Results 21,221-21,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Personal Insolvency Practitioners (13 Oct 2015)

Michael Noonan: I have been advised by the Revenue Commissioners that a Personal Insolvency Practitioner (PIP) will be involved in the Debt Settlement Arrangements and Personal Insolvency Arrangements as provided for in the Personal Insolvency Act 2012. The fees charged by a PIP in connection these services are liable to VAT at the standard rate, currently 23% (section 46 Value-Added Tax Consolidation Act...

Written Answers — Department of Finance: Foreign Earnings Deduction (13 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a person in the circumstances outlined by the Deputy could potentially benefit from the Foreign Earnings Deduction Scheme, as provided for in section 823A of the Taxes Consolidation Act 1997, provided all relevant conditions are met.

Written Answers — Department of Finance: Small and Medium Enterprises Debt (13 Oct 2015)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) launched its first product programme on the 19th February 2015 and lending commenced on the 9th March 2015 through two On-Lending Partners, Bank of Ireland and Allied Irish Bank Plc.  An initial sum of €400m has been allocated between Bank of Ireland and AIB for lending to SMEs. The SBCI provides the same low cost pricing of...

Written Answers — Department of Finance: Tax Exemptions (13 Oct 2015)

Michael Noonan: Regulation 12 of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994) provides that a qualifying organisation may, under the conditions contained therein, receive remission or repayment of Vehicle Registration Tax (VRT) and VAT. Regulation (2)(1) of S.I. 353 of 1994 provides that a qualifying organisation means a philanthropic...

Written Answers — Department of Finance: Tax Data (13 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 70 to 72, inclusive, together. I am informed by the Revenue Commissioners that a Pre-Budget 2016 Ready Reckoner is available on the Revenue Statistics webpage at . This Ready Reckoner shows a wide range of information including the number and percentage of income earners who pay tax at the lower and higher income tax rates as well as those who are exempt....

Written Answers — Department of Finance: Tax Reliefs Application (14 Oct 2015)

Michael Noonan: Following an economic impact assessment of the film relief, published in December 2012, and in line with the Programme for Government commitment to 'reduce, cap or eliminate income tax reliefs that benefit high income individuals', I made a number of changes to the film tax relief scheme. Primarily, these changes amended the scheme so that instead of providing for tax relief at an...

Written Answers — Department of Finance: Tax Code (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that employers may reimburse, tax-free to office holders and employees, the expenses of travel, and subsistence relating to that travel, subject to certain conditions being fulfilled. The principal conditions are that: - the office holder or employee must be temporarily away from his/her normal place of work in the performance of the duties of his/her...

Written Answers — Department of Finance: Tobacco Smuggling (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of persons prosecuted in respect of cigarette and tobacco smuggling, arising from detections made by Revenue officers at Dublin Airport, was 40 in 2014 and 23 in the period from 1 January to 9 October 2015.  Successful convictions were obtained in 39 cases in 2014 and 22 to date in 2015.  There are 25 prosecution cases...

Written Answers — Department of Finance: Income Data (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that Revenue's Statistics webpage () has extensive details on the distribution of incomes in Ireland. In particular, linked from the webpage and hosted by the CSO at , under the "Income Tax and Corporation Tax Distribution Statistics", the table RVA04  show numbers (and percentages) of cases by income range for Income Tax  and Universal...

Proceeds of Sale of Aer Lingus: Motion (20 Oct 2015)

Michael Noonan: I move:That Dáil Éireann approves the payment by the Minister for Finance, pursuant to section 46(1) of the National Treasury Management Agency (Amendment) Act 2014, from the Central Fund to the Ireland Strategic Investment Fund of €335,272,562.50 (three-hundred and thirty-five million, two-hundred and seventy-two thousand, five-hundred and sixty-two euro and fifty cent)...

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Michael Noonan: I move amendment No. 1:To delete all words after “Dáil Éireann” and substitute the following:"notes that:— the Project Eagle loan sale was executed in an entirely proper manner; — attempts to conflate the National Asset Management Agency's open market loan sales process with allegations of wrongdoing on the buyer side of this transaction are entirely...

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Michael Noonan: -----in the disastrous management of the affairs of the State, which fully explains the reason nominal values crashed and actual values are a small percentage of nominal values. That is a measure of the disaster. It is not proof of anything except that it crashed the economy.

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Michael Noonan: It is the argument made by Deputy McGrath's colleagues.

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Michael Noonan: It is the argument made by the Deputy's colleagues. I am very surprised because of the various disasters over which the previous Government presided. Brian Lenihan did his best. He brought NAMA in and made sure it was designed in a fashion which prevented political interference, and I will continue doing that.

Written Answers — Department of Finance: Tax Rebates (20 Oct 2015)

Michael Noonan: StartUp Refunds for Entrepreneurs (SURE) provides for a refund of income tax paid in previous years by an employee, an unemployed person or an individual who has been made redundant recently and starts their own qualifying business. A dedicated website contains a wealth of information on the scheme and an easy to use online calculator, which allows entrepreneurs to input their details in...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (20 Oct 2015)

Michael Noonan: The Disabled Drivers Medical Board of Appeal have informed me that the person concerned will be seen by the Board on 28 January 2016. Regulation 6(1)(e) of the Disabled Drivers and Disabled Passengers (Tax Concession) Regulations 1994 (S.I. 353 of 1994) mandates that the Medical Board of Appeal is independent in the exercise of its functions.

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: From the limited details supplied, I am assuming that the individual in this case has an approved minimum retirement fund (AMRF) with the Life Office concerned which she wishes to access on attaining the age of 75 in 2016. An AMRF is essentially a special restricted type of Approved Retirement Fund (ARF), the purpose of which is to ensure that an individual who wishes to avail of an...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: I am informed by  Revenue  that, under the Ireland/United Kingdom Double Taxation Convention, and in common with double taxation agreements generally, a taxing right in respect of income and capital gains from immovable property is given to the Contracting State Ireland or the United Kingdom in which the property is situated.  However, Article 14A of the Convention modifies...

Written Answers — Department of Finance: Mortgage Interest Rates (20 Oct 2015)

Michael Noonan: I have been informed by Permanent TSB that the SVR 'Switch' offering could save variable rate customers up to 80bps and not 1% as the Deputy has stated in the question.  I have also been informed that there is no current deadline to avail of this offer. As outlined in the Invite Letter which was provided to customers the process is as...

Written Answers — Department of Finance: Credit Unions (20 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 244 and 283 together. The Credit Union and Co-operation with Overseas Regulators Act 2012 was signed into law by the President in December 2012. It was agreed at that time that it would be neither practical nor feasible to commence the Act in its entirety in one fell swoop. Following that, an implementation timetable for the 2012 Act was devised...