Results 17,701-17,720 of 27,019 for speaker:Michael Noonan

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: Deputies are not prepared to have a proper Committee Stage.

Written Answers — Department of Finance: Tribunals of Inquiry Reports (5 Mar 2013)

Michael Noonan: In response to the Deputy’s question I have considered the provision of tax relief for donations to political parties and have decided against introducing such relief. The Electoral ( Amendment ) ( Political Funding ) Act 2012 provided for changes to the Electoral Act, 1997 and imposed new limits for donations. Donations to individual s exceeding €600 must be declared and...

Written Answers — Department of Finance: Property Taxation Exemptions (5 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a person living in social housing, who is not residing there on foot of a long-term lease or an exclusive right of residence, will not be liable for the charge to LPT and that the liability will fall on the owner of the residential property, which, in the circumstances described by the Deputy would generally be a local authority or a housing...

Written Answers — Department of Finance: Illicit Trade in Tobacco (5 Mar 2013)

Michael Noonan: This is a matter that comes primarily within the remit of the Revenue Commissioners who are responsible for tackling the illicit trade in cigarettes and tobacco products. I am aware that Revenue attaches a high priority to combating tobacco smuggling and the illegal sale of tobacco products and has adopted a comprehensive strategy, underpinned by annual action plans, in this regard....

Written Answers — Department of Finance: Property Taxation Exemptions (5 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to give a definitive reply based on the information provided by the Deputy. While there is no specific exemption from the Local Property Tax (LPT) for houses built for wheelchair users, the Finance (Local Property Tax) (Amendment) Bill 2013 contains certain provisions that, if enacted, may be relevant, depending on the...

Written Answers — Department of Finance: Illicit Trade in Tobacco (5 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for collecting tobacco products tax and mineral oil tax and for tackling the illicit trade in tobacco and oil products, that they are conscious of the threat that this criminal activity poses to legitimate businesses and to the Exchequer. Combating this criminality is, therefore, a key priority for them. Revenue employs a...

Written Answers — Department of Finance: Bond Redemption (5 Mar 2013)

Michael Noonan: A recent ECB statement published details in relation to their securities holdings acquired under the Securities Markets Programme (SMP). This reports nominal SMP Irish bond holdings of €14.2bn at 31 December 2012, valued by the ECB on an amortised cost basis at €13.6bn. However, a detailed breakdown of the particular bonds, and thus their coupons or maturity dates or the dates...

Written Answers — Department of Finance: Tax Forms (5 Mar 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that P21s (PAYE Balancing Statements) for 2010 and 2011 issued to the person concerned on 28 February and 25 February 2013 respectively.

Written Answers — Department of Finance: Banking Sector Redundancies (5 Mar 2013)

Michael Noonan: As the Deputy is aware, the legislation surrounding liquidation ranks employees as preferential creditors in respect of certain amounts owing to them on a winding up, including accrued wages and salaries, holiday pay, sick pay, statutory redundancy, pensions contributions and claims for damages arising from accidents. There are standard rules which apply to the distribution of the assets of...

Written Answers — Department of Finance: Tax Reliefs (5 Mar 2013)

Michael Noonan: In Budget 2013, I announced that changes to the maximum allowable pension fund at retirement for tax purposes (the Standard Fund Threshold - SFT) and other possible changes to give effect to the commitment in the Programme for Government to cap taxpayers’ subsidies for pension schemes which deliver pension income of more than €60,000 will be put in place in 2014. The existing...

Written Answers — Department of Finance: IBRC Liquidation (5 Mar 2013)

Michael Noonan: I have been advised by the special liquidators that letters have been sent to all residential mortgage holders to notify them that normal mortgage payment services will resume in time for the next scheduled Mortgage Loan payment in March 2013. The letter also notifies the mortgage holders that they have until 30 April 2013 to make payment of the missed February 2013 payment that was not...

Written Answers — Department of Finance: Economic Statistics (5 Mar 2013)

Michael Noonan: The forecasts produced by my Department in early December, as part of the Budget 2013, anticipate further modest GDP growth this year. These forecasts were predicated on a number of technical assumptions, which were outlined at the time. Regarding the euro-sterling exchange rate, the technical assumption (which is a standard international approach) was that the rate would remain unchanged...

Written Answers — Department of Finance: Tobacco Control Measures (5 Mar 2013)

Michael Noonan: The requirements in relation to cigarette packaging are a matter for my colleague the Minister for Health, who has indicated that he is supportive of any international developments in relation to plain or standardised packaging for cigarettes. I am advised by the Revenue Commissioners that their view at this stage is that the introduction of plain or standardised packaging would be unlikely...

Written Answers — Department of Finance: Hidden Economy Monitoring Group Remit (5 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the Hidden Economy Monitoring Group (HEMG) was set up in 1990 at the request of the Central Review Committee of the Programme for National Recovery. Chaired by Revenue, it is a multilateral Group comprising of representatives of IBEC, SFA, CIF, ICTU and SIPTU, Government agencies, Department of Social Protection, Department of Jobs Enterprise...

Written Answers — Department of Finance: Tax Code (5 Mar 2013)

Michael Noonan: In the absence of sight of the documents pertaining to a case and, in particular, sight of the Statement of Claim and sight of the out of court settlement agreement, it is possible to reply only in general terms. Subject to this, in general, lump sums received as compensation for personal injuries are not liable to income tax. In addition Section 613(1)(c) of the Taxes Consolidation Act 1997...

Written Answers — Department of Finance: Property Taxation Exemptions (5 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date, which for 2013 will be 1 May 2013 and for subsequent years will be 1 November in the preceding year. Section 7 of the Act provides that local authorities will be liable to...

Written Answers — Department of Finance: State Savings Scheme (5 Mar 2013)

Michael Noonan: The National Solidarity Bonds consist of two elements. On maturity, the bonds attract a lump sum payment that does not form part of income as estimated in accordance with the Tax Acts and is, therefore, exempt from income tax and universal social charge and from the charge of PRSI. Annually, a payment of interest is made to the bondholder and deposit interest retention tax (DIRT) is...

Written Answers — Department of Finance: Tax Rebates (5 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that, in the year 2012, Relevant Contracts Tax (RCT) of €28,730.27 was deducted from relevant payments made to the person in question and remitted to Revenue. As requested by his agent, a total of €23,332.47 of this has been offset against other liabilities, as follows: - VAT liabilities of €7,167.00 for the year 2011; - VAT...

Written Answers — Department of Finance: Tax Reliefs (5 Mar 2013)

Michael Noonan: The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget was, initially, confined to licensed and tax compliant hauliers. However having received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them, as the Deputy will now be aware I have extended the relief to the...

Written Answers — Department of Finance: Banking Sector Regulation (5 Mar 2013)

Michael Noonan: Ireland generally supports greater transparency and has made significant efforts since the banking crisis to promote transparency and openness in the banking sector. As President of the Council of the EU, Ireland has worked with other Member States to provide in the Capital Requirements Directive and Regulation (CRD IV/CRR) for appropriate levels of transparency. The text provisionally...