Results 10,641-10,660 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Banking Sector: Banking Sector (9 Jul 2009)

Brian Lenihan Jnr: As the Deputy is aware Anglo Irish Bank is being run on a commercial basis and at arms length from Government. Decisions of a commercial nature, such as this, are a matter for the Bank. Further, as the matter which the Deputy refers is subject of Court proceedings it would not be appropriate for me to comment.

Written Answers — Tax Yield: Tax Yield (9 Jul 2009)

Brian Lenihan Jnr: It is assumed that the Deputy is referring to the Biofuels Mineral Oil Tax Relief Scheme provided for in the Finance Act 2006. Under that Scheme, biofuel produced under projects approved by the Department of Communications, Energy and Natural Resources are exempt from mineral oil tax (excise duty). This serves to reduce the additional costs associated with the production of biofuels and...

Written Answers — EU Directives: EU Directives (9 Jul 2009)

Brian Lenihan Jnr: I refer to my answer to Question No. 297 of 27 January 2009. EU Member States are required to transpose the Payment Services Directive into national law before 1 November 2009. Regulations to give effect to the Directive in Irish law will be made under the European Communities Acts 1972 to 2007 and I intend that these regulations will be made in good time to enable prospective payment...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (9 Jul 2009)

Brian Lenihan Jnr: The Financial Regulator has the statutory authority and responsibility to regulate and supervise credit institutions. The Financial Regulator recently carried out a review of loans to directors in financial institutions and is imposing conditions on banks and building societies following this review. With regard to staff, the Financial Regulator has informed me that it expects the Board and...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (9 Jul 2009)

Brian Lenihan Jnr: All insurance and reinsurance undertakings, including those undertakings transacting international business, are obliged under EU rules to hold assets to cover their liabilities as well as a solvency margin, which acts as a buffer against adverse developments. In Ireland, insurance and reinsurance undertakings operate at a level above the EU minimum standard as an additional safety measure....

Written Answers — Public Service Staff: Public Service Staff (9 Jul 2009)

Brian Lenihan Jnr: The number of people employed in the public service at the 31 December 2008 and the most recent available information, as reported to my Department, is presented in the following table. The public service is composed of the civil service, the education sector, the justice sector, the health sector, the local authorities and the non-commercial agencies. With regard to the 2009 numbers, the...

Written Answers — Public Service Staff: Public Service Staff (9 Jul 2009)

Brian Lenihan Jnr: The following table sets out the position in relation to staff in my Department and bodies under its aegis who have applied for the Incentivised Early Retirement Scheme, the Incentivised Career Break Scheme and who have been made redundant in 2009 to date. Department/Office Incentivised Early Retirement Scheme Incentivised Career Break Scheme Redund-ancies Department of Finance 17 6 0...

Written Answers — Tax Yield: Tax Yield (9 Jul 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated amounts of Income Levy collected in each month to date in 2009 are contained in the following table. Month Income Levy (€m) February 53 March 57 April 61 May 56 June 103 The figure for the month of June is provisional and subject to revision. The latest available detailed receipts for the pension related-deduction on...

Written Answers — Insurance Industry: Insurance Industry (9 Jul 2009)

Brian Lenihan Jnr: The 2008 EU Memorandum of Understanding (MoU) on co-operation between the Financial Supervisory Authorities, Central Banks and Finance Ministries of the European Union on cross-border financial stability commits all signatories to cooperate across borders between relevant authorities, both in normal times, in order to ensure preparedness for the management of a potential cross-border crisis...

Written Answers — Tax Code: Tax Code (9 Jul 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 132 and 133 together. I am informed by the Revenue Commissioners that the estimated numbers of income earners availing of the one parent family credit, under section 462, Taxes Consolidated Act 1997, broken down by personal status and by gender for the income tax years 2000/01 to 2009 inclusive are set out in the following tables to the extent to which they...

Written Answers — Tax Code: Tax Code (9 Jul 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that credit claims and requests for refunds from PAYE taxpayers are checked on a tiered basis based on value. Larger claims are subject to a higher proportion of examination as they are thought to be higher risk. I am further advised that overall, about 1% of claims for all tax credits, including One Parent Family Credit, are verified in this way....

Written Answers — Tax Code: Tax Code (9 Jul 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 2003 to 2007, the latest year for which this information is available, the estimated amount of tax foregone by allowing a deduction for interest on borrowings to be offset against rental income assessable under Case V, Schedule D is set out in the following table. ...

Written Answers — Customs Service: Customs Service (9 Jul 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that they will be taking delivery of the new cutter at the end of September 2009. Following normal sea-trials the cutter will be brought into service in mid October 2009. This will bring the number of Revenue Customs cutters to two. Both cutters will have a national remit, to include the Donegal coastline. Either or both vessels can and will be...

Written Answers — Financial Services Regulation: Financial Services Regulation (9 Jul 2009)

Brian Lenihan Jnr: The Deputy's question refers to the commitment I gave in this House on 26 March 2009 to request the Consumer Director in the Financial Regulator - which has a statutory mandate to safeguard customers' interests - to examine the level of redemption fees charged by banks to customers wishing to exit from fixed rate mortgages. My Department received a copy of the Financial Regulator's report on...

Written Answers — Tax Code: Tax Code (9 Jul 2009)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am advised by the Revenue Commissioners that the mortgage holder in question has been in receipt of mortgage interest relief since 2006 as a first-time buyer and will continue to be entitled to claim mortgage interest relief until the end of 2012. I am also advised that the mortgage interest relief in this instance is on a joint mortgage where...

Written Answers — Tax Code: Tax Code (9 Jul 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the matter is still ongoing as the issues involved are complex and the person concerned has not to date provided proof that tax was deducted from the payments made to him. The nature or status of Revenue's enquiries into the tax affairs of other parties is confidential. Therefore it not possible to make any comment on the position...

Written Answers — Financial Services Regulation: Financial Services Regulation (9 Jul 2009)

Brian Lenihan Jnr: When a regulated firm has assigned its rights and responsibilities under a contract which is subject to the Consumer Credit Act 1995 (CCA), to a third party, this will not negate the application of the CCA to that agreement. It is important to note that a consumer's statutory right cannot be set aside or contracted out of by the assignee of an agreement. No new rights are created, and the...

Written Answers — Public Sector Salaries: Public Sector Salaries (9 Jul 2009)

Brian Lenihan Jnr: It is estimated that a saving of approximately €25m would be achieved through the application of a percentage cut of 10% on that element of public service salaries over €100,000. The figure does not include the local authority area which is outside of the public service pay and pensions bill. As the Deputy is aware Members of the Government, Ministers of State, Secretaries General of...

Written Answers — Fiscal Policy: Fiscal Policy (9 Jul 2009)

Brian Lenihan Jnr: The Taoiseach gave an undertaking in the Dáil last week to provide a considered response on behalf of Government to the proposals in Fine Gael's NewEra document. I understand that the Government's response is currently being prepared and I expect that it will issue to Deputy Kenny shortly.

Written Answers — Fiscal Policy: Fiscal Policy (9 Jul 2009)

Brian Lenihan Jnr: In formulating policy responses to the impact of the financial crisis on the Irish financial system, I have welcomed all constructive observations, comments or advices that have been offered. The Government examined a number of ways to deal with the risky assets on the balance sheets of Irish banks, which were preventing banks from lending into the economy and thereby supporting economic...