Results 10,061-10,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Ministerial Transport (27 Mar 2013)

Michael Noonan: In relation to the use of my car for Ministerial travel, the total cost has been €123,955 for the period January 2012-December 2012. This cost included mileage (which is to cover car related expenses) of €19,507, the salaries paid to two civilian drivers inclusive of Employer PRSI contributions which amounted to €77,774 and travel and subsistence paid to the drivers of...

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: I have no plans to introduce a duty tax on lottery sales.

Credit Reporting Bill 2012: Order for Second Stage (28 Mar 2013)

Michael Noonan: I move: "That Second Stage be taken now."

Credit Reporting Bill 2012: Second Stage (28 Mar 2013)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Credit Reporting Bill 2012 puts in place the legislative framework for a central repository of credit information, to be known as the central credit register. A credit register is a database of credit information based on credit applications and credit agreements. It assists lenders in making informed lending decisions and protecting...

Written Answers — Department of Finance: Property Taxation Application (28 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that in the circumstances outlined a person whose only income is a State pension qualifies for a full deferral of LPT. The deferred tax remains a charge on the property until the property is sold or transferred to another person. Interest will be charged on deferred amounts from the due date of payment until such time as it is paid. The daily rate...

Written Answers — Department of Finance: Property Taxation Application (28 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and how a residential property is to be valued for LPT purposes. Section 7 of the Act provides that voluntary social housing bodies will be liable to pay the LPT on their properties in the same way as any other residential property owner, unless the properties in question are used to accommodate...

Written Answers — Department of Finance: Property Taxation Application (28 Mar 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date which will be 1 May 2013 for the year 2013 and, for subsequent years 1 November in the preceding year. Section 7 of the 2012 Act provides that local authorities...

Written Answers — Department of Finance: Mortgage Interest Relief Application (28 Mar 2013)

Michael Noonan: The position is that in Supplementary Budget 2009, mortgage interest relief was limited so that interest payable on a qualifying home loan would only qualify for tax relief for the first seven tax years of the life of that loan (7 year rule). However, in Finance Act 2010, mortgage interest relief was extended up to the end of 2017 for those whose entitlement to relief was due to end in 2010...

Written Answers — Department of Finance: Public Interest Director Responsibilities (28 Mar 2013)

Michael Noonan: I can confirm to the Deputy that nothing has been brought to my attention to suggest that the public interest director, who sits on the Group Remuneration Committee of the Bank of Ireland, is not carrying out his functions as a director in an appropriate manner. In relation to directors’ fees, the Deputy may be aware that the total directors’ remuneration fell to €2,564k...

Written Answers — Department of Finance: Banking Sector Remuneration (28 Mar 2013)

Michael Noonan: I can confirm to the Deputy that the annual fee of €59,000 received by the current Governor of the Bank of Ireland, over and above his annual non-pensionable salary, relates to a consultancy arrangement with Bank of Ireland (UK) plc. The current Governor’s non-pensionable salary is at the same level as the previous Governor’s salary. The decision to engage the current...

Written Answers — Department of Finance: Tax Rebates (28 Mar 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the delay in this case arose in part from the need for additional supporting documentation. The relevant tax return (for 2011) was submitted through ROS by the taxpayer's agent on 15th November 2012. Revenue advised the agent on 4th December 2012 of the need for further documentation, and the requested documentation was received on February...

Written Answers — Department of Finance: Betting Legislation (28 Mar 2013)

Michael Noonan: Betting is the only form of gambling subject to taxation in the form of excise duty. The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of...

Written Answers — Department of Finance: Fuel Laundering (28 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection of mineral oil tax and for tackling the illicit trade in mineral oil products, that they are very aware of the threat that illegal activity in diesel and other fuel products poses to the Exchequer and to legitimate businesses. The main form of criminality in this area is the laundering of marked gas oil...

Written Answers — Department of Finance: Tax Collection (28 Mar 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they registered the person concerned for income tax in May 2010, following receipt of a notification from that person that they had commenced to trade on 26 April 2010. I am further advised that the Revenue Commissioners have not been informed that trading has ceased and they have accordingly written to the person concerned for clarification.

Written Answers — Department of Finance: Property Taxation Collection (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 198, 213, 234, 320, 359 and 360 together. Section 119 of the Finance (Local Property Tax) Act 2012 (as amended) provides that the Local Property Tax (LPT) for 2013 is not payable until 1 July 2013. The legislation also provides that property owners may choose to pay the tax for the current year in equal instalments over the period from 1 July 2013 to the end...

Written Answers — Department of Finance: Property Taxation Application (16 Apr 2013)

Michael Noonan: The EU-IMF Programme of Financial Support is subject to policy conditionality which is set out in programme documents - the Memorandum of Understanding on Specific Economic Policy Conditionality, the Memorandum of Economic and Financial Policies and the Technical Memorandum of Understanding. The conditionality in these documents is subject to continuing assessment by the Irish Authorities...

Written Answers — Department of Finance: Employment Rights Issues (16 Apr 2013)

Michael Noonan: I am advised by the Revenue Commissioners that it is the responsibility of an employer to issue a P45 when an employee has ceased in employment. Part 1 of the P45 is given to Revenue to notify that the employment has ceased. Parts 2, 3 and 4 are given to the employee to avoid paying emergency tax in a new employment, to claim a refund of tax during unemployment, and/or to claim Social...

Written Answers — Department of Finance: Property Taxation Application (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 201, 268 and 269 together. Section 7 of the Finance (Local Property Tax) Act 2012 (as amended) provides that local authorities will be liable to pay the Local Property Tax (LPT) on their properties in the same way as any other residential property owner, unless the properties in question are used to accommodate people with special housing needs such as the...

Written Answers — Department of Finance: Property Taxation Exemptions (16 Apr 2013)

Michael Noonan: I propose to take Questions Nos. 202 and 366 together. The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered, how a residential property is to be valued for Local Property Tax (LPT) purposes and provides for the making of a Revenue Estimate. I am informed by the Revenue Commissioners that as LPT is a self-assessed tax, in the first instance it...

Written Answers — Department of Finance: Credit Availability (16 Apr 2013)

Michael Noonan: The Government recognises that SMEs are the lifeblood of the economy and will play a vital role in the recovery of employment growth in our country. One of the key priorities of the Programme for Government is to ensure an adequate pool of credit is available to fund SMEs in the real economy during the restructuring and downsizing programme. The Government has imposed SME lending targets on...