Results 8,121-8,140 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: With effect from midnight tonight, excise duty on a pint of beer or cider is being increased by 10 cent, on a standard measure of spirits by 10 cent and on a 75 cl bottle of wine by €1, with pro rata increases on other alcohol products. With effect from midnight tonight, the price of 20 cigarettes will increase by 10 cent and "roll your own" tobacco will increase by 50 cent per 25...

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

Michael Noonan: The rates of both VRT and motor tax across all categories will increase with effect from 1 January 2013. In order to incentivise a more year round motor market, I have decided to introduce a dual registration period. Therefore, in 2013 and subsequent years, vehicles registered from 1 January in 2013, for example, will carry a year tag of 131 and those registered in the second half of the...

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

Michael Noonan: -----a sentiment I believe is shared by the vast majority of Deputies in this House. Even though this commitment has been stated numerous times, it is worth repeating so that there can be no doubt. Ireland has for the past 50 years sought to have a competitive corporate tax strategy to attract job-rich foreign direct investment into Ireland. Our policies in respect of tax co-operation and...

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

Michael Noonan: We are making progress and in doing this I am setting out the likely levels of future revenue consolidation to reassure people and to boost their confidence. This will help businesses to plan and to invest and it will encourage people to plan their spending. It will allow the markets to assess the sustainability and credibility of our fiscal strategy in the full knowledge that what we have...

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

Michael Noonan: Fianna Fáil will not outdo Sinn Féin.

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

Michael Noonan: When will Fianna Fáil apologise to all these people?

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

Michael Noonan: The previous Government agreed to all those things.

Written Answers — Department of Finance: Illicit Trade in Tobacco (5 Dec 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the process of embossing secure tax stamps on cigarette packaging is the method currently used to assist in the detection of illicit cigarettes. Tax stamps are examined using a range of hand held devices that are available to all Revenue enforcement staff. The Revenue Commissioners advise that in 2009 the technical specification for tax stamps...

Written Answers — Department of Finance: Liquor Licences (5 Dec 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the numbers of lapsed licences for each of the past 5 years, is set out below under various categories. The function of the Revenue Commissioners under the Licensing Acts 1833 to 2010 is to issue licences, when granted or revived by the District and Circuit Courts. Therefore, the figures below relate only to those licences, which have not...

Written Answers — Department of Finance: Budget Submissions (5 Dec 2012)

Michael Noonan: I have received a document from SIPTU entitled "Towards a New Course". As with other pre-Budget submissions it has been circulated to the relevant officials so that its contents can be considered in the context of the forthcoming Budget and Finance Bill. As the Deputy is aware it would not be appropriate for me to comment in advance on possible Budget decisions.

Written Answers — Department of Finance: Tax Code (5 Dec 2012)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In Ireland the zero rate applies to printed books, including atlases, children’s picture, drawing and colouring books and books of music. It is possible for Ireland to apply the zero rate to printed books because Ireland applied the zero rate to these books on and...

Written Answers — Department of Finance: Tax Code (5 Dec 2012)

Michael Noonan: The interest restriction of 75% applying to residential lettings was introduced in the April 2009 supplementary budget as part of an urgent revenue-raising package aimed at stabilising the public finances. The context in which the 2009 measure was introduced, i.e. the need to stabilise public expenditure, still exists. Under the terms of the EU/IMF Programme of Financial Support for Ireland,...

Written Answers — Department of Finance: Tax Code (5 Dec 2012)

Michael Noonan: Any proposed changes in VAT must be considered in the context of the EU VAT Directive, with which Irish VAT law must comply. The zero rate of VAT applies to the supply of newspapers in the UK, as well as in Belgium and Denmark. The VAT Directive provides that where Member States applied a zero rate of VAT to goods and services on 1 January 1991 they are entitled to retain those zero rating...

Written Answers — Department of Finance: Tax Yield (5 Dec 2012)

Michael Noonan: The Revenue Commissioners, who are responsible for collecting duty on motor vehicle fuel, inform me that rapeseed oil, when used as a fuel in diesel motor engines, is categorised as a substitute fuel for auto-diesel and is chargeable to duty at the rate for auto-diesel. However, as it is a biofuel, rapeseed oil is relieved from carbon charges. No differentiation is made between the different...

Written Answers — Department of Finance: Banking Sector Remuneration (5 Dec 2012)

Michael Noonan: The Covered Institutions Remuneration Oversight Committee (CIROC) was established, as part of the previous Administration’s response to the banking crisis, to oversee all remuneration plans of senior executives of the covered institutions. It fulfilled its mandate in February 2009 (and is no longer in place) when reporting to the then Government who accepted its recommendations but...

Written Answers — Department of Finance: Tax Code (6 Dec 2012)

Michael Noonan: I propose to take Questions Nos. 4 and 9 together. I am informed by the Revenue Commissioners that the yield from taxing Child Benefit is fully dependent on resolving a number of significant and complex policy and legal issues before the question of implementing a charge to taxation on this payment can be considered. These policy issues include clearly determining who is the owner of the...

Written Answers — Department of Finance: Tax Code (6 Dec 2012)

Michael Noonan: Following yesterday’s Budget changes, the rate of tobacco products tax applicable to cigarettes is €237.69 per thousand together with an amount equal to 8.83 per cent of the price at which the cigarettes are sold by retail, or €271.91 per thousand cigarettes, whichever is the greater. The tobacco products tax on roll-your-own tobacco is €248.608 per kilogram....

Written Answers — Department of Finance: Banks Recapitalisation (6 Dec 2012)

Michael Noonan: The bank has no means of establishing the underlying ownership of these securities which are freely tradable once issued. These securities are publicly traded and dealt through market participants and settled by clearing house systems. An issuer does not have any access to the records of the clearing house. At maturity, the bank will instruct its paying agent to transfer the funds due to the...

Written Answers — Department of Finance: Credit Unions Regulation (6 Dec 2012)

Michael Noonan: The Central Bank of Ireland has responsibility for the approval of an application to operate a single payments platform. If an entity wishes to establish a single payments platform for credit unions, this activity may require authorisation under the European Communities (Payment Services) Regulations 2009 (PSRs) as it may constitute a “payment service” within the meaning of the...

Written Answers — Department of Finance: Public Procurement Contracts (6 Dec 2012)

Michael Noonan: In response to the Deputy’s question my Department does not keep a central record of the nationality of companies that are awarded contracts to provide goods or services to my Department. My Department awards contracts to companies based on the procurement guidelines outlined on the Government e-tender website managed by the Office of Public Works National Procurement Service. The...