Results 14,181-14,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Collection (6 Feb 2014)

Michael Noonan: I must inform the Deputy that the Assay Office is not the responsibility of either my Department or of the Revenue Commissioners.

Written Answers — Department of Finance: Tax Avoidance Issues (6 Feb 2014)

Michael Noonan: I am informed by the Office of the Revenue Commissioners that Revenue is an integrated tax and customs administration. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to target and confront non-compliance. These front-line activities include anti-smuggling and anti-evasion, investigation and prosecution, audit, assurance checks, anti-avoidance,...

Written Answers — Department of Finance: Tax Avoidance Issues (6 Feb 2014)

Michael Noonan: It is assumed that the Deputy is referring to transactions that would be regarded as abusive tax avoidance transactions under the general anti avoidance rules (known as GAARs ) available to the Revenue Commissioners. Where transactions are entered into for the purposes of avoiding tax and are detected by the Revenue they are challenged by Revenue under the relevant anti avoidance rules. In...

Written Answers — Department of Finance: Motor Industry Issues (6 Feb 2014)

Michael Noonan: SIMI in its 2014 pre-Budget submissions called for the introduction of a "swappage scheme" to support the industry. The proposal was considered at the time but given the budgetary constraints was not proceeded with. It is open to the industry to bring forward such proposals for consideration in Budget 2015. However, in this context, the Deputy will be aware that car sales...

Written Answers — Department of Finance: VAT Rate Reductions (6 Feb 2014)

Michael Noonan: Statistics in relation to the economic impact of the 9% reduced VAT rate on the tourism sector are not available on a county basis.  However, evidence on a national basis can indicate local trends.  In this respect, the most recent data available from the CSO of economic growth broken down by sector relates to the year 2012, and shows that there was a year-on-year growth in gross...

Written Answers — Department of Finance: National Monuments (6 Feb 2014)

Michael Noonan: As the Deputy may be aware NAMA is precluded from commenting on the financial affairs of individual debtors. I am advised that properties at 14-17 Moore Street are protected and designated as a National Monument and works are subject to Ministerial Consent. On the 16 July 2013, the Minister for Arts, Heritage and the Gaeltacht, granted consent for specified works to be completed on the...

Written Answers — Department of Finance: National Debt Issues (6 Feb 2014)

Michael Noonan: As I have outlined in my replies to a number of previous Parliamentary Questions, the Euro-area Heads of State or Government (HoSG) agreed in June 2012 that "it is imperative to break the vicious circle between banks and sovereigns", and that when a Single Supervisory Mechanism, involving the ECB, is in place and operational, the European Stability Mechanism could recapitalize banks directly....

Written Answers — Department of Finance: Property Taxation Yield (6 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) for 2013 are available broken down by city and county councils nationally and the most up to date figures are published on the Commissioners website at: http://www.revenue.ie/en/tax/lpt/lpt-stats-11-2013.pdf. The Commissioners have confirmed that by the end of December 2013...

Written Answers — Department of Finance: Tax Reliefs Availability (6 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, under Section 469 of the Taxes Consolidation Act 1997, tax relief is allowable on health expenses incurred outside of the State on the same basis as health expenses incurred within the State, subject to certain conditions, such as that the practitioner concerned is entitled to practice, and for expenses incurred prior to 2010, that the...

Written Answers — Department of Finance: Tax Credits (6 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a Tax Credit Certificate was issued to the named individual on 16 December 2013.

Written Answers — Department of Finance: Tax Yield (6 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the details on the payment of VAT are not captured in such a manner as would provide a basis for compiling the breakdown of information sought by the Deputy, either by the specific commodity or by county.

Written Answers — Department of Finance: IBRC Liquidation (6 Feb 2014)

Michael Noonan: The Special Liquidators have a clear legal obligation to ensure that the best possible price is obtained for any loan or loan portfolio and have advised me that they are fully confident that they have delivered on this obligation and will continue to adhere to this obligation.  The Special Liquidators are clear that the specific sales process the Deputy is referring to was transparent...

Written Answers — Department of Finance: IBRC Liquidation (6 Feb 2014)

Michael Noonan: I have been advised by the Special Liquidators that, as is normal in the liquidations of companies, all costs, charges and expenses properly incurred by the Special Liquidators in relation to the winding up of Irish Bank Resolution Corporation Limited (In Special Liquidation), including the Special Liquidators fees, will be paid out of the assets of Irish Bank Resolution Corporation Limited...

Written Answers — Department of Finance: Fuel Rebate Scheme (6 Feb 2014)

Michael Noonan: I assume the Deputy's question relates to the differential mineral oil tax rates that apply to auto-diesel and marked gas oil. The question of introducing a rebate scheme for users of marked gas oil has been addressed in previous parliamentary debates.  I am advised by the Revenue Commissioners, who have responsibility for the collection of mineral oil tax and for tackling illicit trade...

Written Answers — Department of Finance: Property Taxation Data (11 Feb 2014)

Michael Noonan: The Local Property Tax Act 2012, as amended, is based on local authorities within the meaning of the Local Government Act 2001.  Accordingly, I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) are available broken down by city and county councils nationally and that preliminary figures for 2014 will be published shortly.  Any...

Written Answers — Department of Finance: Tax Exemptions (11 Feb 2014)

Michael Noonan: The Cycle To Work scheme  was introduced by  Finance (No. 2) Act 2008 and specifies that bicycles and associated safety equipment provided by employers to employees will be treated as a tax exempt benefit-in-kind subject to certain conditions being met. One of the benefits envisaged from the scheme was indeed that more people cycling to and from work would improve health and...

Written Answers — Department of Finance: Credit Review Office Appeals (11 Feb 2014)

Michael Noonan: I am informed by the Credit Review Office (CRO) that they have received 447 formal applications to date. Of these, 305 have reached final conclusion and the CRO has upheld 55% of the appeals in favour of borrowers. Some of the other appeals are work in progress, others are resolved between the borrower and the bank before opinions need to issue, and some were abandoned by the...

Written Answers — Department of Finance: Government Bonds (11 Feb 2014)

Michael Noonan: I am informed that the National Treasury Management Agency (NTMA) currently has no plans to issue a sharia-compliant sovereign Sukuk also known as Islamic bonds. The NTMA recently raised €3.75bn out of a probable total of €8 billion for 2014 all of which is pre-funding for 2015. Given this relatively modest issuance plan and the desire to return to regular bond auctions,...

Written Answers — Department of Finance: Stock Exchange Issues (11 Feb 2014)

Michael Noonan: Measures to encourage the development of Islamic finance in Ireland include: the continuing development of the UCITS and alternative investment fund platforms; the Finance Act 2010 which introduced a number of provisions to ensure that financial products structured along Islamic finance principles are taxed in the same way as conventional financial products; double taxation agreements which...

Written Answers — Department of Finance: Mortagage Arrears Resolution Process (11 Feb 2014)

Michael Noonan: The Deputy will be aware that the Central Bank's Code of Conduct on Mortgage Arrears (CCMA) places an onus on the banks in respect of a co-operating borrower, to explore all the options for offering an alternative repayment arrangement to address a mortgage difficulty, before any legal action is considered.  The CCMA is a statutory Code issued under Section 117 of the Central Bank Act...