Results 61-80 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (30 May 2017)

Michael Noonan: It is inherently difficult to estimate the revenue the introduction of any new tax proposal would yield, however, the introduction of an aggregate levy was examined and presented in a paper to the Tax Strategy Group in 2015.  This paper, TSG15/06 Energy and Environmental Taxes and Vehicle Registration Tax, is available my Departments website. At that time is was estimated that a...

Written Answers — Department of Finance: Tax Yield (30 May 2017)

Michael Noonan: I propose to take Questions Nos. 155 and 156 together. I am informed by Revenue that the expected yield from an increase in Excise on diesel of five cents per litre is estimated at €123m, as indicated in the Ready Reckoner on the Revenue website: . Section 99A of the Finance Act 1999 (inserted by Section 51 of the Finance Act 2013) provides for a repayment to qualifying road transport...

Written Answers — Department of Finance: World Bank (30 May 2017)

Michael Noonan: The World Bank Group comprises five institutions: the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA); the International Finance Corporation (IFC); the Multinational Investment Guarantee Agency (MIGA); and the International Centre for the Settlement of Investment Disputes (ICSID). The Minister for Finance is Ireland’s...

Written Answers — Department of Finance: European Bank for Reconstruction and Development (30 May 2017)

Michael Noonan: The Minister for Finance is Ireland’s representative on the Board of Governors at the European Bank for Reconstruction and Development (EBRD).  This mirrors the position of other countries which are members of the EBRD. Ireland shares a Constituency with Denmark, Lithuania and Kosovo in the EBRD. Denmark, Ireland and Lithuania have an agreement in place to rotate the three...

Written Answers — Department of Finance: Customs and Excise Controls (30 May 2017)

Michael Noonan: I am advised by Revenue that the three main Customs Airports (Dublin, Shannon and Cork) have permanently assigned officers in attendance. Goods and passengers arriving from 3rd Countries (countries outside the EU) may present for Customs clearance at these three airports. Decisions to undertake a visit or intervention at other aerodromes and airports, which are not authorised to receive...

Written Answers — Department of Finance: Vehicle Registration (30 May 2017)

Michael Noonan: I am informed by Revenue that, when registering the car on 12 May 2017, the operator in the Kells Centre inadvertently selected the incorrect car make code at the time of registration.  When the customer called back on 17 May 2017, the Revenue IT systems were down due to a technical fault and could not be accessed by either the Kells Centre or by Revenue for the day.  However, the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (30 May 2017)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT, up to a certain limit, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant, and an exemption from Motor Tax. To qualify for the Scheme an applicant must be in possession of a Primary Medical...

Written Answers — Department of Finance: Tax Rebates (30 May 2017)

Michael Noonan: As previously stated in response to the recent Parliamentary Question No. 150 of 16 May 2017, if the person concerned is dissatisfied with the decision, she has the option of lodging an appeal under Section 145 & 146 of Finance Act 2001 by writing to Revenue's Central Repayments Office, MTEK Building, Armagh Road, Monaghan. The independence of the Revenue Commissioners...

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: Deputy O'Dea has expressed concern about pensions and their sustainability. He has published a separate Private Member's Bill in regard to defined benefit schemes. The Minister for Social Protection, Deputy Varadkar, is conscious of the need for reforms in the area of defined benefit pensions schemes and in that regard he has published the general scheme of the Social Welfare and Pensions...

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: What is the date of the press release?

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: The Minister for Finance at that time was my predecessor, the late Brian Lenihan.

Pension Fund (Prohibition of Levies) Bill 2016: Second Stage [Private Members] (25 May 2017)

Michael Noonan: I am pleased to speak to the Bill presented by Deputy O'Dea, which seeks to prohibit any future legislation that would impose a levy, or similar charge, on pension funds. Specifically, the Bill proposes that, "No legislation, Statutory Instrument, or Ministerial Directive shall be proposed or accepted which would allow the Stamp Duties Consolidation Act 1999, the Taxes Consolidation Act 1997,...

Written Answers — Department of Finance: Help-To-Buy Scheme Assessment (25 May 2017)

Michael Noonan: I assume the Deputy is referring to the Help to Buy (HTB) incentive, which assists with funding the deposit required to purchase or self-build a new home to be used as the individuals principal private residence. The scheme is open to both those who are purchasing new builds from a developer, and those who self-build. By restricting it to new builds and new self-build...

Written Answers — Department of Finance: Tax Rebates (25 May 2017)

Michael Noonan: Employees may claim a tax deduction in respect of (a) the cost of travelling expenses necessarily incurred in the performance of the duties of their employment or office; and (b) the cost of other expenses incurred wholly, exclusively and necessarily in the performance of the duties of their employment. However, these deductions do not ordinarily include the cost of travelling to and...

Written Answers — Department of Finance: State Banking Sector (25 May 2017)

Michael Noonan: The Program for a Partnership Government allows for the sale of not more than 25% of any bank before the end of 2018 (plus any over-allotment option). I have not yet made any decision to proceed with a sale of shares in AIB.  In order to proceed with an IPO I would need to be satisfied that the market is prepared to put a fair and reasonable value on the bank's equity,...

Written Answers — Department of Finance: State Banking Sector (25 May 2017)

Michael Noonan: I have not yet made any decision to proceed with a sale of shares in AIB. I have consistently stated that any decision to proceed with an IPO of the bank will be based on advice from my officials and advisers, and depend on favourable market conditions which would support our objective of achieving an attractive valuation for the business. As we are well into May at this...

Written Answers — Department of Finance: State Aid (25 May 2017)

Michael Noonan: I propose to take Questions Nos. 78 to 80, inclusive, and 87 to 89, inclusive, together. Notwithstanding the appeal in the Apple State Aid case and the difference in view between Ireland and the Commission on the issue, the Government is committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland. Apple therefore must be deprived of the...

Written Answers — Department of Finance: State Banking Sector (25 May 2017)

Michael Noonan: Any potential IPO of AIB, or sale of shares in the State's other investments, will make no change whatsoever to the rights of employees or pension holders in those institutions. As the Deputy is aware, as Minister for Finance I have no role in the day-to-day operations of any of the banks in which the State is a shareholder. Staff pension entitlements and related matters are a matter for the...

Written Answers — Department of Finance: Tax Data (25 May 2017)

Michael Noonan: I am informed by Revenue that the revenue raised from Tobacco Product Tax by product for 2007 to April 2017 is provided in the following table. Please note that receipts for 2017 are provisional and maybe subject to revision. Year Fine Cut Tobacco €m Cigars €m Cigarettes €m Other €m 2007 22.6 9.5 1,155.0 5.2 2008 25.1 10.2 1,131.5 4.2 2009 46.5 9.6...

Written Answers — Department of Finance: Tax Data (25 May 2017)

Michael Noonan: I am informed by Revenue that clearances data for roll your own tobacco products (Fine Cut Tobacco) for the years 2003 to 2015 are published on the Revenue statistics website at . The 2016 and 2017 data are provided in the following table. Please note clearances for 2016 and 2017 are provisional and maybe subject to revisions. Year Fine Cut Tobacco (Kg) 2016 353,330 2017 (Jan -Apr) 53,257