Results 9,181-9,200 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Rental Sector: Rental Sector (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 161 and 162 together. I am advised by the Revenue Commissioners that they are not in a position to state definitively the number of overseas landlords who rent out dwellings within the State to tenants. Where the taxpayer, or tenant, indicates to the Revenue Commissioners that the landlord is non-resident, a reduction in tax credits is automatically created...

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

Brian Lenihan Jnr: The Central Statistics Office compiles and publishes an annual survey, known as Survey on Income and Living Conditions in Ireland, which contains the information requested, concerning gross household income and income tax paid by income decile. Table 17 of the 2007 survey, entitled Key Indicators of Poverty and Social Inclusion in EU Member States, provides information in relation to the...

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

Brian Lenihan Jnr: In matters relating to the VAT rating of goods and services, I am constrained by the requirements of EU VAT law with which Irish VAT law must comply. In relation to the VAT rate that applies to defibrillators, the position is that under the VAT Directive, member states may retain the zero rates on goods and services that was in place on 1 January 1991, but cannot extend the zero rate to new...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Mar 2009)

Brian Lenihan Jnr: If the customer of the regulated financial service provider (details as supplied) has complained in writing to the lender about failure to notify of changes to its mortgage services and has not had a satisfactory response, he should take his complaint to the Financial Services Ombudsman. The remit of the Financial Services Ombudsman, which is an independent statutory body, is to investigate,...

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

Brian Lenihan Jnr: I propose to take Questions Nos. 168 and 169 together. The amounts deducted in 2007 and 2008 through the payroll for my Department and a number of offices under the aegis of my Department in respect of the superannuation contributions of staff, including contributions to the various pension schemes, contributions to the spouses and children's schemes, and purchase of notional service, are as...

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

Brian Lenihan Jnr: Twelve 12 officers with professional accountancy qualifications are employed in my Department. A further seven staff have degrees in accounting or accounting-related disciplines.

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

Brian Lenihan Jnr: In the case of second-hand cars a special scheme is in place in Ireland, following strong representations from the motor industry, rather than the margin scheme that is operated in most other member states. The special scheme allows motor dealers to claim credit for residual input VAT at the time of purchase which is considered to be included in the cost of acquiring a car from a customer....

Written Answers — Tax Collection: Tax Collection (10 Mar 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that an amended tax credit certificate will not issue to the person for 2009 as a consequence of the exceptional change in circumstances. An amendment to the person's tax credits will be required for 2010.

Written Answers — Departmental Advertising: Departmental Advertising (10 Mar 2009)

Brian Lenihan Jnr: The following table sets out the cost of public advertising paid for by my Department and by the offices under its aegis in 2008. Advertising required by statute Advertising not required by statute Total € € € Commission for Public Service Appointments 20,585 17,819 38,404 Department of Finance — 128,062 128,062 Office of Public Works See note See note 376,425 Office of the...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the total number of income earners aged 65 years and over who are entirely exempt from income tax in accordance with the exemption limits is estimated to be of the order of 27,200 for the 2009 income tax year. A further 13,600 of taxpayers are estimated to benefit from the marginal relief system. The figures are estimates from the Revenue...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the Schedule set out below identifies those sections of the Taxes Consolidation Act 1997 (as amended) which provide for a full or partial exemption from income tax. In circumstances where the section ceases to have effect at a date in the next year this has been highlighted. Due to the time restraints some minor legislative provisions have been...

Written Answers — Financial Services Regulation: Financial Services Regulation (10 Mar 2009)

Brian Lenihan Jnr: I have no function in setting interest rates. My function is to provide an appropriate legislative framework for regulation of the financial services sector. The choice of mortgage product ultimately rests with consumers in light of their assessment of the terms and conditions that their lending institution offers. The decision of borrowers is influenced by a range of factors such as their...

Written Answers — Financial Services Regulation: Financial Services Regulation (10 Mar 2009)

Brian Lenihan Jnr: I have no function in relation to revaluing existing contractual commitments between lenders and borrowers. My function is to provide an appropriate legislative framework for regulation of the financial services sector. Recent cuts in the main ECB rate have helped to reduce the monthly mortgage repayments for those on variable rate and tracker mortgages. Successive budgets since 2006 have...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the place of supply of goods and services for VAT purposes is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under the EU VAT Directive the supply of construction works or civil engineering works are treated as being made where the immovable goods or the associated lands are situated. Thus, services such as those...

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

Brian Lenihan Jnr: Regulations will be introduced under Section 3 of the Financial Emergency Measures in the Public Interest Act 2009 for the purpose of the calculation, making, collection, disposal and recovery of the deductions. The deductions will be made on what is known as a "week-1 basis". This means that each payroll pension related deduction is calculated without reference to the previous pay period....

Written Answers — Departmental Schemes: Departmental Schemes (10 Mar 2009)

Brian Lenihan Jnr: The purchasing of bicycles under the cycle to work scheme must be in compliance with procurement regulations. My Department is currently in discussions with the Government Supplies Agency on how the proposed scheme might be put into operation and the correct procurement procedures put in place. A circular will issue once an appropriate tendering system is in place. My Department and the...

Written Answers — EU Funding: EU Funding (11 Mar 2009)

Brian Lenihan Jnr: My Department is responsible for, amongst other things, overall policy in relation to Ireland's EU Structural and Cohesion Funds. It is responsible for drawing down the European Regional Development and Cohesion Funds which are paid into the Central Fund as a capital receipt. It also plays a central role in the development and monitoring of the programmes/projects through which the Funds are...

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Mar 2009)

Brian Lenihan Jnr: As the Deputy is aware Anglo Irish Bank Corporation is a public body for the purposes of the Ethics in Public Office Acts 1995 to 2001. The relevant employees of the bank are, by virtue of regulation 5 of SI No 699 of 2004, subject to the provisions of these Acts. It is necessary, however, to designate the positions of Chairman and members of the Board for the purposes of the Acts. The...

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Mar 2009)

Brian Lenihan Jnr: Anglo Irish Bank is being run on arms length commercial basis. The Board of Anglo is currently preparing a comprehensive business plan which will be required to demonstrate how the Board will oversee the continued commercial operation of the bank in the best interests of the bank, the financial sector generally and the State. This report, which will include details of the proposed risk...

Written Answers — Tax Collection: Tax Collection (11 Mar 2009)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that a person may claim a refund of tax when they become unemployed, provided they have paid tax while employed in that year. The person in question should complete a Form P 50 and submit it with their P45 (parts 2&3) to the Revenue Commissioners, PAYE Mail Centre, P O Box 63, Ennis, Co Clare. The Form P 50 can be obtained: on-line at www....