Results 1,101-1,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Expenditure (21 Feb 2017)

Michael Noonan: The information requested by the Deputy is set out in the following table. This information relates to 2016. My Department publishes all such information on its website. 2016 Name Description Amount Price Waterhouse Coopers National Risk Assessment €73,031 Mason Hayes and Curran Advice regarding Subject Access Request under Data Protection Act €733 William Fry Legal...

Written Answers — Department of Finance: Vehicle Registration (21 Feb 2017)

Michael Noonan: I am advised by Revenue that 5,971 registration numbers were reserved in the past 10 years, yielding revenue of €2,789,175.  The cost/fee for a reserved number is currently €1,000 increased from €315 on 7 October 2008.  Details are set out in the following table. Year Number Reserved (*1) Fee/Cost per Registration Revenue (*1) 2007 3,206 €315...

Written Answers — Department of Finance: Property Tax Administration (21 Feb 2017)

Michael Noonan: I am advised by Revenue that Deserted Wives Benefit is not currently one of the schemes for which it has been agreed with Department of Social Protection that deductions at source will be made in respect of Local Property Tax.  The schemes from which possible deductions can be made are being kept under review and Revenue are in ongoing discussion with the Department of Social Protection...

Written Answers — Department of Finance: Betting Legislation (21 Feb 2017)

Michael Noonan: On-course bookmakers are exempt from betting duty on bets accepted during and at a race meeting under section 68(1)(a) of the Finance Act 2002.  However, this exemption does not apply to bets entered into by any means of telecommunications, such as by telephone or online. The current exemption from betting duty applies to very narrowly defined category of bookmakers and bets and I am...

Written Answers — Department of Finance: Home Repossessions Rate (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 148 and 149 together. I am firmly of the view that the Irish banking system has an important role to play in the normalisation of the Irish housing sector through the speedy return of properties in their possession to the general market. I am also conscious that where a bank comes into possession of a property the institution has a fiduciary responsibility to...

Written Answers — Department of Finance: Revenue Commissioners (21 Feb 2017)

Michael Noonan: I am advised by Revenue that according to their records the person concerned did not pay tax or USC in the years in question. The person concerned has been advised directly.

Written Answers — Department of Finance: Financial Services Regulation (21 Feb 2017)

Michael Noonan: In July 2015, my Department and the Central Bank published a joint public consultation paper on a proposed move from the current 50 per cent funding model for financial regulation to a full funding model. Following that consultation, I approved a phased move towards 100 per cent industry funding of the cost of financial regulation, commencing in 2017 with a move from 50 to 65 per...

Written Answers — Department of Finance: Tax Credits (21 Feb 2017)

Michael Noonan: As the Deputy may be aware, the previous tax relief in respect of rent paid, was abolished in Budget 2011, and it is no longer available to those that commenced renting for the first time from 8 December 2010. This followed a recommendation in the 2009 report by the Commission on Taxation that rent relief should be discontinued. The view of this independent commission was that, in the...

Written Answers — Department of Finance: Tax Settlements (21 Feb 2017)

Michael Noonan: Revenue has advised me that where there is open and honest engagement by the mortgagee in dealing with a TRS overpayment, then every effort is made to agree a viable solution that takes account of his/her personal and financial circumstances. The Deputy should advise the person in question to immediately make contact with the TRS Helpline on lo-call 1890 263646. Once contact is made, Revenue...

Written Answers — Department of Finance: Tax Reliefs Abolition (21 Feb 2017)

Michael Noonan: The Deputy will be aware that there is a commitment in the Programme for a Partnership Government to retain mortgage interest relief (MIR) beyond the current end date on a tapered basis. As legislation currently provides for the relief to continue to end-December 2017, it was not necessary to include legislation in Finance Bill 2016 to provide for the tapered extension of the...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: It is assumed that the Deputy is referring to the Income Tax relief available on fees paid for nursing homes.  I am advised by Revenue that the following table sets out both the number of claimants and the cost to the Exchequer regarding health expenses specifically relating to nursing homes for the years 2009 to 2014, the latest year for which data are available. Year Numbers Cost...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 156 and 157 together. From October 2015, the operation of nursing homes became eligible to qualify for the Employment Investment Incentive (EII) scheme.  I am informed by the Revenue Commissioners that there are currently no such companies in receipt of EII investment for the years 2015 or 2016 based on using NACE code sector identifiers on Revenue...

Written Answers — Department of Finance: Tax Reliefs Costs (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 158 and 159 together. In relation to Parliamentary Questions Nos. 158 and 159, I am advised by Revenue that a Costs of Tax Expenditures Table is available on the Revenue Statistics webpage at http://www.revenue.ie/en/about/statistics/costs-expenditures .html.  This table provides an annual breakdown of the cost to the Exchequer for the 'Retirement Relief...

Written Answers — Department of Finance: Consultancy Contracts (21 Feb 2017)

Michael Noonan: Work is ongoing on the preparation of a draft Central Bank consolidation Bill which is a substantial and complex piece of legislative reform. A tender was awarded to Matheson to assist the Department in the process. The tender was awarded for a fixed fee of €100,000, however, no monies have been paid to date.

Written Answers — Department of Finance: Departmental Correspondence (21 Feb 2017)

Michael Noonan: I am happy to inform the Deputy that a detailed response issued on 20/02/2017 to the correspondence he refers to in his question.  I trust the Deputy will be satisfied with the response.

Written Answers — Department of Finance: Tax Avoidance (21 Feb 2017)

Michael Noonan: In my Financial Statement to the House on 11 October 2016 I indicated that I would act to restrict the opportunity for offshore defaulters to use the voluntary disclosure regime with effect from May 2017.  In line with this undertaking, section 56 of the Finance Act 2016 provides that, as and from 1 May 2017, the making of a qualifying disclosure will not be permitted where the tax...

Written Answers — Department of Finance: Tax Reliefs Data (21 Feb 2017)

Michael Noonan: I am advised by Revenue that a Costs of Tax Expenditures table is available on the Revenue Statistics webpage at . This table provides an annual breakdown of the cost to the Exchequer for the 'Rent-A-Room' relief from the years 2004 to 2014, the latest year for which data are available. The table will be updated in due course as newer information becomes available. The threshold for the...

Written Answers — Department of Finance: VAT Exemptions (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 164 and 165 together. Schedule 1 of the Value-Added Tax Consolidation Act 2010 lists the activities that are exempt from VAT which includes the provision of services by a funeral undertaker but does not extend to the supply of graves. The supply of a grave in a graveyard that is more than 5 years old is also exempt from VAT, but the supply of a grave in a...

Written Answers — Department of Finance: Customs and Excise Controls (21 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 166 and 171 together. The Government's position in relation to the border with Northern Ireland in the context of BREXIT is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a hard border, and minimal impact on business and trade are key objectives.  Like all Government agencies,...

Written Answers — Department of Finance: Information and Communications Technology (21 Feb 2017)

Michael Noonan: I wish to advise the Deputy that my Department has not incurred any cost in upgrading of Information Technology Systems and Databases to incorporate the use of Eircode. 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...