Results 7,341-7,360 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (23 Oct 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that gross rental income is subject to the income levy. The income levy is payable on the gross rental income after deduction of normal expenses associated with the letting of property but before the granting of any reliefs for owners of rented residential accommodation under the various property and area based tax exemptions schemes or the...

Written Answers — Tax Code: Tax Code (23 Oct 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that expenses paid to an employee which are wholly, exclusively and necessarily incurred in the performance of their employment duties are not treated as part of the employee's emoluments, and as such, these expenses will not be subjected to the income levy.

Written Answers — Tax Code: Tax Code (23 Oct 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the income levy will apply to all trades and professions at the same rates as will apply to those applying to PAYE and investment income. The income levy will be calculated by applying the appropriate percentage to the self-employed person's gross income, after deduction of only those expenses directly associated with the performance of the...

Written Answers — Public Sector Pay: Public Sector Pay (23 Oct 2008)

Brian Lenihan Jnr: 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 staff on lower points. There is no increased provision for increments...

Written Answers — Departmental Staff: Departmental Staff (23 Oct 2008)

Brian Lenihan Jnr: The estimated cost of increments awarded to staff in my Department in 2008 is €227,000, and in 2009 is €171,000. With regard to the estimated cost of increments in Offices under the aegis of my Department, I have been advised as follows: Office 2008 2009 €m €m Office of the Revenue Commissioners 1.90 1.95 State Laboratory 0.02 0.09 Valuation Office 0.21 0.19 Public...

Written Answers — Departmental Staff: Departmental Staff (23 Oct 2008)

Brian Lenihan Jnr: The estimated cost to my Department of the 2.5% pay increase due under T2016 with effect from 1 September 2008, is €0.33m, with the estimated cost in a full year being €.991m. I have also been advised that the estimated cost to the Offices under my Department's aegis is as follows: Department/Office Cost of 2.5% T16 due from 1/9/08 for 2008 Annual cost in a full year €000 €000...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: The detailed provisions of the car parking levy are currently being finalised and will be included in the Finance (No. 2) Bill 2008, which will be published on 20 November next. The Sustainable Travel and Transport Action Plan is the responsibility of the Department of Transport.

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: The detailed provisions of the car parking levy are currently being finalised and will be included in the Finance (No. 2) Bill 2008, which will be published on 20 November next.

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that it is assumed that the Deputy is referring to the Judgment of the European Court of Justice in Case C-253/07 — Canterbury Hockey Club and Canterbury Ladies Hockey Club v The Commissioners for H.M. Revenue and Customs. In that case the European Court of Justice considered the scope of the exemption from VAT provided by Article 13A(1)(m) of the...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: The detailed provisions of the car parking levy are currently being finalised and will be included in the Finance (No. 2) Bill 2008, which will be published on 20 November next.

Written Answers — Financial Services: Financial Services (29 Oct 2008)

Brian Lenihan Jnr: The Financial Regulator's Consumer Protection Code (the CPC), which applies to all home loan providers operating in the State, requires mortgage lenders to undertake suitability assessments before offering a product or service to consumers and requires that a regulated entity must contact the consumer as soon as it becomes aware that a mortgage account is in arrears irrespective of the amount...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (29 Oct 2008)

Brian Lenihan Jnr: The Department was advised by the AGO that the scheme presented for approval by the Houses of the Oireachtas was the scheme approved by the European Commission as constituting a State Aid compatible with the EC Treaty. The EC Treaty requires that the State Aid be approved by the Commission and Ireland is not entitled to unilaterally alter the terms of the State Aid so approved. Any material...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the following property based tax incentive schemes remain in the tax code and, in general, provide capital allowances at the rate of 15% for the first 6 years and 10% in year 7 for the construction or refurbishment of qualifying premises: Convalescent Homes Qualifying (Private) Hospitals Qualifying Mental Health Centres Qualifying Specialist...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I am advised by Revenue that they expect taxpayers and businesses to organise their financial affairs to ensure that they pay their tax debts as they fall due. Where occasional cash flow difficulties arise Revenue is prepared to work with a business to ensure full resumption of timely payment of tax debts as quickly as possible. In this particular instance there have been a number of...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 207 and 208 together. As the Deputy will be aware, it is proposed to include a threshold which will exempt the minimum wage from the income levy. More detailed provisions, in relation to the collection, recovery, inspection of records, and other provisions required will be set out in the Finance Bill.

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: The detailed provisions of the car parking levy are currently being finalised and will be included in the Finance (No. 2) Bill 2008, which will be published on 20 November next.

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I announced in Budget 2009 that an Air Travel Tax will come into force in respect of passengers departing from Irish airports on and from 30 March 2009. The general rate applying will be €10 per passenger, with a lower rate of €2 for shorter air journeys i.e. those not in excess of 300 kms. I decided that a relatively short air journey should reflect a lower charge. It is not unusual...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that currently, some 66,000 smaller traders benefit from four or six monthly filing arrangements for their VAT returns as distinct from the normal bi-monthly returns. These arrangements are an important contribution to reducing the compliance burden on smaller businesses and to making it as easy as possible for taxpayers to do business with the...

Written Answers — Tax Collection: Tax Collection (29 Oct 2008)

Brian Lenihan Jnr: I announced in the Budget that the betting duty rate, which relates to all off-course betting on all sports, will be increased from 1% to 2% with effect from 1 January 2009. To provide for this, the relevant legislation, the Betting Act, 1931 will be amended via the Finance Bill. The decision to increase the betting duty is unrelated and separate to the issue of the maintenance of the Horse...

Written Answers — Tax Code: Tax Code (29 Oct 2008)

Brian Lenihan Jnr: The position is that the minimum wage will be exempted from the income levy of 1%. More detailed provisions, in relation to the thresholds, bands and rates applying to each band, and other provisions required will be set out in the Finance Bill.