Results 17,081-17,100 of 27,019 for speaker:Michael Noonan

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: Do we take the road frequently trodden by Governments in the past, a road the signposts on which are tax and spend and where one's journey is through boom to bust, or do we, like Frost, take the road "less travelled by"?

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: It is a road on which the milestones are prudence and caution. It is a road that delivers stable economic growth, encourages investment, rewards work, creates job opportunities and delivers high quality public services. It is a road on which citizens have certainty about their incomes and can plan for the future without fear of another bust; it is a new road to a new Ireland. I know the...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: There is no uncertainty.

Written Answers — Department of Finance: Chemical Markers (14 Oct 2014)

Michael Noonan: I am advised by the Revenue Commissioners, who are responsible for the collection of mineral oil tax, that a chemical marker prescribed under the EU law must be added to diesel and kerosene taxed at a lower rate of mineral oil tax. Not more than 4.5 kilograms of the chemical marker are added to every half million litres of gas oil or kerosene. Prior to the selection of the chemical marker,...

Written Answers — Department of Finance: Tax Reliefs Application (14 Oct 2014)

Michael Noonan: As the Deputy will appreciate, in general,  any new tax relief should only be considered if there is a clear evidence of market failure and if there are compelling reasons why an intervention through the tax system would be more effective than a direct exchequer grant or subsidy. Any new proposal for a potentially significant tax expenditure should be subject to an ex-ante cost...

Written Answers — Department of Finance: Tax Code (14 Oct 2014)

Michael Noonan: It is not the function of the Tax Code or the Oireachtas to determine the employment relationship between parties. If the true relationship between parties is that of an employer/employee then the employer is required, under the Tax Code, to operate PAYE on payments made to the employee. If, however, the true relationship is not that of an employer/employee then, where the relationship...

Written Answers — Department of Finance: Banking Sector (14 Oct 2014)

Michael Noonan: The Deputy might be aware that I have responded to a number of recent Parliamentary Questions on  this same topic and, for the benefit of the Deputy I repeat my answer as follows: I have no direct function in the relationship between banks and their customers.  Neither do I have a statutory function in relation to banking decisions made by individual lending...

Written Answers — Department of Finance: Tax Code (14 Oct 2014)

Michael Noonan: The ability of some multinationals to lower the amount of corporation tax they pay world-wide using international structures is an issue that has attracted a lot of public and media attention over the past 24 months. The G20 have acknowledged that this is a global challenge that requires global action, and this is happening through the OECD Base Erosion and Profit Shifting ('BEPS')...

Written Answers — Department of Finance: Property Taxation Data (14 Oct 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally and the most up to date figures for LPT collected in 2013 and 2014 were published on 10 October 2014 on the Commissioners' website at: .  I am also advised that the Commissioners do not break the LPT statistics down to...

Written Answers — Department of Finance: Tax Code (14 Oct 2014)

Michael Noonan: This question relates to the interest restriction applying to residential lettings, whereby the deductibility of interest in computing taxable rental income from residential property (insofar as it would otherwise be allowable) is limited to 75% of such interest. Rental income for tax purposes from such property is the gross rental income less allowable expenses incurred in earning that...

Written Answers — Department of Finance: Vehicle Registration (14 Oct 2014)

Michael Noonan: I am informed by the Revenue Commissions that a minibus with a minimum of 10 seats is liable to Vehicle Registration Tax (VRT) at a flat rate of €200 at registration. There is no specific provision in the legislation for a relief from VRT for an organisation with charitable status.  However, in respect of disabled passengers, Statutory Instrument No. 353 of 1994 provides for...

Written Answers — Department of Finance: VAT Exemptions (14 Oct 2014)

Michael Noonan: The EU VAT Directive generally provides that supplies of goods and services are chargeable to VAT at the standard rate but that lower rates are permitted in very limited circumstances.  Food products can only benefit from the zero rating in accordance with Article 110 of the VAT Directive which permits the retention of the zero rate where the products were liable to VAT at the zero rate...

Written Answers — Department of Finance: Motor Fuels Issues (14 Oct 2014)

Michael Noonan: I propose to take Questions Nos. 49 and 50 together. I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that they are aware of the risks posed to consumers' vehicles, legitimate businesses and the exchequer by all forms of such fraud. Revenue had made great progress in tackling the problem of diesel laundering over the last three years, and reports now...

Written Answers — Department of Finance: Banking Sector (14 Oct 2014)

Michael Noonan: I propose to take Questions Nos. 51 to 54, inclusive, together. As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks or their management decisions regarding commercial matters. In the case of AIB, the bank has previously indicated that as part of its restructuring plan to reduce costs and increase...

Written Answers — Department of Finance: Pensions Levy (14 Oct 2014)

Michael Noonan: The position in this matter is that I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 would be abolished after this year. I did, however, introduce an additional levy on pension fund assets at a rate of 0.15% for 2014 and 2015. I did this to continue to help fund the Jobs Initiative and also to help make provision for potential...

Written Answers — Department of Finance: Fuel Laundering (14 Oct 2014)

Michael Noonan: I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that they are very aware of the risks posed to consumers' vehicles, legitimate businesses and the exchequer by all forms of such fraud. Revenue has made great progress in tackling the problem of diesel laundering over the past three years, and reports now indicate the emergence of another form of fuel...

Written Answers — Department of Finance: Tax Reliefs Application (14 Oct 2014)

Michael Noonan: I have considered the proposed introduction of a tax relief for Graduate Entry Medicine loans and I do not consider that the tax system is the appropriate way to address the affordability of the GEM programme. The affordability and funding of undergraduate medical education is in the first instance a matter for the Department of Education and Skills, having due regard to the needs and...

Written Answers — Department of Finance: Banking Sector Remuneration (14 Oct 2014)

Michael Noonan: As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration is capped at €500,000 (excluding normal pension entitlements) and the payment of bonuses is not permitted. As a result, there have been no bonuses paid to banking staff in the nationalised banks this year.

Written Answers — Department of Finance: Financial Services Ombudsman Data (14 Oct 2014)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the carrying out of his duties.  I have no role in the day to day workings of the office. However, the Financial Services Ombudsman has informed me that the information requested by the Deputy is as follows: Total Number of New  Complaints Received 2013 Number of Complaints Resolved/Findings issued...

Written Answers — Department of Finance: Tax Compliance (14 Oct 2014)

Michael Noonan: I am advised by Revenue that it monitors the tax compliance status of both resident and non-resident contractors through a number of different programmes including the administration of tax clearance and the operation of electronic Relevant Contracts Tax (eRCT). Revenue administers the general scheme of tax clearance certification in accordance with Section 1095 of the Taxes Consolidation...