Results 8,421-8,440 of 27,019 for speaker:Michael Noonan

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: Voluntary housing associations provide housing for a variety of people and it is clear that where they specifically provide houses for disabled people or those with intellectual disabilities, these will be exempt. It is also clear that if they provide houses in the same way as a local authority and draw from the same pool of tenants, it is totally analogous to housing provided by local...

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: I was speaking about a specific homes for the elderly scheme.

Seanad: Finance (Local Property Tax) Bill 2012: Committee Stage (20 Dec 2012)

Michael Noonan: Voluntary housing associations provide housing for a variety of people and it is clear that where they specifically provide houses for disabled people or those with intellectual disabilities, these will be exempt. It is also clear that if they provide houses in the same way as a local authority and draw from the same pool of tenants, it is totally analogous to housing provided by local...

Topical Issue Debate: Local Property Tax (16 Jan 2013)

Michael Noonan: I thank the Deputy for raising this important issue. The legislation governing the local property tax is contained in the Finance (Local Property Tax) Act 2012 which was signed into law by the President on 26 December 2012. The legislation sets out in detail how the tax is to be administered and provides how a residential property is to be valued for local property tax purposes, including...

Topical Issue Debate: Local Property Tax (16 Jan 2013)

Michael Noonan: The Revenue will send out a return to every householder. Much of what I described related to Revenue putting together a register of homeowners as that is not readily available. It will involve putting together a complete inventory of homeowners in Ireland, not valuing the properties just identifying the owners because the obligation to pay is on the owners. If one goes to anybody in the...

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: I am informed by the Revenue Commissioners that it would not be appropriate to give a definitive reply based on the information supplied by the Deputy. However, section 7 of the Finance (Local Property Tax) Act 2012 provides that exemption from the Local Property Tax will be available to a public body or to other bodies that have been granted a charitable tax exemption from Revenue, where...

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: A similar exemption from the local property tax will apply for unfinished housing estates as applied for the Household Charge in 2012. The Minister for the Environment, Community and Local Government shall prescribe a list of developments in the State being developments each of which that Minister is satisfied is incomplete to a substantial extent. Such properties will not be regarded as...

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: The Thornhill Group, the inter-departmental group, chaired by Dr Don Thornhill, established to consider the structures and modalities of a property tax, recommended that owners and not occupiers be the liable persons for the local property tax. This was also the view of the 2009 Commission on Taxation. The Thornhill Group saw some merit in having an occupier-focused system in that it may be...

Written Answers — Department of Finance: Fuel Rebate Scheme (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 87, 88 and 90 together. The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them. I will consider these...

Written Answers — Department of Finance: Job Creation (16 Jan 2013)

Michael Noonan: Employment data are presented in net terms and information on gross flows into and out of employment are not available, making it difficult to assess the number of jobs created by any policy initiative. Notwithstanding that quantifying the impact is difficult, I am confident that the measures introduced as part of the Jobs Initiative, such as reducing the rate of VAT in the high value added...

Written Answers — Department of Finance: Fuel Rebate Scheme (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 91, 99, 111, 114, 118 to 121, inclusive, 126, 133, 136 to 138, inclusive, 147, 148, 150 and 218 together. The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private...

Written Answers — Department of Finance: EU Policy Group (16 Jan 2013)

Michael Noonan: As the Deputy will be aware, Ireland has now assumed the Presidency of the European Union. Our work programme will be formally presented to the ECOFIN Council on 22 January 2013. In our role, we have a particular responsibility to ensure that real progress is made on the various issues now affecting the European Union. With respect to those dossiers relating to economic and fiscal policy,...

Written Answers — Department of Finance: Regulatory and Poverty Impact Assessments (16 Jan 2013)

Michael Noonan: A Regulatory Impact Analysis was carried out by my Department in September 2012 prior to the publication (28 September 2012) of the Credit Union Bill 2012. The General scheme of the Bill was published on my Department’s website on 9 July 2012 for general consultation purposes and was conducted in agreement with the Chair of the Oireachtas Joint Committee on Finance, Public Expenditure...

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: I propose to take Questions Nos. 94, 112, 113, 139 and 164 together. The legislation governing Local Property Tax (LPT) is contained in Finance (Local Property Tax) Act 2012 which was signed into law by the President on 26 December 2012. The LPT legislation sets out in detail how the tax is to be administered and provides how a residential property is to be valued for LPT purposes...

Written Answers — Department of Finance: Copyright Infringement (16 Jan 2013)

Michael Noonan: In response to the Deputy’s question I can confirm that copyright protection in relation to the National Anthem ran out in December 2012. The main purpose of ownership by the State of the copyright to the original version of the National Anthem was to ensure that it was freely available for general use. The situation in this regard has not changed with the expiry of copyright. In...

Written Answers — Department of Finance: Departmental Bodies (16 Jan 2013)

Michael Noonan: In response to the Deputy’s question the following table contains details of bodies which arefinanced from, answerable to or established by my Department that have been abolished, merged or re-organised since March 2011. Name of Body Date merged or abolished Savings that have been realised since the changes were made Irish Nationwide Building Society ( INBS) Merged with Irish...

Written Answers — Department of Finance: Property Taxation (16 Jan 2013)

Michael Noonan: The Government is aware of the important role played by the Approved Housing Bodies in the provision of housing for those who face difficulty in living in our communities. To the extent that such groups are charities and are engaged in the provision of special needs housing, they should be eligible for the exemption for such housing which is provided for in the Finance (Local Property Tax)...

Written Answers — Department of Finance: Tax Yield (16 Jan 2013)

Michael Noonan: The pension fund levy raised €463 million in 2011 and €482 million in 2012. The implementation of a jobs and growth strategy is a key priority of the Government. The moneys raised from the pension fund levy are being used to pay for the Government’s Jobs Initiative introduced in May 2011. The Jobs Initiative contains a range of measures aimed at assisting in employment...

Written Answers — Department of Finance: Pension Provisions (16 Jan 2013)

Michael Noonan: The Deputy will be aware that the asset transfer to AIB’s pension scheme was directly linked to the bank’s Early Retirement and Voluntary Severance Programme and was essential for the bank to be able to fund these plans. It was not connected with addressing any existing deficit in the bank’s pension fund. The achievement of these staff reductions in the bank is expected...

Written Answers — Department of Finance: Pension Provisions (16 Jan 2013)

Michael Noonan: I assume from the details supplied that the Deputy is referring to small self-administered pension schemes (SSASs). I am advised by the Revenue Commissioners that SSASs are a particular type of occupational pension scheme in respect of which special requirements apply in relation to their approval, operation and supervision. The reason for these requirements is to ensure that such schemes...