Results 15,381-15,400 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Collection (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to LPT and made Revenue responsible for the collection of any arrears. Any outstanding HHC liability was increased to €200 and was included as part of the LPT liability for the property. Revenue received...

Written Answers — Department of Finance: Revenue Documents Issuance (6 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that the stamp certificate issued by post on the 12 December 2013 to the solicitor of the person in question. Should the person in question require further clarification he may contact Mr Michael O'Hanlon, Dublin Stamping District, Dublin Castle, Dublin 2, telephone 01 8589393.

Written Answers — Department of Finance: Pensions Levy Issues (6 May 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 31 December 2014. I introduced an additional levy at 0.15% which, as I also stated in the Budget speech, would apply within the existing legal framework to pension fund assets in 2014 and 2015. This was done to, among other things,...

Written Answers — Department of Finance: Property Taxation Assessments (6 May 2014)

Michael Noonan: I am informed by the Revenue Commissioners that as Local Property Tax (LPT) is a self-assessed tax it was a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property on 1 May 2013. In order to avoid incurring interest or penalty charges, individuals were required by 2 April 2014, to have filed an LPT 1 return in respect of their...

Written Answers — Department of Finance: Property Taxation Collection (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to LPT and made Revenue responsible for the collection of any arrears. Any outstanding HHC liability was increased to €200 and was included as part of the LPT liability for the property. Revenue received...

Written Answers — Department of Finance: Revenue Commissioners Resources (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that that they currently have 14 detector dog teams, each consisting of a detector dog and its handler, at their disposal. These teams are deployed at strategic locations throughout the country and are used in the detection of drugs, tobacco and cash. While the teams operate primarily in their regions of assignment, they are also available for...

Written Answers — Department of Finance: House Purchase Schemes (6 May 2014)

Michael Noonan: As the Deputy can appreciate, it is not the Minister's role to comment on individual cases.  It is a commercial decision for a credit institution to determine the suitability of a borrower. Mortgage lending decisions must be undertaken on a sustainable and prudential basis by financial institutions and conform fully to the regulatory requirements, both in relation to the financial...

Written Answers — Department of Finance: Tax Code (6 May 2014)

Michael Noonan: Officials in my Department have been considering, with officials from the Department Agriculture, Food and the Marine, the tax implications for certain farmers arising from changes in the new EU Common Agriculture Policy and the scope for mitigating the tax effects. I have also been in contact with the Minister for Agriculture, Food and the Marine in these matters. There are potential tax...

Written Answers — Department of Finance: Household Charge Collection (6 May 2014)

Michael Noonan: I propose to take Questions Nos. 168 and 169 together. I am informed by the Revenue Commissioners that they have been in constant communications with the Local Government Management Agency (LGMA) since Local Property Tax (LPT) was first announced by the Government in 2012.  The LGMA was also represented on the inter-Departmental Group, chaired by Revenue, which was established...

Written Answers — Department of Finance: Film Industry Tax Reliefs (6 May 2014)

Michael Noonan: The Film Relief tax credit is undergoing significant changes, as outlined in Budget 2013 and enacted in Finance Act 2013. Under the new scheme, film relief will be given a new focus. The delivery mechanism of the incentive will change. It will not be available to investors in qualifying films. Instead a payable tax credit amounting to 32% of the lowest of: - the eligible expenditure amount;...

Written Answers — Department of Finance: VAT Exemptions (6 May 2014)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In this regard, all digitised publications, including e-books are treated as the supply of a service liable at the standard rate of VAT, which in Ireland is 23%. While Ireland applies a zero VAT rate to printed books including atlases, children's picture, drawing...

Written Answers — Department of Finance: VAT Rate Application (6 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the zero rate of VAT applies to tea, which is understood to mean products in non-drinkable form which consist of the dried crushed leaves of the tea plant, but not products such as herbal and fruit based infusions, which are not derived from leaves of the tea plant.  Industry representatives raised this matter recently with my Department and...

Written Answers — Department of Finance: IBRC Bond Issues (6 May 2014)

Michael Noonan: I am aware of the problems facing local authorities and in particular in relation to unfinished housing estates as a result of developers not complying with the terms of their planning permissions. I am advised that development bonds previously entered into by IBRC in favour of the various County Councils or local authorities remain in place however it is likely that any...

Written Answers — Department of Finance: Insurance Compensation Fund (6 May 2014)

Michael Noonan: I propose to take Questions Nos. 174 and 175 together. The Insurance Compensation Fund (ICF) is funded through levy of 2% being applied to home, motor and commercial insurance.  The levy operates under the Insurance Act 1964 and came into effect from 1 January 2012, following the appointment of administrators to Quinn Insurance Ltd (QIL) by the High Court....

Written Answers — Department of Finance: Financial Services Regulation (7 May 2014)

Michael Noonan: I take very seriously the Judge's comments regarding the role of certain individuals at the Irish Financial Services Regulatory Authority in the so-called Maple 10 case. As I stated in response to Question No. 13 of 8 April 2014, the system of financial regulation has been radically overhauled since the financial crisis. Furthermore, the Governor of the Central...

Written Answers — Department of Finance: Property Taxation Collection (7 May 2014)

Michael Noonan: The legislation governing the administration of Local Property Tax (LPT) provides for a number of exemptions from LPT, one of which is relevant to those who purchased a residential property during 2013. This relates to the exemption under section 8 of the Finance (Local Property Tax) Act 2012 (as amended), which is the exemption to which the Deputy refers. It was originally intended that this...

Written Answers — Department of Finance: IBRC Loans (7 May 2014)

Michael Noonan: I propose to take Questions Nos. 33 and 34 together. I am advised by the Special Liquidators that they are not in a position to comment on individual cases and that the information requested is confidential and it would not be appropriate for the Special Liquidators to release such information.  I understand that a number of the loans concerned were transferred to NAMA by...

Written Answers — Department of Finance: Carbon Tax Implementation (7 May 2014)

Michael Noonan: Although Carbon Tax was introduced in Budget 2010 for fossil fuels, its application to solid fuels was delayed to allow for the development of a robust mechanism to counter the large scale sourcing of coal from Northern Ireland where lower sulphur standards apply. The Department of the Environment undertook to provide such a robust mechanism in conjunction with the National...

Written Answers — Department of Finance: Universal Social Charge Application (7 May 2014)

Michael Noonan: In the case of an individual who is aged 70 years or over and whose total income is €60,000 or less, universal social charge (USC) is charged at the rate of 2% on the first €10,036 and 4% on the balance of the income. USC is charged on the total income of each individual and the income of a couple is not aggregated for the purposes of USC and the thresholds at which it is...

Written Answers — Department of Finance: Tax Clearance Certificates (7 May 2014)

Michael Noonan: I am advised by the Revenue Commissioners that no demands have issued to the taxpayer since this matter was previously raised in October 2013. The tax record has been amended appropriately however, as outlined in the previous response, the balance will remain on record and the taxpayer should contact the Collector General's in the event of a material change in circumstances influencing his...