Results 181-200 of 19,717 for speaker:Michael Noonan in 'Written Answers'

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...

Written Answers — Department of Finance: Banking Sector (11 May 2017)

Michael Noonan: The Programme for Government contains a commitment to thoroughly investigate the Sparkassen model of local public banks that operate within well-defined regions. The Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs (DAHRRGA) is the lead Department in respect of this commitment. DAHRRGA undertook a consultation process, engaging with stakeholders and interested...

Written Answers — Department of Finance: Private Rented Accommodation (11 May 2017)

Michael Noonan: As the Deputy will be aware, the Strategy for the Rental Sector, published by the Department of Housing, Planning, Community and Local Government in December 2016, committed to the establishment of a working group in early 2017 to examine and report on the tax treatment of landlords (or rental accommodation providers), and to put forward options, where appropriate, for amendments to such...

Written Answers — Department of Finance: Credit Union Regulation (11 May 2017)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. Credit unions are regulated and supervised by the Registrar of Credit Unions at the Central Bank who is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts...

Written Answers — Department of Finance: Tax Data (11 May 2017)

Michael Noonan: I propose to take Questions Nos. 65 to 68, inclusive, together. I am informed by Revenue that, on the basis of information derived from Income Tax returns filed for the year 2014, the latest year for which data are available, the average Income Tax paid by public sector PAYE workers on the standard and higher rate of tax is €3,727 and €19,578 respectively. The average paid by...

Written Answers — Department of Finance: Corporate Governance (11 May 2017)

Michael Noonan: The Central Bank of Ireland is responsible for the authorisation and supervision of fund management companies established in Ireland.  I have been informed by the Bank that it has undertaken a significant project examining fund management company effectiveness which dealt with the issue of governance by aiming to enhance organisational effectiveness and setting out...

Written Answers — Department of Finance: Revenue Commissioners (11 May 2017)

Michael Noonan: I am advised by Revenue that information regarding purchases of land (non-residential / commercial property) is collected by Revenue through Stamp Duty returns that are filed via Revenue’s e-Stamping System. In relation to land the filer must indicate if the land falls within any of the following categories – - Site only - Agricultural land - Non-Agricultural land - New...

Written Answers — Department of Finance: Universal Social Charge (11 May 2017)

Michael Noonan: I propose to take Questions Nos. 71 and 72 together. The estimated first year (i.e. 2017) cost of the USC measures contained in Budget 2017 was €335 million, and the estimated full-year cost of the USC measures was €390 million, with 2018 being the first full year in which the measures are in effect. While overall income tax receipts are currently below profile, down...

Written Answers — Department of Finance: Motor Insurance (11 May 2017)

Michael Noonan: At the outset, the Deputy should note that as Minister for Finance, I am not responsible for the operation of the Declined Cases Agreement and therefore do not have direct access to the data that is being requested. As you are aware, under the Declined Cases Agreement, the insurance market undertakes not to refuse to provide third party motor insurance to an individual where they have...

Written Answers — Department of Finance: Tax Credits (11 May 2017)

Michael Noonan: I am advised by Revenue that the person concerned has been previously informed by Revenue of what needs to be done to transfer the tax credits concerned. This information has been provided in recent days again. Once the necessary steps are completed, Revenue will be able to complete its consideration of the matter.

Written Answers — Department of Finance: Banking Sector Remuneration (11 May 2017)

Michael Noonan: The previous Government put in place a policy which restricts remuneration in the banks in which the State had to inject capital during the financial crisis. This policy has been in place since mid-2011. In brief, remuneration in State supported banks is capped at €500,000 (excluding normal pension entitlements) and no form of remuneration with any variable pay component(s), can be...

Written Answers — Department of Finance: Banking Sector Investigations (11 May 2017)

Michael Noonan: The Central Bank has various reporting obligations in circumstances where the information obtained by it at any stage prior to, during, or after an Investigation, gives rise to a suspicion of a criminal offence, a breach of company law, or a breach of competition law. In such circumstances, the Central Bank has an obligation to refer the matter to the relevant authority, as prescribed under...