Results 4,121-4,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Prize Bonds (25 May 2016)

Michael Noonan: The NTMA has advised me that the gross sales of Prize Bonds in each of the last 10 years are contained in the following table: Year Million 2015 €551.5 2014 €475.3 2013 €475.6 2012 €352.6 2011 €311.0 2010 €398.4 2009 €369.6 2008 €279.2 2007 €143.2 2006 €133.3

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (25 May 2016)

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 an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: National Monuments (25 May 2016)

Michael Noonan: The Deputy's question relates to the financial affairs and operations of private company. I, as Minister for Finance, have no role whatsoever in such matters. NAMA advises that the loans associated with this company were sold as part of Project Jewel loan sale in 2015. I am further advised that NAMA has no involvement in the court action to which the Deputy refers.

Written Answers — Department of Finance: Tax Clearance Certificates (25 May 2016)

Michael Noonan: The Central Bank has informed me that credit unions are not required to specify the loan threshold amount before a Tax Clearance Certificate is required for loan approval. In general, a credit union's credit policy, including how a credit union assesses creditworthiness or a member's capacity to repay is a matter for each individual credit union, taking account of relevant legal...

Written Answers — Department of Finance: Property Tax Exemptions (25 May 2016)

Michael Noonan: The 2012 report of the interdepartmental group (chaired by Dr Don Thornhill) on the design of a Local Property Tax (LPT) considered the issue of introducing an exemption or waiver for those below a certain income threshold. However, the report concluded that income related waivers are an inefficient and costly method of targeting relief as they run the risk of creating inequities between...

Written Answers — Department of Finance: VAT Rate Reductions (25 May 2016)

Michael Noonan: The construction sector have been calling for the 9% VAT rate to be extended to residential construction. It should be noted that while most Member States apply the standard rate to construction services on average 21.5% - Ireland already applies a 13.5% reduced rate of VAT to all construction services under a derogation from the EU VAT Directive. The ESRI recently reported that any tax...

Written Answers — Department of Finance: Employment Rights (25 May 2016)

Michael Noonan: I am advised by the Revenue Commissioners that a site-based employee may be described as one who does not have a fixed base and who, in the course of his/her employment, performs substantive duties on behalf of his/her employer at different locations e.g. employees in the construction industry. The legislative position is such that a site-based employee is not entitled to a tax deduction in...

Written Answers — Department of Finance: Rural Transport Programme (24 May 2016)

Michael Noonan: In terms of VAT, rural public transport is promoted in a number of respects. The transport of passengers and their accompanying baggage is exempt from VAT in Ireland under an historic derogation, while in the majority of other EU Member States VAT is charged on public transport. In this respect, rural public transport services are exempt from VAT, where VAT is not charged on the transport....

Written Answers — Department of Finance: Stamp Duty (24 May 2016)

Michael Noonan: The Property Price Register and the Commercial Lease Register are published on the website operated by the Property Service Regulatory Authority (PSRA). I am advised by Revenue that in line with the provisions of the Stamp Duty Consolidation Act, 1999 they supply data to the PSRA on a weekly basis, from the e-stamping system, to populate these registers. The e-stamping system is in operation...

Written Answers — Department of Finance: Credit Union Data (24 May 2016)

Michael Noonan: I am advised by the Revenue Commissioners that credit unions that are registered, or deemed to be registered, under the Credit Union Act 1997 are exempt from Corporation Tax by virtue of section 219A of the Taxes Consolidation Act 1997. Credit unions are not-for-profit member owned financial co-operatives funded primarily by member deposits and existing to attain the economic...

Written Answers — Department of Finance: Tax Yield (24 May 2016)

Michael Noonan: I am advised by Revenue that the Mineral Oil Tax, Carbon Tax and VAT collected on petrol and auto diesel for the year 2015 is contained in the following table: Petrol Mineral Oil Tax Carbon VAT Total €m €m €m €m 2015 767.9 62.3 364.1 1,194.3 Auto Diesel Mineral Oil Tax Carbon VAT Total €m €m €m €m 2015 1,307.8 158.1 73.6 1,539.5...

Written Answers — Department of Finance: Tax Yield (24 May 2016)

Michael Noonan: I am advised by Revenue that the VRT paid and estimated VAT in respect of both new and used private motor vehicles in 2015 is contained in the following table: Vehicle Class 2015 Cars Gross Registrations 121,829 VRT € m 389.2 VAT(Est) € m 298.6 Car Derived Vans Gross Registrations 2,030 VRT € m 6.9 VAT(Est) € m 3.6 Motor Cycles Gross Registrations...

Written Answers — Department of Finance: Property Tax Exemptions (24 May 2016)

Michael Noonan: The legislation governing the administration of Local Property Tax (LPT) provides for a limited number of exemptions from LPT. There is no specific exemption for properties affected by Mica and there are no plans to introduce such an exemption. Contrary to the assertion in the Deputy's question, the previous Government did not indicate that such properties were exempt from LPT. LPT...

Written Answers — Department of Finance: State Banking Sector (24 May 2016)

Michael Noonan: The programme for partnership Government document states that we will "not sell more than 25% of any bank before the end of 2018 (plus any small additional shareholding required by the under-writer to complete the sales process)." The provision is an acknowledgement that we intend to exit these investments in a measured and careful manner. The provision refers to 25% of total shares...

Written Answers — Department of Finance: Private Bus Operators (24 May 2016)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT in Ireland under paragraph 14(3) of Schedule 1 to the VAT Consolidation Act 2010. Therefore, the services of private bus transport operators are exempt from VAT. Persons whose services are exempt from VAT are not required to register for VAT or charge VAT on the supply of their services. This means that they cannot...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 May 2016)

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 an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: Tax Exemptions (24 May 2016)

Michael Noonan: Section 664 of the Taxes Consolidation Act 1997 (TCA) provides for a tax exemption in respect of income received by persons from certain long term leases of farm land. The purpose of the relief is to encourage more landowners to lease out land on a long term basis to active farmers thereby encouraging more productive use of the land. The farm land must be used by the lessee for the purpose of...

Written Answers — Department of Finance: Central Bank of Ireland (24 May 2016)

Michael Noonan: The following table sets out Central Bank of Ireland-related legislation on which advisory opinions have been sought from the European Central Bank, the date the opinions were sought, and the date the opinions were provided. Consultation of the European Central Bank is a requirement of the Treaty on the Functioning of the European Union where the draft law relates to the Central Bank of...

Written Answers — Department of Finance: Tax Code (24 May 2016)

Michael Noonan: In referring to "accidental landlords" I understand the Deputy means property owners in negative equity who have moved to alternative accommodation as a result of factors such as a growing family or a change in work location, while letting out their own property to other tenants. Some accidental landlords may not have felt in a position to sell their property because they were...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (24 May 2016)

Michael Noonan: The Ireland Strategic Investment Fund (the Fund) was established in December 2014 under the National Treasury Management Agency (Amendment) Act 2014, with a mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. The first investment strategy of the Fund was published in July 2015.  It sets out the long-term strategic...