Results 9,981-10,000 of 27,019 for speaker:Michael Noonan

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: Referring to the recommendation ruled out of order will give us context. The recommendation sought to amend section 381(a)(2) inserted into the Taxes Consolidation Act 1997 by section 18 of the Bill. The new section 381(a) concerned one of two measures contained in section 18, both of which relate to those engaged in the trade of dealing in, or developing, land. The other measure concerns...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: If I were to accept this recommendation that business plans be not just submitted but approved, it would require Teagasc to establish an approval process for those claimants of stock relief who had not previously submitted a business plan. In some instances, it may also render ineligible for purposes of claiming stock relief, business plans already submitted to Teagasc or the Minister for...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: This scheme will not be available to hotels in difficulty. Hotels will only be eligible where they have a three-year marketing and development plan approved by Fáilte Ireland. The operating or management of hotels, guesthouses, self-catering accommodation or comparable establishments will now qualify under the existing scheme, the employment and investment incentive and seed capital...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: I thank everybody who has contributed to this interesting debate. I am not sure anybody has the complete answer. We have to try. We can see what is happening. There is a real problem with cities and towns throughout the country. The centres of our cities and towns, with exceptions like Dublin, Galway and Cork, are dying. I am not sure what the answer is. I am not sure what degree of...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: It applies to all airports.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: This section introduces a scheme of accelerated capital allowances for the construction and refurbishment of certain buildings and structures for use in the maintenance, repair, overhaul or dismantling of commercial aircraft. The tax relief, which will apply under this scheme, will commence by ministerial order and will operate for five years from the date of the order. The relief will...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Michael Noonan: The section does not mention any airport so it applies to any airport.

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: Is it pinned on or gummed on?

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: Are they gummed on or pinned on?

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: That is not a valuation.

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: There has been some recent commentary about tenants in local authority dwellings receiving local property tax, LPT, returns. I welcome the opportunity to clarify matters and set out what they need to do. The Finance (Local Property Tax) Act 2012, as amended, sets out how the tax is to be administered and provides that a liability for LPT will arise where a person owns a residential property...

Topical Issue Debate: Property Taxation Application (26 Mar 2013)

Michael Noonan: There are two questions. First, local authority tenants have no liability for local property tax. If someone receives a local property tax return in error, he or she should write to Revenue to point out that he or she has received it in error, explain that he or she is a local authority tenant of, say, Limerick County Council and give his or her tenant number. That is the end of the matter...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Banking Sector Remuneration (26 Mar 2013)

Michael Noonan: I had noted the actions taken in Spain for the demand of the return of certain incentive payments already made from a cadre of executives of the Spanish bank, Bankia, as part of its recapitalisation late last year. The situation while analogous in some respects to our banking recapitalisations would not appear to be similar in all respects to the domestic circumstances underpinning our...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Banking Sector Remuneration (26 Mar 2013)

Michael Noonan: The Review of Remuneration and Practices and Frameworks at the covered institutions revealed that salaries for continuing employees has increased within a range of 4% to 6% due to pay increases awarded in 2009 and individual promotions across the remaining three covered institutions. No pay increases have been provided to the generality of the employees since that time and the Review states...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Financial Services Ombudsman (26 Mar 2013)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions and it would not be appropriate for me to comment on how he performs those duties. The Irish Bank Resolution Corporation Act 2013 was passed on 7 February 2013. Pursuant to the provisions of the Act, I made a Special Liquidation Order for the purpose of winding up...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: IBRC Liquidation (26 Mar 2013)

Michael Noonan: As the Deputy is aware, following the appointment of the Special Liquidator IBRC employee contracts were terminated in the Republic of Ireland. As a result of the termination of the employment contracts, employees are entitled to apply for a statutory redundancy payment and a statutory notice payment, subject to the limits prescribed by statute. Claim forms for statutory entitlements have now...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Property Taxation Application (26 Mar 2013)

Michael Noonan: I propose to take Questions Nos. 203 and 205 together. Local Property Tax (LPT) is a self-assessed tax so in the first instance it is a matter for the liable person to determine the valuation band that their residential property falls into and then to calculate and pay over the amount of tax due. I am advised by the Revenue Commissioners that, in common with the procedures for other...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: State Banking Sector (26 Mar 2013)

Michael Noonan: As the Deputy will be aware the Bank of Ireland has only issued the documentation for the Annual General Court on 24 April in the last couple of days. My Department will fully peruse all the documentation before deciding the appropriate vote for each of the resolutions and as always, will vote in the best interest of the State and to maximise the return to the taxpayer of the funds invested...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Bank Codes of Conduct (26 Mar 2013)

Michael Noonan: My Department has no responsibility in relation to the seizure of farm equipment. I would expect that such seizures are carried out in accordance with the law and that proper notice was given to the person affected regarding alleged outstanding debts on the equipment. However, if that was not the case and the Deputy suspects that an illegal action took place in relation to this particular...

Health (Alteration of Criteria for Eligibility) Bill 2013: Committee and Remaining Stages: Tax Code (26 Mar 2013)

Michael Noonan: The precise number of recipients that will be liable to income tax on their maternity benefit payment is not available. However, I understand that the Department of Social Protection have estimated that the average weekly maternity benefit recipients in 2013 to be 22,800, including those who will not have an increased liability to income tax. As a result of maternity benefit payments...