Results 4,141-4,160 of 27,019 for speaker:Michael Noonan

Written Answers — Disabled Drivers: Disabled Drivers (15 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 is refused, the person may appeal the refusal to the Disabled Drivers Medical Board of Appeal, National...

Written Answers — Budget Submissions: Budget Submissions (15 Dec 2011)

Michael Noonan: As the Deputy is aware it has been a standard practice of my Department to carry out an examination of the Budget Income Tax Measures using the Guidelines for Poverty Impact Assessment, prepared by the Social Inclusion Division in the Department of Social Protection under the National Action Plan for Social Inclusion 2007-2016 and before that, the National Anti-Poverty Strategy 1997-2007....

Taxation Agreements: Motions (16 Dec 2011)

Michael Noonan: I move the following motions: That Dáil Éireann approves the following Order in draft: Double Taxation Relief (Taxes on Income and Capital) (Federal Republic of Germany) Order 2011, a copy of which was laid before Dáil Éireann on 25th November, 2011.

Written Answers — Economic and Monetary Union: Economic and Monetary Union (11 Jan 2012)

Michael Noonan: Targeting an appropriate structural balance has been a feature of the European fiscal framework for a number of years already. To help ensure sustainable economic and budgetary policies, the structural balance is an appropriate tool, as it provides greater clarity on the underlying budgetary position by adjusting the headline fiscal position for short-term movements in the economic cycle....

Written Answers — Tax Code: Tax Code (11 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that charitable donations made via SMS text message, excluding any fees charged by the telecommunications provider or other service provider, are outside the scope of Irish VAT. Any fees charged by the telecommunications service providers in connection with the facilitation of donations are liable to VAT at the standard rate of 23%....

Written Answers — Vehicle Registration: Vehicle Registration (11 Jan 2012)

Michael Noonan: The registration plate in place under the current system allows members of the public and car buyers to ascertain, at a glance, both the year and county of registration of a vehicle. It is seen as a simple and effective registration plate system which is indeed the envy of many European registration authorities, including the UK. A move to a more complicated plating system, using variations...

Written Answers — Motor Taxation: Motor Taxation (11 Jan 2012)

Michael Noonan: I do not intend to seek to replace the current system of motor tax with additional taxation on motor fuel. Motor tax receipts for 2011 were in the order of €1bn. Maintenance of the tax base would require an increase in fuel excise rates of more than 20 cent per litre, with direct negative impacts on the rate of inflation and economic competitiveness. Goods vehicles and other high usage...

Written Answers — Insurance Industry: Insurance Industry (11 Jan 2012)

Michael Noonan: Neither the Central Bank nor I, as Minister for Finance, have powers to compel insurance companies to quote for business. The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter for individual insurers. I am advised that individual insurers make their own decisions in respect of areas that are deemed to be of risk of...

Written Answers — Tax Yield: Tax Yield (11 Jan 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the amount of the levy on authorised health insurers collected in the years 2009 to 2011 is as follows: Tax Year Amount 2009 €197million 2010 €317million 2011 €346million The 2011 figure is provisional and subject to revision. The rates of payment of age related tax credits (ARTC) for the different categories each year are as...

Written Answers — Motor Taxation: Motor Taxation (11 Jan 2012)

Michael Noonan: The legislation governing Vehicle Registration Tax provides that a vehicle may be registered without payment of VRT if the vehicle is the personal property of an individual and is being brought permanently into the State by the individual when he/she is transferring his/her normal residence from a place outside the State to a place in the State. This exemption (referred to as Transfer of...

Written Answers — Tax Reliefs: Tax Reliefs (11 Jan 2012)

Michael Noonan: A Minister or a Minister of State, whose official duties as an office holder or as a member of the Oireachtas require him or her to maintain a second residence in addition to his or her main residence, can claim an income tax deduction in respect of expenses incurred in maintaining that second residence. The allowance is confined to office holders who represent constituencies outside the...

Written Answers — Credit Availability: Credit Availability (11 Jan 2012)

Michael Noonan: As the Deputy may be aware, the Credit Review Office was established to help SME or farm borrowers who have had an application for credit of up to €500K declined or reduced, and who feel that they have a viable business proposition. The CRO also look at cases where borrowers feel that the terms and conditions of their existing loan, or a new loan offer, are unfairly onerous or have been...

Written Answers — Gambling Regulations: Gambling Regulations (11 Jan 2012)

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 — Banking Sector Regulation: Banking Sector Regulation (11 Jan 2012)

Michael Noonan: Neither the Central Bank nor the Department of Finance has a statutory function in relation to interest rate decisions made by individual lending institutions at any particular time. However, I can confirm to the Deputy that Permanent TSB did pass on, in full, the recent reductions to customers holding standard variable rate (SVR) mortgages and reduced further their LTV standard variable...

Written Answers — Tax Code: Tax Code (11 Jan 2012)

Michael Noonan: The position is that the Universal Social Charge (USC) does not apply to social welfare payments or payments of a similar nature. However, I should point out that occupational pensions are liable to the USC, if the payment is greater than the exemption limit, which from 1 January 2012 is €10,035 per annum.

Written Answers — Tax Reliefs: Tax Reliefs (11 Jan 2012)

Michael Noonan: As I stated in my Budget speech, the Government has now fulfilled its commitment contained in the Programme for Government to increase the rate of mortgage interest relief to 30 per cent for first-time buyers who took out their first mortgage in the period 2004 to 2008. The individuals in question do not qualify for the increased rate of mortgage interest relief, however, they should be able...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (11 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that they are contacting the person concerned to obtain the full details necessary to issue the tax credit certificate.

Written Answers — Government Bonds: Government Bonds (11 Jan 2012)

Michael Noonan: Data supplied to my Department by the Central Bank of Ireland concerning the average maturity of Government bonds issued since 1990 is set out in the accompanying table. The Deputy should be aware that the information only pertains to Government bonds on the Central Bank's register and shows the simple average maturity on first issuance of new Government bonds in each year. Average...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (11 Jan 2012)

Michael Noonan: I am informed by the respective covered institutions that no payments, as described in the Deputy's question, have occurred. For the sake of completeness, the Deputy should be aware that payments other than bonus payments of the type referred to in his question continue to arise. For example, sales commission payments continue to be paid in some of the covered institutions where this is an...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (11 Jan 2012)

Michael Noonan: In 2009 the Exchequer funded a €4 billion capital injection into Anglo Irish Bank. In 2009 also there was a frontloading of the 1% of GNP Exchequer contribution to the National Pensions Reserve Fund (NPRF) for 2009 and 2010 to part-fund the recapitalisations of Allied Irish Bank (AIB) and Bank of Ireland (BOI) announced in February 2009. The total sum transferred from the Exchequer to the...