Results 5,881-5,900 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: Section 216A of the Taxes Consolidation Act 1997 provides for the rent-a-room scheme. This scheme was introduced in Finance Act 2001 as an incentive to encourage individuals to let rooms in their principal private residence in order to bring about an increase in the availability of rental accommodation, particularly, but not exclusively, for the student sector. It is available in all...

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a change in VAT rates must be in compliance with the EU VAT Directive (Council Directive 2006/112/EC).  That Directive generally provides that supplies of goods and services be chargeable to VAT at the standard rate but that lower rates are permitted in very limited circumstances. Article 98 of the Directive provides that reduced rates may...

Written Answers — Department of Finance: Tax Code (6 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 284 and 285 together. With regard to the estimated cost of decreasing the Universal Social Charge from 3.5% to 3% for earners between €12,012.01 and €17, 576, I am advised by the Revenue Commissioners that a Pre-Budget 2016 Ready Reckoner is available on the Revenue Statistics webpage at.  This Reckoner shows a wide range of information...

Ramming of Garda Vehicles Bill 2015: First Stage (1 Oct 2015)

Michael Noonan: No.

Double Taxation Relief Orders: Motions (1 Oct 2015)

Michael Noonan: I move:That Dáil Éireann approves the following Order in draft:Exchange of Information Relating to Tax Matters (Argentine Republic) Order 2015,a copy of which was laid before Dáil Éireann on 15th September, 2015. That Dáil Éireann approves the following Order in draft:Double Taxation Relief (Taxes on Income) (Federal Democratic Republic of Ethiopia) Order 2015,a...

Finance (Tax Appeals) Bill 2015: Second Stage (Resumed) (1 Oct 2015)

Michael Noonan: Before the adjournment, I was dealing with the provisions of Part 40A. Among other things, it facilitates a more active case management approach by the Appeal Commissioners. In straightforward cases, they will not be required to hold a hearing but can adjudicate and determine the appeal based on paper submissions, subject to the agreement of the taxpayer to this approach. The Appeal...

An Bille um Fhorbairt Cheathrú 1916, 2015: An Chéad Chéim (1 Oct 2015)

Michael Noonan: No.

Finance (Tax Appeals) Bill 2015: Order for Second Stage (1 Oct 2015)

Michael Noonan: I move: "That Second Stage be taken now."

Finance (Tax Appeals) Bill 2015: Second Stage (1 Oct 2015)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Bill will reform the role, functions and structure of the Office of the Appeal Commissioners and the tax appeals system, and will ensure an enhanced and cost effective appeal mechanism for tax cases, providing transparency and increased certainty for taxpayers. The Appeal Commissioners are responsible for carrying out the statutory...

Written Answers — Department of Finance: Climate Change Policy (1 Oct 2015)

Michael Noonan: At the outset, it has to be noted that the Minister for the Environment, Community and Local Government is, of course, the Minister with lead responsibility, inter alia, for climate change matters. However, as Minister for Finance I have over-riding responsibility to take into account the financial implications of climate change, including Ireland's potential involvement in international...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2015)

Michael Noonan: I am satisfied that the Travel Pass/ Taxsaver works well for the vast majority of employees who wish to avail of it. Nonetheless any such schemes are periodically reviewed. However the Deputy will be aware that it is not the practice of the Minister for Finance to discuss in advance any measures which may be under consideration as part of the Budget and Finance Bill process.

Written Answers — Department of Finance: Departmental Offices (1 Oct 2015)

Michael Noonan: The deployment of resources to its compliance and customer service programmes is a matter for the Revenue Commissioners. I am advised by Revenue that they offer a range of service channels that are adapted and refined to meet the changing demands of taxpayers. The demand for 'walk in' counter services by taxpayers has declined in recent years as high quality self service electronic and...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Applications (1 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that 2,608 properties within the boundaries of Fingal County Council have registered works under the Home Renovation Incentive (HRI) Scheme to date. This figure includes works which have commenced but have not yet been completed, and works which are due to commence. Of these properties within Fingal County Council, works have been completed and paid...

Written Answers — Department of Finance: Budget 2016 (1 Oct 2015)

Michael Noonan: The table below provides a breakdown of the minus c. €340 million in respect of the carryover effect of measures previously introduced or due to expire in 2016, which was taken account off in the calculation of the estimated fiscal space for 2016 of €1.2 - €1.5 billion in the Spring Economic Statement last April. Tax head 2016 Carryover €m Income Tax -192...

Written Answers — Department of Finance: Tax Data (1 Oct 2015)

Michael Noonan: A tax on sugar sweetened drinks may be imposed as either an ad valorem tax, which would be imposed as a percentage of the final retail price (i.e 10%), or a specific duty, which would be imposed as a specific amount per volume of liquid (i.e €7.76 per hectolitre). The Deputy seems to be suggesting an ad valoremtax. There is no official data on the total sales revenue of...

Written Answers — Department of Finance: Tax Reliefs Eligibility (1 Oct 2015)

Michael Noonan: I am assuming that the Deputy's question relates to retirees who were formerly, as employees, members of their employer's sponsored occupational pension scheme. I am advised by the Revenue Commissioners that the legislation governing tax relief for contributions to occupational pension schemes is set out in section 774 of the Taxes Consolidation Act 1997 (TCA 1997). Relief for contributions...

Written Answers — Department of Finance: Tax Data (1 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 63 to 68, inclusive together. Regarding the question as to the cost of equalising the treatment of Pay As You Earn (PAYE) and non-PAYE income earners over €100,000, it is assumed that the Deputy is referring to the current 3% Universal Social Charge (USC) surcharge applicable to self-assessed income over €100,000. I am informed by the Revenue...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (1 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 69 to 74, inclusive, together. The cost of increasing the €150,000 annual investment limit for individuals to €200,000, €250,000 and €500,000 would depend on future investment levels in excess of the existing annual investment level but there is no information available from returns filed with Revenue to predict these levels. It...

Written Answers — Department of Finance: Tax Code (1 Oct 2015)

Michael Noonan: There are gaps in the data available to the Revenue Commissioners which prevent a definitive costing being provided for this proposal. Tax returns data available to the Commissioners do not in all cases clearly distinguish between disposals of business assets and non-business assets. Furthermore, it is not clear from the question what would be considered "entrepreneurial" gains and the...

Written Answers — Department of Finance: Universal Social Charge Application (1 Oct 2015)

Michael Noonan: As the Deputy will be aware, individuals aged over 70 whose income does not exceed €60,000 are liable to a maximum rate of USC of 3.5%. The legislation underpinning this feature of the tax system has no expiry date. Individuals who hold full medical cards and whose income does not exceed €60,000, are also only liable to a maximum rate...