Results 5,781-5,800 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Operations (20 Oct 2015)

Michael Noonan: The NAMA Board, pursuant to Section 15.1 of the Code of Practice for the Governance of State Bodies, has implemented a procurement policy to ensure compliance with all relevant public procurement legislation and I am assured  that NAMA, in accordance with the Board's policy, complies with all such rules when it directly procures goods and services.Pursuant to those rules, all...

Written Answers — Department of Finance: Departmental Offices (20 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a customer service desk operated at the Public Services Centre, Donegal until July of this year. The desk was closed in July having regard to the fact that  -Over the last number of years the provision by Revenue of high quality self service, electronic and telephone service channels has resulted in reduced demand for walk-in...

Written Answers — Department of Finance: Exchequer Revenue (20 Oct 2015)

Michael Noonan: I propose to take Questions Nos. 277 and 278 together. I am advised that the information available to the Revenue Commissioners relates to the profits earned from the provision of all stallion stud services and that thoroughbred stud profits alone are not separately distinguished on returns. The profits earned from the provision of these services for the years 2008 to 2013 (the most recent...

Written Answers — Department of Finance: Exchequer Revenue (20 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that tax payments by the aircraft leasing industry for the years 2010 to 2014 are as shown in the following table. This is based on the primary industry description (NACE code) assigned to businesses on the Revenue taxpayer register. I am further advised that Revenue is currently reviewing the classification of aircraft leasing companies on its...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (20 Oct 2015)

Michael Noonan: As I said in response to Question No. 209 on 10 March this year, the Central Bank issued a Summary Report of its Payment Protection Review ("the PPI Review") in March 2014. The PPI Review included the sales by 11 credit institutions since July 2007. This resulted in a total refund of €69.5 million (including €6.1 million in interest). Around 83,490 policies have been refunded. I...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: Following last year's comprehensive review of agri-taxation that was published by myself and the Minister for Agriculture, Food and the Marine, a number of outstanding recommendations were examined further and are being implemented as part of Budget 2016. These include: - the extension of four measures which were due to expire at end December 2015 for a further three years. This includes...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: The details supplied suggest a Capital Gains Tax (CGT) rollover relief in respect of the proceeds from the sale of farmland under a Compulsory Purchase Order (CPO). General rollover relief was abolished in Budget 2003. One result of rollover relief was that the CGT due on an asset disposal was often never paid. While the public finances are improving, it is still the case that the yield from...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: In last week's Budget, I announced the introduction of a Succession Farm Partnership, subject to EU State Aid approval. A Succession Farm Partnership is a succession planning model that encourages older farmers to form partnerships with young trained farmers and to transfer ownership of the farm, within a specified period, to that young trained farmer. This relief is available to any...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: I have no plans to introduce a individualised income tax volatility measure for farmers that would allow farmers to delay payment of taxes. As the Deputy will be aware, income averaging is available to farmers in recognition of the volatility of their income, which I believe is ultimately more beneficial than delaying the payment of tax. The Deputy may be aware that following the...

Written Answers — Department of Finance: Tax Code (20 Oct 2015)

Michael Noonan: I assume that the Deputy is referring to Capital Acquisitions Tax (CAT) agricultural relief. The importance of agriculture in the Irish economy is well recognised. In this context, a specific relief from CAT is provided for gifts and inheritances of agricultural property once certain conditions are satisfied. This relief is known as Agricultural Relief. The aim of the relief is to ensure the...

Written Answers — Department of Finance: Tax Reliefs Application (14 Oct 2015)

Michael Noonan: Following an economic impact assessment of the film relief, published in December 2012, and in line with the Programme for Government commitment to 'reduce, cap or eliminate income tax reliefs that benefit high income individuals', I made a number of changes to the film tax relief scheme. Primarily, these changes amended the scheme so that instead of providing for tax relief at an...

Written Answers — Department of Finance: Tax Code (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that employers may reimburse, tax-free to office holders and employees, the expenses of travel, and subsistence relating to that travel, subject to certain conditions being fulfilled. The principal conditions are that: - the office holder or employee must be temporarily away from his/her normal place of work in the performance of the duties of his/her...

Written Answers — Department of Finance: Tobacco Smuggling (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of persons prosecuted in respect of cigarette and tobacco smuggling, arising from detections made by Revenue officers at Dublin Airport, was 40 in 2014 and 23 in the period from 1 January to 9 October 2015.  Successful convictions were obtained in 39 cases in 2014 and 22 to date in 2015.  There are 25 prosecution cases...

Written Answers — Department of Finance: Income Data (14 Oct 2015)

Michael Noonan: I am advised by the Revenue Commissioners that Revenue's Statistics webpage () has extensive details on the distribution of incomes in Ireland. In particular, linked from the webpage and hosted by the CSO at , under the "Income Tax and Corporation Tax Distribution Statistics", the table RVA04  show numbers (and percentages) of cases by income range for Income Tax  and Universal...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Everyone was gone.

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Did you forget all your promises?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Is this an extract from Oliver Callan?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: Is this some kind of comedy?

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: This could become a rock musical.

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Michael Noonan: In response, NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020. Some 90% of these units will be in the greater Dublin area. About 75% of these units will be houses, mainly starter homes. NAMA will deliver these units by working with developers. Achieving this new target by the end of 2020 means delivering on average 80 new housing units every week...