Results 16,061-16,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Availability (16 May 2013)

Michael Noonan: I assume that the Deputy is referring to the relief available under section 15A of the Finance (Local Property Tax) Act 2012 (as amended) for properties adapted for use by disabled persons. At the outset I would like to clarify that this relief only applies where the adaptation work increases the market value of the property. I would also refer the Deputy to my detailed reply to a similar...

Written Answers — Department of Finance: VAT Information Exchange System (16 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that there are currently 6 companies who submit VIES (VAT Information Exchange System) returns using the Connect Direct facility. There are circa 10,000 registered VIES traders and the vast majority submit their returns using ROS, the Revenue Online system. Due to a technical limitation, the ROS system cannot cater for returns that contain more...

Written Answers — Department of Finance: Property Taxation Collection (16 May 2013)

Michael Noonan: I am advised by Revenue that in excess of 700,000 Local Property Tax (LPT) Returns have been successfully filed to date. As the Deputy will appreciate, with returns being filed on a constant basis, the Commissioners' focus is on processing the returns, dealing with correspondence, telephone calls and payment processing. It would not be practical or particularly useful for the Revenue...

Written Answers — Department of Finance: Mortgage Arrears Rate (16 May 2013)

Michael Noonan: I am advised that the Central Bank does not publish statistical data on arrears broken down by the entire sum owed. However, the most recent Central Bank published mortgage arrears and repossession statistics, which is for the end of December 2012, contains information on the total outstanding sums owed in relation to mortgages in arrears, as well as details on the aggregate value of...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (16 May 2013)

Michael Noonan: The National Treasury Management Agency (NTMA), as Manager of the National Pensions Reserve Fund (NPRF), has advised that a Letter of Intent was signed on 8 January 2013 in respect of the SME Credit Fund to be managed by BlueBay Asset Management. This fund aims to make loans of between €5 million and €50 million to borrowers that are established companies, with a strong credit...

Written Answers — Department of Finance: National Treasury Management Agency Bond Issues (16 May 2013)

Michael Noonan: Over the course of 2012 and to date in 2013 the National Treasury Management Agency (NTMA) has been actively engaged with the bond and treasury bill markets. In January 2013 the NTMA sold €2.5 billion of the existing bond maturing in 2017 at a yield of 3.32%, the first such syndicated deal for three years. In March 2013 the NTMA sold €5 billion of a new 10 year bond, maturing in...

Written Answers — Department of Finance: EU-IMF Programme of Support Issues (16 May 2013)

Michael Noonan: In order to improve analysis of the fiscal statistics provided by my Department and in the spirit of transparency, the Stability Programme Update includes, in table A1.3, a comparison of the receipts and expenditures in the current table with the most recent table produced at Budget time. In table A1.3, note 4 refers to the reclassification of an item from 'other expenditure, to 'social...

Written Answers — Department of Finance: Property Taxation Administration (16 May 2013)

Michael Noonan: As I outlined in my speech to this House on Budget Day and subsequently throughout the passage of the Finance (Local Property Tax) Act 2012 through the Oireachtas, from 1 January 2015 local authorities will have discretion to vary the rate by 15% above or below the national central rate. This is not new information, it was made clear when the legislation was first published. It is...

Written Answers — Department of Finance: Mortgage Applications Approvals (16 May 2013)

Michael Noonan: I note the Deputy’s concerns regarding the checks being made by the banks prior to granting credit to individuals. Affordability is the key test in terms of meeting mortgage commitments and against the current backdrop of high levels of mortgage arrears, prudential policy by the financial institutions has led to more extensive analysis of present and prospective ability of by...

Written Answers — Department of Finance: EU Directives (16 May 2013)

Michael Noonan: At the ECOFIN meeting on 14th May Finance Ministers discussed a range of items including the proposal for a bank recovery and resolution directive ("BRRD"). The BRRD proposal aims to introduce an effective recovery and resolution framework for credit institutions and investment firms at national level to ensure minimum harmonisation at EU level. The proposal provides for three stages of...

Written Answers — Department of Finance: Property Taxation Administration (16 May 2013)

Michael Noonan: I propose to take Questions Nos. 107 and 111 together. I am advised by Revenue that the issue to which the Deputies refer was first brought to its attention late on Thursday night, 9 May 2013. The issue concerned people who filed and paid via telephone through the LPT Helpline and who used credit or debit cards as the payment method. In total, the details of 11 credit/debit cards were...

Written Answers — Department of Finance: EU Treaties (16 May 2013)

Michael Noonan: As Presidency, we are working to progress the ambitious agenda on Banking Union set by the European Council in December. We have achieved agreement on the Single Supervisory Mechanism – a very significant step forward. We have also achieved agreement on the Capital Requirements Directive IV, which aims to strengthen the capital requirements for banks and the overall effectiveness of...

Written Answers — Department of Finance: Property Taxation Administration (16 May 2013)

Michael Noonan: I am advised by Revenue that the person in question was linked to two properties on the Register. The LPT Branch has removed the person's name as the owner of the second property and issued a paper Return to him. However, if this was not received in time to meet the deadline of 7 May for filing a paper LPT Return, the person in question should file the LPT Return for his property by either...

Written Answers — Department of Finance: Money Advice and Budgeting Service Issues (16 May 2013)

Michael Noonan: The Central Bank has announced its intention to operate a pilot scheme for the restructuring of secured and unsecured distressed consumer debt across multiple lenders. The aim of the pilot framework is to achieve sustainable and fair outcomes without the need for the borrower to enter the full insolvency process. It is focused on enhancing cooperation between lenders of secured and unsecured...

Written Answers — Department of Finance: Bank Interest Rates (16 May 2013)

Michael Noonan: As I indicated to the Deputy in a PQ reply in January of this year, officials of my Department regularly engage with the commercial banks on a wide range of issues, including the cost of funding. The 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...

Written Answers — Department of Finance: State Savings Value (16 May 2013)

Michael Noonan: I propose to take Questions Nos. 113 and 114 together. State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of savings products offered by the State to personal savers. An Post is an agent of the NTMA in respect of the sale of the State Savings product range which includes Savings Bonds, Savings Certificates, Instalments Savings,...

Written Answers — Department of Finance: Property Taxation Collection (16 May 2013)

Michael Noonan: As I have indicated to the House on a number of occasions, most recently in my reply to Parliamentary Questions Nos. 87 (20652/13) and 92 (20686/13) on 1 May, liable persons who have not yet received an LPT Return from Revenue must still self-assess the amount of LPT due, complete and file their LPT Return by the relevant deadline and pay the tax due. In my previous replies I also indicated...

Written Answers — Department of Finance: Property Taxation Exemptions (15 May 2013)

Michael Noonan: Local authorities will be liable to pay the Local Property Tax (LPT) on their properties in the same way as any other residential property owner, unless the properties in question are used to provide special needs accommodation. This refers to people who require support to enable them to live in the community, such as sheltered accommodation for the elderly or the disabled. The Revenue...

Written Answers — Department of Finance: Motor Fuels Issues (15 May 2013)

Michael Noonan: The Deputy will be aware that I engaged on a number of occasions last year with the Irish Road Haulage Association and, out of that engagement, a working group was set up between Department officials, Revenue, the IRHA and public representatives to examine the issue of fuel prices. In Budget 2013 I announced that I would be introducing a commercial diesel relief thus allowing qualifying...

Written Answers — Department of Finance: Health Levy Issues (15 May 2013)

Michael Noonan: The Health Insurance (Miscellaneous Provisions) Act 2009 was introduced to make the cost of private health insurance accessible to older people, to support the Government’s policy of community rating of health insurance. Community rating, in principle, provides that everybody is charged the same premium for a particular health insurance plan, irrespective of age, gender and the...