Results 3,261-3,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: State Claims Agency (16 Sep 2016)

Michael Noonan: The State Claims Agency (SCA) advises me that when settling medical negligence or other personal injury claims taken against the State, they do not, in a manner similar to other indemnifiers and insurers, take into account that the payment of compensation, in such cases, may be considered "means" by the Department of Social Protection, in circumstances where the claimant/plaintiff...

Written Answers — Department of Finance: Fuel Laundering (16 Sep 2016)

Michael Noonan: I am advised by the Revenue Commissioners that they work closely with law enforcement partners both at home and abroad to disrupt and deter diesel laundering activities. Revenue co-operates extensively with, inter alia, An Garda Síochána and HM Revenue and Customs in Northern Ireland through cross-Border enforcement groups to target those that are involved in such...

Written Answers — Department of Finance: Tax Code (16 Sep 2016)

Michael Noonan: The Programme for a Partnership Government commits to the introduction of a tax on sugar-sweetened drinks (SSDs).  The tax will contribute towards important public health goals, as well providing a new source of revenue for public spending. The Department of Health has also supported the introduction of a tax on SSDs in order to reduce added-sugar in diets, particularly...

Written Answers — Department of Finance: Tax Collection (16 Sep 2016)

Michael Noonan: I am advised by Revenue that debt collection/enforcement action, including referral to the Sheriff, is only used as a last option where there is no meaningful engagement by the taxpayer or business. Revenue's clear preference is always to engage positively with taxpayers or businesses experiencing temporary cashflow difficulties and where required to agree mutually acceptable payment...

Written Answers — Department of Finance: Fiscal Policy (16 Sep 2016)

Michael Noonan: The Summer Economic Statement recognised that the implementation of the budgetary measures to return the public finances to a sustainable level requires the efforts of all public service bodies to seek savings and pursue efficiencies. It is consistent with the principle of the application of the expenditure benchmark on a fair and transparent basis across the whole of...

Written Answers — Department of Finance: Departmental Legal Costs (16 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 296 and 303 together. The State's intervention in case C-21/15P Commission v Banco Santander and Santusa was lodged in January 2016, following the Government Decision to approve the intervention on 30 April 2015. The appeal in this case follows on from annulment proceedings brought by Banco Santander SA against a European Commission decision that a...

Written Answers — Department of Finance: Tax Code (16 Sep 2016)

Michael Noonan: Section 110 of the Taxes Consolidation Act 1997 has been amended a total of 5 times since implemented in its current form in 2003. The Finance Act 2005 introduced the option for section 110 companies to make an irrevocable election to continue being taxed on the basis of 2004 Irish GAAP. In 2008 the assets which a section 110 company could hold/manage were extended to...

Written Answers — Department of Finance: Tax Code (16 Sep 2016)

Michael Noonan: The matter of whether it is acceptable for a company to use charities to facilitate hedge funds cutting their tax bills is a question best referred to the Charities Regulator. It is my understanding that this issue is currently subject to an in depth review.

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (16 Sep 2016)

Michael Noonan: It is in the public domain that the opinions granted to Apple related to the attribution of profits to the Irish branches of non-resident companies. As part of the Apple State Aid investigation, the European Commission was given over 300 non-binding opinions that were issued by Ireland.  These covered a number of circumstances, sectors and periods of time. On average, the Revenue...

Written Answers — Department of Finance: Tax Credits (16 Sep 2016)

Michael Noonan: The R&D tax credit must be used initially to reduce the corporation tax liability of the company for the accounting period in which the expenditure on research and development or relevant expenditure is incurred. Any unused amount may be carried forward and used to reduce the corporation tax of following accounting periods. However where an excess remains, instead of carrying forward...

Written Answers — Department of Finance: Property Tax Deferrals (16 Sep 2016)

Michael Noonan: The 2012 report of the interdepartmental group (chaired by Dr Don Thornhill) on the design of a property tax (LPT) considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure it was decided to instead introduce a deferral...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (16 Sep 2016)

Michael Noonan: I am advised by the Revenue Commissioners that auditors of a Company have specific reporting duties to the Company in respect of offences of which they become aware under Section 1079 of the Taxes Consolidation Act 1997 (as amended), and failure to comply with that section is an offence. There are also offences contained in Section 1078 of the Taxes Consolidation Act 1997 (as...

Written Answers — Department of Finance: Budget Submissions (16 Sep 2016)

Michael Noonan: My Department has so far received in the order of 200 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in the context of Budget and Finance Bill preparation. I can confirm that a submission from Dundalk Chamber has been received. However, as the Deputy will be aware, it is not the practice of the Minister for Finance...

Written Answers — Department of Finance: Fiscal Policy (16 Sep 2016)

Michael Noonan: Estimates of fiscal space for 2017 under the expenditure benchmark are determined by the potential growth rate of the economy, as estimated by the European Commission each Spring, and the estimated outturn for 2016 general government expenditure. In line with the Eurostat decision in July 2015, Irish Water's expenditure was included in 2015 and 2016 general government...

Written Answers — Department of Finance: Departmental Communications (16 Sep 2016)

Michael Noonan: I wish to advise the Deputy that since the introduction of Eircode, efforts made by my Department in implementing it include incorporating Eircodes into all departmental/office addresses on our websites, on new stationery and in email signatures. In addition, the relevant Eircodes are included in public consultation exercises, publications, presentations and other corporate...

Written Answers — Department of Finance: Property Tax Application (16 Sep 2016)

Michael Noonan: The qualifying criteria in respect of the exemption from Local Property Tax (LPT) on foot of significant pyritic damage were modified by the Finance (Local Property Tax) (Amendment) Act 2015. The modifications were introduced by me on foot of recommendations made by Dr Don Thornhill following a review of the LPT in 2015. The revised criteria include properties where: 1. a certificate...

Written Answers — Department of Finance: EU Investigations (16 Sep 2016)

Michael Noonan: On 30 August, the European Commission announced that it had issued a negative decision in the Apple State aid case.  The Commissioner held a press conference and published a press release setting out the basis of the decision. At the same time, the Commission privately wrote to Ireland setting out its full opinion in a detailed and technical legal document. ...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 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 Data (16 Sep 2016)

Michael Noonan: I am advised by the Revenue Commissioners that the number of persons who availed of the Capital Acquisitions Tax Group threshold B and C in each of the years from 2010 to 2014 and the total number of persons whose claims exceeded each threshold are as shown in the following tables, broken down into Revenue administrative regions as requested by the Deputy. The total value claimed through this...

Written Answers — Department of Finance: Motor Insurance Regulation (16 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...