Results 14,241-14,260 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Bodies (12 Feb 2014)

Michael Noonan: In response to the Deputy's question the following table contains a list of bodies under the aegis of the Department for which the Minister answers Parliamentary Questions pursuant to Standing Order 34. Name  of  Body National Treasury Management Agency  National Treasury Management  Agency Advisory Committee National Pensions Reserve Fund (NPRF) National Pensions...

Written Answers — Department of Finance: Ministerial Appointments (12 Feb 2014)

Michael Noonan: In response to the Deputy's question the following is a list of bodies to which I may appoint board members. Name  of  Body National Treasury Management  Agency Advisory Committee State Claims Agency Policy  Committee National Pensions Reserve Fund Commission National Development Finance Agency (NDFA) Financial Services Ombudsman National Asset  Management...

Written Answers — Department of Finance: Local Authority Functions (12 Feb 2014)

Michael Noonan: The following powers or functions have been conferred on local authorities by legislation introduced by the Department of Finance since June 2009:1. Sections 19 to 21 of the Finance (Local Property Tax) Act 2012 (as amended) confer a power on local authorities to vary the basic rate of Local Property Tax by + or - 15%. These provisions are due to commence with effect from July 2014.  ...

Written Answers — Department of Finance: National Debt (12 Feb 2014)

Michael Noonan: I am informed by the NTMA that a reduction of 50 basis points in the interest rates charged by the EFSF, EFSM, UK, Sweden and Denmark would result in savings on debt service costs of €5 million per annum for every one billion euro outstanding during any particular year.  However, it should be noted that the Government has already negotiated the removal of the interest rate margins...

Written Answers — Department of Finance: Budget Consultation Process (12 Feb 2014)

Michael Noonan: In my 2014 Budget speech, I stated that the 0.6% levy on pension fund assets would end this year but that I was introducing an additional levy of 0.15% for 2014 and 2015, in order among other reasons, to continue to help fund the Jobs Initiative which is being successful in creating and maintaining employment in the areas affected by the measures in the Initiative. Individuals and...

Written Answers — Department of Finance: Universal Social Charge Exemptions (12 Feb 2014)

Michael Noonan: All individuals are liable to pay the Universal Social Charge (USC) if their gross liable income exceeds the threshold of €10,036 per annum.  Each spouse or civil partner is treated individually for the year. The concept of joint assessment for a couple does not apply in relation to the USC. The amount of USC payable will depend on the individual's age and the amount of his or...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (12 Feb 2014)

Michael Noonan: I assume the Deputy to be referring to the Disabled Drivers and Passengers Tax Concession scheme. The criteria relating to the engine size of a vehicle and the relief available for vehicles which qualify under the Disabled Drivers Passenger Scheme have been in place since 1989.  The purpose of the scheme is to provide for ways in which people with a physical disability can become...

Written Answers — Department of Finance: VAT Rate Application (12 Feb 2014)

Michael Noonan: I propose to take Questions Nos. 56 to 60, inclusive, together. The supply of coffins within the State is liable to VAT at the standard rate, which is currently 23%. However, the supply of a coffin by a funeral undertaker as part of a funeral service is exempt from VAT. Funeral undertaking includes transportation of the body before and after it has been placed in the coffin, organisation...

Written Answers — Department of Finance: Tax Reliefs Availability (12 Feb 2014)

Michael Noonan: While there are no existing "direct" tax incentive schemes specifically relating to expenditure by property-owners on flood prevention works, there are a number of provisions in the Tax Acts which might, depending on the owner's circumstances and the nature of the work on which the expenditure is incurred, provide a measure of relief in respect of such expenditure. The Home Renovation...

Written Answers — Department of Finance: Pensions Levy Issues (12 Feb 2014)

Michael Noonan: The pension fund levy is a matter under my responsibility. 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...

Written Answers — Department of Finance: Property Taxation Administration (13 Feb 2014)

Michael Noonan: Section 20 of the Finance (Local Property Tax) Act legislation enables local authorities to increase or decrease the rate of local property tax by a local adjustment factor on properties located in their area.  This factor cannot exceed +15% or -15% of the central national rate.  The Minister for the Environment, Community and Local Government may make regulations...

Written Answers — Department of Finance: Customs and Excise Controls (13 Feb 2014)

Michael Noonan: I am advised by the Revenue Commissioners that, the EU Common Customs Tariff (Council Regulation 2658/87) specifies the duty to be applied to all goods coming into the EU from 3rd countries, whether imported by private individuals or by commercial entities. This EU wide system is applied in all 28 Member States. There is no single rate of duty. The rates of duty vary from one product to...

Written Answers — Department of Finance: Tax Credits (13 Feb 2014)

Michael Noonan: A couple who enter into a civil partnership in accordance with the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 can avail of the same treatment for tax purposes as married couples including joint assessment. This includes the right to share tax credits and reliefs. The relevant taxation provisions extending this tax treatment to civil partners were set out in...

Written Answers — Department of Finance: Pensions Levy Issues (13 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 in Finance (No. 2) Act 2013. I am doing this to, among other things, continue to help fund the Jobs Initiative. This legislation does...

Written Answers — Department of Finance: Corporation Tax Regime (13 Feb 2014)

Michael Noonan: Companies operating in Ireland are chargeable to corporation tax at the 12.5% rate on the profits that are generated from their trading activities here.  A higher 25% rate applies in respect of investment, rental and other non-trading profits, as well as certain petroleum, mining and land dealing activities, while chargeable capital gains are taxable at the capital gains tax rate of...

Written Answers — Department of Finance: Property Taxation Administration (13 Feb 2014)

Michael Noonan: I am informed 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 Government and non-Government data sources and in a relatively small number of...

Written Answers — Department of Finance: Central Bank of Ireland (13 Feb 2014)

Michael Noonan: The Central Bank is statutorily obliged to publish information on the main issues addressed during the year including information on how it carried out its regulatory and supervisory activities. In accordance with Section 32L of the Central Bank Act 1942 (as amended), the Central Bank is required to prepare an Annual Performance Statement on its financial regulatory activities...

Written Answers — Department of Finance: Banking Sector Issues (13 Feb 2014)

Michael Noonan: The Central Bank has informed me that, since Danske Bank's original announcement of its commercial decision to withdraw existing day to day personal customer products and services on a phased basis during the first half of 2014, and also to discontinue the provision of personal and business banking products to new customers, the Bank has been in communication with Danske Bank....

Written Answers — Department of Finance: Banking Sector Issues (13 Feb 2014)

Michael Noonan: I can confirm for the Deputy the following in relation to the current valuation of the State's remaining investments in AIB, Bank of Ireland and Permanent tsb. Bank Investment Valuation Source Allied Irish Banks Equity €6.5bn NPRF - Preference Shares €3.5bn NPRF - Contingent capital (CoCo) €1.6bn Par redemption value Bank of Ireland Equity €1.35bn Current...

Written Answers — Department of Finance: Tax Code (13 Feb 2014)

Michael Noonan: The position is that the new Single Person Child Carer Tax Credit is designed to be an activation measure, which was the original intention behind the One Parent Family Tax Credit, which it replaced.   It is designed to be an in-work benefit to support a principal carer to take up, or remain in, employment. The Commission on Taxation acknowledged that the One-Parent...