Results 25,921-25,940 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Settlements (21 Feb 2017)

Michael Noonan: Revenue has advised me that where there is open and honest engagement by the mortgagee in dealing with a TRS overpayment, then every effort is made to agree a viable solution that takes account of his/her personal and financial circumstances. The Deputy should advise the person in question to immediately make contact with the TRS Helpline on lo-call 1890 263646. Once contact is made, Revenue...

Written Answers — Department of Finance: Tax Reliefs Abolition (21 Feb 2017)

Michael Noonan: The Deputy will be aware that there is a commitment in the Programme for a Partnership Government to retain mortgage interest relief (MIR) beyond the current end date on a tapered basis. As legislation currently provides for the relief to continue to end-December 2017, it was not necessary to include legislation in Finance Bill 2016 to provide for the tapered extension of the...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: It is assumed that the Deputy is referring to the Income Tax relief available on fees paid for nursing homes.  I am advised by Revenue that the following table sets out both the number of claimants and the cost to the Exchequer regarding health expenses specifically relating to nursing homes for the years 2009 to 2014, the latest year for which data are available. Year Numbers Cost...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 156 and 157 together. From October 2015, the operation of nursing homes became eligible to qualify for the Employment Investment Incentive (EII) scheme.  I am informed by the Revenue Commissioners that there are currently no such companies in receipt of EII investment for the years 2015 or 2016 based on using NACE code sector identifiers on Revenue...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 158 and 159 together. In relation to Parliamentary Questions Nos. 158 and 159, I am advised by Revenue that a Costs of Tax Expenditures Table is available on the Revenue Statistics webpage at http://www.revenue.ie/en/about/statistics/costs-expenditures .html.  This table provides an annual breakdown of the cost to the Exchequer for the 'Retirement Relief...

Written Answers — Department of Finance: Consultancy Contracts (21 Feb 2017)

Michael Noonan: Work is ongoing on the preparation of a draft Central Bank consolidation Bill which is a substantial and complex piece of legislative reform. A tender was awarded to Matheson to assist the Department in the process. The tender was awarded for a fixed fee of €100,000, however, no monies have been paid to date.

Written Answers — Department of Finance: Departmental Correspondence (21 Feb 2017)

Michael Noonan: I am happy to inform the Deputy that a detailed response issued on 20/02/2017 to the correspondence he refers to in his question.  I trust the Deputy will be satisfied with the response.

Written Answers — Department of Finance: Tax Avoidance (21 Feb 2017)

Michael Noonan: In my Financial Statement to the House on 11 October 2016 I indicated that I would act to restrict the opportunity for offshore defaulters to use the voluntary disclosure regime with effect from May 2017.  In line with this undertaking, section 56 of the Finance Act 2016 provides that, as and from 1 May 2017, the making of a qualifying disclosure will not be permitted where the tax...

Written Answers — Department of Finance: Tax Reliefs Data (21 Feb 2017)

Michael Noonan: I am advised by Revenue that a Costs of Tax Expenditures table is available on the Revenue Statistics webpage at . This table provides an annual breakdown of the cost to the Exchequer for the 'Rent-A-Room' relief from the years 2004 to 2014, the latest year for which data are available. The table will be updated in due course as newer information becomes available. The threshold for the...

Written Answers — Department of Finance: VAT Exemptions (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 164 and 165 together. Schedule 1 of the Value-Added Tax Consolidation Act 2010 lists the activities that are exempt from VAT which includes the provision of services by a funeral undertaker but does not extend to the supply of graves. The supply of a grave in a graveyard that is more than 5 years old is also exempt from VAT, but the supply of a grave in a...

Written Answers — Department of Finance: Customs and Excise Controls (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 166 and 171 together. The Government's position in relation to the border with Northern Ireland in the context of BREXIT is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a hard border, and minimal impact on business and trade are key objectives.  Like all Government agencies,...

Written Answers — Department of Finance: Information and Communications Technology (21 Feb 2017)

Michael Noonan: I wish to advise the Deputy that my Department has not incurred any cost in upgrading of Information Technology Systems and Databases to incorporate the use of Eircode. Since the introduction of Eircode, efforts made by my Department in implementing it include incorporating Eircodes into all departmental/office addresses on our websites, on new stationery and in email signatures. In...

Written Answers — Department of Finance: Tax Code (21 Feb 2017)

Michael Noonan: Ireland has a number of different rates which are applicable within our corporation tax regime. Primarily we have our headline rate of 12.5%. The 12.5% rate is for trading income unless the income is from an excepted trade in which case the rate is 25%.  Excepted trades include certain land dealing activities, income from working minerals and petroleum activities. Ireland also...

Written Answers — Department of Finance: Motor Insurance Regulation (21 Feb 2017)

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...

Written Answers — Department of Finance: NAMA Assets Sale (21 Feb 2017)

Michael Noonan: I am taking the Deputy's question to refer to the Office of the Comptroller and Auditor General's current review of NAMA as required under Section 226 of the NAMA Act 2009. The Deputy will be aware that the Office of the Comptroller and Auditor General's Section 226 review which "shall assess the extent to which NAMA has made progress toward achieving its...

Written Answers — Department of Finance: Brexit Issues (21 Feb 2017)

Michael Noonan: Ireland has a strong and unequivocal position on our priorities for dealing with Brexit. These are minimising the impact on trade and the economy, protecting the Northern Ireland Peace Process, maintaining the Common Travel Area and influencing the future of the European Union. As the Taoiseach has stated publicly, the Irish Government will oppose a hard border, argue for free movement...

Written Answers — Department of Finance: Pension Provisions (21 Feb 2017)

Michael Noonan: I am informed by Revenue that an individual in a defined contribution pension savings arrangement has the option of putting the funds accumulated under the arrangement into an Approved Retirement Fund (ARF) on retirement, subject to conditions. Where such an individual is under the age of 75 at the time of exercising the option and does not meet the requirement of having a minimum...

Written Answers — Department of Finance: EU Funding (21 Feb 2017)

Michael Noonan: The Government is focused on protecting and advancing Ireland's interests before during and after the negotiations. Our priorities are clear: minimising the impact on trade and the economy, protecting the Northern Ireland Peace Process, maintaining the Common Travel Area, and influencing the future of the European Union. A critical part of our work is  ensuring that our priorities...

Written Answers — Department of Finance: Brexit Issues (22 Feb 2017)

Michael Noonan: The Government's position in relation to the border with Northern Ireland in the context of BREXIT is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a hard border, and minimal impact on business and trade are key objectives.  Like all Government agencies, the Revenue Commissioners are actively engaged in...

Written Answers — Department of Finance: VAT Rate Application (22 Feb 2017)

Michael Noonan: The submission referred to by the Deputy concerns an open Public Consultation process launched by the Commission to obtain the views of the public and business relating to VAT rates.  I do not propose to contribute through this public consultation mechanism, as Member States will have ample time to consult in advance of the publication of the proposal and in the subsequent discussions at...