Results 14,201-14,220 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Rebate Scheme (11 Feb 2014)

Michael Noonan: I introduced this scheme under the Finance Act 2013 to provide for a repayment of part of the mineral oil tax paid on the purchase of auto-diesel by qualifying road haulage and bus operators for use in the course of their business. To address the risk of widespread abuse of the scheme, provision was made for certain restrictions on the means by which the auto-diesel concerned may be...

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

Michael Noonan: Section 848A of the Taxes Consolidation Act 1997 (TCA) provides for a scheme of tax relief on donations to approved bodies. The list of approved bodies for the purposes of Section 848A, which includes eligible charities, bodies approved for education in the arts and eligible primary, secondary and third level institutions, is available on the Revenue website at . For donations made...

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

Michael Noonan: The Deputy will be aware that the Central Bank publishes mortgage arrears, restructures and repossession statistics on a quarterly basis.  The latest publication was published in November 2013 and showed data to the end of September 2013. The Central Bank has informed me that statistical information received by the Central Bank as part of its ESCB (European System of Central Banks)...

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

Michael Noonan: The Central Bank's Code of Conduct on Mortgage Arrears (CCMA) is a statutory Code issued under Section 117 of the Central Bank Act 1989 and lenders are required to comply with the CCMA as a matter of law.  The Central Bank's CCMA was revised last year and the revised Code came into effect from 1 July 2013. This followed an extensive consultation process where over 200 submissions were...

Written Answers — Department of Finance: Pension Provisions (11 Feb 2014)

Michael Noonan: I assume that the guaranteed income requirement referred to in the question relates to one of the conditions to be satisfied in order for an individual to invest the proceeds of certain pension savings into an Approved Retirement Fund (ARF). ARFs were introduced by Finance Act 1999 to provide control, flexibility and choice to certain individuals in relation to the drawing down of benefits...

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

Michael Noonan: I have been advised by the Revenue Commissioners that the tax credit and the tax cut off point of the person concerned have changed as a result of the person s  Department of Social Protection State Pension Contributory as advised to Revenue having increased from an amount €21,066 in 2013 to €22,703 in 2014. A tax credit certificate issued to the person concerned on 16...

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

Michael Noonan: Capital gains tax legislation sets out the rules relating to the expenditure that is allowed in computing a chargeable gain and the amount of capital gains tax due. Expenditure that is allowed includes the cost of acquisition of an asset, enhancement expenditure incurred during the period of ownership of the asset and costs incurred in disposing of the asset. Enhancement expenditure means...

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

Michael Noonan: I am advised by Revenue that a key aspect of the work undertaken in regard to Local Property Tax (LPT) was the development of a comprehensive register of residential properties in the State. During the compilation of the Property Register some matching difficulties were encountered when consolidating the various data sources, and in certain instances the linkage of properties to relevant...

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

Michael Noonan: I have been advised by the Revenue Commissioners that the income tax being deducted by the employer in this case would appear to be correct. A copy of the person's tax credit certificate will be issued to him shortly.  The details shown on the certificate are based on the most recent information Revenue has in relation to the person's tax credit entitlements. If these details are not...

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

Michael Noonan: I propose to take Questions Nos. 148 and 167 together. The legislation governing entitlement to the incapacitated child tax credit is contained in section 465 of the Taxes Consolidation Act 1997, as amended. The legislation provides that an individual is entitled to the tax credit for a year if he or she proves that at any time during that year he or she had a child who: - is under...

Written Answers — Department of Finance: Pensions Levy Issues (11 Feb 2014)

Michael Noonan: I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 will be abolished from the 31st of December 2014. I have, however, introduced an additional levy on pension funds at 0.15% for 2014 and 2015. I am doing this to, among other things, continue to help fund the Jobs Initiative. I have no plans to change this position.

Written Answers — Department of Finance: Revenue Commissioners Investigations (11 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that two payments of the kind referred to by the Deputy were made, one of €500 in 2011 and one of €500 in 2012. Such payments I understand are made only in certain defined and limited circumstances. The approval of such a payment by Revenue is conditional on the provision of new and/or significant information which results in a...

Written Answers — Department of Finance: Departmental Contracts Data (11 Feb 2014)

Michael Noonan: The information requested by the Deputy for my Department is outlined below. Information relating to the National Treasury Management Agency (NTMA) is not included. vI will forward it to the Deputy as soon as possible.   Department of Finance: Professional Services 2011 2012 2013 2014 Tendered Purpose Arthur Cox €1,373,060 €2,879,427 €1,728,407  ...

Written Answers — Department of Finance: VAT Rebates (11 Feb 2014)

Michael Noonan: The transport of passengers and their accompanying baggage is exempt from VAT, this includes services provided by the coach and bus sector. This means that a person who provides a bus or coach service does not register for VAT and does not charge VAT on the supply of their services.  This also includes the hiring of a coach with a driver.  Persons who are exempt from VAT cannot...

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

Michael Noonan: I propose to take Questions Nos. 153 and 154 together. I am advised by the Revenue Commissioners that they have published on their website at and http://www.revenue.ie/en/tax/lpt/lpt-stats-initial- 2014.pdf  the preliminary data available in relation to LPT for 2013 and 2014 respectively.  The data shows that as at 6 November, mandatory deduction at source from wages or...

Written Answers — Department of Finance: Credit Availability (11 Feb 2014)

Michael Noonan: As the Deputy is aware, as part of the 2011 recapitalisation exercise, the Government imposed SME lending targets on AIB and Bank of Ireland for the three calendar years, 2011 to 2013. Each bank was required to sanction lending of at least €3 billion in 2011, €3.5 billion last year and €4 billion in 2013 for new or increased credit facilities to SMEs. Both banks have...

Written Answers — Department of Finance: Excise Duties Yield (11 Feb 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown of excise receipts by category and by month from January 2012 to December 2013 is as shown in the tables below. Please note that the receipts shown for 2013 are provisional and are subject to revision. Information for January 2014 is not available yet. 2012 Alcohol Tobacco Oils Carbon VRT Other Excise €m €m...

Written Answers — Department of Finance: Tobacco Seizures (11 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the numbers of seizures of cigarettes and tobacco, and the quantities seized, each month since January 2013 are as detailed in the following table.  Seizures of Cigarettes and Tobacco Cigarettes - Tobacco ( Kilograms ) -  - Seizures Quantity Seizures Quantity 2013  -  -  -  - January 508 1,497,781 95 325.37...

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

Michael Noonan: The single person child carer credit (and the associated increase in the standard rate band) is, in the first instance, only available to the principal carer of a qualifying child.  The principal carer is the individual with whom the child resides, and who looks after the child, for the year or the greater part of the year.   In introducing the credit, the Government had...

Written Answers — Department of Finance: Departmental Advertising Expenditure (11 Feb 2014)

Michael Noonan: The information for the Deputy is in tabular readable form as requested. Method Cost (inc. VAT where applicable) Company/Organisation Print €47,521.12 Public Appointments Service (PAS) - €7,535.38; Iris Oifiguil €15,295; Brindley Advertising - €24,690.74 Internet & social media €1,466.25 PAS Total €48,987.37  -   A...