Results 14,661-14,680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (1 Oct 2013)

Michael Noonan: The issue of excise rates on alcohol will be considered in the context of the forthcoming Budget.

Written Answers — Department of Finance: Universal Social Charge Application (1 Oct 2013)

Michael Noonan: As the Deputy will be aware, when the USC was introduced in Budget 2011, those aged 70 years and over were not liable to the top rates of charge. The maximum rate of charge for such individuals was 4% irrespective of the level of their income, unless they had self-employment income in excess of €100,000 for a tax year, in which case the maximum rate was increased to 7% on the amount of...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 207 and 209 together. I assume the Deputies are referring to the windfall gains provisions in sections 644AB and 649B Taxes Consolidation Act 1997, introduced by section 240 National Asset Management Agency Act 2009 and amended by section 25 Finance Act 2010, which apply an 80% rate of tax to the profits or gains from land disposals where those profits or...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 Oct 2013)

Michael Noonan: The initial application for a Primary Medical Certificate under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, is made to the Senior Medical Officer of the relevant local Health Service Executive administrative area. If the Primary Medical Certificate is refused, the person may appeal the refusal to the Disabled Drivers Medical Board of Appeal, National...

Written Answers — Department of Finance: Budget Submissions (1 Oct 2013)

Michael Noonan: My Department has received a pre-Budget submission from SIMI which includes, among other things a proposal for a swappage scheme. All such proposals will be considered in the context of the forthcoming Budget.

Written Answers — Department of Finance: Tax Rebates (1 Oct 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement (P21) for 2012 and a refund cheque will issue shortly to the person concerned.

Written Answers — Department of Finance: VAT Rate Application (1 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 212 and 218 together. I am informed by the Revenue Commissioners that a Revenue audit was conducted on the firm in question. The audit identified a number of liabilities, including interest and penalties. These additional liabilities were accepted and agreed, in writing, by the proprietors. The principal component of the additional liabilities arose from...

Written Answers — Department of Finance: VAT Rate Reductions (1 Oct 2013)

Michael Noonan: The 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. The measure was estimated to cost €120 million in 2011, €350 million in 2012, €350 million in 2013, and €60 million in 2014. The cost of the VAT reduction was...

Written Answers — Department of Finance: Tax Exemptions (1 Oct 2013)

Michael Noonan: As I pointed out in a previous reply to a PQ which was tabled by the Deputy in June of this year, I made provision in Budget 2013 for the following measure designed to assist farmers with consolidation of farm land. This measure followed on from measures in the previous year’s Budget which also supported farm expansion and the transfer of land. Section 48 of Finance Act 2013 provides...

Written Answers — Department of Finance: Vehicle Registration Issues (1 Oct 2013)

Michael Noonan: The issue of amending the current registration plate system was considered as part of the VRT/Registration plate review process undertaken by my Department in 2012. All relevant stakeholders (Environment, Transport, the Gardai, RSA, NRA) were consulted at the time and none were in favour of the proposal. Issues raised at the time were that it would be overly cumbersome, require significant...

Written Answers — Department of Finance: VAT Rate Reductions (1 Oct 2013)

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. The VAT Directive does not make specific provision for a reduced or zero rate to apply to safety equipment, including motorcycle helmets, and as such they are subject to the standard VAT rate, which is currently 23%.

Written Answers — Department of Finance: Property Taxation Deferrals (1 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 219 and 220 together. I am advised by the Revenue Commissioners that the most up to date Local Property Tax (LPT) figures, including the percentage of properties for which exemptions and deferrals were claimed, are published on the Commissioners website at . Work is on-going to refine the LPT Register, and more detailed and up-to-date data will be...

Written Answers — Department of Finance: Regulatory Impact Assessment Data (1 Oct 2013)

Michael Noonan: The information requested by the Deputy is contained in the following table. Bill Title Details of RIA carried out Central Bank (Supervision and Enforcement Bill) 2011. The Bill was enacted as the Central Bank (Supervision and Enforcement) Act 2013 in July 2013. A Regulatory Impact Analysis (RIA) was undertaken on this Bill in July 2011 prior to the Bill being published. Credit Union...

Written Answers — Department of Finance: Job Creation Numbers (26 Sep 2013)

Michael Noonan: Figures of the estimated cost to the Exchequer of the Revenue Job Assist Scheme, and the number of employee claimants availing of it in each of the years 2010 and 2011, the latest year for which the necessary detailed information is available, are set out as follows. Year Number of Employees availing of Revenue Job Assist Cost to Exchequer €M 2010 650 0.5 2011 1,220 1.1

Written Answers — Department of Finance: Debt Management Services (26 Sep 2013)

Michael Noonan: I have been advised by the Central Bank that following the commencement of the Central Bank (Supervision and Enforcement) Act 2013, the Bank is now responsible for regulating debt management firms. Firms engaged in the provision of debt management services will now require to be authorised by the Central Bank pursuant to Part V of the Central Bank Act 1997 (as amended) (the Act). The Act...

Written Answers — Department of Finance: Tax Forms (26 Sep 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that P21s for the years 2002 – 2008 inclusive have issued previously to the person concerned. I am further advised that in response to the Deputy's question, copies of these statements have now also been issued. The person in question had not requested a P21 for 2009. However, the tax liability for 2009 has now been reviewed and a PAYE...

Written Answers — Department of Finance: Seed Capital Scheme Eligibility (26 Sep 2013)

Michael Noonan: The Seed Capital Scheme is designed for individuals who are or were in employment that was subject to PAYE. In general, it operates by providing that an individual, who makes an investment in new ordinary shares in a new company, may set off the amount of that investment against his or her taxable income in any of the previous 6 years, which will result in an overpayment of tax. The...

Written Answers — Department of Finance: Financial Services Regulation (26 Sep 2013)

Michael Noonan: The customer due diligence requirements are set out in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended by the Criminal Justice (Money Laundering and Terrorist Financing Act 2013). Section 33 of the 2010 Act requires designated persons (such as banks) to apply customer due diligence measures prior to establishing a business relationship with a customer e.g....

Written Answers — Department of Finance: Tax Code (26 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that food products, including gluten-free products, which meet the definition of food and drink for human consumption contained in paragraph 8 of Schedule 2 to the Value Added Tax Consolidation Act 2010 are liable to the zero rate of VAT. There is no scope under the VAT Directive to zero rate gluten free products that do not meet this definition. The...

Written Answers — Department of Finance: Banking Sector Redundancies (26 Sep 2013)

Michael Noonan: I have been informed that the Severance Programme in AIB commenced in June 2012 and involved the preparation of briefing packs for all staff considering early retirement or voluntary severance. In respect of Early Retirement, AIB Staff Pensions Department prepare individual figures for staff in advance of them accepting an offer from the Bank. This information is provided directly to...