Results 12,541-12,560 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (8 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated additional yield to the Exchequer from increasing the Deposit Interest Retention Tax (DIRT) rate from 33% by 2% to 35% would be of the order of €31 million in a full year. This projection assumes no significant behavioural change by depositors or a change in interest rates applied by financial institutions to savings. It...

Written Answers — Department of Finance: VAT Rate Application (8 Oct 2013)

Michael Noonan: The 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. The measure was estimated to cost €120 million in 2011, €350 million in 2012, €350 million in 2013, and €60 million in 2014. Any proposal to maintain the 9%...

Written Answers — Department of Finance: Carbon Tax Implementation (8 Oct 2013)

Michael Noonan: I assume that the Deputy’s question relates to the double deduction for carbon tax on farm diesel which I provided for in Finance Act 2012. Under this provision, farmers are allowed a deduction in computing their farming profits or losses for the amount of additional carbon tax they incur on purchases of marked gas oil following the €5 per tonne increase in the rate of carbon...

Written Answers — Department of Finance: Tax Forms (8 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that Forms P60 are only issued by employers to their employees, as evidence of pay and tax deducted in their employment. Revenue has no function in this regard. However, Revenue will write to this person and provide him with details of the pay and tax for the years 2005 - 2011 as returned by his employer which Revenue has on file. If any further...

Written Answers — Department of Finance: Budget 2014 (8 Oct 2013)

Michael Noonan: This question relates to potential Budgetary measures. It is the usual practice for the Minister for Finance not to speculate or comment in advance of the Budget on what it may contain and I do not propose to deviate from that practice.

Written Answers — Department of Finance: NAMA Property Construction (8 Oct 2013)

Michael Noonan: NAMA advises me that NAMA is subject to similar legal requirements as other lenders that preclude it from disclosing details relating to its debtors and their properties to any third party. NAMA’s role in relation to properties is, like a bank, that of a secured lender. NAMA, as with other lenders, does not procure or manage construction contracts in respect of properties securing...

Written Answers — Department of Finance: Tax Yield (8 Oct 2013)

Michael Noonan: I am interpreting the Deputy’s question to mean monies accruing to the State from Sporting Clubs and Bodies in respect of taxes, social insurance contributions and universal social charges, etc. I am informed by Revenue that it is not possible to extract the information required, given the broad nature of the Deputy’s request. Details of such payments by Sporting Clubs and...

Written Answers — Department of Finance: NAMA Operations (8 Oct 2013)

Michael Noonan: NAMA advises me that site security, where required, is one of a number of business overheads associated with the essential repair and maintenance of properties and the preservation of value. NAMA permits debtors to retain a portion of rental and other income produced by a debtor’s assets to meet these essential costs. Such costs are itemised within each debtor’s general...

Written Answers — Department of Finance: Pension Provisions (8 Oct 2013)

Michael Noonan: As I have outlined to the Deputy previously the pension arrangements of Permanent TSB employees are a matter for the management of that company and the Trustees of the relevant pension schemes. As the Deputy would appreciate my department is engaged in regular contact with Permanent TSB and the defined benefit pension schemes at that institution are one of many topics which have arisen in...

Written Answers — Department of Finance: Budget 2013 (8 Oct 2013)

Michael Noonan: The Deputy will be aware that measures announced in the Budget 2013 concerned many Departments, not just my own. As regards Finance Act 2013, this is the means by which measures announced in the Budget and relating to taxation are implemented. The Act also implements associated Revenue-related measures The scope of Finance Act 2013 was set out in the Finance Bill 2013 Explanatory Memo and...

Written Answers — Department of Finance: Credit Review Office Appeals (9 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 56 and 57 together. The Credit Review Office (CRO) has provided me with the following information: County Number of Applications To Date Carlow 4 Cavan 6 Clare 4 Cork 36 Donegal 9 Dublin 101 Galway 9 Kerry 15 Kildare 11 Kilkenny 4 Laois 7 Leitrim 2 Limerick 22 Longford 6 Louth 8 Mayo 9 Meath 11 Monaghan 2 Offaly 4...

Written Answers — Department of Finance: Tax Reliefs Availability (9 Oct 2013)

Michael Noonan: With regard to VAT, persons who are registered for VAT are entitled to claim input credit for VAT charged on the installation of a wind turbine for use in their taxable activities. In addition, the VAT (Refund of Tax) (Flat-rate Farmers) Order 2012 provides that flat-rate farmers, who are not registered for VAT, can claim a refund of tax borne on the purchase of a wind turbine for the...

Written Answers — Department of Finance: Credit Unions Issues (9 Oct 2013)

Michael Noonan: The Question is referring to the proposed combination between Newbridge Credit Union and Naas Credit Union. I wish to confirm that in the course of the meeting with the Newbridge Credit Union Action Group, I did not mention a specific figure regarding the cost of the combination of these credit unions. As I stated in reply to Question Nos. 35 and 46 last week in clarification of this...

Written Answers — Department of Finance: Alcohol Pricing (9 Oct 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: Budget Submissions (9 Oct 2013)

Michael Noonan: My Department has so far received in excess of 500 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in the context of Budget and Finance Bill preparation. I can confirm that a submission from the Simon Community has been received. However, as the Deputy will be aware, it is not the practice of the Minister for Finance to...

Written Answers — Department of Finance: Tax Collection (9 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the Deputy may be referring to Local Property Tax (LPT), where individuals who own more than one property are obliged by law to file and pay their LPT online even if they are not ROS registered. In the context of Government policy on e-Government and e-payments, and Revenue’s strategic objective of establishing the use of electronic...

Written Answers — Department of Finance: Customs and Excise Controls (9 Oct 2013)

Michael Noonan: This is a matter in the first instance for the Revenue Commissioners as the Irish tax and customs administration. I am advised by Revenue that they are not aware of any particular delays associated with the customs clearance of containers from China at any Irish ports or airports. Indeed, I am pleased to say that the clearance regime operated by Revenue conforms to international best...

Written Answers — Department of Finance: Tax Yield (9 Oct 2013)

Michael Noonan: The Deputy may wish to know that this information as well as outturn and profile data on the other main taxation categories are published in the Statistics Databank on the Department of Finance website and is available at; http://databank.finance.gov.ie/ For convenience, the information required follows. - Corporation tax receipts €000 2006 6,683,247 2007 6,390,625 2008...

Written Answers — Department of Finance: Corporation Tax Data (9 Oct 2013)

Michael Noonan: It is assumed the Deputy is referring to the number of companies that filed corporation tax returns for the years outlined who had Net Trading Income (before deductions and charges) in excess of the amounts specified in the question. I am informed by the Revenue Commissioners that the relevant figures are as contained in the Table CTS 1 of the Statistical Reports published annually by the...

Written Answers — Department of Finance: Tax Yield (9 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 66 and 67 together. The Deputy may wish to know that aggregate outturn and profile data on income tax and the other main taxation categories is published in the Statistics Databank on the Department of Finance website and is available at http://databank.finance.gov.ie/ Monthly data on Deposit Interest Retention Tax receipts since 2007 is as follows. Monthly...