Results 11,221-11,240 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I am informed by the Revenue Commissioners that as a result of a previous review of the taxpayer's affairs (Question No. 56 of 9 February 2012), some additional liabilities were identified. These have been partially dealt with by offsetting superannuation relief, and Revenue has been in touch with the taxpayer in relation to the balance. Revenue will now write again to the taxpayer fully...

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

Michael Noonan: The liquidation of IBRC is progressing well and I am satisfied with the work performed by the Special Liquidators to date. Unfortunately due to commercial sensitivities and the potential detrimental impact that a disclosure of the details of work performed might have on asset recovery in the impending sales process, I cannot provide a detailed update on the work of the Special Liquidators. ...

Written Answers — Department of Finance: Departmental Legal Costs (23 May 2013)

Michael Noonan: In response to the Deputy's question my Department has developed in house legal capacity which manages a portion of the Department of Finance legal work and seeks to minimise the use of external counsel for general matters. With effect from 5 August 2011 the functions of the Banking Unit of the National Treasury Management Agency were transferred to the Department of Finance. Prior to...

Leaders' Questions (28 May 2013)

Michael Noonan: Listen to the experts on checkpoints.

Order of Business (28 May 2013)

Michael Noonan: We know the Deputy.

Confidence in the Minister for Justice and Equality: Motion [Private Members] (28 May 2013)

Michael Noonan: Deputy Mattie McGrath has no problem exhaling.

Written Answers — Department of Finance: Tax Code (28 May 2013)

Michael Noonan: I propose to answer Questions Nos. 140, 151, 162, 168 and 213 together. Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: Illegal Tobacco Trade (28 May 2013)

Michael Noonan: I would like to assure the Deputy that the illegal importation of tobacco is not treated as a relatively minor offence. I am advised by the Revenue Commissioners that they view tobacco smuggling as a very serious matter, and that combating the illegal tobacco trade is, and will continue to be, a high priority for them. Their “Strategy on Combating the Illicit Tobacco trade...

Written Answers — Department of Finance: Universal Social Charge Payments (28 May 2013)

Michael Noonan: I have been advised by the Revenue Commissioners, that based on the information available to them, the person concerned had no earnings since October 2011. During the tax year 2011, the Universal Social Charge (USC) was deducted by the person’s employer. The person’s 2011 USC liability has now been reviewed and a refund of the amount of USC over deducted will issue shortly to...

Written Answers — Department of Finance: Property Taxation Administration (28 May 2013)

Michael Noonan: The bands used for the Local Property Tax (LPT) - an initial band of €0 to €100,000 and 18 bands of €50,000 width from €100,001 to €1 million - are those recommended by the Thornhill Group, the expert group which advised on the design of the tax. The grouping of properties into bands for property taxation purposes was also recommended by the 1982 and 2009...

Written Answers — Department of Finance: Global Remittances (28 May 2013)

Michael Noonan: I assume that the Deputy is referring to recent newspaper reports regarding World Bank figures for Global Remittances in 2011. The World Bank Migration and Remittances Factbook for 2011 shows total remittance flows into Ireland of USD 755m and remittance outflows of USD 2, 843 m. The newspaper reports focussed in particular on the figure for remittances from Nigerians living in Ireland to...

Written Answers — Department of Finance: Money Advice and Budgeting Service Issues (28 May 2013)

Michael Noonan: The Deputy may wish to note that I replied to a number of Parliamentary Questions on this issue in the House last week. The Central Bank has advised that it has been agreed among the lender participants to use an independent third party service provider as the most appropriate way to engage with borrowers, whose consent to participate will be sought and will be required in order to take...

Written Answers — Department of Finance: Corporation Tax (28 May 2013)

Michael Noonan: I propose to take Questions Nos. 146 to 150, inclusive, 159, 160 and 177 together. As the Deputies are aware, owing to tax payer confidentiality I am only able to speak in general terms about this issue and matters that are already in the public domain. As the Taoiseach, the Tánaiste, numerous other Ministers, and I have explained already, there is no special tax rate deal done with...

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

Michael Noonan: I am advised by the Revenue Commissioners that there were 12 convictions in the last 10 years, for offences related to the illicit trade in mineral oils, including smuggling, in respect of which custodial sentences were imposed by the Courts. The sentences imposed were suspended in a number of cases. One conviction was overturned, on appeal, by the Court of Criminal Appeal, and in another...

Written Answers — Department of Finance: Tax Yield (28 May 2013)

Michael Noonan: I am informed by ComReg that just over 12.3 billion SMS messages were sent in the 12 months ending 31 December 2012, and a total of some 59 billion were sent in the five years ending 31 December 2012. On the face of it, this would imply a potential yield over the last five years of c. €590m, and a yield in 2012 of c. €123m from a 1 cent levy on SMS messages. This yield cannot,...

Written Answers — Department of Finance: Pension Provisions (28 May 2013)

Michael Noonan: As the Deputy will be aware the pension arrangements for the staff of Permanent TSB are a matter for the management of that company and for the trustees of the relevant pension schemes. It would not be appropriate for me to comment on the implications for an individual arising out of any proposed restructuring by Permanent TSB of its defined benefit pension schemes. I understand that a...

Written Answers — Department of Finance: Banking Sector Issues (28 May 2013)

Michael Noonan: As part of my Department’s Strategy for Financial Inclusion in Ireland, a basic payment account (named the Standard Bank Account) was offered by three banks (AIB, Bank of Ireland and permanent tsb) in three pilot locations (New Ross, Tallaght and Tullamore) from 29 June 2012. The Financial Inclusion Working Group (FIWG) was tasked with governance of the project. The Standard Bank...

Written Answers — Department of Finance: Tax Yield (28 May 2013)

Michael Noonan: I propose to take Questions Nos. 156 and 189 together. Both questions relate to the domestic provisions on withholding taxes under the Taxes Consolidation Act 1997. If the Irish tax legislation were amended to provide that a 1% withholding tax would apply to outgoing royalties from Irish companies, or that withholding tax would apply to dividends paid to treaty countries, any changes would...

Written Answers — Department of Finance: NAMA Loan Offers (28 May 2013)

Michael Noonan: I am advised by NAMA that the information referenced by the Deputy is available in the following format only – from inception to end-April 2013, NAMA advises that it had approved €1.8 billion in new loan advances to debtors, €1.1 billion of which had been completed or drawn down. By region/country, the percentage amount was:- Ireland: 46%;- Northern Ireland: 1%;-...

Written Answers — Department of Finance: Departmental Meetings (28 May 2013)

Michael Noonan: I propose to take Questions Nos. 158 and 184 together. Since the formation of this Government, there have been no meetings between me or officials in the Fiscal Policy Division of my Department and the company referred to in the question on taxation matters. Nor have there been meetings between me or officials in the Fiscal Policy Division of my Department and tax advisers acting in...