Results 1-20 of 36 for lottery speaker:Michael Noonan

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Michael Noonan: .... There are some 8,500 registered charities in this country and many are already in receipt of significant Government subvention through the Health Service Executive, HSE, Departments, the national lottery and others. The provision of funding in this way has the advantage of transparency and economic efficiency in that the Government can direct funding to those charities operating where...

Written Answers — Department of Finance: Tax Code (16 Sep 2016)

Michael Noonan: ...applied solely for the purpose of paying provident benefits. Section 213 Local authorities, the Health Service Executive, vocational education boards and committees of agriculture. Section 214 A lottery licensed under the Gaming and Lotteries Act, 1956 in respect of the profits from any lottery. Section 216 Individuals in receipt of sums in respect of the letting, for residential...

Written Answers — Department of Finance: Exchequer Deficit (19 May 2015)

Michael Noonan: ...€m €m Total Non-Tax Revenue 411 395 -16 Exchequer Deficit -9,913 -2,319 +7,594 Total Non-Tax Revenue broken down by component: End-April 2011 End-April 2015 Change €m €m €m National Lottery Surplus 80 67 -13 Income from Credit Institutions (Financial Support Scheme) 3 0 -3 Income from Credit Institutions (Eligible Institutions Guarantee) 283...

Written Answers — Department of Finance: Tax Collection Forecasts (14 Jan 2015)

Michael Noonan: I am advised by the National Lottery that the total value of prizes over €750,000 won by players in 2014 amounted to €184.8m. This includes euromillions prizes of €101.7m. Based on 2014 figures, assuming the tax only applies to the excess winnings over €750,000, a tax of 5% on National Lottery winnings over €750,000 would yield...

Written Answers — Department of Finance: Exchequer Returns (14 Jan 2015)

Michael Noonan: The End December 2014 Exchequer Statement included capital receipts of €405 million under the heading "National Lottery License payment". This amount was paid by Premier Lotteries Ireland Limited for the licence to operate the National Lottery. Further capital receipts of €1.86 million were received under the heading "Sale of State Property". These receipts are broken down as...

Written Answers — Department of Finance: VAT Payments (15 Jul 2014)

Michael Noonan: ...that the Member States in question require businesses to provide the Revenue authorities with electronic access to details of all their customer transaction data.  The customer receipts submitted for the lottery can be cross-checked against the transaction data provided by businesses.  Ireland does not have such a system in place to support this kind of checking and the...

Written Answers — Department of Finance: State Properties (8 Apr 2014)

Michael Noonan: The End March 2014 Exchequer Statement included capital receipts of €202.5 million under the heading "National Lottery License payment". This is the first instalment of the upfront Licence Fee payable by Premier Lotteries Ireland Limited for the next licence to operate the National Lottery.  The second instalment of a further €202.5 million is due to be paid by Premier...

Written Answers — Department of Finance: VAT Rate Application (26 Mar 2014)

Michael Noonan: ...of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Article 135(1)(i) of VAT Directive 2006/112/EC provides a VAT exemption for "betting, lotteries and other forms of gambling, subject to the conditions and limitations laid down by each Member State". The European Court of Justice (ECJ) has ruled that Member States have discretionary...

Written Answers — Department of Finance: Tax Code (18 Feb 2014)

Michael Noonan: ...to the requirements of EU VAT law with which Irish VAT law must comply. Article 135(1)(i) of the EU VAT Directive (Council Directive 2006/112/EC) provides that Member States shall exempt betting, lotteries and other forms of gambling, subject to the conditions and limitations laid down by each Member State.  The Value-Added Tax Consolidation Act 2010 provides that the acceptance of...

Written Answers — Department of Finance: Voluntary Sector Funding (21 Jan 2014)

Michael Noonan: ...has not funded any community or voluntary organisation in 2013. In the past there were payments from the Vote for the Office of the Minister for Finance  to the promoters of certain charitable lotteries. These payments were funded by the National Lottery.  However, the functions that gave rise to the payments were transferred to the Department of Public Expenditure  and...

Written Answers — Department of Finance: Consultancy Contracts Expenditure (2 Oct 2013)

Michael Noonan: ...Bord Gáis Energy Legal advice - ongoing Contract is between the NTMA and A&L Goodbody and was signed in January 2013. No payments have been made under this contract to date. Lane Clark and Peacock (LCP) Lottery Licence Pensions advice - complete Contract is between NTMA and LCP and was signed in August 2013. The cost of this advice was €3,750 plus VAT.

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the National Lottery that the total winnings over €1,000 in 2011 was of the order of €190 million. On this basis a tax or levy of 5% on National Lottery winnings over €1,000 would yield € 9.5 million. It was not possible to obtain the comparable figures for 2012 in the time available. For reasons of equity, a levy such as is proposed in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Stability Programme Update: Discussion with Minister for Finance (30 Apr 2013)

Michael Noonan: ...draftsman. That is the NewERA legislation, which includes the strategic investment fund. That will be vested with an advisory function on future sales of assets. No State assets, bar the national lottery, are included in this arithmetic.

Written Answers — Department of Finance: Tax Code (27 Mar 2013)

Michael Noonan: I have no plans to introduce a duty tax on lottery sales.

Ceisteanna - Questions - Priority Questions: Mortgage Arrears Proposals (21 Mar 2013)

Michael Noonan: ...matter should be done and dusted and the person should be able to move on, provided there is no dramatic change in his or her income. Obviously, the arrangement will change if somebody wins the lottery or an unemployed partner returns to work. We want sustainable arrangements and the reason we want the Central Bank to monitor and random sample the arrangements that are being made is to...

Leaders' Questions (14 Mar 2013)

Michael Noonan: ...in the context of a requirement under the programme. As the Deputy is aware, the troika has been involved in this. The context is that some State assets are to be sold. For example, the National Lottery will be issued with a new licence and the non-network part of Bord Gáis Éireann and some of the ESB power generation assets are under consideration. It is also proposed that...

Written Answers — Department of Finance: Tax Code (20 Dec 2012)

Michael Noonan: The receipt by a person of any sum bona fide by way of windfall winnings from betting or from any licensed lottery including the National Lottery is exempt from Income Tax, Capital Gains Tax and Capital Acquisitions Tax. A tax such as is proposed in the question could affect income for the National Lottery, the surplus from which may be used for national culture, including the Irish...

Written Answers — Department of Finance: Tax Yield (8 Nov 2012)

Michael Noonan: I am advised by the National Lottery that the total winnings over €1,000 in 2011 was of the order of €190 million. On this basis a tax or levy of 5% on National Lottery winnings over €1,000 would yield €9.5 million. For reasons of equity, a levy such as is proposed in the question might have to be imposed on winnings over €1,000 from other lotteries,...

Written Answers — Exchequer Revenue: Exchequer Revenue (20 Jun 2012)

Michael Noonan: ...is provided in the table below for the 2011 outturn and forecasts for 2012 and 2013. Exchequer Non-Tax Revenue (€ billions) 2011 2012 2013 Central Bank Surplus Income 0.67 0.96 0.92 National Lottery Surplus 0.23 0.22 0.22 Bank Guarantee Fees 1.24 0.98 0.36 Other Surplus Income/Royalties 0.00 0.00 0.00 Interest on Loans (including on Contingent Capital Injected into Irish banking...

Written Answers — Exchequer Revenue: Exchequer Revenue (8 May 2012)

Michael Noonan: The information requested by the Deputy is set out in the table. Exchequer Non-Tax Revenue (€ billions) 2011 2012 2013 Central Bank Surplus Income 0.67 0.96 0.92 National Lottery Surplus 0.23 0.22 0.22 Bank Guarantee Fees 1.24 0.98 0.36 Other Surplus Income/Royalties 0.00 0.00 0.00 Interest on Loans (including on Contingent Capital injected into Irish banking system 0.02 0.32 0.31...