Results 11,981-12,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Legal Costs (16 Jul 2013)

Michael Noonan: In general, my Department uses the services of the Office of the Attorney General and the Office of the Chief State Solicitor for legal advice. However, it also uses outside legal advisors in circumstances requiring legal services of a specific nature. The costs associated with the Office of the Attorney General and the Office of the Chief State Solicitor are borne by their respective...

Written Answers — Department of Finance: Tax Credits (16 Jul 2013)

Michael Noonan: The position is that the Incapacitated Child Tax Credit can be claimed where the child is permanently incapacitated either physically or mentally from maintaining himself/herself. I am advised by the Revenue Commissioners that a hearing disability is regarded as being permanently incapacitating only if there is severe and permanent deafness affecting both ears which cannot be corrected by a...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No: 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. The person (details supplied)...

Written Answers — Department of Finance: Income Data (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2013, is set out in the following table. All Income Earners for Income Tax Year 2013 Range of Gross Income Effective Rate € % 1,001 - 20,000 0.6% 20,001 - 32,800 4.4% 32,801 - 50,000 9.9% 50,001 - 70,000 15.0% 70,001 - 100,000 18.8% 100,001 - 125,000 22.3%...

Written Answers — Department of Finance: European Banking Sector (16 Jul 2013)

Michael Noonan: The Deputy will be aware that under the Irish Presidency on 26 June 2013 EU Finance Ministers agreed a common position on the proposal for a harmonized bank recovery and resolution regime, which sets out provisions governing how resolution is carried out and how the costs are shared. This EU-wide resolution framework for the managed resolution of banks and investment firms will give...

Written Answers — Department of Finance: VAT Rates Reductions (16 Jul 2013)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under the VAT Directive Member States may only apply the reduced VAT rate to those goods and services which are listed under Annex III of the VAT Directive. Annex III does not provide for a reduced rate of VAT to be applied to furniture. As such, the only rate that may...

Written Answers — Department of Finance: Vehicle Registration Issues (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that in the context of Local Government reform regulations will be drafted to amend the vehicle registration number plates for counties Tipperary, Limerick and Waterford. When finalised and signed by the Revenue Commissioner, it is intended that these regulations will come into effect from 1 January 2014 and will result in a single registration plate...

Written Answers — Department of Finance: Corporation Tax (16 Jul 2013)

Michael Noonan: The availability of relief for losses incurred in a business is a well-established feature of the corporation tax regime, which is in recognition of the fact that a business cycle runs over several years and that it would be unbalanced to tax profits in one year and not allow losses in another. Under Irish tax legislation a company incurring a trading loss in an accounting year can carry that...

Written Answers — Department of Finance: Tax Yield (16 Jul 2013)

Michael Noonan: The tax treatment of undistributed reserves in companies is dealt with by sections 440 and 441 of the Taxes Consolidation Act 1997. Section 440 provides for an additional charge of corporation tax (referred to as a surcharge) on undistributed investment and estate income of close companies. A close company will be liable to a surcharge of 20% on any investment and rental income that is not...

Written Answers — Department of Finance: Tax Rebates (16 Jul 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that they have reviewed the income tax liability of the person concerned for the years 2009 to 2012 inclusive. On the basis of the information available to them the person concerned is not due a refund of tax. PAYE Balancing Statements (P21s) for 2009 to 2012 inclusive will issue shortly to the person concerned.

Written Answers — Department of Finance: NAMA Transactions (16 Jul 2013)

Michael Noonan: As the Deputy is aware, NAMA is prohibited under Sections 99 and 202 of the NAMA Act from disclosing confidential information, including details relating to individual debtors and their properties.

Written Answers — Department of Finance: NAMA Transactions (16 Jul 2013)

Michael Noonan: I am advised by the Special Liquidators that they are not in a position to comment on individual cases. The information requested is confidential in nature and it would not be appropriate for the Special Liquidators to release such information.

Written Answers — Department of Finance: Disabled Drivers Grants (16 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No: 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. The legislation specifies...

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

Michael Noonan: Access to finance for SMEs is a key aspect of the Action Plan for Jobs 2013. It is the Government's vision that all viable businesses operating in Ireland should have the opportunity to access sufficient finance to meet their enterprise needs in a manner that supports growth and employment in the economy. The Government has imposed SME lending targets on the two domestic pillar banks for...

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

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

Written Answers — Department of Finance: Budget 2014 Issues (16 Jul 2013)

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

Written Answers — Department of Finance: Tax Yield (16 Jul 2013)

Michael Noonan: According to Budget estimates prepared by my Department the expected yield for 2013 from Local Property Tax is €250 million. I am advised by the Revenue Commissioners that they are confident that this amount will be achieved.

Written Answers — Department of Finance: Departmental Functions (16 Jul 2013)

Michael Noonan: While my Department does not attempt to target property prices, it does closely monitor the property and construction sectors as part of its remit for overall economic performance. In that context, my Department has recently established an inter-agency property group, which brings together key departments and agencies to consider the challenges and opportunities relating to the sector. More...

Written Answers — Department of Finance: Departmental Functions (16 Jul 2013)

Michael Noonan: Ireland's inflation rate during the boom was high by European standards, with Ireland’s rate of HICP – the comparative measurement of inflation across Europe – on average 1.3 percentage points higher than the euro area average between 1999 and 2007. This served to erode Ireland’s competitiveness; making it more difficult for Irish firms to compete on the world...

Written Answers — Department of Finance: Tax Credits (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the increases in the effective income tax rates, estimated by reference to 2013 incomes, that would be brought about by reducing the main personal income tax credits, but not the employee tax credit, in the manner mentioned by the Deputy in Parliamentary Question No 74 (Ref Number 32383/13) of 3 July 2013 are set out in respect of each specified...