Results 13,361-13,380 of 27,019 for speaker:Michael Noonan

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: He found it difficult to respond to this one.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: When one is analysing budget changes one never takes into account changes announced in previous budgets that still have an impact in the year in question. No Minister ever did that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: No Minister from the Deputy's party did that either. One illustrates the changes announced in the budget.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: The Deputy's example that a previous year's impact should be included is not valid.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: Is that why the Deputy did not know and did not remind everyone at least five times?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: We can have all the analysis we like but I am here as Minister for Finance to represent the Government. I will explain every tax measure I introduce and will debate them across the House for as long as Deputies want. That is the best evaluation of the impact of a budget. I do not think we always need to run to outsiders to do evaluations which a strong parliamentary democracy should do for...

Topical Issue Debate: Illicit Trade in Tobacco (27 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection of tobacco products tax and for tackling illicit trade in this area, that they are very aware of the threat that illegal tobacco products poses to the Exchequer and to the Government's health protection objective of discouraging smoking through high prices. Tackling this problem is a high priority for...

Topical Issue Debate: Illicit Trade in Tobacco (27 Nov 2013)

Michael Noonan: I fully support the Minister for Health in introducing plain packaging. We will not be diverted from that by any correspondence we receive from vested interests.

Topical Issue Debate: Illicit Trade in Tobacco (27 Nov 2013)

Michael Noonan: There is a real problem with tobacco. Much of it arises from the fact that ordinary decent citizens are buying illicit cigarettes and illicit tobacco, mainly for price reasons. As we continue to use price to discourage people from smoking, I think we will divert more and more of the trade to the illicit trade. It sounds like a cliché to say that if people stopped buying illicit...

Written Answers — Department of Finance: Property Taxation Application (27 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 34 and 38 together. In accordance with the Finance (Local Property Tax) Act 2012 (as amended), liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date, which was 1 May 2013 for 2013 and for subsequent years, 1 November in the preceding year. Section 119 of the Act sets out the dates for payment of...

Written Answers — Department of Finance: Brewery Licensing (27 Nov 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a person wishing to set up a craft brewery must first obtain Revenue approval as an authorised manufacturer and warehouse keeper. In addition the Revenue Commissioners must also grant the person concerned a manufacturer’s licence. Such a person can apply to the National Excise Licence Office for this authorisation and licence. The...

Written Answers — Department of Finance: Tax Code (27 Nov 2013)

Michael Noonan: Council Directive 92/83/EEC on excise duty for alcohol and alcoholic beverages provides that a reduced rate of excise duty may be applied for beer produced in microbreweries. The reduced rate shall not be set more than 50% below the standard national rate of excise duty for beer. Since 1 January 2005, Ireland applies a relief of 50% on Alcohol Products Tax in respect of qualifying beer...

Written Answers — Department of Finance: Property Taxation Administration (27 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the address details of the person in question have now been amended. The person in question can pay their Local Property Tax online using the Property ID and PIN number issued by Revenue, as these relate to the correct property.

Written Answers — Department of Finance: NAMA Operations (27 Nov 2013)

Michael Noonan: As the Deputy will be aware NAMA’s role is generally that of a secured lender. Like any bank they own the debt while the debtor or appointed liquidator owns and controls the properties associated with that debt. Any attempt to influence NAMA on this matter, would contravene Section 221 of the NAMA Act, which makes it an offence to communicate with NAMA with the intention of...

Written Answers — Department of Finance: Central Bank of Ireland Expenditure (27 Nov 2013)

Michael Noonan: I have been provided the following table by the Central Bank which details the total financial cost of contracts awarded by the Central Bank to the specified companies in each of the years 2008, 2009, 2010, 2011, 2012 and 2013. I have been informed by the Central Bank that, for commercial reasons, it can only provide the requested information on an aggregate basis. In relation to the total...

Written Answers — Department of Finance: National Treasury Management Agency Expenditure (27 Nov 2013)

Michael Noonan: It has not been possible for the National Treasury Management Agency to collate the information requested in the time available. I will write to the Deputy with the information as soon as it becomes available.

Written Answers — Department of Finance: Property Taxation Collection (27 Nov 2013)

Michael Noonan: I am advised by Revenue that the introduction of Local Property Tax (LPT) amounted to the largest extension of the self-assessment system in its history and represents a very great administrative challenge. For example, Revenue has answered in excess of 750,000 telephone calls and replied to in excess of 210,000 letters or emails since March 2013. Revenue has taken LPT from concept to a...

Written Answers — Department of Finance: Property Taxation Collection (27 Nov 2013)

Michael Noonan: I am advised by Revenue that that there was a misallocation of payments for 2013 between two properties connected to the person in question. The misallocation occurred as the person is a joint owner on one property and an executor on the other. Revenue has confirmed that the 2013 payment queries were resolved on 21 August 2013 and the person was informed in that regard. Revenue has also...

Written Answers — Department of Finance: IBRC Loans (27 Nov 2013)

Michael Noonan: The Special Liquidators confirm that Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC Limited”) engaged with foreign companies to assist with the recovery of assets beneficially held by the Quinn Group. I have been advised that in High Court proceedings to recover the debts due to IBRC Limtied, now in special liquidation, by the Quinns, the Bank has...

Written Answers — Department of Finance: Property Taxation Application (27 Nov 2013)

Michael Noonan: The issues raised in this question are similar to those raised by the Deputy in Question No. 229 on 5 November (46999/13). The Local Property Tax (LPT) is an annual tax and has an annual pay and file season like other annual taxes. Property owners are being asked to indicate a payment method for 2014 and Revenue is only contacting people whose payment option for 2013 does not automatically...