Results 24,441-24,460 of 27,019 for speaker:Michael Noonan

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Michael Noonan: That is a question for NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Michael Noonan: It does not justify the series of personal allegations the Deputy made against me and I would like her to withdraw them.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Michael Noonan: When I have agreed to come once, I suppose I will be here every second week from now on.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Michael Noonan: I thank the Chairman and his staff, the Comptroller and Auditor General and his staff, and my parliamentary colleagues for - I will not say "enjoyable" - an interesting afternoon.

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: This is the sixth budget I have introduced since 2011. Since then the country has overcome huge challenges, challenges that many thought were insurmountable. The lessons learned over this period must not be forgotten. We must budget prudently while we prioritise the repair of our public services after a period of underinvestment. We will be true to the commitments we made in A Programme...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: In addition to the macroeconomic policies I have outlined, I now want to announce a series of measures to assist sectors of the economy which may be adversely effected by Brexit. I am extending the special assignee relief programme and the foreign earnings deduction until the end of 2020, and in relation to the foreign earnings deduction, I am also reducing the minimum number of days...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Michael Noonan: -----with a pro rata increase on other tobacco products. This will bring the price of cigarettes in the most popular price category to €11 per package of 20 cigarettes. The House will be pleased to hear that this is the only tax increase in today's budget. Shortly after I took office in March 2011, the CSO announced that the headline deficit for 2010 was 32% of GDP and even on an...

Written Answers — Department of Finance: Property Tax Administration (11 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 61 and 84 together. Local Property Tax (LPT) is a self-assessed tax, which places the onus on the taxpayer to comply with statutory obligations even in circumstances where there has been no contact from Revenue. Section 156 of the Finance (Local Property Tax) Act 2012 converted any arrears of Household Charge (HHC) that were still outstanding on 1 July...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (11 Oct 2016)

Michael Noonan: Small and medium sized businesses play a central role in the sustainable recovery of the Irish economy.  Government policy is focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources.  As the Deputy will be aware, Chapter 7 (Finance for Growth) of this year's Action Plan for Jobs (APJ) sets out a...

Written Answers — Department of Finance: Home Renovation Incentive Scheme Administration (11 Oct 2016)

Michael Noonan: As the Deputy is aware, the Home Renovation Incentive (HRI) was introduced in Budget 2014 and is scheduled to run until the end of December this year. The incentive provides tax relief for homeowners by way of an income tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence.  In Budget...

Written Answers — Department of Finance: House Purchase Schemes (11 Oct 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 'Rebuilding Ireland - Action Plan on Housing and Homelessness' published on 19 July 2016, the introduction on Budget day of a new tax-based 'Help to Buy' incentive was...

Written Answers — Department of Finance: Tax Collection (11 Oct 2016)

Michael Noonan: I am advised by Revenue that contact was made with the person concerned to explain the tax treatment of the lump sum received and the possibility of a repayment of tax after the end of the year, subject to a claim by the person concerned to Revenue.

Written Answers — Department of Finance: Tax Residency (11 Oct 2016)

Michael Noonan: I am advised by Revenue that there is no test to determine tax residency as part of the Immigrant Investor Programme.   The legislation governing the tests to determine if an individual is Irish tax resident is found in Part 34 of the Taxes Consolidation Act 1997.  The residence and ordinary residence rules in the Act apply solely for tax purposes and do not have any other...

Written Answers — Department of Finance: Tax Code (11 Oct 2016)

Michael Noonan: The Programme for a Partnership Government recognises the difficulties faced by community and voluntary groups in relation to VRT rates on vehicles, and commits to examining the issue. However, it is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Credits (11 Oct 2016)

Michael Noonan: I am pleased to inform the Deputy that a Home Carer Tax Credit is already currently available to families where one parent works primarily in the home to care for children or the elderly.  Furthermore, I increased this credit in Budget 2016 to €1,000 and there is a commitment in the programme for Government to increase it further. In this regard, any further...

Written Answers — Department of Finance: Tax Code (11 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 69, 79 and 83 together. The Home Renovation Incentive (HRI) provides for an income tax credit for homeowners or landlords who carry out repair, renovation or improvement work on their property. The aim of the Incentive is to support tax compliant building contractors by moving activity out of the shadow economy into the legitimate economy. The Incentive...

Written Answers — Department of Finance: Banking Sector (11 Oct 2016)

Michael Noonan: It would not be appropriate for me to comment in detail on media speculation concerning the performance of an individual foreign bank. However, I can assure the Deputy that both my Department and the Central Bank are monitoring the situation very closely in collaboration with our EU colleagues.  In that respect my Department is not aware of any material financial...

Written Answers — Department of Finance: Tax Avoidance (11 Oct 2016)

Michael Noonan: I was surprised and disappointed to learn that the Brazilian Federal Revenue Service added Ireland to Brazil's tax black list.  I understand that the operation of the listing was initially backdated to 1 August but was subsequently suspended until 1 October.  No notice of this decision was given to the Irish Government by the Brazilian Federal Revenue Service. ...

Written Answers — Department of Finance: EU Budget Contribution (11 Oct 2016)

Michael Noonan: Until it formally withdraws from the Union, the UK remains a full EU Member, with all of its existing rights and obligations including in relation to the EU budget. Brexit is likely to involve complex discussion on the Multiannual Financial Framework, particularly as the UK is an important net contributor to the EU Budget. Therefore, Brexit will have a significant impact on EU Budget...

Written Answers — Department of Finance: Budget Targets (11 Oct 2016)

Michael Noonan: My Department's Budget 2017 macroeconomic forecasts incorporate a number of factors including the impact of budgetary measures at a macro level.  The macro-drivers are then applied to tax revenue base and assist along with other factors in the production of the tax revenue forecasts. Budgetary decisions are made factoring in all available data, including cross-border...