Results 25,321-25,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tracker Mortgage Data (13 Dec 2016)

Michael Noonan: I note that the Deputy previously raised this matter in a Topical Issues Debate in July 2015 and subsequently in Parliamentary Question 34323/15 in October 2015. The Central Bank has also written to the Deputy on this subject and the Central Bank has informed me that the position as outlined in its letter of July 2015 still stands. However, as the Deputy is...

Written Answers — Department of Finance: Tax Code (13 Dec 2016)

Michael Noonan: I am informed by Revenue that Irish resident artistes are taxable in Ireland on their worldwide income. Artistes who are not resident in the State for tax purposes have a  liability to Irish tax on income arising from the exercise of their profession in the State. However, because foreign resident artistes merely have a transitory presence in the State, there are numerous practical...

Written Answers — Department of Finance: NAMA Portfolio (13 Dec 2016)

Michael Noonan: It is important to stress that NAMA  is not a property developer and does not own the site to which the Deputy refers. Rather, NAMA's role is that of a secured lender to the property owner. As a secured lender, NAMA may provide funding to its debtors and receivers where it is shown that this will increase the overall recovery for NAMA from the security being funded....

Written Answers — Department of Finance: Tax Data (13 Dec 2016)

Michael Noonan: I am advised by Revenue that on the basis of income tax returns filed, the following table sets out those income earners that have been assessed to tax on Foreign State Pensions or Foreign Other Pension. There are other individuals that report foreign pensions but these are not assessable for Irish tax. Due to the manner in which such returns are received by Revenue it is not possible to...

Written Answers — Department of Finance: Legislative Measures (13 Dec 2016)

Michael Noonan: As the Deputy is aware, the provision in question, Section 56 of the Bill as passed by Dáil Éireann, is not yet signed into law. Once the provision is signed into law, I am advised by Revenue that they will be undertaking an appropriate campaign as regards the provision and its implications. In the meantime I am aware that detailed information on the proposed legislative change,...

Written Answers — Department of Finance: Central Bank of Ireland Staff (13 Dec 2016)

Michael Noonan: I am informed by the Central Bank that by the end of this year it will have increased staff numbers by approximately 115 (on a net basis). The Central Bank Commission has recently approved additional complement for 2017 to bring its set complement to 1,801 full-time equivalents, which will be a target net increase of 170 staff. The 2017 expansion includes dedicated resources of an...

Written Answers — Department of Finance: Departmental Legal Cases (13 Dec 2016)

Michael Noonan: My Department has been involved in court proceedings that involved non disclosure agreements in the past five years but in no case has the specific court ruling prevented knowledge of the court proceedings being known or knowledge of the participants being made known.

Written Answers — Department of Finance: Tax Treaties (13 Dec 2016)

Michael Noonan: Double Tax Treaties are agreements voluntarily entered into by countries to eliminate double taxation and to facilitate cross border investments. Countries typically agree in such treaties to allocate taxing rights in respect of activity carried out in one country by residents of the other country. This will be done to encourage trade and investment between the two countries. The...

Written Answers — Department of Finance: Tax Avoidance (13 Dec 2016)

Michael Noonan: I reject the assertion in the report mentioned that Advanced Pricing Agreements are "sweetheart deals" with taxpayers. Ireland does not do "deals" with taxpayers. Our tax system is founded on the strict application of the law, as enacted by the Oireachtas, without exception. Revenue do not issue unilateral Advance Pricing Agreements. The Apple case concerns two...

Written Answers — Department of Finance: Primary Medical Certificates (13 Dec 2016)

Michael Noonan: My Department has been involved in court proceedings that involved non disclosure agreements in the past five years but in no case has the specific court ruling prevented knowledge of the court proceedings being known or knowledge of the participants being made known.

Written Answers — Department of Finance: Tax Reliefs Application (13 Dec 2016)

Michael Noonan: An individual or a couple in a marriage or civil partnership, aged 65 or over whose total income from all sources is slightly over the exemption limit may qualify for marginal relief. The current exemption limits are €18,000 for single or widowed individuals and €36,000 for a couple in a marriage or civil partnership. Marginal relief is applied if it is more...

Written Answers — Department of Finance: Property Tax Collection (13 Dec 2016)

Michael Noonan: I am advised by Revenue that the Local Property Tax (LPT) 'liability date' is set down in the Finance (Local Property Tax) Act 2012 (as amended) as 1 November in the preceding year. For example, 1 November 2016 is the 'liability date' for 2017 and the owner of a relevant residential property on that date is obliged to pay the LPT due. This remains the case even if the property is sold or...

Written Answers — Department of Finance: Tax Agreements (13 Dec 2016)

Michael Noonan: The EU Directive 2011/16/EU was transposed into Irish law by virtue of the European Union (Administrative Cooperation in the Field of Taxation) Regulations 2012.  This Directive has subsequently been amended three times to introduce greater exchange of information between tax authorities. These subsequent Directives will be fully transposed in Ireland by the end of...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (13 Dec 2016)

Michael Noonan: I propose to take Questions Nos. 178 and 179 together. The Deputy has referred to tax opinions, determinations and letters of comfort. I would clarify that while Revenue may issue non-binding advisory opinions in certain circumstances and may make determinations in respect of certain VAT matters, Revenue does not issue "letters of comfort".  There has been a focus on tax opinions, or...

Written Answers — Department of Finance: Employment Data (13 Dec 2016)

Michael Noonan: The Deputy will be aware that earlier this year, she as Minister for Social Protection and I as Minister for Finance launched a consultation process on the use of intermediary-type employment structures and self-employment arrangements, and their impact on tax and PRSI. The consultation invited submissions from interested parties on possible measures to address the loss to the Exchequer that...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (13 Dec 2016)

Michael Noonan: The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was discussed at the November ECOFIN meeting. During the discussion, which was held in public session, a number of my fellow Ministers gave some initial impressions of the proposal. At this discussion I indicated that Ireland will engage  constructively with the proposal while ensuring...

Written Answers — Department of Finance: Legislative Measures (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: Tax Code (13 Dec 2016)

Michael Noonan: Following clarification with the Deputy's Office, it is understood that his question refers to article 28(a) of Staff Regulations of Officials of the European Communities. Under article 12 of the Protocol on the Privileges and Immunities of the European Union (formerly article 13), the unemployment allowance paid to a former member of the temporary staff of the EU institutions...

Written Answers — Department of Finance: Help-To-Buy Scheme (13 Dec 2016)

Michael Noonan: I assume the Deputy is referring to the Help to Buy Incentive which is provided for in Finance Bill 2016 and is designed to assist first-time buyers with obtaining the deposit required to purchase or build their first home. The Incentive will take the form of a refund of income tax (including DIRT) paid in the State by a first-time buyer over the previous 4 tax years. Eligibility for a...

Written Answers — Department of Finance: Financial Services Regulation (13 Dec 2016)

Michael Noonan: The Deputy will be aware that this matter was discussed at the Central Bank's appearance before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform and Taoiseach's meeting on Thursday 8th December. However, the Central Bank has advised that for confidentiality reasons the Central Bank of Ireland is prevented from further discussing applications for authorisation. A...