Results 22,041-22,060 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (9 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the duty generated to date from the remote sector, including from betting intermediaries, is €3.3 million. As the deputy is aware, this provision only commenced 1 August 2015, and this amount relates to the two months that have been returnable so far.

Written Answers — Department of Finance: Departmental Staff Remuneration (9 Dec 2015)

Michael Noonan: I wish to advise the Deputy that the number of staff within my Department earning over €100,000 in 2014 is as follows: Grade Number Secretary General 1  Second Secretary 1  Assistant Secretary  8  Principal Officer 5  Total 15 All of these salaries are in line with Government pay policy.

Written Answers — Department of Finance: Tax Code (9 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that, from 2013, a taxpayer must self-assess when submitting his or her return of income.  Self-assessment is where a taxpayer makes his or her own assessment to income tax or capital gains tax as appropriate.  Prior to 2013, Revenue raised the assessment based on a person's income or capital gains on the basis of the information entered by...

Written Answers — Department of Finance: NAMA Social Housing Provision (10 Dec 2015)

Michael Noonan: I must first point out to the Deputy that NAMA does not directly deliver housing. In cases where residential development is commercially viable, NAMA funds such development in order that its debtors and receivers can maximise their repayment of debt and deliver a surplus to taxpayers. I am advised that, as part of any NAMA-funded residential development, NAMA debtors and receivers will abide...

Written Answers — Department of Finance: Tax Credits (10 Dec 2015)

Michael Noonan: As the Deputy's question refers to the payment of tax as a self-employed person, it is assumed that the Deputy is interested in the additional cost of increasing the Earned Income Credit (EIC) introduced in Budget 2016, from the €550 to €1,650, the level of the existing PAYE tax credit. The Earned Income Credit is available to taxpayers with active self-employed trading or...

Written Answers — Department of Finance: Tax Data (10 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of instances in which Capital Acquisitions Tax was payable in 2014 was 12,752. Of these, 11,370 were for Inheritance Tax, while the numbers paying other Capital Acquisitions Tax (primarily gift tax and discretionary trust tax) was 1,382. These figures are provisional. General information pertaining to Capital Acquisitions tax net...

Written Answers — Department of Finance: Tax Reliefs Data (10 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that within the tax code there are a significant range of tax reliefs associated with property. All reliefs, including property related reliefs, are a cost to the Exchequer. I propose to provide an analysis of the property reliefs under each Tax and Duty heading. Unless otherwise stated the figures relate to the year 2013. Income Tax/Corporation Tax...

Written Answers — Department of Finance: Tax Rebates (10 Dec 2015)

Michael Noonan: I am informed by Revenue that based on the information available, the person concerned is not due a refund of tax. However Revenue will make arrangements to contact the individual to confirm this information is fully reflective of their circumstances.

Written Answers — Department of Finance: Property Tax Data (10 Dec 2015)

Michael Noonan: I am advised by the Revenue Commissioners that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Specifically, the available LPT information, including amount collected by Local Authority, is available at Updates will be published in due course.

Written Answers — Department of Finance: NAMA Social Housing Provision (10 Dec 2015)

Michael Noonan: I propose to take Questions Nos. 72 and 73 together. The Deputy rightly identifies increased social housing provision as a priority for the Government.  That priority is reflected in the housing package announced recently by Minister Alan Kelly and in the substantial increases in direct Exchequer funding for social housing over the lifetime of this Government.  I welcome the...

Written Answers — Department of Finance: Departmental Staff Rehiring (10 Dec 2015)

Michael Noonan: As the Deputy is aware there is no provision in the legislation to allow for the reinstatement to the Civil Service of a former civil servant other than by way of competition. I wish to advise the Deputy, therefore, that no applications for re-instatement, following retirement on grounds of ill-health, with prior notice, have been granted by my Department since 2004. Where an officer...

Written Answers — Department of Finance: Property Tax Administration (10 Dec 2015)

Michael Noonan: I am advised by Revenue that the person to whom the Deputy refers is not listed as the 'liable person' for the property in question or for any other property in respect of Local Property Tax (LPT). Revenue has also confirmed to me that the person was never issued with any correspondence or compliance/payment notifications in regard to LPT. It may be that the person misunderstood a general...

Written Answers — Department of Finance: National Treasury Management Agency Remuneration (10 Dec 2015)

Michael Noonan: I propose to take Questions Nos. 76 and 77 together. The National Treasury Management Agency has now advised me that they made an additional retention payment of €10,000 which they had erroneously classified as a contract completion payment and was omitted from their response to PQ 94 of 3 December 2015. This means that performance-related payments...

Written Answers — Department of Finance: Banking Sector Remuneration (10 Dec 2015)

Michael Noonan: The Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) per individual and no form of bonus remuneration, whether performance based or retention, is allowed.  Officials in my Department have asked each of the banks to...

Written Answers — Department of Finance: Banking Sector Remuneration (10 Dec 2015)

Michael Noonan: This Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) and no form of remuneration with any variable pay component(s), whether performance based or otherwise or bonus payments are awarded or paid. Since July 2011 Permanent TSB has...

Written Answers — Department of Finance: State Banking Sector (10 Dec 2015)

Michael Noonan: As requested by the Deputy, the current valuation of the State's remaining investments in the banks is set out in the following table:  Bank/investment €bn Source of valuation AIB - Equity/preference shares €13.4bn Equity valuation of €11.7bn as agreed between the Minister and AIB as part of the bank's capital reorganisation. In addition, the valuation...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

Michael Noonan: I thank the Senator for his comments. I advise him that there are no active cases in the European court that would result in any additional tax being paid to the Irish Exchequer. The issue at the heart of the recommendation is the application and use of non-cyclical tax receipts. Ireland is bound by EU fiscal rules and from 2016 our compliance will be assessed under the preventive arm of...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

Michael Noonan: The debate the Senator has initiated is very important and I am not criticising him in any way for asking the questions. That is what we should do in the Dáil and Seanad. That is why I am giving him as much information as I can, well beyond my briefing notes. Approximately €7 billion will be collected in corporation tax this year. That is approximately €3 billion more...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

Michael Noonan: Sinn Féin skipped one year. It got nervous and pulled back. There was no wealth tax proposal two years ago.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

Michael Noonan: I thank the Senator for his contribution, but I do not propose to accept the recommendation. The Government has no plans to introduce a wealth tax, although all taxes and potential taxation options are, of course, constantly reviewed. Wealth can be taxed in a variety of ways, some of which are already in place in Ireland. Capital gains tax, CGT, and capital acquisitions tax, CAT, for...