Results 3,061-3,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (28 Sep 2016)

Michael Noonan: Non-profit groups engaged in non-commercial activity are exempt from VAT under the EU VAT Directive.  This means that they do not register for VAT and cannot recover VAT incurred on goods and services that they purchase.  This non-entitlement to VAT deductibility is a general feature of VAT exemption. A Working Group was established last year comprising representatives from my...

Written Answers — Department of Finance: NAMA Portfolio (28 Sep 2016)

Michael Noonan: I am advised by NAMA that the Agency has had no involvement whatsoever in the matters raised by the Deputy as the referenced property did not, at any stage, secure NAMA's loans.

Written Answers — Department of Finance: Tax Code (28 Sep 2016)

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 married couple...

Written Answers — Department of Finance: EU Budget Contribution (28 Sep 2016)

Michael Noonan: Member State contributions to the EU Budget are based upon a formula which includes Traditional Own Resources (customs duties), a VAT-based payment and a residual balancing component paid in accordance with each Member State's share of EU Gross National Income (GNI). While the methodology has evolved over time in order to make it as responsive as possible to both the changes associated...

Written Answers — Department of Finance: Tax Data (28 Sep 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the pre-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at . In relation to the Deputy's question, this Ready Reckoner shows a wide range of detailed information, including the estimated cost to the Exchequer of changes in Deposit Interest Retention Tax (DIRT).

Written Answers — Department of Finance: Home Renovation Incentive Scheme Data (28 Sep 2016)

Michael Noonan: Data relating to the Home Renovation Incentive (HRI) is available from the statistics section of the Revenue website at . Specifically, the most recently available information on the cost of the scheme is in the Tax Expenditures section of the page at . It should be noted that the value of the tax credits referred to therein is not reflective of the cost to the exchequer as not all credits...

Written Answers — Department of Finance: Tax Code (28 Sep 2016)

Michael Noonan: As the Deputy is aware, the income tax system contains an exemption limit for individuals aged 65 or over. Where an individual's income exceeds the exemption limit, he or she is liable to tax based on the normal system of rate bands and tax credits, but he or she may still benefit from marginal relief. This is explained in further detail in leaflet IT8, available on...

Written Answers — Department of Finance: Tax Data (28 Sep 2016)

Michael Noonan: I am advised by Revenue that the pre-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at: .The estimates given on the Ready Reckoner for CAT changes are in respect of full year costs. The equivalent estimated first year costs being €15.3 million for Group A, €6.2 million for Group B and €1.2 million for Group C.

Written Answers — Department of Finance: Universal Social Charge Data (28 Sep 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the pre-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at .In relation to the Deputy's questions, this Ready Reckoner shows a wide range of detailed information, including the estimated cost to the Exchequer of changes to the Universal Social Charge (USC) bands and rates. While the Ready Reckoner does not show all...

Written Answers — Department of Finance: Pension Provisions (27 Sep 2016)

Michael Noonan: An individual in a defined contribution pension savings arrangement (whether an occupational pension scheme, an Additional Voluntary Contribution arrangement or a personal pension) has the option of putting the funds accumulated under the arrangement into an Approved Retirement Fund (ARF) on retirement subject to conditions. Where such an individual is under the age of 75 at the time of...

Written Answers — Department of Finance: State Aid Investigations (27 Sep 2016)

Michael Noonan: On 30 August 2016, the European Commission issued a negative decision in the Apple State Aid case. The Government disagrees profoundly with the Commission's analysis and will be appealing the decision. Ireland did not give favourable tax treatment to Apple. Ireland does not do deals with taxpayers.  No other companies are covered by the European Commission decision or the recovery...

Written Answers — Department of Finance: Corporation Tax Regime (27 Sep 2016)

Michael Noonan: I was surprised to learn that the Brazilian Federal Revenue Service included Ireland on Brazil's tax black list. Our Ambassador in Brazil is in contact with the Brazilian Revenue Service and is seeking our removal from the list as soon as possible. We strongly reject any allegations that we are a tax haven. We do not meet any of the international standards for being considered a tax haven...

Written Answers — Department of Finance: Motor Insurance Coverage (27 Sep 2016)

Michael Noonan: The Cost of Insurance Working Group, chaired by Minister of State Eoghan Murphy TD, is undertaking a review of the factors which are influencing the increased cost of motor insurance.  The Working Group brings together all the relevant Departments and Offices involved with the process.  Its objective is to identify immediate and longer term measures which can address increasing...

Written Answers — Department of Finance: State Aid Investigations (27 Sep 2016)

Michael Noonan: On 30 August 2016, the European Commission issued a negative decision in the Apple State Aid case.  The Government profoundly disagrees with the Commission's analysis and will now challenge the decision before the European Courts.  Member States have legal standing to intervene in all cases that go before the European courts and do so from time-to-time if it is considered that the...

Written Answers — Department of Finance: Tax Reliefs Application (27 Sep 2016)

Michael Noonan: 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 the Action Plan for Housing and Homelessness published on 19thJuly 2016, a new tax-based 'Help to Buy' incentive was announced. The Deputy has raised the situation of a person...

Written Answers — Department of Finance: Primary Medical Certificates Applications (27 Sep 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: Tax Credits (27 Sep 2016)

Michael Noonan: The Deputy may be aware that the State already provides support to apprentices directly through the National Training Fund (NTF), for which my colleague the Minister for Education and Skills holds responsibility. The NTF was established by the National Training Fund Act, 2000, as a dedicated fund to support the training of those in employment, and those seeking employment.  The...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: I am advised by Revenue that both gifts and inheritances of a dwelling-house can qualify for an exemption from the payment of Capital Acquisitions Tax (CAT), known as the "Dwelling House Exemption" where certain conditions are satisfied. Section 86 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provides for this exemption.   One of the qualifying conditions for the...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 148, 168, 169 and 172 together. I would highlight that a comprehensive review of the tax system as it applies to the farming sector was announced in Budget 2014, as a joint initiative between the Department of Finance and the Department of Agriculture, Food and the Marine. The review focused on three key policy objectives for agri-taxation policy,...

Written Answers — Department of Finance: Tax Collection (27 Sep 2016)

Michael Noonan: I am advised by Revenue that having regard to the provisions of Section 851A of the Taxes Consolidation Act 1997, whereby Revenue is obliged to treat taxpayer information confidentially, they are precluded from providing the information requested by the Deputy. I would note that the ESB website includes a link to the annual report for 2015 and previous annual reports which includes...