Results 13,321-13,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Bord Gáis Privatisation (17 Dec 2013)

Michael Noonan: The Department of Finance has not incurred costs in relation to external advice provided for the proposed sale of Bord Gáis Energy. I am informed by the New Economy and Recovery Authority (NewERA) that legal and financial advisers to Government on the sale of Bord Gáis Energy were engaged by NewERA after competitive tendering processes. It was announced on Thursday 12 December...

Written Answers — Department of Finance: Tax Code (17 Dec 2013)

Michael Noonan: I announced in Budget 2014 that I would introduce a new CGT incentive to encourage entrepreneurs to invest and re-invest in assets used in new productive trading activities. The measure will apply where an individual, who has paid capital gains tax on the disposal of assets, makes investments in a new business in the period 1 January 2014 to 31 December 2018 and subsequently disposes of this...

Written Answers — Department of Finance: Departmental Staff Remuneration (17 Dec 2013)

Michael Noonan: In my Department, the Banking Division* is currently staffed as follows: Grade Number Assistant Secretary 1 Principal 3 Assistant Principal 6 Administrative Officer 2 Higher Executive Officer 4 Executive Officer 1 Clerical Officer 2 All staff are in receipt of salaries as outlined in Circular 28/2009 - Revision of pay of Civil Servants. Application of pay adjustments in...

Written Answers — Department of Finance: Stamp Duty Transactions (17 Dec 2013)

Michael Noonan: The information requested by the Deputy on the yield from Stamp Duty on non-residential property, together with the numbers of duty paid transactions, is as set out in the following table. As indicated below, a breakdown between the numbers of residential and non-residential transactions is not available for 2010 and 2011. Non Residential Property Year €m Number of Duty Paid...

Written Answers — Department of Finance: Tax Reliefs Application (17 Dec 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant available information is that there were 2,538 investments in Section 481 film tax relief to date for the tax year 2013. Statistics are not available showing the actual number of persons employed in the film industry. Files maintained by the Revenue Commissioners provide data on the number of individuals that work on productions...

Written Answers — Department of Finance: Decentralisation Programme Expenditure (17 Dec 2013)

Michael Noonan: In my Department there are 323 staff, 75 of whom are assigned to the Finance Unit, Accounts, Salaries, exchequer, PMG Banking and PMG Pensions which are located at Clonminch Rd, Tullamore, Co. Offaly. Details of reimbursed travel and subsistence costs in line with approved civil service rates are set out below along with the number of necessary trips made in 2012 and 2013. My Department...

Written Answers — Department of Finance: Household Charge Collection (17 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 147 and 148 together. Information about Household Charge payments up to 30 June 2013 is a matter for my colleague, the Minister for the Environment, Community and Local Government and I understand he is replying to the Deputy separately. Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) provides that where the Household Charge for 2012...

Written Answers — Department of Finance: Property Taxation Assessments (17 Dec 2013)

Michael Noonan: The 0.25% rate of Local Property Tax (LPT) only applies to the portion over €1m of any property valued in excess of €1m. The first €1m in value is taxed at the 0.18% rate. I am advised by the Revenue Commissioners that, as work is on-going to refine the Local Property Tax Register and data on LPT, and as LPT Returns continue to be filed, it would be premature at this...

Written Answers — Department of Finance: Euro Currency Denomination (17 Dec 2013)

Michael Noonan: I propose to take Questions Nos. 150 and 154, inclusive, together. Under the Treaty on European Union, the ECB has the exclusive right to authorise the issue of euro banknotes. Earlier this year, a number of MEPs wrote to the President of the ECB requesting his support for the withdrawal of the €500 banknote. The President's reply to the MEPs noted that the reasons that...

Written Answers — Department of Finance: Home Renovation Incentive Scheme (17 Dec 2013)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme will run from 25 October 2013 to 31 December 2015 and provides for tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. Qualifying expenditure is expenditure subject...

Written Answers — Department of Finance: National Car Test (17 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that fees for car testing under the National Car Testing regime are liable to VAT at the standard rate, currently 23%. This information is available on the Revenue website and in addition, the website of Applus+ Car Testing Service Ltd states that both the full test fee and the re-test are inclusive of VAT. The VAT rating of goods and services is...

Written Answers — Department of Finance: NAMA Portfolio (17 Dec 2013)

Michael Noonan: NAMA’s role in relation to hotels and other property and assets securing its loans is, like a bank, that of a secured lender. NAMA does not own or control such properties or assets. NAMA advises that it holds security over a total of 108 operating hotels or 13% of the 835 hotels currently operating in Ireland. A breakdown of these hotels by geographic region is set out below. NAMA...

Written Answers — Department of Finance: Single Payment Scheme Administration (17 Dec 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the position with regard to the single payment is as follows: Income from a trade is normally calculated on an earnings basis for an accounting period to which accounts are made up. For simplicity, Revenue allows the single farm payment to be accounted for on either of the following basis: Receipts Basis. The single payment may be...

Written Answers — Department of Finance: Pensions Levy Issues (17 Dec 2013)

Michael Noonan: I assume that the Deputy is referring to the pension-related deduction (PRD) which was legislated for in the Financial Emergency Measures in the Public Interest Act 2009. Public servants, who are members of public service pension schemes, entitled to a benefit under such a scheme or receive payment in lieu of membership of such a scheme, are liable to pay the PRD. The PRD is deductible as...

Written Answers — Department of Finance: Property Taxation Administration (17 Dec 2013)

Michael Noonan: I am informed by Revenue that in accordance with the Finance Local Property Tax Act 2012 (as amended), LPT for 2014 is payable on or before 1 January 2014. I am also advised that liable persons wishing to pay their 2014 LPT by cheque could do so by attaching the payment to their LPT1A Payment Instruction and returning it to Revenue by 7 November 2013. Alternatively, they could send the...

Written Answers — Department of Finance: Betting Legislation (17 Dec 2013)

Michael Noonan: The Betting (Amendment) Bill 2013 was published in July last. Following publication the EU Commission had to be notified under the Technical Standard Directive and a three month standstill period ensued. That standstill period is now ended. Second stage has been provisionally scheduled for Thursday 16th January 2014. The scheduling of committee and subsequent stages is a matter for the...

Written Answers — Department of Finance: Property Taxation Collection (17 Dec 2013)

Michael Noonan: I am advised by Revenue that for Local Property Tax (LPT) purposes, the liability date for 2014, in accordance with the Finance (Local Property Tax) Act 2012 (as amended), is 1 November 2013. On that basis, the owner of a residential property on 1 November 2013 is responsible for paying the tax for 2014. If an owner sells a residential property after 1 November 2013, he/she remains liable...

Written Answers — Department of Finance: NAMA Operations (17 Dec 2013)

Michael Noonan: The sale of property is a matter for the Board of NAMA, which is guided by its independent commercial mandate under the NAMA Act and the overriding requirement to maximise the realised value of assets securing its loans and the return to the Irish taxpayer. NAMA has been established as a fully commercial agency to operate under the direction of a Board of Directors by the NAMA Act....

Written Answers — Department of Finance: Banking Sector Staff Issues (17 Dec 2013)

Michael Noonan: As I stated in earlier replies to Parliamentary Questions on this matter I can confirm that the three State supported banks responded with their individual strategies, designed to achieve the required savings, by the due date of 30 April as requested by the Government in response to the Mercer Report. I was not prescriptive in how this was to be achieved respecting their differing State...

Written Answers — Department of Finance: Enterprise Support Schemes (17 Dec 2013)

Michael Noonan: In the recent Budget I announced the Start Your Own Business initiative, which provides an exemption from Income Tax for individuals who have been unemployed for a period of 12 months and who start a new, un-incorporated business between 25 October 2013 and 31 December 2016. I can confirm that a person in receipt of the Back to Work Enterprise Allowance is eligible for the initiative.