Results 25,301-25,320 of 27,019 for speaker:Michael Noonan
- Written Answers — Department of Finance: Tax Code (8 Dec 2016)
Michael Noonan: The basis for the current tax treatment of married couples derives from the Supreme Court decision in Murphy vs. Attorney General (1980). This decision was based on Article 41.3.1 of the Constitution where the State pledges to protect the institution of marriage. The decision held that it was contrary to the Constitution for a married couple, both of whom are working, to pay more tax than...
- Written Answers — Department of Finance: Company Law (8 Dec 2016)
Michael Noonan: I am advised by Revenue that the income of a loan origination business should comprise interest received on loans originated, with the associated expenses being the normal expenses of carrying on such a business plus any interest paid on the funds borrowed for use in the loan origination business. If the loan origination company is a qualifying company (within the meaning of section 110...
- Written Answers — Department of Finance: State Bodies Data (8 Dec 2016)
Michael Noonan: In response to the Deputy's question, I have been advised by the seven State Boards under my Department's remit of the information you have requested. The table sets out the names of the State Boards, the total number of members of each board, the number of women on each board and the percentage of each board that is made up of women. The Deputy may be interested to note that this...
- Written Answers — Department of Finance: Tax Reliefs Eligibility (8 Dec 2016)
Michael Noonan: An individual may claim income tax relief at the standard rate (20%) on qualifying fees paid by him or her in respect of approved third-level courses. An individual may claim tax relief on qualifying fees paid in respect of any person as long as he or she has paid the fees. Qualifying fees means tuition fees, but not examination fees, registration fees or administration fees. In addition,...
- Written Answers — Department of Finance: Ministerial Staff (8 Dec 2016)
Michael Noonan: I wish to inform the Deputy that there are no civil servants seconded to work in my Constituency. I have one Personal Assistant working in my Constituency and there is no cost to my Department as the individual is paid by the Houses of the Oireachtas. With regard to Minister of State Eoghan Murphy, I understand he has one Parliamentary Assistant and one Secretarial...
- Written Answers — Department of Finance: Revenue Commissioners (13 Dec 2016)
Michael Noonan: I am advised by Revenue that no changes have been made to the public opening hours at their offices in the Millennium Centre, Dundalk. An additional facility is now available for the benefit of customers whereby a specific appointment can be made in advance of attending the office. This will eliminate any time delays for customers in queueing especially at busy periods.
- Written Answers — Department of Finance: Tax Reliefs Eligibility (13 Dec 2016)
Michael Noonan: Section 664 of the Taxes Consolidation Act 1997 provides relief from income tax for certain income from the long-term leasing of agricultural land. The relief is available, subject to a maximum limit, where farm land is leased to a qualifying lessee for a period of 5 years or more. In order to qualify for the purpose of the relief, the lessee must not be connected with the lessor or...
- Written Answers — Department of Finance: NAMA Portfolio (13 Dec 2016)
Michael Noonan: As the Deputy will be aware, NAMA does not directly own or manage properties. NAMA has acquired loans and its role is that of a lender with claims over security for its loans, like a bank, rather than a property owner or lessor. In that capacity, NAMA holds security over properties that are owned by its debtors or, in the case of enforcement, which are managed on behalf of those debtors by...
- Written Answers — Department of Finance: Departmental Expenditure (13 Dec 2016)
Michael Noonan: In response to the Deputy's question the total photography costs for my Department and the details of the occasions on which photographers were used since March 2011 are contained in the following table: Photography Costs Year List of Occasions Photographer Used Cost € Total Cost per annum 201 1 Signing of Taxation agreement with Germany Engaged on 31st March, 2011 Maxwell...
- Written Answers — Department of Finance: Consultancy Contracts Data (13 Dec 2016)
Michael Noonan: The information requested by the Deputy in relation to external consultant reports commissioned by my Department since March 2011 is listed in the following table:- Year External Consultant Report Name Cost Published 2016 Review of Corporation Tax Code Seamus Coffey Review ongoing Review ongoing 2016 SME Lending Survey October 2015 - March 2016 Red C €58,979.00 Published ...
- Written Answers — Department of Finance: Public Relations Contracts Data (13 Dec 2016)
Michael Noonan: I take it that the Deputy is referring solely to external public relations and not to advertising that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, etc. The use of external public relations firms in respect of my Department since March 2011 is...
- Written Answers — Department of Finance: Fiscal Policy (13 Dec 2016)
Michael Noonan: As I am not aware of any recent decisions from the EU Commission changing the debt to GDP objectives under the Stability and Growth Pact, I'm assuming the Deputy is referring to the recent draft Council recommendation on the economic policy of the euro area (COM(2016) 726 final) proposed by the European Commission. For the euro area as a whole, the Commission suggests that in...
- Written Answers — Department of Finance: Exchequer Returns (13 Dec 2016)
Michael Noonan: Based on the recent end-November Exchequer Returns, we are currently on track to achieve our Budget 2017 forecast in respect of the Exchequer outturn for 2016. As the Deputy will be aware, an overall Exchequer deficit of c. €1.4 billion is projected for this year. In relation to our revised tax revenue forecast for 2016 of €48.1 billion, the position at end-November was...
- Written Answers — Department of Finance: Revenue Commissioners (13 Dec 2016)
Michael Noonan: I am informed by Revenue that Revenue has updated its guidance to confirm that opinions issued to taxpayers, whether multinational companies or other taxpayers, will remain valid for a maximum period of five years. If a taxpayer wishes for a confirmation to continue after that time, an application for a renewal or extension must be made. It has always been the case that an opinion will only...
- Written Answers — Department of Finance: Banking Sector Data (13 Dec 2016)
Michael Noonan: I have been informed by the Central Bank that it does not publish data on this basis. However, the SME Credit Demand Survey, conducted on behalf of the Department, monitors the credit requirements of SMEs. The latest published survey indicates that demand for non-bank finance for SMEs is considerably lower than bank finance. For the period October 2015 to March 2016, the survey...
- Written Answers — Department of Finance: Mortgage Repayments (13 Dec 2016)
Michael Noonan: I am informed by the Central Bank that their internal guidelines on "Sustainable Mortgage Arrears Solutions" specify that an age limit above 70 years can apply to mortgage restructure arrangements where there is appropriate evidence to support it. With regard to the sustainability of solutions to address mortgage arrears, the guidelines obligate the lender, in circumstances where a borrower...
- Written Answers — Department of Finance: Central Bank of Ireland Supervision (13 Dec 2016)
Michael Noonan: Personal Contract Plans are in effect a type of hire-purchase agreement and my Department does not collate statistics on the number and value of such plans that are entered into. The Consumer Credit Act, 1995, applies to the provision of hire-purchase agreements. Both the Central Bank and the Competition and Consumer Protection Commission (CCPC) have certain functions and legal...
- Written Answers — Department of Finance: Tax Code (13 Dec 2016)
Michael Noonan: The Finance Bill 2016 has been passed by Dáil Éireann and is currently being considered by the Seanad. In Section 52 of the Bill, I have provided for an amendment to section 86 of the Capital Acquisitions Tax Consolidation Act 2003, the section that provides an exemption from capital acquisitions tax on the inheritance or gift of a dwelling house in certain circumstances. I...
- Written Answers — Department of Finance: Ministerial Correspondence (13 Dec 2016)
Michael Noonan: In response to the Deputy, I wish to advise that I do not use any private unsecured email accounts for official business.
- Written Answers — Department of Finance: Tax Code (13 Dec 2016)
Michael Noonan: I propose to take Questions Nos. 162 to 164, inclusive, together. The primary purpose of Dividend Withholding Tax (DWT) is to collect tax at source from dividend payments and other distributions made by Irish resident companies to Irish resident individuals who are chargeable to income tax on such distributions (with a credit allowed for DWT deducted). The legislation dealing...