Results 18,301-18,320 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am advised by the Revenue Commissioners that the taxpayer in question has been issued with a Tax Credit Certificate for 2013 on a separate assessment basis showing tax credits of €3,300 per annum. However he should correctly be on a Joint assessment basis with a married tax credit. An amended tax credit certificate is being issued to give effect to this. His tax credits will then...

Written Answers — Department of Finance: Property Taxation (30 Jan 2013)

Michael Noonan: The position for 2014 is as outlined by the Deputy in his question. Section 960A of the Taxes Consolidation Act 1997 [as amended by the Finance (Local Property Tax) Act 2012] provides that Local Property Tax is a tax due and payable to the Revenue Commissioners and therefore by virtue of Section 960D of the Taxes Consolidation Act 1997, a debt due to the Minister for Finance for the benefit...

Written Answers — Department of Finance: NAMA Portfolio (30 Jan 2013)

Michael Noonan: I am advised by NAMA that the information sought by the Deputy is of a commercial nature and that its disclosure would potentially place NAMA at a commercial disadvantage. I am advised accordingly by NAMA that it is precluded from providing the information.

Written Answers — Department of Finance: European Financial Stability Facility (30 Jan 2013)

Michael Noonan: At the meetings of Eurogroup and ECOFIN Finance Ministers on 21 and 22 January 2013, respectively, it was agreed that the requests by Portugal and Ireland for an extension of maturities would be considered by senior officials and would then come back to Finance Ministers for further consideration. In my comments to the media following these meetings I made the point that it would be...

Written Answers — Department of Finance: Promissory Notes (30 Jan 2013)

Michael Noonan: As the deputies are aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt with our European partners and detailed work will continue to ensure that positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer. This work is one of the Government’s key priorities and will remain a key focus during the EU presidency. ...

Written Answers — Department of Finance: European Stability Mechanism (30 Jan 2013)

Michael Noonan: As I outlined in my reply to similar question from the Deputy yesterday, Ireland is entering the final year of our EU/IMF programme of financial assistance and we are preparing to exit that programme. By way of information, both the IMF and the European Stability Mechanism (ESM) can provide precautionary financial assistance. The ESM Treaty provides, in Article 14, that the Board of...

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

Michael Noonan: The sale of loan portfolios is a commercial matter for the management and the Board of the Institutions. I have a limited role in this function. Allied Irish Banks (AIB) informs me that it has sold mortgage portfolios as part of its continuing strategy to meet non-core deleveraging targets set out by the Central Bank of Ireland as part of PLAR 2011 and to assist with viability enhancing...

Written Answers — Department of Finance: Parliamentary Questions (30 Jan 2013)

Michael Noonan: The reply to this parliamentary question issued from my office today. As I indicated to the Deputy in my response to parliamentary question number 2018/13, several factors contributed to the delay in replying to this parliamentary question. The scope of the question, both in terms of the number of calendar years included in the request, the inclusion of bodies and state agencies under the...

Written Answers — Department of Finance: Tax and Social Welfare Codes (29 Jan 2013)

Michael Noonan: The payment of income tax and universal social charge (USC) on income are statutory obligations on both employees and self-employed which are legislated for in the Houses of the Oireachtas. Individuals that are subject to income tax and USC do not accumulate entitlements or specific benefits but do benefit from the services provided by the State.

Written Answers — Department of Finance: Public Sector Recruitment (29 Jan 2013)

Michael Noonan: I previously advised the House in my reply to Question No. 57388/12 that the Revenue Commissioners would be resourced to ensure the successful implementation of the local property tax. The additional resources required for 2013 are noted in the Department of Public Expenditure and Reform Expenditure Report 2013. The Employment Control Framework of 5,874 includes 100 additional posts...

Written Answers — Department of Finance: Customs and Excise Controls (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 204 to 215, inclusive, and 253 together. I am advised by the Revenue Commissioners that the table below contains the information requested by the Deputy in respect of seizures by their enforcement officers of firearms, bullets, offensive weapons, psychoactive substances, narcotic drugs and cigarettes, for the years 2005 to 2012.   -   Firearms...

Written Answers — Department of Finance: Property Taxation (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 216 and 217 together. In accordance with Section 11 of the Finance (Local Property Tax) Act 2012, local authorities will be liable to pay the Local Property Tax (LPT) in the same way as any other residential property owner, unless the properties are used to accommodate people with special housing needs. Special housing needs refers to the provision of...

Written Answers — Department of Finance: Motor Fuels (29 Jan 2013)

Michael Noonan: I am advised that excise duty is applied to auto-diesel when it is released from a tax warehouse, the Revenue Commissioners; therefore, do not have data on the end use of auto-diesel. However, an ESRI study estimated that the haulage industry accounted for some 735 million litres of auto-diesel with passenger vehicles accounting for approximately 35 million litres.

Written Answers — Department of Finance: National Treasury Management Agency (29 Jan 2013)

Michael Noonan: The Civil Service Code of Standards and Behaviour contains provisions regarding acceptance of outside appointments and of consultancy engagement following resignation or retirement. This code does not apply to directors or employees in State bodies in the wider public service. I am informed by the National Treasury Management Agency (NTMA) that the number of employees who have resigned from...

Written Answers — Department of Finance: Bank Debt Restructuring (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 220 to 224, inclusive, together. As announced by my Department on January 9th, the State was successful in disposing of its entire €1 billion holding of Contingent Capital Notes (CCNs) in Bank of Ireland (BOI). The transaction was a very positive outcome for the State on a number of levels. It will enable us to reduce our indebtedness, it has had a...

Written Answers — Department of Finance: Banking Sector Staff (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 225 and 226 together. On the issue of the involvement of the former head of the Shareholder Management Unit, the officer went on holidays to Australia on 12 December, 2012 and did not return to the Department until January 14th, 2013 at which time he tendered his resignation and in accordance with normal practice will not take up duty in the banks for...

Written Answers — Department of Finance: Bank Debt Restructuring (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 227 to 234, inclusive, together. The sale of loan portfolios is a commercial matter for the management and the Board of the Institutions. I have a limited role in this function. The sales prices for various portfolios and individual loans are a matter of confidentiality between the parties. It is normal course of practice that sales processes are...

Written Answers — Department of Finance: Banks Recapitalisation (29 Jan 2013)

Michael Noonan: I have been advised that it is not possible to compile the type of information requested by the Deputy. The overriding mandate of IBRC is to maximise the recovery of loans on behalf of the State and to wind down over time. It is Bank policy that the execution of any asset or loan disposals is conducted on a competitive open market basis and in accordance with prevailing market norms for the...

Written Answers — Department of Finance: Tax Credits (29 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that in accordance with normal practice all employers were issued with 2013 tax credit certificates for their employees in mid-December 2012. This consisted of almost 2.3 million certificates. These certificates are issued as a priority to employers to ensure that they have the correct tax credit details upon which to base tax deductions from the...

Written Answers — Department of Finance: Tax Reliefs (29 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 237, 248, 249 and 258 together. 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...