Results 25,941-25,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (22 Feb 2017)

Michael Noonan: My Department is engaged in a range of actions relating to the "Realising our rural potential: Action plan for rural development" including tax related measures for the farming and fisheries sectors. However, and as set out in the action plan, while I have no plans for additional tax incentive schemes targetted specifically at the owners of...

Written Answers — Department of Finance: NAMA Debtors (22 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 96 and 97 together. In response to the Deputy, I am advised it is not possible within the time allowed to provide the range of information sought and having regard to the time period in question. This information is being compiled and I will arrange for a further reply to be provided in line with Standing Orders.

Written Answers — Department of Finance: Tax Collection (22 Feb 2017)

Michael Noonan: It is an offence, under section 1078(2)(a) of the Taxes Consolidation Act 1997, to knowingly or wilfully deliver an incorrect return, statement or accounts or knowingly or wilfully furnish any incorrect information in connection with any tax. I am advised by Revenue that, between the years 2007 and 2016, no prosecutions were instituted for the delivery of an incorrect income tax return...

Written Answers — Department of Finance: Tax Reliefs Costs (22 Feb 2017)

Michael Noonan: I am advised by Revenue that a Costs of Tax Expenditures Table is available on the Revenue Statistics webpage at www.revenue.ie/en/about/statistics/costs-expenditures.html. This table provides an annual breakdown of the cost to the Exchequer for 'Health Expenses' from the years 2004 to 2014, the latest year for which data are available.  The table will be updated in due course as newer...

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (23 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, or...

Written Answers — Department of Finance: Public Private Partnerships (23 Feb 2017)

Michael Noonan: I am informed by my colleague the Minister for Public Expenditure and Reform, who has responsibility for national policy on Public Private Partnerships (PPPs), that PPPs offer an alternative model for delivering infrastructure that can be effective in particular circumstances. He adds, however, that the long-term nature of the financial commitments arising under PPPs require that the use of...

Written Answers — Department of Finance: European Fund for Strategic Investments (23 Feb 2017)

Michael Noonan: The repayment of EFSI loans, entered into by the State, constitutes general government expenditure and, therefore, needs to be taken into account from a fiscal rules perspective. I want to assure the Deputy that the Government is fully aware of the importance and need for capital investment and is implementing a number of measures to provide additional public infrastructure. For...

Written Answers — Department of Finance: Revenue Commissioners Legal Cases (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 117 and 118 together. It is an offence, under section 1078(2)(a) of the Taxes Consolidation Act 1997, to knowingly or wilfully deliver an incorrect return, statement or accounts or knowingly or wilfully furnish any incorrect information in connection with any return. I am advised by the Revenue Commissioners that, between the years 2007 and 2016,...

Written Answers — Department of Finance: Corporate Governance (23 Feb 2017)

Michael Noonan: I am advised by Revenue that they do not prosecute for offences under the Companies Act. This is a matter for the Director of Corporate Enforcement.

Written Answers — Department of Finance: Capital Allowances (23 Feb 2017)

Michael Noonan: I am advised by Revenue that the "Living over the Shop" scheme was one of a suite of capital allowances schemes which have now terminated and, in relation to this particular scheme, relief is not available for any capital expenditure incurred after 31 July 2008. The scheme only applied in the five cities of Dublin, Cork, Galway, Waterford and Limerick and therefore did not have application in...

Written Answers — Department of Finance: Revenue Documents (23 Feb 2017)

Michael Noonan: I am advised by Revenue that taxpayers are encouraged to self-manage their tax affairs using the suite of online facilities provided by Revenue. This includes the submission of health expenses claims (Med 1 form), using the online facilities as the quickest, most secure and most efficient way to get a refund of tax to which the taxpayer may be entitled. I am aware that Revenue has made and...

Written Answers — Department of Finance: Departmental Records (23 Feb 2017)

Michael Noonan: My Department has its own offsite file storage facility in a business park in Finglas Dublin 11. As well as managing its own files, the Department provides file management services to the Department of Public Expenditure and Reform.  Files that are 20 years or older, in addition to files that are due to be archived, are stored in the Department's off-site storage facility. Files...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 123 to 125, inclusive, together. I am advised by the Revenue Commissioners that the Revenue Statistics webpage contains detailed information on Capital Acquisitions Tax (CAT) and other taxes. A breakdown of CAT net receipts for 2011 to 2015, including inheritance tax, is shown at:. The estimated yield from inheritance tax for 2016 is €385 million. In...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 126 to 128, inclusive, together. I am informed by Revenue that the yield from the Carbon Tax on each product in each year 2013 to 2015 is published on the Revenue website at the following link: . The revenue raised on each product for 2016 is provided in the following table. Please note that the yield for 2016 is provisional and may be subject to revision. ...

Written Answers — Department of Finance: Tax Reliefs Data (23 Feb 2017)

Michael Noonan: I am advised by the Revenue Commissioners that the number of mortgage accounts in receipt of tax relief at source in respect of mortgage interest in each year from 2012 to 2016, is as set out in the following table. Year Number of Mortgage Accounts 2012 355,400 2013 351,200 2014 331,200 2015 310,400 2016* 297,800* *Estimated Estimates for 2017 are tentative because they depend on...

Written Answers — Department of Finance: Tax Credits (23 Feb 2017)

Michael Noonan: I am informed by the Revenue Commissioners that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2014 is as follows:  Year R&D Tax Credit €'m Number of Claims 2012 281.9 1,543 2013 421.4 1,576 2014 553.3 1,570 The tax cost for 2015 has not yet been finalised as returns are currently...

Written Answers — Department of Finance: General Government Debt (23 Feb 2017)

Michael Noonan: General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. The National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National Debt is the principal component of...

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael Noonan: I am advised by Revenue that the total Corporation Tax, Value Added Tax (VAT) and PAYE Income Tax & Universal Social Charge payments by businesses in the aircraft leasing industry for the years requested are as shown in the following table. Information in respect of Customs Duty and Stamp Duty paid by aircraft leasing companies is not readily available. I am informed that the figures...

Written Answers — Department of Finance: Tax Code (23 Feb 2017)

Michael Noonan: The following taxation provisions are due to expire at the end of 2017. However, in the case of Item 7 the expiry date might, in the circumstances described below, be before the end of 2017. Item Legislative Provision Brief Description 1 Section 244 Taxes Consolidation Act (TCA) 1997 This section provides for tax relief in respect of interest paid on qualifying home loans. In general, it...

Written Answers — Department of Finance: Revenue Commissioners Audits (23 Feb 2017)

Michael Noonan: I believe the Deputy is referring to Revenue's National Contractors' Project, which started in July 2013. In the period 1 July 2013 to date, 746 audits of contracting companies and a further 547 audits of directors of those companies have been concluded. Additional tax, interest and penalties of €18.6 million has been collected. 61 cases remain under audit.