Results 6,721-6,740 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 278 and 308 together. I assume that the questions refer to the exemption from Deposit Interest Retention Tax (DIRT) in certain circumstances and the application of exit taxes under the "gross roll up" regime. Since the enactment of the Finance Act 2007, individuals are exempt from Deposit Interest Retention Tax (DIRT) on their savings income provided they or...

Written Answers — Departmental Staff: Departmental Staff (24 Sep 2008)

Brian Lenihan Jnr: Four officials from the Department of Finance attended the 4th Annual Public Private Partnership Forum, held on Thursday the 19th June 2008. As they were all due to speak at the forum no charge was incurred by the Department in respect of their attendance. One officer of the Revenue Commissioners attended the forum at a cost of €592.90. In addition, two members of staff of the National...

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that they have reviewed their procedures in relation to the imposition of penalties in relation to tax settlements for deceased persons. Arising from this review, revised procedures apply with effect from 18 March 2008 (the date of publication of the new procedures). In accordance with these new arrangements, where the taxpayer dies before a...

Written Answers — Budget Submissions: Budget Submissions (24 Sep 2008)

Brian Lenihan Jnr: I have received a pre-Budget submission from the Irish Deaf Society. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: In accordance with the provisions of Section 473 of the Taxes Consolidated Act 1997, tax relief is available to an individual in respect of rent paid on a 'residential premises' that, during the period in respect of which the rent is paid, is his or her main residence. However, relief is expressly not available under this provision in respect of rent paid to a local authority. Accordingly,...

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they have issued a request to the taxpayer for the necessary information to enable a review of liability to be carried out. A P21 will issue on receipt of the required information.

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they have issued a request to the taxpayer for the necessary information to enable a review of liability to be carried out. Any tax overpaid will be refunded when the review is completed.

Written Answers — Data Protection: Data Protection (24 Sep 2008)

Brian Lenihan Jnr: My Department complies with the Data Protection Act and is registered as a data controller with the Data Protection Commissioner under Section 16 of the Data Protection Acts, 1988 and 2003. My Department has a limited number of disclosees to whom data may be disclosed and the Department consults with the Office of the Data Commissioner on these matters. All of my Department's databases and...

Written Answers — Data Protection: Data Protection (24 Sep 2008)

Brian Lenihan Jnr: My Department has had one memory stick reported lost in 2007 and one memory stick reported stolen in 2008. No departmental data was on the devices at the time. No laptop computers or data storage devices have been reported lost or stolen.

Written Answers — Tax Yield: Tax Yield (24 Sep 2008)

Brian Lenihan Jnr: Using the data in the Pre-Budget 2009 income tax ready reckoner, a 1% increase in both the higher rate and the standard rate of income tax would yield about €920 million in a full year. The yield quoted is provisional, subject to revision and estimated to the nearest €5 million. The ready reckoner is available on my Department's website, at www.finance.gov.ie.

Written Answers — Tax Yield: Tax Yield (24 Sep 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, based on data currently available, the estimated yield in a full year arising from a 1% increase in the 13.5% and 21% VAT rates is €315 million and €454 million respectively.

Written Answers — Public Sector Pay: Public Sector Pay (24 Sep 2008)

Brian Lenihan Jnr: No increased provision will be made in the paybill for increments. Year-to-year increases in allocations would not normally be granted to allow for increments. In the normal way, the overall cost of increments for some staff on incremental scales should be offset by reductions in cost arising from retirements or other movements by staff on higher incremental points and their replacement by...

Written Answers — Tax Yield: Tax Yield (24 Sep 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, based on data currently available, the estimated yields in 2009 from a one cent increase in excise (VAT inclusive) on the products referred to are as follows: Increase of 1 cent (VAT inclusive) — Estimated Yield in a Full Year €m Unleaded Petrol (per litre) 21.6 Auto Diesel (per litre) 23.1 Marked Gas Oil (per litre) 14.0 Kerosene...

Written Answers — Decentralisation Programme: Decentralisation Programme (24 Sep 2008)

Brian Lenihan Jnr: The Government decided on 8th July last that no further expenditure on the acquisition of accommodation for decentralisation should be sanctioned pending detailed consideration by the Government of two reports: one from the Decentralisation Implementation Group's report on the feasibility of phased moves by the State Agencies; and one from the Implementation Group of Secretaries General on...

Written Answers — Decentralisation Programme: Decentralisation Programme (24 Sep 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the total cost to date of the move to Athy is €1,175,584. This figure is made up of property costs borne by the OPW of €1,052,010 and non-property costs borne by Revenue of €123,574. Revenue are not in a position at this stage to give final cost figures for this move.

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that following the death of the person named, it was disclosed to the Revenue Commissioners that three sites had been sold by the deceased without the payment of Capital Gains Tax. Computations of tax and interest due were submitted by agents of the estate on 18 April 2008 on site disposals in the tax years 1996/1997, 1999/2000 and 2004. Section 1080...

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they do not have sufficient information to deal with the taxpayer's claim at this time. The taxpayer can contact Mr Vincent Murphy, Kildare Revenue District at (059) 8643214 in relation to the matter.

Written Answers — Pension Provisions: Pension Provisions (24 Sep 2008)

Brian Lenihan Jnr: Discussions are in train with the trustees/administrators of the funded pension schemes of the five older universities and certain non-commercial semi-State bodies (SSBs), which have funded pension schemes, with a view to providing consistency and clarity for the future in terms of meeting the liabilities of the schemes. This follows consideration some time ago of the pension difficulties...

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 299 and 333 together. Tonnage tax provides an alternative method for calculating the shipping related profits of a company for Corporation Tax purposes. The profits are calculated by reference to the tonnage of the ships used in a company's shipping trade and once calculated, using the tonnage tax method, are subject to the 12.5 per cent Corporation Tax rate....

Written Answers — Tax Code: Tax Code (24 Sep 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 300, 302, 360, 363 and 365 together. The Stamp Duties Consolidation Act 1999, as amended, provides for a Stamp Duty Exemption on the purchase of farm land by Young Trained Farmers. To qualify for the relief, an individual must, on the date of execution of the instrument of transfer, be under 35 years of age and hold a relevant qualification. The relevant...