Results 9,721-9,740 of 27,019 for speaker:Michael Noonan

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: There may be but I do not have them.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I move amendment No. 14a:In page 69, to delete lines 24 and 25 and substitute the following:“(2) This section comes into operation on such day or days as the Minister for Finance may by order or orders appoint and different days may be appointed for different purposes or for different provisions.”.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: No; I referred to general supports for development.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: Deputy Pearse Doherty and I had a reasonable discussion on this on Committee Stage. At that stage, when talking about what happens in Scotland, I made a commitment that one of my political advisers would examine this without prejudice and we would see where we could go. I will include this matter also and ask him to examine it and see if we can go forward on it. As a general proposition, I...

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: Deputy Naughten raised the specific issue of whether changing a health insurance policy during a calendar year could result in double payment of the levy or stamp duty. I am advised that this does not arise under the interim risk equalisation scheme, nor will it arise under the permanent scheme. The charge to stamp duty arises on the renewal of a contract or on entering into a contract or...

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: Sorry; could Deputy Naughten explain? Is he saying there is a double payment?

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: The policy and principle is to ensure that double payments do not occur. If there is a suggestion or a doubt over whether they may be occurring, it is a matter for the Revenue Commissioners. We will draw the Deputy's point to the attention of the Revenue Commissioners to allow them to straighten it out with VHI. There should not be double payments.

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: Is this a case where someone has already paid the previous service provider?

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: Then it is a double payment.

Finance Bill 2013: Report Stage (Resumed) and Final Stage (13 Mar 2013)

Michael Noonan: We can take it up with the Revenue Commissioners.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I repeat, for the sake of continuity, that the ARF options were later extended to all holders of additional voluntary contributions. Today, retiring individuals in defined contribution pension arrangements still have the option to purchase an annuity, but as an alternative they can draw down their remaining pension pot, after taking the tax-free retirement lump sum, by way of a taxable lump...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: What is enacted by law can be reversed by law. To include a commitment that something will be done or something will automatically happen in three years' time does not meet the needs of the House. Three years is a long time and, as the Deputy said, it is unlikely that I will be sitting here then. There could be a change of Government or a change of personnel. It is important that in...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: The intention is to make matters easier for people on lower pensions who had this bounced on them last year without adequate notice. I am providing them with notice now that the higher limits will return in three years time. It provides rational people with the opportunity to plan to make provision for their pension schemes. A future Minister may change that. Deputy Doherty drew a...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: The new employment and investment incentive and revised seed capital scheme came into operation from 25 November 2011. I do not have a full year's statistics available on the impact of the incentive. Last year, I reviewed the film relief scheme and on foot of that made substantial changes to the operation of film relief in the Bill. My Department has commenced a review of the research and...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I am not opposing a review, any more than Deputy Doherty is opposing the scheme. However, it is too soon to have a review. Many investors will make a return of income for 2012 in October 2013. The data would be unavailable if we were to do a review in this calendar year.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I move amendment No. 12a:In page 67, to delete lines 34 to 37 and substitute the following:“ “(n) for the purposes of a trade which consists of—(i) the maintenance, repair or overhaul of aircraft used to carry passengers or cargo for hire or reward, or (ii) the dismantling of aircraft of the kind referred to in subparagraph (i),for the purposes of the salvaging or...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: No.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: This is all fantasy.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: No.

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: There is a total misunderstanding of the original provision in the Finance Bill. This has been built up to a degree where claims are now made which are in the realms of fantasy. There is no measure in the Bill that has been specifically designed to help Shannon Airport.