Results 8,901-8,920 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: The VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply.  Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate of 23%. Parts or accessories and training are also liable to VAT at the standard rate. There is no provision in the EU VAT Directive that would make it possible to...

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply. EPI pens, which provide injectable medicine, are subject to the standard rate of VAT rate of 23%.  While Ireland is permitted to continue to apply a zero-rate to oral medicines it may not apply a zero rate to...

Written Answers — Department of Finance: National Payments Plan Implementation (17 Dec 2014)

Michael Noonan: While the Government does not plan to abolish the use of personal cheques, the National Payments Plan which I launched in April 2013 aims to reduce the overall reliance on cash and cheques and facilitate a movement to more efficient forms of electronic payments.  The Plan analysed the extent of usage of personal cheques and recognised that  elements of Irish society, such as the...

Written Answers — Department of Finance: Credit Unions (17 Dec 2014)

Michael Noonan: While the Government is absolutely determined to support a strengthened and growing credit union movement and has highlighted its support for the return of credit union services to Newbridge, 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. In line with the Credit Union...

Written Answers — Department of Finance: VAT Exemptions (17 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. While we can maintain the zero rating on those goods and services which were zero-rated before 1 January 1991, the goods and services referred to by the Deputy do not fall within this category. Similarly, Member States may...

Written Answers — Department of Finance: Universal Social Charge Exemptions (17 Dec 2014)

Michael Noonan: A UK pension that is similar to a social welfare pension in this State is not liable to USC. Other than such pensions, however, Irish resident individuals are liable to pay tax, including universal social charge (USC), on income arising from Irish and foreign sources, including occupational pensions. Individuals aged 70 years or over, whose aggregate income for the year is €60,000 or...

Written Answers — Department of Finance: Fuel Laundering (17 Dec 2014)

Michael Noonan: I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that they are very aware of the risks posed to consumers' vehicles, legitimate businesses and the exchequer by all forms of such fraud. Revenue has, over the recent past, received reports from a variety of locations around the country of problems relating to petrol quality, and suggestions that these...

Written Answers — Department of Finance: IBRC Liquidation (17 Dec 2014)

Michael Noonan: With regards to the information requested on those transactions that have taken place both prior and since the appointment of the Special Liquidators, I am advised that this information is considered commercially sensitive and therefore will not be releasing the information. However, the Special Liquidators prepared a progress report in June of this year which includes details in...

Written Answers — Department of Finance: Ministerial Correspondence (16 Dec 2014)

Michael Noonan: At the outset I should say that the Government has introduced a comprehensive Strategy to address the problem of mortgage arrears based on recommendations stemming from the Interdepartmental working group on Mortgage arrears (The Keane Report) encompassing the following 1.personal insolvency reform, 2.the introduction of an advice and guidance service for those experiencing...

Written Answers — Department of Finance: Tobacco Smuggling (16 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 186 to 188, inclusive, and 199 to 201, inclusive, together. I am advised by the Revenue Commissioners that the quantities of illicit cigarettes and other tobacco products seized in each of the years 2009 to 2013 and in 2014 to the end of October, and the estimated retail value of those products, are set out in the following table. - Cigarettes - - Tobacco...

Written Answers — Department of Finance: Electric Vehicle Grants (16 Dec 2014)

Michael Noonan: I am informed by the Revenue Commissioners that electricity powered vehicles can refer to electric vehicles, hybrid electric vehicles and plug-in hybrid electric vehicles. The table below schedules the number of registrations of these categories by county for each of the years 2010 to the end of November 2014. County 2010 2011 2012 2013 To end November 2014 Cork Electric 11 7 16 7 29...

Written Answers — Department of Finance: Seed Capital Scheme (16 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 190, 192 and 194 together. The overall costs of the various schemes requested by the Deputy are published on the Revenue Commissioners Statistics webpage at , under the files headed "Costs of Credits, Allowances and Reliefs". Costs are published up to tax year 2012 (the most recent currently available) and will be updated in due course. In relation to...

Written Answers — Department of Finance: Tax Exemptions (16 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 191 and 193 together. I am informed by the Revenue Commissioners that the overall costs of the various schemes requested by the Deputy are published on the Commissioners' Statistics webpage at  , under the files headed "Costs of Credits, Allowances and Reliefs". Costs are published up to tax year 2012 (the most recent currently available) and will be...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 Dec 2014)

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, repayment of excise duty on fuel, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: Economic Data (16 Dec 2014)

Michael Noonan: The Government's principal strategy in recent years has been to put the public finances on a stable footing as a precondition to the continuation of economic growth. Estimates of economic activity for the third quarter of this year saw GDP growing by 0.1 per cent over the quarter and by 3.5 per cent year-on-year. Although this represents a slowdown on the exceptionally strong first half of...

Written Answers — Department of Finance: Economic Data (16 Dec 2014)

Michael Noonan: Based on data supplied to my Department by the CSO, gross national product (GNP) per hour worked in the Irish economy amounted to €43.18 in 2013. These data are for total employment, including both employees and the self-employed. Full-year data for 2014 will be available next year. A table for this series going back to 1998 is included for completeness follows: Year GNP Per...

Written Answers — Department of Finance: IBRC Liquidation (16 Dec 2014)

Michael Noonan: Under Section 13 (1) of the Irish Bank Resolution Corporation Act 2013 I, as Minister for Finance, have certain limited powers of direction which can be exercised, namely: - (a) to bid for such bank assets of IBRC and to acquire from IBRC, acting through a special liquidator, such bank assets of IBRC on such terms and conditions (including the consideration), as are specified in the...

Written Answers — Department of Finance: IBRC Liquidation (16 Dec 2014)

Michael Noonan: I am advised by the Special Liquidators that they are not obliged to produce a statement of affairs. However, under Section 306 of the Companies Act, the Special Liquidators are required to send to the registrar of companies a statement containing the prescribed particulars about the proceedings in and position of the liquidation of IBRC after 2 years from the date IBRC...

Written Answers — Department of Finance: Universal Social Charge Yield (16 Dec 2014)

Michael Noonan: The data requested by the Deputy regarding the USC is set out in the following table. It is important to take into account that the figures displayed for 2011, 2012 and 2013 in the table are based on end-year outturns and are on a Revenue Net Receipts basis. These can differ slightly from Exchequer Receipts for reasons of accounting and timing. The estimates and projected percentages for...

Written Answers — Department of Finance: EU Issues (16 Dec 2014)

Michael Noonan: I propose to take Questions Nos. 204 and 207 together. The report on the European Investment Bank/Commission/Member State Task Force on investment in the EU, which includes the proposals submitted by the Department of Finance, can be found on the following website - The project list was compiled on a best efforts basis under an extremely demanding timeline and was not approved/analysed by...