Results 17,321-17,340 of 27,019 for speaker:Michael Noonan

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: We had a long debate on this issue on Committee Stage and I thank Deputies Michael McGrath and Pearse Doherty for acknowledging that we had a very good Committee Stage debate in which matters were discussed very thoroughly. I thank the Deputies who participated because one needs two sides to get a good debate going. It was a very interesting and helpful debate. However, there is a tendency...

Finance Bill 2013: Order for Report Stage (13 Mar 2013)

Michael Noonan: I move: "That Report Stage be taken now."

European Council: Statements (13 Mar 2013)

Michael Noonan: I am sorry, Deputy.

Written Answers — Department of Finance: Property Taxation Exemptions (13 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 sets out how the tax is to be administered and provides for the collection of Local Property Tax (LPT). In the case of a property that is used for both commercial and residential purposes, LPT is only due on the residential portion of the property where the residential portion is not subject to commercial rates. Where the entire building including...

Written Answers — Department of Finance: Action Plan for Jobs (13 Mar 2013)

Michael Noonan: The Department of Transport, Tourism and Sport have advised my Department that the Action Plan for Jobs 2013 refers to a report by Oxford Economics which quotes an estimate of 26,000 directly employed in the air transport industry in Ireland. That report provides a limited breakdown of this figure stating that airlines registered in Ireland directly employ 10,000 people and that aviation...

Written Answers — Department of Finance: Ministerial Meetings (13 Mar 2013)

Michael Noonan: As Minister for Finance, I and officials from my Department meet with a large number of representatives of all industry sectors including representatives of the aviation industry and the aviation leasing industry. I meet with industry representatives directly, on the margins of engagements and functions and at the request of the IDA. For example, I have met with representatives of both...

Written Answers — Department of Finance: Universal Social Charge (13 Mar 2013)

Michael Noonan: The position is that Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. I should point out that the Health Levy was introduced in the Health Contributions Act, 1979 and was payable on all reckonable income and subject to...

Written Answers — Department of Finance: Property Taxation Application (13 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Local Property Tax (LPT) is a self-assessed tax so in the first instance it is a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. For the purposes of LPT, property values for properties under €1 million are organised into valuation bands, with a range of...

Written Answers — Department of Finance: Property Taxation Collection (13 Mar 2013)

Michael Noonan: Section 119 of the Finance (Local Property Tax) Act 2012 sets out the dates for payment of the Local Property Tax (LPT). The Finance (Local Property Tax) (Amendment) Bill 2013 clarifies that while the LPT is due by reference to a liability date it is not payable until a later date. In relation to 2014, the tax is payable on 1 January 2014. I am advised by the Revenue Commissioners that a...

Written Answers — Department of Finance: Banking Sector Regulation (13 Mar 2013)

Michael Noonan: I have been informed by AIB that the bank is seeking to deliver a better technology offering for customers as it attempts to return to profitability over time. The decision to partner with a company (details supplied) has been taken as part of the overall strategy of introducing new productivity tools on the most commercial terms. The Department of Finance were informed of AIB’s...

Written Answers — Department of Finance: IBRC Liquidation (13 Mar 2013)

Michael Noonan: I am informed by the Special Liquidators that there is on-going communication between them and the staff of IBRC to discuss their issues. In relation to meetings between the Special Liquidators and the IBOA, I have been advised that the Special Liquidators met with the IBOA on Monday 11 March 2013.The Special Liquidators have informed me that this was the earliest possible date following...

Written Answers — Department of Finance: Fuel Rebate Scheme (13 Mar 2013)

Michael Noonan: Contractors using machinery in the course of farming work are entitled to use Marked Gas Oil (MGO). The current excise duty including the carbon charge on MGO is 10.23 cents per litre, this compares to 47.9 cents per litre in respect of auto-diesel. In terms of VAT, the reduced VAT rate of 13.5% applies to MGO and the standard VAT rate of 23% applies to auto-diesel. MGO is therefore taxed...

Written Answers — Department of Finance: Tobacco Seizures (13 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the amounts of cigarettes and tobacco products that were seized by their staff at Dublin Airport in 2012 and to date in 2013 are as follows: 2012 Amount – Cigarettes 14,283,604 Amount – Tobacco 1,760.06 Kgs 2013 Amount – Cigarettes 2,259.9 Amount – Tobacco 418.18 Kgs These figures include seizures by both...

Written Answers — Department of Finance: Excise Duties Collection (13 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that prior to the increases announced in Budget 2013, there had not been an increase in the rate of alcohol products tax on cider since January 2002. In addition, with effect from 15 October 2008, a reduced rate of tax was introduced for cider of a strength not exceeding 2.8% alcohol by volume. Cider benefited also from the general reduction in the...

Written Answers — Department of Finance: Tax Code (13 Mar 2013)

Michael Noonan: The position is, as I stated in my Budget day speech of 5 December 2012, that from the 1st of July 2013, Maternity Benefit will be treated as taxable income. I have no plans to reverse this decision.

Written Answers — Department of Finance: Tax Code (13 Mar 2013)

Michael Noonan: I previously informed the House in reply to PQ No. 4851 on 31 January 2013 that the Revenue Commissioners had confirmed that some taxpayers will receive their Local Property Tax (LPT) letter electronically via the Revenue Online Service (ROS). I am informed by the Revenue Commissioners that this applies to approximately 60,000 ROS customers. The taxpayers involved have registered with ROS...

Written Answers — Department of Finance: Government Bonds (13 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 63 and 64 together. As previously advised to the Deputy, the Irish Government fully understands the need for the ECB to ensure it is operating within its mandate. As the Central Bank of Ireland outlined, the bonds will be placed in the Central Bank’s trading portfolio and will be sold, provided that conditions of financial stability permit. The...

Written Answers — Department of Finance: Tax Code (13 Mar 2013)

Michael Noonan: As I stated in my reply to a parliamentary question from Deputy Grealish yesterday (12 March 2013), the Inter-departmental group, chaired by Dr Don Thornhill to consider the design of a property tax (the “Thornhill Group”), recommended that the Local Property Tax (LPT) paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a...

Written Answers — Department of Finance: Tax Code (13 Mar 2013)

Michael Noonan: In structuring the local property tax (LPT) consideration was given to household incomes, as I will outline in my reply. At present I am not considering other ways of taking into account household income when calculating an individual’s liability to LPT. The Inter-departmental group, chaired by Dr Don Thornhill to consider the design of a property tax (the “Thornhill...

Written Answers — Department of Finance: Property Taxation Collection (13 Mar 2013)

Michael Noonan: Work carried out by researchers in the Economic and Social Research Institute (ESRI) before the introduction of the Local Property Tax concluded that a property tax at a rate of 0.4% would result in a small increase in the user cost of housing, thereby putting some downward pressure on housing demand. The Local Property Tax rate of 0.18% (for houses up to €1m in value) is less than...