Results 3,921-3,940 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Reliefs: Tax Reliefs (29 Nov 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the total identifiable costs to the Exchequer of all income tax and corporation tax allowances, reliefs, exemptions and tax credits available are set out in the following tables for 2007 and 2008, the most recent year for which the necessary detailed historical information is available. Relevant notes relating to items in the tables are also...

Written Answers — Personal Debt: Personal Debt (29 Nov 2011)

Michael Noonan: The Bank of Ireland is a private company and, as Minister for Finance, I have no direct function in the relationship between the bank and its customers. Nonetheless, Bank of Ireland has informed me that, given their customer confidentiality obligations, they believe that the best way to deal with this matter is by means of direct contact from the customer to the bank.

Written Answers — Personal Debt: Personal Debt (29 Nov 2011)

Michael Noonan: It is not be appropriate for me, as Minister for Finance, to become involved in the detailed mortgage position of an individual borrower and lender. However, there are a number of public policy measures in place to assist people experiencing difficulties with the mortgage on their primary residence. The Central Bank Code of Conduct on Mortgage Arrears is the key framework that governs the...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: It is a long-standing practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: Savings Certificates and Savings Bonds are tax free to Irish residents. Interest is applied on these products at maturity, which is after 5.5 years for Savings Certificates and after 3 years for Savings Bonds, or on encashment, which could be at any stage during the life of the product. Bringing the products within the Deposit Interest Retention Tax regime would lead to an estimated yield...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Nov 2011)

Michael Noonan: Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php. The site includes many residential properties located in Dublin City and County and, in each instance, information about the firm dealing with the insolvency and its contact details are provided. Potential purchasers are...

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Nov 2011)

Michael Noonan: I do not propose to change the NAMA legislation at this stage. I propose to consider the advice of a senior international banker who recently reported to me on NAMA before deciding whether to initiate any changes to the agency's operations. As regards making properties available for social or community purposes, the NAMA Board has committed to giving first option to public bodies on the...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: Irish VAT law must comply with the terms of the EU VAT Directive and there are strict procedures to be followed as regards the application of VAT. The VAT Directive provides that VAT must be applied to all economic activity, including the supply of medical appliances to blind persons. Separate from this, Ireland operates a VAT refund mechanism for disabled persons who have purchased medical...

Written Answers — Medical Cards: Medical Cards (29 Nov 2011)

Michael Noonan: Issues relating to the eligibility criteria for medical cards for those over 65 years and over 70 years is a matter for the Minister for Health.

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer, estimated by reference to 2012 incomes, of increasing the existing exemption threshold of €4,004 per annum for the Universal Social Charge (USC) to €6,000 per annum and € 8,000 per annum would be in the region of €10 million and €25 million respectively. These figures are estimates from...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: The current group tax free threshold amounts for Capital Acquisitions Tax (CAT) are: €332,084 for group A (gifts/inheritances from parents to children), €33,208 for group B (gifts/inheritances from grandparents to grandchildren, from uncles/aunts to nieces/nephews, and between siblings) and €16,604 for group C (all other gifts/inheritances). I am advised by the Revenue Commissioners...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the estimated full year gain from increasing the rate of Capital Gains Tax (CGT) from 25% to 30% is €83 million, and from 25% to 35% is €167 million. However, these estimates assume no behavioural changes on the part of taxpayers, and large increases in rates such as are contemplated in the question may have a significant behavioural impact....

Written Answers — Departmental Expenditure: Departmental Expenditure (29 Nov 2011)

Michael Noonan: As it has not been possible to compile a comprehensive reply for the Deputy in the time allotted, I will write to him shortly with the relevant information. The Office of the Revenue Commissioners and Office of Public Works will provide information directly to the Deputy. The National Treasury Management Agency is the State Claims Agency. As such it is responsible for managing personal...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: With regard to comments made by the retail industry as regards VAT, I have announced that I will be proposing to Government an increase in the standard rate of VAT of 2 percentage points from 21% to 23%. This change is being introduced as part of a general package of revenue-raising measures to contribute to Exchequer funding and is in line with commitments made in the Programme for...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: I am informed by the Central Statistics Office that the CSO institutional accounts do not give an indication of the number of households or persons classified by the categories of wealth they hold. These statistics are based on aggregate information collected from financial institutions and do not contain the demographic details which would enable such a breakdown of the statistics. I am...

Written Answers — Departmental Expenditure: Departmental Expenditure (29 Nov 2011)

Michael Noonan: Responsibility for central policy in relation to procurement matters rests with the Department of Public Expenditure and Reform. However, the information sought by the Deputy is not held centrally and accordingly I have copied the Deputy's question to all Government departments and asked that they respond directly to the Deputy. In the case of my own Department, the relevant information...

Written Answers — Tax Code: Tax Code (30 Nov 2011)

Michael Noonan: All pre-budget submissions are examined and considered as part of the Budgetary process. The issue raised in the submission relates to potential Budgetary measures. It is the usual practice for the Minister for Finance not to speculate or comment in advance of the Budget what it will contain and I do not propose to deviate from that practice.

Written Answers — Tax Yield: Tax Yield (30 Nov 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the information sought by the Deputy is not directly available from the data maintained by them. However, on the basis of an estimation of the sectoral distribution of taxes collected annually, Revenue has tentatively estimated that the net income tax collected through the PAYE system from the public sector employees in 2010 was approximately...

Written Answers — Tax Rebates: Tax Rebates (30 Nov 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that PAYE Balancing Statements P21 for the years 2007 to 2010 issued to the person concerned on 17 November 2011 indicating that a rebate is not due.