Results 9,581-9,600 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Local Government Funding (7 Mar 2013)

Michael Noonan: Section 157 of the Finance (Local Property Tax) Act, as amended, provides that, in each financial year commencing in 2014, the Minister for Finance shall pay into the Local Government Fund an amount equivalent to the local property tax, including any interest paid thereon, paid into the Central Fund or the growing produce thereof during that year. The allocation of funding to local...

Written Answers — Department of Finance: Tax Code (7 Mar 2013)

Michael Noonan: I would like to thank the Deputy for drawing this report to my attention. I will have my officials examine the report and will revert to the Deputy in writing in due course.

Written Answers — Department of Finance: NAMA Property Leases (7 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 70 and 71 together. As the deputy is aware, NAMA has acquired loans from the five participating institutions and is not the owner/manager of properties. The Agency’s role is that of a secured lender. Properties securing NAMA’s loans continue to be owned and managed by their existing owners or, in the case of enforcement, on their behalf by...

Written Answers — Department of Finance: Property Taxation Exemptions (7 Mar 2013)

Michael Noonan: While no specific exemption from local property tax for individuals in the Health Service Executive Fair Deal Scheme is provided in either the Finance (Local Property Tax) Act 2012 or the Finance (Local Property Tax) (Amendment) Bill 2013 the legislation does provide for a number of exemptions from the Local Property Tax (LPT) as well as for the possibility of deferring the charge in certain...

Written Answers — Department of Finance: Disabled Drivers (7 Mar 2013)

Michael Noonan: I understand the Deputy to refer to the recent announcement by the Minister for Health on the ending of the Motorised Transport Grant and Mobility Allowance schemes. There are no implications with regard to eligibility for VRT rebate for persons with mobility difficulties under the Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme, the details of which are set out below. The...

Written Answers — Department of Finance: Banking Sector Remuneration (7 Mar 2013)

Michael Noonan: My Department is in final discussions with the consultants on the report. I expect to bring it to Government imminently for decision. I fully recognise that there is a real public interest in the levels of remuneration at the Covered Institutions and I will endeavour to have the details underpinning the review published as soon as possible thereafter.

Written Answers — Department of Finance: Tax Compliance (7 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the pension levy is a self assessment tax. The chargeable person and the trustees of the pension scheme are both jointly and severally liable for the payment of the pension levy. In the case of assets held under contracts of assurance, the chargeable person is the insurer. In the case of any other assets the administrator is the chargeable...

Written Answers — Department of Finance: Mortgage Arrears Proposals (7 Mar 2013)

Michael Noonan: The Central Bank, under its MARs project, has for some time been intensively working with lenders to ensure that they can offer a range of longer term options to their customers who are experiencing mortgage difficulty. These can include mortgage-to-rent, trade-down mortgages, equity participation, interest rate reduction, split mortgages and sale by agreement, or other appropriate options...

Written Answers — Department of Finance: State Banking Sector (7 Mar 2013)

Michael Noonan: As previously disclosed the gross bank recapitalisation commitments made by the State in Allied Irish Bank (AIB) and Bank of Ireland (BOI) to date are set out in the following table: €bn AIB/EBS BOI Total Government preference Shares (2009) - NPRF 3.5 3.5* 7.0 Capital contributions (with Promissory Notes as consideration)/Special Investment Shares (2010) – Exchequer...

Written Answers — Department of Finance: Budget 2013 (7 Mar 2013)

Michael Noonan: In my Budget 2013 speech, I announced that I would make provision in Finance Bill 2013 for persons making Additional Voluntary Contributions (AVCs) used to supplement their main scheme retirement benefits to withdraw up to 30% of the value of those contributions. Any amounts withdrawn will be subject to tax at the individual’s marginal rate. The option will be available for 3 years...

Written Answers — Department of Finance: Universal Social Charge (7 Mar 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that they have again contacted the pension provider on this matter. The pension provider has confirmed that USC deducted was repaid to the person concerned on 22 February 2013. In addition, the pension provider has also confirmed that there will not be any tax or USC deducted from the next and following payments.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: I move amendment No. 65: In page 99, to delete lines 10 to 20 and substitute the following: 739J.—(1) (a) In this section ‘investment limited partnership’ means an investment limited partnership within the meaning of the Investment Limited Partnerships Act 1994.”.This is a technical amendment to delete unnecessary wording from the definition of an "investment...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: I move amendment No. 67: In page 102, line 15, to delete “the”.This amendment, which relates to section 44 of the Bill, deals with a drafting issue in that section. It is to delete the definite article on page 102, line 15.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: I move amendment No. 68: In page 106, lines 29 and 30, to delete "that individual or those individuals" and substitute "an individual or individuals".The amendment deals with a drafting issue in the section.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: In seeking relief under the section certification is required from Teagasc that they are qualifying farm restructuring transactions. If this certification is not received, owners of farmland sold by way of CPO or otherwise will not be eligible for the relief. If the sale is for restructuring purposes, it will be certified by Teagasc and the relief will apply, but in other circumstances it...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: Section 47 confirms the budget increases in the rates of tobacco products tax which, when VAT is included, amount to 10 cent on a packet of 20 cigarettes, with pro rata increases on other products, together with an additional 50 cent increase on a 25g pack of rolling tobacco. This is what the section does. I compliment the Irish Cancer Society on the work it does. Its advocacy has...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: It appears there is nothing to prevent the Garda pursuing such a case or the Director of Public Prosecutions taking a shipper to court if he or she is complicit in the evasion of excise. We are discussing criminal offences and for that reason-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: Securing a conviction beyond reasonable doubt in murky circumstances can be difficult sometimes. I would like to address specifically the arguments made by Deputies Twomey, Doherty and Donnelly in favour of the proposed amendment. I have a note which may be of interest. The amendment is to request that a report be prepared and presented to the Oireachtas.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: Should I wait?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Michael Noonan: My only problem is finding an opportunity to explain the position.