Results 12,001-12,020 of 27,019 for speaker:Michael Noonan

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

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

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

Michael Noonan: I am advised by the Revenue Commissioners that the standard rate of VAT, currently 23%, applies to the sale of ice-cream, as it does to most confectionery and sugary foods. In this respect, ice-cream parlours selling ice-cream to customers must charge the 23% rate on the supply of ice-cream. A reduction in the VAT rate on ice-cream would lead to pressure to apply a similar reduction to the...

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

Michael Noonan: I am informed by the Revenue Commissioners that statistics are not available which would enable the information requested by the Deputy to be provided. Prescription pain killers are classified within the same economic sector as a wide range of other pharmaceutical products and could not be separately identified without conducting a protracted investigation of the Revenue...

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

Michael Noonan: Any amendments in the VRT area will be considered in the context of the annual Budget.

Written Answers — Department of Finance: Prize Bonds (16 Jul 2013)

Michael Noonan: European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted in July...

Written Answers — Department of Finance: Official Travel (16 Jul 2013)

Michael Noonan: In response to the Deputy's question agencies under the aegis of my Department have supplied me with the following information in regards to their policy regarding overseas travel undertaken by staff members on behalf of the agency concerned. National Treasury Management Agency Overseas travel by NTMA staff is an operational matter for the NTMA Chief Executive. The NTMA has business...

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

Michael Noonan: The information requested by the Deputy is contained in the following table: List of non-commercial State sponsored Bodies Name of Body National Treasury Management Agency National Pensions Reserve Fund Commission National Development Finance Agency Credit Union Restructuring Board (ReBo) In addition the New Economic and Recovery Authority has been set-up on a non-statutory basis...

Written Answers — Department of Finance: Property Taxation Administration (17 Jul 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how a residential property is to be valued for Local Property Tax (LPT) purposes. I am informed by the Revenue Commissioners that, as LPT is a self-assessed tax, it is a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. For the purposes of LPT, values...

Written Answers — Department of Finance: Credit Unions Issues (17 Jul 2013)

Michael Noonan: I am advised by the Central Bank of Ireland that certain tracker bonds sold to a number of credit unions which were liabilities of Irish Bank Resolution Corporation (IBRC) at the time of the liquidation have a structured deposit element which is covered by the Deposit Guarantee Scheme (DGS) for that element of the product. As a result the first €100,000 of any claim in such cases is...

Written Answers — Department of Finance: Money Laundering (17 Jul 2013)

Michael Noonan: European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted in July...

Written Answers — Department of Finance: Tax Compliance (17 Jul 2013)

Michael Noonan: The Deputy will be aware that the Revenue Commissioners received information from the Department of Social Protection (DSP) in late 2011 in respect of individuals in receipt of pensions payments made by the DSP. Upon examining this information, it became clear that a large number of these pension recipients had not reported their pension income to the Revenue Commissioners even though they...

Written Answers — Department of Finance: Excise Duties Yield (17 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown in excise returns by category and by month from January 2011 to June 2013 is as follows: 2011 Alcohol Tobacco Oils Carbon VRT Other Excise JAN 87.8 0.6 234.7 14.5 41.5 12.1 FEB 35.9 26.8 176.7 44.7 57.7 9.0 MAR 51.2 64.7 183.0 23.3 49.1 8.2 APR 67.9 96.1 180.2 32.2 45.9 9.5 MAY 67.5 65.4 177.5 19.4 33.5 5.5 JUN 65.6...

Written Answers — Department of Finance: Tobacco Seizures (17 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that combating the illegal tobacco trade is, and will continue to be, a very high priority for them. The Commissioners’ “Strategy on Combating the Illicit Tobacco Trade (2011-2013)”, which is published on the Revenue website (www.revenue.ie), includes a wide range of measures designed to target those engaged in the supply and...

Written Answers — Department of Finance: Regulatory Impact Assessment Submissions (17 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection of tobacco products tax, that Revenue will be represented on the Standardised/Plain Packaging High Level Implementation Group, which has been established by the Department of Health to oversee the introduction of plain packaging for tobacco products. Revenue will have the opportunity in this Group to set out...

Written Answers — Department of Finance: Budget 2014 Issues (17 Jul 2013)

Michael Noonan: As the Deputy will be aware, the Budget 2014 will be announced in October of this year, some two months earlier than in previous years. While all taxes and potential taxation options are constantly reviewed, it is a long-standing practice of the Minister for Finance not to comment specifically, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. A...

Written Answers — Department of Finance: Tax Yield (17 Jul 2013)

Michael Noonan: It is assumed that the Deputy is referring to the introduction of a third rate of income tax of either 42%, 43%, 44%, 45%, 46% or 47 % to be applied on the portion of taxable incomes in excess of €100,000 per annum. In addition, it is assumed that the threshold for the proposed new income tax rates mentioned by the Deputy would not alter the existing standard rate band structure...

Written Answers — Department of Finance: Universal Social Charge Yield (17 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, from extending the additional universal social charge by either 1%, 2%, 3%, 4%, 5% or 6% to all PAYE income earners income in excess of €100,000 would be of the order of €24 million, €47 million, €71 million, €95 million, €118 million and...

Written Answers — Department of Finance: Banking Sector Issues (17 Jul 2013)

Michael Noonan: As I stated in response to a number of previous PQs a way forward for Permanent TSB was agreed with the Troika in April 2012 which envisaged it playing an important role in the future of Irish retail banking, being a more focused retail bank bringing an element of competition to the marketplace which has consolidated significantly since 2008. In this regard Permanent TSB submitted a...

Written Answers — Department of Finance: Banking Sector Issues (17 Jul 2013)

Michael Noonan: As the Deputy will be aware, notwithstanding the fact that the State is a significant shareholder in Permanent TSB, that institution is run on a commercial basis and I do not have a role in the day to day commercial decisions taken by the board and management of Permanent TSB, including in respect of the employment of external consultants and advisors. Separately, I am informed by Permanent...

Written Answers — Department of Finance: Departmental Staff Rehiring (17 Jul 2013)

Michael Noonan: In my Department no retired civil or public servant has been retained on a short term contract or a consultancy basis where normal abatement rules do not apply.