Results 15,081-15,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Collection (16 Jul 2013)

Michael Noonan: Firstly, I would like to briefly comment on Revenue’s approach to tax collection and in particular its overall compliance and debt management approach. Revenue has a strong focus on making sure that every individual and business complies with the responsibility to pay the right amount of tax or duty, including any interest and penalties which are due, in full and on time. This is an...

Written Answers — Department of Finance: Money Laundering (16 Jul 2013)

Michael Noonan: I am advised by the Central Bank that all firms involved in money transmission or money remittance are required by it to hold an appropriate authorisation to provide the service. All firms involved in money transmission or money remittance are deemed to be a “designated person” under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended) as they...

Written Answers — Department of Finance: Tax Collection (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they do not have any data on “vacant land”. I am further advised that the Central Statistics Office and the Minister for the Environment, Community and Local Government do not have data on undeveloped land which would enable a yield from a higher rate of CGT, as proposed, to be estimated.

Written Answers — Department of Finance: Banking Sector Regulation (16 Jul 2013)

Michael Noonan: The Relationship Framework, which was established on 29 March 2012 enabled representatives of the Minister to attend Board meetings in an observer capacity. The representative attended in a passive capacity only and did not play an active role in the meetings. The Board meetings were held monthly and a representative of the Department was usually present. To the best of our knowledge, the...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (16 Jul 2013)

Michael Noonan: I am advised that the Central Bank would have been aware of the existence of recorded phone conversations in Anglo Irish Bank. Banks record phone calls for a variety of reasons in the normal course of business and this was known to the Central Bank however this was not a regulatory requirement. I have been advised by the Central Bank that it was not aware of these tapes or the content...

Written Answers — Department of Finance: Departmental Legal Costs (16 Jul 2013)

Michael Noonan: In general, my Department uses the services of the Office of the Attorney General and the Office of the Chief State Solicitor for legal advice. However, it also uses outside legal advisors in circumstances requiring legal services of a specific nature. The costs associated with the Office of the Attorney General and the Office of the Chief State Solicitor are borne by their respective...

Written Answers — Department of Finance: Tax Credits (16 Jul 2013)

Michael Noonan: The position is that the Incapacitated Child Tax Credit can be claimed where the child is permanently incapacitated either physically or mentally from maintaining himself/herself. I am advised by the Revenue Commissioners that a hearing disability is regarded as being permanently incapacitating only if there is severe and permanent deafness affecting both ears which cannot be corrected by a...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (16 Jul 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 amounts of VAT and VRT for persons registered under the scheme. The person (details supplied)...

Written Answers — Department of Finance: Income Data (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2013, is set out in the following table. All Income Earners for Income Tax Year 2013 Range of Gross Income Effective Rate € % 1,001 - 20,000 0.6% 20,001 - 32,800 4.4% 32,801 - 50,000 9.9% 50,001 - 70,000 15.0% 70,001 - 100,000 18.8% 100,001 - 125,000 22.3%...

Written Answers — Department of Finance: European Banking Sector (16 Jul 2013)

Michael Noonan: The Deputy will be aware that under the Irish Presidency on 26 June 2013 EU Finance Ministers agreed a common position on the proposal for a harmonized bank recovery and resolution regime, which sets out provisions governing how resolution is carried out and how the costs are shared. This EU-wide resolution framework for the managed resolution of banks and investment firms will give...

Written Answers — Department of Finance: VAT Rates Reductions (16 Jul 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. Under the VAT Directive Member States may only apply the reduced VAT rate to those goods and services which are listed under Annex III of the VAT Directive. Annex III does not provide for a reduced rate of VAT to be applied to furniture. As such, the only rate that may...

Written Answers — Department of Finance: Vehicle Registration Issues (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that in the context of Local Government reform regulations will be drafted to amend the vehicle registration number plates for counties Tipperary, Limerick and Waterford. When finalised and signed by the Revenue Commissioner, it is intended that these regulations will come into effect from 1 January 2014 and will result in a single registration plate...

Written Answers — Department of Finance: Corporation Tax (16 Jul 2013)

Michael Noonan: The availability of relief for losses incurred in a business is a well-established feature of the corporation tax regime, which is in recognition of the fact that a business cycle runs over several years and that it would be unbalanced to tax profits in one year and not allow losses in another. Under Irish tax legislation a company incurring a trading loss in an accounting year can carry that...

Written Answers — Department of Finance: Tax Yield (16 Jul 2013)

Michael Noonan: The tax treatment of undistributed reserves in companies is dealt with by sections 440 and 441 of the Taxes Consolidation Act 1997. Section 440 provides for an additional charge of corporation tax (referred to as a surcharge) on undistributed investment and estate income of close companies. A close company will be liable to a surcharge of 20% on any investment and rental income that is not...

Written Answers — Department of Finance: Tax Rebates (16 Jul 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that they have reviewed the income tax liability of the person concerned for the years 2009 to 2012 inclusive. On the basis of the information available to them the person concerned is not due a refund of tax. PAYE Balancing Statements (P21s) for 2009 to 2012 inclusive will issue shortly to the person concerned.

Written Answers — Department of Finance: NAMA Transactions (16 Jul 2013)

Michael Noonan: As the Deputy is aware, NAMA is prohibited under Sections 99 and 202 of the NAMA Act from disclosing confidential information, including details relating to individual debtors and their properties.

Written Answers — Department of Finance: NAMA Transactions (16 Jul 2013)

Michael Noonan: I am advised by the Special Liquidators that they are not in a position to comment on individual cases. The information requested is confidential in nature and it would not be appropriate for the Special Liquidators to release such information.

Written Answers — Department of Finance: Disabled Drivers Grants (16 Jul 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 amounts of VAT and VRT for persons registered under the scheme. The legislation specifies...

Written Answers — Department of Finance: Credit Availability (16 Jul 2013)

Michael Noonan: 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 the two domestic pillar banks for...

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

Michael Noonan: Any proposals to extend the 9% rate for the hospitality sector into 2014 will be considered in the context of Budget 2014.