Results 11,201-11,220 of 27,019 for speaker:Michael Noonan

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: Neither did the people in the committee who got up on their high horse-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: There is no negotiation. The Revenue did not do any deals. We will work internationally through the OECD and with any other international body. I actually sent a letter to Commissioner Semeta who is in charge of tax and we then wrote jointly to every colleague in the European Union. We agreed there were six areas of tax avoidance that had to be addressed during the Irish Presidency. We...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: The most recent figures I have are the end of April figures which are for the first four months of the year. The revenues up to the end of April are up €145 million, 1.3%, year on year. They are broadly on profile. They are €7 million below the budget estimates on the basis of the monthly profiles. There are variations within those figures. The year-on-year growth was...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: We are not quite sure. It is too early to tell. In bringing in a budget, we do the Estimate for the full year and thereafter compile monthly profiles. We are talking large numbers here. Some months are VAT months while other months are not. This means the figures are uneven across the months. A slight error on profiling might explain some of it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: It is too early to predict that. We will see what happens over the summer. VAT is overall in line with profile, but there are different elements to that. I do not want to speculate too much about it. The difficulty in having an early budget is more to do with the income tax returns of the self-employed. They come in during November and if we have to do the budget in October, we will be...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: It is too early to say. We are only planning the profile and scheduling at this point. The Deputy is getting into the detail of a budget which will not be brought forward for months.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: The Deputy knows that some budget measures come into effect on budget night and others do not.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (22 May 2013)

Michael Noonan: I am not yet in a position to answer his question, but I will do so in due course.

Topical Issue Debate: Corporation Tax (23 May 2013)

Michael Noonan: The corporation tax paid by some large multinational corporations and the rate at which they pay that tax is an issue that has attracted a lot of public and media attention recently. Every country in the world has its own particular tax system. These systems have been put in place and developed over the years to reflect their own circumstances. Some multinational corporations, with the...

Topical Issue Debate: Corporation Tax (23 May 2013)

Michael Noonan: I believe the House appreciates that the taxation affairs of individuals and of individual companies are a matter that is confidential between the individual or individual companies and the Revenue Commissioners. The rate of tax that is chargeable in Ireland on the profits that are made by a company in Ireland is 12.5%. It is only when the global profits of a company are added together, and...

Topical Issue Debate: State Banking Sector (23 May 2013)

Michael Noonan: 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 inevitable conclusion that the cost base of the institutions needs to be reduced further. This is essential if they are to return to profitability,...

Topical Issue Debate: State Banking Sector (23 May 2013)

Michael Noonan: The situation may be worse than the Deputies who have raised the issue are aware. I am informed by Permanent TSB that the 2012 annual report showed a deficit of €127 million on the pension schemes. However, new accounting rules which came into effect from 1 January 2013 will cause this deficit to rise. As permitted under the accounting standard which applied in 2012 - IAS 19 -...

Written Answers — Department of Finance: VAT Rates Application (23 May 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: Pension Provisions (23 May 2013)

Michael Noonan: I am assuming that the question is referring to a situation where an employee is making pension contributions to his or her employer sponsored occupational pension scheme and is also making contributions to a personal pension plan in respect of which the individual does not have a source of relevant earnings against which to claim relief on the contributions. I am advised by the Revenue...

Written Answers — Department of Finance: Tax Code (23 May 2013)

Michael Noonan: A couple that enters into a civil partnership under the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 is entitled to the same treatment for income tax, capital gains tax, capital acquisitions tax and stamp duty as a married couple. The relevant taxation provisions were introduced in the Finance (No. 3) Act 2011. They allow civil partners to claim the benefits...

Written Answers — Department of Finance: Fodder Crisis (23 May 2013)

Michael Noonan: In response to the Deputy’s question there are no suitable bodies under the remit of my Department who could be of assistance in alleviating the current fodder shortage affecting the farming community.

Written Answers — Department of Finance: IBRC Liquidation (23 May 2013)

Michael Noonan: I have been advised by the Special Liquidators that the valuation of IBRC's loan assets will be completed by no later than 30 November 2013 and that the sale of IBRC’s assets shall be agreed or completed by no later than 31 December 2013 or as soon as practicable thereafter. It is the view of the Special Liquidators based on the internal documentation and information within IBRC that...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 May 2013)

Michael Noonan: I propose to take Questions Nos. 45 and 49 together. I have been advised by the Central Bank that it is conducting an on-going investigation into the sale of Payment Protection Insurance (PPI) by firms from July 2007. In September 2012 the Central Bank broadened its investigation to include a number of other banks and credit institutions. Approximately 340,000 PPI policies were sold by...

Written Answers — Department of Finance: Corporation Tax (23 May 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the amount of corporation tax paid by the top 10 multinational companies (as measured by corporation tax paid) is per the following table. The table includes the gross amounts paid in corporation tax for each year and the net corporation tax paid for each year. The difference could be for a number of reasons e.g. if a company overestimates its...

Written Answers — Department of Finance: Corporation Tax (23 May 2013)

Michael Noonan: I propose to take Questions Nos. 47 and 50 together. I am precluded from discussing the tax affairs of any particular individual or company, but I can confirm that I have received no such representations from the UK authorities in respect of the operation of Ireland's corporation tax regime. Ireland has a positive international reputation based on transparency and co-operation, as is...