Results 6,761-6,780 of 16,537 for speaker:Brian Lenihan Jnr

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

Brian Lenihan Jnr: Any proposals that are made in relation to public expenditure will be considered in the normal way.

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

Brian Lenihan Jnr: I propose to take Questions Nos. 328 and 329 together. I have been informed by the Revenue Commissioners that the information furnished on tax returns does not generally require the yield from a particular sector or sub-sector of economic activity to be identified. In these circumstances the amount of tax revenues collected in respect of the activities specified in the question cannot be...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the amount of Betting Duty paid for 2007 was €36.44 million. As the rate in that year was 1 per cent, one could at first glance assume that the yield from a 10 per cent rate would be around tens times that amount. However, such a figure would not be realised. Although the onus is currently on the industry to pay betting duty at the 1 per cent...

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

Brian Lenihan Jnr: Betting duty is payable by the bookmaker. Therefore, were a bookmaker to establish an on-line betting operation within the State, the bookmaker would be liable to pay betting duty at the normal 1% rate. While a tax could be set on on-course betting, the on-course levy currently stands at zero having been exempted under Section 68 of the Finance Act 2002. It was exempted in the context of the...

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

Brian Lenihan Jnr: A C2 is a certificate of authorisation issued by the tax office to a sub-contractor who applies for and qualifies for one. C2s generally are valid for two tax years. An individual, partnership or company may qualify for a C2. The tax office can withdraw a C2 at any time. A sub-contractor who holds a C2 is entitled to receive payments gross (without deduction of Relevant Contracts Tax at 35%)...

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

Brian Lenihan Jnr: Since the £5 travel tax was abolished in Budget 2000 there have been no Irish Government taxes levied on travel by aeroplane or boat into or out of Ireland.

Written Answers — Contraband Seizures: Contraband Seizures (24 Sep 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that there is no record of a seizure of contraband cigarettes by Customs & Excise Officers on Saturday 11 March 2006 at the particular location referred to in the question. However, Revenue records show that on Saturday 4 March 2006 a quantity (920) of cigarettes was seized on foot of a search warrant at a lock up premises in the area referred to in...

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

Brian Lenihan Jnr: I take it that the Deputy is referring to the submission from Udaras na Gaeltachta to the Commission on Taxation recommending a special tax incentive scheme for offshore Islands. The purpose of the Commission on Taxation is to review the structure, efficiency and appropriateness of the Irish taxation system. The work of the Commission will set the framework within which tax policy will be...

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

Brian Lenihan Jnr: In relation to the VAT treatment of purchases by sporting organisations, the position is that bodies supplying educational services and non-profit organisations are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the services they provide and cannot recover VAT incurred on goods and services that they purchase. Essentially...

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

Brian Lenihan Jnr: I assume that the Deputy is referring to the scheme of capital allowances for private hospitals which was introduced in the Finance Act 2002. I am informed by the Revenue Commissioners that information on the scheme of tax relief for private hospitals was for the first time specified and separately included in personal income tax returns for the tax year 2004, which were due for filing in...

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

Brian Lenihan Jnr: I assume the Deputy is referring to the scheme of capital allowances for capital expenditure on registered nursing homes which was introduced in 1997. I am informed by the Revenue Commissioners that information on the scheme of tax relief for registered nursing homes was for the first time specified and separately included in personal income tax returns for the tax year 2004, which were due...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the basic data is not captured in such a way as to provide dedicated grounds for compiling the estimates requested by the Deputy.

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the most recent relevant information available is in respect of income tax relief allowed for contributions to "retirement annuity contracts" for the five income tax years 2001 to 2005. These are available to the self-employed and to employees not in occupational pension schemes. The figures of median incomes for each year are set out as...

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

Brian Lenihan Jnr: As part of the work on the Green Paper on Pensions, a review was carried out into the current regime of tax incentives for supplementary pension provision. This was done with a view to developing more comprehensive and reliable estimates of the cost of reliefs in this area. Arising from the review, the following revised and up to date estimates of the cost of tax and other reliefs for private...

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

Brian Lenihan Jnr: Tax relief on individual pension contributions is allowed at the taxpayer's marginal tax rate, that is, at the standard or higher rate as appropriate in each case. It is assumed that the change mentioned by the Deputy is to confine tax relief to the standard rate of 20 per cent, for all pension contributions by individuals, including those currently relieved at the higher rate. It is not...

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

Brian Lenihan Jnr: Employer contributions to small self-administered pension schemes are treated as a trading expense. Employee contributions are netted off as deductions from an individual's income before arriving at the definition of income for tax purposes. I am informed by the Revenue Commissioners that figures for pension contributions by employers and employees are not captured in such a way as to provide...

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

Brian Lenihan Jnr: The prompt actions by international central banks, including the European Central Bank, to provide major injections of liquidity have contributed to greater stability in financial markets internationally, though they continue to remain subject to significant uncertainties. The ability of Irish banks to access liquidity from the European Central Bank has been a major benefit and provided a...

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

Brian Lenihan Jnr: The civil service staff in my constituency office are as follows: Grade Number Annual salary range Executive Officer on Higher Executive Officer duties 1 €46,558–€59,097 plus allowance retained from former duties Clerical Officer 2 €23,174–€40,417 I am informed there are no civil service staff dealing with Constituency matters in the office of the Minister of State, Dr. Martin...

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

Brian Lenihan Jnr: The Capital Services Redemption Account (CSRA) was established under Section 22 of the Finance Act 1950. It is used by the National Treasury Management Agency in the management of the National Debt, principally in relation to the interest and principal payments on the Exchequer's borrowing for capital purposes and also to record certain receipts and payments arising out of debt servicing and...

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

Brian Lenihan Jnr: Budget 2009 will be presented to the Dáil and published on Tuesday, 14 October. As the Deputy knows, it is not the usual practice to speculate in advance of the annual Budget on what it will contain and I do not propose to deviate from this practice now.