Results 10,661-10,680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Collection (1 May 2013)

Michael Noonan: The Revenue Commissioners have made a wide range of payment options available, which means liable persons can choose a method of payment that suits their circumstances. The Local Property Tax (LPT) can be paid by way of phased payments or in full – for example, by way of a Single Debit Authority which is the equivalent of an electronic cheque. The Single Debit Authority option is...

Written Answers — Department of Finance: Tax Residency Issues (1 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that for the tax year 2011, the latest year for which figures are available, the number of persons who have filed tax returns indicating that they are non-resident for tax purposes is 12,073. It is important to note that the circumstances of individuals who are non-resident for tax purposes but who file tax returns can vary widely. They include, for...

Written Answers — Department of Finance: Banking Operations (1 May 2013)

Michael Noonan: I, as Minister for Finance, have no statutory role in relation to regulated financial institutions refusing to accept lodgements of packs of coins as raised by the Deputy. It is a commercial matter for each institution concerned how it conducts individual transactions. However, I have been advised by the Central Bank that Section 10 of the Economic and Monetary Union Act 1998 states that:...

Written Answers — Department of Finance: Property Taxation Administration (1 May 2013)

Michael Noonan: I propose to take Questions Nos. 87 and 92 together. A key aspect of the work undertaken by Revenue was the development of a comprehensive register of residential properties in the State. I am informed by the Revenue Commissioners that since 11 March 2013 Revenue has used this Register to issue LPT Returns and supplementary information to owners of 1.66 million residential properties. The...

Written Answers — Department of Finance: Carbon Tax Collection (1 May 2013)

Michael Noonan: Solid fuel carbon tax will be charged on all solid fuels supplied in the State, regardless of whether the fuel products are Irish made or imported. Solid fuel is defined under section 77 of the Finance Act 2010, as amended and means coal or peat. Coal is further defined to include coal and lignite, solid fuel manufactured from coal and lignite, and any other energy product within the...

Written Answers — Department of Finance: Bond Redemption (1 May 2013)

Michael Noonan: The Deputy will be aware that my Department has already provided details of bonds held and redeemed by the covered institutions. The responses to PQ numbers 38256/12, 36107/12, 19595/12, 7451/12, 5160/12, 4207/12, 34441/11, provide a comprehensive list of the bonds, value date, maturity date etc. on an institution by institution basis for specific dates as well as the position in relation to...

Written Answers — Department of Finance: National Payments Plan Implementation (1 May 2013)

Michael Noonan: In 2011, I requested that the Central Bank examine ways to improve Ireland's payment infrastructure. The Central Bank established a Steering Committee which prepared and submitted the National Payments Plan to me. Government subsequently approved the plan in April 2013. A copy has been sent to all TDs and Senators and is available online at . The National Payments Plan will target...

Written Answers — Department of Finance: Property Taxation Collection (1 May 2013)

Michael Noonan: The Savings Stamps Scheme is a matter for An Post. I am advised by An Post that the scheme is a facility for customers to save up amounts for the sole purpose of making a deposit to a Post Office Savings Scheme, and that Savings Stamps are primarily bought by school children in schemes operated by many primary schools. Savings Stamps cannot be redeemed for cash or used as a payment method...

Written Answers — Department of Finance: Tax Rebates (1 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the medical expenses claim submitted by the person concerned for 2012 has been processed and a refund will issue shortly. The refund being issued will be adjusted to take account of a small amount of tax due for 2011 and was previously notified to the taxpayer.

Written Answers — Department of Finance: Property Taxation Exemptions (1 May 2013)

Michael Noonan: I refer the Deputy to my detailed reply to similar questions, No. 115 on 27 March (15664/13) and No. 231 on 16 April (16212/13). The Finance (Local Property Tax) Act 2012 (as amended) provides two potential measures of relief from Local Property Tax (LPT) for persons who have a disability. Section 10B provides an exemption for permanently incapacitated individuals, while section 15A...

Written Answers — Department of Finance: Mortgage Interest Rates Issues (1 May 2013)

Michael Noonan: While the Government is acutely aware of the increasing financial stress that some households are facing in the current environment, ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial matter for the management and the Board of the Institution. As the Deputy will be aware the Relationship Framework with AIB provides that the State...

Written Answers — Department of Finance: Liquor Licence Applications (1 May 2013)

Michael Noonan: I am informed by the Revenue Commissioners that they may only facilitate the issue of a Licence where the appropriate Court certificate is submitted within 12 months of issue, and certain conditions, as set down in legislation, are met. These include: - Valid Tax Clearance Certificate - Short Certificate of Incorporation (if Licensee is a company) - Certificate of Registration of...

Written Answers — Department of Finance: Tax Code (1 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the provisions in primary legislation relating to the €500 administration charge are contained in section 135D(4)(b) of the Finance Act 1992 (as inserted by section 83(1)(j), Finance Act 2012). The charge is applied when the Revenue Commissioners are satisfied that a vehicle has been permanently removed or exported from the State, when...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (1 May 2013)

Michael Noonan: The criteria relating to the engine size of a vehicle and the relief available for vehicles which qualify under the Disabled Drivers and Passengers Scheme have been in place since 1989. The purpose of the scheme was to provide for ways in which people with a physical disability could become more mobile; it is felt that the present limit of 2000cc is sufficient to allow for an extensive...

Written Answers — Department of Finance: Mortgage Resolution Processes (1 May 2013)

Michael Noonan: In terms of significant mortgage arrears and difficulty, the Government has significantly advanced a number of key measures, including; (i) An intensification by the Central Bank of its engagement with mortgage lenders to require them to propose sustainable and durable alternative arrangements to their customers in mortgage arrears; (ii) Significant reforms to personal insolvency to...

Written Answers — Department of Finance: Banking Sector Remuneration (1 May 2013)

Michael Noonan: The present policy on remuneration at the covered institutions dictates that no individual may receive annual aggregate remuneration (excluding pension contributions) exceeding €500,000 unless specifically authorised. This overarching policy is now supplemented by the inescapable conclusion arising out of the recently published Review of Remuneration Practices and Frameworks at the...

Written Answers — Department of Finance: Property Taxation Administration (2 May 2013)

Michael Noonan: A key aspect of the work undertaken by Revenue for the Local Property Tax (LPT) was the development of a comprehensive Register of residential properties in the State. The Register was developed using data drawn from a range of sources including Revenue’s own databases, the Local Government Management Agency database and data from utility companies. Data from the various sources was...

Written Answers — Department of Finance: Vehicle Registration Numbers (2 May 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the number of cars registered in each emission category for the purposes of VRT and the VRT rate associated with each of these categories for the years 2009, 2010, 2011 and 2012 is as follows: Gross registrations of new cars  -  - 2009 2010 2011 2012  - VRT Rate New New New New A1 14% 7,181 30,810 37,945 42,820 A2 16%...

Written Answers — Department of Finance: Euro Coins Production (2 May 2013)

Michael Noonan: The average cost of producing each coin denomination is as follows: 2c 2.07c 5c 3.01c 10c 5.16c 20c 6.76c 50c 8.27c 1 Euro 9.75c 2 Euro 14.25c In any given year the cost of striking each denomination of coin is dependent upon the total volume and combination of coins produced. It should also be noted that material costs can fluctuate. Economies of scale are an important element in...

Written Answers — Department of Finance: Banking Sector Issues (2 May 2013)

Michael Noonan: The Central Bank has advised my Department that they engaged BlackRock Solutions to provide services under the Central Bank’s Financial Measures Programme (FMP) including the Prudential Capital Assessment Review (PCAR). BlackRock Solutions are an advisory firm that is part of the wider BlackRock Group. The Central Bank do not have the information requested in relation to BlackRock...