Results 7,341-7,360 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Tax Yield (19 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that statistics regarding Local Property Tax (LPT) net receipts, compliance rates and other information are available on the Revenue website at .Updates to these statistics will be published in due course but at present information on the amount collected or compliance rates by valuation band are not presently available. These statistics include the...

Written Answers — Department of Finance: Tax Code (19 May 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the legislation governing the operation of Deposit Interest Retention Tax (DIRT) is set out in Chapters 4 and 5 of Part 8 of the Taxes Consolidation Act 1997 (the Act). Under Section 257 of the Act all deposit takers are obliged to deduct Deposit Interest Retention Tax (DIRT) from payments of interest made to an account unless the account...

Written Answers — Department of Finance: Repatriation of Money (19 May 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the taxation arrangements concerning sums of money brought into Ireland by Irish emigrants returning from Dubai will vary, depending on the facts and circumstances of each case. Where an individual accumulates a sum of money from income earned while working in Dubai over a number of years, during which time the individual was not tax resident in...

Written Answers — Department of Finance: Tax Code (19 May 2015)

Michael Noonan: It is not clear from the question what excessive charges and taxes the Deputy is referring to. However, in relation to the taxation of rental income, I am informed by the Revenue Commissioners that rental income for tax purposes is the gross rental income less allowable expenses incurred in earning that rent, as specified in section 97(2) of the Taxes Consolidation Act 1997. The main...

Written Answers — Department of Finance: Farm Enterprises (14 May 2015)

Michael Noonan: I am conscience of the importance of encouraging the availability of land to younger farmers, and this is an issue which was given great emphasis during last year's Agri-Taxation Review. A number of policies have been enacted or modified for this purpose in recent years, several of them emerging out of the Agri-Taxation Review. Included among these are the following: Capital Gains Tax Farm...

Written Answers — Department of Finance: Consultancy Contracts Data (14 May 2015)

Michael Noonan: The information requested by the Deputy is contained in the table below and is taken from the information already published on my Department's website.  The nature of my Department's work is such that, from time to time, reliance on specialist advice is the optimal route. In using such consultancies, my Department seeks not only to obtain value for money, but to target the best...

Written Answers — Department of Finance: Consultancy Contracts Data (14 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the details sought by the Deputy are set out in the following tables. Where the work was undertaken on a "per person per day" basis, details of the number of persons engaged are set out in the table. Information regarding the number of persons engaged is not available where companies were engaged to deliver a specific body of work or project....

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)

Michael Noonan: As the Deputy is aware, 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, assistance with fuel costs, and an exemption from Motor Tax. Prior to the enactment of the Finance Act 2014 it was a...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)

Michael Noonan: The legislation governing the Drivers and Passengers with Disabilities Scheme is contained in Section 92 of the Finance Act 1989 (as amended), Section 134(3) of the Finance Act 1992 (as amended) and the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994).  Full details of the Scheme, including the legislative criteria which must be met,...

Written Answers — Department of Finance: Milk Quota (14 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that payments made by dairy farmers in respect of milk quota super levy (under SI 227 of 2008, as amended and Council Regulation EC 1234/2007, as amended) are an expense of the trade and as such are tax deductible. In respect of the 2015 super levy, a regulation has been introduced whereby farmers who are facing a super levy liability will be able...

Written Answers — Department of Finance: Liquor Licensing Laws (14 May 2015)

Michael Noonan: The Licensing Acts 1833 to 2010, together with the Finance (1909-10) Act 1910, provide the regulatory framework for liquor licences, including the licences relevant to the sale of wine. Under these provisions, wine can be sold for personal consumption only by a person who holds a publican's licence, a wine retailer's on-licence, a special restaurant licence, or a wine retailer's off-licence....

Written Answers — Department of Finance: VAT Rate Reductions (14 May 2015)

Michael Noonan: Annex III of the EU VAT Directive allows Member States to apply a reduced rate to the construction, repair and renovation of housing but not to non-residential construction. While most Member states apply the standard rate to construction services, Ireland has historically applied the 13.5% reduced rate of VAT to all construction services under a derogation from the EU VAT Directive. ...

Written Answers — Department of Finance: Stock Exchange (14 May 2015)

Michael Noonan: Notwithstanding media reports on this matter last week, the Irish Stock Exchange investigates suspicious share trading activity including suspected insider dealing on the Enterprise Stock Market, being the market on which Siteserv shares traded, and reports any such findings to the Office of Director of Corporate Enforcement. The Department of Finance does not have a role in this process.

Written Answers — Department of Finance: VAT Rate Application (14 May 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that VAT applies to the services of all insolvency practitioners including the activities carried out by liquidators, receivers, examiners and Personal Insolvency Practitioners (PIPs) involved in the Debt Settlement Arrangements and Personal Insolvency Arrangements as provided for in the Personal Insolvency Act 2012.  The Revenue...

Written Answers — Department of Finance: Banking Sector (14 May 2015)

Michael Noonan: In early 2011, as part of the agreement with the External Partners, the Central Bank commissioned a detailed evaluation of the possible loan losses that would be incurred by banks in a severe stress scenario. All the loan books were examined, including the residential mortgage books in Ireland and the UK. The results of this work were key inputs into the capital requirements...

Customs Bill 2014: Report and Final Stages (13 May 2015)

Michael Noonan: I move amendment No. 1:In page 37, line 26, to delete “Commissioners” and substitute “Minister”.The Customs Bill 2014 was published on 3 October 2014. The purpose of the Bill is to consolidate, revise and modernise Ireland's existing national customs legislation, some of which dates back to the Customs Consolidation Act 1876. The Bill can thus be seen as another...

Customs Bill 2014: Order for Report Stage (13 May 2015)

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

Written Answers — Department of Finance: Living City Initiative (13 May 2015)

Michael Noonan: The Deputy will be aware that the Living City Initiative, which was announced in Finance Act 2013, has been extended to now include the cities of Dublin, Cork, Galway and Kilkenny as well the original target cities of Limerick and Waterford. The inclusion of these four cities within the Initiative followed the results of a thorough independent ex ante cost benefit analysis. ...

Written Answers — Department of Finance: Vehicle Registration (13 May 2015)

Michael Noonan: I am advised by the Revenue Commissioners that section 135D(1) of the Finance Act 1992 provides for a number of verification checks that must be carried out on a vehicle prior to its exportation.  One of these checks is a physical examination to ensure that the vehicle is that which is declared for export and is generally in working order.  The examination is neither equivalent...

Written Answers — Department of Finance: Mortgage Arrears Proposals (13 May 2015)

Michael Noonan: I am informed by the Central Bank that some 114,674 principal dwelling home (PDH) mortgage accounts were classified as restructured at end-December.  Of these restructured accounts, 97,449 accounts (84.9%) were deemed to be meeting the terms of their current restructure arrangement. This means that the borrower is, at a minimum, meeting the agreed monthly repayments...