Results 8,101-8,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Liquor Licensing Laws (4 Dec 2012)

Michael Noonan: I am informed by the Revenue Commissioners that under the Licensing Acts 1833 to 2010, an Intoxicating Liquor licence is granted by the Courts, administered by Revenue and regulated by An Garda Siochana. While unlicensed activities are treated very seriously by all of these bodies, their functions in regard to this matter differ. The issue of “shutting down premises” where a...

Written Answers — Department of Finance: Tax Reliefs (4 Dec 2012)

Michael Noonan: The scheme which provides that qualifying sportspersons, whether in a professional or semi professional capacity, are entitled, on retirement, to income tax relief was introduced in Finance Act 2002. I am informed by the Revenue Commissioners that information on the estimated cost to the Exchequer of the tax relief on retirement for qualifying sportspersons is set out in the following table...

Written Answers — Department of Finance: State Airports (4 Dec 2012)

Michael Noonan: I propose to take Questions Nos. 165 and 166 together. As the Deputy is aware, items that may or may not be included in the Budget are never commented on in advance. Therefore, I cannot respond on the issue of incentives relating to airports.

Written Answers — Department of Finance: Tax Code (4 Dec 2012)

Michael Noonan: The Revenue Commissioners are charged with responsibility for the timely collection and recovery of a range of taxes and duties due to the Exchequer. Revenue has a clear focus on making sure that every person and business complies with the requirement to file the relevant returns and to pay the appropriate tax or duty on a timely basis. That is an appropriate and correct focus for Revenue and...

Written Answers — Department of Finance: Tax Code (4 Dec 2012)

Michael Noonan: The Government has no plans to abolish Stamp Duty on transfers of residential property. Stamp Duty on property transactions co-existed with domestic rates before their abolition in 1978; and in many jurisdictions (including those with similar legal systems, such as the UK and the USA, and those with similar sized property markets, such as Denmark and the Netherlands) an annual residence...

Written Answers — Department of Finance: Tax Compliance (4 Dec 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. It is the role of Revenue to ensure that all businesses, regardless of the type of activity they are engaged in, are registered for the appropriate taxes and duties, and that they fulfill their obligations with...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: As budget day is a good day for taking stock of where we are, let us do so. In the second half of this year, the National Treasury Management Agency, NTMA, has raised more than €7 billion in the markets. The Bank of Ireland, ESB, Bord Gáis and AIB all have raised funds for the first time in years. This year, the IDA has announced 84 projects set to create 8,650 jobs. The...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: The Government will continue to fulfil the conditions of the bailout programme, it will carefully plan full market return, it will build on the strong sectors of the economy and repair the weak sectors until they are strong again, it will grow the economy and create the jobs for which so many out of work and so many young people yearn. Last year, in the budget, despite the lack of...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: This initiative will be strictly policed so as to ensure that the beneficiaries are fully tax compliant. Work is being undertaken by senior officials in a number of Departments to finalise the PlusOne initiative, which is intended to encourage employers to hire individuals who are long-term unemployed. It is envisaged this new incentive will replace the Revenue job assist and the employer...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: As I stated, all the supporting documentation, including the SME ten-point tax reform plan, will be available on the budget website. The Government is complementing these taxation actions with a focus on the provision of credit to SMEs. New initiatives from the Government, such as the microfinance scheme and the loan guarantee scheme are now in place. These schemes are complemented by...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: I am widening the definition of registered farm partnerships to add other production partnerships, such as beef, to the 640 milk production partnerships that can already avail of the enhanced 50% rate of stock relief. Qualifying young trained farmers in such partnerships can continue to avail of the 100% rate of stock relief. Furthermore, as small businesses, many of the other reforms in...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: In the commercial market, the capital gains tax incentive that I announced in last year’s budget means that any property bought between now and the end of 2013 will be relieved from capital gains tax if held for at least seven years. I am fully aware that regeneration is necessary in a number of our cities in order to ensure a balanced economic recovery. To date regeneration schemes...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: This is the level of ambition the Government expects from all banks, whether State-owned or not. These commitments to helping people who are in unsustainable debt are not just social obligations on the Government. It is critical that the issue of mortgage debt is addressed because we cannot sustain a situation where more than 100,000 families could be effectively excluded from participation...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: However, some people have been allowed by previous Governments to benefit from hugely generous pension arrangements subsidised by the taxpayer. While the Government wants to encourage those on lower and middle incomes to save for pensions, it will not allow pensions of the scale previously allowed to be accumulated at the expense of taxpayers whose actual earnings are, in many cases, a...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: These changes in PRSI are progressive-----

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: -----as they will ensure that all sources of income are subject to PRSI. Local Property Tax I will now turn to the local property tax, which the Government is introducing as a better alternative to increased taxes on income. Property taxes are used across the world as they are better for the protection and creation of jobs than taxes that increase the cost of employment. The local...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: Any arrears that are not discharged before 1 July 2013 will be increased to €200 and will be collected through the local property tax system.

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: The local property tax is fair and progressive, as all property owners make a contribution-----

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: -----but those who own the most valuable properties will pay the most. Income Tax The Government continues to implement the programme for Government commitments of maintaining the current rates of income tax together with bands and credits and not increasing the top marginal rates of taxes on income. Ireland's income tax system is one of the most progressive income tax systems in the...

Financial Resolutions 2013 - Budget Statement 2013 (5 Dec 2012)

Michael Noonan: This measure will correct an anomaly so that women on maternity benefit will pay the same level of income tax as when they are working. Excise Duty I am not increasing excise duty on diesel and petrol.