Results 15,001-15,020 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Regulatory Impact Assessment Submissions (17 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection of tobacco products tax, that Revenue will be represented on the Standardised/Plain Packaging High Level Implementation Group, which has been established by the Department of Health to oversee the introduction of plain packaging for tobacco products. Revenue will have the opportunity in this Group to set out...

Written Answers — Department of Finance: Budget 2014 Issues (17 Jul 2013)

Michael Noonan: As the Deputy will be aware, the Budget 2014 will be announced in October of this year, some two months earlier than in previous years. While all taxes and potential taxation options are constantly reviewed, it is a long-standing practice of the Minister for Finance not to comment specifically, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. A...

Written Answers — Department of Finance: Tax Yield (17 Jul 2013)

Michael Noonan: It is assumed that the Deputy is referring to the introduction of a third rate of income tax of either 42%, 43%, 44%, 45%, 46% or 47 % to be applied on the portion of taxable incomes in excess of €100,000 per annum. In addition, it is assumed that the threshold for the proposed new income tax rates mentioned by the Deputy would not alter the existing standard rate band structure...

Written Answers — Department of Finance: Universal Social Charge Yield (17 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, from extending the additional universal social charge by either 1%, 2%, 3%, 4%, 5% or 6% to all PAYE income earners income in excess of €100,000 would be of the order of €24 million, €47 million, €71 million, €95 million, €118 million and...

Written Answers — Department of Finance: Banking Sector Issues (17 Jul 2013)

Michael Noonan: As I stated in response to a number of previous PQs a way forward for Permanent TSB was agreed with the Troika in April 2012 which envisaged it playing an important role in the future of Irish retail banking, being a more focused retail bank bringing an element of competition to the marketplace which has consolidated significantly since 2008. In this regard Permanent TSB submitted a...

Written Answers — Department of Finance: Banking Sector Issues (17 Jul 2013)

Michael Noonan: As the Deputy will be aware, notwithstanding the fact that the State is a significant shareholder in Permanent TSB, that institution is run on a commercial basis and I do not have a role in the day to day commercial decisions taken by the board and management of Permanent TSB, including in respect of the employment of external consultants and advisors. Separately, I am informed by Permanent...

Written Answers — Department of Finance: Departmental Staff Rehiring (17 Jul 2013)

Michael Noonan: In my Department no retired civil or public servant has been retained on a short term contract or a consultancy basis where normal abatement rules do not apply.

Written Answers — Department of Finance: Haddington Road Agreement Savings (17 Jul 2013)

Michael Noonan: Agreement will facilitate a reduction of €1 billion in the Public Service pay and pensions bill by 2016. In relation to my own Department, the savings arising under the Agreement have been incorporated in the Department’s Revised Estimate for 2013 and further details for 2014 and 2015 will be incorporated in the vote allocations in the context of the overall Estimates process....

Written Answers — Department of Finance: Banking Sector Issues (17 Jul 2013)

Michael Noonan: I believe it is important to clarify that while the Department of Finance was aware that there were recordings of phone conversations in Anglo Irish Bank to the best of my knowledge the content of the specific tapes referred to was never raised with the Department. The Central Bank was also aware of phone recordings in the bank but I have been advised by the Central Bank that it was not aware...

Written Answers — Department of Finance: Ministerial Transport (17 Jul 2013)

Michael Noonan: In response to the Deputy’s Question as an from 1 May 2011 all Cabinet Ministers with the exception of the Taoiseach, the Tánaiste and the Minister for Justice and Equality now use their own cars on official business. Prior to this date transport for Ministers was provided via the Department of Justice and Equality. The annual estimated costs as per the Department of Justice and...

Written Answers — Department of Finance: EU Directives (17 Jul 2013)

Michael Noonan: As an independent body, the central bank does not provide me with detailed reports on their consultations with industry on any matter and I do not oversee these processes. However, I would draw to your attention that MiFID II is not yet agreed and therefore any consultations the Central Bank might have on matters placed within their discretion by MiFID II, when agreed, have not taken place. I...

Written Answers — Department of Finance: Fuel Laundering (17 Jul 2013)

Michael Noonan: The laundering of marked diesel and the distribution and sale of laundered fuel poses a serious threat to tax yield and to legitimate businesses. As part of the strategy to combat these illegal activities, all traders who deal in, or deliver, marked diesel or marked kerosene have, since 1 October 2012, been required to hold a marked fuel trader’s licence. This is an annual licence and...

Leaders' Questions (16 Jul 2013)

Michael Noonan: He did not ask any question.

Leaders' Questions (16 Jul 2013)

Michael Noonan: How did the Deputy know the reply when he wrote that?

Written Answers — Department of Finance: Household Charge Collection (16 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that in accordance with section 156 of the Finance (Local Property Tax) Act 2012 (as amended), where the Household Charge for 2012 has not been paid by 1 July 2013 the arrears amount is increased to €200 of Local Property Tax. The arrears amount will be included as part of the LPT liability in respect of the property and will be collected by...

Written Answers — Department of Finance: Tax Credits (16 Jul 2013)

Michael Noonan: The position is that where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes and, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples....

Written Answers — Department of Finance: Tax Reliefs Application (16 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 179, 256, 257, 278 and 282 together. Income tax relief in respect of health expenses is allowable in accordance with section 469 of the Taxes Consolidation Act 1997. This legislation provides for tax relief for health expenses incurred in the provision of health care. Health care is defined for the purposes of that legislation as the prevention, diagnosis,...

Written Answers — Department of Finance: Living City Initiative (16 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 180 and 181 together. The Finance Act 2013 includes a section on the Living City Initiative which introduces a scheme of tax incentives focusing on the regeneration of the historic centres of some of our main cities. The scheme which will be introduced by Ministerial order, will apply in the first instance on a pilot basis only to specified regeneration...

Written Answers — Department of Finance: Money Laundering (16 Jul 2013)

Michael Noonan: European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 was enacted in July...

Written Answers — Department of Finance: EU Budget Contribution (16 Jul 2013)

Michael Noonan: Ireland’s contribution to the EU budget is an obligation of EU membership and is a charge on the Central Fund under national legislation. The contribution formula for the EU budget is comprised of Traditional Own Resources – principally customs duties collected by member States on behalf of the EU; a VAT based payment; a residual balancing component paid according to each member...