Results 22,361-22,380 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jan 2016)

Michael Noonan: I am advised by Revenue that a repayment will issue to the person concerned for years up to 2014 in the next week. A form on which to make a claim for 2015 has been sent to the person concerned and this will be processed when received by Revenue.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (28 Jan 2016)

Michael Noonan: My Department expects to make the first tranche of payments of the Disabled Drivers and Disabled Passengers Fuel Grant shortly in respect of applications made in the first three weeks of January 2016. My Department then expects to make payments every two weeks from the week beginning 1 February 2016. Many beneficiaries of the Fuel Grant will have applied online on 1...

Written Answers — Department of Finance: Insurance Costs (28 Jan 2016)

Michael Noonan: The provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies and is based on an assessment of the risks they are willing to accept and adequate provisioning to meet those risks. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: Capital Acquisitions Tax (CAT) is the overall title for gift and inheritance tax. For the purposes of CAT, the relationship between the person who provides the gift or inheritance (i.e. the disponer) and the person who receives the gift or inheritance (i.e. the beneficiary), determines the maximum life-time tax-free threshold known as the "Group threshold" below which gift or inheritance tax...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: I am not clear what arrangement the Question is referring to. The residence of a company is set down in statute and therefore no arrangement would be permitted in relation to any company. The Finance Bill 2014 amended the company residence rules such that from 01 January 2015 any company incorporated in the State will be Irish tax resident. This amendment brought Ireland's...

Written Answers — Department of Finance: Property Tax Administration (28 Jan 2016)

Michael Noonan: I propose to take Questions Nos. 68 and 69 together. The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house is subject to LPT. The current valuation period is 1 May 2013 to 31 October 2019. The period was recently extended from 31 October 2016 on foot of legislative amendment (Finance...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: In Budget 2014 I announced that in conjunction with the Marine Co-ordination Group, a review of the financial and taxation supports available to the Marine Sector would be carried out to examine strategic measures that could be introduced to help Ireland as an island nation to fulfil its potential in the marine area. Phase 1 of this review involved an examination of the taxation supports...

Written Answers — Department of Finance: Fuel Rebate Scheme (28 Jan 2016)

Michael Noonan: I am advised by Revenue that the car details for the person concerned have been updated. The person concerned can now proceed to make a claim for the Fuel Grant.

Written Answers — Department of Finance: Departmental Funding (28 Jan 2016)

Michael Noonan: In response to the Deputy's question, the Minister for Public Expenditure and Reform, Mr Brendan Howlin, T.D., announced the Government's Capital Plan on 29 September 2015 which outlined Exchequer capital spending of €27 billion over the next six years. My Department does not have responsibility for allocating capital funding. However, as the Deputy will be aware, a range of projects...

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: Under Section 257 of the Taxes Consolidation Act 1997 all deposit takers are obliged to deduct Deposit Interest Retention Tax (DIRT) from payments of interest made to an account unless the account qualifies as an exempt account. There is no specific exemption in the case of interest paid on deposit accounts held by children. Such a provision could be difficult and costly to administer, from...

Written Answers — Department of Finance: Tax Data (28 Jan 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the amounts raised under Mineral Oil Tax (Excise), Carbon Tax, Value Added Tax and Vehicle Registration Tax is as outlined below. VAT amounts are estimated as these figures are not recorded separately, and the 2015 data are provisional and subject to revision. Year - Petrol €m Diesel €m Auto LPG €m 2013 Excise 850.30...

Written Answers — Department of Finance: EU Budget Contribution (28 Jan 2016)

Michael Noonan: EU Budget payments are published annually by the Department of Finance in the Budget Statistics bulletin. The latest edition from October 2015 contains this data up to 2014. Member State contributions to the EU Budget are based upon a complex formula which includes Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in...

Written Answers — Department of Finance: European Investment Bank Loans (28 Jan 2016)

Michael Noonan: The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its mission is to help implement the EU's policy objectives by providing financing to projects that address these objectives. The EIB may lend to lend to Governments, public sector bodies, commercial semi-state bodies or private sector entities. The Deputy will find below a table with a...

Written Answers — Department of Finance: Tax Data (28 Jan 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the betting duty paid in 2015 and the estimated betting duty for 2016 is as follows: Betting Receipts Traditional Online Commission Total Year €m €m €m €m 2015 (Prov) 27.8 3.0* 0.3* 31.1 2016 (Est) 31.6 18.5 1.8 52.0* The Betting (Amendment) Act 2015 came into effect on 1stAugust 2015 providing for the...

Written Answers — Department of Finance: Tax Data (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' Statistics webpage: . In relation to the Deputy's specific question, the latest information on the cost and numbers benefiting from tax relief under Section 848A of the Taxes Consolidation Act, 1997, which provides for a scheme of tax relief on donations to approved bodies...

Written Answers — Department of Finance: Revenue Commissioners Investigations (28 Jan 2016)

Michael Noonan: I am advised by the Revenue Commissioners that payments of the kind referred to by the Deputy are made only in certain defined and limited circumstances. The approval of such a payment by Revenue is conditional on the provision of new and/or significant information which results in a substantial recovery of taxes and/or duties, controlled drugs and/or prohibited goods. I understand that no...

Written Answers — Department of Finance: State Claims Agency (28 Jan 2016)

Michael Noonan: The National Treasury Management Agency (NTMA) has advised that it employs 30 solicitors and 3 barristers that are assigned to its State Claims Agency (SCA) function. 16 solicitors are employed as clinical claims managers, being specialists in the management of clinical negligence claims, whilst 11 solicitors are employed as in-house litigation managers. Two solicitors are...

Written Answers — Department of Finance: Banking Sector Data (28 Jan 2016)

Michael Noonan: Since 2011 a number of banks have ceased operating in Ireland or have been merged into another institution (Anglo Irish Bank, Irish National Building Society, ACC, Bank of Ireland Scotland, Postbank, EBS and First Active). That said, a number of new entities have also become regulated providers of financial services in that time. My Department has the following data available in...

Written Answers — Department of Finance: Revenue Documents Issuance (28 Jan 2016)

Michael Noonan: I am advised by Revenue that the total number and value of certificates issued to Sheriffs and the amount of tax/interest collected in each of the years 2013 to 2015 is set out in the table below. Year No. of certificates Value €million Tax/Interest collected €million 2013 28,795 €312 €150 2014 30,927 €284 €149 2015 28,477 €242 €143

Written Answers — Department of Finance: Tax Code (28 Jan 2016)

Michael Noonan: I have no plans to introduce a specific allowance for capital acquisitions tax (CAT) purposes in respect of the inheritance of the family home. It is already the case that an individual or individuals who are gifted or inherit the residence which is their home can, subject to conditions, be completely exempt from CAT in respect of that gift or inheritance. Otherwise, the values of assets...