Results 24,841-24,860 of 27,019 for speaker:Michael Noonan

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Once it has been lived in, it is second-hand. If it has not been lived in, it increases supply of available homes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 20:In page 10, line 28, after “are” to insert “constructed or”. We are reaching back to the announcement on 19 July. We need the word "constructed" in there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 23:In page 11, to delete lines 35 to 41, and in page 12, to delete line 1 and substitute the following:“(i) in the first instance as a refund of income tax paid by the claimant in respect of the earliest relevant tax year and followed by each succeeding relevant tax year, and (ii) thereafter as a refund of the amount of appropriate tax paid by the claimant in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 24:In page 12, to delete lines 12 to 19 and substitute the following:“(ii) where the individual is a chargeable person within the meaning of Part 41A or, as appropriate, Part 41 for a tax year within the 4 tax years immediately preceding the year in which the application is made, he or she has complied with the requirements of that Part or, as appropriate, those...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 25:In page 12, to delete lines 20 to 27 and substitute the following:"(iii) where the individual is not a chargeable person within the meaning of Part 41A or, as appropriate, Part 41 for a relevant tax year, he or she has made a return of income, in such form as the Revenue Commissioners may require, and has paid the amount of income tax payable and of universal social...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 26:In page 12, line 28, before “he” to insert “in the case of an individual to which subparagraph (ii) refers,”. Amendment No. 26 introduces a revision to the tax clearance requirement on applicants. The obligation to have a tax clearance certificate will only apply to self-assessed taxpayers.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 27:In page 12, to delete lines 31 to 36. This involves the deletion of paragraph (c), which is no longer necessary, given the fact that taxpayers will now be able to select the valuation years from which they wish to have the refund taken under the previous amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 28:In page 12, line 37, to delete “(d) Where” and substitute “(c) Where”. This is consequential on the amendment that we just agreed. It renames paragraph (d) in view of the deletion of paragraph (c).

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 29:In page 12, line 42, to delete “(5)(a)(i) and (6)(b)(i) and (ii)” and substitute “(5)(a)(ii) and (6) (b)(ii) and (iii)”. This corrects references.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 30:In page 13, to delete lines 1 to 18 and substitute the following:“(a) (i) an individual may elect to be deemed to have made his or her application under subsection (6) in the tax year 2016 where, in the period commencing on 19 July 2016 and ending on 31 December 2016, a contract referred to in subsection (3)(a) is entered into between the applicant and a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 35:In page 13, between lines 34 and 35, to insert the following:“(c) No claim may be made on foot of an application which ceases to be valid in accordance with paragraph (a).”. This inserts a new paragraph (c) into subsection (8), which deals with the validity of applications and when they cease to be valid. An amendment is necessary to make it clear that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 41:In page 16, line 31, after “shall” to insert “notify the Revenue Commissioners and”. This introduces a minor revision to subsection (17). This subsection sets out the clawback provisions that will apply where a claimant ceases to occupy a qualifying residence within a five-year period. The amendment simply adds an obligation on a claimant...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 42:In page 17, to delete lines 18 to 23 and substitute the following:"(18) (a) Where--(i) arising from a claim under this section, an appropriate payment is made to, or in respect of, a claimant, and (ii) any condition that imposes a qualification, as respects the claimant, in relation to the making of an appropriate payment under this section is not satisfied by the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 43:In page 18, line 19, to delete “paid directly” and substitute “made”. This is a technical amendment to cover the period between 19 July to budget day.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 44:In page 19, to delete lines 28 to 37 and substitute the following:“(c) Where in accordance with paragraph (a), a Revenue officer makes an assessment or an amended assessment on a person in an amount that, according to the best of that officer’s judgement, ought to be charged on that person, the amount so charged shall, for the purposes of paragraph (a)...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I agree with the spirit of the amendment. I would prefer it if the Deputy would accept my commitment that we will undertake an impact study along the lines that he suggested by that date rather than legislate for it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: As I stated, of all the sectors of the economy, the development and property sector is the one which has been most difficult to restore to normality, if we can define "normality". When we look at the cranes on the Dublin skyline, we can see that the commercial property construction and development market has been restored to reasonable health in the past two years or so, but, as we all...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I can agree to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: If the Deputy is talking about a desktop review on microeconomic grounds, that can be done, but what we will need to see is whether the scheme is working. Houses are not constructed in three months. The scheme has been designed to increase the supply of new houses and we must give it at least 12 months to see whether it has had an effect.