Results 14,641-14,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Clearance Certificates (1 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that a Tax Clearance Certificate issued for the company (details supplied) on 29/08/2013.

Written Answers — Department of Finance: Central Bank of Ireland Issues (1 Oct 2013)

Michael Noonan: As Minister for Finance, I have no function in the recruitment of staff in the Central Bank. I have been informed by the Central Bank that their policy is to recruit resources as required to satisfy their business needs, and the recruitment policy for the Central Bank's printing works is no exception to this. Furthermore, I have been advised by the Central Bank that all of the vacancies...

Written Answers — Department of Finance: Property Taxation Yield (1 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that compliance data for Local Property Tax (LPT) are only available broken down by city and county councils nationally and the most up to date figures available are published on the Revenue website at . More up-to-date data will be published in due course. The Commissioners further advise it is not possible to state at this point the precise...

Written Answers — Department of Finance: Banking Sector Issues (1 Oct 2013)

Michael Noonan: The Central Bank of Ireland has advised me that it cannot comment on specific issues with regard to a regulated financial institution. However, the Central Bank has informed me that all lenders are required to comply with the requirements of the statutory Code of Conduct on Mortgage Arrears (CCMA). The CCMA applies to the mortgage lending activities of all regulated entities, except credit...

Written Answers — Department of Finance: Official Languages Act 2003 Compliance (1 Oct 2013)

Michael Noonan: In response to the question from the Deputy, my Department has signage in all its buildings in both the Irish and English language. This applies to both internal and external signs. A review of our signage was recently performed by An Coimisinéir Teanga and we await the results and recommendations of that review. There are no schools or third level institutions within the remit of my...

Written Answers — Department of Finance: Legislative Process (1 Oct 2013)

Michael Noonan: Unfortunately the information requested by the Deputy could not be collated, by my Department, in the time available. My Department will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Insurance Industry Issues (1 Oct 2013)

Michael Noonan: At the outset, the Deputy should note that in my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation, including insurance. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. I have...

Written Answers — Department of Finance: EU Directives (1 Oct 2013)

Michael Noonan: In response to the Deputy’s question there has been full compliance by my Department with European Union directives with the exception of the Financial Conglomerates Directive (FICOD) which was due for transposition on the 10th June 2013. There are currently no fines resulting from non-compliance and any potential fines resulting from non-compliance with the Financial Conglomerates...

Written Answers — Department of Finance: Universal Social Charge Yield (1 Oct 2013)

Michael Noonan: The position is that in Budget 2013, I announced that that the reduced rates of USC for those aged 70 years and over, as well as for medical card holders, with an income in excess of €60,000 would be discontinued from 1 January 2013. This measure was estimated to yield €25 million in 2013 and €38 million in a full year. I am informed by the Revenue Commissioners that...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: In Budget 2013, I announced that Top Slicing Relief would no longer be available from 1 January 2013 in respect of ex-gratia lump sums paid on retirement from, or termination of, an office or employment, where the non-statutory payment was €200,000 or over. This measure was estimated to yield €10 million in a full year. However, as the relief is only granted by Revenue in...

Written Answers — Department of Finance: Film Industry Tax Reliefs (1 Oct 2013)

Michael Noonan: In Budget 2013 I announced a number of changes to the existing scheme for film relief which was contained in Section 481 of the Consolidated Taxes Act 1997. The legal provisions required to enact those changes were contained in Finance Act 2013. Those changes will take effect from 1 January 2016. The changes to Section 481, which were enacted in response to a comprehensive review and cost...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: Budget 2013 provided for increasing the rate of capital gains tax from 30% to 33% for disposals made after 5 December 2012. This was implemented by way of Financial Resolution on Budget Night and was subsequently provided for in Finance Act 2013. The change was estimated to yield €50 million in 2013. However, I am informed by the Revenue Commissioners that figures of capital gains tax...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: Budget 2013 provided for increasing the rate of capital acquistions tax from 30% to 33% for gifts or inheritances taken after 5 December 2012. This was implemented by way of Financial Resolution on Budget Night and was subsequently provided for in Finance Act 2013. The change referred to was estimated to yield €20 million in 2013. However, I am informed by the Revenue Commissioners...

Written Answers — Department of Finance: Tax Yield (1 Oct 2013)

Michael Noonan: Budget 2013 provided for reducing the capital acquisitions tax group tax free thresholds by 10% for gifts or inheritances taken after 5 December 2012. This was implemented by way of Financial Resolution on Budget Night and was subsequently provided for in Finance Act 2013. The change was estimated to yield €10 million in 2013. However, I am informed by the Revenue Commissioners that...

Written Answers — Department of Finance: Tax Code (1 Oct 2013)

Michael Noonan: In my Budget 2013 speech, I announced that changes to give effect to the commitment in the Programme for Government to cap taxpayers’ subsidies for pension schemes which deliver pension income of more than €60,000 will be put in place in 2014. An examination of the various options for change, including possible changes to the Standard Fund Threshold (SFT) regime, is continuing....

Written Answers — Department of Finance: Tax Code (1 Oct 2013)

Michael Noonan: In computing trading profits chargeable to corporation tax at the 12.5% rate, companies are allowed to deduct costs incurred on membership fees for voluntary trade associations for businesses, where membership is wholly and exclusively for the purpose of their trade. Statistical information on the amounts paid on membership fees for voluntary trade associations is not separately identified...

Written Answers — Department of Finance: Budget Submissions (1 Oct 2013)

Michael Noonan: My Department has so far received in excess of 450 Pre-Budget Submissions from a wide range of groups and individuals. These are being considered by the relevant officials in the context of Budget and Finance Bill preparation. I can confirm that a submission from the Irish Congress of Trade Unions has been received. I would also advise the Deputy that I recently met with Congress in the...

Written Answers — Department of Finance: Excise Duties Issues (1 Oct 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the breakdown in excise returns by category and by month from January 2012 to August 2013, the latest date for which information is available, is as follows. 2012 Alcohol Tobacco Oils Carbon VRT Other Excise JAN 87.8 1 223.8 16.8 47.7 8.5 FEB 35.6 52.8 166.7 41.3 62.9 4.1 MAR 50.6 55.8 176.7 24.5 56.1 4 APR 64.7 70.8 166.8 34.2 44.5 9...

Written Answers — Department of Finance: IBRC Liquidation (1 Oct 2013)

Michael Noonan: Section 224 of the Companies Act, 1963, as it applies in modified form to the liquidation of IBRC pursuant to Section 10 of the IBRC Act, requires the directors of IBRC, unless “the Minister thinks it fit to order otherwise and so orders”, to prepare a Statement of Affairs in respect of IBRC (a “Statement of Affairs”) within 21 days of the date of the liquidation...

Written Answers — Department of Finance: Tax Collection Forecasts (1 Oct 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield to the Exchequer, in terms of the estimated outturn in 2013 from Stamp Duty on residential property, if the 1% rate of Stamp Duty on considerations of over €500,000 was increased to 2% would be €8.7 million; and if the 2% rate of Stamp Duty on considerations in excess of €1 million was increased to 4%...