Customs 84.96 0.01

Written Answers — Department of Finance: VAT Rates Reductions (2 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: Universal Social Charge Exemptions (2 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year cost, estimated by reference to 2013 incomes, from abolishing the additional universal social charge of 3%, which is currently applicable to self-employed income in excess of €100,000, would be of the order of €130 million. This estimate is derived from the Revenue tax-forecasting model using actual data for the year...

Written Answers — Department of Finance: Universal Social Charge Yield (2 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, from extending the additional universal social charge of 3%, which is currently applicable to self-employed income in excess of €100,000, to all PAYE income earners at this level of income would be of the order of €71 million. The Universal Social Charge is an...

Written Answers — Department of Finance: Mortgage Arrears Proposals (2 Jul 2013)

Michael Noonan: The Central Bank has now concluded a review of the Code of Conduct on Mortgage Arrears, CCMA, following a public consultation process, with in excess of 230 submissions received. The revised CCMA was published on 27 June 2013 and came into effect on 1 July 2013. The submissions made, as well as feedback document outlining the Central Bank's response to some of the main issues raised, are...

Written Answers — Department of Finance: Banking Sector Regulation (2 Jul 2013)

Michael Noonan: A well-regulated, effectively supervised, competitive and more stable financial services sector is crucial to our economic recovery. It is important too for the continued development of Ireland as a centre for international financial services and as a location of choice for international foreign financial services firms. A range of reforms have been introduced to underpin a more effective...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 199 and 201 together. On the question about contacts from Prime Minister Cameron regarding the tax structures of global companies here I can inform the Deputy that there has been no contact from Prime Minister Cameron regarding the tax structures of global companies here. The Government has consistently stated its commitment to the 12.5% corporation tax...

Written Answers — Department of Finance: EU Issues (2 Jul 2013)

Michael Noonan: As Governor for Ireland on the Board of Governors of the EBRD, it is my responsibility to nominate a candidate to represent Ireland on the Board of Directors. In this regard I can confirm that I nominated and voted in favour of Mr. Sean Donlon's appointment to the Board which will take effect from 1 August 2013.

Written Answers — Department of Finance: Single Euro Payments Area (2 Jul 2013)

Michael Noonan: The aim of the Single Euro Payments Area, SEPA, project is to create a single market for euro-denominated retail payments. SEPA is an EU initiative that will change the way that these payments are processed across Europe. SEPA will allow payment systems users to make euro-denominated retail electronic payments to payees located in any of the participating countries, using a single payment...