Results 14,121-14,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Collection (12 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 61, 68, 71 and 81 together. Similar questions concerning payment of the 2014 LPT liability have been raised by a number of Deputies previously and I provided a detailed reply on 5 November to Questions Nos. 143 [47110/13], 202 [46491/13], 214 [46815/13], 215 [46879/13], 216 [46881/13], 229 [46999/13], 232 [47059/13], 239 [47101/13], and 252 (47136/13) which...

Written Answers — Department of Finance: Property Taxation Collection (12 Nov 2013)

Michael Noonan: I am advised by Revenue that the introduction of Local Property Tax (LPT), which was the largest extension of the self-assessment system in its history, 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 that because LPT is...

Written Answers — Department of Finance: Property Taxation Collection (12 Nov 2013)

Michael Noonan: I am advised by Revenue that there is no obligation on any person to pay their Local Property Tax (LPT) liability for 2014 before 1 January unless they choose to do so to suit their own circumstances. In October, Revenue wrote to all property owners who paid their 2013 LPT liability in a single payment to remind them of their obligations in regard to 2014. Revenue used the opportunity...

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

Michael Noonan: I can confirm that I have received correspondence from a third party, an employee representative organisation which suggest that the Government could somehow benefit from the acquisition of ACC’s banking architecture and employee skill set. My officials are examining the correspondence and will respond in due course.

Written Answers — Department of Finance: Excise Duties Collection (12 Nov 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 92 of the Finance Act 1989 and the Disabled Drivers and Disabled Passengers (Tax concessions) Regulations, 1994 (S.I.353 of 1994) provide for relief from the payment of Excise Duty on specified quantities of fuel used for transporting persons registered under the scheme. The person (details supplied) submitted an application for...

Written Answers — Department of Finance: Budget 2013 Impact (12 Nov 2013)

Michael Noonan: As the Deputy will be aware, the Programme for Government contains a commitment to require all public bodies to take due note of equality and human rights in carrying out their functions. Furthermore, the Cabinet handbook requires a statement on the likely effects of the decision sought on equality and persons experiencing or at risk of poverty or social exclusion to be included in Memoranda...

Written Answers — Department of Finance: Tax Code (12 Nov 2013)

Michael Noonan: The Think Tank for Action on Social Change (TASC) and Nevin Economic Research Institute (NERI) working paper Wealth Tax - Options for its Implementation In the Republic of Ireland, to which the Deputy refers, has not advocated a specific form of wealth tax but it has analysed a number of options and discussed issues relating to the introduction of a wealth tax. The paper suggests that a...

Written Answers — Department of Finance: Property Taxation Collection (12 Nov 2013)

Michael Noonan: Revenue has acknowledged to me that exceptional delays in accessing the Local Property Tax (LPT) Helpline, which is the primary contact point for LPT queries, were experienced by some callers in the days immediately following the issue of the 2014 notifications. In response to the demand for service, Revenue deployed extra resources to the helpline, within two days of the peak period...

Written Answers — Department of Finance: Tax Code (12 Nov 2013)

Michael Noonan: I made provision in Budget 2013 for the following measure designed to assist farmers with consolidation of farm land. This measure followed on from measures in the previous year’s Budget which also supported farm expansion and the transfer of land. Section 48 of Finance Act 2013 provides for relief from capital gains tax on disposals of farm land for farm restructuring, subject to a...

Written Answers — Department of Finance: VAT Rate Reductions (12 Nov 2013)

Michael Noonan: As you will be aware, the 9% reduced VAT rate applies to tourism related activity in order to promote that industry. In this context, various entertainment services already apply at the 9% rate, including admissions to cinemas, theatres, certain musical performances, museums, art gallery exhibitions, fairgrounds/amusement parks, open farms, historical houses. The use of sporting facilities,...

Written Answers — Department of Finance: VAT Payments (12 Nov 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a Revenue audit was conducted on the firm in question. The audit identified a number of liabilities, including interest and penalties. These additional liabilities were accepted and agreed, in writing, by the proprietors. The principal component of the additional liabilities arose from the non-operation of VAT on the supplies of goods and...

Written Answers — Department of Finance: Tax Credits (12 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that based on the most up to date data it is estimated that up to 15,400 individuals may be affected by the restriction of the restructured credit to the principal carer. However, ultimately it will depend on the circumstances of each individual carer and the allocation of childcare responsibilities, which is primarily for parents to agree. I am...

Written Answers — Department of Finance: Revenue Commissioners Resources (12 Nov 2013)

Michael Noonan: I am advised by Revenue that it is very conscious of the importance of making sure that its communications with all taxpayers, including property owners, is as simple and understandable as possible. Its objective is always to convey information that meets the “plain English” standard so that taxpayers readily understand their entitlements and obligations, and it has full regard...

Written Answers — Department of Finance: Property Taxation Collection (12 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that Section 11(3)(d)(I) of the Local Property Tax Act 2012 (as amended) provides that a person having an exclusive right of residence in a property for his or her life is deemed to be the liable person for LPT purposes. In regard to the specific case mentioned by the Deputy, if the current occupant of the property in question was entitled to right...

Written Answers — Department of Finance: Property Taxation Exemptions (12 Nov 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date, which was 1 May 2013 for 2013 and 1 November 2013 for the year 2014. Section 7 of the Act provides that local authorities will be liable to pay the LPT on their properties in the same way as any other...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (12 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: Property Taxation Data (12 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the most up-to-date breakdown of Local Property Tax (LPT) payment types for 2013 is published on the Commissioners website at: along with other key LPT data. With regard to payments made by deduction at source, I am advised by the Commissioners that a detailed breakdown by deduction from salary or government payments is not currently readily...

Written Answers — Department of Finance: Property Taxation Yield (12 Nov 2013)

Michael Noonan: Initial forecasts for Local Property Tax (LPT) receipts envisaged a yield of €250 million for 2013 and €500 million in 2014, a full year. In light of taxpayer payment patterns in respect of the 2013 liability, the anticipated yield for 2013 was increased to €300 million to take account of potential payments in respect of 2014. Because 2014 is the first full year of LPT,...

Written Answers — Department of Finance: Tax Credits (12 Nov 2013)

Michael Noonan: As the Deputy is aware, I announced the Home Renovation Incentive in the recent Budget. This scheme will run from 25 October 2013 to 31 December 2015 and provides for tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a principal private residence. Qualifying expenditure is expenditure subject...

Written Answers — Department of Finance: VAT Rate Application (12 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners that it is precluded from commenting on, or disclosing details about, a named taxpayer. The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Primarily, it must be in agreement with the EU VAT Directive 2006/112/EC. Tour guide services which consist of the provision of information on...