Results 9,661-9,680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Rebates (12 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the person in question in this case is a company. The case has been examined, and all relevant refunds of tax withheld for the company, relevant to the accounting year ending 30/09/12, have been made to the company. In accordance with Section 530P, Taxes Consolidation Act 1997, any tax withheld arising for the company’s year 01/10/12...

Written Answers — Department of Finance: IBRC Staff (12 Mar 2013)

Michael Noonan: I can confirm that neither I nor the Special Liquidators have been in contact with any other financial institutions asking them not to employ current employees of IBRC.

Written Answers — Department of Finance: Legislative Programme (12 Mar 2013)

Michael Noonan: The Betting (Amendment) Bill was published in July last year. Since that date work has been continuing by officials of my Department and Revenue on the drawing up of a number of amendments to the Bill to strengthen enforcement measures. It is my intention, given the number of amendments, to go back to Government in the very near future for approval to republish the Bill. The Deputy will...

Written Answers — Department of Finance: Tax Reliefs (12 Mar 2013)

Michael Noonan: Section 848A of the Taxes Consolidation Act 1997 provides a scheme for tax relief on donations to eligible charities and other approved bodies. The administration of this scheme is the responsibility of the Revenue Commissioners. A list of the bodies that qualify for the scheme is available on Revenue's website at the following link:...

Written Answers — Department of Finance: Tax Reliefs (12 Mar 2013)

Michael Noonan: Income tax relief in respect of health expenses is allowable in accordance with section 469 of the Taxes Consolidation Act 1997. This legislation provides for tax relief for health expenses incurred in the provision of health care. Health care is defined for the purposes of that legislation as the prevention, diagnosis, alleviation or treatment of an ailment, injury, infirmity, defect or...

Written Answers — Department of Finance: Grocery Industry (12 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant information available is on the amount of gross income earned by the sector engaged in the retail sale of predominantly food, beverages or tobacco and referenced under NACE Code 4711. This is based on personal income tax returns filed by non-PAYE taxpayers and information on gross profits derived from corporation tax returns for...

Written Answers — Department of Finance: Mortgage Arrears Proposals (12 Mar 2013)

Michael Noonan: The Central Bank has advised me that, on 6 December 2010, it issued letters to all banks directing them to refrain from imposing interest surcharge on arrears or any other charge arising on a mortgage account in arrears to which the revised Code of Conduct on Mortgage Arrears applies and in respect of which a borrower is co-operating reasonably and honestly with the lender in the Mortgage...

Written Answers — Department of Finance: Excise Duties Yield (12 Mar 2013)

Michael Noonan: The breakdown in excise returns by category and by month from January 2011 to February 2013 is as follow 2011 Alcohol Tobacco Oils Carbon VRT Other Excise JAN 87.8 0.6 234.7 14.5 41.5 12.1 FEB 35.9 26.8 176.7 44.7 57.7 9.0 MAR 51.2 64.7 183.0 23.3 49.1 8.2 APR 67.9 96.1 180.2 32.2 45.9 9.5 MAY 67.5 65.4 177.5 19.4 33.5 5.5 JUN 65.6 102.9 177.9...

Written Answers — Department of Finance: Illicit Trade in Tobacco (12 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that determining the scale of any illicit black market activity, and the losses that it causes the Exchequer and the legitimate trade, is problematic, and estimates of such losses need to be viewed with caution. I understand that the available information on possible losses to the Exchequer relates only to cigarettes. A survey in respect of 2011...

Written Answers — Department of Finance: Property Valuations (12 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a panel of valuation experts has been in place for a number of years for the purposes of Capital Gains Tax and Capital Acquisitions Tax where valuations were challenged by Revenue. As the previous contract recently expired, the Commissioners published an invitation to tender on the etenders website (etenders.gov.ie) on 8 February 2013, in line...

Written Answers — Department of Finance: IBRC Staff (12 Mar 2013)

Michael Noonan: As the Deputy is aware, the legislation surrounding liquidation ranks employees as preferential creditors in respect of certain amounts owing to them on a winding up, including accrued wages and salaries, holiday pay, sick pay, statutory redundancy, pensions contributions and claims for damages arising from accidents. There are standard rules which apply to the distribution of the assets of...

Written Answers — Department of Finance: State Banking Sector (12 Mar 2013)

Michael Noonan: I was pleased to see that Bank of Ireland’s 2012 results were slightly ahead of investors’ expectations and indeed prompted some in the market to upgrade their forecasts of the bank’s prospects for the years ahead. In order for Bank of Ireland to return to strength, meet the needs of the Irish economy and enable the State to exit its investment, it has to develop a...

Written Answers — Department of Finance: State Banking Sector (12 Mar 2013)

Michael Noonan: As the Deputy will be aware, as part of its recapitalisation commitments, the State invested €4.7bn in Bank of Ireland (BOI). The State has received c.€0.5bn for its warrants which were originally attached to our preference shares, and significant income in the form of coupons and dividends on its investments. In January 2013 the State also successfully disposed of the...

Written Answers — Department of Finance: IBRC Liquidation (12 Mar 2013)

Michael Noonan: I do not intend to publish the documents referred to in the directions, at this time, as they contain commercially sensitive information which if released could have a detrimental effect on the outcome for the taxpayer.

Written Answers — Department of Finance: NAMA Debtors (12 Mar 2013)

Michael Noonan: I am advised by NAMA that it adopts a two-pronged approach to ensuring appropriate, accurate and timely financial reporting by debtors. Firstly, NAMA is imposing a financial reporting rigour on debtors to ensure that management information relating to each debtor’s business is delivered to NAMA. In particular, debtors are subject to on-going reporting requirements in respect of the...

Written Answers — Department of Finance: NAMA Staff (12 Mar 2013)

Michael Noonan: NAMA advises that it operates a number of safeguards to ensure that staff are equipped to successfully carry out their function on behalf of taxpayers. These safeguards include a rigorous appointments process, which deals fully with any actual or potential conflicts of interest, induction and on-going compliance training, and regular compliance updates. Other safeguards include the NAMA...

Written Answers — Department of Finance: Tax Reliefs (12 Mar 2013)

Michael Noonan: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief at the taxpayers marginal rate (20 or 41%) for expenses incurred in relation to nursing home fees. However, tax relief can only be claimed when an individual has a tax liability in the same tax year as the expenses were incurred. I am informed by the Revenue Commissioners that for the tax year 2011, any tax that was...

Written Answers — Department of Finance: Tax Code (12 Mar 2013)

Michael Noonan: The position is, as I stated in my Budget day speech of 5 December 2012, that from the 1st of July 2013, Maternity Benefit will be treated as taxable income. It should be noted that it is a general principle of taxation that, as far as possible, income from all sources should be subject to taxation. In line with this principle, the majority of social welfare payments are reckonable as...

Written Answers — Department of Finance: Disabled Drivers (12 Mar 2013)

Michael Noonan: I am informed 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. The person (details supplied)...

European Council: Statements (13 Mar 2013)

Michael Noonan: I am sorry, Deputy.