Results 14,421-14,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Universal Social Charge Application (15 Oct 2013)

Michael Noonan: The position is that the Universal Social Charge (USC) was introduced from 1 January 2011 to replace the Income Levy and the Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. The USC is an annual tax payable on an individual’s total income in a year, subject to a number of exemptions and reliefs. In...

Written Answers — Department of Finance: Tax Code (15 Oct 2013)

Michael Noonan: As the Deputy will be aware, it is a long standing practice of the Minister for Finance not to comment on any tax matters that may be the subject of forthcoming Budget and Finance Bill decisions.

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (15 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 18 to 20, inclusive, together. The Central Bank entered into a contract with Hewlett Packard Ireland Ltd. to provide the physical data centre environment to host the Central Bank’s IT systems and to manage the technical infrastructure aspects of these systems. Hewlett Packard Ireland Ltd. will also provide hosting facilities at a backup data centre...

Written Answers — Department of Finance: VAT Rate Application (15 Oct 2013)

Michael Noonan: As the Deputy will be aware, it is a long standing practice of the Minister for Finance not to comment on any tax matters that may be the subject of forthcoming Budget and Finance Bill decisions.

Written Answers — Department of Finance: Tax Code (15 Oct 2013)

Michael Noonan: I understand that comprehensive analysis of the options to support the provision of affordable and accessible child care was undertaken in 2005. Having considered the options available, the then Government introduced the early child care supplement, providing a direct payment to all families with young children. In addition, certain other incentives were introduced in order to encourage an...

Written Answers — Department of Finance: State Banking Sector (15 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 23 and 30 together. I have been informed by Permanent TSB that no such action occurred in respect of senior management of Permanent TSB. AIB has advised me that for confidentiality reasons it is precluded from discussing or divulging details of individual customer accounts. AIB has informed me that this also applies to staff who are bank customers.

Written Answers — Department of Finance: NAMA Operations (15 Oct 2013)

Michael Noonan: I understand that the Deputy is referring to NAMA's Northern Ireland Advisory Committee. I am advised that the membership and work of the Committee are set out in the Agency's Annual Report and Financial Statements for 2012, pages 69-70. A copy of this report is available on the NAMA website, www.nama.ie. I am advised by NAMA that the Committee, whose purpose is to advise the NAMA Board in...

Written Answers — Department of Finance: Tax Reliefs Availability (15 Oct 2013)

Michael Noonan: It is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. However, I would draw the Deputy's attention to some existing incentives in the tax code to encourage individuals to invest in schemes which can assist business. The Employment and Investment Incentive (EII) The EII is a tax...

Written Answers — Department of Finance: Strategic Investment Fund Capital (15 Oct 2013)

Michael Noonan: The establishment of the Ireland Strategic Investment Fund (ISIF) was announced by the Government in September 2011. Resources from the National Pensions Reserve Fund (NPRF) will be deployed through the ISIF towards productive investment on commercial terms in the Irish economy. The ISIF will play a catalytic role and seek private sector co-investment in order to leverage its own resources...

Written Answers — Department of Finance: Tax Reliefs Availability (15 Oct 2013)

Michael Noonan: The Deputy will be aware that it is not the practice of the Minister for Finance to discuss in advance the details of any measures which may be under consideration as part of the Budget and Finance Bill.

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (15 Oct 2013)

Michael Noonan: I have been informed by the Central Bank that the Central Bank IT environment is made up of a range of multi-vendor infrastructure and application components supported by internal and external resources. Incidents of difficulty with IT supply can arise from time to time. For example, as I previously indicated on 3 October 2013, PQ 41517/13, an incident occurred on 17th September when one of...

Written Answers — Department of Finance: Banking Sector Remuneration (15 Oct 2013)

Michael Noonan: My Department is not party to the information collected for this survey but on the basis of the information available to me, I understand that none of the individuals referred to were employed by the State assisted banks.

Written Answers — Department of Finance: Property Taxation Assessments (15 Oct 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) sets out how the tax is to be administered and how a residential property is to be valued for Local Property Tax (LPT) purposes. I am informed by Revenue that, as LPT is a self-assessed tax, it is a matter for the property owner to calculate the tax due based on an assessment of the market value of the property. For the purposes of LPT,...

Written Answers — Department of Finance: Tax Collection (15 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the person (details supplied) contacted his local Revenue office in January 2012 and his agent subsequently completed a tax return for the tax year 2011. The return included information on pension income which had not previously been taken into account in calculating the customer’s tax liability, and also claimed tax reliefs which had not...

Written Answers — Department of Finance: Tax Reliefs Application (15 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the latest relevant information available is in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the 2010 income tax year. RACs and PRSAs are available to self-employed people and to employees who are not in occupational pension schemes. The...

Written Answers — Department of Finance: Tax Yield (15 Oct 2013)

Michael Noonan: I assume that the Deputy refers to an increase of €100 in the standard rate tax bands, which would apply similarly to single and widowed persons, as well as to lone parents. In addition, the proposed increase is assumed to also apply to married couples. On this basis, I am informed by the Revenue Commissioners that the full year cost to the Exchequer, estimated by reference to 2014...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (15 Oct 2013)

Michael Noonan: The criteria relating to the engine size of a vehicle and the relief available for vehicles which qualify under the Disabled Drivers Passenger Scheme have been in place since 1989. The purpose of the scheme was to provide for ways in which people with a physical disability could become more mobile; it is felt that the present limit of 2000cc is sufficient to allow for an extensive choice of...

Written Answers — Department of Finance: European Banking Authority (15 Oct 2013)

Michael Noonan: The Central Bank of Ireland has informed me that discussions in relation to the parameters for the forthcoming European Banking Authority (EBA) stress tests are ongoing. As much of the detail is still not yet finalised it would be premature to speculate on the outcome at this stage.

Written Answers — Department of Finance: Income Data (15 Oct 2013)

Michael Noonan: Aggregate level data on household and corporate net worth are published by the Central Bank in the Quarterly Financial Accounts. I am informed by the Central Statistics Office (CSO) that its institutional sector accounts do not give an indication of the number of households or persons classified by the categories of wealth they hold. These statistics are based on aggregate information...

Written Answers — Department of Finance: Tax Code (15 Oct 2013)

Michael Noonan: The position is that section 187 of the Taxes Consolidation Act 1997, which provided for tax exemption limits for married and single persons under 65 years of age, ceased to have effect from 1 January 2008. The following are the current tax bands:- - Single or widowed person - €32,800 at 20%, balance at 41%. - Married couple with one income source - €41,800 at 20%, balance...