Results 7,101-7,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Expenditure (17 Oct 2012)

Michael Noonan: The information requested by the Deputy is contained in the following table. The Department of Finance and its agencies adhere to Government policy that payments to suppliers be made within 15 days. However, payments are conditional on the supplier holding a valid Tax Clearance Certificate. In addition, there can be delays in processing payments in situations where an invoice has been...

Written Answers — Department of Finance: Tax Reliefs Cost (17 Oct 2012)

Michael Noonan: Assuming that the Deputy is referring to auto-fuels, I am informed by the Revenue Commissioners that the costs requested by the Deputy are set out in the table below: Decrease (VAT Inclusive) Unleaded Petrol – Cost to Exchequer Auto-Diesel – Cost to Exchequer 1c -15.7m -19.4m 2c -31.7m -38.9m 3c -47.8m -58.4m 4c -63.9m -78.0m 5c -80.1m -97.6m 6c -96.3m -117.3m 7c...

Written Answers — Department of Finance: Tax Yield (17 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, from extending the additional universal social charge of 3%, which is currently applicable to self-employed income in excess of €100,000, to all income earners at this level of income would be of the order of €71 million. The Universal Social Charge is an individualised...

Written Answers — Department of Finance: Bank Guarantee Scheme Bond Repayments (17 Oct 2012)

Michael Noonan: The Deputy will be aware that when this Government took office it attempted to implement burden sharing with senior unguaranteed bondholders in particular institutions that were no longer core elements of the Irish financial system. Intensive discussions were held with our European partners and particularly President Trichet of the ECB in the run-up to the announcement of our stress tests on...

Written Answers — Department of Finance: Black Economy Issues (17 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that they are very mindful of the unfair competitive advantage to be gained by those businesses that do not fulfil their tax obligations. As is noted in the correspondence supplied by the Deputy, there is already a strong focus on cash businesses, given their potential high-risk nature. Revenue uses a wide range of methodologies to identify those who...

Written Answers — Department of Finance: Intellectual Property (17 Oct 2012)

Michael Noonan: I am precluded from commenting on the tax affairs of any taxpayer, as these are confidential between the taxpayer and the Revenue Commissioners. However, I wish to advise the Deputy that, under section 291A of the Taxes Consolidation Act 1997, a company can claim allowances for capital expenditure incurred on the provision of intangible assets for the purposes of its trade. These allowances...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. In respect of a disabled...

Written Answers — Department of Finance: Ministerial Correspondence (17 Oct 2012)

Michael Noonan: Neither my department nor I have recently been in contact with Northern Ireland Secretary of State Theresa Villiers regarding their corporate tax rate, either formally or informally. The Northern Ireland Assembly is seeking a devolution of powers from HM Treasury for the imposition and collection of corporation tax. The Joint Ministerial working group examining the issues involved in...

Written Answers — Department of Finance: Consultancy Contracts (17 Oct 2012)

Michael Noonan: The information requested by the Deputy could not unfortunately be collated in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Departmental Legal Costs (17 Oct 2012)

Michael Noonan: The information requested by the Deputy could not unfortunately be collated in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Consultancy Contracts (17 Oct 2012)

Michael Noonan: The information requested by the Deputy is contained in the following table and is in respect of the period 1 October 2011 to 30 September 2012. Specified Person Total Relevant Payments from which Professional Services Withholding Tax was deducted A & L Goodbody Solicitors €2,829.00 Aram International Partners €100,000.00 Arthur Cox €2,107,922.86 CommBiz...

Written Answers — Department of Finance: Proposed Legislation (17 Oct 2012)

Michael Noonan: The Betting (Amendment) Bill which was published in July provides for extended opening hours in Bookmakers. The extended opening hours will come into effect after enactment of the Bill.

Written Answers — Department of Finance: Tax Rebates (17 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned submitted a claim of €226 relating to medical expenses for 2011. Relief is available at the standard rate of tax, which was 20% in 2011. Therefore the person concerned was entitled to 20% of €226, which amounts to €45 and this is the refund he received as per PAYE Balancing Statement that issued on 15...

Written Answers — Department of Finance: Tax Rebates (17 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the person concerned submitted a claim of €613 relating to medical expenses for 2011 and also a claim of €200 relating to service charges. Relief is available at the standard rate of tax, which was 20% in 2011. Therefore, the person concerned was entitled to 20% of €813, which amounts to €162 and this is the refund...

Written Answers — Department of Finance: Tax Reliefs Availability (17 Oct 2012)

Michael Noonan: I am informed by the Revenue Commissioners that a car used for the purposes of a trade or profession, which qualifies for capital allowances is a chargeable asset for capital gains tax purposes. Accordingly, any insurance recovery in respect of damage to that car is a disposal /part disposal for capital gains tax purposes. Where the car is damaged (but not a write-off) and the entire...

Seanad: Mortgage Credit (Loans and Bonds) Bill 2012: Second Stage (17 Oct 2012)

Michael Noonan: I think I will hear another contribution or two.

Seanad: Mortgage Credit (Loans and Bonds) Bill 2012: Second Stage (17 Oct 2012)

Michael Noonan: I thank the Senator for his work in researching and bringing this Bill before the Seanad today. It is clear that there are many challenges currently facing the Irish banking system and I welcome all contributions to the debate, particularly from the Senator, given his expertise in the economic field. Mortgage credit is a key component of the banking system and we accept that the market is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Michael Noonan: First, I congratulate the Chairman on his election and wish him every success in the exercise of his functions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Michael Noonan: I am pleased to have the opportunity to appear before the joint committee today and look forward to a constructive discussion covering the 2013 technical allocations for my Department's group of Votes. I welcome this earlier interaction on the 2013 expenditure allocations and on the budgetary challenges facing the Finance group of Votes. If I may, I will begin by making some general...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Michael Noonan: I thank the Chairman.