Results 14,461-14,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Collection (9 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the Deputy may be referring to Local Property Tax (LPT), where individuals who own more than one property are obliged by law to file and pay their LPT online even if they are not ROS registered. In the context of Government policy on e-Government and e-payments, and Revenue’s strategic objective of establishing the use of electronic...

Written Answers — Department of Finance: Customs and Excise Controls (9 Oct 2013)

Michael Noonan: This is a matter in the first instance for the Revenue Commissioners as the Irish tax and customs administration. I am advised by Revenue that they are not aware of any particular delays associated with the customs clearance of containers from China at any Irish ports or airports. Indeed, I am pleased to say that the clearance regime operated by Revenue conforms to international best...

Written Answers — Department of Finance: Tax Yield (9 Oct 2013)

Michael Noonan: The Deputy may wish to know that this information as well as outturn and profile data on the other main taxation categories are published in the Statistics Databank on the Department of Finance website and is available at; http://databank.finance.gov.ie/ For convenience, the information required follows. - Corporation tax receipts €000 2006 6,683,247 2007 6,390,625 2008...

Written Answers — Department of Finance: Corporation Tax Data (9 Oct 2013)

Michael Noonan: It is assumed the Deputy is referring to the number of companies that filed corporation tax returns for the years outlined who had Net Trading Income (before deductions and charges) in excess of the amounts specified in the question. I am informed by the Revenue Commissioners that the relevant figures are as contained in the Table CTS 1 of the Statistical Reports published annually by the...

Written Answers — Department of Finance: Tax Yield (9 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 66 and 67 together. The Deputy may wish to know that aggregate outturn and profile data on income tax and the other main taxation categories is published in the Statistics Databank on the Department of Finance website and is available at http://databank.finance.gov.ie/ Monthly data on Deposit Interest Retention Tax receipts since 2007 is as follows. Monthly...

Written Answers — Department of Finance: Tax Code (9 Oct 2013)

Michael Noonan: Employees, including those who earn up to €3,174 of other income and who have this amount coded against their income tax credits, pay their income tax through the PAYE system. Any individual with income, and this can include maintenance income, not taxed through the PAYE system must pay their tax through the self-assessment system. While this does include self-employed individuals it...

Written Answers — Department of Finance: Revenue Commissioners Operations (9 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that advance opinions are provided by Revenue to clarify the tax treatment of a proposed transaction or business activity under the relevant legislation so that taxpayers can file a correct tax return and comply fully with their tax obligations. Revenue opinions are non-binding and seek to provide a considered and consistent interpretation of the...

Written Answers — Department of Finance: Non-Resident Companies (9 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 70 to 72, inclusive, together. I am informed by the Revenue Commissioners that Irish registered non-resident companies which do not carry on a trade in Ireland have no liability to Irish corporation tax and have no obligation to file an Irish corporation tax return. Non-resident companies that carry on a trade in Ireland through a branch or agency are...

Written Answers — Department of Finance: Public Expenditure Statistics (9 Oct 2013)

Michael Noonan: My Department is not in a position to provide details of the reduction in numbers as there is no targeted redundancy or early retirement scheme available to staff in my Department. Figures are not yet available for those who may retire on or before 31 August 2014 following the application of pay adjustments and related measures in accordance with the Financial Emergency Measure in the Public...

Leaders' Questions (8 Oct 2013)

Michael Noonan: Deputy Martin's party has had 14 years.

Leaders' Questions (8 Oct 2013)

Michael Noonan: Deputy Martin set up three committees, or was it six committees?

Written Answers — Department of Finance: NAMA Portfolio Issues (8 Oct 2013)

Michael Noonan: NAMA advises me, that as the Deputy will be aware, NAMA has acquired loans and does not own or control properties securing these loans. These properties are controlled by NAMA's debtors or, in the case of enforcement, on their behalf by duly appointed Receivers. NAMA is subject to similar legal requirements as other lenders that preclude it from disclosing details relating to its debtors...

Written Answers — Department of Finance: Pensions Levy Issues (8 Oct 2013)

Michael Noonan: I take it that the question is referring to the stamp duty levy of 0.6% on pension scheme assets that was introduced in 2011 for the four year period up to and including 2014. The levy applies 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. Payment of the levy must be...

Written Answers — Department of Finance: Pensions Levy Yield (8 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that receipts to date from the temporary 0.6% stamp duty levy on pension fund assets introduced in the Finance (No. 2) Act 2011 amounted to €463 million in 2011 and €483 million in 2012. The yield in 2013 to end September was €512 million. The deadline date for payment of the levy for 2013 was 25 September 2013. It is not...

Written Answers — Department of Finance: Revenue Commissioners Powers (8 Oct 2013)

Michael Noonan: Firstly, the Deputy will be aware that the debt collection environment continues to be very challenging for Revenue given the ongoing difficult financial environment. In that regard I am assured that Revenue is very conscious of the challenges that exist for some taxpayers in meeting their tax obligations in a timely manner. Its debt management caseworkers will always seek to work proactively...

Written Answers — Department of Finance: Property Taxation Data (8 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 141 and 142 together. I am advised by the Revenue Commissioners that compliance data for the Local Property Tax (LPT) are compiled on the basis of the numbers of properties, and are broken down by City and County Councils nationally. The most up to date figures, including the percentage of properties for which exemptions and deferrals were claimed, are...

Written Answers — Department of Finance: NAMA Portfolio Issues (8 Oct 2013)

Michael Noonan: NAMA advises me that, as the Deputy will be aware, NAMA has acquired loans and is not the owner of properties. The Agency’s role is that of a secured lender and NAMA is subject to similar legal requirements as other lenders that preclude it from disclosing details relating to its debtors and their properties. NAMA advises that individuals and groups who have an interest in a...

Written Answers — Department of Finance: IBRC Liquidation (8 Oct 2013)

Michael Noonan: I propose to take Questions Nos. 144 to 146, inclusive, together. I have been advised by the Special Liquidators that all contractual arrangements entered into by Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators remain in place and all debts owing to IBRC Limited (in Special Liquidation) remain due and enforceable. The Special Liquidators confirm...

Written Answers — Department of Finance: Tax Reliefs Availability (8 Oct 2013)

Michael Noonan: Preparations for Budget 2014 and the consequent Finance Bill are ongoing. It would not be appropriate for me to comment on what changes, if any, may be introduced in capital gains tax or other taxes. I will, however, bear in mind the Deputy’s suggestion in my preparations for the Budget.

Written Answers — Department of Finance: VAT Payments (8 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that online sales of goods and services to private individuals by Irish-based sellers are liable to Irish VAT and that the seller must account for the VAT on his/her VAT return. However, where an Irish-based supplier sells goods to private customers in other EU Member States, and the value of supplies to a particular Member State exceeds the relevant...