Results 18,321-18,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Mortgage Interest Relief (29 Jan 2013)

Michael Noonan: I have been supplied with the following information by the State controlled banks. AIB’s Central and Retail staff worked closely with its customers and their solicitors in ensuring loan conditions were satisfied to enable funds to be released by year end. Significant resources were provided in this regard and staff were deployed at evenings and weekends throughout the month and up to...

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

Michael Noonan: The position is that, in this instance, the relevant legislation is Section 465 of the Taxes Consolidation Act, 1997. The section provides that the credit is available for a child under the age of 18 years, where there is a reasonable expectation that the child would be incapacitated from maintaining himself or herself when over 18 years of age. It is practice to request confirmation from a...

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael Noonan: As the Deputy will be aware Ireland is in the final year of the EU-IMF Programme of Financial Support. The Programme is subject to a quarterly review mission with the three external partners, the EU, the ECB and the IMF (the Troika). It is at these review missions that discussions take place with regard to programme commitments which translate into the Programme documents which are updated...

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

Michael Noonan: I propose to take Questions Nos. 241 and 283 together. I am advised by the Revenue Commissioners that during March 2013 property owners will receive their LPT return from Revenue together with an LPT booklet, which will provide details of the full range of payment options available to pay LPT. The LPT return must be submitted and payment details provided to Revenue by 7 May, if using the...

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

Michael Noonan: As the Deputy will be aware officials in my Department and Mercer have been working on a remuneration review of the Covered Banks and do not currently have the information you have requested. My officials and the banks have provided a very significant level of detail on remuneration and pensions in the Covered Banks and other institutions in tight timeframes.The further more detailed...

Written Answers — Department of Finance: Liquor Licences (29 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the numbers of lapsed licences for each of the years 2002 to 2007 inclusive, is set out below under various categories. I am further advised by the Revenue Commissioners that traders are not obligated to inform Revenue as to why they have decided to let a licence that they hold lapse. Accordingly, the Revenue Commissioners are not in a position...

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael Noonan: The data requested by the Deputy is set out in the table below which has been supplied by the National Treasury Management Agency (NTMA) and is also available on the NTMA’s website. The table shows the amounts maturing under the EU/IMF programme in each year from 2015. The figures reflect the position as at end-December 2012, at which point just under €56 billion of the...

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael Noonan: In 2010 the IMF approved a programme under the Extended Fund Facility (EFF) to Ireland amounting to SDR 19.5 billion, which equates to €22.5 billion, as part of the overall EU/IMF programme of financial support. The IMF Executive Board has made a decision on the appropriate amortization schedule for EFF programmes with any member country of the IMF. This decision provides that...

Written Answers — Department of Finance: Government Bonds (29 Jan 2013)

Michael Noonan: The European Central Bank (ECB) has legal personality under public international law, and is fully independent in the carrying out of its functions. This independence is enshrined in the EU Treaties. The ECB has stated that Outright Monetary Transactions (OMT) will be considered for future cases of EFSF/ESM macroeconomic adjustment programmes or precautionary programmes. They may also be...

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael Noonan: Ireland is entering the final year of our EU/IMF programme of financial assistance and we are preparing to exit that programme. At the end of the eighth, EU/IMF review mission, in October, I indicated that we would be discussing the measures necessary for a successful exit with the Troika. This discussion will be initiated during the ninth review mission, which started today. All options will...

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

Michael Noonan: I am informed by the Revenue Commissioners that as the information furnished in income tax returns in relation to foreign rental income does not require the location of these properties to be identified it is not possible to provide a breakdown of the properties in question by country of location as requested by the Deputy. I am also advised by the Commissioners that the legislative...

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

Michael Noonan: I have decided that that the Commission for Energy Regulation should be the designated authority for the relief set out in Finance Act 2012 and CER has acceded to my request to perform this function. The process of designation is underway and a number of issues are being finalised between Revenue and the Commission for Energy Regulation so that the relief can be applied.

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

Michael Noonan: I am informed by the Revenue Commissioners that based on the information provided they are unable to locate any documentation relating to the two parties concerning the property mentioned. If the Deputy can provide a reference number, a further search will be made to retrieve the documentation and a comprehensive reply will issue. The person concerned or the Deputy may contact the Dublin...

Written Answers — Department of Finance: Insurance Coverage (29 Jan 2013)

Michael Noonan: At the outset, it should be noted that the issue of flood cover and its unavailability is one which I am familiar with. I am also very conscious of the difficulties that the absence of such cover can causes to householders. The Deputy will be aware, that the issue of provision of new flood cover or the renewal of existing flood cover is a commercial matter for insurance companies, which has...

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

Michael Noonan: The Thornhill Group, the inter-departmental group, chaired by Dr Don Thornhill, established to consider the structures and modalities of a property tax, recommended that owners and not occupiers be the liable persons for the local property tax. This was also the view of the 2009 Commission on Taxation. The Thornhill Group recommended that the Local Property Tax paid in respect of a...

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

Michael Noonan: I am advised by the Revenue Commissioners that under existing legislation income tax is charged under Schedule D of the Taxes Consolidation Act 1997 in respect of a number of sources of income, which are classified into five separate Cases. Under this provision, rent received by landlords (individuals and companies) from property in the State is chargeable to tax under Case V, while income...

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

Michael Noonan: This question relates to the restriction on the deductibility of interest in computing taxable rental income from residential property: in the case of interest accruing on or after 7 April 2009 (insofar as it would otherwise be allowable) the deduction available to the landlord is limited to 75% of such interest. For the purpose of this reply, I am treating the reference to “formal...

Written Answers — Department of Finance: State Savings Scheme (29 Jan 2013)

Michael Noonan: Officials of my Department regularly engage with the National Treasury Management Agency (NTMA), covered institutions and other stakeholders 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, Instalment Savings and Deposit Accounts such...

Written Answers — Department of Finance: European Stability Programmes (29 Jan 2013)

Michael Noonan: As part of its response to the global economic and financial crisis, the EU has adopted a number of measures. This began with EU 2020, the EU’s growth strategy for the decade which aims to make the EU a smart, sustainable and inclusive economy. This was followed by the European Semester to which was added the Euro Plus Pact and the so-called ‘six-pack’ which came into...

Written Answers — Department of Finance: European Stability Mechanism (29 Jan 2013)

Michael Noonan: The deferral of interest on loans received under a programme of financial assistance from the European Financial Stability Facility (EFSF) and European Financial Stabilisation Mechanism (EFSM) that you propose arose in the context of the recently agreed package of measures designed to further assist Greece regain financial stability. The interest Greece will pay on its EFSF loans (it has no...