Results 13,641-13,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Loans (27 Nov 2013)

Michael Noonan: The Special Liquidators confirm that Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC Limited”) engaged with foreign companies to assist with the recovery of assets beneficially held by the Quinn Group. I have been advised that in High Court proceedings to recover the debts due to IBRC Limtied, now in special liquidation, by the Quinns, the Bank has...

Written Answers — Department of Finance: Property Taxation Application (27 Nov 2013)

Michael Noonan: The issues raised in this question are similar to those raised by the Deputy in Question No. 229 on 5 November (46999/13). The Local Property Tax (LPT) is an annual tax and has an annual pay and file season like other annual taxes. Property owners are being asked to indicate a payment method for 2014 and Revenue is only contacting people whose payment option for 2013 does not automatically...

Written Answers — Department of Finance: Strategic Investment Bank Establishment (27 Nov 2013)

Michael Noonan: As the Deputy will be aware, the Government has decided to establish the Ireland Strategic Investment Fund (ISIF) which will absorb the National Pensions Reserve Fund (NPRF). Using the Ireland Strategic Investment Fund, we will maximise our resources to enhance growth in the Irish economy and improve key infrastructure to maintain Ireland's attractiveness as a place to do business and to...

Written Answers — Department of Finance: EU-IMF Programme of Support (27 Nov 2013)

Michael Noonan: Irish economic policy for the period 2014-2020 will be incorporated in the Medium Term Economic Strategy (MTES), which is being drafted at present. As we approach the conclusion of the Troika programme we are beginning to reap the rewards of our sustained efforts. Economic growth has returned, albeit at a slower pace than was anticipated at the start of the programme. The public finances...

Written Answers — Department of Finance: Property Taxation Application (27 Nov 2013)

Michael Noonan: I am advised by Revenue that Section 156 of the Finance (Local Property Tax) Act 2012 (as amended) provides that where Household Charge (HC) for 2012 remains unpaid at 1 July 2013, the amount outstanding is increased to €200 and classified as arrears of Local Property Tax (LPT). All such arrears will be collected by Revenue in the same manner as LPT. Revenue has confirmed that the...

Written Answers — Department of Finance: Property Taxation Administration (27 Nov 2013)

Michael Noonan: I am informed by Revenue that a key aspect of the work it has undertaken in connection with the administration of Local Property Tax (LPT) has been the development of a register of residential properties in the State. The development of the Property Register required Revenue to extract and consolidate data from multiple Government and non-Government sources and unfortunately some incorrect...

Written Answers — Department of Finance: Property Taxation Administration (27 Nov 2013)

Michael Noonan: I am advised by Revenue that the vast majority of the 2014 Local Property Tax (LPT) payment notifications issued to taxpayers during October 2013. This included taxpayers who paid their 2013 liability in a single lump sum via a payment service provider. The exceptions in this regard were cases that contained data errors requiring clarifications to ensure the accuracy of the information held...

Written Answers — Department of Finance: Property Taxation Administration (27 Nov 2013)

Michael Noonan: I am advised by Revenue that letters to residential property owners regarding 2014 Local Property Tax (LPT) payment methods did not issue in some cases where there was a discrepancy in the property register. In the specific case mentioned by the Deputy, an error occurred when the 2013 LPT payment instructions were filed on-line on behalf of the liable owner. The individual who filed the...

Written Answers — Department of Finance: Pensions Levy Issues (27 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 52 and 53 together. An annual stamp duty levy of 0.6% applies in each of the four years from 2011 to 2014, to the market value on the valuation date (generally 30 June each year) of assets under management in pension funds and pension plans approved under Irish tax legislation. I am advised by the Revenue Commissioners that this includes occupational...

Written Answers — Department of Finance: Pension Provisions (27 Nov 2013)

Michael Noonan: I assume that the Deputy is referring to Parliamentary Question No. 60 of 20 November 2013. In that reply I gave information relating to the changes to the Standard Fund Threshold (SFT) regime announced in my 2014 Budget Statement and reflected in the recently published Finance (No. 2) Bill 2013. The changes to the SFT regime outlined in the reply referred to above apply, as appropriate, to...

Written Answers — Department of Finance: Property Taxation Application (27 Nov 2013)

Michael Noonan: The Inter-departmental group, chaired by Dr Don Thornhill, to consider the design of a property tax (the “Thornhill Group”) recommended that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates. The Government accepted the recommendation of the Thornhill Group in...

Written Answers — Department of Finance: IBRC Loans (27 Nov 2013)

Michael Noonan: I have been advised by the Special Liquidators that they have corresponded with all IBRC borrowers, providing them with an opportunity to make written representations on the method of disposal of their loans and the criteria for determining who may bid for loan assets. The Special Liquidators are under instruction to ensure that the valuation of all IBRC assets is completed by 30 November...

Written Answers — Department of Finance: Property Taxation Collection (27 Nov 2013)

Michael Noonan: In accordance with the Finance (Local Property Tax) Act 2012 (as amended), Local Property Tax (LPT) for is payable on or before 1 January of that year. For the year 2015, the tax will be payable on or before 1 January 2015. The range of payment options provided by the Revenue Commissioners ensures that nobody is forced to pay LPT before that date. The Revenue Commissioners are facilitating...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: That is because it is a good budget. The line of zeros indicates there was no impact on their tax burden.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: I am trying to be helpful.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: That is an allegation. What is farcical about it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: There was no increase in personal income tax.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: The John and Mary tables show there was no increase in personal income tax. What is wrong with that?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: If I did not include the illustrative tables that are traditionally included with the budget documentation, the Deputy would claim I was trying to hide something.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (26 Nov 2013)

Michael Noonan: They were.