Results 22,781-22,800 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there is no indication of their date of birth which means that they were potentially liable to additional tax. However, I am further informed that based on the most recent figures supplied to the...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that he was potentially liable to additional tax. However, I am further advised that based on the most recent figures supplied to the Revenue Commissioners by his employer,...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that they were potentially liable to additional tax. Based on the most recent figures supplied to the Revenue Commissioners by his pension provider, for the 2010 tax year,...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that they were potentially liable to additional tax. Based on the most recent figures supplied to the Revenue Commissioners by his pension provider, for the 2010 tax year,...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that they were potentially liable to additional tax. However, I am further advised that based on the most recent figures supplied to the Revenue Commissioners by his...

Written Answers — Tax Collection: Tax Collection (17 Jan 2012)

Michael Noonan: The matter of communications between the Revenue Commissioners and members of the public are the responsibility of the Commissioners and they use a variety of methods and means to explain the many complexities of taxation. Regarding the matter of the communications between Revenue and the 115,000 recipients of DSP pensions who may have a potential additional tax liability, I am advised by...

Written Answers — Tax Collection: Tax Collection (17 Jan 2012)

Michael Noonan: The most recent figures available to the Revenue Commissioners, those for the 2010 tax year, indicate that the person concerned will have a small tax liability in the current year arising from the manner in which he and his partner have shared their tax credits. If he wishes to discuss the matter further he should contact his local Revenue Office at Revenue House, Blackpool, Cork or phone Mr....

Written Answers — State Banking Sector: State Banking Sector (17 Jan 2012)

Michael Noonan: Neither I, as Minister for Finance, nor the Central Bank, have a statutory role in the setting of interest rates charged or paid by financial institutions regulated by the Central Bank except in the case of the interest rate cap imposed on the credit union sector. Each institution determines the rate it charges its customers, depending on a number of factors, such as cost of funds and...

Written Answers — Credit Unions: Credit Unions (17 Jan 2012)

Michael Noonan: The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions. Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. This is part of normal regulation...

Written Answers — Disabled Drivers: Disabled Drivers (12 Jan 2012)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of a car adapted for the transport of a person with specific severe and permanent physical disabilities, to those who meet certain disability criteria. The disability criteria for eligibility for the tax concessions under this scheme are set out in...

Written Answers — State Property: State Property (12 Jan 2012)

Michael Noonan: My Department does not occupy any Government offices in County Kerry. The Office of Public Works is responsible for the leasing and purchase of most Government offices within the State. You should contact OPW regarding any future plans they may have for the Government offices which are based in County Kerry.

Written Answers — Tax Collection: Tax Collection (12 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 78 and 81 to 83, inclusive, together. I am advised by the Revenue Commissioners that in September 2011, under the auspices of a High Level Group of officials charged with ensuring ever closer working between the Department of Social Protection and Revenue, work commenced on looking afresh at data holdings in both organisations which had not previously been...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (12 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that a tax clearance certificate has not been issued to the company concerned because the tax affairs of directors of the company are not up to date. Some directors of the company are partners in a partnership that has outstanding tax returns. However, in view of the particular circumstances of the case, the Revenue Commissioners have now decided...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: The position is that the amount representing what is known as the "living alone allowance" payable under the Social Welfare Acts is not a separate pension but rather is an increased amount of certain pensions such as the widows' pension and the State pension (previously known as the old age pension). Such pensions, including the living alone increase, are taxable.

Written Answers — Bond Markets: Bond Markets (12 Jan 2012)

Michael Noonan: It is the stated intention of the National Treasury Management Agency (NTMA) to return to sovereign debt markets as soon as market conditions permit. My hope is that a full return to the bond markets will become possible by mid-2013. The steps necessary to position the NTMA for such a return include continued progress in the reduction of the budget deficit in line with the targets agreed in...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jan 2012)

Michael Noonan: The assessment and application of the stress tests of Irish Banks is not a function of the Department of Finance but the Central Bank has informed me that it is preparing its plans for the 2012 Financial Measures Programme, including the nature, timing and specification of solvency stress tests. The activities proposed in these plans are subject to the review by, and agreement with, the...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jan 2012)

Michael Noonan: The assessment and application of the stress tests of Irish Banks is not a function of the Department of Finance but the Central Bank has informed me that the solvency stress test applied by the Central Bank of Ireland in 2011 was used to recapitalise the Irish guaranteed institutions. The stress test scenarios were designed to represent extreme but plausible events, but they were not...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the information currently available, the weekly income of the person concerned will be reduced by an amount of €9.94 per week. Revenue will be contacting the person concerned directly to ensure that the details on record are up to date.

Written Answers — Tax Collection: Tax Collection (12 Jan 2012)

Michael Noonan: I am informed by the Revenue Commissioners that as the person concerned has an annual income in excess of €10,036 he is liable for the Universal Social Charge. The rates of the charge are 2% on amounts up to €10,036 (€193 weekly), 4% thereafter on amounts up to €16,016 (€ 308) weekly, and 7% on income over €16,016. A Tax Credit and Universal Social Charge Certificate for the...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 89 to 93, inclusive, together. I am informed by the Revenue Commissioners that figures of the numbers of Capital Acquisitions Tax (CAT) returns filed in the years 2001 to 2010, as published in the "Volume of Business" table of their Annual Reports, are as shown in the following table. Year Inland Revenue Affidavits Gift/Inheritance and Discretionary Trust...