Results 8,421-8,440 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (10 Feb 2009)

Brian Lenihan Jnr: As is the norm, the additional pension contribution to be made by public servants will attract tax relief. The actual amount of tax relief depends on an individual's circumstances but as a broad rule of thumb it is estimated that about one third of the amount will accrue in tax relief to public servants. As a result, the €1.4 billion is a saving on the expenditure side of the account that...

Written Answers — Public Sector Pay: Public Sector Pay (10 Feb 2009)

Brian Lenihan Jnr: The savings in question, which are on an annual basis, breakdown as follows: €1.35bn to be achieved through the public service pension-related deduction and €50 million to be achieved mainly through a reduction in travelling and subsistence rates, along with some other adjustments.

Written Answers — Departmental Expenditure: Departmental Expenditure (10 Feb 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 251 and 252 together. Of the €140 million savings from general administrative efficiencies, €50 million is in respect of savings arising from the non-payment of the pay increase that had been scheduled for payment on 1 September 2009; €25 million is from further administrative efficiencies across all areas; €25 million from savings on procurement; and...

Written Answers — Departmental Programmes: Departmental Programmes (10 Feb 2009)

Brian Lenihan Jnr: The capital allocation for every Department announced in Budget 2009 was reduced pro-rata by 1.8% to raise €150 million which has been allocated to school building work and to home insulation and energy efficiency measures. Every Department will now have to examine its planned expenditure for 2009 and identify where the reductions can be made. However, we are achieving far more output for...

Written Answers — Tax Yield: Tax Yield (10 Feb 2009)

Brian Lenihan Jnr: Monthly profiles of projected receipts and expenditure are normally published by the end of January every year. However, this year, reflecting the fact that the tax forecasts were revised at the start of January, the publication of tax revenue profiles has been delayed. I expect my Department to publish these tax profiles shortly. In relation to projected Exchequer expenditures, the...

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the net receipt in the years 2005 to 2008 from stamp duty on cheques issued by financial institutions is as follows: Year 2005 2006 2007 2008 â'¬m â'¬m â'¬m â'¬m Net Receipt from Cheques 16.5 16.7 18.6 30.5 The rate of stamp duty on cheques which applied in each year is as follows: Year Rate 2005 15c per cheque 2006 15c per...

Written Answers — Tax Code: Tax Code (10 Feb 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the rate of capital gains tax (CGT) payable for the disposal of an asset is the rate on the date of disposal of that asset. For CGT purposes, the date of disposal of land acquired under a compulsory purchase order is the earlier of the date the authority enters on the land, and the date on which the compensation is agreed. This general rule...

Written Answers — Consultancy Contracts: Consultancy Contracts (10 Feb 2009)

Brian Lenihan Jnr: The following table sets out the private consultancy firms used by my Department and the offices under its aegis in the periods to which the Deputy refers. In the time available to answer the question, the Office of Public Works was unable to compile the information sought by the Deputy. However, the information will be compiled by that Office and forwarded to the Deputy as soon as possible....

Written Answers — Departmental Staff: Departmental Staff (10 Feb 2009)

Brian Lenihan Jnr: I assume the Deputy is referring to performance related awards schemes for civil servants for civil servants, which fall into three categories. Assistant Secretary Awards: Following recommendations made by the Review Body on Higher Remuneration in the Public Sector, schemes of performance-related awards were introduced for the levels of Deputy Secretary and Assistant Secretary in the civil...

Written Answers — Tax Code: Tax Code (10 Feb 2009)

Brian Lenihan Jnr: The position is that there are no specific tax reliefs available for individuals who care for a person with a disability. However, the carer may be entitled to tax relief under the heading of health expenses in respect of any qualifying health expenses paid by him or her in respect of the other person. In the absence of the personal details relating to the specific case giving rise to the...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (10 Feb 2009)

Brian Lenihan Jnr: Anglo Irish Bank is being run on an arms length commercial basis. Accordingly, the normal ongoing business of the bank, which includes the pay and conditions of staff, is a matter for the Board of Anglo. As the Deputy will be aware, the remuneration of directors and senior executive staff of Anglo Irish Bank is being considered in the Covered Institution Remuneration Oversight Committee...

Written Answers — Tax Yield: Tax Yield (10 Feb 2009)

Brian Lenihan Jnr: I understand the Deputy is referring to the income levy. I am informed by the Revenue Commissioners that an increase in the income levy from 2% to 3% on incomes above €200,000 would yield approximately €8 million in a full year. The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2005 adjusted as necessary for income and employment growth for...

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: I understand the Deputy is referring to the income levy. I am informed by the Revenue Commissioners that an increase in the income levy from 2% to 3% on incomes above €100,100 would yield approximately €45 million in a full year. The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2005 adjusted as necessary for income and employment growth for...

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: It is estimated that the pension related deduction will yield in the region of €300 million in a full year from public service workers in the pay band mentioned by the Deputy. It is further estimated that the non-payment of the pay phases under the Review and Transitional Agreement will yield, for the group in question, some €55m in 2009, €220m in 2010 and €260m in 2011.

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: The taxation of individuals in the State is in line with that prevailing in other jurisdictions, that is to say — (a) individuals who are resident in the State for tax purposes are taxable here on their worldwide income; and (b) individuals who are not resident here for tax purposes pay tax here only on income arising in the State. I have no plans to change this treatment and nor have I...

Written Answers — Harbour Authorities: Harbour Authorities (10 Feb 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that one officer is assigned full time to Killybegs Port and is accommodated in Killybegs Fisheries Harbour Centre. The Revenue Anti-Evasion Team also covers Killybegs Port as part of their ongoing patrols. Customs officers have assessed the risk at Killybegs and other ports or landing places over a number of years and this assessment is being...

Written Answers — Pension Provisions: Pension Provisions (10 Feb 2009)

Brian Lenihan Jnr: The pension deduction element of the payroll saving will be €1.35 billion in a full-year and €1.12 billion in 2009. These savings will be applied to the benefit of the Exchequer and are not earmarked for the National Pension Reserve Fund. It will not affect the gross cost of existing or future public service pension payments. The introduction of the pension deduction does not give rise...

Written Answers — Mortgage Payments: Mortgage Payments (10 Feb 2009)

Brian Lenihan Jnr: As I stated in this House on 27 January 2009 measures are already in place to support households that experience difficulties in meeting their mortgage payments. For example, the Mortgage Interest Supplement, administered by the Community Welfare Service of the Health Service Executive on behalf of the Department of Social and Family Affairs, provides assistance where the mortgage relates to...

Order of Business (11 Feb 2009)

Brian Lenihan Jnr: Shame.

Order of Business (11 Feb 2009)

Brian Lenihan Jnr: We are part of the eurozone. The Deputy should not forget that.