Results 17,581-17,600 of 27,019 for speaker:Michael Noonan
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: No. In 2012 it was €2,250, in 2013 it will be €2,500, in 2014 it will be €2,750 and in 2015 it will be €3,000.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: This is the annual Finance Bill. I have been asked, on the basis of this increase for 2013 of €250, not to include it in the disregard. That is the proposal. By not including it in the disregard the family with one student gains €50. That is the point that I am making.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I cannot give tax relief for expenses that have not occurred yet. The proposal that was made to me, by way of amendment, is to give the tax relief for the additionality which is the €250. So if tax relief is at the standard then that means €50. I do not see what all the fuss is about and why such a big case has been made for it. Again, the measure does not apply to people on...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Yes.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Yes. Otherwise what would be given to the third level sector I would claw back if gave the relief. When the sum is at the level of €50 I do not think that it will influence behavioural patterns. That is not to say the totality of going to college does not cost a lot of money but I am focusing on the proposal.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: The policy is being driven by the Department of Education and Skills. The registration fee, which has been renamed the student contribution fee, was €2,000 in 2011 and in 2012 it increased to €2,250. The Minister signalled it will increase to €2,500, €2750 and €3,000 in 2013, 2014 and 2015 respectively. As part of the original arrangement, because the...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Deputy Boyd Barrett has been lulled into a false sense of security because Government policies are working and have taken a disastrous, catastrophic situation and introduced stability. The introduction of stability and the fact that things are moving in the right direction means that Deputy Boyd Barrett thinks we are out of the catastrophic crisis. We are not; we are still working our way...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: As Minister for Finance, I am confirming the policy established two years ago to match the disregard to the student contribution. As the student contribution increases, I will continue to match the disregard and I will not change policy for the reasons outlined.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I move amendment No. 8: In page 13, before section 9, to insert the following new section: 9.—Section 244 of the Principal Act is amended by inserting the following after subsection (6): “(7) This subsection shall apply to a loan taken out and used by an individual–– (a) on or after 1 January 2012 and on or before 31 December 2012 solely for the purpose of...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I appreciate that Deputies are genuinely concerned about this and are expressing their points very well and sympathetically but they are not presenting the full case. Deputies McGrath and Doherty are presenting this as a cut of €107 a week on somebody's income but they omit the fact that maternity benefit is increasing income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: May I make my point?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: It is a cut on a higher income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: The Deputy should wait until I develop the point. I did not interrupt him. If we take the example of someone in the public service, a civil servant, a schoolteacher or a nurse-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If Deputy McGrath wants to speak I will reply when he does.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If somebody like a civil servant or a schoolteacher goes on maternity leave she gets the benefit and her full wages. She is liable to whatever tax applies on her full wages and at the standard rate or the marginal rate on maternity benefit. She still has more income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: She still has more income. The person in the private sector if the employer-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If the employer is not paying it will vary from case to case, as I have said already. The Deputies are not allowing for the fact that the person's tax credits are not being used up if she is out of work for a significant part of the year and that has to be taken into account in the calculations.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I will read the speaking note on the section in order that we establish our base. I will then try to deal with the individual queries raised. Employees paying full PRSI, including civil and public servants appointed after 1995, are entitled under the Social Welfare Acts to maternity benefit payments payable by the Department of Social Protection. These benefits consist of the following...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: It is a full review of all aspects of the research and development regime. This particular proposal is a modest measure with no costs to the Exchequer. Its purpose is to remove a barrier which prevented small businesses from accessing the key employee relief. Given that there is no additional cost to the Exchequer it does not make sense to wait a further year until data is available when...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Yes.