Results 26,121-26,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Help-To-Buy Scheme Administration (28 Feb 2017)

Michael Noonan: I assume the Deputy is referring to the Help to Buy incentive which was initially announced on 19 July 2016 as part of 'Rebuilding Ireland: Action Plan for Housing and Homelessness' and was legislated for in Finance Act 2016. The initiative aims to assist a first-time purchaser to fund the deposit required to purchase or self-build a new property to serve as their...

Written Answers — Department of Finance: Property Tax Assessments (28 Feb 2017)

Michael Noonan: Local Property Tax (LPT) is a self-assessed tax, which places the onus on the property owner to calculate the tax due based on his or her calculation of the market value of the property. The person in question filed the statutory LPT return in 2013 confirming the value of the property to be in Valuation Band 2. The person also claimed an exemption from LPT on the basis of pyritic damage...

Written Answers — Department of Finance: Vehicle Registration (28 Feb 2017)

Michael Noonan: The requirement to register a vehicle is provided for in Part II, Chapter IV of the Finance Act 1992.  This legislation provides that unregistered vehicles may only be held by authorised persons (usually motor dealers) or where the vehicle is the subject of an exemption and provides for a range of offences and penalties including fines and forfeiture of the vehicle.  Where a person...

Written Answers — Department of Finance: Public Private Partnerships (28 Feb 2017)

Michael Noonan: The Deputy refers to unitary payments towards PPPS undertaken under the European Fund for Strategic Investments (EFSI) and to contributions to a project co-financed by EFSI. These are not the same thing. Public Private Partnership (PPP) unitary payments for infrastructure projects, including those co-financed under EFSI constitutes general government expenditure and...

Written Answers — Department of Finance: Banking Sector Regulation (28 Feb 2017)

Michael Noonan: I am informed by the Central Bank that no event of default occurred concerning Irish banks in 2008 in respect of the agreements governing their borrowing from the Bank.

Written Answers — Department of Finance: Tax Code (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 245 to 250, inclusive, together. I am advised by Revenue that, in principle, stamp duty is payable on the documentation concerning the purchase of loans where the standard stamp duty criteria are met, i.e. essentially where: - the document effecting the transfer is executed in the State (of Ireland); - the debt is deemed to comprise property (whether real or...

Written Answers — Department of Finance: Knowledge Development Box (28 Feb 2017)

Michael Noonan: I am advised by Revenue that relief in respect of the Knowledge Development Box will be claimed for the first time on the 2016 Corporation Tax returns. As the bulk of these returns will be filed later this year, the information requested by the Deputy cannot be provided until early 2018 when these returns have been filed and analysed.

Written Answers — Department of Finance: Tax Compliance (28 Feb 2017)

Michael Noonan: I am advised by Revenue that the number of compliance interventions (including audits) carried out in relation to Research and Development tax credit claims in each of the years 2012 to 2016, and the number which resulted in a reclaim of credits, is as follows: Year Number of Interventions Total yield €'000 Number Resulting in a Reclaim 2012 49 €5,413 25 2013 105...

Written Answers — Department of Finance: Tax Credits (28 Feb 2017)

Michael Noonan: It is assumed that the Question is referring to the expenditure associated with claims for research and development (R&D) tax credits in each year. I am informed by Revenue that, while the gross R&D expenditure is not directly recorded on Corporation Tax records, based on extrapolating from information included in returns and using the tax credit rate of 25 per cent,...

Written Answers — Department of Finance: Stamp Duty (28 Feb 2017)

Michael Noonan: Section 126AA of the Stamp Duties Consolidation Act 1999 applies to holders of banking licences and building societies in 2011 that collected and paid over more than €100,000 in Deposit Interest Retention Tax (DIRT) in that year. The section provides for a bank levy, equal to 35% of the amount of DIRT paid in 2011. The bank levy applies for a three year period covering the years 2014...

Written Answers — Department of Finance: Film Industry Tax Reliefs (28 Feb 2017)

Michael Noonan: I am advised by Revenue that statistical information relating to the beneficiaries of film relief under the current scheme can be found on their website at the following links: 2015 beneficiaries: 2016 beneficiaries: Film projects do not begin and end to coincide with calendar years meaning it is difficult to provide definitive figures for the number of jobs that the relief supported for...

Written Answers — Department of Finance: Tribunals of Inquiry Data (28 Feb 2017)

Michael Noonan: Over 30 Tribunals of Inquiry have been established under the Tribunals of Inquiry (Evidence) Acts 1921 to 2011. These are set out in the following table, which does not include the forthcoming Charleton Tribunal. In the time available, it was not possible to collate the details requested regarding the number of days each Tribunal sat for and the gross cost of each Tribunal. In...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (28 Feb 2017)

Michael Noonan: I am advised by Revenue that it is currently not possible to provide a definitive figure for the cost of the Employment Investment Incentive (EII) scheme to the Exchequer for 2016, as all of the relevant returns for that year have not yet been collected. However, based on uptake to date, Revenue estimate the cost of the scheme for 2016 to be in the region of €32.5...

Written Answers — Department of Finance: Tax Exemptions (28 Feb 2017)

Michael Noonan: I am advised by Revenue that the exemption from capital gains tax referred to by the Deputy applies to properties acquired in the period commencing on 7 December 2011 and ending on 31 December 2014 which are held for a minimum period of seven years. Accordingly, the earliest date that properties acquired in the relevant period can qualify for the exemption will be 7 December 2018. It is...

Written Answers — Department of Finance: Tax Yield (28 Feb 2017)

Michael Noonan: I am advised by Revenue that the available data from 2007 to 2016 in respect of Stamp Duty on share transactions are in respect of all share transactions (separate information on receipts from Irish Stock Exchange transactions is not available) and the data can be found on the statistics webpage of the Revenue website at.

Written Answers — Department of Finance: Tax Yield (28 Feb 2017)

Michael Noonan: I am informed by Revenue that the 2016 receipts from Traditional Betting (instore), Remote Betting (online) and Betting Intermediary Duty on Commissions are as follows. It should be noted that these figures are provisional in nature and may be subject to revision. - Traditional Betting Remote Betting Betting Intermediary Commissions Total - €m €m €m €m 2016...

Written Answers — Department of Finance: Tax Exemptions (28 Feb 2017)

Michael Noonan: I am informed by Revenue that due to their obligation to observe the confidentiality of taxpayers' information and the low number of REITS currently operating here, it is not possible to provide the information requested by the Deputy.

Written Answers — Department of Finance: Tax Reliefs Application (28 Feb 2017)

Michael Noonan: I assume the Deputy is referring to what is known as the flat rate expense regime. Under that regime, representatives of different categories of workers negotiate with Revenue for an entitlement to an expense deduction where the expense is wholly, exclusively and necessarily incurred in the performance of the duties of an office or employment. The regime has been developed over many years...

Written Answers — Department of Finance: State Banking Sector (28 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 263 and 264 together. As requested by the Deputy the following tables set out the proceeds from the disposal/redemption of bank investments, and income received from bank investments, since 2010. Table 1: Proceeds from disposal/redemption of investments in the banks: Year Transaction AIB BOI PTSB Total 2010 Cancellation of preference share warrants...

Written Answers — Department of Finance: Home Repossessions Rate (28 Feb 2017)

Michael Noonan: The Central Bank publishes mortgage arrears data on a quarterly basis. The next release is due in mid-March 2017 and will cover Quarter 4 of 2016. In the normal course of events it is expected that the Quarter 1 2017 data for 2017 will be published in June 2017. The most up to date information on repossessions published by the Central Bank is contained in the Residential Mortgage...