Results 9,221-9,240 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Yield: Tax Yield (12 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 91 and 92 together. I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2009, of an increase in the income levy to 5% and 10% on incomes above €200,000 would be of the order of €90 million and €295 million respectively. The yield in 2009, if implemented from 1 April, would be of the order of...

Written Answers — Tax Yield: Tax Yield (12 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2009, of abolishing mortgage interest relief for non-first time buyers would be of the order of €140 million. The yield in 2009, if implemented from 1 April, would be of the order of €100 million.

Written Answers — Tax Yield: Tax Yield (12 Mar 2009)

Brian Lenihan Jnr: A restriction of mortgage interest relief for new first time buyers along the lines suggested by the Deputy would not generate an Exchequer saving in the cost of tax relief before 2012. However, if it is assumed that the average mortgage is €225,000, the average mortgage rate is 3.75%, the average length of mortgage for first time buyers is 30 years, non-first time buyer relief is not...

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the total identifiable costs to the Exchequer of all income tax and corporation tax allowances, reliefs, exemptions and tax credits available, are set out in the following tables for 2004 and 2005, the most recent year for which the necessary historical information is available in the required detail. Relevant notes relating to items in the...

Written Answers — Tax Yield: Tax Yield (12 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 96 to 98, inclusive, together. I have been informed by the Revenue Commissioners that the receipts from betting duty are set out below. The decrease in yield for 2007 arose from the reduction in the betting duty from 2% to 1% with effect from 1 July 2006. 2006 — €54.3m 2007 — €36.4m 2008 — €36.6m (estimate) Arising from the slowdown in economic...

Written Answers — Decentralisation Programme: Decentralisation Programme (12 Mar 2009)

Brian Lenihan Jnr: The Office of Public Works are currently exploring options for advance party accommodation in Kildare. Any proposals or recommendations from the OPW will have to be examined on a value for money basis by my Department. Decisions in relation to staffing matters (including those of the individual whose details you have supplied) will be finalised when the value for money process is complete.

Written Answers — Financial Services Regulation: Financial Services Regulation (12 Mar 2009)

Brian Lenihan Jnr: My function, as Minister for Finance, is to provide an appropriate legislative framework for regulation of the financial services sector. Within that framework the Financial Regulator is responsible for the regulation of the financial institution referred to in the Deputy's question and for protecting the interests of consumers in line with its statutory consumer protection mandate. Regulated...

Written Answers — Departmental Licences: Departmental Licences (12 Mar 2009)

Brian Lenihan Jnr: The information requested by the Deputy in relation to licenses and permits issued by my Department and bodies under the remit of my Department is set out in the following tables. In the time available the Office of Public Works were not in a position to compile the information requested. This will be sent directly to the Deputy as soon as it is available. The Deputy may be aware that as...

Written Answers — Telecommunications Services: Telecommunications Services (24 Mar 2009)

Brian Lenihan Jnr: The provision of modern, secure digital radio communications services is regarded as critical to the effective operations of the emergency and security services of the State. Following a comprehensive EU procurement exercise, a central agreement between the Minister for Finance and Tetra Ireland Communications Ltd. for the provision of national digital radio services for voice and data...

Written Answers — Small Business Sector: Small Business Sector (24 Mar 2009)

Brian Lenihan Jnr: The European Investment Bank (EIB) announced on 3 October 2008 that it was increasing its support for Europe's small and medium-sized enterprises (SMEs), to help mitigate the effects of the current credit crisis, through the establishment of a €30 billion facility to provide loans to SMEs through commercial banks. Participation in the facility is a commercial decision for individual...

Written Answers — Pension Provisions: Pension Provisions (24 Mar 2009)

Brian Lenihan Jnr: I have no proposals to discontinue the pension-related deduction in the case of retained firefighters. I did, however, undertake during the Dáil debate on the pension-related deduction to have the case of the retained firefighters examined to see if there are exceptional circumstances with regard to this group of public servants. That examination is in progress.

Written Answers — Tax Code: Tax Code (24 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 169 and 193 together. I met with representatives of the association referred to in the Deputies' questions on 17 February 2009. They raised a number of issues with me including: auditing requirements; the reforms of the regulatory structures; the supervision of insurance mediation carried out on an incidental basis; and the treatment of basic insurance...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (24 Mar 2009)

Brian Lenihan Jnr: The Deputy will be aware that Financial Regulator published its Code of Conduct on Mortgage Arrears on 13th February in keeping with the Government's announcement on recapitalisation arrangements. This Code applies only to mortgage lending activities to consumers in respect of their principal residence in the State, by all regulated entities operating in the State. Under the Code, where a...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (24 Mar 2009)

Brian Lenihan Jnr: The Deputy will be aware that Financial Regulator published its Code of Conduct on Mortgage Arrears on 13th February in keeping with the Government's announcement on recapitalisation arrangements. This Code applies only to mortgage lending activities to consumers in respect of their principal residence in the State, by all regulated entities operating in the State. Under the Code, where a...

Written Answers — Financial Institution Support Scheme: Financial Institution Support Scheme (24 Mar 2009)

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

Written Answers — Tax Code: Tax Code (24 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2009, from the changes mentioned by the Deputy is estimated to be of the order of €19 billion. The existing general and age exemption limits were retained for the purpose of this estimate. The figures are estimates from the Revenue tax-forecasting model using actual data for the...

Written Answers — Tax Collection: Tax Collection (24 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that a notice of assessment issued to the taxpayer on the 20th February 2009.

Written Answers — Tax Code: Tax Code (24 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 176, 192 and 204 together. I am conscious of the decline in new car sales both in Ireland and internationally, due to the contraction in economic activity. I and officials of my Department have met with representatives of the motor industry, where they have put forward various proposals regarding the introduction of a car scrappage scheme and the existing...

Written Answers — Tax Code: Tax Code (24 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 177, 178, 180, 191 and 198 together. I am conscious of the decline in the car industry in Ireland and internationally due to the contraction in economic activity. In the case of second-hand cars a special VAT scheme is in place in Ireland, following strong representations from the motor industry, rather than the Margin Scheme operated in most other Member...

Written Answers — Tax Yield: Tax Yield (24 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the revenue the Exchequer received from excise duties on beer, wine, spirits and cider in each year from 1997 to 2008 is set out in the following table. The figures provided in relation to 2008 are provisional at this juncture. Beer Spirits Wine Cider Total â'¬ m â'¬ m â'¬ m â'¬ m â'¬ m 1997 449.3 183.0 83.0 20.4 735.7 1998...