Results 6,781-6,800 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Clearance Certificates (27 Sep 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that an application can be made on-line for a Tax Clearance Certificate on www.revenue.ie. Alternatively, an applicant can submit a TC1 form to the appropriate Revenue Office. A Tax Clearance Certificate can only be issued by Revenue to a person whose tax affairs are in order at the date of issue of that Certificate. In relation to the...

Written Answers — Department of Finance: Vehicle Registration Issues (27 Sep 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the typical way that the market selling price of a motor home is calculated is by reference to market indicators such as sales advertisements for similar vehicles in the State. In addition due allowance is made for factors such as the possibility of a negotiated reduction in price and whether the appropriate VRT has already been paid. A recent...

Written Answers — Department of Finance: Tax Reliefs Availability (27 Sep 2012)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT under paragraph 14(3) of Schedule 1 to the Value-Added Tax Consolidation Act 2010. A person who provides a bus tour service does not register for VAT and cannot recover VAT incurred on goods and services used for the purposes of that tour service, including fuel costs. In the UK, passenger transport is zero rated...

Written Answers — Department of Finance: Tax Yield (27 Sep 2012)

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 estimated that the net income tax (inclusive of the Universal Social Charge) collected through the PAYE system from public sector employees in...

Written Answers — Department of Finance: General Government Debt (27 Sep 2012)

Michael Noonan: The information the Deputy is seeking is set out in the Table. - 2007 2008 2009 2010 2011 2012 - €m €m €m €m €m €m a. General Government Balance (GGB)* 170 -13,129 -22,467 -48,426 -20,157 -13,115 b. Interest 1,953 2,380 3,250 4,928 5,278 6,460 c. Primary GGB (c=a+b) 2,123 -10,749 -19,217 -43,499 -14,879 -6,655...

Written Answers — Department of Finance: Tax Yield (27 Sep 2012)

Michael Noonan: I assume the Deputy has in mind a 1 percentage point increase in the rate of Universal Social Charge (USC) applying to incomes exceeding €90,000 in the manner indicated in the question. The Universal Social Charge (USC) is an individualised charge and as such the yield is calculated for individual incomes of more than €90,000. On that basis, I am advised by the Revenue...

Written Answers — Department of Finance: Tax Code (27 Sep 2012)

Michael Noonan: The measures provided for in Finance Act 2012 regarding “legacy” property-based tax schemes, which inter alia, are subject to the high earners’ restriction, are in line with the advice received from the Attorney General’s Office. We do not publish legal advice from the Attorney General. There are of course certain other specified reliefs that are covered by the...

Leaders' Questions (2 Oct 2012)

Michael Noonan: The Fianna Fáil handbook.

Written Answers — Department of Finance: Tax Reliefs Availability (2 Oct 2012)

Michael Noonan: It would be difficult to justify the introduction of additional tax reliefs for the disabled that would only apply to the self employed. However, I would point out that if an individual is in receipt of certain disability payments, they may be allowed to do work or training and keep their payment or part-payment on the grounds that it is considered rehabilitative or therapeutic. People with...

Written Answers — Department of Finance: European Investment Bank Loans (2 Oct 2012)

Michael Noonan: The purpose of this loan from the European Investment Bank (EIB) is to assist in funding the Department of Education and Skills’ capital investment programme. This loan will provide funding for the planned exchequer schools building programme, which involves the construction and upgrading of primary and secondary schools across the country. The EIB loan substitutes for other sources...

Written Answers — Department of Finance: Credit Availability (2 Oct 2012)

Michael Noonan: I have been informed that Permanent TSB continues to offer loans to new and existing customers, albeit at reduced volumes at present and that the bank’s credit policy now includes more robust assessment criteria than would have applied in the past. In the first six months of 2012 the bank advanced approximately €100m in new lending, as reported on Page 6 of the recently...

Written Answers — Department of Finance: Tax Code (2 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that rental income received by a property owner who is resident or ordinarily resident in the State from property located outside the State is taxable here under the provisions of the Taxes Consolidation Act 1997. Taxable rents from such property are generally computed on the full amount of the rent arising, after deducting allowable expenditure,...

Written Answers — Department of Finance: Tax Reliefs Cost (2 Oct 2012)

Michael Noonan: The following is the information requested insofar as it is available. Any estimates provided are calculated on the basis that each change mentioned in the question is taken in isolation. Reducing tax relief on pension contributions to the standard rate. I assume the Deputy is referring to individual pension contributions, the tax relief on which is allowed at the taxpayer’s...

Written Answers — Department of Finance: Departmental Staff Allowances (2 Oct 2012)

Michael Noonan: The following table outlines the details of allowances paid out to weekly and fortnightly paid staff in my Department in pay period 201239. As the allowances paid are not specific to my Department, no business case was made to the Department of Public Expenditure and Reform. Pay Code Description Total Child Allowance €60.62 Cost of Living Allowance €342.58 Delegates...

Written Answers — Department of Finance: Tax Yield (2 Oct 2012)

Michael Noonan: I am informed by the Revenue Commissioners that it is estimated that a €1 increase in excise duty on a bottle of wine would yield in the region of €59.8m and that a 50 cent increase in excise duty on a packet of cigarettes would yield in the region of €81.3m.

Written Answers — Department of Finance: Insurance Costs (2 Oct 2012)

Michael Noonan: At the outset the Deputy should note that neither I as Minister for Finance nor the Central Bank can prohibit or restrict an insurance company from increasing its annual premium rates, as this is a commercial decision for the company in question. Therefore it is not possible to introduce measures which will direct insurance companies to price in a particular way in response to the European...

Written Answers — Department of Finance: Tax Credits (2 Oct 2012)

Michael Noonan: I have been advised by the Revenue Commissioners that all the tax credits of the person in question have been allocated to his and his spouse’s current employments. The taxpayer did not apply for a tax credit certificate in respect of the pension payment and accordingly the pension provider correctly operated the emergency basis of tax deduction on the pension payment. Revenue has...

Written Answers — Department of Finance: Financial Services Regulation (2 Oct 2012)

Michael Noonan: The Central Bank has informed me that the company referred to by the Deputy is not currently regulated by the Bank. The Bank is currently engaging with debt management firms to assess if their business models fall within the scope of the European Communities (Payment Services) Regulations 2009 regarding the provision of payment services or Part V of the Central Bank Act 1997 (as amended)...

Written Answers — Department of Finance: Price Inflation (2 Oct 2012)

Michael Noonan: Comparative consumer price level data across the EU are published by Eurostat. The data show that in 2011 Irish consumer price levels were around 17% higher than the EU27 average. Price levels in the UK were 2% higher than the EU average, implying that, broadly speaking, price levels in Ireland last year were around 15% higher than in the UK. This, however, compares with a gap of around...

Written Answers — Department of Finance: Tax Yield (2 Oct 2012)

Michael Noonan: As the Deputy may be aware the Department of Finance now has a publicly available databank on its website with comprehensive tax data where this information can be found (http://databank.finance.gov.ie/). Similarly GDP data can be found on the CSO website (www.cso.ie ). The information requested by the Deputy is provided as follows. Year Total Tax (€m) GDP (€m) Total...