Results 8,181-8,200 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am advised by the Revenue Commissioners that the application for SPCC has been approved in respect of person concerned. The increased tax credit will be reflected in a revised tax credit certificate that will be sent to the person concerned shortly.

Written Answers — Department of Finance: Mortgage Interest Rates (24 Feb 2015)

Michael Noonan: The Deputy may be aware that this is a topic that has been raised through previous parliamentary questions and was subject to lengthy discussions at the most recent meetings of the Joint Committee on Finance, Public Expenditure and Reform with the banks' CEOs.  At the Committee the banks pointed out that in comparing the SVR mortgage margin of Irish banks to other...

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

Michael Noonan: I am informed by the Revenue Commissioners that the Department of Defence make the appropriate deductions of tax, USC and PRSI under the PAYE system on the making of payments to members of the Army and Naval Service Reserve.

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

Michael Noonan: I propose to take Questions Nos. 249 to 253, inclusive, together. Section 195 of the Taxes Consolidation Act 1997 (TCA 1997) empowers the Revenue Commissioners to make a determination that certain artistic works are original and creative works generally recognised as having cultural or artistic merit. The scheme provides that the Revenue Commissioners can make determinations in respect of...

Written Answers — Department of Finance: Departmental Staff (24 Feb 2015)

Michael Noonan: In response to the Deputy's question I am not aware of a proposal to require all public sector workers under the aegis of my Department who interface with service users to wear a name badge.  In the interest of improving customer service standards I am open to consideration of such a proposal. As the Deputy will be aware some bodies under my aegis, have little or no direct contact with...

Written Answers — Department of Defence: Defence Forces Reserve (24 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the Department of Defence makes the appropriate deductions of tax, USC and PRSI under the PAYE system on the making of payments to members of the Army and Naval Service Reserve.

Written Answers — Department of Finance: Insurance Costs (19 Feb 2015)

Michael Noonan: In my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland, as regulator, interfere in the pricing of insurance products. The provision of insurance cover, the price at which it is offered and the expiring of no claims discounts is a commercial...

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

Michael Noonan: The query is with regard to a proposal for an income tax incentive for young farmers starting up farming. In Budget 2015, myself and my colleague Minister Coveney published an Agri-Tax Review, overseen by a working group made up of the Department of Finance, the Department of Agriculture, Food and the Marine, and the Revenue Commissioners. This review examined agri-taxation measures and made...

Written Answers — Department of Finance: VAT Payments (19 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of the EU VAT Directive with which Irish VAT law must comply. The Directive provides that all goods and services are liable to VAT at the standard rate, currently 23% in Ireland, unless there is a provision in the Directive that permits a lower rate. Settled case law of the...

Written Answers — Department of Finance: Tax Data (19 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the PAYE Income Tax and Universal Social Charge (USC) paid in respect of employees in the construction sector, as well as the numbers of employments for such workers, for the period 2008 to 2013 (the latest year for which figures are available), is shown in the Table. It should be noted that an individual PAYE employee may have one or more...

Written Answers — Department of Finance: Mortgage Arrears Proposals (19 Feb 2015)

Michael Noonan: This Government has put in place a number of initiatives to assist homeowners in difficulty. Support and independent professional advice is available for borrowers in serious debt difficulty through the following channels: -Insolvency Service of Ireland () - -Money Advice and Budgeting Service (MABS) Borrowers in difficulty must engage with their lender as early as possible in order to...

Written Answers — Department of Finance: Property Tax Exemptions (19 Feb 2015)

Michael Noonan: I made a commitment to examine the Local Property Tax (LPT) and any impacts on LPT liabilities as a result of property price movements.  In that regard, Dr Don Thornhill has agreed to conduct a review to consider and make recommendations, in the context of property price developments, on what adjustments, if any, might be made to the system to achieve relative...

Written Answers — Department of Finance: Tax Rebates (19 Feb 2015)

Michael Noonan: Relief from DIRT on savings used by first time buyers towards the deposit on a home was introduced from 14 October 2014.  I am advised by the Revenue Commissioners that they are currently developing an online system whereby those who qualify for the relief will be able to claim their refund.  It is envisaged by Revenue that the online system and relevant guidance will be available...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Expenditure (19 Feb 2015)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) is built on the foundation stone that was laid by the Taoiseach and Chancellor Merkel when they agreed that the German promotional bank Kreditanstalt für Wiederaufbau (KfW) would help finance the Irish SME sector when Ireland was exiting the EU/IMF programme in late 2013. I asked my Department and the National...

Written Answers — Department of Finance: Tax Exemptions (19 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the following donations have been made under the provisions of section 1003 of the Taxes Consolidation Act 1997 in the period 2010 to 2013. 2010 3 paintings, painted by Hughie O'Donoghue entitled: "Raft", "Medusa" and "The Narrow Sea" valued at €190,000, resulting in a tax credit of €152,000. 2011 The Seamus Heaney Archive...

Written Answers — Department of Finance: Home Repossession Rate (19 Feb 2015)

Michael Noonan: This Government has put in place a number of initiatives to assist homeowners in difficulty, including reform of Personal Insolvency legislation, the provision of independent advice to those dealing with debt issues and revision of the Code of Conduct on Mortgage Arrears. The Code of Conduct on Mortgage Arrears (CCMA) provides a strong consumer protection framework to ensure that borrowers...

Written Answers — Department of Finance: Income Inequality (19 Feb 2015)

Michael Noonan: I note the report by the Think-Tank for Social Change (TASC) which outlines 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...

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

Michael Noonan: As the Deputy is aware, employees in the PAYE system benefit from a PAYE income tax credit worth €1,650 per annum, to which the self-assessed are not entitled. The PAYE allowance, as it was then, was introduced in 1980 to improve the tax progression of PAYE taxpayers and to take account of the fact that the self-employed generally then had the advantage of paying tax on a preceding...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2015
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (18 Feb 2015)

Michael Noonan: I am pleased to have the opportunity to appear before the select committee today in connection with the 2015 Estimates for my Department and for the offices under the ambit of my Department, including the Revenue Commissioners, the Appeal Commissioners and the Comptroller and Auditor General. I thank the Officers of my Department for their ongoing dedication and commitment as we continue to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2015
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (18 Feb 2015)

Michael Noonan: It is simply the way the days fall. Instead of 26 payment days there will be 27 payment days in 2015.