Results 26,961-26,980 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Mitigation Plan (30 May 2017)

Michael Noonan: My Department is participating in a whole-of-Government approach led by the Minister for Communications, Climate Action and Environment, in respect of the formulation of the National Mitigation Plan.   Sectoral mitigation proposals have been put forward by Departments with sectoral responsibility, as follows: 1. Department of Communication, Climate Action and Environment 2. Department of...

Written Answers — Department of Finance: Tax Compliance (30 May 2017)

Michael Noonan: Pension income is subject to income tax in the same way as other income. Irish pension income is taxable under Schedule E, as set out in section 19 of the Taxes Consolidation Act (TCA) 1997, and foreign pension income is taxable under Schedule D, as provided for in section 18 of the TCA. An individual who is tax resident in Ireland is liable to Irish tax on his or her worldwide income...

Written Answers — Department of Finance: Fuel Laundering (30 May 2017)

Michael Noonan: The serious threat that fuel fraud poses to legitimate business, to consumers and the Exchequer is recognised and I am advised by Revenue that tackling this criminal activity has been one of their priorities over recent years. Revenue’s comprehensive strategy for combatting the illegal fuel trade has included the introduction of stringent new supply chain controls and reporting...

Written Answers — Department of Finance: Budget Measures (30 May 2017)

Michael Noonan: It is currently estimated that there will be a total negative carryover into 2018 as a result of Budget 2017 tax measures in the region of €170 million.  It is important to point out that the exact impact of carryover will be reviewed as part of the normal Budgetary process, as there are a lot of moving parts to be considered, such as economic growth, take up of various...

Written Answers — Department of Finance: Tax Yield (30 May 2017)

Michael Noonan: It is inherently difficult to estimate the revenue the introduction of any new tax proposal would yield, however, the introduction of an aggregate levy was examined and presented in a paper to the Tax Strategy Group in 2015.  This paper, TSG15/06 Energy and Environmental Taxes and Vehicle Registration Tax, is available my Departments website. At that time is was estimated that a...

Written Answers — Department of Finance: Tax Yield (30 May 2017)

Michael Noonan: I propose to take Questions Nos. 155 and 156 together. I am informed by Revenue that the expected yield from an increase in Excise on diesel of five cents per litre is estimated at €123m, as indicated in the Ready Reckoner on the Revenue website: . Section 99A of the Finance Act 1999 (inserted by Section 51 of the Finance Act 2013) provides for a repayment to qualifying road transport...

Written Answers — Department of Finance: World Bank (30 May 2017)

Michael Noonan: The World Bank Group comprises five institutions: the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA); the International Finance Corporation (IFC); the Multinational Investment Guarantee Agency (MIGA); and the International Centre for the Settlement of Investment Disputes (ICSID). The Minister for Finance is Ireland’s...

Written Answers — Department of Finance: European Bank for Reconstruction and Development (30 May 2017)

Michael Noonan: The Minister for Finance is Ireland’s representative on the Board of Governors at the European Bank for Reconstruction and Development (EBRD).  This mirrors the position of other countries which are members of the EBRD. Ireland shares a Constituency with Denmark, Lithuania and Kosovo in the EBRD. Denmark, Ireland and Lithuania have an agreement in place to rotate the three...

Written Answers — Department of Finance: Customs and Excise Controls (30 May 2017)

Michael Noonan: I am advised by Revenue that the three main Customs Airports (Dublin, Shannon and Cork) have permanently assigned officers in attendance. Goods and passengers arriving from 3rd Countries (countries outside the EU) may present for Customs clearance at these three airports. Decisions to undertake a visit or intervention at other aerodromes and airports, which are not authorised to receive...

Written Answers — Department of Finance: Vehicle Registration (30 May 2017)

Michael Noonan: I am informed by Revenue that, when registering the car on 12 May 2017, the operator in the Kells Centre inadvertently selected the incorrect car make code at the time of registration.  When the customer called back on 17 May 2017, the Revenue IT systems were down due to a technical fault and could not be accessed by either the Kells Centre or by Revenue for the day.  However, the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (30 May 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT, up to a certain limit, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Tax Rebates (30 May 2017)

Michael Noonan: As previously stated in response to the recent Parliamentary Question No. 150 of 16 May 2017, if the person concerned is dissatisfied with the decision, she has the option of lodging an appeal under Section 145 & 146 of Finance Act 2001 by writing to Revenue's Central Repayments Office, MTEK Building, Armagh Road, Monaghan. The independence of the Revenue Commissioners...

Written Answers — Department of Finance: VAT Registration (31 May 2017)

Michael Noonan: VAT is governed by the EU VAT Directive (Council Directive 2006/112/EC),with which Irish VAT law must comply. The thresholds for Ireland date from accession into the EU and the Directive only provides for the raising of those thresholds by Member States to maintain their value in real terms. That is, they may only be increased in line with inflation. The Irish VAT thresholds were increased...

Written Answers — Department of Finance: Revenue Commissioners Data (31 May 2017)

Michael Noonan: Revenue’s clear preference is always to engage positively with insolvent individuals who enter into Personal Insolvency or Debt Settlement arrangements and has to date agreed terms in five hundred cases since the Personal Insolvency Act was enacted. However Revenue can only ‘opt in’ to the process where the Personal Insolvency Practitioner on behalf of the insolvent...

Written Answers — Department of Finance: Liquor Licence Data (31 May 2017)

Michael Noonan: I propose to take Questions Nos. 118 to 122, inclusive, together. I am advised by Revenue that the average payment made by publicans holding an on-trade liquor licence in 2016 was €737 and that the average payment made by retailers in the off-trade holding beer, spirit and wine licences in 2016 was €1,265. Table 1 sets out the current cost of a wine, beer and spirit licence for...

Written Answers — Department of Finance: Liquor Licence Fees (31 May 2017)

Michael Noonan: The issue of applying turnover-based licensing to the off trade was considered in TSG15/05 General Excise Duties Tax Strategy Group paper in advance of Budget 2016, and is available on my Department's website: . In relation to the off-trade, a separate licence is required to sell spirits, wine, beer, cider or sweets for consumption off the premises. The duty for each licence is...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I thank all the Senators for this opportunity to address the House and to give a brief update on the progress made in returning Allied Irish Banks, AIB, to private ownership and the continued normalisation of the State's involvement in the Irish banking system. Yesterday evening, I published an intention to float, ITF, announcement, indicating that the Department of Finance is preparing for...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: Copies are coming across from the Department. As soon as they come, they will be distributed. The Senators will have to listen carefully until then.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: These disposals will also help reduce our elevated national debt and can foster further competition in the Irish banking market, by removing any perception of State interference that might dissuade new entrants. I have previously made the case, and it is this Government's firm view, that the State should not own and support banks when the capital markets are willing and able to provide this...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: If the Senator states her policy position, I will reply.