Results 12,341-12,360 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Pension Provisions (26 Sep 2013)

Michael Noonan: Finance Act 2013 provides members of occupational pension schemes with a three-year window of opportunity from 27 March 2013 during which they can opt to draw down, on a once off basis, up to 30% of the accumulated value of additional voluntary contributions (AVCs). Administrators of AVC funds (including PRSA administrators) are required to provide, within 15 working days of the end of each...

Written Answers — Department of Finance: Tax Yield (26 Sep 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the available information on the yield in the years 2005 to 2012 from Stamp Duty on transfers of shares, stocks and marketable securities is set out in the following table: Year € million 2005 324 2006 406 2007 608.7 2008 419.4 2009 207.6 2010 181.7 2011 194.8 2012 171.5 The figures shown are the yields from transfers of stocks...

Written Answers — Department of Finance: Tax Yield (26 Sep 2013)

Michael Noonan: I propose to take Questions Nos. 87 to 90, inclusive, together. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of abolishing the main personal and employee tax credits for income earners earning over €150,000, would be of the order of €165 million. The estimated full year yield to the...

Written Answers — Department of Finance: Tax Yield (26 Sep 2013)

Michael Noonan: The Standard Fund Threshold (SFT) is the maximum allowable pension fund on retirement for tax purposes which was introduced in Budget and Finance Act 2006 to prevent over-funding of pensions through tax-relieved arrangements. Information on the numbers and values of individual pension funds or on individual accrued benefits are not generally required to be supplied to the Revenue...

Written Answers — Department of Finance: Tax Yield (26 Sep 2013)

Michael Noonan: The Deputy should be aware that EU Directive 92/93, which governs the structure of alcohol taxation, requires that such taxes are applied by reference to the nature and strength of the product rather than the means of packaging. It does not provide for different tax treatment of alcohol products depending on where the product is sold. Accordingly, the introduction of such a levy would not be...

Written Answers — Department of Finance: Departmental Staff Data (26 Sep 2013)

Michael Noonan: According to our records at end 1981, the Department employed the following: Title Number Special Adviser 1 Personal Assistant 1 Personal Secretary 1 Publicity Officer 1 At end 2011, my Department employed the following: Title Number Special Adviser 2 Press Officer (Civil Servant) 1 Personal Assistant 1 Civilian Driver 2 Currently, my Department employs the following: Title...

Written Answers — Department of Finance: NAMA Property Sales (1 Oct 2013)

Michael Noonan: I have not publicly requested that NAMA defer this property sale; the property in question has been for sale on the open market for some time, which allowed any interested buyer to make their interest known to NAMA. This property was sold at auction on the 27th of September. As the Deputy will be aware that given the independence afforded to NAMA by the NAMA Act, and having established...

Written Answers — Department of Finance: Tax Reliefs Availability (1 Oct 2013)

Michael Noonan: Based on the information supplied I understand the Deputy’s question to refer to the tax treatment of any Financial Contribution made in respect of an individual under the Nursing Home Support Scheme Act 2009. Section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of health expenses in the provision of health care incurred by an individual or an...

Written Answers — Department of Finance: VAT Rate Application (1 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 183 and 213 together. At present, work is underway on the overall structure of Irish Water, its financial model and the treatment of its function for taxation. The outcome of this work will determine the VAT treatment of water charges.

Written Answers — Department of Finance: VAT Rebates (1 Oct 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that a VAT Refund has been approved and will issue to the person concerned shortly. I have noted with interest Oxfam's very informative Issue Briefing, 'Growing Disruption: Climate Change, Food and the Fight against Hunger'. Ireland's new policy for international development, 'One World, One Future' , recognises the inextricable link between...

Written Answers — Department of Finance: Tax Clearance Certificates (1 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a Tax Clearance Certificate issued for the company (details supplied) on 29/08/2013.

Written Answers — Department of Finance: Central Bank of Ireland Issues (1 Oct 2013)

Michael Noonan: As Minister for Finance, I have no function in the recruitment of staff in the Central Bank. I have been informed by the Central Bank that their policy is to recruit resources as required to satisfy their business needs, and the recruitment policy for the Central Bank's printing works is no exception to this. Furthermore, I have been advised by the Central Bank that all of the vacancies...

Written Answers — Department of Finance: Property Taxation Yield (1 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that compliance data for Local Property Tax (LPT) are only available broken down by city and county councils nationally and the most up to date figures available are published on the Revenue website at . More up-to-date data will be published in due course. The Commissioners further advise it is not possible to state at this point the precise...

Written Answers — Department of Finance: Banking Sector Issues (1 Oct 2013)

Michael Noonan: The Central Bank of Ireland has advised me that it cannot comment on specific issues with regard to a regulated financial institution. However, the Central Bank has informed me that all lenders are required to comply with the requirements of the statutory Code of Conduct on Mortgage Arrears (CCMA). The CCMA applies to the mortgage lending activities of all regulated entities, except credit...

Written Answers — Department of Finance: Official Languages Act 2003 Compliance (1 Oct 2013)

Michael Noonan: In response to the question from the Deputy, my Department has signage in all its buildings in both the Irish and English language. This applies to both internal and external signs. A review of our signage was recently performed by An Coimisinéir Teanga and we await the results and recommendations of that review. There are no schools or third level institutions within the remit of my...

Written Answers — Department of Finance: Legislative Process (1 Oct 2013)

Michael Noonan: Unfortunately the information requested by the Deputy could not be collated, by my Department, in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Insurance Industry Issues (1 Oct 2013)

Michael Noonan: At the outset, the Deputy should note that in my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation, including insurance. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. I have...

Written Answers — Department of Finance: EU Directives (1 Oct 2013)

Michael Noonan: In response to the Deputy’s question there has been full compliance by my Department with European Union directives with the exception of the Financial Conglomerates Directive (FICOD) which was due for transposition on the 10th June 2013. There are currently no fines resulting from non-compliance and any potential fines resulting from non-compliance with the Financial Conglomerates...

Written Answers — Department of Finance: Universal Social Charge Yield (1 Oct 2013)

Michael Noonan: The position is that in Budget 2013, I announced that that the reduced rates of USC for those aged 70 years and over, as well as for medical card holders, with an income in excess of €60,000 would be discontinued from 1 January 2013. This measure was estimated to yield €25 million in 2013 and €38 million in a full year. I am informed by the Revenue Commissioners that...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: In Budget 2013, I announced that Top Slicing Relief would no longer be available from 1 January 2013 in respect of ex-gratia lump sums paid on retirement from, or termination of, an office or employment, where the non-statutory payment was €200,000 or over. This measure was estimated to yield €10 million in a full year. However, as the relief is only granted by Revenue in...