Results 18,801-18,820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation (18 Dec 2012)

Michael Noonan: I propose to take Questions Nos. 183 and 186 together. Under the Finance (Local Property Tax) Bill 2012, unpaid Local Property Tax together with any accrued interest will be a charge on the property to which it relates. The Bill does not confer any preferential creditor status on the Revenue Commissioners other than that which they would have in the normal course of events. The usual rule...

Written Answers — Department of Finance: Tax Code (18 Dec 2012)

Michael Noonan: I wish to advise the deputy that, under the terms of the double taxation agreement (DTA) between Ireland and the United States, the rules provide that one or other of the countries has exclusive rights to tax pensions. Broadly, private (i.e. non-government service) occupational pensions are taxable only in the country of residence of the pensioner. Government pensions are generally taxable...

Written Answers — Department of Finance: Property Taxation (18 Dec 2012)

Michael Noonan: The yield from the local property tax is estimated to be €250m in 2013 (half year charge) and €500 m in a full year. This projected yield takes into account deferrals by those for whom provision has been made. As I announced in the Budget, any arrears of Household Charge remaining unpaid at 1 July 2013 will be increased to €200 and added to Local Property Tax due on the...

Written Answers — Department of Finance: Universal Social Charge (18 Dec 2012)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of a 3 percentage point increase in the rate of Universal Social Charge (USC) applying to the incomes of all income earners exceeding €70,000 but not exceeding €120,000 would be of the order of €41 million. If the increased rate is also assumed to apply to income...

Written Answers — Department of Finance: Tax Code (18 Dec 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the information requested regarding a 1% levy on each unit of alcohol is not available. EU Directive 92/83, which governs the structure of alcohol taxation, requires that such taxes are applied by reference to the nature and strength of the product. Therefore, it does not allow for the introduction of such a levy.

Written Answers — Department of Finance: National Asset Management Agency (18 Dec 2012)

Michael Noonan: As the Deputy is aware NAMA has acquired loans from five Irish financial institutions and is not the owner/operator of properties. The Agency’s role is that of a secured lender. Other than properties that have been enforced, all of which are listed on NAMA’s website and which are managed by the appointed receivers/administrators, properties continue to be managed by their...

Written Answers — Department of Finance: Revenue Commissioners Investigations (18 Dec 2012)

Michael Noonan: The Deputy will be aware that the level of a person’s annual income is one of the criteria that is taken into account in the means assessment process. I am advised by the Revenue Commissioners that they have been examining the feasibility of putting in place arrangements for verifying the annual income details of individuals electronically in the context of a means assessment. Such...

Written Answers — Department of Finance: Universal Social Charge (18 Dec 2012)

Michael Noonan: The position is that, in order to ensure equity between all citizens based on their level of income, the reduced rate of Universal Social Charge (USC) will be discontinued from the 1 January 2013, and the standard rates of USC will apply to the following two groups: those aged 70 years and over with incomes of €60,000 and above; medical card holders with incomes of €60,000 and...

Written Answers — Department of Finance: Mortgage Arrears (18 Dec 2012)

Michael Noonan: I can assure the Deputy that the Government is aware of the significant difficulties some homeowners are facing in meeting their mortgage obligations and it is committed to advancing appropriate measures to assist those mortgage holders who are experiencing genuine difficulty. From an overall public policy perspective, a number of steps have been taken to protect all homeowners experiencing...

Finance (Local Property Tax) Bill 2012: Second Stage (14 Dec 2012)

Michael Noonan: I encourage the Opposition to join the Government in suggesting positive measures that will support job creation and secure the funding for public services. I commend the Bill to the House.

Finance (Local Property Tax) Bill 2012: Second Stage (14 Dec 2012)

Michael Noonan: Part 3, made up of sections 11 and 12, contains the rules regarding liable persons. In general, the liable person will be the person who is the owner of the property. A person with a leasehold interest is liable if the term of the lease can equal or exceed 20 years or where a person has a life interest in the property. In the case of property held under trust, the trustees and...

Finance (Local Property Tax) Bill 2012: Second Stage (14 Dec 2012)

Michael Noonan: I move: "That the Bill be now read a Second Time." The introduction of the local property tax will deliver significant economic and fiscal reform through broadening the revenue base to pay for vital public services in a manner that does not directly impact on employment. It will be fair and progressive, with the owners of the most valuable properties paying the most property tax. The...

Credit Institutions (Stabilisation) Act 2010: Motion (14 Dec 2012)

Michael Noonan: I thank all of the Deputies who contributed to the debate and Deputy Michael McGrath for his support. A key commitment given in the troika support programme was that there would be comprehensive restructuring of the banking system. The Credit Institutions (Stabilisation) Act provides the broad powers needed to act, on financial stability grounds, to effect necessary restructuring actions...

Credit Institutions (Stabilisation) Act 2010: Motion (14 Dec 2012)

Michael Noonan: An early Christmas in Killiney.

Credit Institutions (Stabilisation) Act 2010: Motion (14 Dec 2012)

Michael Noonan: I move:That Dáil Éireann resolves for the purposes of section 69 of the Credit Institutions (Stabilisation) Act 2010, that with effect as on and from the date of this Resolution, in subsection (1) of the said section 69 for the words '31 December 2012' there shall be substituted the words '31 December 2014'."The motion before the House seeks to have the period of effectiveness of...

Order of Business (14 Dec 2012)

Michael Noonan: Fianna Fáil provided the backdrop to the introduction of the property tax.

Order of Business (14 Dec 2012)

Michael Noonan: The Abbey has moved to Cork.

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: I can confirm that, if the Finance (Local Property Tax) Bill 2012 is passed by the Oireachtas, the Household Charge of €100 will cease to be payable with effect from 1 January 2013. The Government has also decided that the Non-Principal Private Residence Charge will cease to be payable with effect from 1 January 2014. Residential properties rented by landlords will be subject to...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: The Finance (Local Property Tax) Bill 2012, as published, provides for exemptions from and deferral of payment of Local Property Tax in certain circumstances. In the case of properties which are owned by a local authority or a social housing body, the local authority or the social housing body, as the case may be, will be the liable person and will be responsible for registration for and...

Written Answers — Department of Finance: Property Taxation (13 Dec 2012)

Michael Noonan: It is not proposed at this point to make amendments to the Finance (Local Property Tax) Bill on Committee Stage but I will give consideration to any constructive suggestions put forward during the debate in the House. As already advised to the Deputy, subject to the enactment of the Bill, in the case of properties which are owned by a social housing body, that body will be the liable person...