Results 16,981-17,000 of 27,019 for speaker:Michael Noonan

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: State Banking Sector (26 Mar 2013)

Michael Noonan: As the Deputy will be aware the Bank of Ireland has only issued the documentation for the Annual General Court on 24 April in the last couple of days. My Department will fully peruse all the documentation before deciding the appropriate vote for each of the resolutions and as always, will vote in the best interest of the State and to maximise the return to the taxpayer of the funds invested...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Bank Codes of Conduct (26 Mar 2013)

Michael Noonan: My Department has no responsibility in relation to the seizure of farm equipment. I would expect that such seizures are carried out in accordance with the law and that proper notice was given to the person affected regarding alleged outstanding debts on the equipment. However, if that was not the case and the Deputy suspects that an illegal action took place in relation to this particular...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Tax Code (26 Mar 2013)

Michael Noonan: The precise number of recipients that will be liable to income tax on their maternity benefit payment is not available. However, I understand that the Department of Social Protection have estimated that the average weekly maternity benefit recipients in 2013 to be 22,800, including those who will not have an increased liability to income tax. As a result of maternity benefit payments...

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: There are two questions. First, local authority tenants have no liability for local property tax. If someone receives a local property tax return in error, he or she should write to Revenue to point out that he or she has received it in error, explain that he or she is a local authority tenant of, say, Limerick County Council and give his or her tenant number. That is the end of the matter...

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: Is it pinned on or gummed on?

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: Are they gummed on or pinned on?

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: That is not a valuation.

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: There has been some recent commentary about tenants in local authority dwellings receiving local property tax, LPT, returns. I welcome the opportunity to clarify matters and set out what they need to do. The Finance (Local Property Tax) Act 2012, as amended, sets out how the tax is to be administered and provides that a liability for LPT will arise where a person owns a residential property...

Written Answers — Department of Finance: Living City Initiative (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 171 and 172 together. Finance Bill 2013 includes a section on the Living City Initiative which proposes to introduce a scheme of tax incentives focusing on the regeneration of the historic centres of some of our main cities. The scheme which will be introduced by Ministerial order, will apply in the first instance on a pilot basis to specified regeneration...

Written Answers — Department of Finance: Departmental Staff Numbers (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 173 and 174 together. I am advised by the Revenue Commissioners that no member of their staff is to be redeployed, transferred or moved as a result of the outsourcing of an element of the call service for Local Property Tax (LPT). The use of an external service provider has arisen in the context of additional work associated with the roll out of a new tax....

Written Answers — Department of Finance: Tax Reliefs Application (26 Mar 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: Retail Sector (26 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant information available is the total amount of gross trading profits returned by all companies trading in the retail sector and referenced under NACE Codes 4711 to 4799 and also code 4532. This includes retail sales of motor vehicles. The available information is derived from corporation tax returns for the year 2010, the latest...

Written Answers — Department of Finance: Home Repossession Rate (26 Mar 2013)

Michael Noonan: I have been informed by the Central Bank that under the Code of Conduct on Mortgage Arrears (CCMA), where a borrower co-operates with a lender, the lender must wait at least 12 months before applying to the courts to commence legal action for repossession. This 12-month moratorium is intended to provide co-operating borrowers with the necessary time to agree an alternative repayment...

Written Answers — Department of Finance: Banking Sector Remuneration (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 178, 184, 191 and 209 together. 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...

Written Answers — Department of Finance: Bank Deposits Levy (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 179, 180, 188 and 227 together. In answer to media queries, my Department commented that the “agreement of the Programme of Assistance for Cyprus is to be welcomed.” Following many months of uncertainty and negotiations in Cyprus and the Eurozone, the fact that an Agreement was reached between the Cypriot Authorities and the Troika was an...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 Mar 2013)

Michael Noonan: I have been advised by the Special Liquidators that the residential mortgage customers of IBRC (in Special Liquidation) continue to enjoy the protection of the Central Bank Code of Conduct on mortgage arrears and other protections in Irish consumer law. The Special Liquidators are currently devising and implementing a sale process in relation to the mortgage portfolio and while it is too...

Written Answers — Department of Finance: Illicit Trade in Tobacco (26 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that determining the extent of any illicit black market activity and the losses that it causes to the Exchequer is problematic, and that any estimates of such losses need to be viewed with caution. I understand that a survey in respect of 2011 carried out for the Revenue Commissioners and the Health Services Executive found that some 770 million...

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

Michael Noonan: The position is that a number of exemptions and relief’s from CAT are provided for in CAT legislation. In accordance with the law in most common law jurisdictions, a complete exemption from CAT is available in relation to gifts and inheritances transferring between spouses. Section 70 CATCA 2003 provides that a gift taken by a donee who is at the date of the gift the spouse or civil...

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

Michael Noonan: I have been advised by the Revenue Commissioners that they have contacted the person concerned and arranged to have the necessary details submitted to enable reviews to be dealt with for 2011 and 2012.

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 186 and 187 together. The Deputy will be aware that on 13 March 2013 the Central Bank announced new measures to address mortgage arrears, including the publication of performance targets for the main mortgage banks. The targets are set in relation to both Principal Dwelling Homes and Buy to Let mortgages. The new approach is aimed at ensuring that banks...