Results 18,541-18,560 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Company Data (5 Feb 2015)

Michael Noonan: Further to the announcement I made in Budget 2014, a change in company residence rules was made in Section 39 of the Finance (No. 2) Act 2013 to provide that where, by reason of a mismatch of residence rules with a treaty-partner country, an Irish-incorporated company would neither be resident in that country nor in the State and, accordingly, would not be resident in any country, the company...

Written Answers — Department of Finance: Additional Voluntary Contributions (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that up to 30 September 2014, 12,104 individuals have availed of the option provided under section 782A of the Taxes Consolidation Act 1997 (as inserted by the Finance Act 2013) to access, before retirement, up to 30% of their Additional Voluntary Contributions (AVCs) with the amount withdrawn being subject to income tax (the withdrawals are exempt...

Written Answers — Department of Finance: Banking Sector Regulation (5 Feb 2015)

Michael Noonan: As part of the European Commission's approval of both AIB's and BOI's restructuring plans it was agreed that the banks would provide a Customer Mobility package to certain qualifying competitors. During 2014 KBC issued promotional material to BOI customers. AIB is currently seeking expressions of interest from relevant competitors wishing to have its advertising material issued to a...

Written Answers — Department of Finance: Insurance Compensation Fund (5 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 131 and 140 together. The management and administration of the Insurance Compensation Fund is under the control of the President of the High Court acting through the Office of the Accountant of the Courts of Justice.  Every year the Office of Accountant produces the annual accounts of the ICF.  As Minister for Finance, I am...

Written Answers — Department of Finance: Household Charge Collection (5 Feb 2015)

Michael Noonan: I am advised by Revenue that with effect from 1 July 2013, Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) converted Household Charge (HHC) to Local Property Tax (LPT), increased all outstanding liabilities from €100 to €200 and made Revenue responsible for collection of those outstanding amounts. As part of the handover of responsibility, Revenue...

Written Answers — Department of Finance: Tax Yield (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the yield from Stamp Duty on credit and debit cards and on cheques, for the years in question, is as shown in following table.  Also shown is the yield from Stamp Duty on all cash cards for information. Year Credit Cards €m Debit Cards Only €m Cash Cards* €m Cheques €m 2012 51.64 0.03 16.54 30.97 2013...

Written Answers — Department of Finance: Tax Yield (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the additional Income Tax yield in respect of the restrictions introduced in the 2006 and 2007 Finance Acts, with effect from 1 January 2007, limiting the use of certain tax reliefs and exemptions by high income individuals is outlined in the table. These figures are based on returns received and analysis by Revenue. Year Additional Tax*...

Written Answers — Department of Finance: Tax Exemptions (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the relevant information in relation to the Employment and Investment Incentive (EII) for the years in question is as set out in the following table. Year Estimated Cost Number of  Investors Number of  Companies 2013 €12.3 million 1,006 (including 6 EII funds) 185 2014* €15.1 million 1,132  (including 4 EII...

Written Answers — Department of Finance: Tax Exemptions (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that they will shortly finalise a report, for presentation to me, in relation to the Special Assignee Relief Programme for 2012 and 2013, which I intend to publish in due course. The report, once completed, will contain the information requested by the Deputy and I will draw his attention to it when available.  I am also informed...

Written Answers — Department of Finance: Tax Exemptions (5 Feb 2015)

Michael Noonan: The full year estimated cost to the Exchequer of the Foreign Earnings Deduction (FED) for the 2013 tax year, the latest year for which complete statistics are available, was €0.8 million. 106 employees claimed the deduction for that tax year. Complete information in relation to 2014 tax year returns is not yet available, as the Form 11 tax returns for 2014 are not due to be...

Written Answers — Department of Finance: Carbon Tax Yield (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the yield from Carbon Tax on Solid Fuel was €7.3m in 2013 and €17.2m in 2014. The Solid Fuel Carbon Tax was introduced on a phased basis at a rate of €10 per tonne of CO2 emitted on 1 May 2013 increasing to €20 per tonne from 1 May 2014. The 2014 receipts are provisional at this time and may be subject to...

Written Answers — Department of Finance: Fuel Rebate Scheme (5 Feb 2015)

Michael Noonan: I introduced the diesel rebate scheme to provide for a repayment by the Revenue Commissioners 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 qualifying vehicles during the course of business. The Revenue Commissioners inform me that there are 2,057 qualifying road transport operators currently availing of...

Written Answers — Department of Finance: Property Tax Administration (5 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the refunds to which the Deputy refers arose as a consequence of the initial interpretation of Section 8 of the Finance (Local Property Tax) Act 2012 (as amended). As a consequence of the original interpretation of Section 8 of the Act some home owners were charged and paid LPT where they were entitled to benefit from the relief. Once the...

Written Answers — Department of Finance: Tax Code (5 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that, based on the information available the person concerned is in receipt of the correct tax credits. The personal tax credit due to an individual depends on whether that individual is single, married, in a registered civil partnership, widowed, a surviving civil partner, separated, divorced, or a former civil partner. There is no tax credit...

Written Answers — Department of Finance: Departmental Staff Data (5 Feb 2015)

Michael Noonan: My Department does not have any staff working out of Government Buildings, Abbeyleix, Portlaoise, County Laois. I am advised by the Revenue Commissioners that they currently have two staff based in Government Buildings, Abbeyleix Road, Portlaoise, County Laois. All other agencies under my remit have advised me that they have no staff at this location.

Topical Issue Debate: Home Renovation Incentive Scheme Eligibility (10 Feb 2015)

Michael Noonan: As the Deputy is aware, I introduced the home renovation incentive, HRI, in budget 2014. This scheme came into operation on 25 October 2013 and will run until 31 December 2015. The incentive provides tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. In the...

Topical Issue Debate: Home Renovation Incentive Scheme Eligibility (10 Feb 2015)

Michael Noonan: The home renovation scheme runs until the end of 2015. While I have no plans to renew it for a further year or two yet, we will review the position going into the budget, as we will do in all of these cases. In the course of this review I will take the Deputy's views into account.

Topical Issue Debate: Tax Code (10 Feb 2015)

Michael Noonan: I thank the Deputy for raising this matter this afternoon. I recognise the key role that Irish small and medium-sized enterprises, SMEs, play in creating employment in our economy. SMEs account for almost two thirds of employment in the enterprise economy, and it is for that reason that I have introduced and extended a wide range of tax measures to encourage productive investment in SMEs...

Topical Issue Debate: Tax Code (10 Feb 2015)

Michael Noonan: I think everybody knows that the SME sector was under pressure as a result of the disastrous policies pursued by the Fianna Fáil and Green Party Government where the economy crashed. If GDP goes down by 20%, is it any surprise that the number of SMEs in the economy will go down as well and that there are closures? Some of the CSO figures to which the Deputy referred are historic and...

Written Answers — Department of Finance: Tax Forms (10 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that in view of the passage of time since the employment concerned, Revenue is not in a position to readily confirm any of the relevant details. However, archive records will be examined and Revenue will be in direct contact with the person concerned with the outcome of that examination as soon as possible.