Results 15,101-15,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Deferrals (9 Apr 2014)

Michael Noonan: I am advised by Revenue that a member of the Local Property Tax (LPT) team has made direct contact with the person in question on foot of the Deputy's question.  The person provided all of the required information with regard to her financial circumstances and the LPT official confirmed to her that she qualified for a full deferral of her 2014 LPT liability based on her income. The LPT...

Written Answers — Department of Finance: Property Taxation Deferrals (9 Apr 2014)

Michael Noonan: The Deputy will be aware that the Local Property Tax (LPT) regime includes arrangements whereby a person may opt to defer, or partially defer, payment of the tax if certain conditions are met. Part 12 of the Finance (Local Property Tax) Act 2012 (as amended) provides for four separate categories of deferral of LPT; Income Threshold, Personal Representative of a Deceased Person, Personal...

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: I announced in Budget 2014 my intention to instigate a reform of the appeal system for tax matters, including a reform of the role, functions and structure of the Office of the Appeal Commissioners.  The appeal system has been under consideration over a number of years.  There have been proposals for changes to the appeals system from representative bodies, and a number of reports...

Written Answers — Department of Finance: Tax Code (9 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that capital gains tax legislation provides that certain transfers of assets between spouses are treated as giving rise to neither a gain nor a loss for capital gains tax purposes.  Such transfers include transfers of assets from one spouse to the other under a separation agreement.  However, there is no relief available where an asset is...

Written Answers — Department of Finance: Property Taxation Administration (9 Apr 2014)

Michael Noonan: I previously referred to this issue in my reply to Question Nos. 72 of 3 December 2013. Revenue has confirmed to me that a Local Property Tax (LPT) Return and payment were received from the person in question in respect of 2013. However, due to a data error on the LPT Property Register the person did not receive a payment reminder from Revenue in respect of 2014. Revenue has further...

Written Answers — Department of Finance: Tax Credits (10 Apr 2014)

Michael Noonan: I would like to assure the Deputy that tax credits for single parents have not been abolished. However, the One-Parent Family Tax Credit has been restructured and replaced with a new Single Person Child Carer Credit from 1 January 2014. The new credit is more targeted, in that it is in the first instance, only available to the principal carer of the child. Given...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 35 to 37, inclusive, together. I am advised by the Special Liquidators that residential mortgage holders can redeem their loans at par at any time. I am further advised that between the 1st February 2013 (the Special Liquidators were appointed on 6 February 2013) and the 31st March 2014, approximately 600 mortgage accounts have been...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 38 and 39 together. No final decision has been made as to the number of IBRC residential loans that NAMA may acquire from the Special Liquidators (SLs).  However as previously advised, NAMA has made appropriate preparations, including the selection of Pepper Asset Servicing (Pepper) through a competitive tendering process as its preferred bidder to...

Written Answers — Department of Finance: IMF Loan Issues (10 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 40 and 41 together. As I have previously outlined in my replies to PQ's 178 (6839/14) of 11 February 2014 and 21 (16171/14) of 8 April 2014, the question of early repayment of any one lender cannot be treated in isolation from other lenders and market expectations for when programme loans are due to be repaid. The early repayment of IMF funds would...

Written Answers — Department of Finance: Dormant Accounts Fund Administration (10 Apr 2014)

Michael Noonan: The relevant institutions have provided me with the following details regarding classifying accounts as dormant, however if the Deputy wishes to forward some further specific information about problems that she is aware of, I would be happy to investigate the matter further. AIB including EBS AIB is committed to reuniting customers with their lost or forgotten accounts (also known...

Written Answers — Department of Finance: Carbon Tax Yield (10 Apr 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the provisional yield for 2013 from Carbon Tax on solid fuel (introduced with effect from 1 May 2013) was €7.3m. The projected yield for 2014 is €21.5m, this includes the additional yield from the higher rates that come into effect from 1 May 2014, which are estimated to yield €7.2m in the current year and €14.4m in...

Topical Issue Debate: VAT Exemptions (15 Apr 2014)

Michael Noonan: I am pleased to have this opportunity to deal with the question of VAT incurred on the purchase of equipment used by mountain and lowlands rescue teams. I acknowledge the excellent work undertaken by these teams made up of unpaid volunteers, who provide a very important emergency rescue service to the public, often in difficult circumstances, terrain and weather. It is important to clarify...

Topical Issue Debate: VAT Exemptions (15 Apr 2014)

Michael Noonan: There has been no discussion on this issue at the Council of Ministers. In my view, when seeking a change such as this in the code, which change is relatively minor, the best approach is to go through the European Parliament. The Deputy has an opportune time now in the context of the European elections, to lobby the candidates for the European Parliament on making this one of the objectives...

Written Answers — Department of Finance: Tax Clearance Certificates (15 Apr 2014)

Michael Noonan: I am advised by Revenue that Tax Clearance certification (TCC) is withheld in circumstances where the applicant has not filed all the tax returns, including Local Property Tax (LPT), for which s/he is registered and paid all liabilities that are due.  With regard to the individual case to which the Deputy refers, Revenue has advised me that an application for Tax Clearance was received...

Written Answers — Department of Finance: Banking Sector Regulation (15 Apr 2014)

Michael Noonan: In response to the Deputy's question the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial regulation. Poor supervision, an overly-deferential...

Written Answers — Department of Finance: Fuel Laundering (15 Apr 2014)

Michael Noonan: I propose to take Questions Nos. 153 to 162, inclusive, together. I am advised by the Revenue Commissioners that the numbers of oil laundries detected and closed down in the period from 2010 to 2013 was 33. Details of those detections, by year and the counties in which they occurred, are set out in the following table. Year Cavan Donegal Dublin Laois Louth Meath Monaghan Offaly Waterford...

Written Answers — Department of Finance: Fuel Rebate Scheme (15 Apr 2014)

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

Written Answers — Department of Finance: Revenue Commissioners Powers (15 Apr 2014)

Michael Noonan: The Revenue Commissioners have a responsibility to apply the Tax and Customs Acts passed by the Oireachtas and to collect the revenues due to the State. I might remind the Deputy that the Commissioners are independent in the application of those Acts and the handling of individual cases is a matter for them, subject of course to taxpayers rights of appeal and recourse to the Courts and to the...

Written Answers — Department of Finance: Tax Reliefs Availability (15 Apr 2014)

Michael Noonan: A scheme of capital allowances was available for qualifying capital expenditure incurred on the construction or refurbishment of private hospitals from 2002 onwards. The phasing out of the relief was announced in Budget 2009, not just for private hospitals but also in respect of other health related facilities such as registered nursing homes, convalescent homes and mental health centres....

Written Answers — Department of Finance: Departmental Legal Costs (15 Apr 2014)

Michael Noonan: Consultancy costs for the period in question (which includes legal costs) are now provided on my Department's website. The total legal costs incurred by my Department in 2011, 2012 and 2013 are outlined in the table below:   Year 2011 2012 2013 Legal Costs €1,434,119 €3,169,031 €2,887,327 €4.3m has been provided for 2014 in respect of transactional,...