Results 14,761-14,780 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Customs and Excise Controls (24 Sep 2013)

Michael Noonan: I am informed by the Revenue Commissioners that they are very conscious of the threat that the illegal importation of cigarettes poses to the Exchequer and to legitimate business and they have adopted a comprehensive strategy to tackle the problem throughout the country as well as in the border counties. Intensified targeting, in co-operation with other law enforcement agencies on both sides...

Written Answers — Department of Finance: Tax Collection (24 Sep 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 businesses in meeting their tax obligations in a timely manner. Its debt collection caseworkers will always seek to work...

Written Answers — Department of Finance: Maternity Benefit Issues (24 Sep 2013)

Michael Noonan: The position is, as I have stated on many occasions in the House, that since the 1st of July 2013, Maternity Benefit is treated as taxable income. The underpinning legislation for this measure was contained in the Finance Act 2013, which was passed by the Oireachtas and signed in to law on 27 March 2013. It is a general principle of taxation that, as far as possible, income from all...

Written Answers — Department of Finance: Budget 2014 Issues (24 Sep 2013)

Michael Noonan: As the Deputy will be aware, the Programme for Government does contain 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...

Written Answers — Department of Finance: Fuel Rebate Scheme (19 Sep 2013)

Michael Noonan: Section 99A of the Finance Act 1999, provides for the repayment to qualifying road transport operators of part of the mineral oil tax paid on the auto-diesel purchased by them for use in the course of business. This relief will apply to purchases made on or after 1st July 2013. I am informed by the Revenue Commissioners, who have responsibility for the operation of the scheme, that...

Written Answers — Department of Finance: Haddington Road Agreement Issues (19 Sep 2013)

Michael Noonan: I have been informed by the Central Bank that it is participating in an Internal Tribunal process which was convened as part of the process to reach a collective agreement with Unite on behalf of professional and administrative staff. As the Tribunal Process is ongoing, it is not possible to say anything further on this matter at this time.

Written Answers — Department of Finance: Property Taxation Collection (19 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the most up to date Local Property Tax (LPT) figures available for County Kerry and all other local authorities are published on the their website at: . More up-to-date data will be published in due course. The Commissioners further advise that it is not possible to state the precise amount of LPT which is expected to be collected for 2013 or...

Written Answers — Department of Finance: IBRC Loans (19 Sep 2013)

Michael Noonan: I propose to take Questions Nos. 50 to 53, inclusive, together. Credit decisions, such as the rollover of debt obligations, are a commercial matter for the Special Liquidators of IBRC and neither I nor my officials have any role in those decisions. I am advised by the Special Liquidators that there has been no rollover of debts for periods greater than 12 months since the liquidation of the...

Written Answers — Department of Finance: Bank Liquidation Issues (19 Sep 2013)

Michael Noonan: Decisions around the advance of working capital are a commercial matter for the Special Liquidators of IBRC and neither I nor my officials have any role in those decisions. I am advised by the Special Liquidators that they are unable to provide this information as they believe it to be commercially sensitive. However the Special Liquidators have confirmed that working capital is only advanced...

Written Answers — Department of Finance: VAT Rates Reductions (19 Sep 2013)

Michael Noonan: The 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. The measure was estimated to cost €120 million in 2011, €350 million in 2012, €350 million in 2013, and €60 million in 2014. As the rate was introduced for a...

Written Answers — Department of Finance: VAT Rates Reductions (19 Sep 2013)

Michael Noonan: The 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. In line with best international practice it was introduced as a temporary measure and is due to expire at end December 2013, at which point it will revert to 13.5%. Retaining the 9%...

Written Answers — Department of Finance: VAT Rates Application (19 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that under the EU VAT Directive (Council Directive 2006/112/EC), VAT on taxable sales of property must be applied to the full consideration. Specifically, Article 73 of the Directive provides that the taxable amount shall include everything which constitutes consideration obtained or to be obtained by the supplier, in return for the supply. Irish VAT...

Written Answers — Department of Finance: Banks Recapitalisation (19 Sep 2013)

Michael Noonan: In early 2011, as part of the agreement with the External Partners, the Central Bank commissioned a detailed and data-driven evaluation of the possible loan losses that would be incurred by the banks in a severe, but not utterly implausible, stress scenario. All the loan books were examined, including the residential mortgage books in Ireland and the UK, taking into account projections in...

Written Answers — Department of Finance: Tax Reliefs Availability (19 Sep 2013)

Michael Noonan: I assume that the Deputy’s question relates to Capital Acquisitions Tax (CAT) agricultural relief. 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, are being considered in this relief or any other tax relief. I will, however, bear in mind the Deputy’s concerns in this matter.

Written Answers — Department of Finance: Carbon Tax Collection (19 Sep 2013)

Michael Noonan: Under the Finance Act 2010, solid fuel carbon tax is charged on all solid fuels supplied in the State, regardless of whether the fuel products are Irish made or imported. The tax is an excise duty and, as with most other excise duties, the liability arises at the earliest point in the supply chain following importation or manufacture in the State. Suppliers, whether importers or...

Written Answers — Department of Finance: Tax Exemptions (19 Sep 2013)

Michael Noonan: Section 235 of the Taxes Consolidation Act 1997 provides an exemption from tax for sporting bodies. Two categories of sporting bodies are covered by the exemption: - Bodies established, and existing for, the sole purpose of promoting an athletic game or an athletic sport, and - Bodies established, and existing for, the sole purpose of promoting an amateur game or an amateur sport. ...

Written Answers — Department of Finance: Tax Code (19 Sep 2013)

Michael Noonan: The 9% reduced VAT rate for tourism related services and the halving of the Lower Rate of Class A Employer PRSI from 8.5% to 4.25% were both introduced in July 2011 as part of the Government Jobs Initiative. These measures were introduced as temporary measures and are due to revert to their original levels at end December 2013. The tourism sector and the numbers employed in the sector have...

Mortgage Arrears: Motion [Private Members] (18 Sep 2013)

Michael Noonan: I move amendment No.a1:To delete all words after “Dáil Éireann” and substitute the following:“acknowledges that this Government inherited a severe mortgage arrears crisis from the previous Government; accepts that the mortgage problem is a significant economic and social challenge for the State and that the Government is aware of the significant difficulties...

Proposed Approval by Dáil Éireann of Taxation Agreements: Motion (18 Sep 2013)

Michael Noonan: I move:That the proposal that Dáil Éireann approves the following Orders in draft: (i) Double Taxation Relief (Taxes on Income and Capital Gains) (Ukraine) Order 2013, and (ii) Exchange of Information Relating to Taxes and Tax Matters (Dominica) Order 2013, copies of which have been laid in draft form before Dáil Éireann on 12th September, 2013, be referred to the...

Topical Issue Debate: Credit Unions Issues (18 Sep 2013)

Michael Noonan: There is always a difficulty in giving information on financial institutions under pressure. Everyone in the community in south Kildare knows that there was a significant movement of deposits out of Newbridge Credit Union during the summer and extra information would have fuelled it further. I want to reassure people that there is no risk to anyone's money in Newbridge Credit Union. The...