Results 14,221-14,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Credits (5 Nov 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit 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 One-Parent Family Tax Credit and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new...

Written Answers — Department of Finance: Tax Rebates (5 Nov 2013)

Michael Noonan: With regard to VAT, under the VAT (Refund of Tax) (Flat-rate Farmers) Order 2012, flat-rate farmers, who are not registered for VAT, can claim a refund of tax borne on the purchase of a wind turbine for the purposes of micro-generation of electricity for use in a farm business, where that wind turbine was purchased on or after 1 January 2012. There are no statistics available as to the cost...

Written Answers — Department of Finance: Fiscal Policy (5 Nov 2013)

Michael Noonan: Once Ireland reduces its deficit below 3% of GDP in 2015, the Excessive Deficit Procedure to which we have been subject since April 2009 will be abrogated (lifted) and we will no longer be subject to the corrective arm of the Stability and Growth Pact (SGP). Thereafter, however, we will be subject to the preventive arm of the SGP, which requires that we converge towards our country-specific...

Written Answers — Department of Finance: Banking Sector Staff Issues (5 Nov 2013)

Michael Noonan: As advised under Parliamentary Question No 77, a long standing, process exists where staff who are retiring at normal retirement date or earlier are provided with the option to attend a seminar to help plan for their retirement. This is provided by many companies in the public and private sector to retiring staff and is considered good practice to help staff adjust to retirement. This...

Written Answers — Department of Finance: Central Bank of Ireland Properties (5 Nov 2013)

Michael Noonan: Under section 6B of the Central Bank Act 1942, the Central Bank Commission is responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Central Bank to perform and exercise its functions and powers. I have no function in the matter of accommodation arrangements at the Central Bank. However, I have been informed by the Central...

Written Answers — Department of Finance: Budget 2014 (5 Nov 2013)

Michael Noonan: On the night of Budget 2014 I brought before the House a series of financial resolutions to bring into effect measures contained in Budget 2014 from midnight on 15th October last. Excise duty on a packet of 20 cigarettes was increased by 10 cent with a pro rata increase for other tobacco products. This is expected to yield around €2.5 million in 2013. There were also increases of 10...

Written Answers — Department of Finance: NAMA Property Sales (5 Nov 2013)

Michael Noonan: As the Deputy may be aware, Section 172 of the NAMA Act precludes NAMA from selling loans or property to a defaulting debtor or to parties connected to a defaulting debtor. In accordance with Section 172 of the Act, purchasers of NAMA loans or secured property are required to sign a statutory declaration that they are not connected to the debtor or other obligors. In addition, NAMA Board...

Written Answers — Department of Finance: IBRC Liquidation (5 Nov 2013)

Michael Noonan: The details of individual creditors in IBRC at 30 June 2012 are commercially sensitive and cannot be published however extensive details of the creditors of IBRC at that date are set out in the IBRC Interim Report dated 30 June 2012 available at .A list of unsecured creditors of IBRC at the date of liquidation, with the exception of depositors, was included as part of the Statement of Affairs...

Written Answers — Department of Finance: Tax Code (5 Nov 2013)

Michael Noonan: As the Deputy is aware, I announced the Start Your Own Business incentive in the recent Budget. This incentive is an exemption from Income Tax for individuals who have been long-term unemployed and start a new, un-incorporated business. The individual must have been continuously unemployed for a period of at least 15 months prior to setting up the business. Time spent on certain courses...

Written Answers — Department of Finance: Pensions Levy Issues (5 Nov 2013)

Michael Noonan: I propose to take Questions Nos. 164 and 165 together. I announced in my recent Budget speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 will be abolished from the 31st of December 2014. I also indicated, however, that I would be introducing an additional levy on pension funds at 0.15%. I am doing this to continue to help fund the Jobs Initiative ,...

Written Answers — Department of Finance: Tax Reliefs Availability (5 Nov 2013)

Michael Noonan: Firstly, decisions regarding tax matters are primarily a matter for my Department and the Office of the Revenue Commissioners. However, the Budget was agreed by the Government before its announcement on Budget day. As I stated in my Budget day speech, from 16 October 2013, tax relief for medical insurance premiums will be restricted to the first €1,000 per adult and the first...

Written Answers — Department of Finance: Exports Data (5 Nov 2013)

Michael Noonan: Irish merchandise exports were down by 5.5 per cent in the first half of 2012 on an annual basis, largely because of reduced output from the pharmaceutical and chemical sector, owing to the impact of patent expiry which is occurring globally, including in key export markets. Given the large weight of the sector in Irish output, this has weighed on GDP in 2012 and is likely to do the same in...

Written Answers — Department of Finance: Job Creation (5 Nov 2013)

Michael Noonan: The Department of Finance does not comment on discussions or negotiations with commercial counterparties. The National Treasury Management Agency (NTMA) has advised that it is their policy not to comment on discussions or negotiations with commercial counterparties in respect of investments.

Written Answers — Department of Finance: Tax Reliefs Availability (5 Nov 2013)

Michael Noonan: The position is that from 16 October 2013, tax relief for medical insurance premiums will be restricted to the first €1,000 per adult and the first €500 per child insured. Any portion of premium paid in excess of these ceilings will no longer qualify for tax relief. The new ceilings will ensure some continuing support via the tax system for those who purchase medical insurance...

Written Answers — Department of Finance: Tobacco Control Measures (5 Nov 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection of tobacco products tax, that, in accordance with section 104(2) of the Finance Act 2001, tobacco products tax is not chargeable on cigarettes that are bought tax-paid by a private individual in another member state of the European Union, provided that the cigarettes are for the individual's own personal use...

Written Answers — Department of Finance: Budget 2014 (5 Nov 2013)

Michael Noonan: On a point of clarification, Finance Act 2013 provided that Top Slicing Relief was abolished with effect from 1 January 2013 on all ex-gratia (discretionary) termination lump sum payments where the non-statutory element of the payment was €200,000 or over. I would also like to make clear that this measure will have no impact on retirement lump sums paid under Revenue approved...

Written Answers — Department of Finance: Ministerial Staff (5 Nov 2013)

Michael Noonan: The table below details the information requested in respect of each political staff member appointed by me. Ms Mary Kenny – Special Adviser (appointed under section 11 of the Public Service Management Act 1997) Suitably qualified for the position €84,706 Mr Eoin Dorgan – Special Adviser (appointed under section 11 of the Public Service Management Act 1997). Mr...

Written Answers — Department of Finance: Property Taxation Yield (5 Nov 2013)

Michael Noonan: Section 157 of the Finance (Local Property Tax) Act 2012, as amended, provides that, in each financial year commencing with 2014, the Minister shall pay from the Central Fund or the growing produce thereof into the Local Government Fund an amount equivalent to the Local Property Tax, including any interest paid thereon, paid into the Central Fund during that year. Accordingly, receipts from...

Written Answers — Department of Finance: Budget 2014 (5 Nov 2013)

Michael Noonan: As the Deputy is aware, the One-Parent Family Tax Credit 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 One-Parent Family Tax Credit and will also carry the same entitlement to the extended standard rate tax band of €36,800 per annum. The new...

Written Answers — Department of Finance: NAMA Portfolio Issues (5 Nov 2013)

Michael Noonan: The Agency’s Annual Report and Financial Statement 2012 give a geographical breakdown of the total portfolio albeit not by county. A county breakdown of property securing NAMA’s loans, by value, was provided in the Agency’s Annual Report and Financial Statements for 2011, which is available on the NAMA website, www.nama.ie. NAMA advises that the geographical distribution...