Results 14,941-14,960 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Exchequer Revenue (18 Jul 2013)

Michael Noonan: Unfortunately, it was not possible to collate the information required for this answer in the time allowed. I will provide the Deputy with the answer in writing shortly.

Written Answers — Department of Finance: Ministerial Staff (18 Jul 2013)

Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011, the following staff have been appointed to my private office: GRADE SALARY SCALE (per annum) Wholetime Equivalent 1 Private Secretary €29,922 - €56,465 1.00 2 Executive Officers (EO) €29,024 - €47,379 1.00 1 Clerical Officer (CO) €23,177- €37,341 1.00 2 Clerical Officers (CO)...

Written Answers — Department of Finance: Exchequer Savings (18 Jul 2013)

Michael Noonan: In my Department, I have appointed Mary Kenny and Eoin Dorgan as special advisors. Their salaries are outlined below. Name Salary at 30 June 2013 Salary from 1 July 2013 (post implementation of the Haddington Road Agreement) Mary Kenny €89,898 €84,706 Eoin Dorgan €86,604 €81,676 The payscales for Principal are outlined below: Date - 1 2 3 4 5 6 7...

Written Answers — Department of Finance: Money Laundering (18 Jul 2013)

Michael Noonan: Officials of my Department are continuing to explore with the National Treasury Management Agency (NTMA) whether or not exemptions available under the Third Money Laundering Directive (2005/60/EC) and its Implementing Directive (2006/70/EC) may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company.

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: It should be noted that relief for qualifying dental insurance policies is allowed as part of the general relief for medical insurance since 2004 and is not identified separately for statistical purposes. On that basis, I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed through the tax relief at source (TRS) system for medical insurance premia in...

Written Answers — Department of Finance: Tax Reliefs Cost (18 Jul 2013)

Michael Noonan: Section 473 of the Taxes Consolidation Act, 1997 provides tax relief at the standard rate to individuals who pay for private rented accommodation that is used as their sole or main residence. The level of rent qualifying for rent relief depends on an individual’s marital status and age. In Budget 2011, it was announced that rent relief was being withdrawn on a phased basis. No new...

Written Answers — Department of Finance: Tax Exemptions (18 Jul 2013)

Michael Noonan: It is assumed that the imposition of a cap of €30,000 would have the effect of withdrawing the tax exemption from all qualifying income in excess of €30,000. The full year yield to the Exchequer, estimated by reference to the tax year 2010, the latest year for which the necessary detailed information is available, is approximately €1.3 million. However, this figure does...

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer of income tax relief for medical expenses is €127 million in respect of the income tax year 2010, the latest year for which the relevant information is available. On this basis, the full year yield to the Exchequer of abolishing this relief would be of the same order.

Written Answers — Department of Finance: Tax Exemptions (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of reducing the age exemption limit in the manner mentioned by the Deputy would be of the order of €24 million. It should be noted that, if the age exemption limit for single individuals was reduced in the manner as set out in the question, it would...

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer of income tax relief for expenditure on significant buildings and gardens is €3.9 million in respect of the income tax year 2010, the latest year for which all the relevant information is available. In Finance Act 2010 however, the relief available to passive investors under the scheme was...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €80,000 is set out in the table below: Rate increase Full Year Yield From PAYE Income Earners earning in excess...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €90,000 is set out in the table below: Rate increase Full Year Yield From PAYE Income Earners earning in excess...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €100,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €120,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €150,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €200,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I assume that the Deputy is referring to the current annual earnings cap of €115,000 which operates to limit the level of tax-relieved personal pension contributions in any one year. The annual earnings cap acts, in conjunction with age-related percentage limits of annual earnings, to put a ceiling on the annual amount of tax relief an individual taxpayer can obtain on pension...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated additional yield to the Exchequer from increasing the Deposit Interest Retention Tax (DIRT) rate from 33% by 2% to 35% would be of the order of €35 million in a full year. This projection assumes no significant behavioural change by depositors or a change in interest rates applied by financial institutions to savings. It...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield to the Exchequer, estimated in terms of expected 2013 gains, from increasing the CGT tax rate from 33% to 35% could be in the region of €31 million. This figure includes corporate gains. However, this estimate assumes no behavioural changes on the part of taxpayers, and increases in rates may have a significant...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer from increasing the Capital Acquisitions Tax rate by 2% to 35 %, based on the expected outturn in 2013, could be in the region of €18 million, assuming no change in the existing thresholds. This estimate is provisional and subject to revision. It should be noted that this estimate is based...