Results 18,041-18,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Black Economy (19 Feb 2013)

Michael Noonan: As regards representations, it is the policy in my Department that, when any such communication is received, its contents are noted and details circulated to the relevant officials, and to the Revenue Commissioners, as appropriate. A response is then prepared and issued. The Revenue Commissioners are very mindful of the unfair competitive advantage to be gained by those businesses that do...

Written Answers — Department of Finance: Financial Services Ombudsman (19 Feb 2013)

Michael Noonan: The method of calculating the levies which regulated financial services institutions provide to the Office of the Financial Services Ombudsman to carry out its duties are set out in Statutory Instrument Number 506 of 2012. I have been informed by the Office of the Financial Services Ombudsman that the details of the actual amount which each such institution pays is given on the basis that...

Written Answers — Department of Finance: IBRC Staff (19 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 288, 295 and 296 together. 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. The special...

Written Answers — Department of Finance: Excise Duty Reliefs (19 Feb 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, the Deputy will now be aware, having seen the Finance Bill, published...

Written Answers — Department of Finance: IBRC Liquidation (19 Feb 2013)

Michael Noonan: I have been advised that the liquidation of IBRC will not affect disciplinary action being undertaken by the Chartered Accountants Regulatory Board (CARB), in accordance with the Bye-Laws of the Institute of Chartered Accountants in Ireland, in relation to Ernst & Young in respect of their former role as auditors of Anglo Irish Bank. In September 2011 further to a report by the Special...

Written Answers — Department of Finance: Excise Duties Yield (19 Feb 2013)

Michael Noonan: The €1 increase on excise duty on a bottle of wine announced in Budget 2013 is expected to yield €60 million.

Written Answers — Department of Finance: Departmental Correspondence (19 Feb 2013)

Michael Noonan: It is the policy of my Department to publish as much correspondence as possible where the publication of the correspondence is in the public interest and where it is reasonably practicable to do so. For example my Department has released under the Freedom of Information Act 1997 correspondence from the then Minister for Finance to the EU Commissioner on Economic and Monetary Affairs, the...

Written Answers — Department of Finance: IBRC Staff (19 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 293 and 294 together. I am advised by NAMA that as it will not have visibility on the portfolio to be acquired until late August, following the completion of a loans valuation and sales process by the Special Liquidators, it is premature at this stage to comment on the matters raised by the Deputy.

Written Answers — Department of Finance: Financial Services Ombudsman (19 Feb 2013)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties. I have no role in the day to day workings of the office. I have been advised by the Office of the Financial Services Ombudsman that the information requested by the Deputy is retained in confidence by the Office. However, the Financial Services Ombudsman has informed me that...

Written Answers — Department of Finance: Household Charge Collection (14 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 117 and 120 together. I am advised by the Revenue Commissioners that, commencing in March 2013, residential property owners will receive their Local Property Tax (LPT) Return from Revenue together with an LPT booklet, which will provide details of the payment options available to pay the tax. The LPT Return must be submitted and payment details provided...

Written Answers — Department of Finance: Property Taxation Exemptions (14 Feb 2013)

Michael Noonan: I refer the Deputy to my answer to Parliamentary Question No. 291 of 5 February 2013 (6061/13). The Finance (Local Property Tax) Act 2012 sets out in detail how the tax is to be administered and how a residential property is to be valued for LPT purposes. There is no specific exemption from the Local Property Tax for the type of cases outlined in the question from the Deputy. I am...

Written Answers — Department of Finance: Tax Reliefs (14 Feb 2013)

Michael Noonan: Article 4 of Directive 92/83/EEC allows for a lower rate to be applied to beer produced by small breweries. This provision is however specific to beer, and there is no corresponding provision to cover other fermented beverages, including cider. Under EU law (Art 13(2) of Council Directive 92/83/EEC) we are obliged to apply the same rate of excise duty to all other fermented beverages, which...

Written Answers — Department of Finance: Tax Code (14 Feb 2013)

Michael Noonan: Capital gains tax (CGT) is a transaction tax and a liability can only arise following a transaction giving rise to a chargeable gain. Where there is no transaction, there is no tax. Lowering the rate does not guarantee an increase in the number of transactions. The drop in the CGT yield over recent years can be attributed to declining asset values and a reduction in the number of property...

Written Answers — Department of Finance: Pension Provisions (14 Feb 2013)

Michael Noonan: I assume that the question refers to my Budget 2013 speech, when I announced that I would make provision in Finance Bill 2013 for persons making Additional Voluntary Contributions (AVCs) used to supplement their main scheme retirement benefits to withdraw up to 30% of the value of those contributions. Any amounts withdrawn will be subject to tax at the individual’s marginal rate. The...

Written Answers — Department of Finance: Tax Yield (14 Feb 2013)

Michael Noonan: I am informed by the Revenue Commissioners that information in respect of benefits-in-kind arising from payment of medical insurance premia is not captured in such a way as to provide a basis for compiling the information sought by the Deputy. Details of taxable benefits are required to be returned in aggregate form only on the P35 return so it is not possible to separately identify different...

Written Answers — Department of Finance: Tax Rebates (14 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 124, 126 and 153 together. 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,...

Written Answers — Department of Finance: Personal Public Service Numbers (14 Feb 2013)

Michael Noonan: I am informed by Revenue that they have made contact with the National Transport Authority regarding this case. The taxpayer in question is in possession of a valid PPSN as an employee, but is not recorded as being self-employed. This led to some confusion which has now been resolved, and I understand that a renewed licence has issued to the taxpayer.

Written Answers — Department of Finance: Property Taxation Exemptions (14 Feb 2013)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to give a definitive reply based on the information supplied by the Deputy. However, by way of general information, the Finance (Local Property Tax) Act 2012 provides for a number of specific exemptions from the Local Property Tax (LPT) as well as the possibility of deferring the charge in certain cases of inability to pay. ...

Written Answers — Department of Finance: Credit Availability (14 Feb 2013)

Michael Noonan: The pillar banks report to my Department and to the Credit Review Office on credit on a regional basis but this is commercially sensitive information and I am not in a position to release it. The Central Bank does not publish information on credit on a regional basis. In his tenth quarterly report published on 11 February, the Credit Reviewer said “I have observed no geographic...

Written Answers — Department of Finance: IBRC Loans (14 Feb 2013)

Michael Noonan: As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations. At this early stage of the special liquidation Special Liquidators are engaged in intensive processes which involve inter alia, asserting control over the...