Results 16,801-16,820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Exemptions (17 Apr 2013)

Michael Noonan: I understand that the Deputy is referring to the number of units in unfinished estates in the West Cork region. This is a matter for consideration by my colleague the Minister for the Environment, Community and Local Government. Section 10(1) of the Finance (Local Property Tax) Act (as amended) defines an “unfinished housing estate” as a development of two or more buildings...

Written Answers — Department of Finance: Property Taxation Exemptions (17 Apr 2013)

Michael Noonan: In accordance with section 10B of the Finance (Local Property Tax) Act 2012 (as amended), an exemption from the charge to LPT will apply to a residential property purchased, built or adapted to make it suitable for occupation by a permanently and totally incapacitated individual as their sole or main residence, where an award has been made by the Personal Injuries Assessment Board or a court,...

Written Answers — Department of Finance: Liquor Licence Applications (17 Apr 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the procedure following the grant of a Licence by Court Order is for the Licensee to obtain a Court Certificate from the Court Office. This Court Certificate must be submitted to the Revenue Commissioners, within 12 months of the date on which it was issued. The Revenue Commissioners will then issue the Licence, subject to tax clearance being...

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

Michael Noonan: I am advised by the Revenue Commissioners that the person (details supplied) submitted a Return of Income in respect of the 2002 tax year that included details of a redundancy payment received in that year. A PAYE Balancing statement issued in 2003 which did not include top slicing relief, as the person did not claim such relief. The person made no objection to, nor did he query, the PAYE...

Written Answers — Department of Finance: Pension Provisions (17 Apr 2013)

Michael Noonan: Finance Act 2013 was passed into law on 27th March and section 17 of the Act, which makes provision for pre-retirement access to AVCs, has effect from that date. Section 17 introduces a new section 782A into the Taxes Consolidation Act 1997 which provides members of occupational pension schemes with a three-year window of opportunity to draw down, on a once-off basis, up to 30% of the...

Written Answers — Department of Finance: Property Taxation Exemptions (17 Apr 2013)

Michael Noonan: Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for a temporary exemption of at least three consecutive years from the charge to Local Property Tax (LPT) for residential properties that have been certified as having “significant pyritic damage”. The methodology for the assessment of dwellings to establish significant pyritic damage will be...

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

Michael Noonan: AIB has informed me that as part of the Bank’s exit process, all early retirement and voluntary severance offers include a clause which precludes the staff member from being re-hired by AIB or any of its subsidiaries, either directly or indirectly through a third party. In the case of early retirement the restriction is open ended. In the case of voluntary severance the restriction...

Written Answers — Department of Finance: European Banking Union (17 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 87 and 90 together. Support for the establishment of a European Banking Union was given at the highest political level at a Summit of Heads of State & Government of the Euro Area in June of last year. In September the European Commission presented legislative proposals for a single supervisory mechanism (SSM) conferring powers on the ECB for the...

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

Michael Noonan: When publishing the Review of Remuneration Practices and Frameworks at the Covered Institutions, on 12 March 2013, I indicated that the Government had formed the view that with the remaining covered institutions still incurring losses it was an inescapable conclusion that the cost base of the institutions needs to be reduced further. This is essential if they are to return to profitability,...

Written Answers — Department of Finance: Liquor Licence Applications (17 Apr 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the procedure following the grant of a Licence by Court Order is for the Licensee to obtain a Court Certificate from the Court Office. This Court Certificate must be submitted to the Revenue Commissioners, within 12 months of the date on which it was issued. The Revenue Commissioners will then issue the Licence, subject to tax clearance being...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Apr 2013)

Michael Noonan: Income tax relief in respect of health expenses is allowable in accordance with section 469 of the Taxes Consolidation Act 1997. This legislation provides for tax relief for health expenses incurred in the provision of health care. Health care is defined for the purposes of that legislation as the prevention, diagnosis, alleviation or treatment of an ailment, injury, infirmity, defect or...

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

Michael Noonan: The requirement for owners of multiple properties to file and pay their Local Property Tax (LPT) electronically is contained in section 44 of the Finance (Local Property Tax) Act 2012 (as amended). I am informed by the Revenue Commissioners that a significant number of multiple property owners are already obliged, by virtue of the Taxes Consolidation Act 1997, to pay and file their tax...

Written Answers — Department of Finance: Register of Residential Properties (17 Apr 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a key aspect of the work that they have undertaken in connection with Local Property Tax (LPT) has been the development of a comprehensive Register of residential properties in the State which is the cornerstone of the new tax. The Register was developed using data drawn from a range of sources including Revenue’s own databases, the...

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

Michael Noonan: Section 157 of the Finance (Local Property Tax) Act 2012 (as amended) provides, that commencing in 2014, the Minister shall pay into the Local Government Fund an amount equivalent to the Local Property Tax (LPT) (including any interest paid thereon) from the Central Fund or the growing produce thereof during that year. The allocation of funding to local authorities, as well as criteria in...

Written Answers — Department of Finance: Tax Clearance Certificates (17 Apr 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that an application can be made on line for a Tax Clearance Certificate on www.revenue.ie. In the case of a PAYE employee a Form TC11 can be submitted to the appropriate Revenue Office. A Tax Clearance Certificate can only be issued to a person whose tax affairs are in order at the date of issue of that Certificate. In relation to the...

Written Answers — Department of Finance: Property Taxation Collection (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 198, 213, 234, 320, 359 and 360 together. Section 119 of the Finance (Local Property Tax) Act 2012 (as amended) provides that the Local Property Tax (LPT) for 2013 is not payable until 1 July 2013. The legislation also provides that property owners may choose to pay the tax for the current year in equal instalments over the period from 1 July 2013 to the end...

Written Answers — Department of Finance: Property Taxation Application (16 Apr 2013)

Michael Noonan: The EU-IMF Programme of Financial Support is subject to policy conditionality which is set out in programme documents - the Memorandum of Understanding on Specific Economic Policy Conditionality, the Memorandum of Economic and Financial Policies and the Technical Memorandum of Understanding. The conditionality in these documents is subject to continuing assessment by the Irish Authorities...

Written Answers — Department of Finance: Employment Rights Issues (16 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that it is the responsibility of an employer to issue a P45 when an employee has ceased in employment. Part 1 of the P45 is given to Revenue to notify that the employment has ceased. Parts 2, 3 and 4 are given to the employee to avoid paying emergency tax in a new employment, to claim a refund of tax during unemployment, and/or to claim Social...

Written Answers — Department of Finance: Property Taxation Application (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 201, 268 and 269 together. Section 7 of the Finance (Local Property Tax) Act 2012 (as amended) provides that local authorities will be liable to pay the Local Property Tax (LPT) on their properties in the same way as any other residential property owner, unless the properties in question are used to accommodate people with special housing needs such as the...

Written Answers — Department of Finance: Property Taxation Exemptions (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 202 and 366 together. The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered, how a residential property is to be valued for Local Property Tax (LPT) purposes and provides for the making of a Revenue Estimate. I am informed by the Revenue Commissioners that as LPT is a self-assessed tax, in the first instance it...