Results 9,481-9,500 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (13 Nov 2014)

Michael Noonan: I have considered the proposal for the introduction of a tax relief for Graduate Entry Medicine (GEM) loans and I do not consider that the tax system is the appropriate way to address the affordability of the GEM programme. The affordability and funding of undergraduate medical education is in the first instance a matter for the Department of Education and Skills, having due regard to the...

Written Answers — Department of Finance: NAMA Property Sales (13 Nov 2014)

Michael Noonan: I note that the Deputy has provided no detail to support this allegation.  NAMA's policy is that the sale of all loans and the sale of properties by debtors and receivers should be openly marketed to ensure that the best price available in the market is achieved in all instances.  NAMA has provided extensive information on the conduct of both loan sales and the sale of properties by...

Written Answers — Department of Finance: Property Taxation Administration (13 Nov 2014)

Michael Noonan: I am advised by Revenue that the person to whom the Deputy refers has availed of a 'Partial Deferral' (50%) of Local Property Tax (LPT) in respect of her liabilities for 2013, 2014, 2015 and 2016 and is meeting the balance through deduction at source (DAS) from her Department of Social Protection (DSP) payment. Her entitlement to such a deferral arises from her income threshold level. ...

Written Answers — Department of Finance: Tobacco Smuggling (13 Nov 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the scale of the illicit cigarette market in Ireland is estimated through annual surveys undertaken, for them and the National Tobacco Control Office of the Health Services Executive, by Ipsos MRBI. The most recent survey, undertaken in 2013, indicated that 11% of the cigarettes consumed in Ireland were illicit, and that a further 5% were non...

Written Answers — Department of Finance: Revenue Commissioners Resources (13 Nov 2014)

Michael Noonan: I wish to refer the deputy to my reply to Dáil Question No. 271 of the 04/11/2014, Ref No: 40988/14, in which I stated that I am assured by the Revenue Commissioners that the provision of a quality customer service to taxpayers is a key corporate priority for Revenue.  Revenue is committed to ensuring that their service for all customers is suitably tailored to meet demand levels...

Membership of Houses of the Oireachtas Commission: Motion (12 Nov 2014)

Michael Noonan: I move:That Dáil Éireann, under section 8 of the Houses of the Oireachtas Commission Act 2003, as amended, appoints Deputy Olivia Mitchell to be an ordinary member of the Houses of the Oireachtas Commission in place of Deputy Frank Feighan who has resigned his office in accordance with the aforementioned section 8.

Finance Bill 2014: Financial Resolutions (12 Nov 2014)

Michael Noonan: I move:1.THAT section 531AN of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the rate of charge of the universal social charge, be amended in the manner and to the extent specified in the Act giving effect to this Resolution. 2. THAT Schedule 13 to the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains the list of accountable persons for the purposes of...

Written Answers — Department of Finance: Budget Measures (12 Nov 2014)

Michael Noonan: I propose to take Questions Nos. 53 and 57 together. A very detailed distributional analysis was published in Sections B1 to B26 in this year's Budget Book. This analysis was undertaken by the Department of Finance and sets out the distributional impact of tax measures and child benefit increases over a range of thirteen income levels and across six family...

Written Answers — Department of Finance: Tax Code (12 Nov 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the settlement of tax, interest and penalties with individuals and companies in the context of a Revenue audit or other risk management intervention will include agreeing the necessary arrangements to recover any amounts underpaid.  However, in some cases an "Inability to Pay" claim may be made by the taxpayer.  For the years 2011 to...

Written Answers — Department of Finance: Universal Social Charge Exemptions (12 Nov 2014)

Michael Noonan: As a general rule, a non-resident individual who carries on a trade or profession in the State is liable to income tax and universal social charge (USC) on the profits therefrom. However, if the individual is resident in a state with which Ireland has a double taxation treaty, the profits are only liable to Irish income tax and USC if the trade or profession is carried on through a permanent...

Written Answers — Department of Finance: Urban Renewal Schemes (12 Nov 2014)

Michael Noonan: The Deputy may be aware of the Living City Initiative, which was enacted in the Finance Act 2013, and includes the cities of Dublin, Cork, Galway and Kilkenny as well the original target cities of Limerick and Waterford. The Living City Initiative is a targeted pilot tax incentive which aims to: encourage people back to the centre of Irish cities to live in older buildings; and encourage...

Written Answers — Department of Finance: Tax Credits (12 Nov 2014)

Michael Noonan: As the Deputy will be aware, the Single Person Child Carer Credit is, in the first instance, only available to the primary carer of the child. The person who cares for the child for most of the year is entitled to the credit in the first instance. Agreement as to who will be the primary carer of a child is a matter for the parents or guardians. However, only the primary carer is...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (12 Nov 2014)

Michael Noonan: The Special Liquidators continue to implement the orderly and efficient wind down of IBRC in accordance with the provisions of the IBRC Act and the instructions issued by the Minister for Finance under the IBRC Act 2013. As the Deputy is aware, for operational reasons, the loan assets of IBRC were divided into six portfolios: Evergreen, Sand, Rock, Salt, Stone and Pebble. The Sand...

Written Answers — Department of Finance: Property Taxation Collection (11 Nov 2014)

Michael Noonan: I am assuming that when the Deputy refers to Direct Debit he means Single Debit Authority as Direct Debit normally involves a monthly phased payment arrangement. I am informed by the Revenue Commissioners that they have provided a wide range of payment options to assist property owners in paying their 2015 Local Property Tax (LPT) in a manner and at a time that best suits their individual...

Written Answers — Department of Finance: Alcohol Pricing (11 Nov 2014)

Michael Noonan: I would point out that there is no Exchequer loss as a result of below-cost selling of alcohol.  VAT is a tax on the value added to a supply, and the collection and recovery of VAT takes place at each stage of the chain of supply from manufacturing to retailer.  Under EU and domestic VAT rules, traders who are registered for VAT collect VAT on the goods and services that they...

Written Answers — Department of Finance: Semi-State Bodies (11 Nov 2014)

Michael Noonan: I propose to take Questions Nos. 186, 187 and 217 together. At national level the CSO are responsible under EU regulation for ensuring that all units within the economy are classified according to the rules set out under the European system of accounts (ESA2010). Eurostat monitor this role through documentation, including the excessive deficit procedure (EDP) inventory for Ireland, and...

Written Answers — Department of Finance: Irish Water Establishment (11 Nov 2014)

Michael Noonan: As part of Budget 2014, Government agreed that a €240 million equity investment would made in Irish Water by the Exchequer. In accordance with this agreement, in July 2014 €185 million in capital contribution was made and it is expected that a €54 million convertible debt instrument will be issued shortly. In May 2014 Government agreed to the...

Written Answers — Department of Finance: Revenue Documents Publication (11 Nov 2014)

Michael Noonan: I am advised that the Revenue Commissioners have proactively reviewed both the content and dissemination methods for their publication of statistical information. They are moving to provide their most relevant and sought after information in new and more accessible formats for statistics across all of the taxes and duties. Whereas previously information was provided by way of static tables in...

Written Answers — Department of Finance: Financial Services Regulation (11 Nov 2014)

Michael Noonan: My colleague, Minister of State Simon Harris T.D., said in the House on 9 October 2014 in a Topical Issues Debate, that the Government was concerned that the introduction of a cap on the interest rates that can be charged by moneylenders would not necessarily be in the interests of consumers or the wider financial system.  The Central Bank is the competent authority with...

Written Answers — Department of Finance: Financial Services Regulation (11 Nov 2014)

Michael Noonan: I propose to take Questions Nos. 191 and 192 together. I have been advised by the Central Bank that consumers of licensed moneylending are protected by a range of provisions that moneylenders must adhere to, including but not limited to the Consumer Protection Code for Licensed Moneylenders, the European Communities (Consumer Credit Agreements) Regulations 2010 and the Consumer Credit Act...