Results 13,941-13,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Credit Availability (20 Nov 2013)

Michael Noonan: Facilitating access to finance for SMEs is a key aspect of the Action Plan for Jobs 2013. It is the Government’s vision that all viable businesses operating in Ireland should have the opportunity to access sufficient finance to meet their enterprise needs in a manner that supports growth and employment in the economy. The Government has imposed SME lending targets on AIB and Bank of...

Written Answers — Department of Finance: Economic Growth Initiatives (20 Nov 2013)

Michael Noonan: Since the Government has taken office, all of its economic policies have been designed with the goal of strengthening economic activity and putting the labour market back on a sounded footing. In 2012 the economy recorded a second successive year of growth after three successive years of contraction. This recovery has been driven by strong export growth over the period reflecting, in part,...

Written Answers — Department of Finance: International Tax Strategy (20 Nov 2013)

Michael Noonan: As I outlined in my Budget speech on 15 October last, reputation is becoming more and more a vital factor in winning foreign direct investment. In the past year the issue of the taxation of multinational corporations has come increasingly to the fore. These are global challenges which require global solutions. Countries cannot resolve these problems by acting on their own. As I have said...

Written Answers — Department of Finance: Bank Charges (20 Nov 2013)

Michael Noonan: I, as Minister for Finance have no statutory role in relation to bank charges imposed by regulated financial institutions. This is a commercial matter for the lending institutions concerned. The Central Bank has advised me that under Section 149 of the Consumer Credit Act, 1995 (as amended), credit institutions, including prescribed credit institutions, and bureaux de change must notify the...

Written Answers — Department of Finance: Mortgage Arrears Proposals (20 Nov 2013)

Michael Noonan: In June 2013 the Central Bank set quarterly institution-specific performance targets for covered banks to move distressed SME borrowers on to longer-term solutions. The targets set reflect the banks’ capacity, processes and systems. I should stress that the Credit Review process remains available to any SMEs whose credit has been reduced or withdrawn by the pillar banks as well as...

Written Answers — Department of Finance: Mortgage Protection Policies (20 Nov 2013)

Michael Noonan: I have made inquiries with the Central Bank about this matter which I understand relates to cases where a person can no longer afford to pay for the protection and/or has a claim rejected. The Central Bank has informed me that it does not collect this information and they are not aware that there is a particular issue in respect of this form of insurance that would indicate systemic failings...

Written Answers — Department of Finance: Property Taxation Data (20 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that there have been no prosecutions of homeowners who have failed or refused to cooperate with the Revenue Commissioners in respect of LPT. Revenue’s priority this year has been to establish the tax, develop the LPT Register and secure the yield for the Exchequer.

Topical Issue Debate: Fuel Laundering (19 Nov 2013)

Michael Noonan: The initiatives taken in the last two Finance Bills are working, especially the one on traceability. In one case, thousands of litres of fuel were being delivered to the equivalent of a corner shop where, obviously, there was no outlet to sell it. Traceability is the key. Previously there was no traceability of the identities of the customers of the big fuel farms which supplied central...

Topical Issue Debate: Fuel Laundering (19 Nov 2013)

Michael Noonan: The Revenue Commissioners inform me that they are acutely aware of the threat posed by fuel laundering to remove the marker added to rebated fuel for off-road use. Fuel laundering to remove the marker from rebated fuel has been a persistent problem during the years. However, it remained a marginal activity because the sulphur content of marked fuel was higher than that of road fuel....

Supplementary Estimates for Public Services: Motion (19 Nov 2013)

Michael Noonan: I move: That leave be given by the Dáil to introduce the following Supplementary Estimates for the service of the year ending on the 31st day of December, 2013:Vote 20 — Garda Síochána (Supplementary Estimate). Vote 24 — Justice and Equality (Supplementary Estimate).

Supplementary Estimates for Public Services: Referral to Select Committee (19 Nov 2013)

Michael Noonan: I move: That, subject to leave being given to introduce the following Supplementary Estimates for the service of the year ending on 31st December, 2013, the Supplementary Estimates be referred to the Select Committee on Justice, Defence and Equality, pursuant to Standing Orders 82A(3)(c) and 159(3) and paragraph (8) of the Orders of Reference of Select Committees, which shall report back to...

Written Answers — Department of Finance: Tax Code (19 Nov 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit (OPFTC) is being replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. The Single Person Child Carer Tax Credit will be of the same value, i.e. €1,650, as the existing OPFTC and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new credit will be...

Written Answers — Department of Finance: Tax Exemptions (19 Nov 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No: 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amount of VAT and VRT for organisations registered under the scheme. On 22 May 2013, an...

Written Answers — Department of Finance: Vehicle Registration Issues (19 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 158 and 159 together. 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...

Written Answers — Department of Finance: Property Taxation Assessments (19 Nov 2013)

Michael Noonan: I understand that the person who has contacted the Deputy about this matter wishes to decrease the value previously declared to the Revenue Commissioners. As I informed the House previously in my replies to a number of Questions on this matter, most recently in my reply to Question 64 (47424/13) on 7 November 2013, Local Property Tax is a self-assessed tax so it is a matter for the property...

Written Answers — Department of Finance: Tax Reliefs Eligibility (19 Nov 2013)

Michael Noonan: Section 473A of the Taxes Consolidation Act 1997 provides, subject to certain conditions, for tax relief at the standard rate of income tax (20%) as regards a portion of qualifying fees paid by an individual in respect of a third-level education course including a postgraduate course. Qualifying fees means tuition fees in respect of an approved course at an approved college and includes what...

Written Answers — Department of Finance: Tax Collection (19 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the Domicile Levy was introduced in the Finance Act 2010. The first year for which individuals were required to make returns was the year 2010, and these returns had to be filed by 31 October 2011 or by 15 November 2011 if filed electronically using the Revenue Online Service (ROS). As requested by the Deputy, Table 1 sets out the domicile levy...

Written Answers — Department of Finance: Property Taxation Administration (19 Nov 2013)

Michael Noonan: I assume the Deputy is referring to the exemption in section 8 of the Finance (Local Property Tax) Act 2012 (as amended). It was originally intended that this exemption would only apply to first-time buyers, which is clear from the heading to the section: "Exemption for first-time buyers". The Explanatory Memorandum to the Bill (prior to enactment) also states that the exemption applies to...

Written Answers — Department of Finance: Tax Collection (19 Nov 2013)

Michael Noonan: I am advised by Revenue that in the vast majority of CAT cases, payment is made on behalf of the taxpayer by an agent or solicitor via the Revenue On-Line System (ROS). Once the user opts to pay via ROS then he/she has the choice of the full range of payment methods available including debit card. Revenue has also advised me that it has developed ROS to the very highest international...

Written Answers — Department of Finance: Tax Credits (19 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that this tax payer is jointly assessed with his wife, and that they are entitled to the married tax credit of €3,300 plus the PAYE tax credit of €1,650. These tax credits have been allocated to the wife for 2013 as requested by the couple. However, if the tax-payer believes he is entitled to other tax credits he should contact his...