Results 15,601-15,620 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Appointments to State Boards (18 Jun 2013)

Michael Noonan: The information requested by the Deputy is contained in the following table: No of appointments since march 2011 No of vacancies advertised No of applications received No of appointments drawn from applications received No of current vacancies 31 13 152 10 9

Written Answers — Department of Finance: Excise Duties Collection (18 Jun 2013)

Michael Noonan: I am advised by the Revenue Commissioners that Article 4 of Council Directive 92/83/EEC provides that a reduced rate of excise duty may be applied in Member States to beer produced in microbreweries subject to certain limits. It also provides that the reduced rate shall not be set at more than 50% below the standard national rate of excise duty for beer. Since 1 January 2005, Ireland has...

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

Michael Noonan: I propose to take Questions Nos. 96, 101 and 103 together. The position is, as I have stated on many occasions in the House, that this issue was raised during the debates in the Seanad on Finance Bill 2013, during which I agreed to re-examine the matter during the course of this year. My Department is currently in the process of examining the issue and when the analysis is completed...

Written Answers — Department of Finance: Banking Sector Issues (18 Jun 2013)

Michael Noonan: AIB's €3.5bn of preference shares are only part of the State's overall investment in the bank and they count towards the bank’s capital ratios. They are perpetual instruments and as such are not a loan in the sense of having a fixed maturity date. The decision to inject capital in the form of preference shares dates back to early 2009 and reflected economic and financial...

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

Michael Noonan: I propose to take Questions Nos. 98 and 100 together. The importance of agriculture in the Irish economy is well recognised. In this context specific tax reliefs are provided where farms are passed on from one generation to the next. These reliefs include Capital Acquisitions Tax ("CAT") agricultural relief, Capital Gains Tax ("CGT") relief on transfer of farms to children and Stamp Duty...

Written Answers — Department of Finance: Departmental Staff Sick Leave (18 Jun 2013)

Michael Noonan: The following table outlines the sick leave position in my Department. YEAR Total Uncertified Sick Leave (USK) USK average (headcount) i.e. Duration Actual / Active Staff Count of Name Total Certified Sick Leave (CSK) CSK average (headcount) i.e. Duration Actual / Active Staff Count of Name Total Duration Actual Total Duration Actual average (headcount) i.e. Actual Days Lost / Active Staff...

Written Answers — Department of Finance: NAMA Board Recruitment (18 Jun 2013)

Michael Noonan: As the Deputy will understand, given the volume of applications received it was not possible to follow up individually on each expression of interest. However, the Department in conjunction with the Public Appointments Service undertook a rigorous process of assessing and shortlisting the expressions of interest received based on a number of different criteria. These criteria included...

Written Answers — Department of Finance: State Bodies Numbers (18 Jun 2013)

Michael Noonan: I propose to take Questions Nos. 104 and 105 together. The following table contains details of the semi-State organisations currently under in operation under the remit of my Department. Name of Body The National Treasury Management Agency The Irish Fiscal Advisory Council ( Established in June 2011 and was placed on a statutory basis at the end of 2012) Financial Services...

Written Answers — Department of Finance: Tax Yield (13 Jun 2013)

Michael Noonan: Corporation tax (CT) receipts to end-May, at €1,042 million, were €150 million (16.8%) ahead of profile and €60 million (5.5%) down year-on-year. This year-on-year reduction at this stage of the year was expected, as it was due entirely to the impact of the delayed €251 million CT payment received in 2012, which was reported on extensively by my Department...

Written Answers — Department of Finance: Tax Yield (13 Jun 2013)

Michael Noonan: VAT receipts to end-May, at €4,994 million, were €117 million (2.3%) below profile and €15 million (0.3%) up year-on-year. The Revenue Commissioners have made my Department aware that the shortfall recorded in the first five months of the year is largely attributable to receipts from VAT on imports, and not VAT internal receipts, which are more closely related to...

Written Answers — Department of Finance: Tax Yield (13 Jun 2013)

Michael Noonan: Income tax receipts to end-May, at €6,122 million, were €55 million (0.9%) below profile and €125 million up year-on-year. Income tax receipts in the month were basically on target, recording a small surplus of €4 million (0.3%) against a target of €1,075 million. As the Deputy may be aware, Income Tax comprises of a number of individual sub-heads,...

Written Answers — Department of Finance: Fiscal Policy (13 Jun 2013)

Michael Noonan: A correction plan, within the meaning of Section 6 of the Fiscal Responsibility Act 2012, is only relevant in the event of a significant deviation from the medium-term budgetary objective, or where relevant the adjustment path towards it, and exceptional circumstances do not apply. This is not envisaged to occur at any point over the forecast period. If the State is required to prepare a...

Written Answers — Department of Finance: Prize Bonds (13 Jun 2013)

Michael Noonan: The National Treasury Management Agency (NTMA) is responsible for the State Savings schemes which includes Savings Certificates, Savings Bonds, Prize Bonds, the National Solidarity Bond and Instalment Savings, as well as the Deposit Accounts such as the Ordinary Deposit Account and the Deposit Account Plus which are managed on behalf of the NTMA by An Post. The NTMA keeps the suite of State...

Written Answers — Department of Finance: Personal Debt (13 Jun 2013)

Michael Noonan: The service provider for the pilot framework approach to the co-ordinated resolution of multiple debts owed by a distressed borrower has not yet been selected. However, I am informed by the Central Bank that a process to select a provider is to be run over the course of June and that all parties who have expressed an interest in participation will be considered. As part of this process,...

Written Answers — Department of Finance: Prize Bonds (13 Jun 2013)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. The National Treasury Management Agency (NTMA) is responsible for the State Savings schemes which includes Prize Bonds. I am informed by the NTMA that they define unclaimed prizes from the Prize Bond draws as prizes that have remained unclaimed for more than six months. Unclaimed prizes remain a liability of the NTMA to the Prize Bond...

Written Answers — Department of Finance: VAT Rates Application (12 Jun 2013)

Michael Noonan: The standard VAT rate of 23% applies to the personal security alarms for the elderly. This rate also applies to fees charged for monitoring of such personal alarms. It is not possible under EU VAT law to apply a reduced or zero rate of VAT, or an exemption from VAT, to the supply and monitoring of such products. Under the Value Added Tax (Refund of Tax)(No. 15) Order, 1981, it may be...

Written Answers — Department of Finance: Value for Money Reviews (12 Jun 2013)

Michael Noonan: In September 2008 the Government agreed to undertake a new round of Value for Money and Policy Reviews covering the three year period 2009-2011. The Department of Finance was not scheduled to carry out any reviews during that round. Instead, the evaluative resources within the Department of Finance (via the Central Expenditure Evaluation Unit) were to be focussed primarily on contributing to...

Written Answers — Department of Finance: Mortgage Interest Rates Issues (12 Jun 2013)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to the variable mortgage interest rates charged by regulated financial institutions. It is a commercial matter for the banks concerned. The mortgage interest rates that financial institutions operating in Ireland charge to customers are determined as a result of a commercial decision by the institutions concerned. This...

Written Answers — Department of Finance: Property Taxation Exemptions (12 Jun 2013)

Michael Noonan: Based on the information provided by the Deputy it is not possible to give a definitive reply. However, the following information may be of relevance, depending on the circumstances. While there is no overall exemption from the Local Property Tax (LPT) for a person with a disability, or for houses which have been specially adapted to cater for a resident with a disability, in certain limited...

Written Answers — Department of Finance: Budget 2014 Issues (12 Jun 2013)

Michael Noonan: In the past, the Department of Finance has generally released three separate publications containing macroeconomic and budgetary forecasts. 1. The Stability Programme Update, the most recent of which was published on April 30th this year. 2. The Medium Term Fiscal Statement (MTFS), the most recent of which was published in early November 2012. 3. Updated forecasts in the Budget...