Results 12,861-12,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (4 Feb 2014)

Michael Noonan: I assume the Deputy is referring to the tax treatment of retirement lump sums paid from public service occupational pension schemes. The following arrangements currently apply to retirement lump sums paid under pension arrangements approved by the Revenue Commissioners, and also to retirement lump sums paid from public service occupational pension schemes. - Lump sum amounts up to...

Written Answers — Department of Finance: Tax Code (4 Feb 2014)

Michael Noonan: The Deputy may be aware that this issue was discussed at length during the passage of the recently enacted Finance (No. 2) Act 2013, during which I indicated that I was not prepared to provide for the change at the current time on the grounds of additional cost to the Exchequer. Therefore, the amendment was considered already and I do not propose to revisit the matter...

Written Answers — Department of Finance: Revenue Commissioners Investigations (4 Feb 2014)

Michael Noonan: The Revenue Commissioners are charged with responsibility for collection and recovery of a wide range of taxes and duties. I know that Revenue has a strong focus on making sure that everyone complies with their tax and duty responsibilities by paying the right amount and on time. Revenue expects businesses to continue, notwithstanding the difficult economic circumstances in which they are now...

Written Answers — Department of Finance: Banking Sector Remuneration (4 Feb 2014)

Michael Noonan: As the Deputy will be aware this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) and the payment of bonuses is not permitted. I can confirm that at one of the recent meetings that took place between AIB and...

Written Answers — Department of Finance: Tax Compliance (4 Feb 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that they have been in contact with the former employer concerned.  Revenue requested that he issue Forms P45 to the employees concerned. The former employer confirmed that he will immediately arrange for the issue of the Forms P45 to the relevant individuals.

Written Answers — Department of Finance: Insurance Coverage (4 Feb 2014)

Michael Noonan: At the outset, it should be noted that the issue of flood cover and its unavailability in some instances is one which I am familiar with. I am also very conscious of the difficulties that the absence of such cover can cause to householders and businesses. While the lack of availability of flood insurance affects a relatively small number of people, the consequences for these...

Written Answers — Department of Finance: Tax Rebates (4 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned is jointly assessed with his spouse and that PAYE Balancing Statements in respect of the years 2012 and 2013 issued to the spouse of the named individual on 29/01/2014. The relevant refund cheques will issue shortly.

Written Answers — Department of Finance: Property Taxation Administration (4 Feb 2014)

Michael Noonan: Local Property Tax is due on all residential properties in the State (with limited exemptions), regardless of whether they are occupied by the owner, rented out or unoccupied. Unlike trading activity, in the case of rental activity, taxable income is the gross rent as reduced by a limited number of specified deductions as set out in section 97 (2) TCA 1997. These are:   ...

Written Answers — Department of Finance: IBRC Liquidation (4 Feb 2014)

Michael Noonan: The Irish Bank Resolution Corporation Bill 2013 (the " IBRC Act") was passed by the Dáil on 7 February 2013. The IBRC Act provided for the winding up of IBRC in an orderly and efficient manner in the public interest. On 7 February 2013, I as the Minister for Finance, made an Order pursuant to Section 4 of the IBRC Act providing for the winding-up of IBRC under the provisions...

Written Answers — Department of Finance: Tax Credits (4 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 177 to 179, inclusive, together. The position is that as a result of an amendment which I brought forward at Committee Stage of the Finance Bill, a primary carer who is entitled to the credit and who does not wish to avail of it can choose to surrender it.  A secondary carer may then make a claim for the credit, provided that the qualifying child...

Written Answers — Department of Finance: Financial Services Regulation (4 Feb 2014)

Michael Noonan: Section 149 of the Consumer Credit Act 1995 (as amended)  came into effect in May 1996 and requires that credit institutions and bureaux de change notify the Central Bank if they wish to: - introduce any new customer 'charge' for providing a service or - increase any existing customer 'charge' for providing a service.  The following table, provided by the Central...

Written Answers — Department of Finance: Tax Rebates (4 Feb 2014)

Michael Noonan: As you are aware the One-Parent Family Tax Credit has been replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. However, the credit is more targeted in that it is, in the first instance, only available to the principal carer of the child.  The person who receives the child benefit payment is being used as the initial indicator by the Revenue Commissioners to...

Written Answers — Department of Finance: Information and Communications Technology Issues (4 Feb 2014)

Michael Noonan: An innovative approach to the EU Presidency in 2013 was adopted by my Department in the development of the EU Presidency App which was available on iTunes and the Google Play Store. This App was designed to assist all delegations coming to Ireland to enjoy a more interactive way of finding out relevant information for their meetings, travel, accommodation and other amenities.  The...

Written Answers — Department of Finance: Consultancy Contracts (4 Feb 2014)

Michael Noonan: As the Deputy may be aware, my Department commissions biannual SME credit demand surveys, securing completed responses from 1,500 SMEs, to ascertain the situation in relation to: - the demand for credit from SMEs; - their level of knowledge on their rights in relation to credit; - the reasons given for refusal of credit and; - the failure of SMEs to seek credit. Following a...

Written Answers — Department of Finance: Fuel Prices (4 Feb 2014)

Michael Noonan: Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The fluctuation in oil prices over recent years reflected additional factors such as geopolitical uncertainty in Northern Africa and the Middle East with potential supply disruptions. As Minister for Finance I have no jurisdiction or...

Written Answers — Department of Finance: Vehicle Registration Issues (4 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that Statutory Instrument (S.I.) No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended by Statutory Instrument No. 542 of 2012) prescribes the format, lettering, dimensions and technical specifications of registration plates to be displayed on vehicles in the State.  I am also informed by the Revenue Commissioners that the...

Written Answers — Department of Finance: Hospital Closures (4 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 189 to 191, inclusive, together. I am advised that there were extensive efforts to find either a private or public purchaser for the Mount Carmel Hospital.  I am advised that in early 2013, Goodbody Corporate Finance were retained by the owners of Mount Carmel to sell it as a going concern.  A detailed sales campaign began in April 2013.  49...

Written Answers — Department of Finance: Property Taxation Yield (4 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) for 2013 are available broken down by city and county councils nationally and the most up to date figures are published on the Commissioners website at: .  The Commissioners have confirmed that by the end of December 2013 €318m had been transferred by Revenue to the...

Written Answers — Department of Finance: Property Taxation Administration (4 Feb 2014)

Michael Noonan: I am advised by Revenue that amended by that self-employed persons may incur an LPT generated surcharge on their Income Tax and Capital Gains Tax liability, where LPT return(s) are outstanding or where agreed payment arrangements are not met at the date of filing the IT/CGT return. Where such a surcharge arises, it amounts to 10% of the IT/CGT liability and is in addition to the actual LPT...

Written Answers — Department of Finance: Property Taxation Collection (4 Feb 2014)

Michael Noonan: I am advised by Revenue that the Local Property Tax (LPT) records of the individual in question have been corrected and that a refund of the monies deducted in error from his occupational pension was made. However it appears that additional deductions have been made in error by the pension provider. In regard to the multiple property records in this case, an incorrect property record was...