Results 8,161-8,180 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Company Registration (24 Feb 2015)

Michael Noonan: Responsibility for the registration of Irish companies rests with the Department of Jobs, Enterprise and Innovation.  I am advised by that Department that they do not have a list of all the multi-nationals that are have headquarters here and cannot provide this information as the Companies Registration Office ('CRO') have no means to identify a multi-national company.  The CRO can...

Written Answers — Department of Finance: Budget Consultation Process (24 Feb 2015)

Michael Noonan: There have been significant changes in the budget process over recent years as a result of the "Two Pack" and other reforms to the Stability and Growth Pact. These changes included moving the Budget date to October in coordination with other EU Member States. The Government is always considering initiatives that would improve the budgetary process, particularly in relation to...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 Feb 2015)

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, assistance with fuel costs, and an exemption from Motor Tax. In respect of drivers with disabilities, Regulation 8(1)(d) of the Disabled...

Written Answers — Department of Finance: Tax Collection (24 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that debt collection/enforcement action, including referral to the Sheriff, is normally only deployed in circumstances where there is no meaningful engagement by the taxpayer or business to agree mutually acceptable payment arrangements. The Commissioners have also assured me that they continue to be very conscious of the current economic climate...

Written Answers — Department of Finance: Credit Unions (24 Feb 2015)

Michael Noonan: While the Government is absolutely determined to support a strengthened and growing credit union movement, my role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. Credit unions exist to attain the economic and social goals of their members and it is a matter for...

Written Answers — Department of Finance: Property Tax Exemptions (24 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that while there is no specific exemption from Local Property Tax (LPT) for a household where high level care is provided, a residential property occupied by an individual who is disabled may qualify for a reduction in the market value of the property for LPT purposes.  Additionally, where a residential property is occupied by an individual who...

Written Answers — Department of Finance: Tax Code (24 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that where a parent gives money to a child to assist with mortgage repayments, it is a gift for capital acquisitions tax purposes. In this regard, it is no different to money gifted to a child towards a deposit on a house. Accordingly, the to which the Deputy refers (Guide to the CAT treatment of receipts by children from their parents for their...

Written Answers — Department of Finance: Fuel Laundering (24 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 230 and 231 together. I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that they are very aware of the risks posed to consumer's vehicles, legitimate businesses and the Exchequer by all forms of fuel fraud. Revenue has, since last summer, received reports from a variety of locations around the country of problems...

Written Answers — Department of Finance: Financial Services Regulation (24 Feb 2015)

Michael Noonan: I understand that the Deputy is referring to the case of Custom House Capital (CHC) which is now in liquidation. The Central Bank's investigation into CHC and persons concerned in its management has been on-going since the publication of the Final Report to the High Court by Court Appointed Inspectors dated 19 October 2011.  Upon presentation of the Final Inspectors' Report to the...

Written Answers — Department of Finance: Tax Credits (24 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that following contact with them by the person concerned in January 2012, his tax credits were increased in the light of the information he provided and which information he was to have confirmed in writing by the Department of Social Protection (DSP).  He failed to subsequently provide this written confirmation. In February 2015, following...

Written Answers — Department of Finance: Income Inequality (24 Feb 2015)

Michael Noonan: I note the report by the Think-Tank for Social Change (TASC) and their views on inequality in Ireland.  While inequality is an important issue, not just for Ireland but globally, the Deputy should be aware that the TASC report identifies high levels of inequality in respect of market incomes. When inequality in Ireland is looked at in terms of disposable income,...

Written Answers — Department of Finance: Banking Operations (24 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 235 to 237, inclusive, together. It is the responsibility of the banks to ensure the efficient running of the ATM network and for ensuring that ATMs are sufficiently maintained and have adequate levels of cash in them. In regard to Question No. 237, ref. 7959, the National Payments Plan,...

Written Answers — Department of Finance: Revenue Commissioners Resources (24 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that Revenue currently has three mobile scanner systems. Two of these are mobile x-ray container scanning systems that are based at Dublin Port and Rosslare Ferry Port respectively. Both of these scanners are available for deployment at other ports, and at other locations such as warehouses, as required, and Revenue uses them, on the basis of risk...

Written Answers — Department of Finance: Tax Rebates (24 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that they are statutorily debarred from making repayments of tax outside of the four year period from the end of the tax year in respect of which the tax was paid, other than in very specific circumstances (for example, where there is a factual error in a tax computation). Equally, Revenue can not seek payment of tax from a taxpayer outside of...

Written Answers — Department of Finance: Revenue Commissioners Investigations (24 Feb 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that in the light of the information available to them and the information now provided they will make contact with the person concerned to clarify the position.

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (24 Feb 2015)

Michael Noonan: The Deputy will already be aware that the assets of the National Pensions Reserve Fund (NPRF) became assets of the Ireland Strategic Investment Fund (ISIF) on 22 December 2014, except for assets governed by foreign law which remain NPRF assets until their transfer. The ISIF will be used to make commercial investments that support economic activity and employment in Ireland....

Written Answers — Department of Finance: Fuel Laundering (24 Feb 2015)

Michael Noonan: The Deputy will appreciate that it is inherently difficult to estimate the scale of any illegal activity or the impact of that activity on the Exchequer. The Revenue Commissioners advise me that, while there is no reliable estimate of the extent of illegal activity in the fuel sector, they recognise that fuel fraud, including the laundering of markers from rebated fuel, is a significant...

Written Answers — Department of Finance: Fuel Rebate Scheme (24 Feb 2015)

Michael Noonan: I introduced this scheme in the Finance Act 2013 in order to provide for a repayment to qualifying road haulage and bus operators of a part of the mineral oil tax paid on their purchases of auto-diesel for use in the course of business. In order to address the risk of widespread abuse of the scheme, provision was made for certain restrictions on the means by which the auto-diesel concerned...

Written Answers — Department of Finance: Fiscal Policy (24 Feb 2015)

Michael Noonan: My officials are in regular engagement with the Commission on the interpretation and implementation of fiscal rules, including through the Output Gap Working Group and the Alternates sub-committee of the Economic & Financial Committee. The Expenditure Benchmark will formally apply to Ireland once we enter the preventive arm of the Stability & Growth Pact. In terms of the...

Written Answers — Department of Finance: Stability and Growth Pact (24 Feb 2015)

Michael Noonan: After Ireland corrects its EDP in 2015, it will enter the preventive arm of the Stability & Growth Pact from 2016 onwards. This will mean that Ireland will be subject to a series of fiscal rules, including the achievement of our Medium Term Objective (MTO) through the annual improvement in the structural balance and the Expenditure Benchmark. In developing Budget 2016, Ireland will...