Results 4,041-4,060 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Code: Tax Code (7 Dec 2011)

Michael Noonan: As I said when I addressed the Dáil yesterday, the Government carefully considered the various options open to us in terms of taxation. I also said that one of the key objectives of the Government is to get people back to work. Indirect taxes have a less adverse impact on economic activity and employment, which is why Budget 2012 is focusing on indirect taxes such as VAT rather than on...

Written Answers — Tax Code: Tax Code (7 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the distinction between motor vehicles designed and constructed for the carriage of more than 16 persons, including the driver, and other motor vehicles has been in VAT legislation since its introduction in 1972. At that time such vehicles were liable to VAT at the low rate of VAT (16.37%) whereas other motor vehicles were liable to VAT at the...

Written Answers — Tax Code: Tax Code (7 Dec 2011)

Michael Noonan: The matter raised relates to the application of the carbon tax to solid fuels. As the Deputy is aware carbon tax does not currently apply to solid fuels and such taxation remains subject to a commencement order. The matter raised will be taken into consideration in the event of a decision to proceed with taxation of solid fuels.

Written Answers — Pension Provisions: Pension Provisions (7 Dec 2011)

Michael Noonan: I am assuming that the Deputy is referring to the number of persons with pension pots in excess of the Standard Fund Threshold (SFT). The SFT is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 with effect from 7 December 2005, to prevent over-funding of pensions through tax-relieved arrangements. The SFT limit was...

Written Answers — Disabled Drivers: Disabled Drivers (7 Dec 2011)

Michael Noonan: The initial application for a Primary Medical Certificate under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, is made to the Senior Medical Officer of the relevant local Health Service Executive administrative area. If the Primary Medical Certificate has been refused in this case, the named person may appeal the refusal to the Disabled Drivers Medical Board...

Written Answers — Tax Code: Tax Code (7 Dec 2011)

Michael Noonan: The Finance Act 2011 contains legislation that, subject to a Ministerial Commencement Order, provides for the extension of betting duty to remote bookmakers and betting exchanges. The tax changes provided for in the Finance Act can only be implemented once the Betting (Amendment) Bill, which will provide for a regulatory and licensing regime, is enacted. The Betting (Amendment) Bill 2011 is...

Written Answers — State Banking Sector: State Banking Sector (7 Dec 2011)

Michael Noonan: The following table sets out the information provided by the various institutions in relation to staff numbers in the relevant periods. The Deputy should be aware that there may be variations in how institutions calculate their respective headcounts. However, the year on year comparison in individual institutions is informative. Staff Numbers on institutions that have received State Aid. ...

Written Answers — State Banking Sector: State Banking Sector (7 Dec 2011)

Michael Noonan: As the Deputy will be aware, work is ongoing on a remuneration review in financial institutions covered by State guarantee. I have also stated that, when completed, I intend to place the details underpinning the review into the public domain. As part of that commitment, I recently released comprehensive details of the bonuses paid at Anglo Irish Bank since 2008 and committed out to 2012. I...

Written Answers — National Asset Management Agency: National Asset Management Agency (7 Dec 2011)

Michael Noonan: I am advised by NAMA that there is no restriction on NAMA borrowers, whether they be individuals or companies, refinancing themselves with financial institutions and investors located outside this jurisdiction subject to the refinancing proposal being commercially viable from NAMA's perspective.

Written Answers — Tax Code: Tax Code (8 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the Form P45 is a form prescribed by the Commissioners that is issued by employers to employees who cease in their employment. For the purposes of the reply, the Commissioners have assumed that the context in which the Deputy has tabled the question is that an employee is having difficulties obtaining a Form P45 from a former employer. I am...

Written Answers — Tax Code: Tax Code (8 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the internal review requested by the person concerned is ongoing. It has involved a detailed review of all relevant transactions and will be completed shortly.

Written Answers — Tax Code: Tax Code (8 Dec 2011)

Michael Noonan: VAT is a tax on the value added to a supply and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer. Under EU and domestic VAT rules traders who are registered for VAT collect VAT on the goods and services that they sell. In turn such traders are entitled to recover the VAT they incur on their business inputs used in the...

Written Answers — Tax Code: Tax Code (8 Dec 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that the reason a person (details supplied) in County Kildare has had maintenance payments deleted from their tax allowance is that this allowance is not due in this case. An individual is entitled to a deduction in arriving at total income in respect of legally enforceable maintenance payments made to a former spouse. Payments relating to a...

Written Answers — Tax Collection: Tax Collection (8 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the persons concerned have very significant tax debts including an apparent incapacity to pay current taxes that have recently fallen due for payment. This raises very serious concerns for Revenue about the appropriateness of a phased payment arrangement when current debts are not being paid. I am further advised by the Revenue Commissioners...

Written Answers — State Banking Sector: State Banking Sector (8 Dec 2011)

Michael Noonan: Neither the Central Bank nor I, as Minister for Finance, have a statutory role in the setting of interest rates charged or paid by financial institutions regulated by the Central Bank. However, I can confirm to the Deputy that Permanent TSB did pass on, in full, the recent reduction to customers holding standard variable rate mortgages. Ultimately the pricing of financial products,...

Written Answers — Proposed Legislation: Proposed Legislation (8 Dec 2011)

Michael Noonan: The details supplied with the question do not indicate what particular aspect of future legislation relating to private pensions the individual may be concerned about. In my Budget speech earlier this week, I made reference to the sizeable contribution being made by private pension savings towards resolving the difficulties we are facing. I made the point that while I do not propose to move...

Written Answers — State Banking Sector: State Banking Sector (8 Dec 2011)

Michael Noonan: As the Deputy is aware, Anglo Irish Bank Corporation Limited changed its name to Irish Bank Resolution Corporation Limited (trading as IBRC) on 14 October 2011. The Bank has informed me that a significant part of this renaming and rebranding project was managed using internal resources. The main components of the project included the development of a new brand identity for IBRC and the...

Written Answers — Tax Yield: Tax Yield (8 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the available information on revenue raised through the sale of alcohol is in respect of Alcohol Products Tax and VAT. Details are as follows: Alcohol Products Beer Spirits Wine Cider Total Tax € m € m € m € m € m 2005 457.3 319.8 195.1 66.1 1,038.3 2006 460.7 338.0 209.2 69.2 1,077.1 2007 464.8 367.6 230.2 68.3 1,130.9 2008...

Written Answers — Ministerial Appointments: Ministerial Appointments (13 Dec 2011)

Michael Noonan: I propose to take Questions Nos. 86 and 87 together. I have appointed Mary Kenny and Eoin Dorgan as special advisers. The salary for both advisers has been €83,337 per annum since their appointment. The Civil Service Code of Standards and Behaviour (September 2004) sets out the terms and conditions of service, including the engagement in political activity, of all civil servants...

Written Answers — Tax Yield: Tax Yield (13 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that it is not possible to provide a precise breakdown of the net receipts of Stamp Duties on a county basis. However, on the basis of information derived from the processing of property transactions in 2010, an indication of the amount of stamp duties associated with properties located in the various counties can be provided as follows, together...