Results 25,081-25,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (15 Nov 2016)

Michael Noonan: I am advised by Revenue that data relating to the Home Renovation Incentive (HRI) are available from the statistics section of the Revenue website at . Specifically, the most recently available information on the scheme is in the Tax Expenditures section of the page at which contains a county breakdown of properties registering works and the value of these works in 2013-14, in 2015 and over...

Written Answers — Department of Finance: Excise Duties Yield (15 Nov 2016)

Michael Noonan: I am advised by Revenue that a Post Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at. In relation to the Deputy's questions, this Ready Reckoner shows a wide range of detailed information, including Excise increases on fuel, alcohol and tobacco. While the Ready Reckoner does not show all of the specific costings requested by the Deputy, others can be estimated...

Written Answers — Department of Finance: Credit Unions (15 Nov 2016)

Michael Noonan: Section 21 of the Credit Union Act, 1997 provides for the nomination of property in a credit union.  The legislation specifies that a credit union member aged 16 or over, can nominate in writing a person or persons to become entitled to all or part of the member's property in the credit union at the time of the member's death, up to a prescribed limit. It also provides for...

Written Answers — Department of Finance: Agriculture Schemes (15 Nov 2016)

Michael Noonan: I propose to take Questions Nos. 184 and 188 together. Section 46 of the Finance Bill provides for a restriction of the flat-rate scheme for farmers with effect from 1 January 2017.  The amendment gives the Minister for Finance the power to make an order excluding particular agricultural goods or agricultural services from the flat-rate addition scheme.  This power can be...

Written Answers — Department of Finance: VAT Rate Application (15 Nov 2016)

Michael Noonan: VAT rating is governed by the EU VAT Directive (2006/112/EC), with which Irish VAT law must comply.  Article 98 of the EU VAT Directive allows Member States to apply up to two reduced VAT rates of no less than 5% to any of the goods or services listed in Annex III of that Directive. The 9% VAT rate applicable in Ireland to the supply of certain goods and services related to the tourist...

Written Answers — Department of Finance: Tax Code (15 Nov 2016)

Michael Noonan: I assume that the Deputy's proposal would envisage a tax free allowance for rental income received from a tenant in receipt of rent supplement, and not a general tax free allowance for all residential landlords in respect of rental income from all tenants in line with rent supplement caps. To introduce a tax exemption for rental income received in line with rent supplement caps...

Written Answers — Department of Finance: Carbon Tax Exemptions (15 Nov 2016)

Michael Noonan: In Budget 2017, I announced the exemption from carbon tax for fuel used to create high efficiency electricity in combined heat and power plants.  The dual process of using energy to create usable heat and power is regarded as a highly efficient energy process and makes use of the heat produced in the electricity generation instead of releasing it into the atmosphere....

Written Answers — Department of Finance: Tax Code (15 Nov 2016)

Michael Noonan: The system of individualisation has been in the tax code since 1999, and is now integral to the overall system. When first announced, the stated purposes of individualisation were, essentially, to ease the burden on single persons (65% of the work force), to take workers on the average industrial wage out of the higher rate of tax and more generally to facilitate a reduction in the numbers...

Written Answers — Department of Finance: Agriculture Schemes (15 Nov 2016)

Michael Noonan: My Department and the Revenue Commissioners have a legal obligation to protect taxpayer confidentiality and due to the small number of taxpayers involved in this particular sector, they are precluded from commenting on the matter. I would point out, however, that Section 46 of the recently published Finance Bill provides for a restriction of the flat-rate scheme with effect from...

Written Answers — Department of Finance: Insurance Costs (15 Nov 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Public Procurement Contracts (15 Nov 2016)

Michael Noonan: I would like to assure the Deputy that I am aware of the ongoing issues in the construction sector including the challenges faced by contractors. However, as regards procurement, under EU law, public contracts above certain values must be advertised EU-wide and awarded to the most competitive tender in an open and transparent process. The aim is to promote an open, competitive and...

Written Answers — Department of Finance: Services for People with Disabilities (16 Nov 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: Motor Insurance (16 Nov 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This inability to...

Written Answers — Department of Finance: Vehicle Registration (16 Nov 2016)

Michael Noonan: I am informed by Revenue that an increase in the volume of applications to the NCT for vehicle registrations has resulted recently in some increase in waiting times. In response, by the end of November, nine additional staff will be available for VRT work in a number of NCTS Centres nationally.  A VRT function is being added to the Deansgrange NCTS Centre this month to allow for more...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Nov 2016)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) currently operates a Sustainability and Responsible Investment Policy, which is published on ISIF's website. In addition, the Fund operates to high international standards and invests in line with both the UN-sponsored Principles for Responsible Investment (PRI) and the Santiago Principles, which are the globally accepted best practice principles...

Written Answers — Department of Finance: Tax Code (16 Nov 2016)

Michael Noonan: I am advised by Revenue that a capital gains tax (CGT) relief applies in respect of a gain made by a couple who are legally separating on the disposal of their family home together with land occupied as its gardens or grounds up to an area (exclusive of the site of the residence) of one acre. For full relief to apply, the house must have been occupied by the individuals as their family home...

Written Answers — Department of Finance: Tax Code (16 Nov 2016)

Michael Noonan: It is assumed that this question concerns the eligibility of the person concerned for Favourite Nephew Relief.  Favourite Nephew Relief is provided for in the Capital Acquisitions Tax Consolidation Act 2003 (Schedule 2, Part 1, Paragraph 7).  This relief applies to a niece or nephew who has worked substantially on a full-time basis for the disponer for the period of five years...

Written Answers — Department of Finance: Insurance Costs (16 Nov 2016)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks that they are willing to...

Written Answers — Department of Finance: State Claims Agency (16 Nov 2016)

Michael Noonan: As the Deputy will be aware, the NTMA is designated as the State Claims Agency (SCA) when performing the claims management and risk management functions designated to it under the National Treasury Management Agency Act 1990, as amended. In answer to the Deputy's question, I refer to the material provided by the SCA and which is outlined in the following table. The material provided by...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland Data (16 Nov 2016)

Michael Noonan: As the Deputy will be aware, the Government is committed to supporting the financing needs of SMEs in all regions of the country and ensuring that there is an adequate supply of affordable and appropriate credit to meet their needs. In this regard, the Strategic Banking Corporation of Ireland (SBCI) is a key initiative that was developed in order to increase the availability of low cost,...