Results 23,881-23,900 of 27,019 for speaker:Michael Noonan

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Michael Noonan: I have been totally frank except for that issue this morning. There are market reasons for not being totally frank on it.

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Michael Noonan: That issue came up in today's questions. Deputy Brophy raised it. This is a commitment in the programme for Government and that commitment to take threshold for category A from €280,000 to €500,000 is over the period of the Government. It would be very costly to do that in one leap, therefore, it is more likely it would be done gradually over a period of time.

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Michael Noonan: No, I never said that it would be tied to inflation. When I talked about indexation, I said there was never automatic indexation in the Irish system but in budgets Ministers took rising prices into account when they were designing whatever personal tax relief they were putting in place, so the same would apply here. The commitment in the programme for Government is to increase the tax...

Written Answers — Department of Finance: Pension Provisions (27 Sep 2016)

Michael Noonan: An individual in a defined contribution pension savings arrangement (whether an occupational pension scheme, an Additional Voluntary Contribution arrangement or a personal pension) has the option of putting the funds accumulated under the arrangement into an Approved Retirement Fund (ARF) on retirement subject to conditions. Where such an individual is under the age of 75 at the time of...

Written Answers — Department of Finance: State Aid Investigations (27 Sep 2016)

Michael Noonan: On 30 August 2016, the European Commission issued a negative decision in the Apple State Aid case. The Government disagrees profoundly with the Commission's analysis and will be appealing the decision. Ireland did not give favourable tax treatment to Apple. Ireland does not do deals with taxpayers.  No other companies are covered by the European Commission decision or the recovery...

Written Answers — Department of Finance: Corporation Tax Regime (27 Sep 2016)

Michael Noonan: I was surprised to learn that the Brazilian Federal Revenue Service included Ireland on Brazil's tax black list. Our Ambassador in Brazil is in contact with the Brazilian Revenue Service and is seeking our removal from the list as soon as possible. We strongly reject any allegations that we are a tax haven. We do not meet any of the international standards for being considered a tax haven...

Written Answers — Department of Finance: Motor Insurance Coverage (27 Sep 2016)

Michael Noonan: The Cost of Insurance Working Group, chaired by Minister of State Eoghan Murphy TD, is undertaking a review of the factors which are influencing the increased cost of motor insurance.  The Working Group brings together all the relevant Departments and Offices involved with the process.  Its objective is to identify immediate and longer term measures which can address increasing...

Written Answers — Department of Finance: State Aid Investigations (27 Sep 2016)

Michael Noonan: On 30 August 2016, the European Commission issued a negative decision in the Apple State Aid case.  The Government profoundly disagrees with the Commission's analysis and will now challenge the decision before the European Courts.  Member States have legal standing to intervene in all cases that go before the European courts and do so from time-to-time if it is considered that the...

Written Answers — Department of Finance: Tax Reliefs Application (27 Sep 2016)

Michael Noonan: The Government is conscious that there is a supply shortage of housing and of the challenges faced by first-time buyers in meeting the macro prudential rules for home loans. As a complement to the structural actions in the Action Plan for Housing and Homelessness published on 19thJuly 2016, a new tax-based 'Help to Buy' incentive was announced. The Deputy has raised the situation of a person...

Written Answers — Department of Finance: Primary Medical Certificates Applications (27 Sep 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 be in possession of a Primary Medical...

Written Answers — Department of Finance: Tax Credits (27 Sep 2016)

Michael Noonan: The Deputy may be aware that the State already provides support to apprentices directly through the National Training Fund (NTF), for which my colleague the Minister for Education and Skills holds responsibility. The NTF was established by the National Training Fund Act, 2000, as a dedicated fund to support the training of those in employment, and those seeking employment.  The...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: I am advised by Revenue that both gifts and inheritances of a dwelling-house can qualify for an exemption from the payment of Capital Acquisitions Tax (CAT), known as the "Dwelling House Exemption" where certain conditions are satisfied. Section 86 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for this exemption.   One of the qualifying conditions for the...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 148, 168, 169 and 172 together. I would highlight that a comprehensive review of the tax system as it applies to the farming sector was announced in Budget 2014, as a joint initiative between the Department of Finance and the Department of Agriculture, Food and the Marine. The review focused on three key policy objectives for agri-taxation policy,...

Written Answers — Department of Finance: Tax Collection (27 Sep 2016)

Michael Noonan: I am advised by Revenue that having regard to the provisions of Section 851A of the Taxes Consolidation Act 1997, whereby Revenue is obliged to treat taxpayer information confidentially, they are precluded from providing the information requested by the Deputy. I would note that the ESB website includes a link to the annual report for 2015 and previous annual reports which includes...

Written Answers — Department of Finance: Tax Reliefs Application (27 Sep 2016)

Michael Noonan: Tax relief in respect of health expenses is provided for in section 469 of the Taxes Consolidation Act 1997. Section 469 defines "health expenses" to mean "expenses in respect of the provision of health care including the services of a practitioner".  A practitioner is defined in the section as "any person who is (a) registered in the register established under section 43 of the...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: I have been advised by Revenue that the solicitor representing the deceased person submitted the grant of probate and sought Revenue clearance in the matter on 13thSeptember 2016. Revenue will be in contact with the solicitor very shortly to discuss and finalise any tax matters that may arise. This will then facilitate the necessary clearance issuing from Revenue.

Written Answers — Department of Finance: Departmental Legal Cases Data (27 Sep 2016)

Michael Noonan: There has been no engagement with private law firms in this case. The legal case has been undertaken by the Attorney General's Office who have engaged legal counsel as appropriate. Notwithstanding an appeal in this case, Ireland is required by law to recover the alleged State aid from the company.  This process involves recovering additional tax payments over a ten-year period in...

Written Answers — Department of Finance: State Aid Investigations (27 Sep 2016)

Michael Noonan: I understand that the Deputy has clarified to my Department that this question relates only to State Aid opinions. I am informed by the EU Commission that the list below contains all notified (procedure N) Irish cases which were registered in the last 10 years, and which concern tax related State Aid measures. Applications for some of these cases would have been progressed by other...

Written Answers — Department of Finance: Revenue Commissioners (27 Sep 2016)

Michael Noonan: I am advised by Revenue that it does not charge customers for the services it provides, whether via telephone or other channels. Charges are levied by the telecom providers. The cost of the call from a mobile telephone is, in fact, shared between the caller and Revenue, as is the norm with most LoCall telephone services.  Calls from landlines to 1890 numbers are charged at...

Written Answers — Department of Finance: Tax Reliefs Availability (27 Sep 2016)

Michael Noonan: I am advised by Revenue that the flat rate deductions which apply to teachers may be found on the Revenue published list, available from the Revenue website at the following link: There are two separate deduction rates which apply to physical education (PE) teachers and they apply equally to primary and secondary teachers.  The first deduction rate applies to full time PE teachers while...