Results 11,641-11,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank of Ireland Investigations (6 May 2014)

Michael Noonan: I am not privy to complaints made by employees of the Central Bank to the Garda Síochána. Furthermore I have no responsibility in any subsequent follow-up to any such complaints. In this regard, the DPP is entirely independent in carrying out her functions.

Written Answers — Department of Finance: Property Taxation Collection (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to LPT and made Revenue responsible for the collection of any arrears. Any outstanding HHC liability was increased to €200 and was included as part of the LPT liability for the property. Revenue received...

Written Answers — Department of Finance: Revenue Documents Issuance (6 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the stamp certificate issued by post on the 12 December 2013 to the solicitor of the person in question. Should the person in question require further clarification he may contact Mr Michael O'Hanlon, Dublin Stamping District, Dublin Castle, Dublin 2, telephone 01 8589393.

Written Answers — Department of Finance: Pensions Levy Issues (6 May 2014)

Michael Noonan: I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 will be abolished from 31 December 2014. I introduced an additional levy at 0.15% which, as I also stated in the Budget speech, would apply within the existing legal framework to pension fund assets in 2014 and 2015. This was done to, among other things,...

Written Answers — Department of Finance: Property Taxation Assessments (6 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that as Local Property Tax (LPT) is a self-assessed tax it was a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property on 1 May 2013. In order to avoid incurring interest or penalty charges, individuals were required by 2 April 2014, to have filed an LPT 1 return in respect of their...

Written Answers — Department of Finance: Property Taxation Collection (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to LPT and made Revenue responsible for the collection of any arrears. Any outstanding HHC liability was increased to €200 and was included as part of the LPT liability for the property. Revenue received...

Written Answers — Department of Finance: Revenue Commissioners Resources (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that that they currently have 14 detector dog teams, each consisting of a detector dog and its handler, at their disposal. These teams are deployed at strategic locations throughout the country and are used in the detection of drugs, tobacco and cash. While the teams operate primarily in their regions of assignment, they are also available for...

Written Answers — Department of Finance: House Purchase Schemes (6 May 2014)

Michael Noonan: As the Deputy can appreciate, it is not the Minister's role to comment on individual cases.  It is a commercial decision for a credit institution to determine the suitability of a borrower. Mortgage lending decisions must be undertaken on a sustainable and prudential basis by financial institutions and conform fully to the regulatory requirements, both in relation to the financial...

Written Answers — Department of Finance: Tax Code (6 May 2014)

Michael Noonan: Officials in my Department have been considering, with officials from the Department Agriculture, Food and the Marine, the tax implications for certain farmers arising from changes in the new EU Common Agriculture Policy and the scope for mitigating the tax effects. I have also been in contact with the Minister for Agriculture, Food and the Marine in these matters. There are potential tax...

Written Answers — Department of Finance: Household Charge Collection (6 May 2014)

Michael Noonan: I propose to take Questions Nos. 168 and 169 together. I am informed by the Revenue Commissioners that they have been in constant communications with the Local Government Management Agency (LGMA) since Local Property Tax (LPT) was first announced by the Government in 2012.  The LGMA was also represented on the inter-Departmental Group, chaired by Revenue, which was established...

Written Answers — Department of Finance: Film Industry Tax Reliefs (6 May 2014)

Michael Noonan: The Film Relief tax credit is undergoing significant changes, as outlined in Budget 2013 and enacted in Finance Act 2013. Under the new scheme, film relief will be given a new focus. The delivery mechanism of the incentive will change. It will not be available to investors in qualifying films. Instead a payable tax credit amounting to 32% of the lowest of: - the eligible expenditure amount;...

Written Answers — Department of Finance: VAT Exemptions (6 May 2014)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In this regard, all digitised publications, including e-books are treated as the supply of a service liable at the standard rate of VAT, which in Ireland is 23%. While Ireland applies a zero VAT rate to printed books including atlases, children's picture, drawing...

Written Answers — Department of Finance: VAT Rate Application (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the zero rate of VAT applies to tea, which is understood to mean products in non-drinkable form which consist of the dried crushed leaves of the tea plant, but not products such as herbal and fruit based infusions, which are not derived from leaves of the tea plant.  Industry representatives raised this matter recently with my Department and...

Written Answers — Department of Finance: IBRC Bond Issues (6 May 2014)

Michael Noonan: I am aware of the problems facing local authorities and in particular in relation to unfinished housing estates as a result of developers not complying with the terms of their planning permissions. I am advised that development bonds previously entered into by IBRC in favour of the various County Councils or local authorities remain in place however it is likely that any...

Written Answers — Department of Finance: Insurance Compensation Fund (6 May 2014)

Michael Noonan: I propose to take Questions Nos. 174 and 175 together. The Insurance Compensation Fund (ICF) is funded through levy of 2% being applied to home, motor and commercial insurance.  The levy operates under the Insurance Act 1964 and came into effect from 1 January 2012, following the appointment of administrators to Quinn Insurance Ltd (QIL) by the High Court....

Written Answers — Department of Finance: Insurance Industry (1 May 2014)

Michael Noonan: I propose to take Questions Nos. 36 and 37 together. The provision of motor insurance cover is a commercial matter for insurance companies, which is based on a proper assessment of the risks they are accepting and the making of adequate provisioning to meet these risks. In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Eligibility (1 May 2014)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. When I announced the incentive on Budget night, the scheme was due to run from 1 January 2014 to 31 December 2015. However, upon further consideration I decided to bring the start date of the scheme forward to 25 October 2013.  This scheme provides for tax relief for homeowners by way of a tax...

Written Answers — Department of Finance: IBRC Liquidation (1 May 2014)

Michael Noonan: I understand that the Special Liquidators have set aside a sum of €5.5 million to facilitate the termination payments recommended by Mr. Kieran Mulvey of the Labour Relations Commission. I am advised that under the recommendation the majority of staff who were employed by IBRC on 7 February 2013 and who remained in employment until their contracts of employment were terminated by the...

Written Answers — Department of Finance: Insurance Industry (1 May 2014)

Michael Noonan: I propose to take Questions Nos. 40 and 45 together. Setanta Insurance Company Limited ("Setanta") is a Maltese incorporated company which was both authorised and prudentially supervised by the Malta Financial Services Authority (MFSA). Setanta was regulated at EU regulatory level in accordance with a directive known as Solvency I which currently places requirements on the amount of...

Written Answers — Department of Finance: Tax Code (1 May 2014)

Michael Noonan: The USC was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced.  It is applied at a low rate on a wide base.  As you are aware, delivering on a commitment in the Programme for Government,...