Results 1,041-1,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Capital Allowances (23 Feb 2017)

Michael Noonan: I am advised by Revenue that the "Living over the Shop" scheme was one of a suite of capital allowances schemes which have now terminated and, in relation to this particular scheme, relief is not available for any capital expenditure incurred after 31 July 2008. The scheme only applied in the five cities of Dublin, Cork, Galway, Waterford and Limerick and therefore did not have application in...

Written Answers — Department of Finance: Revenue Documents (23 Feb 2017)

Michael Noonan: I am advised by Revenue that taxpayers are encouraged to self-manage their tax affairs using the suite of online facilities provided by Revenue. This includes the submission of health expenses claims (Med 1 form), using the online facilities as the quickest, most secure and most efficient way to get a refund of tax to which the taxpayer may be entitled. I am aware that Revenue has made and...

Written Answers — Department of Finance: Departmental Records (23 Feb 2017)

Michael Noonan: My Department has its own offsite file storage facility in a business park in Finglas Dublin 11. As well as managing its own files, the Department provides file management services to the Department of Public Expenditure and Reform.  Files that are 20 years or older, in addition to files that are due to be archived, are stored in the Department's off-site storage facility. Files...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 123 to 125, inclusive, together. I am advised by the Revenue Commissioners that the Revenue Statistics webpage contains detailed information on Capital Acquisitions Tax (CAT) and other taxes. A breakdown of CAT net receipts for 2011 to 2015, including inheritance tax, is shown at:. The estimated yield from inheritance tax for 2016 is €385 million. In...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 126 to 128, inclusive, together. I am informed by Revenue that the yield from the Carbon Tax on each product in each year 2013 to 2015 is published on the Revenue website at the following link: . The revenue raised on each product for 2016 is provided in the following table. Please note that the yield for 2016 is provisional and may be subject to revision. ...

Written Answers — Department of Finance: Tax Reliefs Data (23 Feb 2017)

Michael Noonan: I am advised by the Revenue Commissioners that the number of mortgage accounts in receipt of tax relief at source in respect of mortgage interest in each year from 2012 to 2016, is as set out in the following table. Year Number of Mortgage Accounts 2012 355,400 2013 351,200 2014 331,200 2015 310,400 2016* 297,800* *Estimated Estimates for 2017 are tentative because they depend on...

Written Answers — Department of Finance: Tax Credits (23 Feb 2017)

Michael Noonan: I am informed by the Revenue Commissioners that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2014 is as follows:  Year R&D Tax Credit €'m Number of Claims 2012 281.9 1,543 2013 421.4 1,576 2014 553.3 1,570 The tax cost for 2015 has not yet been finalised as returns are currently...

Written Answers — Department of Finance: General Government Debt (23 Feb 2017)

Michael Noonan: General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. The National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National Debt is the principal component of...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I am advised by Revenue that the total Corporation Tax, Value Added Tax (VAT) and PAYE Income Tax & Universal Social Charge payments by businesses in the aircraft leasing industry for the years requested are as shown in the following table. Information in respect of Customs Duty and Stamp Duty paid by aircraft leasing companies is not readily available. I am informed that the figures...

Written Answers — Department of Finance: Tax Code (23 Feb 2017)

Michael Noonan: The following taxation provisions are due to expire at the end of 2017. However, in the case of Item 7 the expiry date might, in the circumstances described below, be before the end of 2017. Item Legislative Provision Brief Description 1 Section 244 Taxes Consolidation Act (TCA) 1997 This section provides for tax relief in respect of interest paid on qualifying home loans. In general, it...

Written Answers — Department of Finance: Revenue Commissioners Audits (23 Feb 2017)

Michael Noonan: I believe the Deputy is referring to Revenue's National Contractors' Project, which started in July 2013. In the period 1 July 2013 to date, 746 audits of contracting companies and a further 547 audits of directors of those companies have been concluded. Additional tax, interest and penalties of €18.6 million has been collected. 61 cases remain under audit.

Written Answers — Department of Finance: Public Interest Directors (23 Feb 2017)

Michael Noonan: As the deputy will be aware, in the Programme for a Partnership Government ('PPG') the Government has committed to, "Cease to appoint new Public Interest Directors to the banks, and reform the procedures for the appointment of bank directors by the State, with a view to increasing transparency in the process". Given these commitments  I do not have any plans to review the role of Public...

Written Answers — Department of Finance: Banking Sector Regulation (23 Feb 2017)

Michael Noonan: The decision to pay dividends to ordinary shareholders is a matter for the board of each bank having considered, inter alia, their regulatory responsibilities. As regards the role of DG Competition in the European Commission, the payment of ordinary dividends is recognised and understood as a key mechanism by which State aid can be repaid and their consent is...

Written Answers — Department of Finance: Living City Initiative (23 Feb 2017)

Michael Noonan: I am advised by Revenue that, in relation to the Living City Initiative, applications are only required to be made to the relevant local authority under the residential element of the scheme. Applications are not required to be made under the commercial element of the scheme. Additionally, Revenue does not compile statistics in relation to unsuccessful residential applications. Based on...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I am advised by Revenue that interest charged and collected as part of its compliance intervention programmes is as set out in the following table: Interest Charged - 2012 2013 2014 2015 2016 PAYE €6.13m €12.74m €15.28m €19.29m €16.54m PRSI €1.10m €2.13m €2.24m €2.48m €4.39m VAT €18.90m €19.64m...

Written Answers — Department of Finance: Prize Bonds (23 Feb 2017)

Michael Noonan: I am informed by the National Treasury Management Agency (NTMA) that the value of prizes in respect of prize bonds, and these prizes as a percentage of total prize bonds outstanding at year-end, for each of the last five years, are as set out in the following table. The Prize Bond Company has provided this data to the NTMA. The table also shows the actual rates applicable each year, as this...

Written Answers — Department of Finance: State Banking Sector (23 Feb 2017)

Michael Noonan: As the deputy is aware the State has a shareholding of 99.9% in AIB. This shareholding is a very valuable asset to the State and it is the Government's intention that the State will exit this investment in a measured and careful manner. In recent years to assist us in our work to recover the taxpayers' investment in the bank we appointed a number of advisors namely Goldman...

Written Answers — Department of Finance: Revenue Commissioners Investigations (23 Feb 2017)

Michael Noonan: I am advised by Revenue that the programme of compliance interventions in relation to the tax affairs of medical consultants is continuing.  As I indicated in replies to previous questions on this matter from the Deputy in 2016, Revenue's focus continues to be on the  tax issues arising from the incorporation of medical consultants' businesses. I am advised by Revenue that, as...

Written Answers — Department of Finance: IBRC Liquidation (23 Feb 2017)

Michael Noonan: An interim dividend of 25% was paid to all admitted unsecured creditors of the liquidation of IBRC, including the State, in December 2016. The amount paid out to date by the Special Liquidators to admitted unsecured creditors of the liquidation is c. €290m. As previously advised in the IBRC Progress Update Report of May 2016, it is the expectation of the Special...

Written Answers — Department of Finance: Customs and Excise Protocols (23 Feb 2017)

Michael Noonan: The free movement of goods is a fundamental freedom of the internal market of the European Union.  This in effect ensures that goods can move freely across borders.  However, certain restrictions are in place in relation to the import from Northern Ireland of mineral oils for vehicles and household use. These restrictions arise from the European Union excise regime...