Results 8,261-8,280 of 16,537 for speaker:Brian Lenihan Jnr

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that traders in an EU Member State who sell goods at zero rate of VAT to traders in other EU Member States have obligations in relation to verifying the VAT numbers of the purchasers, maintaining appropriate documentary evidence that the goods have been exported and the furnishing of periodic statements in relation to such exports to their tax...

Written Answers — Financial Services Regulation: Financial Services Regulation (3 Feb 2009)

Brian Lenihan Jnr: It is Government policy to support measures to ensure the flow of credit to the enterprise sector, thereby supporting small business and related employment. Through the introduction of the Bank Guarantee Scheme, the recapitalisation package and the nationalisation of Anglo Irish Bank, the Government has sought to sustain an environment where banks can continue to support economic activity...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that individuals who are resident in Ireland for tax purposes are taxable here on their worldwide income; and individuals who are not resident here for tax purposes pay tax here only on income arising in the State. An individual is resident in the State if he or she spends 183 days or more (approximately six months) in Ireland during a tax year; or...

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

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners and I have been advised by Revenue that they have arranged for a review of the tax affairs of the person concerned and will be in contact directly with the person concerned very shortly to discuss the matter.

Written Answers — Financial Services Regulation: Financial Services Regulation (3 Feb 2009)

Brian Lenihan Jnr: It is Government policy to support measures to ensure the flow of credit to the enterprise sector, thereby supporting small business and related employment. Through the introduction of the Bank Guarantee Scheme, the recapitalisation package and the nationalisation of Anglo Irish Bank, the Government has sought to sustain an environment where banks can continue to support economic activity...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, in line with best practice in Customs administrations worldwide, Revenue regards the development of information and intelligence as critical to the detection of the smuggling of drugs and fiscal products. Revenue continuously assesses the risk along the Sligo and Donegal coast, including risks in relation to small ports and other landing...

Written Answers — Financial Services Regulation: Financial Services Regulation (3 Feb 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 195 and 198 together. I propose to answer question 195 and question 198 together. The Advisory Forum on Financial Legislation was formally launched on 16 January 2008, with a mandate to consolidate and in so far as was possible within the timeframe envisaged for the Forum, to modernise Irish financial services legislation. The project is included as one of the...

Written Answers — Deposit Guarantee Scheme: Deposit Guarantee Scheme (3 Feb 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 196 and 197 together. The Deposit Guarantee Scheme in Ireland is set out in the European Communities (Deposit Guarantee Scheme) Regulations 1995 (S.I. No. 168 of 1995). Under the current legal framework, which is the same throughout the European Economic Area (EEA), the payment of compensation under the deposit guarantee scheme is to be made within 3 months...

Written Answers — Financial Services Regulation: Financial Services Regulation (3 Feb 2009)

Brian Lenihan Jnr: Any change to the regulatory framework in Ireland must have regard to EU and international developments. In relation to the EU, there are a number of proposals being developed for adoption this year, including improvements to the Capital Requirements Directive to further strengthen the existing banking prudential framework. Furthermore, the role and mandates of national regulators has been...

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

Brian Lenihan Jnr: As the Deputy is aware, during the Committee Stage of the Finance Bill, I stated that I had asked the Revenue Commissioners and the Central Statistics Office to examine the question of the loss to the Exchequer arising from cross-border shopping. They are to report by the end of this month.

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that formal appeal proceedings taken by the named person, and Revenue's consideration of the outcome, had prevented the processing of his income tax repayments claims. These issues have recently been resolved and the processing of the claims is now underway. The Revenue Commissioners wrote to the named person on 22nd January 2009 requesting necessary...

Written Answers — Irish Language: Irish Language (3 Feb 2009)

Brian Lenihan Jnr: The information sought is as follows. Costs of implementing the provisions of the Official Languages Act in the Department of Finance for the years 2003 to 2008. Year 2003 Payment made by Total Amount Paid Dept. of Finance No payments Year 2004 Payment made by Total Amount Paid Dept. of Finance €82,308.38 Year 2005 Payment made by Total Amount Paid Dept. of Finance...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, in general, where special contributions, that is additional voluntary contributions not made on a regular basis, are made by a member of an occupational pension scheme he or she may, subject to the relevant age related and overall earnings limits, (i) claim tax relief on the contribution in the tax year in which the contribution is made, or (ii)...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that based on personal income tax returns filed by non-PAYE taxpayers for the years 2006 and 2007, the estimated amount of tax foregone by allowing a deduction for interest on borrowings to be offset against rents assessable under Case V, Schedule D is set out as follows. Year Estimated Tax Forgone €m 2006 594 2007 (provisional) 877 The...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (3 Feb 2009)

Brian Lenihan Jnr: Those institutions that have executed a guarantee acceptance deed and have then been designated in an order by the Minister for Finance are "covered institutions". The list of "covered institutions", including their subsidiaries is: Covered Institution Subsidiary Date added to the Scheme Allied Irish Bank plc AIB Mortgage Bank 24 October 2008 AIB Group (UK) plc AIB Group (UK) plc ...

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

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the person in question has not been in contact with Revenue in relation to this matter. A person of 65 or over can claim exemption from DIRT once their total income is below the relevant annual exemption limit. The current annual exemption limits are €20,000 for a single person and €40,000 for a married couple. Forms 54 D have issued...

Stabilisation of the Public Finances: Motion. (4 Feb 2009)

Brian Lenihan Jnr: I move: That Dáil Éireann: supports the expenditure measures announced by the Government to restore greater balance between revenue and spending; affirms its confidence in the economic strategy of the Government to restore the economy to growth as soon as possible; and calls on all sections of our country to follow the lead of the Government and show the social solidarity needed to tackle...

Stabilisation of the Public Finances: Motion. (4 Feb 2009)

Brian Lenihan Jnr: While I am in the hands of the House in this matter, I note Deputies are anxious to adjourn and have their nourishment.

Stabilisation of the Public Finances: Motion (Resumed) (4 Feb 2009)

Brian Lenihan Jnr: The great bulk of the saving will come from a new pension-related payment which will be paid by all public servants including Deputies and Senators. Those who have already made a voluntary surrender of salary, among them some Members of the Oireachtas may discontinue that surrender and continue to make their contribution through the new pension payment. For their part the members of the...

Stabilisation of the Public Finances: Motion (Resumed) (4 Feb 2009)

Brian Lenihan Jnr: The figure is €1.81 billion.