Results 23,081-23,100 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Websites: Departmental Websites (30 Nov 2011)

Michael Noonan: The reply for my Department is included in the response from the Minister for Public Expenditure and Reform under Question No. 84.

Written Answers — Tax Code: Tax Code (30 Nov 2011)

Michael Noonan: As the Deputy may be aware this matter is the subject of a Pre-budget submission and as such will be considered in the context of the forthcoming Budget.

Written Answers — Departmental Schemes: Departmental Schemes (29 Nov 2011)

Michael Noonan: State aid approval for the Employment and Investment Incentive (EII) was received from the European Commission late last week. I announced the commencement of the incentive, via press release, with effect from 25 November 2011. In view of the extended time frame that has been involved in achieving the approval of the European Commission, I have decided to allow for the EII and the existing...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: As the Deputy will appreciate, I receive numerous requests for the introduction of new tax reliefs and extensions to existing ones. The Deputy will also appreciate that I must be mindful of the public finances and the many demands on the Exchequer. Tax reliefs, no matter how worthwhile in themselves, reduce the tax base and make general reform of the tax system that much more difficult. I...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: I propose to take Questions Nos. 94 and 130 together. A multinational company that is resident in Ireland is subject to tax on all profits of the company wherever arising. To the extent that those profits arise from trading activities, they are taxed at 12.5%. The profits of a company for tax purposes are the profits computed in accordance with standard accounting practice as adjusted by...

Written Answers — Strategic Development Fund: Strategic Development Fund (29 Nov 2011)

Michael Noonan: I propose to take Questions Nos. 95 and 99 together. Following a decision by the Government, I, along with my colleagues Mr Brendan Howlin, TD, Minister for Public Expenditure and Reform, and Mr Fergus O'Dowd, TD, Minister of State for NewERA, announced on Thursday, 29 September, the establishment of NewERA and the Strategic Investment Fund under the National Treasury Management Agency...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: The European Commission published last month its proposal for a Financial Transactions Tax, or FTT, and its assessment of the impact of the measure. We are analysing the proposals contained in the draft Directive. The measure will now be subject to detailed discussions at EU level and, as always, we will participate constructively in those discussions. There is no consensus as yet among...

Written Answers — Pension Provisions: Pension Provisions (29 Nov 2011)

Michael Noonan: The stamp duty levy of 0.6% applies to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The pension arrangements affected include funded retirement benefit schemes (i.e. occupational pension schemes), retirement annuity contracts and personal retirement savings accounts (PRSAs – other than what are...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: As I stated in my previous reply to the Deputy in Parliamentary Question Number 54 on 17 November 2011, the Universal Social Charge (USC) is designed to apply on a wide base with no special exemptions. As such, the USC applies to income from dividends and rental income.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (29 Nov 2011)

Michael Noonan: The Deputy will be aware that directors at the covered institutions, including public interest directors who were nominated by my predecessor, are appointed and remunerated by the respective boards. Accordingly, disclosure of details of their remuneration is covered by various rules and procedures. The information sought by the Deputy, to the extent that it has been released publicly by the...

Written Answers — Alcohol Pricing: Alcohol Pricing (29 Nov 2011)

Michael Noonan: Minimum pricing is a mechanism of imposing a statutory floor in price levels for alcohol products that must be legally observed by retailers. Its primary function would be to discourage at-risk levels of alcohol consumption. A National Substance Misuse Strategy was established in 2009. It is examining the development of policy to deal with a wide range of key issues relating to the supply,...

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Nov 2011)

Michael Noonan: The Chairman of NAMA is not paid a salary but he is paid a fee. The fee payable to him as Chairman is €150,000 in 2011.

Written Answers — Tax Reliefs: Tax Reliefs (29 Nov 2011)

Michael Noonan: It is a long-standing practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: Any changes to the VAT code will be determined in the context of the upcoming Budget. You will appreciate that it is not normal practice to comment on Budget matters in advance.

Written Answers — Alcohol Pricing: Alcohol Pricing (29 Nov 2011)

Michael Noonan: I wish to inform the Deputy that introducing legislation to tackle below cost selling of alcohol is not a matter for the Department of Finance. I understand it to be the responsibility of my colleague, the Minister for Jobs, Enterprise and Innovation.

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: As the Deputy may be aware a publican who provides a bus exclusively for the purpose of taking patrons to and from the public house will be entitled to claim a deduction for the VAT on the cost of acquisition of the bus, but only if the bus has more than 16 seats. Section 60 of the Value-Added Tax Consolidation Act 2010 prohibits a deduction of tax to the extent that it relates to...

Written Answers — Tax Collection: Tax Collection (29 Nov 2011)

Michael Noonan: I have been informed by the Revenue Commissioners that the person in question is largely tax compliant. Tax Returns have been submitted up to and including 2010 and are therefore up to date. The person holds a valid Tax Clearance Certificate. The only matter outstanding is income tax due for 2009 and 2010 which is a very small amount. The Tax District has attempted to contact the person...

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: It is a long-standing practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Tax Code: Tax Code (29 Nov 2011)

Michael Noonan: VAT is a tax on the value added to a supply and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer. Under EU and domestic VAT rules traders who are registered for VAT collect VAT on the goods and services that they sell. In turn such traders are entitled to recover the VAT they incur on their business inputs used in the...

Written Answers — Tax Collection: Tax Collection (29 Nov 2011)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that there are two tranches of debt with the sheriff for collection in the particular case. One is comprised of income tax, including interest, based on returns and VAT, including interest, based primarily on estimates in the absence of returns being filed. VAT returns were subsequently filed with Revenue reducing the...