Results 1,741-1,760 of 27,019 for speaker:Michael Noonan

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: I answered that question before the Deputy came into the House.

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: I will reply to the questions quickly and then reply to the debate. I would like to meet Deputy Richard Boyd Barrett sometime for a cup of coffee-----

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: -----in order that he can explain to me the difference between real wealth and having €5 million in a pension fund. In his definition, that is not wealth. We are putting a levy on pension funds, but he asks why we do not tax wealth. What is his new analysis?

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: Perhaps out on the Gold Coast ordinary workers have €5 million in pension funds but not down my way.

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: Deputy Barry Cowen asked about the capital programmes. We have explained the allocations. Some of the allocations for retrofitting, roads and schools are coming from the Departments' capital allocations and being veered to get more work done and produce extra economic activity from the expenditure. We are not hiding anything. We have laid it out. The Deputy also referred to energy related...

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: It would not wash with the European Union and the IMF. Fianna Fáil left a lot of snares and traps behind after it. The least the Deputy could do is acknowledge this, rather than lecture us about what we might or might not do. There are various arguments about pensions fund. I will meet representatives of the industry and ask them what their problems are. I will ask them why before...

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: There comes a point when it has to be positive and state what it wants to do rather than what it is against.

Jobs Initiative 2011: Statements (Resumed) (12 May 2011)

Michael Noonan: Defining wealth as a fixed asset and saying €5 million in a pension fund is not wealth is a long way from reality. I thank everyone who contributed. It was a good and interesting debate. Members met it fairly. It was negative on the afternoon of the first day, but it improved as the week went by. Yesterday parts of the debate were constructive and good ideas came from all sides of the...

Written Answers — Pension Provisions: Pension Provisions (12 May 2011)

Michael Noonan: The position is that the universal social charge (USC) applies to all emoluments of an employment, including anything treated as a taxable benefit-in-kind. The USC also applies to a person's aggregate income before granting relief in respect of pension contributions, including contributions to a personal retirement savings account (PRSA), a personal pension plan, additional voluntary...

Written Answers — Commission on Credit Unions: Commission on Credit Unions (12 May 2011)

Michael Noonan: I propose to take Questions Nos. 43, 44 and 45 together. The Deputy will be aware that, under the EU/IMF Programme of Support for Ireland, we have certain commitments in relation to the credit union sector. One of these commitments is to have the Commission on Credit Unions established by end-May 2011. I intend to meet this target. The Terms of Reference for the Commission will be agreed...

Written Answers — Tax Code: Tax Code (12 May 2011)

Michael Noonan: I assume that the Deputy is referring to the cost of tax reliefs for the years specified in the question. The following tables provide a breakdown of the estimated cost of tax and PRSI reliefs relating to private pension contributions for 2006, 2007 and 2008, the latest year for which the most up-to-date data is available. Figures have been rounded where appropriate. I am advised by the...

Written Answers — Tax Refunds: Tax Refunds (12 May 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that the person concerned has received tax relief in respect of expenditure incurred during the years 2008 and 2009 on prescribed drugs. If additional qualifying expenditure has been incurred on qualifying medical expenses and qualifying dental expenses during the years 2007 to 2010 inclusive, relief can be claimed by submitting completed forms...

Written Answers — Disabled Drivers: Disabled Drivers (12 May 2011)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. The Deputy may wish to note...

Written Answers — Tax Code: Tax Code (12 May 2011)

Michael Noonan: I have been informed by the Revenue Commissioners that the taxpayer in question is not being taxed on an emergency tax basis. The Revenue Commissioners made contact with the employer and it was confirmed that the details per the Tax Credit Certificate, which issued to them on 13 December 2010 are being applied. If any further details are required the person should contact the revenue office...

Written Answers — Pension Provisions: Pension Provisions (17 May 2011)

Michael Noonan: The position is that the Universal Social Charge, which came into effect on 1 January 2011, is a tax payable on gross income, including notional pay, after any relief for certain trading losses and capital allowances, but before pension contributions. All individuals are liable to pay the Universal Social Charge if their gross income exceeds the threshold of €4,004 per annum (€77 per...

Written Answers — Motor Vehicle Registration: Motor Vehicle Registration (17 May 2011)

Michael Noonan: I am informed by the Revenue Commissioners that vehicle identification is a primary requirement in the process of vehicle registration in the State. In this regard, in order that a vehicle may be formally identified at the time of presentation for registration, documentary evidence (i.e. EC certificate of conformity, foreign registration certificate or certificate of permanent export from...

Written Answers — Motor Taxation: Motor Taxation (17 May 2011)

Michael Noonan: The Deputy may be aware that the rate of €50 for Category C vehicles (which includes vintage tractors and cars) had not been increased since its introduction in 1993 (when it was set at £40 and converted to €50 in 2002). Given that the rate hardly covered the administration costs of registering a vehicle, it was decided in the 2011 Budget to increase the rate for registering a Category...

Written Answers — Public Procurement Contracts: Public Procurement Contracts (17 May 2011)

Michael Noonan: The Government recognises that the small and medium enterprise (SME) sector is very important to the economy and that public procurement can be a source of business for SMEs. Whilst public bodies may use a prospective contractor's turnover to assess a company's financial capacity, there are no centrally imposed requirements for a minimum turnover. Such requirements would normally be...

Written Answers — Public Service Staff: Public Service Staff (17 May 2011)

Michael Noonan: The Government is committed to reducing Public Service numbers generally and is currently engaged in a Comprehensive Review of Expenditure with all Departments. Following a study of the outcome of this review, the Government will consider all options proposed by the review in order to ensure we meet the overall targets set out in the Programme for Government including taking into account...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: I am informed by the Revenue Commissioners that, based on information to hand, the taxpayer in question is entitled to the following tax credit for 2011: · Personal Tax Credit of €1,650 · PAYE Tax Credit of €1,650 · Rent Tax Credit of €320 It should be noted that tax law does not provide for a tax "family marriage allowance for children". The foregoing is...