Results 22,861-22,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (19 May 2016)

Michael Noonan: As set out in "A Programme for a Partnership Government" it is our intention, working with the Oireachtas, to increase the Small Benefits Exemption (voucher) from €500 to €650. The Deputy will be aware that taxation changes of this nature are normally progressed via the annual Budget and Finance Bill cycle.

Written Answers — Department of Finance: National Treasury Management Agency Reports (19 May 2016)

Michael Noonan: I can advise the Deputy that I have been informed by the National Treasury Management Agency that the Annual Report and Audited Accounts of the Agency will be provided to me by end-June and it is intended that these would be published in July. Subsequent to the Annual Report and Audited Accounts being provided to me, I will bring these reports to Government and, consequent to Government...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (19 May 2016)

Michael Noonan: The Ireland Strategic Investment Fund's (ISIF) investment holdings in fossil fuel companies are among the legacy global investments inherited from its predecessor fund, the National Pensions Reserve Fund (NPRF).  In keeping with the ISIF's mandate to hold or invest its assets (other than directed investments) on a commercial basis in a manner designed to support economic activity and...

Written Answers — Department of Finance: Tax Collection (19 May 2016)

Michael Noonan: I am advised by Revenue that there have been discussions with the person concerned since November 2014 but no proposal to address the tax debt in question was made to Revenue. As a result Revenue was left with no alternative but to advise the person earlier this month that enforcement proceedings to collect the debt would be taken. As a final opportunity to deal with this matter before...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (19 May 2016)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, and exemption from motor tax in respect of that vehicle, and support with fuel costs. To qualify for the scheme, an applicant...

Written Answers — Department of Finance: Rural Transport Programme (24 May 2016)

Michael Noonan: In terms of VAT, rural public transport is promoted in a number of respects. The transport of passengers and their accompanying baggage is exempt from VAT in Ireland under an historic derogation, while in the majority of other EU Member States VAT is charged on public transport. In this respect, rural public transport services are exempt from VAT, where VAT is not charged on the transport....

Written Answers — Department of Finance: Stamp Duty (24 May 2016)

Michael Noonan: The Property Price Register and the Commercial Lease Register are published on the website operated by the Property Service Regulatory Authority (PSRA). I am advised by Revenue that in line with the provisions of the Stamp Duty Consolidation Act, 1999 they supply data to the PSRA on a weekly basis, from the e-stamping system, to populate these registers. The e-stamping system is in operation...

Written Answers — Department of Finance: Credit Union Data (24 May 2016)

Michael Noonan: I am advised by the Revenue Commissioners that credit unions that are registered, or deemed to be registered, under the Credit Union Act 1997 are exempt from Corporation Tax by virtue of section 219A of the Taxes Consolidation Act 1997. Credit unions are not-for-profit member owned financial co-operatives funded primarily by member deposits and existing to attain the economic...

Written Answers — Department of Finance: Tax Yield (24 May 2016)

Michael Noonan: I am advised by Revenue that the Mineral Oil Tax, Carbon Tax and VAT collected on petrol and auto diesel for the year 2015 is contained in the following table: Petrol Mineral Oil Tax Carbon VAT Total €m €m €m €m 2015 767.9 62.3 364.1 1,194.3 Auto Diesel Mineral Oil Tax Carbon VAT Total €m €m €m €m 2015 1,307.8 158.1 73.6 1,539.5...

Written Answers — Department of Finance: Tax Yield (24 May 2016)

Michael Noonan: I am advised by Revenue that the VRT paid and estimated VAT in respect of both new and used private motor vehicles in 2015 is contained in the following table: Vehicle Class 2015 Cars Gross Registrations 121,829 VRT € m 389.2 VAT(Est) € m 298.6 Car Derived Vans Gross Registrations 2,030 VRT € m 6.9 VAT(Est) € m 3.6 Motor Cycles Gross Registrations...

Written Answers — Department of Finance: Property Tax Exemptions (24 May 2016)

Michael Noonan: The legislation governing the administration of Local Property Tax (LPT) provides for a limited number of exemptions from LPT. There is no specific exemption for properties affected by Mica and there are no plans to introduce such an exemption. Contrary to the assertion in the Deputy's question, the previous Government did not indicate that such properties were exempt from LPT. LPT...

Written Answers — Department of Finance: State Banking Sector (24 May 2016)

Michael Noonan: The programme for partnership Government document states that we will "not sell more than 25% of any bank before the end of 2018 (plus any small additional shareholding required by the under-writer to complete the sales process)." The provision is an acknowledgement that we intend to exit these investments in a measured and careful manner. The provision refers to 25% of total shares...

Written Answers — Department of Finance: Private Bus Operators (24 May 2016)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT in Ireland under paragraph 14(3) of Schedule 1 to the VAT Consolidation Act 2010. Therefore, the services of private bus transport operators are exempt from VAT. Persons whose services are exempt from VAT are not required to register for VAT or charge VAT on the supply of their services. This means that they cannot...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (24 May 2016)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme, an applicant must have a permanent and severe physical...

Written Answers — Department of Finance: Tax Exemptions (24 May 2016)

Michael Noonan: Section 664 of the Taxes Consolidation Act 1997 (TCA) provides for a tax exemption in respect of income received by persons from certain long term leases of farm land. The purpose of the relief is to encourage more landowners to lease out land on a long term basis to active farmers thereby encouraging more productive use of the land. The farm land must be used by the lessee for the purpose of...

Written Answers — Department of Finance: Central Bank of Ireland (24 May 2016)

Michael Noonan: The following table sets out Central Bank of Ireland-related legislation on which advisory opinions have been sought from the European Central Bank, the date the opinions were sought, and the date the opinions were provided. Consultation of the European Central Bank is a requirement of the Treaty on the Functioning of the European Union where the draft law relates to the Central Bank of...

Written Answers — Department of Finance: Tax Code (24 May 2016)

Michael Noonan: In referring to "accidental landlords" I understand the Deputy means property owners in negative equity who have moved to alternative accommodation as a result of factors such as a growing family or a change in work location, while letting out their own property to other tenants. Some accidental landlords may not have felt in a position to sell their property because they were...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (24 May 2016)

Michael Noonan: The Ireland Strategic Investment Fund (the Fund) was established in December 2014 under the National Treasury Management Agency (Amendment) Act 2014, with a mandate to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland. The first investment strategy of the Fund was published in July 2015.  It sets out the long-term strategic...

Written Answers — Department of Finance: Tax Code (24 May 2016)

Michael Noonan: I propose to take Questions Nos. 108 to 110, inclusive, together. I am advised by the Revenue Commissioners that the Revenue Statistics web page contains detailed statistical information on Capital Acquisitions Tax (CAT) and other taxes. A breakdown of CAT net receipts, including inheritance tax, is shown at: . Information on tax expenditures, including in relation to Agricultural Relief and...

Written Answers — Department of Finance: VAT Rate Application (24 May 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the transport of passengers and their accompanying baggage is exempt from VAT in Ireland under paragraph 14(3) of Schedule 1 to the VAT Consolidation Act 2010 as amended. Therefore, the services of bus transport operators are exempt from VAT. Persons whose services are exempt from VAT are not required to register for VAT or charge VAT on the...