Results 9,941-9,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: EU-IMF Programme of Support Issues (21 Mar 2013)

Michael Noonan: As part of its response to the global economic and financial crisis, the EU has adopted a number of measures. The first of these is EU2020, the EU’s growth strategy for the decade which aims to make the EU a smart, sustainable and inclusive economy. This was followed by the European Semester to which was added the Euro Plus Pact and the so-called ‘six-pack’ which came...

Written Answers — Department of Finance: Property Taxation Exemptions (21 Mar 2013)

Michael Noonan: Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for an exemption for a temporary period from the charge to Local Property Tax (LPT) for residential properties that have been certified as having significant pyritic damage. I am advised that the Minister for Environment, Community and Local Government will be making regulations shortly setting out the methodology...

Written Answers — Department of Finance: Tax Code (21 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that tax administration in Ireland operates under a code of Self-Assessment where tax entities are obliged by law to declare and pay the correct tax on a timely basis. Failure to either make a correct return/declaration or pay the correct amount in full will result in action to recover any additional tax and, where appropriate, the application of...

Written Answers — Department of Finance: An Ghníomhaireacht Mhapaíochta Náisiúnta (21 Mar 2013)

Michael Noonan: Comhairlíonn na Coimisinéirí Ioncaim dom gur tionscadal rathúil comhoibritheach idir na Coimisinéirí Ioncaim agus Suirbhéireacht Ordanáis Éireann (SOÉ), an Ghníomhaireacht Mhapaíochta Náisiúnta, é an suíomh idirlín um threoir luachála. Comhairlítear dom freisin go bhfuil gach iarracht á...

Written Answers — Department of Finance: Motor Tax Yield (21 Mar 2013)

Michael Noonan: Motor tax receipts for 2011 were €1.012bn and for 2012 were €1.043bn. All monies collected from motor tax are paid into the Local Government Fund. In 2011 no money was transferred to the Exchequer; in 2012 a sum of €46.5m was transferred from the Local Government Fund to the Exchequer. Approximately 34% of the Fund is transferred to the Department of Transport,...

Written Answers — Department of Finance: IBRC Account Holders (21 Mar 2013)

Michael Noonan: Neither I nor the Special Liquidators are able to discuss the circumstances of individuals who had accounts with IBRC and it would not be appropriate to discuss such matters through Dáil business. However I would suggest that individual customers take up their concerns with the Special Liquidators and IBRC (in liquidation) directly. I have been advised that the Liquidator is aware of...

Written Answers — Department of Finance: Property Taxation Exemptions (21 Mar 2013)

Michael Noonan: The Non-Principal Private Residence (NPPR) Charge is a matter for my colleague, the Minister for the Environment, Community and Local Government. Section 4(6) of the Local Government (Charges) Act 2009 provides an exemption from payment of the NPPR Charge in the case of a residential property that is occupied as a sole or main residence by a relative or relatives of the owner of the property...

Written Answers — Department of Finance: Mortgage Arrears Rate (21 Mar 2013)

Michael Noonan: In their quarterly mortgage arrears and repossession statistics, the Central Bank also publishes data on the number of mortgages that have been restructured. In the most recent data that was published on 7 March last, the Central Bank indicated that, in aggregate, as at the end of December 2012, some 79,852 PDH mortgages and 21,800 BTL mortgages were restructured. However, the Central Bank...

Written Answers — Department of Finance: Tax Reliefs Availability (21 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the total identifiable costs to the Exchequer which are currently available relate to income tax and corporation tax allowances, reliefs, exemptions and tax credits available as set out in the following tables for 2008 and 2009, the most recent year for which the necessary detailed historical information is available. It should be noted that...

Written Answers — Department of Finance: Budget 2012 (21 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 75 and 81 together. As stated at the time, Budget 2012 was designed in such a way as to encourage sustainable growth and to be as job-friendly as possible. In accordance with this objective a number of sectoral measures were introduced to support employment creation as part of Budget 2012, targeting job-rich sectors such as agriculture and construction. I...

Written Answers — Department of Finance: Budget 2012 (21 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 76 to 78, inclusive, together. The position is that a distributional analysis of proposed tax measures is provided each year in Annex A of the Budget Book. The distributional analysis is based on tables demonstrating the effects of budget changes in respect of income tax, PRSI and USC on single, married (with and without children), PAYE and self-employed...

Written Answers — Department of Finance: Tax Reliefs Application (21 Mar 2013)

Michael Noonan: The rationale for existing tax reliefs is already in the public domain. The Commission on Taxation included a comprehensive review of all tax expenditures then current in its 2009 Report, with a view to assessing their economic and social benefits. The Commission examined tax expenditures introduced in legislation up to and including Finance (No. 2) Act 2008 which had not been repealed by...

Written Answers — Department of Finance: Tax Reliefs Cost (21 Mar 2013)

Michael Noonan: As regards tax reliefs currently available, a comprehensive summary of these was provided today in my reply to PQ 14439/13. That reply contains details, as advised to me by the Revenue Commissioners, of the total identifiable costs to the Exchequer relating to income tax and corporation tax allowances, reliefs, exemptions and tax credits available. The information relates to 2008 and 2009,...

Written Answers — Department of Finance: Tax Yield (21 Mar 2013)

Michael Noonan: Minister for Finance ( Mr Noonan) : I am informed by the Revenue Commissioners that a breakdown between rent received from residential property and other types of property is not sought or provided in tax returns. However based on personal income tax returns filed by non-PAYE taxpayers for the year 2010, the latest year for which this information is available, and making certain assumptions...

Written Answers — Department of Finance: Property Taxation Application (21 Mar 2013)

Michael Noonan: The Government agreed with the recommendation of the “Thornhill Group” (the inter-Departmental Group, chaired by Dr Don Thornhill, which considered the structures and modalities of a property tax) that a universal liability to the Local Property Tax should apply to all owners of residential property with a limited number of exemptions. Limiting the exemptions available allows...

Written Answers — Department of Finance: Information and Communications Technology Issues (21 Mar 2013)

Michael Noonan: In response to the Deputy’s question the CMOD Division of the Department of Public Expenditure and Reform provides ICT and telephony services to my Department on a shared services basis. In 2011, CMOD reached an agreement with ComReg to assign a specific block of 200,000 076 numbers to the public service, which it now manages and allocates. Additionally, CMOD architected the...

Written Answers — Department of Finance: Information and Communications Technology Issues (21 Mar 2013)

Michael Noonan: In relation to my Department, the use all technologies including integrated or interactive voice response (IVR) systems have been examined. The decision taken has been not to use the IVR systems because the nature of the work does not lend itself well to an IVR-based approach. Bodies under the aegis of my Department have provided me with the following information. Office of the Revenue...

Written Answers — Department of Finance: Presidential Reports (21 Mar 2013)

Michael Noonan: I can confirm I received a copy of the Being Young and Irish-Take Charge of Change report from the Office of the President. I was very impressed by this report as I am a firm believer in the importance of projects which involve Ireland’s youth. I would like to commend President Higgins on this wonderful initiative. I have taken note of the nine most prominent areas of concern to...

Written Answers — Department of Finance: Mortgage Applications Approvals (21 Mar 2013)

Michael Noonan: The IBF/PWC Mortgage Market profile shows new mortgage lending in Q4 2012 at close to €1 billion and that first time buyers are approximately 60% of this lending, by value and volume. By definition, the mortgage market profile does not include cash buyers but the proportion of mortgages going to first time buyers has increased significantly since 2008. The Deputy may also be aware...

Written Answers — Department of Finance: Banking Sector Remuneration (21 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 88, 89, 100 and 101 together. When publishing the Review of Remuneration Practices and Frameworks at the Covered Institutions, on 12 March 2013, I indicated that the Government had formed the view that with the remaining covered institutions still incurring losses it was an inescapable conclusion that the cost base of the institutions needs to be reduced...