Results 3,401-3,420 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (21 Jul 2016)

Michael Noonan: I am advised by Revenue that section 135(1)(aa) of the Finance Act 1992 (as amended) provides that a vehicle which is provided to an employee who is resident in the State as part of that employee's contract of employment by an employer who is established in another Member State and that vehicle is owned or leased by the said employer and that vehicle is used principally for business use in...

Written Answers — Department of Finance: Property Tax Administration (21 Jul 2016)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) provides that any property that is in use as, or that is suitable for use as, a dwelling house is subject to Local Property Tax (LPT). The Act requires property owners to file an LPT Return in respect of the relevant 'Valuation Period', which is currently 1 May 2013 to 31 October 2019. The LPT Return should confirm the applicable...

Written Answers — Department of Finance: Tax Relief Data (21 Jul 2016)

Michael Noonan: I am advised by Revenue that the Tax Expenditures table available on the Revenue Statistics webpage ()shows the number of claims and the estimated cost to the Exchequer of relief in respect of qualifying third level education fees. Information is not gathered on the number of claims that are received. Section 473A of the Taxes Consolidation Act 1997 provides for tax relief at the standard...

Written Answers — Department of Finance: Tax Relief Costs (21 Jul 2016)

Michael Noonan: The proposed scheme for investments in certain start-up businesses less than two years old is similar to the Employment and Investment Incentive (EII), which is available to all small and medium companies less than seven years old, and certain older companies. The EII provides an income tax relief of 30% up front, and a further 10% after three years, if conditions relating to...

Written Answers — Department of Finance: Tax Credits (21 Jul 2016)

Michael Noonan: I am advised by Revenue that they are reviewing the operation of the R&D tax credit with a view to minimising the administrative burden on SMEs in particular while ensuring that the credit is granted to bona fide research and development.  I understand that discussions have been held with industry members as well as the IDA and Enterprise Ireland in this respect. The Department...

Written Answers — Department of Finance: Tax Data (21 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 154, 167 and 172 together. In relation to the first question, I am advised by Revenue that information on the amount of tax relief granted under the Agricultural Relief and Business Relief in respect of 2014 and 2015 are shown in the following tables. Information for 2016 is not currently available. Agricultural Relief Year Cost €m Numbers 2014...

Written Answers — Department of Finance: Living Wage (21 Jul 2016)

Michael Noonan: I wish to advise the Deputy that based on the gross hours per week of 43.25 hours, the cost of implementing a living wage of €11.50 for all employees directly employed by my Department would be €67,435 per annum. In relation to employees employed in Agencies funded by my Department, there would be no additional cost if a minimum threshold of €11.50 was...

Written Answers — Department of Finance: Departmental Contracts (21 Jul 2016)

Michael Noonan: In response to the Deputy's query, it is important that Ireland's statutory National Minimum Wage and the Living Wage concept are not merged together . The Living Wage is a voluntary societal initiative centred on the social, business and economic case to ensure that, wherever it can be afforded, employers will pay a rate of pay that provides an income that is sufficient to meet an...

Written Answers — Department of Finance: Pension Levy (21 Jul 2016)

Michael Noonan: I announced in my Budget 2014 speech that the original 0.6% stamp duty levy on private pension funds introduced in 2011 to fund the Jobs Initiative would be abolished after 2014 and that levy no longer applies. I did, however introduce an additional levy on pension funds at 0.15% for 2014 and 2015. I did this to, among other things, continue to help fund the Jobs Initiative. I confirmed in...

Written Answers — Department of Finance: House Purchase Schemes (21 Jul 2016)

Michael Noonan: The Deputy will be aware that a new "Help to Buy" scheme was announced in the Action Plan for Housing and Homelessness that was published yesterday. The scheme is being developed with the aim of helping to ensure the availability of adequate, affordable mortgage finance for first time buyers. The introduction of a "Help to Buy" scheme follows the recognition in the Programme for a...

Written Answers — Department of Finance: Universal Social Charge Data (21 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 159 to 162, inclusive, 165, 166, 170, and 173 to 178, inclusive, together. The Revenue Commissioners 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...

Written Answers — Department of Finance: Universal Social Charge Exemptions (21 Jul 2016)

Michael Noonan: I propose to take Questions Nos. 163 and 164 together. Regarding the question on increasing the Universal Social Charge (USC) threshold, I am advised by Revenue that the first and full year cost to the Exchequer of increasing the exemption rate as set out by the Deputy, and the increase in the number of income earners exempt from the USC is set out in the following table: Threshold...

Written Answers — Department of Finance: EU Budget Contribution (21 Jul 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). Ireland's receipts from and contributions to the EU Budget for the years 2010 to 2015 are set out in the table below. YEAR...

Written Answers — Department of Finance: Tax Code (21 Jul 2016)

Michael Noonan: The Programme for a Partnership Government states that increased public spending and reductions in personal taxes will be funded through, among other things, a new tax on sugar sweetened drinks. The revenue raised by such a tax will depend on, among other things, the rate at which it is set, and the types of drinks included within its scope. These issues are...

Written Answers — Department of Finance: Freedom of Information Requests (21 Jul 2016)

Michael Noonan: In response to the Deputy, as of Friday 15th July 2016, a total of 218 FOI requests have been received by the Department of Finance. The Freedom of Information Act sets out a number of standard exemptions which relate to personal information, information covered by legal privilege, records relating to parliamentary matters, information relating to law enforcement and public safety,...

Written Answers — Department of Finance: Ministerial Expenditure (21 Jul 2016)

Michael Noonan: The information the Deputy has requested in respect of the Minister and Ministers of State at my Department for the relevant periods is set out in the following tables: Minister Michael Noonan Period Miles Claimed Value of Payment Other Travel Expenses Total 01 January 2016 to 10 March 2016 (January to February) 9,410 €4,648.46 €0.00 €4,648.46 11 March 2016 to...

Written Answers — Department of Finance: Ministerial Advisers Data (21 Jul 2016)

Michael Noonan: I wish to advise the Deputy that I have 2 Special Advisors, one who is a Principal Officer in my Department and who has been assigned as Special Advisor, and the other Special Advisor is a political appointment. Below you will find their annual salaries. Name: Role: Salary: Sean Kinsella (Principal Officer) Special Advisor €85,127 Mary Kenny Special Advisor €87,258

Written Answers — Department of Finance: Insurance Costs (20 Jul 2016)

Michael Noonan: I am aware that a number of sectors in the economy, including the taxi sector, have reported receiving much increased quotes for insurance cover. As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance...

Written Answers — Department of Finance: Credit Availability (20 Jul 2016)

Michael Noonan: As the Deputy is aware, small and medium sized businesses play a central role in the sustainable recovery of the Irish economy.  To facilitate this, Government policy is focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources. In terms of monitoring the requirements for SMEs, my Department commissions...

Written Answers — Department of Finance: Customs and Excise Controls (20 Jul 2016)

Michael Noonan: I am advised by Revenue that their Customs Service currently deploys seventeen detector dog teams, nine of which have drug detection capabilities. I am advised by Revenue that as part of its risk focused approach to combatting illegal drugs importations, all ports and airports are monitored and evaluated from the point of view of potential for smuggling. Resources are deployed to areas of...