Results 8,081-8,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Universal Social Charge Yield (4 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the information on receipts for Universal Social Charge (USC) requested by the Deputy is available on Revenue's statistics website at: , under the "Revenue Net Receipts by Taxhead" on an annual basis to 2013. The figures are reproduced in the table below with a provisional figure for 2014 included. Net Receipts 2011 €m 2012 €m...

Written Answers — Department of Finance: Tax Reliefs Cost (4 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed through the tax relief at source (TRS) system for medical insurance premia from 2005 to 2014 are set out in the following table. The estimates do not include costs to the Exchequer of age-related tax relief at source, which was established by the Health Insurance (Miscellaneous Provisions) Act...

Written Answers — Department of Finance: Tax Yield (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' newly enhanced Statistics webpage: .  In relation to the Deputy's question, detailed information on Excise receipts by commodity can be found at The most recent year for which detailed data are available is 2013. Data for 2014 will be published in due course. I am...

Written Answers — Department of Finance: Insurance Compensation Fund (4 Mar 2015)

Michael Noonan: Setanta Insurance Company Limited is a Maltese authorised company subject to prudential supervision by the Malta Financial Services Authority (MFSA). Under EU passporting rules, any insurer which has been authorised in an other EU Member State may trade in Ireland on a freedom of services basis. While Setanta's financial position was not supervised by the Central...

Written Answers — Department of Finance: Tax Collection (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that they will make direct contact with the person concerned to make sure that the information on their records for him is fully up to date and in that context will then be able to clarify for him his position with regard to tax payments.

Written Answers — Department of Finance: Tax Data (4 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is now available on their enhanced statistics webpage at . Information can be found at in relation to the Deputy's question. This data may be accessed under the heading "Income Tax and Corporation Tax Distribution Statistics", where table RVA01 shows gross income by range and by category of taxpayer...

Written Answers — Department of Finance: IBRC Operations (4 Mar 2015)

Michael Noonan: The Relationship Framework and Operational Protocol dated 29th March 2012 between the Minister for Finance and Irish Bank Resolution Corporation (IBRC), referred to in my answer to Parliamentary Question No. 30 of 4th February 2015, came into effect after the sale of the company referred to in the question.   A previous Relationship Framework dated 8th July 2009 was...

Written Answers — Department of Finance: Tax Forms (4 Mar 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that the income included on the P60 relates to the pension payable to the individual concerned. Revenue has made contact with the person concerned and has clarified the matter with him to his satisfaction.

Written Answers — Department of Finance: Appointments to State Boards (4 Mar 2015)

Michael Noonan: In answer to the Deputy's question I have been advised that there have been no senior civil servants appointed to any State Boards under the aegis of my Deparment during the period in question.

Written Answers — Department of Finance: Illicit Trade in Tobacco (3 Mar 2015)

Michael Noonan: The regulation of the retail sale of cigarettes is a matter for my colleague, the Minister for Health. However, the supply and sale of cigarettes which have not been duty paid is banned under tobacco products tax law. All cigarettes that are intended for delivery, sale and consumption in the State must have the appropriate tax stamp affixed to the pack by the manufacturer to show that the...

Written Answers — Department of Finance: Tax Avoidance Issues (3 Mar 2015)

Michael Noonan: The penalties for smuggling an excisable product are laid down in section 119 of the Finance Act 2001 and were increased substantially in the Finance Act 2010. On conviction following summary prosecution, a court may impose a fine of €5,000; the court may also impose a term of imprisonment not exceeding 12 months, instead of, or in addition to, the fine. For convictions following...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (3 Mar 2015)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) launched its initial product programme on 19 February 2015.  The SBCI has secured funding of €800m to fund its first loans that will be lower cost and longer term for both working capital and investment.  The minimum duration of loans is two years and the maximum duration ten years.  The SBCI is seeking to support...

Written Answers — Department of Finance: Mortgage Schemes (3 Mar 2015)

Michael Noonan: Construction 2020 committed the Government to examining the concept of a mortgage insurance scheme, to ensure sustainable levels of mortgage lending in the medium term. In October I wrote to the Oireachtas Committee on Finance, Public Expenditure and Reform requesting that the committee consider the matter of mortgage insurance in an Irish context and, drawing on the experiences of other...

Written Answers — Department of Finance: Tax Collection (3 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated Pay Related Social Insurance (PRSI) liabilities, as returned to Revenue by employers, for proprietary company directors from 2005 to 2013 (the most recent year for which data are available) are as shown in the table. Year Estimated PRSI Liability €M 2005 196 2006 240 2007 255 2008 250 2009 238 ...

Written Answers — Department of Finance: Tax Yield (3 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that their obligation to observe confidentiality of taxpayers' information, and the small group of taxpayers encompassed by the question, precludes them from providing the information requested.

Written Answers — Department of Finance: Financial Services Regulation (3 Mar 2015)

Michael Noonan: I have been informed by the Central Bank that the company to which the Deputy refers is not regulated by it. The Central Bank Act 1997 contains a number of exclusions from the requirement to be authorised by the Central Bank and firms that meet the relevant criteria can avail of such exclusions. Separately, this Act also contains a number of exemptions from the requirement to be...

Written Answers — Department of Finance: Public Sector Staff (3 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the temporary staff in question were recruited to carry out work associated with the introduction of Local Property Tax (LPT) and also for the Household Charge Arrears project. The task of introducing this new tax (LPT), the largest extension of the self-assessment system in the history of the State, posed major administrative challenges....

Written Answers — Department of Finance: VAT Rate Reductions (3 Mar 2015)

Michael Noonan: Bottled water is subject to the standard VAT rate.  The standard rate is the VAT rate applied to bottled water in the majority of EU Member States.  Prior to 1992 bottled waters and fruit juices had applied at the zero rate, but were made subject to the standard rate from 1 November 1992 in order to correct a competitive anomaly, as similar competing products such as soft drinks...

Written Answers — Department of Finance: Tax Code (3 Mar 2015)

Michael Noonan: Nicotine products, such as nicotine inhalers, tablets and chewing gum, which are categorised as oral medicines and are licensed by the Irish Medicines Board, are charged to VAT at the zero-rate.  Nicotine replacement patches and electronic cigarettes, however, do not fall into this category of oral medicines and are therefore subject to the standard 23% rate of VAT.  I have no...

Written Answers — Department of Finance: Financial Services Regulation (3 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 190 and 191 together. I have been informed that officials in my Department have met with representatives of the company (details supplied) in total on four occasions. On three of these occasions the meetings were between Department of Finance officials and representatives of the company (details supplied). On a fourth...