Results 14,101-14,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Exports Data (13 Nov 2013)

Michael Noonan: Regarding the employment numbers, annual average employment figures in NACE codes 20 (manufacture of chemicals and chemical products) and 21 (manufacture of basic pharmaceutical products and pharmaceutical preparations) are provided below. These data reflect Quarterly National Household Survey (QNHS) employment by NACE Rev. 2, two digit classification. However, I am informed by the Central...

Written Answers — Department of Finance: Job Creation Data (13 Nov 2013)

Michael Noonan: As part of the Programme for Government, the May 2011 Jobs Initiative introduced a number of measures designed to support the creation of employment. Since Q3 2011, net employment has increased by some 27,800. A number of measures were introduced under the Initiative including the introduction of the reduced VAT rate of 9% on tourism-related services. Measures to reduce the cost to employers...

Written Answers — Department of Finance: Tax Reliefs Application (13 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 48 and 56 together. I have considered this matter carefully and I have decided at this time, not to extend the parameters of the scheme to include self-referral for physiotherapy. General practitioners act as an access and control point for the scheme of tax relief on health expenses, as all such expenses must be incurred on the advice or referral of a...

Written Answers — Department of Finance: Property Taxation Administration (13 Nov 2013)

Michael Noonan: I am advised by Revenue that the introduction of Local Property Tax (LPT), which is the largest ever extension of the self-assessment system, represents a very great administrative challenge. For example, Revenue has answered in excess of 580,000 telephone calls and replied to in excess of 200,000 letters or emails since March 2013. Revenue has further advised me that because LPT is a new...

Written Answers — Department of Finance: Property Taxation Assessments (13 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that, in accordance with section 851A of the Taxes Consolidation Act 1997, all taxpayer information held by the Commissioners is confidential and they are therefore precluded from providing a detailed breakdown of the amount of Local Property Tax (LPT) due on residential properties owned by individual local authorities for 2014. However, the...

Written Answers — Department of Finance: Banking Sector Issues (13 Nov 2013)

Michael Noonan: The proceeds from the levy on financial institutions announced in Budget 2014 will be paid into the Exchequer. It will not be used to fund the Resolution Fund pursuant to Section 15 of the Central Bank and Credit Institutions (Resolution) Act 2011. Section 10 of the Central Bank and Credit Institutions (Resolution) Act 2011 established a resolution fund in Ireland. The purpose of this fund...

Written Answers — Department of Finance: Banking Sector Issues (13 Nov 2013)

Michael Noonan: In May 2012 the Commission called for a banking union to restore confidence in banks and in the euro. This was reflected in the report on Economic and Monetary Union prepared by the Presidents of the European Council, the Commission, the Eurogroup and the European Central Bank. The SSM which is the first part of this process was formally adopted by ECOFIN in October and has entered into...

Written Answers — Department of Finance: Property Taxation Administration (13 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 53 and 57 together because they relate to the same queries. I am advised by the Revenue Commissioners that the following is the position on the issues raised. The Local Property Tax (LPT) was introduced as a half year charge for 2013, with 2014 being the first full year of the tax. The due dates for paying LPT are set out in legislation. The due date...

Written Answers — Department of Finance: Tax Credits (13 Nov 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit (OPFTC) is being replaced with a new Single Person Child Carer Tax Credit from 1 January 2014. The Single Person Child Carer Tax Credit will be of the same value, i.e. €1,650, as the existing OPFTC and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new credit will be...

Written Answers — Department of Finance: Tax Reliefs Application (13 Nov 2013)

Michael Noonan: As the Deputy has noted, the main tax incentive for innovation in Ireland is the R&D Tax Credit which gives a company a tax credit of 25% for expenditure on qualifying R&D. As was highlighted in the Report of the Review of the R&D Tax Credit 2013, which is available on the tax policy website at , this is a very competitive regime by international standards and has...

Access to Credit: Motion [Private Members] (12 Nov 2013)

Michael Noonan: We will let Deputy Barry speak.

Access to Credit: Motion [Private Members] (12 Nov 2013)

Michael Noonan: I move amendment No. 2:To delete all words after “Dáil Éireann” and substitute the following: “notes that, in order to ensure an adequate flow of credit to viable companies, this Government in 2011 imposed challenging targets on AIB and Bank of Ireland for lending to small and medium businesses, and continues to monitor the banks’ progress in meeting...

Finance (No. 2) Bill 2013: Second Stage (Resumed) (12 Nov 2013)

Michael Noonan: I thank Deputies for their considered and useful contributions today and last week. During the course of this Second Stage debate, a number of Deputies raised the future prospects of the Irish economy and Irish society. The Government is acutely aware of the challenges the Irish people have faced over the past few years and the resolute way they have faced them. The difficult decisions...

Finance (No. 2) Bill 2013: Second Stage (Resumed) (12 Nov 2013)

Michael Noonan: I will yield five minutes.

Topical Issue Debate: Unfinished Housing Developments (12 Nov 2013)

Michael Noonan: On 7 February 2013, the Oireachtas passed the Irish Bank Resolution Corporation Act 2013, appointing joint special liquidators to the IBRC with immediate effect to wind up its business and operations. Under the IBRC Act the special liquidators are obliged to independently value all the assets of the IBRC and to engage in a sales process which will maximise the return for its creditors...

Topical Issue Debate: Unfinished Housing Developments (12 Nov 2013)

Michael Noonan: I thank the Deputy for bringing this matter to my attention. The liquidation will proceed in accordance with the legislation which was passed by the Houses of the Oireachtas. The order of creditor preference will be in accordance with what is normal under company law. Unsecured creditors will be considered for any residual resources that are available after the preferred creditors and the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (12 Nov 2013)

Michael Noonan: I would inform the Deputy that details of the 25 measures for jobs and growth that I announced in Budget 2014 are set out in Annex C of the Budget book. Full details of the budget are also available on my Department’s website (www.budget.gov.ie ). I set out below a copy of Annex C for the Deputy’s convenience. ANNEX C €500m TAX PACKAGE BUILDING BUSINESS AND CREATING...

Written Answers — Department of Finance: Tobacco Smuggling (12 Nov 2013)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax and for tacking the illicit trade in tobacco products, that they attach a high priority to dealing with this criminal activity. Their “Strategy on Combating the Illicit Tobacco Trade (2011-2013), which is published on the Revenue website (www.revenue.ie), includes a range of...

Written Answers — Department of Finance: Retail Sector Issues (12 Nov 2013)

Michael Noonan: I assume that the Deputy is referring to a levy on supermarket profits. In terms of tax policy generally, Ireland’s corporate tax rate of 12.5% on trading income is akin to a brand and is an important part of the Government’s strategy of creating an enterprise friendly environment to attract jobs and investment to Ireland. One of the main features of the rate is its...

Written Answers — Department of Finance: Single Euro Payments Area (12 Nov 2013)

Michael Noonan: The aim of the Single Euro Payments Area (SEPA) project is to create a single market for euro-denominated retail payments. SEPA is an EU initiative that will change the way that these payments are processed across Europe. SEPA will allow payment systems users to make euro-denominated retail electronic payments to payees located in any of the participating countries, using a single payment...