Results 9,241-9,260 of 27,019 for speaker:Michael Noonan
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I thought the Deputy said last week that it was not a tax.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I never negotiate with Revenue. That would be improper.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: There have been several days out in court. Sometimes, Revenue wins. Sometimes, it loses. There is no reluctance to proceed in court. The cases do not often get highlighted in the media.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: Some 8% per annum.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: It was 20%, but is being increased to 30%.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: My understanding is that it has discretion up to a certain point in the process.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: Under the scheme set out in the Act, there is a graduated range of penalties that depends on the seriousness of the transgression. There are also differences between people who disclose voluntarily and those who are discovered by Revenue's audits.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: Revenue has a code of practice for dealing with penalties and interest rates and allows for discretion within that code. We can get the Deputy a copy of it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: It is on the website.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: Neither Revenue nor the Department of Finance is involved in the second home tax. That is a matter for the Department of the Environment, Community and Local Government. It took the proceedings, not the Department of Finance or Revenue.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: Revenue is collecting the household charge, not the NPPR.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I will check now. My advice is that while it is difficult to arrive at a precise number, we are discussing a figure in the hundreds rather than the thousands. The table I have before me is not particularly clear and may be deceptive, but it probably gives the Deputy a flavour. The overall number of protective notifications received is 518. The overall number of protective notices under...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: There is a middle ground. It is not as the Deputy states. The Revenue Commissioners advise us to take the middle ground. Moving the proposal to delete the settlement incentive for older tax avoidance cases is the issue. The Minister of State at the Department of Finance, Deputy Harris, made clear during the Second Stage debate that the Revenue Commissioners are challenging a significant...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: A total of 80% of the penalty interest due on the tax outstanding must be paid, as well as the tax. The tax must be paid in full and 80% of the interest. Only 20% does not have to be paid. It is strictly time measured. The purpose of it is to enable the Revenue Commissioners to take a proceeding successfully against people for tax evasion through tax avoidance measures.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: The Deputy is missing the point that tax avoidance is not illegal. These people are involved in tax avoidance schemes. They are not involved in tax evasion schemes. In several cases the Revenue Commissioners have challenged the legality of tax avoidance schemes. The people involved in the tax avoidance schemes are prepared to take the Revenue Commissioners to court to prove that the tax...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: The surcharge issue as an incentive has not worked. That is why the people who, in the opinion of the Revenue Commissioners, are involved in tax avoidance schemes are prepared to go the whole way to the Supreme Court. It is a doubtful proposition that doubling the surcharge would be an added incentive. Much of the time these people are playing for time. They get a lot of time if they go...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: For the 2010 domicile levy year, 85 cases were examined for a potential liability. Of these, 30 remain open. For the 2011 domicile levy year, 86 cases were examined for a possible liability, of which 36 remain open. For the 2012 domicile levy year, 86 cases were examined for a potential liability, of which 27 are still open. Cases that are open in respect of any year are subject to...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I move amendment No. 87: In page 93, line 34, to delete “that” and substitute “a”. Section 79 of the Bill introduces a new section, 811C, to the Taxes Consolidation Act, 1997. The purpose of subsection (5) of the new section is to make it clear that the Revenue Commissioners can challenge a transaction, both under the general anti-avoidance legislation contained...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I move amendment No. 88: In page 94, line 37, to delete "the transaction was not" and subsitute the following: “by the specified return date, within the meaning of Part 41A, for a return referred to in section 817HA(3), the transaction was not”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2014: Committee Stage (Resumed) (19 Nov 2014)
Michael Noonan: I move amendment No. 89: In page 95, line 32, after “transaction,” to insert “and”.