Results 14,821-14,840 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Availability (18 Sep 2013)

Michael Noonan: A blind person who maintains a trained guide dog is allowed a sum of €825 per year in computing the gross eligible health expenses. This is the equivalent of a tax credit of €165 and is only available in respect of fully trained guide dogs. The qualification criteria for granting this additional relief is that the individual must be entitled to the Blind Person’s...

Written Answers — Department of Finance: Property Taxation Application (18 Sep 2013)

Michael Noonan: For Local Property Tax (LPT) purposes a residential property is defined as any building or structure or part of a building which is used as, or is suitable for use as, a dwelling. The Deputy states that the property is currently being used as a dwelling and therefore it would be subject to LPT unless an exemption can be claimed for another reason. Information on LPT exemptions is available...

Written Answers — Department of Finance: Credit Unions Issues (18 Sep 2013)

Michael Noonan: I have been informed by the Central Bank of Ireland that from the 13 January 2012 to 26 April 2013 a total of €1,252,142 (including VAT) has been approved by the High Court for payment to the Special Manager in Newbridge Credit Union. The rates payable to the Special Manager are set by the High Court and the actual fees are approved by the High Court after provision of supporting...

Written Answers — Department of Finance: Departmental Bodies (18 Sep 2013)

Michael Noonan: In line with Government policy, it has been decided to amalgamate the Office of the Pensions Ombudsman and the Office of the Financial Services Ombudsman. Primary legislation will be required to effect this amalgamation. Both the Department of Social Protection and my Department will be involved in the preparatory work and in the drafting of the necessary legislation. A Steering Group...

Written Answers — Department of Finance: Excise Duties Issues (18 Sep 2013)

Michael Noonan: This question relates to potential Budgetary measures. It is the usual practice for the Minister for Finance not to speculate or comment in advance of the Budget on what it will contain and I do not propose to deviate from that practice.

Written Answers — Department of Finance: Tax Agreements (18 Sep 2013)

Michael Noonan: I am informed by the Revenue Commissioners for reasons of taxpayer confidentiality that they are unable to comment on the circumstances relating to an individual taxpayer. However, in general, bilateral double taxation agreements allocate taxing rights between two countries in order to ensure that income is not subject to double taxation. Tax treaties generally contain a mutual agreement...

Written Answers — Department of Finance: Property Taxation Administration (18 Sep 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the Local Property Tax (LPT) liability crystallises on the sale of a residential property and must be paid in full either in advance of the sale or must be deducted from the proceeds of the sale. This includes any LPT that has been deferred by the liable person. In addition, any outstanding LPT Returns must also be submitted to Revenue. The...

Written Answers — Department of Finance: European Council Meetings (18 Sep 2013)

Michael Noonan: The Ecofin Council met on 9th July 2013; it was the first Ecofin meeting held under the Lithuanian Presidency of the Council. The meeting was attended by representatives of all 28 EU Member States, representatives of the Commission and the European Central Bank, the European Investment Bank (EIB), the Economic and Financial Committee and the Economic Policy Committee. The following issues...

Written Answers — Department of Finance: European Council Meetings (18 Sep 2013)

Michael Noonan: Under the Lithuanian Presidency, an Informal meeting of the Ecofin Council took place in Vilnius on 13-14 September 2013. Minister of State Brian Hayes deputised for me at the meeting. The meeting was attended by representatives from the Finance Ministries and Central Banks of all 28 EU Member States, representatives of the Commission and the European Central Bank, the European Investment...

Written Answers — Department of Finance: Pension Provisions (18 Sep 2013)

Michael Noonan: The 0.6% pension fund levy which applies to the value of assets under management in pension funds and pension plans approved under Irish tax legislation and which is being used to fund the Government's Jobs Initiative introduced in 2011 will operate for 4 years. I have no plans to refund the levy as outlined in the Deputy's question.

Written Answers — Department of Finance: Departmental Advertising Expenditure (18 Sep 2013)

Michael Noonan: The table sets out the total spend by my Department on public advertisements in national and local print media, radio and television for the past five years to date in 2013. Year Advertising Costs 2013 €140,499.69 2012 €179,569.51 2011 €437,992.01 2010 €40,230.90 2009 €76,776.41 Much of my Department’s media expenditure is concerned with...

Written Answers — Department of Finance: Ministerial Appointments (18 Sep 2013)

Michael Noonan: I propose to take Questions Nos. 188 to 190, inclusive, together. The information requested by the Deputy is contained in the following table: Name of Body Statutory provision for making appointments Annual allowance or other payments paid to chairperson / annual allowance or other payment made to ordinary member Current vacancies to be filled by ministerial appointment / vacancy is...

Written Answers — Department of Finance: Crime Prevention (18 Sep 2013)

Michael Noonan: I can inform the Deputy that the State owned financial institutions have provided me with the following information with regard to the measures that they are taking to combat ATM fraud. AIB All AIB issued Debit and Credit cards are monitored 24/7 for potential fraudulent spend. AIB utilises industry leading fraud monitoring software that learns cardholder behaviour and provides a...

Written Answers — Department of Finance: Credit Unions Restructuring (18 Sep 2013)

Michael Noonan: The Credit Union Restructuring Board (ReBo) is a body corporate established by statute on 1 January 2013 in accordance with the Credit Union and Co-operation with Overseas Regulators Act 2012. The establishment of a restructuring board was a core recommendation of the Report of the Commission on Credit Unions which was agreed with all credit union stakeholders. The role of ReBo is to...

Written Answers — Department of Finance: VAT Rates Reductions (18 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: Vehicle Registration Issues (18 Sep 2013)

Michael Noonan: Ireland does not pay any penalties in respect of EU regulation to abolish vehicle registration tax. The legislation in relation to vehicle registration tax is compatible with the provisions of the Treaty on European Union and the Treaty on the Functioning of the European Union.Vehicle registration tax is a feature of the tax system in 18 other Member States of the European Union. The net...

Written Answers — Department of Finance: Excise Duties Issues (18 Sep 2013)

Michael Noonan: The issue of excise rates on alcohol will be considered in the context of the forthcoming Budget. General policy in the area of pricing is a matter for the Department of Enterprise, Jobs and Innovation. However, with regard to the VAT treatment of below cost selling, VAT is a tax on the value added to a supply, and the collection and recovery of VAT takes place at each stage of the...

Written Answers — Department of Finance: Pension Provisions (18 Sep 2013)

Michael Noonan: As the Deputy will be aware the pension arrangements for the staff of Permanent TSB are a matter for the management of that company and for the trustees of the relevant pension schemes. It would not be appropriate for me to comment on the implications for an individual arising out of any restructuring by Permanent TSB of its defined benefit pension schemes.

Written Answers — Department of Finance: IBRC Mortgage Loan Book (18 Sep 2013)

Michael Noonan: I am advised that the Special Liquidators of IBRC are maintaining contact with its mortgage holders and with the Central Bank (as part of its overall Mortgage Arrears Resolution Strategy (MARS) process) with a view to appropriately dealing with INBS mortgage holders in arrears on their mortgage. The Special Liquidators also confirm that the residential mortgage customers of IBRC (in...

Written Answers — Department of Finance: Tax Code (18 Sep 2013)

Michael Noonan: The Capital Acquisitions Tax (CAT) code includes gift tax, inheritance tax and discretionary trust tax. The tax is charged on the amount gifted to, or inherited by, the donee (the person receiving the gift/inheritance). There is a tax-free threshold (referred to as a ‘group threshold’), based on the relationship between the disponer (the person making the gift/leaving the...