Results 8,241-8,260 of 16,537 for speaker:Brian Lenihan Jnr

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: ——that is being provided through the measures taken in the October budget to protect incomes at the lower levels——

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: ——as well as through the maintenance of an historically high level of public capital investment.

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: Capital investment, in particular, provides a significant fiscal stimulus while at the same time boosting the productive capacity of the economy and thereby providing the basis for future gains in living standards. We are also continuing to invest heavily in education, skills and training. Productive investment in infrastructure and in the skills of the population will help us to restructure...

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: ——if we are to have a just and equitable tax system. We will certainly protect the vulnerable.

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: This year's social welfare increases are being paid at the same time as a fall in the cost of living. If this is not protecting the vulnerable, I hope——

The Economy: Statements (Resumed) (29 Jan 2009)

Brian Lenihan Jnr: ——some Deputy will explain to me exactly what "protecting the vulnerable" means.

Written Answers — Tax Code: Tax Code (29 Jan 2009)

Brian Lenihan Jnr: The introduction of the car parking levy is designed to reduce congestion. The levy will apply to employer-provided parking facilities in the major urban centres of Cork, Dublin, Galway, Limerick and Waterford. The specific areas in which the levy will apply will be designated by Order of the Minister for Finance following consultation with the five city councils concerned. An employee will...

Written Answers — Tax Code: Tax Code (29 Jan 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the Tax Acts apply different rules to the computation of taxable income depending on the source of the income. Where a person operates a car park he or she is treated as carrying on a trade and is taxed accordingly. Where the owner of a car park leases the car park to an operator the income received from the operator is treated as rental income...

Written Answers — Tax Code: Tax Code (29 Jan 2009)

Brian Lenihan Jnr: The position is that the incapacitated child tax credit can be claimed by a parent for a child who is permanently incapacitated either physically or mentally from maintaining himself or herself and had become so before reaching 21 years of age or finishing full-time education. Once a child qualifies for the incapacitated child tax credit the credit continues to be available in respect of...

Written Answers — Consumer Protection: Consumer Protection (29 Jan 2009)

Brian Lenihan Jnr: This question relates to issues raised by "Friends of Banking Ireland". I have been informed by the Financial Regulator that it met Friends of Banking Ireland on 13 November 2008 and that a number of issues relating to the role of the Financial Regulator, the reach of the consumer protection code, the complaints process for individual redress and the confidentiality obligations under which...

Written Answers — Tax Code: Tax Code (29 Jan 2009)

Brian Lenihan Jnr: The position is that, on the basis of the legislation as enacted, the employer is legally obliged to deduct income levy from all payments of emoluments (which would include salary, bonus payments and other payments in the nature of pay) made to his or her employees where payment of those emoluments takes place on any date on or after 1 January 2009 irrespective of the period to which the...

Written Answers — National Debt: National Debt (29 Jan 2009)

Brian Lenihan Jnr: The National Debt totalled €50,398 million at the end of 2008. The figures for the years 2003-2007 are outlined in the following table. Year ending December National Debt Total €m 2003 37,611 2004 37,846 2005 38,182 2006 35,917 2007 37,559

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (29 Jan 2009)

Brian Lenihan Jnr: The decision on whether an institution operating in Ireland passes on ECB interest rate cuts to customers is a commercial decision for the institution concerned. While my Department monitors the impact of changes in mortgage interest rates on the Consumer Price Index (CPI), it has no direct function in relation to the individual institution's decisions on the matter. However, as the Deputy...

Written Answers — Disabled Drivers: Disabled Drivers (3 Feb 2009)

Brian Lenihan Jnr: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit), and exemption from motor tax, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities. The disability criteria for these concessions are set out in the Disabled Drivers and Disabled...

Written Answers — Pension Provisions: Pension Provisions (3 Feb 2009)

Brian Lenihan Jnr: The Chief Executive of the Regulatory Authority is appointed by the other members of that Authority and the conditions of employment are agreed between the person and the other members of the Authority. I am informed that the Chief Executive's contract did not provide for performance related payments. The Regulatory Authority has informed me that pension benefits to the former Chief...

Written Answers — Planning Issues: Planning Issues (3 Feb 2009)

Brian Lenihan Jnr: Public procurement regulations provide for the exclusion from a tendering process of parties who have been convicted of offences in relation to professional conduct or who are otherwise guilty of grave professional misconduct which can be proved by a contracting authority. The operation of these provisions is a matter for contracting authorities who are best placed to apply them in a manner...

Written Answers — Tax Code: Tax Code (3 Feb 2009)

Brian Lenihan Jnr: The extension of the scheme in this way would have cost implications for the Exchequer. It would also place an additional administrative burden on the Revenue Commissioners, the transport companies concerned and, in particular, on the employers who participate in the scheme. One of the advantages of the scheme as it currently stands is that it is well controlled, easily administered and...

Written Answers — Tax Code: Tax Code (3 Feb 2009)

Brian Lenihan Jnr: Deposit Interest Retention Tax is deducted at source by deposit takers (e.g. Banks, Building Societies, Credit Unions, Post Office Savings Bank, etc.) from interest paid or credited on deposits of Irish residents. The rate of tax deducted is determined by the relevant legislation in force at the time the interest is paid or credited. As such, the period over which the interest accrued is...

Written Answers — Pension Provisions: Pension Provisions (3 Feb 2009)

Brian Lenihan Jnr: Discussions are in train with the trustees and the administrators of the five older universities and certain non-commercial semi-State bodies with a view to providing consistency and clarity for the future in terms of meeting the liabilities of the funded pension schemes. In that context, and provided all the schemes concerned agree, it is proposed that the assets of these schemes would be...

Written Answers — Crime Prevention: Crime Prevention (3 Feb 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that construction of the second Revenue cutter is proceeding and delivery is expected in September 2009. The second cutter will enhance the operating scope of Revenue's maritime unit, currently operating the RCC Suirbhéir cutter. The deployment of both crafts will, as always, be determined by risk, as indicated by intelligence developed...