Results 13,661-13,680 of 27,019 for speaker:Michael Noonan

Seanad: Finance (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Michael Noonan: Senators, including Senator O'Brien, propose that rather than requiring a person making a claim for the single person child carer credit as a secondary claimant to demonstrate he or she is involved in the actual care of the child, adhering to the terms of a court order maintenance agreement would be sufficient. The intent of the legislation is to provide a support for those single persons...

Seanad: Finance (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Michael Noonan: It would be possible for a separated couple to make a financial arrangement which would have the same effect. To enshrine it in law would impose very big data problems on the Revenue Commissioners. If a couple was not amicably separated to make provision in law that one person's tax circumstances should be revealed would create a big difficulty.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Michael Noonan: I understand the Senators propose that in circumstances where a primary claimant has no entitlement to the restructured tax credit because he or she has married or entered into a civil partnership or a cohabiting relationship, the secondary claimant would have full entitlement to the tax credit. It is intended that the restructured credit will be an activation measure and it is designed to...

Seanad: Finance (No. 2) Bill 2013: Committee Stage (12 Dec 2013)

Michael Noonan: I have nothing to add.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: The purpose of Senator Kathryn Reilly's recommendation is to suspend the application of this measure until the Minister signs a commencement order and that the Minister would not be enabled to sign such a commencement order until a report examining the effects of the proposed arrangement was prepared and laid before the Dáil . If I were to accept that recommendation, the proposal would...

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: If a couple are in the situation where sharing gives a better result for both of them, there is nothing in law to stop them from making an arrangement where they both benefit. Obviously whoever has the higher taxable income takes the credit and pays additional moneys to the person who does not. There is nothing to stop that happening and people can amicably make the arrangement. On the...

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: Yes, I never said that.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: I never said it.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: Senator Hayden should quote the full paragraph.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: Yes, because I am being misquoted. Senator Hayden should quote the full paragraph.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: That is a fact.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: That is not what is being quoted.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: That is not what is being quoted.

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: The consumer price index shows the cost of medical insurance and it increased by 86% in the past four years. There seems to be no control of costs in private medical insurance and much of the time it is a transfer from the consumer, who pays the premium, to the company which transfers it on to settle the bills of consultants and private hospitals. By capping it at €1,000 per adult...

Seanad: Finance (No. 2) Bill 2013: Committee Stage (Resumed) and Remaining Stages (12 Dec 2013)

Michael Noonan: I thank all of the Senators for their contributions. On Senator O'Brien's precise question about indexation of this new measure, I would be opposed to that because I want to keep control of the cost of tax credits in the hands of the Minister for Finance of the day. I do not want to index this because that would transfer the control of costs totally to the companies and they would just keep...

Written Answers — Department of Finance: Financial Services Sector (17 Dec 2013)

Michael Noonan: The customer due diligence requirements are set out in the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended by the Criminal Justice (Money Laundering and Terrorist Financing Act 2013). Section 33 of the 2010 Act requires designated persons (such as banks) to apply customer due diligence measures prior to establishing a business relationship with a customer...

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

Michael Noonan: I am advised by Revenue that the person the Deputy refers to in his representation is a 'multiple property' owner and is therefore obliged by law to file his Local Property Tax (LPT) Returns online. Revenue advises that it has developed a high grade IT system for LPT, which supports multiple property owners in accessing their individual property records through a single screen. The system...

Written Answers — Department of Finance: Household Charge Collection (17 Dec 2013)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) provides that, where Household Charge for 2012 remains unpaid at 1 July 2013, the amount outstanding is increased to €200 and classified as arrears of Local Property Tax (LPT). All such arrears will be collected by Revenue in the same manner as LPT and may involve the deployment of debt...

Written Answers — Department of Finance: Pension Provisions (17 Dec 2013)

Michael Noonan: At the outset, I should say that the scenarios outlined in the question, albeit that they are purely hypothetical, may be based on a misapprehension of how the Standard Fund Threshold (SFT) regime operates in practice. To try to answer the questions posed, it is necessary to make assumptions about how the individuals concerned managed, in the period prior to retirement, any possible exposure...

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

Michael Noonan: 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. For the year 2014, the liability date is 1 November. LPT liability crystallises on the sale of a...