Results 221-240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Code (16 May 2017)

Michael Noonan: Section 195 of the Taxes Consolidation Act 1997 empowers the Revenue Commissioners to make determinations in respect of artistic works in the following categories only: 1. a book or other writing 2. a play 3. a musical composition 4. a painting or other like picture 5. a sculpture Guidelines were drawn up by the Arts Council and the then Minister for Arts, Heritage and the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 May 2017)

Michael Noonan: I wish to inform the Deputy that a reply has issued on the subject.  The substance of the reply is as follows: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), an exemption from motor tax and a grant in respect of fuel, on the purchase of an adapted car for transport of a...

Written Answers — Department of Finance: Revenue Commissioners Staff (16 May 2017)

Michael Noonan: I am advised by Revenue that they are currently advertising a number of posts.  The campaigns which are currently underway are for Principal Officer in Revenue’s Large Cases Division (Dublin), Librarian (Dublin), Executive Officers (Tax, Audit and Compliance) (Nationwide) and Printers for Revenue’s Print Centre in Dublin. Campaigns for Solicitor (Dublin, Cork and...

Written Answers — Department of Finance: Tax Code (16 May 2017)

Michael Noonan: I am not in a position to discuss the structure or tax affairs of individual companies.  In the 2016 Finance Act I introduced the Irish Real Estate Fund (IREF). IREFs are investment undertakings (excluding UCITS) where 25% of the value of that undertaking is made up of Irish real estate assets. IREFs must deduct a 20% withholding tax on certain property distributions to...

Written Answers — Department of Finance: Tax Collection (16 May 2017)

Michael Noonan: I am advised by Revenue that the original, and in the case of 2005 and 2006 the revised, Notices of Assessment for the tax years 2001 to 2006, including the assessment to PRSI, were in accordance with the tax returns submitted on behalf of the person concerned. I am informed that whilst there is a general right to repayment of overpaid taxes, the Taxes Consolidation Act 1997 imposes a...

Written Answers — Department of Finance: Tax Collection (16 May 2017)

Michael Noonan: Revenue publishes the total amount of uncollected tax each year in its annual report. The annual reports for each year are available on the Revenue website at . The published figures include both the overall debt and the amount of debt that is available for collection after amounts under appeal to the Tax Appeals Commission or that are included in statutory insolvency activity are factored...

Written Answers — Department of Finance: Banks Recapitalisation (16 May 2017)

Michael Noonan: In December of last year, following a competitive procurement process, three firms were appointed to act as joint global coordinators to lead a selling syndicate in preparation for a possible AIB IPO. On the 23rd of March this year I further announced the addition of five joint bookrunners and a co-lead manager to the syndicate. The syndicate banks have been appointed until July 2018. This...

Written Answers — Department of Finance: VAT Rate Application (16 May 2017)

Michael Noonan: I am informed by Revenue that it is not possible to provide an estimate of the VAT paid by sunbed premises or the extra revenue that could be generated if the VAT charged was increased to the standard rate. This is because information available to Revenue does not separately identify the yield from individual products or activities such as sunbed premises.

Written Answers — Department of Finance: Tax Data (16 May 2017)

Michael Noonan: I propose to take Questions Nos. 144 to 146, inclusive, together. I am advised by Revenue that the number of persons who availed of the Capital Acquisitions Tax (CAT) Group thresholds A, B and C in each of the years from 2012 to 2016 and the total number of persons whose claims exceeded each threshold are as shown in the tables, which have been forwarded to the Deputy, broken down into...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (16 May 2017)

Michael Noonan: I am advised by Revenue that following a review of the information submitted by the person concerned, the person would appear to be eligible for the Help To Buy scheme.  Revenue has also indicated that have previously been in contact with the person concerned, regarding matters related to the application. When those matters are attended to, Revenue will be able to...

Written Answers — Department of Finance: Primary Medical Certificates (16 May 2017)

Michael Noonan: The Primary Medical Certificate referred to by the Deputy was specifically designed for use in connection with the Disabled Drivers and Disabled Passengers Tax Concessions Scheme.  It was not intended as a general measure of disability as the criteria relate primarily to disabilities of movement arising from the impairment or loss of limbs. With regard to the Deputy’s...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (16 May 2017)

Michael Noonan: I am advised that Revenue are in the process of obtaining details of the specific case from the Deputy. I note that he has a similar question for tomorrow 17 May (PQ23994/17) and I understand that Revenue expect to be able to address the issues raised in today’s question when responding to the latter.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (16 May 2017)

Michael Noonan: I am advised by Revenue that an application was made by the person concerned for admission to the Disabled Drivers and Passengers scheme in respect of a relative with a disability.  The relevant Regulations governing the scheme require that the relative with the disability is living with the applicant and that the applicant is responsible for their care and transportation. In this...

Written Answers — Department of Finance: Revenue Commissioners (16 May 2017)

Michael Noonan: I am advised by Revenue that it operates an appointment service at the Dundalk office to members of the public.   Enhanced online and telephone services has resulted in a reduced demand for the traditional 'walk-in' services to public offices.  The number of personal callers fell by 64% since 2008. I am advised by Revenue that taxpayers are choosing different channels to...

Written Answers — Department of Finance: Tax Collection (16 May 2017)

Michael Noonan: I am advised by Revenue that the increase of €5 per week in the State Contributory Pension for the person concerned resulted in a reduction in the Tax Credits applied to their employment pension of €42 for 2017 and therefore a reduction in their private pension payment of around €3.50 per month. The Revenue Commissioners will contact the person concerned directly to...

Written Answers — Department of Finance: Stamp Duty (16 May 2017)

Michael Noonan: I am advised by Revenue that, where a charge to stamp duty arises on the sale of loans or houses, it is the purchaser and not the person selling the particular loan or house who is required to pay the stamp duty. The rate of stamp duty that applies to houses (residential property) is 1% of the first €1m of the purchase price and 2% of the balance of the purchase price. Prior to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: On the proposed timeline and the recommencement of the sitting at 1.30 p.m., because of the day that is in it, I may not be able to come back at 1.30 p.m. However, I will try to provide the Minister of State at the Department of Finance to continue the proceedings, if it is in order to do so. I thank Deputy Pearse Doherty and his team for the very hard work they have put into this...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: This issue arose at the pre-legislative scrutiny stage of the process. The Department of Finance's point of view was that it would have unintended consequences of narrowing the definition to exclude small businesses such as sole traders and holders such as charities. The Department has engaged extensively with the Office of the Parliamentary Counsel on the definition of "consumer". That...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: I note that the Deputy has proposed an amendment to section 3. He has explained the impact and intent of the amendment in his contribution. I note the current amendment no longer seeks to delete the words "in an informal manner" from the original Act and introduces the word "undue" to read as "without undue regard to technicality and legal form". I very much welcome this amendment to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: I thank Deputy Doherty for his explanation. I think I can go some of the road with him. I note that the Deputy's Bill as published provides for an additional time limit to make complaints up to two years from the date of knowledge. The heads of the Bill published last September provided for a possible three-year discoverability period for complaints with regard to long-term service....