Results 4,241-4,260 of 27,019 for speaker:Michael Noonan
- Written Answers — Tax Collection: Tax Collection (17 Jan 2012)
Michael Noonan: 1I am advised by the Revenue Commissioners that the amount by which the named individual's State pension was understated was â¬99. The additional tax to be deducted in 2012 amounts to â¬19.80. The named individual's Tax Credits for 2012 have been adjusted accordingly.
- Written Answers — Departmental Expenditure: Departmental Expenditure (17 Jan 2012)
Michael Noonan: 1The following table details the budget and provisional outturn figures for my Department in 2011. Subhead Budget 2011 â¬'000 Provisional Outturn 2011 â¬'000 Salaries, Wages and Allowances 17,757 17,472 Travel & Subsistence 306 289 Incidental Expenses 797 666 Postal and Telecommunications Services 775 712 Office Machinery and Other Office Supplies 980 977 Office Premises Expenses...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: 1The Jobs Initiative introduced last year brought forward a number of targeted sectoral measures and tax/PRSI changes designed to assist in employment generation, to provide opportunities for those who have lost their jobs and thus generate confidence in the economy. These included a new second reduced VAT rate of 9% aimed primarily at the tourism sector, a halving of the employers PRSI rate...
- Written Answers — Bank Deposits: Bank Deposits (17 Jan 2012)
Michael Noonan: 2057According to the Central Bank of Ireland's Money and Banking Statistics: Nov 2011, Irish private sector deposits stood at â¬183,660m in January 2009 and declined to â¬162,131m in November 2011, this being the latest available information. A breakdown of deposits in the requested categories can be found at http://www.centralbank.ie/polstats/stats/cmab/documents/ie_t...
- Written Answers — Tax Collection: Tax Collection (17 Jan 2012)
Michael Noonan: 1The Paymaster General's Office, which is part of my Department, makes payments to 24,764 pensioners on an agency basis for the Department of Public Expenditure and Reform, in the case of pensions charged to the Superannuation Vote or to the Central Fund, and for the Department of Education, in the case of retirees from the VECs whose pensions were formerly paid by the local authorities. At...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (17 Jan 2012)
Michael Noonan: 1I am aware of the interest rates charged by Permanent TSB. However, the lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. Ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for the management team and board of each lending...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (17 Jan 2012)
Michael Noonan: 1The lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. Ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for the management team and board of each lending institution, having due regard to their customers and the impact on...
- Written Answers — Tax Reliefs: Tax Reliefs (17 Jan 2012)
Michael Noonan: I am informed by the Revenue Commissioners that they are not in a position to provide a detailed reply on this matter within the timeframe for answering Parliamentary Questions. Accordingly, the Deputy will be contacted directly on this issue at an early date.
- Written Answers — Tax Reliefs: Tax Reliefs (17 Jan 2012)
Michael Noonan: The position is as I stated in my Budget speech, that 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. I will be looking at the technical detail of the legislation in preparation for the Finance Bill and I...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: I am advised by the Revenue Commissioners that the Age Tax Credit was reduced in value in Budget 2011 from â¬325 (single persons/widowed person/surviving civil partner) and â¬650 (married couple/civil partners) in the year 2010 to â¬245 and â¬490 respectively in 2011, which are also the current rates. The Age Tax Credit can be claimed by anyone aged 65 years or over and in the case of...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: As the Deputy is aware the previous Government introduced the Universal Social Charge (USC) in Budget 2011 in conjunction with a number of changes to the income tax system i.e. reduction in the value of credits and bands and significant changes to the PRSI rates and ceilings. The USC was amended in the Finance Act 2011 to address any unintended consequences which may have resulted in high...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: Based on the most recent information available to the Revenue Commissioners, the person concerned is exempt from the Universal Social Charge (USC) and income tax for the current tax year. When he receives his P60 for 2011 he should contact Mr. Diarmuid O'Connor, Revenue House, Blackpool, Cork (Tel 021-6027506) who will arrange for any refund that may be due.
- Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (17 Jan 2012)
Michael Noonan: I am unaware of the specific report to which the Deputy refers. I am informed by the Revenue Commissioners that a survey commissioned by Revenue and the Office of Tobacco Control in 2009 estimated that 20% of cigarettes consumed in the State had not been taxed in this jurisdiction. This figure was further broken down as 14% illicit product and 6% legally imported by passengers arriving into...
- Written Answers — Fuel Smuggling: Fuel Smuggling (17 Jan 2012)
Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of mineral oil tax and for tackling the illicit trade in fuel products, that the price in Northern Ireland for regular diesel and petrol is approximately 15% higher than in the State and that consequently illegal imports of these commodities are not an issue. However, illegal activity in the form of diesel fuel...
- Written Answers — Tax Yield: Tax Yield (17 Jan 2012)
Michael Noonan: I am informed by the Revenue Commissioners that the amounts raised in vehicle registration tax from 2001 to 2011 are as follows: â¬m 2001 788.0 2002 792.6 2003 819.5 2004 946.0 2005 1,148.8 2006 1,287.4 2007 1,406.1 2008 1,120.8 2009 375.4 2010 383.5 2011 (Prov) 387.4 It should be noted that the 2011 figure is provisional at this time and is subject to change.
- Written Answers — EU-ECB-IMF Reviews: EU-ECB-IMF Reviews (17 Jan 2012)
Michael Noonan: The costs of the quarterly reviews by the European Commission, the ECB and the IMF are entirely a matter for the bodies concerned. The Irish authorities do not fund their hotel or subsistence costs.
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that they were potentially liable to additional tax. In addition, Revenue was unaware that the taxpayer's personal circumstances had changed. However, I am further advised...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there is no indication of their date of birth which means that they were potentially liable to additional tax. However, I am further informed that based on the most recent figures supplied to the...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that he was potentially liable to additional tax. However, I am further advised that based on the most recent figures supplied to the Revenue Commissioners by his employer,...
- Written Answers — Tax Code: Tax Code (17 Jan 2012)
Michael Noonan: I am advised by the Revenue Commissioners that a letter regarding their DSP pension details was issued in this case because the individual has a private pension in addition to their DSP pension and there was a possibility that they were potentially liable to additional tax. Based on the most recent figures supplied to the Revenue Commissioners by his pension provider, for the 2010 tax year,...