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Noonan, Michael

Wednesday, 5 December 2012

Dáil Éireann Debate
Vol. Nbr.

Budget Statement 2013

As budget day is a good day for taking stock of where we are, let us do so. In the second half of this year, the National Treasury Management Agency, NTMA, has raised more than €7 billion in the m...More Button

There are different measures of success, however, and in taking stock of where we are, I would like to examine them. The first measure of success is whether the bailout programme is being fulfil...More Button

For the Government, however, and for the Deputies and Senators who support it, the real measure of success is a growing and developing economy, which provides a fulfilling life and decent standar...More Button

The Government will continue to fulfil the conditions of the bailout programme, it will carefully plan full market return, it will build on the strong sectors of the economy and repair the weak sec...More Button

This initiative will be strictly policed so as to ensure that the beneficiaries are fully tax compliant.More Button

Work is being undertaken by senior officials in a number of Departments to finalise the PlusOne initiative, which is intended to encourage employers to hire individuals who are long-term unemploy...More Button

As I stated, all the supporting documentation, including the SME ten-point tax reform plan, will be available on the budget website.More Button

The Government is complementing these taxation actions with a focus on the provision of credit to SMEs. New initiatives from the Government, such as the microfinance scheme and the loan guarante...More Button

SMEs are the lifeblood of the economy and will play a vital role in the recovery of employment growth in our country.More Button

Budget Statement 2013 (Continued)

The newly constituted local enterprise offices will serve as an important first stop for small businesses looking for advice and information on all available State...More Button

I am widening the definition of registered farm partnerships to add other production partnerships, such as beef, to the 640 milk production partnerships that can already avail of the enhanced 50% r...More Button

In the commercial market, the capital gains tax incentive that I announced in last year’s budget means that any property bought between now and the end of 2013 will be relieved from capital gains t...More Button

Dealing with personal debt is also vital. The Central Bank is overseeing the roll-out of a range of options to deal with unsustainable personal and commercial debt. I stress that these measures...More Button

This is the level of ambition the Government expects from all banks, whether State-owned or not. These commitments to helping people who are in unsustainable debt are not just social obligations o...More Button

However, some people have been allowed by previous Governments to benefit from hugely generous pension arrangements subsidised by the taxpayer. While the Government wants to encourage those on low...More Button

These changes in PRSI are progressive-----More Button

-----as they will ensure that all sources of income are subject to PRSI.

Local Property Tax

  I will now turn to the local property tax, which the Government is i...More Button

Therefore, from 2015, local authorities will have the power to vary the rates by 15% above and below the central national rates to better match their funding needs. In this way, the property tax w...More Button

As I stated earlier, there will be a half year's property tax charge in 2013. Using the example of properties in the €150,000 to €200,000 band, the charge in 2013 will be a half year charge of €...More Button

I have already set out certain exemptions from the local property tax that will apply to first-time purchasers of homes in 2013 and to purchasers of new or previously unoccupied homes up to the e...More Button

A voluntary deferral will be available to liable persons whose gross income limits do not exceed €15,000 for a single person and €25,000 for a couple. A deferral option will also be available up...More Button

The household charge will cease with effect from 1 January 2013 and the NPPR charge or "second homes charge" will cease with effect from 1 January 2014.More Button

Full details of the local property tax will be set out in the finance (local property tax) Bill 2012, which will be published this week and commence Second Stage in the Dáil next week. Extensive...More Button

I view tax compliance as a core principle of our democracy. Public services can only be provided to citizens because people pay their taxes. I want to reassure the vast majority of tax complian...More Button

Any arrears that are not discharged before 1 July 2013 will be increased to €200 and will be collected through the local property tax system.More Button

The local property tax is fair and progressive, as all property owners make a contribution-----More Button

-----but those who own the most valuable properties will pay the most.

Income Tax

  The Government continues to implement the programme for Government commitments...More Button

This measure will correct an anomaly so that women on maternity benefit will pay the same level of income tax as when they are working.

Excise Duty

  I am not inc...More Button

With effect from midnight tonight, excise duty on a pint of beer or cider is being increased by 10 cent, on a standard measure of spirits by 10 cent and on a 75 cl bottle of wine by €1, with pro...More Button

The rates of both VRT and motor tax across all categories will increase with effect from 1 January 2013. In order to incentivise a more year round motor market, I have decided to introduce a dual ...More Button

-----a sentiment I believe is shared by the vast majority of Deputies in this House. Even though this commitment has been stated numerous times, it is worth repeating so that there can be no doubt.More Button

Ireland has for the past 50 years sought to have a competitive corporate tax strategy to attract job-rich foreign direct investment into Ireland. Our policies in respect of tax co-operation and ...More Button

It is in this context that I am very pleased to announce today that Ireland has become one of the first countries in the world to agree a new intergovernmental agreement with the United States in...More Button

Reaching such an early agreement with the United States will be of great benefit to Irish business.


  When I stood before the House last year on 6 Dece...More Button

We are making progress and in doing this I am setting out the likely levels of future revenue consolidation to reassure people and to boost their confidence. This will help businesses to plan and ...More Button

Fianna Fáil will not outdo Sinn Féin.More Button

When will Fianna Fáil apologise to all these people?More Button

The previous Government agreed to all those things.More Button

Illicit Trade in Tobacco

Was asked: if he has investigated the use of a smartphone app to be used by gardaí to scan barcodes on cigarettes to determine if tax has been paid and identify illegal cigarettes; and if he will make a state...More Button

I am advised by the Revenue Commissioners that the process of embossing secure tax stamps on cigarette packaging is the method currently used to assist in the detection of illicit cigarettes. Tax ...More Button

Furthermore, the Revenue Commissioners are constantly exploring ways to improve their methods of detecting illicit cigarettes. One of the key elements of any security feature on cigarette packag...More Button

Liquor Licence Numbers

Was asked: the number of intoxicating liquor licences that have lapsed for each year over the past five years; the reasons the licences have lapsed; and if he will make a statement on the matter.More Button

I am informed by the Revenue Commissioners that the numbers of lapsed licences for each of the past 5 years, is set out below under various categories.   The function of the Revenue ...More Button

Budget Submissions

Was asked: if he will support the SIPTU proposals on the economy towards a new course.More Button

I have received a document from SIPTU entitled "Towards a New Course". As with other pre-Budget submissions it has been circulated to the relevant officials so that its contents can be co...More Button

Tax Code

Was asked: if he will abolish the level of VAT levied on student textbooks accessed via tablet computer; and if he will make a statement on the matter.More Button

The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. In Ireland the zero rate applies to printed books, including atlases, childre...More Button

Was asked: his views on a residential scheme (details supplied).More Button

The interest restriction of 75% applying to residential lettings was introduced in the April 2009 supplementary budget as part of an urgent revenue-raising package aimed at stabilising the public f...More Button

As rental income of companies is returned as net of interest on borrowings, the figures for interest are not separately distinguishable and there is, therefore, no basis on which an estimate of t...More Button

Was asked: if he has considered reducing the VAT on newspapers to a similar level as seen in Northern Ireland; and if he will make a statement on the matter.More Button

Any proposed changes in VAT must be considered in the context of the EU VAT Directive, with which Irish VAT law must comply. The zero rate of VAT applies to the supply of newspapers in the UK, as ...More Button

I would draw to the Deputy’s attention, however, that the VAT rate on newspapers was reduced from 1 July 2011 in the Finance (No. 2) Act 2011 from the 13.5% reduced rate to the new lower reduced ...More Button

Tax Yield

Was asked: the amount of duty collected annually for rapeseed oil; if a cost benefit analysis has been conducted on this duty; and if he will make a statement on the matter.More Button

The Revenue Commissioners, who are responsible for collecting duty on motor vehicle fuel, inform me that rapeseed oil, when used as a fuel in diesel motor engines, is categorised as a substitute fu...More Button

Banking Sector Remuneration

Was asked: if the Covered Institutions Remuneration Oversight Committee is still in place; the frequency with which it reports; its latest recommendations; and if he will make a statement on the matter.More Button

The Covered Institutions Remuneration Oversight Committee (CIROC) was established, as part of the previous Administration’s response to the banking crisis, to oversee all remuneration plans of seni...More Button

My Department is presently engaged in a Review of Remuneration Practices and Frameworks at the covered institutions. I am expecting the consultant’s report to be delivered by year end whereupon ...More Button