Results 25,781-25,800 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Rebates (7 Feb 2017)

Michael Noonan: I am advised by Revenue that they have no record of any outstanding request for a refund of taxes from the person concerned. Balancing Statements issued to the person concerned for the years 2013, 2014 and 2015.  For the year 2016 the most efficient method to request a review is for the person concerned to register for Revenue's online service myAccount.  When he receives his...

Written Answers — Department of Finance: Universal Social Charge Application (8 Feb 2017)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and maintain revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced and is applied at a low rate on a wide base. However, the base for USC does not include payments made by...

Written Answers — Department of Finance: Hotel and Catering Industry (8 Feb 2017)

Michael Noonan: As the Deputy is aware, small and medium sized businesses, including those in the hotel and catering industry, 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. The Deputy will also be aware that in my role as...

Written Answers — Department of Finance: Illicit Trade in Fuel and Tobacco Products (8 Feb 2017)

Michael Noonan: I am assured by Revenue that action against illegal activity involving tobacco products is a central element of their work and that significant successes continue to be made in tackling this illegal trade. They have advised me that, in 2016, 6,100[1] tobacco seizures were made which resulted in approximately 44.5m cigarettes and 1,500kgs of tobacco being seized by Revenue. The quantities of...

Written Answers — Department of Finance: Ministerial Meetings (8 Feb 2017)

Michael Noonan: In an effort to provide the Deputy with a thorough reply, this question has been considered more widely than just meetings which I attended, to also include those meetings attended by officials from my Department. Every effort has been made to identify meetings relevant to the Deputy's question, and the timeframe used as the basis for identifying these meetings is 1 March 2016 to 31...

Written Answers — Department of Finance: NAMA Operations (8 Feb 2017)

Michael Noonan: NAMA's tax affairs, and the legal structures it utilises to carry out its mandate, are a matter for NAMA to determine within the perimeter of its mandate and applicable law, including tax law. As we know the establishment of Section 110 companies is completely legal as it is permitted under Irish law and tax codes.As we also know, this House recently moved to change legislation...

Written Answers — Department of Finance: Departmental Meetings (8 Feb 2017)

Michael Noonan: The information requested has now been compiled and I expect that a response will issue this week.

Written Answers — Department of Finance: Ministerial Meetings (8 Feb 2017)

Michael Noonan: As the Deputy will be aware, responsibility for housing policy generally, and the Government's housing action plan, "Rebuilding Ireland", is under the remit of my colleague the Minister for Housing, Planning, Community and Local Government. It is within that context that discussions on proposals for leasing arrangements would take place. On this basis I advise the Deputy that this question...

Written Answers — Department of Finance: Tax Reliefs Application (8 Feb 2017)

Michael Noonan: I assume the Deputy is referring to the tax relief available on certain income from the long term leasing of agricultural land under Section 664 of the Taxes Consolidation Act 1997, which was amended and extended in Budget 2015. 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. The 2014...

Written Answers — Department of Finance: Customs and Excise Controls (8 Feb 2017)

Michael Noonan: I am advised by Revenue that a decision on whether to undertake a visit to or an intervention at an aerodrome is dictated by Revenue's assessment of risk, having regard to a range of factors, including intelligence. Where visits or interventions are undertaken, there is no prior notification of same. The necessity for and frequency of compliance visits to any particular aerodrome is kept...

Written Answers — Department of Finance: Commissions of Inquiry (8 Feb 2017)

Michael Noonan: There are no Commissions of Investigation for which I am the responsible Minister pursuant to the Commissions of Investigation Act 2004 or other equivalent formal investigations or inquiries being conducted in the Department of Finance at present.

Written Answers — Department of Finance: Brexit Issues (8 Feb 2017)

Michael Noonan: Since the referendum outcome, I have met with my EU counterparts at the ECOFIN and Eurogroup meetings on a regular basis. In line with the agreement at EU level that there will be no negotiations until the UK has triggered Article 50, the matter was not discussed at these meetings. On the margins of these meetings however, while fully respecting the principle of no negotiations, I have...

Written Answers — Department of Finance: Corporation Tax Regime (9 Feb 2017)

Michael Noonan: At 12.5%, Ireland has one of the most competitive and stable headline corporate tax rates in the OECD.  Our competitive rate of corporation tax has been an important part of our industrial policy since the 1950s, and has attracted real and substantive operations to Ireland since then. A competitive corporate tax rate is a tool to address the economic limitations that come with being...

Written Answers — Department of Finance: Job Creation Data (9 Feb 2017)

Michael Noonan: The table sets out my Department's Budget 2017 employment projections. Overall, it is forecast that approximately 190,000 net additional jobs will be created over the five year period from 2016 to 2021. For this year, employment growth of 2.1 per cent (almost 45,000 jobs) is projected. For next year, employment gains of 2.1 per cent (approximately 40,000 jobs) are anticipated.  Over...

Written Answers — Department of Finance: State Aid Investigations (9 Feb 2017)

Michael Noonan: The European Commission published the Final Decision into the Apple State Aid case in December 2016. This document was sent to Ireland at the end of August 2016. Ireland does not accept the Commission's analysis, which is why we have lodged an application with the General Court of the European Union to annul the whole Decision. Notwithstanding our appeal, Ireland is obliged to comply...

Written Answers — Department of Finance: Help-To-Buy Scheme (9 Feb 2017)

Michael Noonan: The legislation setting out the payment provisions for the Help to Buy incentive is contained in Section 477C (16) of the Taxes Consolidation Act 1997.  Claimants are required to complete a two-stage online process; an application and then a claim. First-Time Buyers under the Help to Buy incentive fall into 3 categories as follows:- 1. Claimants who have contracted to purchase,...

Written Answers — Department of Finance: Tax Reliefs Costs (9 Feb 2017)

Michael Noonan: I am advised by Revenue that a wide range of statistical information is available on Revenue's Statistics webpage at . In relation to the Deputy's Question, information on the cost of tax relief for investment in private nursing homes can be found in http://www.revenue.ie/en/about/statistics/property-reliefs.h tml  for 2011 to 2014. From provisional data for 2015, the cost of the...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (9 Feb 2017)

Michael Noonan: In response to the Deputy, I am advised that due to the significant volume of information sought, having regard to the time period in question and also the applicability to the eighteen bodies under the aegis of this Department, it is not possible within the time allowed to provide all the information sought.  The table, however, sets out in tabular form the level of...

Written Answers — Department of Finance: Tax Code (9 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 75 and 76 together. Schemes such as crowdfunding and peer-to-peer lending to which the Deputy refers are not currently regulated activities in Ireland. In June 2014 the Central Bank of Ireland issued a Consumer Notice on Crowdfunding which alerts consumers to the fact that crowdfunding is not a regulated activity. The notice can be found via the following...

Written Answers — Department of Finance: Banking Sector (9 Feb 2017)

Michael Noonan: I am not going to directly comment on the speculation of potential changes to financial regulation in the United States or other jurisdictions, which are a matter for the relevant legislators. The Financial Stability Group (the successor to the Principals' Group), which includes the Department of Finance, the Central Bank and the NTMA, is...