Results 18,521-18,540 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: In accordance with Section 11 of the Finance (Local Property Tax) Act 2012, local authorities will be liable to pay the Local Property Tax (‘LPT’). I am informed by the Revenue Commissioners that they are liaising with the Department of the Environment, Community and Local Government on the mechanisms by which local authorities will pay the tax due. Local authority owned...

Written Answers — Department of Finance: Credit Unions Regulation (16 Jan 2013)

Michael Noonan: The Credit Union and Co-operation with Overseas Regulators Act 2012 was signed into law by the President on 19 December 2012 and its provisions in relation to restructuring and stabilisation have been commenced. The Act implements over 60 of the recommendations of the Final Report of the Commission on Credit Unions, which was agreed over a nine-month period by all Commission members,...

Written Answers — Department of Finance: Tax Reliefs (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 122, 123 and 125 together. Details of all successful applicants under the artists’ exemption scheme, including authors of non-fiction writing, are published on the Revenue Commissioners website at http://www.revenue.ie/en/tax/it/bodies-qualify-for-tax-relie f.html . The list is updated quarterly. The following statistics in relation to the...

Written Answers — Department of Finance: Tax Reliefs (16 Jan 2013)

Michael Noonan: Section 195 of the Taxes Consolidation Act 1997 provides for an exemption from income tax for qualifying artistic works of up to €40,000 per annum. The exemption is subject to the high earners’ restriction, which limits the amount of specified tax reliefs that can be allowed in any one tax year. The guidelines which govern the exemption are drawn up by the Arts Council and the...

Written Answers — Department of Finance: Mortgage Interest Relief (16 Jan 2013)

Michael Noonan: This is a matter for the Revenue Commissioners who are responsible for the administration of mortgage interest relief through the tax relief at source [TRS] system. I am informed by Revenue that applicant details are not maintained on a county basis as requested. However, the table below provides the number of applicants that applied for mortgage interest relief on the purchase of homes in...

Written Answers — Department of Finance: Vehicle Registration Numbers (16 Jan 2013)

Michael Noonan: Registration numbers are assigned under section 131(5) of the Finance Act 1992. The registration number assigned at the time of first registration in the State remains assigned to that vehicle and must be displayed at all times until the vehicle is scrapped, destroyed or sent permanently out of the State. I have no plans at present to change the legislation in that regard.

Written Answers — Department of Finance: Vehicle Registration Numbers (16 Jan 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they are planning to review the local authority index mark element of the vehicle registration number format during 2013.

Written Answers — Department of Finance: Betting Legislation (16 Jan 2013)

Michael Noonan: The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that business is based. The existing betting duty (1%) will be applied to such...

Written Answers — Department of Finance: Consumer Protection (16 Jan 2013)

Michael Noonan: I have been advised by the Central Bank that Chapter 10 of the Central Bank’s Consumer Protection Code 2012 outlines the requirements that a regulated entity must adhere to regarding errors and complaints resolution. However, it should be noted that these requirements apply to the regulated activities of regulated firms operating in the State. In the context of an AVC pension fund,...

Written Answers — Department of Finance: Liquor Licensing Laws (16 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that there are a total of three categories of Off Licence, which supermarkets may hold. These categories are “Wine Retailer’s Off Licence”, “Spirit Retailer’s Off Licence” and “Beer Retailer’s Off Licence”. A supermarket may hold a combination of one, two or all three of these licenses. ...

Written Answers — Department of Finance: Carbon Tax (16 Jan 2013)

Michael Noonan: Section 78 Finance Act 2010, which provides for the taxation of solid fuel, does not differentiate between smokeless and non-smokeless coal; the rate of tax applied to solid fuel, including coal, is proportionate to the emissions of carbon dioxide from the combustion of the fuel.

Written Answers — Department of Finance: Mortgage Arrears (16 Jan 2013)

Michael Noonan: I have been informed by the financial institution whose details were supplied that any residential mortgage holder whose mortgage was part of the transaction referred to in the question will retain all their existing rights under the mortgage arrears protection scheme.

Written Answers — Department of Finance: Excise Duties (16 Jan 2013)

Michael Noonan: As I am sure the Deputy is aware there has been no general increase in the tax on alcohol products since 1994. Prior to Budget 2013 there were no increases on Beer since 1994. Excise on cider was increased in Budget 2002 to bring it into line with the rate for beer. Excise on spirits was increased the following year, and this increase was also applied to spirits-based alcopops. Excise on...

Written Answers — Department of Finance: Promissory Notes (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 141, 152, 153 and 189 together. As the Deputies are aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt with our European partners and detailed work will continue to ensure that positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer. The on-going discussions are considering...

Written Answers — Department of Finance: Banks Recapitalisation (16 Jan 2013)

Michael Noonan: The European Council in October reaffirmed that “the Eurogroup will draw up the exact operational criteria that will guide direct bank recapitalisations by the European Stability Mechanism (ESM), in full respect of the 29 June 2012 euro area Summit statement. It is imperative to break the vicious circle between banks and sovereigns.” As the Deputy will be aware, the Taoiseach...

Written Answers — Department of Finance: Job Creation (16 Jan 2013)

Michael Noonan: Any matters relating to the jobs initiative are dealt with by my colleague the Minister for Jobs, Enterprise and Innovation, Mr Richard Bruton, TD.

Written Answers — Department of Finance: Prize Bonds (16 Jan 2013)

Michael Noonan: Prize Bonds are one of the range of State Savings products offered by the National Treasury Management Agency (NTMA). The total value of prize bonds outstanding at the end of December 2010, 2011 and 2012 was €1,328 million, €1,448 million and €1,648 and the value of prizes awarded each year was €36 million, €42 million and €46 million. Consistent...

Written Answers — Department of Finance: Universal Social Charge (16 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that there appears to be no record of any contact from the person in question either by phone or correspondence in relation to this issue. However, I can confirm the following in relation to the Universal Social Charge (USC) liabilities of the person. Prior to 2013, the maximum rate of USC payable by individuals aged 70 years or over was 4%,...

Written Answers — Department of Finance: Public Interest Director Responsibilities (16 Jan 2013)

Michael Noonan: As I have stated many times before, the primary duty and responsibility of the public interest directors as well as all the other directors is to ensure that the institution on whose board they serve is run properly and appropriately. The responsibility of public interest directors under company law is to the institution on whose board they serve. The legal position is that any director...

Written Answers — Department of Finance: Fuel Prices (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 149 and 163 together. Ireland, as with other countries, has experienced an increase in fuel prices. This increase is an international phenomenon. Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The rise in oil prices over recent periods reflected...