Results 4,221-4,240 of 27,019 for speaker:Michael Noonan

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jan 2012)

Michael Noonan: The assessment and application of the stress tests of Irish Banks is not a function of the Department of Finance but the Central Bank has informed me that it is preparing its plans for the 2012 Financial Measures Programme, including the nature, timing and specification of solvency stress tests. The activities proposed in these plans are subject to the review by, and agreement with, the...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jan 2012)

Michael Noonan: The assessment and application of the stress tests of Irish Banks is not a function of the Department of Finance but the Central Bank has informed me that the solvency stress test applied by the Central Bank of Ireland in 2011 was used to recapitalise the Irish guaranteed institutions. The stress test scenarios were designed to represent extreme but plausible events, but they were not...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that, based on the information currently available, the weekly income of the person concerned will be reduced by an amount of €9.94 per week. Revenue will be contacting the person concerned directly to ensure that the details on record are up to date.

Written Answers — Tax Collection: Tax Collection (12 Jan 2012)

Michael Noonan: I am informed by the Revenue Commissioners that as the person concerned has an annual income in excess of €10,036 he is liable for the Universal Social Charge. The rates of the charge are 2% on amounts up to €10,036 (€193 weekly), 4% thereafter on amounts up to €16,016 (€ 308) weekly, and 7% on income over €16,016. A Tax Credit and Universal Social Charge Certificate for the...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 89 to 93, inclusive, together. I am informed by the Revenue Commissioners that figures of the numbers of Capital Acquisitions Tax (CAT) returns filed in the years 2001 to 2010, as published in the "Volume of Business" table of their Annual Reports, are as shown in the following table. Year Inland Revenue Affidavits Gift/Inheritance and Discretionary Trust...

Written Answers — Tax Audits: Tax Audits (12 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the overall approach to tackling compliance is to examine all the tax risks to the Exchequer and to make the appropriate intervention in carefully selected cases. By carefully selecting the cases for intervention, and carefully choosing the type of intervention, Revenue maximises the use of resources, and minimises the compliance burden on...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: The Central Statistics Office, CSO, provides data on the number of deaths in a calendar year. I am advised by the CSO that the figures for deaths occurring in the year from 2005 to 2008 are as follows: Year 2005 2006 2007 2008 No. Deaths 28,260 28,488 28,117 28,274 Information for 2009 and 2010 is currently only available on the number of deaths registered in those years, as opposed to...

Written Answers — Tax Code: Tax Code (12 Jan 2012)

Michael Noonan: I propose to take Questions No 96, to 98, inclusive, together. I am informed by the Revenue Commissioners that the relevant available figures are as follows: TABLE 1 Year Taxable Benefits - Form IT38€ million € million Death Gift 2001 903 286 2002 1,095 371 2003. 1,068 723 2004 1,696 408 2005 2,110 672 2006 2,542 1,026 2007 3,374 1,726 2008...

Written Answers — Tax Yield: Tax Yield (12 Jan 2012)

Michael Noonan: I propose to take Questions Nos. 99 and 100 together. In preparing forecasts for capital acquisition tax receipts, the methodology adopted by my Department involves the estimate of the outturn for the outgoing year. This becomes the base for the preparation of the projection for the forecast year. The resulting projected outturn is then adjusted as necessary to take account of the effects...

Written Answers — Tax Yield: Tax Yield (12 Jan 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the breakdown of yield from Capital Acquisitions Tax (CAT) for the years in question is as follows: Year Inheritance tax€m Gift tax€m Discretionary Trust tax €m Probate tax€m 2009 201.6 50.5 2.9 0.6 2010 86.2 46.8 3.0 0.5 On the basis of the taxable values of gifts or inheritances liable to tax, the breakdowns of the 2009 and 2010...

Written Answers — Fiscal Policy: Fiscal Policy (17 Jan 2012)

Michael Noonan: 1I understand that the Deputy is referring to the possibility of securing private capital, both from home and abroad, to establish a fund which would help stimulate growth and provide jobs. As previously outlined in my reply to the Deputy on 11 January, one of the primary avenues the Government has used to explore such possibilities is through the Global Irish Economic Forum. The first...

Written Answers — Copyright Law: Copyright Law (17 Jan 2012)

Michael Noonan: 1In response to the Deputy's question I can confirm that copyright protection in relation to the National Anthem will run out in December 2012. The main purpose of ownership by the State of the copyright to the original version of the National Anthem was to ensure that it was freely available for general use. The situation will remain unchanged on the expiry of copyright. Records show that...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: 1The amount on which VAT is chargeable, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, is the total consideration receivable by the supplier, "including all taxes, commissions, costs and charges whatsoever" but not including the VAT itself. VAT is governed by the EU VAT Directive, with which Irish VAT law must comply. Article 78 of the VAT Directive...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: 2057I am informed by the Revenue Commissioners that, having reviewed the circumstances of the person in question, they have arranged for the issue of an amended certificate of tax credits for the year 2012 which will reflect the correct DSP pension that is payable in respect of the person and his spouse and allocate the correct amount of tax credits due to the person. I understand that...

Written Answers — Tax Collection: Tax Collection (17 Jan 2012)

Michael Noonan: 1I propose to take Questions Nos. 129, 131 and 140 together. I am informed by the Revenue Commissioners that the data in question was supplied by the DSP to Revenue and at the end of November 2011, Revenue advised my Department that the aggregate amount of additional tax likely to be collected from the exchange of pensions data from the DSP to Revenue and other compliance activities with the...

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: 1I am advised by the Revenue Commissioners that the supply of printed material, including UK publications, is liable to VAT. The general position is that books are zero-rated, newspapers and periodicals are subject to VAT at the reduced rate (currently 9%) and stationery and other printed material are liable at the standard rate (currently 23%).

Written Answers — Departmental Staff: Departmental Staff (17 Jan 2012)

Michael Noonan: 1I propose to take Questions Nos. 132, 133 and 146 together. I am advised by the Revenue Commissioners that the telephone calls resulting from the issuing of letters to pensioners following the updating of DSP pension information onto Revenue's records are being handled through the Commissioners general PAYE lo-call telephone service. The number of staff engaged on PAYE telephone duties...

Written Answers — Departmental Bodies: Departmental Bodies (17 Jan 2012)

Michael Noonan: 1In the timeframe allowed, it has not been possible to collate the information requested. However, as soon as the information for my Department and bodies under my aegis has been collated, it will be forwarded to the Deputy directly.

Written Answers — Departmental Staff: Departmental Staff (17 Jan 2012)

Michael Noonan: 1In the time allowed, it has not been possible to collate the information in respect of each organisation under the auspices of the Department of Finance. The details in respect of my Department are outlined in the following table. Number of staffwho retired in 2011 Total cost of lump sums Estimated pension costs in 2012 (gross) 20 €2,178,230.59 €719,662.25

Written Answers — Tax Code: Tax Code (17 Jan 2012)

Michael Noonan: 1I am advised by the Revenue Commissioners that letters regarding the taxation of State pensions issued to all individuals in receipt of such pensions who were also on Revenue records as having another source of income. The letter was issued to the named individual as Revenue were not informed her other source of income had ceased. The named individual contacted Revenue on 9th January 2012...