Results 2,921-2,940 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Primary Medical Certificates Applications (5 Oct 2016)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: VAT Rate Reductions (5 Oct 2016)

Michael Noonan: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. The VAT Directive provides that Member States may apply either one or two reduced rates to certain goods and services listed in Annex III of the Directive. In addition, the Directive allows for historic VAT treatment to be maintained under certain conditions on certain...

Written Answers — Department of Finance: Public Sector Staff Retirements (5 Oct 2016)

Michael Noonan: I wish to advise the Deputy that the table sets out the number of persons in my Department in receipt of lump sums on retirement, in increments of €5,000. Also included is the corresponding amount of the lump sums, for each of the years 2013-2015. Band 2013 2014 2015 0- 5,000 0 0 0 5,000-10,000 0 0 0 10,000 - 15,000 0 0 1 15,000-20,000 0 0 0 20,000-25,000 0 0 1...

Written Answers — Department of Finance: Living City Initiative (5 Oct 2016)

Michael Noonan: As the Deputy will be aware, the Living City Initiative was enacted in the Finance Act 2013 and commenced on 5th May 2015. The Initiative was extended beyond the original planned pilot cities of Limerick and Waterford, to include the cities of Dublin, Cork, Galway and Kilkenny. In line with my Department's commitment to evidence based policy-making, the inclusion of these additional four...

Written Answers — Department of Finance: Universal Social Charge Exemptions (5 Oct 2016)

Michael Noonan: I am informed by the Revenue Commissioners that the first and full year cost to the Exchequer of making the first €13,000 of income exempt from the charge to Universal Social Charge (USC) for all income earners is €265 million and €309 million respectively. These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2014,...

Written Answers — Department of Finance: Tourism Promotion (5 Oct 2016)

Michael Noonan: The 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. The tourism sector is a key sector in the Irish Economy and the introduction of the 9% VAT rate was aimed at reducing costs during a very challenging time for the sector. The...

Written Answers — Department of Finance: Tax Data (5 Oct 2016)

Michael Noonan: The term 'chargeable person' is defined in section 959A of the Taxes Consolidation Act 1997 and, in broad terms, it refers to a person who is within the charge to tax on a self-assessment basis.  For the purposes of income tax, a chargeable person is a person who is chargeable to tax on income, with the exception of individuals in receipt of PAYE income only and individuals who are PAYE...

Written Answers — Department of Finance: Carbon Tax Yield (5 Oct 2016)

Michael Noonan: I am informed by Revenue that the total yield from Carbon Tax and the associated estimated VAT in respect of Carbon Tax for the years 2014, 2015 and for the period January to September 2016 is as follows: Year Carbon Tax VAT (Estimated) Total - €m €m €m 2014 385.4 35.0 420.4 2015 419.0 37.0 456.0 2016 (Jan to Sep) 324.8 28.0 352.8 Please note that the receipts for...

Written Answers — Department of Finance: National Treasury Management Agency Staff (5 Oct 2016)

Michael Noonan: NAMA staff are employees of the NTMA as Section 42 of the National Asset Management Agency Act, 2009 provides that the NTMA shall assign staff to NAMA. I am advised by NAMA that, other than a small number of staff re-assigned from other functions within the NTMA, NAMA staff are employed on the basis of specified purpose contracts i.e. their employment lasts for as long as NAMA requires...

Written Answers — Department of Finance: Budget 2017 (5 Oct 2016)

Michael Noonan: It is a longstanding 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 — Department of Finance: Motor Insurance (5 Oct 2016)

Michael Noonan: I am aware of the increasing cost of motor insurance and am very concerned about it. However, the ability of the Government to influence pricing is limited as insurance companies are required under European law to price in accordance with risk and neither I, as Minister for Finance, nor the Central Bank of Ireland, have the power to direct insurance companies on the pricing of...

Written Answers — Department of Finance: Betting Legislation (5 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 108 to 110, inclusive, together. The table provided to me by Revenue sets out the number of licences issued from the commencement of the Betting (Amendment) Act 2015 to 30 September 2016. Licence Category Numbers Issued Bookmaker's Licence 316 Remote Bookmaker's Licence 50 Remote Betting Intermediary's Licence 11 Lists of current licence holders are...

Seanad: European Commission Decision on State Aid to Apple: Statements (4 Oct 2016)

Michael Noonan: I am grateful for the invitation to attend this evening to speak here in the Upper House on such an important issue. At the end of August 2016, the European Commission announced it had reached a negative decision in the Apple state aid investigation. It is important to clarify that no other companies are subject to this decision by the European Commission and there are no other impending...

Seanad: European Commission Decision on State Aid to Apple: Statements (4 Oct 2016)

Michael Noonan: It is very interesting to hear this debate and I thank the Senators for having it this evening. The appeal is being prepared by the Office of the Attorney General. She has got two months and ten days to prepare it and then it will be lodged. The procedure in Europe is that there is the European ordinary court, if I might call it that, which will hear the appeal in the first instance, and...

Seanad: European Commission Decision on State Aid to Apple: Statements (4 Oct 2016)

Michael Noonan: -----as long as it is within parameters.

Seanad: European Commission Decision on State Aid to Apple: Statements (4 Oct 2016)

Michael Noonan: I thank the Members.

Written Answers — Department of Finance: Mortgage Schemes (4 Oct 2016)

Michael Noonan: I propose to take Questions Nos. 127 and 129 together. The Government is conscious that there is a supply shortage of housing and of the challenges faced by first-time buyers in meeting the macro prudential rules for home loans. As a complement to the structural actions in 'Rebuilding Ireland - Action Plan on Housing and Homelessness' published on 19 July 2016, a new tax-based 'Help to...

Written Answers — Department of Finance: Insurance Industry Regulation (4 Oct 2016)

Michael Noonan: Enterprise Insurance Company plc (Enterprise) is a Gibraltar incorporated company and, therefore, the Enterprise liquidation is being carried out under the laws of Gibraltar.  The situation around the Enterprise liquidation is an evolving one and so I propose to set out the position as it currently stands. You will appreciate that the liquidation of an insurance...

Written Answers — Department of Finance: EU Meetings (4 Oct 2016)

Michael Noonan: I attended the informal Economic and Financial Affairs Council (ECOFIN) meeting on 9 and 10 September in Bratislava, Slovakia. At this meeting, a discussion took place on the future of economic policies in the EU. This was a high level discussion with presentations from a number of guest speakers such as Mr Mario Monti and Mr Andres Borg. At this meeting I outlined that Ireland's...

Written Answers — Department of Finance: Charitable and Voluntary Organisations (4 Oct 2016)

Michael Noonan: I assume the Deputy is asking about organisations with a charitable status and who have the charitable exemption available under tax legislation. The tax system provides a number of exemptions and reliefs for organisations involved in charitable or community related activities. For example, Sections 76, 78, 207 and 208 of the Taxes Consolidation Act 1997 (TCA) provide an exemption...