Results 18,981-19,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Laundering (10 Mar 2015)

Michael Noonan: The information requested is being complied by the Revenue Commissioners and will be forwarded to the Deputy as soon as possible.

Written Answers — Department of Finance: VAT Rate Application (10 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply.  In the circumstances outlined, the service of renting a concentrator for oxygen is liable to VAT at the standard rate, currently 23%.  I am also advised by the Commissioners that the Value-Added Tax (Refund of...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (10 Mar 2015)

Michael Noonan: I have been informed by the Central Bank that, following the conclusion of its investigation, the Central Bank issued its Summary Report of its Payment Protection Review ("the PPI Review") in March 2014. The PPI Review included the sales by 11 credit institutions since July 2007. I have also been informed by the Central Bank that it is continuing to engage with smaller entities...

Written Answers — Department of Finance: Tax Collection (10 Mar 2015)

Michael Noonan: I am advised by Revenue that it has a strong focus on making sure every taxpayer and business complies with the responsibility to pay the right amount of tax, including interest and penalties where due, in full and on time. This is an appropriate and correct focus for Revenue and one that I fully endorse. Any delay in the collection of tax that is properly due adds to the level of...

Written Answers — Department of Finance: Property Tax Collection (10 Mar 2015)

Michael Noonan: I am advised by Revenue that the person to whom the Question refers paid his 2014 Local Property Tax (LPT) by Single Debit Authority (SDA) rather than by Direct Debit. For the Deputy's information, the SDA option facilitates a single deduction from a current account (like an electronic cheque) and does not carry over from year to year in the way that Annual Debit Authorities, Direct...

Written Answers — Department of Finance: Property Tax Yield (10 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT), including receipts in 2014, is available on the Commissioners' website at . Updates to these statistics will be published in due course. The Commissioners have confirmed that €491 million was collected in Local Property Tax in 2014.

Written Answers — Department of Finance: VAT Rebates (10 Mar 2015)

Michael Noonan: The Home Renovation Incentive (HRI) provides tax relief for homeowners by way of an income tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement works carried out on a main home by qualifying contractors. The tax credit is based on work subject to 13.5% VAT. The tax credit is available to individuals who pay income tax either under the PAYE system or under self...

Written Answers — Department of Finance: Financial Services Regulation (10 Mar 2015)

Michael Noonan: Finance Act 2014 introduced changes relating to the imputed distribution rate for certain approved retirement funds (ARFs) as well as provisions to allow owners of approved minimum retirement funds (AMRFs) to draw-down up to 4% of the assets of such funds on one occasion in each year instead of the facility to draw-down the accrued income and gains of such funds, as had applied prior to the...

Written Answers — Department of Finance: Departmental Strategies (10 Mar 2015)

Michael Noonan: My response to Parliamentary Question No. 157 of 15 November 2011 was accurate, at no point in 2011 (or since) were Irish pounds being printed. This is not to state that no contingency plans were developed or that no consideration was given to the steps which could become necessary had the crisis then ongoing escalated to the point that the Euro was no longer available as a functioning...

Written Answers — Department of Finance: European Financial Stability Facility (10 Mar 2015)

Michael Noonan: As regards whether the extension of 4 months to the second Greek bailout programme would require the approval of Dáil Éireann, I can confirm that no Dáil approval or further domestic legislative steps are necessary.  The loan agreement (Master Financial Assistance Facility Agreement) signed up to by Greece will have to be adjusted to take account of the extension. ...

Written Answers — Department of Finance: Tax Yield (10 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that it is not possible to furnish precise figures of the amount of VAT received  from the sale of residential properties, as the information provided on VAT returns does not require the yield from particular activities to be identified.

Written Answers — Department of Finance: Economic Data (10 Mar 2015)

Michael Noonan: I am advised by the Central Statistics Office (CSO) that there are currently 16 companies engaged in contract manufacturing.  This number changes because companies which are involved in contract manufacturing in one period may not be in the following period.  I do not have the names of the companies involved; the Statistics Act 1993 restricts the use of information supplied  to...

Written Answers — Department of Finance: Exports Data (10 Mar 2015)

Michael Noonan: I am advised by the CSO that total exports of goods and services from Ireland amounted to €184,564 m in 2013.  The top 5 exporting firms accounted for €48,400 million, or 26.2 per cent, of the total exported in the year in question.

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: Where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual.  Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other.  Cohabitants do not have the same legal rights and obligations as a...

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: For the purposes of tax credits and other elements of tax law, Revenue recognises marriages contracted in and registered in the State.  Revenue also recognises marriages contracted in and registered with the civil authorities under the laws of another country.  Certificates of marriage may be required as proof of marriage.  Religious ceremony marriages which are not registered...

Written Answers — Department of Finance: Offshore Exploration (10 Mar 2015)

Michael Noonan: I would like to thank the Deputy for this question but would advise that this is a matter for the Department of Communications, Energy and Natural Resources.

Written Answers — Department of Finance: Tax Yield (10 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that due to their obligation to observe confidentiality for taxpayers' information, and the small group of taxpayers involved in this case, precludes them from providing the information requested. I am also advised by the Commissioners that they do not forecast tax receipts for particular companies or particular activities into the future.

Written Answers — Department of Finance: Tax Code (10 Mar 2015)

Michael Noonan: The position is that all those paying income tax and or USC have benefitted from the income tax changes introduced in Budget 2015 where incomes are the same as they were in 2014. Based on the details supplied by you, it would appear that the couple concerned have benefitted by approximately €13 per week from the Budget tax measures. The Deputy will be aware that a cap of...

Written Answers — Department of Finance: Mortgage Arrears Proposals (10 Mar 2015)

Michael Noonan: I have been informed that the bank has a comprehensive range of sustainable solutions available for customers in mortgage difficulties. Customers in arrears will be reviewed for eligibility based on affordability, their willingness to prioritise their mortgage payments and engage with the bank.  The bank offers a Mortgage to Rent solution to the customer if they are deemed...

Written Answers — Department of Finance: EU-IMF Programme of Support (10 Mar 2015)

Michael Noonan: As part of the EU/IMF Programme of Financial Support, there were a number of conditions/actions which Ireland committed to, one of which was to develop a framework to govern the exercise of the State's ownership rights in the banks resulting from the capital injections, including to put in place relationship frameworks with the banks to establish the commercial basis...