Results 15,641-15,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Exemptions (11 Jun 2013)

Michael Noonan: Companies are chargeable to corporation tax on the profits generated from their economic activities after taking account of allowable deductions and reliefs under the Taxes Consolidation Act 1997 (TCA). Ireland has a transparent corporation tax regime that applies a competitive 12.5% rate on a broad base, with limited provision for reliefs or exemptions. There are certain reliefs available to...

Written Answers — Department of Finance: Tax Code (11 Jun 2013)

Michael Noonan: I assume the Deputy is referring to a gratuitous or ex-gratia lump sum which might be awarded out of company funds to a director on ending employment with a company and not a pension lump sum paid out of the director’s pension fund. In the first instance, ex-gratia payments made by an employer to an employee or office holder at the date of cessation or retirement are not subject to...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (11 Jun 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No: 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. The legislation specifies that...

Written Answers — Department of Finance: Departmental Staff Redeployment (11 Jun 2013)

Michael Noonan: The Revenue Commissioners have advised me that no additional staff have been assigned to audit, investigation and compliance tasks since 2011. The Revenue Commissioners are subject to the Employment Control Framework staffing reductions imposed since 2009. Revenue’s overall staffing levels have reduced from a total of 6,581 full time equivalents (FTE) at the end of 2008, to 5,962...

Written Answers — Department of Finance: Universal Social Charge Application (11 Jun 2013)

Michael Noonan: As the Deputy is aware, the Programme for Government states that as part of our fiscal strategy, the Government will maintain the current rates of income tax together with bands and credits and we will not increase the top marginal rates of taxes on income. It is also a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that...

Written Answers — Department of Finance: Banking Operations (11 Jun 2013)

Michael Noonan: I must point out to the Deputy that the Banks' policies in relation to operational issues are a matter for the management and boards of the institutions. The Minister for Finance has no role in the day-to-day commercial and operational decisions of the banks, which includes this matter. These decisions are taken by the boards and management of the relevant institutions. Notwithstanding the...

Written Answers — Department of Finance: Banking Licence Breaches (11 Jun 2013)

Michael Noonan: I have been informed by the bank that due to data protection rules and customer confidentiality AIB is not in a position to discuss details of individual customer circumstances. Additionally AIB is unable to comment on this matter as there is on-going litigation in relation to the person concerned.

Written Answers — Department of Finance: Tax Code (11 Jun 2013)

Michael Noonan: I assume the Deputy is referring to “Supporting the Development of More Effective Tax Systems”, a report to the G-20 Development Working Group by the IMF, OECD and the World Bank which was published in 2011. As the report was prepared for a G-20 Working Group, the recommendations are, as would be expected, only addressed to G-20 member countries. The report, on page 27,...

Written Answers — Department of Finance: Property Taxation Data (11 Jun 2013)

Michael Noonan: I am advised by the Revenue Commissioners that, as they announced publicly on the night, by 8pm on Wednesday 29th May, 1,539,822 Local Property Tax Returns had been filed. I am further advised that the number is now in excess of 1.55 million.

Written Answers — Department of Finance: Ministerial Correspondence (11 Jun 2013)

Michael Noonan: I would like to advise the Deputy that this letter was published on the Department's website on the 31st May 2013 and can be viewed at the following link: .

Written Answers — Department of Finance: Banking Sector Investigations (11 Jun 2013)

Michael Noonan: Both I and the last Minister for Finance have had access to an Ernst & Young report concerning Irish Nationwide Building Society that was furnished to the Department of Finance. However, I have been advised that given the on-going nature of the investigations by the Authorities, including in particular the investigation being conducted under the Central Bank’s...

Written Answers — Department of Finance: Tax Yield (11 Jun 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the net receipts in each VRT category (new and used) in respect of the years 2009, 2010, 2011 and 2012 are as follows: New 2009 2010 2011 2012 Cars € € € € A1 16,373,166 66,604,753 88,854,953 119,390,303 A2 76,322,051 108,562,065 133,854,115 107,053,328 A3 53,138,901 47,502,223...

Written Answers — Department of Finance: Excise Duties Yield (11 Jun 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the available figures of excise receipts and rates in each Tobacco Products Tax category in respect of the years 2009, 2010, 2011 and 2012 are as follows: - Cigarettes Fine Cut Cigars Other Smoking Total €m €m €m €m €m 2009 1,155.40 46.6 9.6 4.9 1216.5 2010 1,100.90 44.5 9.6 4.6 1159.6 2011 1,056.80...

Written Answers — Department of Finance: Vehicle Registration Issues (11 Jun 2013)

Michael Noonan: I am advised by the Revenue Commissioners that Section 134(3) of the Finance Act 1992 (as amended) and Statutory Instrument No. 353 of 1994 (Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (as amended) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme. This scheme is administered by...

Written Answers — Department of Finance: Tax Exemptions (11 Jun 2013)

Michael Noonan: Current tax legislation contains a range of tax exemptions and reliefs applicable to charitable organisations, which would include religious organisations. These exemptions and reliefs apply, for example, in relation to income tax and corporation tax on trading income and investment income and to capital acquisitions tax, capital gains tax and stamp duty. There are, in addition, a number of...

Written Answers — Department of Finance: Tax Exemptions (11 Jun 2013)

Michael Noonan: Tax relief for charitable donations is provided for in section 848A of the Taxes Consolidation Act 1997. In order to qualify for this relief a charitable trust must be for either: - The relief of poverty; - The advancement of religion; - The advancement of education; or - Other purposes beneficial to the community. In addition, the charity must have been authorised by the Revenue...

Written Answers — Department of Finance: Strategic Investment Bank Establishment (11 Jun 2013)

Michael Noonan: I am aware from media reports that the German Government is in the process of finalising details of a bilateral arrangement with Spain that will enable KfW, the German state-owned development bank, to lend €800 million to the Instituto de Crédito Oficial (ICO), its Spanish counterpart, to provide liquidity and capital for Spanish SMEs. I understand that the idea is that the...

Written Answers — Department of Finance: Excise Duties Yield (11 Jun 2013)

Michael Noonan: I propose to take Questions Nos. 161 and 164 together. The information requested by the Deputy is laid out in the tables below: 2012 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Total Beer 32.3 13.8 19.4 25.9 23.5 30.3 27.9 23.5 26.1 25 27.5 32.8 308 Spirits 32.1 9.5 14.2 18.3 17.7 20.4 19 19.2 18.8 19.4 28.8 46.5 263.9 Wine 19.9 10.5 14.5 17 17.3 17.8 18.2 18 19.9 18.2 24.9 35.3...

Written Answers — Department of Finance: Property Taxation Administration (11 Jun 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Local Property Tax (LPT) Returns, personalised letters and an LPT Guide issued earlier this year to owners of 1.69 million residential properties either by post or by way of their ROS (Revenue Online Service) inbox. The Commissioners have confirmed that at the end of the extended deadline 1,539,822 LPT Returns have been filed. I am further...

Written Answers — Department of Finance: Fuel Rebate Scheme (11 Jun 2013)

Michael Noonan: Provision was made in this year’s Finance Act 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 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 repayment scheme,...