Results 18,281-18,300 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation (31 Jan 2013)

Michael Noonan: The legislation governing Local Property Tax (LPT) is contained in Finance (Local Property Tax) Act 2012 and was signed into law by the President on 26 December 2012. The Act sets out how the tax is to be administered, how a residential property is to be valued for LPT purposes and provides for the making of a Revenue Estimate. I am informed by the Revenue Commissioners that they are...

Written Answers — Department of Finance: Departmental Agencies (31 Jan 2013)

Michael Noonan: The following table is the response to the Deputy’s question. Name of Body No of vacancies and date vacancy arose No of advertised vacancies No of applications received Central Bank Commission 1 vacancy (31st Dec 2011) Expressions of interest sought Approximately 19 National Treasury Management Agemcy Advisory Committee Three vacancies 1 from 01 May 2012 2 from 01 Jan 2012...

Written Answers — Department of Finance: Fuel Rebate Scheme (31 Jan 2013)

Michael Noonan: The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them. I will consider these proposals and the level of the rebate in the context of the...

Written Answers — Department of Finance: Tax Collection (31 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the latest relevant sector-based information available on income earners in the tax system is derived from income tax returns filed for the income tax year 2010 and represents about 95 per cent of all returns expected at the time the data was compiled for analytical purposes. The data relating to the public sector includes individuals in...

Written Answers — Department of Finance: Tax Yield (31 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the yield from Tobacco Products Tax and estimated VAT on tobacco products for the years 2008 to 2012 is as follows: Tobacco Products Tax VAT €m €m 2008 1,170 327 2009 1,216 314 2010 1,159 335 2011 1,126 302 2012 1,113 310 It should be noted that the 2012 figure for Tobacco Products Tax is provisional at this...

Written Answers — Department of Finance: Pension Provisions (31 Jan 2013)

Michael Noonan: The pension fund levy applies at a rate of 0.6% per annum to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy will operate for a period of 4 years only (2011 to 2014) and the legislative provisions giving effect to the levy (section 4 of Finance (No 2) Act 2011) were specifically drafted to...

Written Answers — Department of Finance: Property Taxation (31 Jan 2013)

Michael Noonan: I understand that the Deputy is asking about the process by which residential estates are classified as ‘unfinished estates’ for the purpose of exemption from the Local Property Tax. The Finance (Local Property Tax) Act 2012 sets out in detail how the tax is to be administered and provides how a residential property is to be valued for LPT purposes. The Act also provides for...

Written Answers — Department of Finance: Redundancy Payments (31 Jan 2013)

Michael Noonan: The person in question is a civil servant, and as the Deputy will be aware in the context of the Civil Service Code of Standards and Behaviour, canvassing on behalf of civil servants is not appropriate. I am advised by the Revenue Commissioners that retirement benefits are being processed in accordance with the terms of the Superannuation Scheme for Civil Servants.

Topical Issue Debate: Promissory Notes (30 Jan 2013)

Michael Noonan: The Deputy asked at least a dozen questions. The underlying position is that Sinn Féin's political strategy is to build a political movement based on the hope that the Government will fail, that the economy will decline into a worse state than it was in when we inherited it and that the people will suddenly turn to Sinn Féin to rescue them from their misery. All of the questions...

Topical Issue Debate: Promissory Notes (30 Jan 2013)

Michael Noonan: As the Deputy is aware, the Government has been working extremely hard to secure a deal on the Irish bank debt with our European partners. Detailed work will continue in order to maximise the benefit of any deal to the Irish taxpayer. Negotiations are continuing and I advise the Deputy that conclusions on their outcome are premature at this point. I have stated previously that I am working...

Topical Issue Debate: Labour Activation Projects (30 Jan 2013)

Michael Noonan: I thank Deputy Hayes for raising this issue. He has made many interesting points about the eligibility of self-employed persons to participate in certain schemes and I will certainly bring his views to the attention of my colleague, the Minister for Social Protection, Deputy Joan Burton. I will initially read the script provided by her Department to set the matter in context. In the...

Topical Issue Debate: Labour Activation Projects (30 Jan 2013)

Michael Noonan: I have a note which might help the Deputy. Self-employed workers are liable for PRSI at the Class S rate of 4%. Class S contributions provide cover for long-term benefits such as the State pension, contributory pension and widow's or widower's pension. In certain cases a self-employed person who had insurable employment in the relevant year, currently 2008, and has paid sufficient class A...

Written Answers — Department of Finance: National Debt (30 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 59 and 62 together. State support for the banking sector to end-2012 has amounted to approximately €64 billion gross, which includes Exchequer payments, Promissory Note payments in respect of IBRC and EBS, as well as additional funding from the NPRF. The Deputy should be aware that the Exchequer is funded by tax and non-tax revenue and borrowings. No...

Written Answers — Department of Finance: Bank Guarantee Scheme (30 Jan 2013)

Michael Noonan: I assume that in using the term 'guaranteed bonds', the Deputy is referring to bonds covered by the Eligible Liabilities Guarantee Scheme and which are due to mature at a future date. The total value of such bonds as of 25 January, 2013, is approximately €17.3 billion.

Written Answers — Department of Finance: Tax Code (30 Jan 2013)

Michael Noonan: The existing restriction of reliefs or horizontal measure is activated where individuals have an adjusted income of €125,000 and claim specified reliefs of €80,000 or more. Those subject to the full restriction, at adjusted incomes of €400,000 or greater will pay an effective income tax rate of 30% in addition to PRSI and levies. Broadly, the reliefs restricted are the...

Written Answers — Department of Finance: Fuel Rebate Scheme (30 Jan 2013)

Michael Noonan: The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them. I will consider these proposals and the level of the rebate in the context of the...

Written Answers — Department of Finance: National Treasury Management Agency (30 Jan 2013)

Michael Noonan: I am advised by the National Treasury Management Agency (NTMA) that the Agency’s remuneration review in respect of 2012 is currently being finalised.

Written Answers — Department of Finance: Departmental Staff (30 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 65, 66 and 68 together. The number of staff in the SMU is 25. Of this number, 10 are on secondment from the NTMA and 10 are Department of Finance employees. The secondment of NTMA employees is not time limited as the NTMA Banking Unit was seconded to my Department for so long as is required by the Department to fulfil its functions in respect of the banking...

Written Answers — Department of Finance: Departmental Staff Numbers (30 Jan 2013)

Michael Noonan: The number of staff seconded from the National Treasury Management Agency (NTMA) into my Department was as follows - 2009 2010 2011 2012 0 0 9 12 Note: these are year-end numbers. There were three additional secondments during 2012 to replace staff on secondment to my Department who resigned from the NTMA in the course of the year.

Written Answers — Department of Finance: National Treasury Management Agency (30 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 69 and 76 together. I am informed by the National Treasury Management Agency (NTMA) that NTMA employees have notice periods of one or three months and six months in the case of the Chief Executive. I understand the Chief Executive of the Agency is reviewing NTMA policy in this area. All NTMA employees are subject to section 14 of the National Treasury...