Results 11,961-11,980 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — EU Directives: EU Directives (2 Dec 2009)

Brian Lenihan Jnr: The Consumer Credit Directive establishes a harmonised legal framework in the European Union for the provision of consumer credit ranging from 200 euro up to 75,000 euro. The Directive was published in the Official Journal of the European Union on 22 May 2008 and requires to be transposed by 11 June 2010. The Directive is being transposed by way of Statutory Instrument and my Department...

Written Answers — Fiscal Policy: Fiscal Policy (2 Dec 2009)

Brian Lenihan Jnr: My Department submitted its response to the EU Commission on 31 August 2009. A copy of this submission is available for downloading on the Commissions Internal Market website.

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 154 and 155 together. A tax exemption for charities is available under section 207 of the Taxes Consolidation Act (TCA) 1997. In order to avail of this exemption a body or trust must be established for charitable purposes only and must also apply all of its income for charitable purposes. I am advised by the Revenue Commissioners that the number of...

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief by way of tax relief at source (TRS) in the ten months to the end of October 2009 is €405 million. The cost for the full year of 2009 is estimated at €460 million.

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: It is a longstanding practice of the Minister for Finance not to comment in advance of the Budget on any tax or expenditure matters that might be the subject of Budget decisions.

Written Answers — Budget Submissions: Budget Submissions (2 Dec 2009)

Brian Lenihan Jnr: I think it is important to clarify that I have not discussed the Budget with any interest groups, however I have met with a number or organisations and representative bodies who wished to see me so that they could formally present their pre-Budget submissions and highlight areas of particular relevance to them. In this context I have held meetings with: - the Community & Voluntary Pillar; -...

Written Answers — Financial Services: Financial Services (2 Dec 2009)

Brian Lenihan Jnr: I am informed by the CBFSAI that it undertook a survey of institutions, looking at the number and value of accounts covered by the Deposit Guarantee Scheme (DGS), in mid-2008. The survey was based on data as of June 2008. At the time the survey was conducted the deposit guarantee scheme provided for compensation of 90 per cent of eligible deposits up to a maximum of €20,000, per...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (2 Dec 2009)

Brian Lenihan Jnr: I share the concerns of the Corporate Governance Association of Ireland. However, I would like to make clear that the arrangement to which the Deputy refers has been agreed to purely as an interim measure and it is not foreseen that this situation will persist beyond the short term. Regarding the appointment of internal candidates, I would remind the Deputy that this is a matter for the...

Written Answers — Tax Collection: Tax Collection (2 Dec 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they have not received a request from the person concerned for a tax refund and that they are writing to the person concerned in relation to the matter.

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: I can confirm that I have received a report commissioned jointly by Aer Lingus, Ryanair and Cityjet from Amsterdam Aviation Economics in relation to the air travel tax. The report and the analysis therein, including those assumptions made by the authors, will require time to be examined by my officials.

Written Answers — Airport Customs Controls: Airport Customs Controls (2 Dec 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the Customs controls at Weston Airport and at private airports in general are risk-based. The controls are carried out by mobile Customs enforcement staff, whose attendance is selective and targeted, based on analysis and evaluation of national and international seizure trends, traffic frequency, routes and other risk indicators. Attendance can...

Written Answers — Tax Collection: Tax Collection (2 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the Vehicle Registration Tax collected per VRT band for 2007, 2008 and for the period January to October 2009 is shown in the attached table. In the case of Category A vehicles/cars, for the period from 1 January 2007 until 30 June 2008 the information relates to bands based on engine size, while the information since 1 July 2008 relates to CO2...

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: Consultations between my Department and the Department of the Environment, Heritage and Local Government with regard to the implementation of the levy are almost complete and details of its introduction will be announced shortly.

Written Answers — Financial Services Regulation: Financial Services Regulation (2 Dec 2009)

Brian Lenihan Jnr: Any building society which has been formed, registered with the Financial Regulator and incorporated in accordance with the requirements of the Building Societies Act, 1989, may undertake any of the activities permitted under the Act. Such activities include, but are not limited to, the making of housing loans. Decisions in relation to which permitted activity or activities an individual...

Written Answers — Financial Services Regulation: Financial Services Regulation (2 Dec 2009)

Brian Lenihan Jnr: Changes in the system in relation to repossession or surrender of property are matters for my colleague the Minister for Justice, Equality and Law Reform. Any proposals for changes will be presented to Dáil Éireann at the appropriate time.

Written Answers — Financial Services Regulation: Financial Services Regulation (2 Dec 2009)

Brian Lenihan Jnr: There are no publicly available data which would satisfy the very specific request of the Deputy. A historical breakdown of outstanding residential mortgages is available on the Central Bank's website. However, the series only begins in December 2003. The value of outstanding mortgages for principal dwellings issued by credit institutions' Irish domiciled offices to Irish residents was...

Written Answers — Tax Code: Tax Code (2 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that approximately 322,000 of the 564,000 mortgage accounts that were in receipt of mortgage interest relief up until the seven-year rule change introduced from 1 May 2009 have continued to receive mortgage interest relief. In the case of accounts where the payment of relief was terminated and subsequently reinstated after receipt of the necessary...

National Assets Management Agency. (3 Dec 2009)

Brian Lenihan Jnr: I am aware of the discussions that took place at the Joint Committee on Finance and the Public Service last week. My understanding is that the bankers in question expressed the view that there is not a shortage of credit available to business but that the risks taken by financial institutions must be compatible with the amount of capital they hold. Banks can currently access funds but the...

National Assets Management Agency. (3 Dec 2009)

Brian Lenihan Jnr: I did not read that out to the Deputy.

National Assets Management Agency. (3 Dec 2009)

Brian Lenihan Jnr: First, as I stated in my reply, my understanding is that the bankers in question expressed this view. I certainly did not make myself a party to their view. I do not agree with their view, as stated to the committee, and that is why the legislation confers power in the Minister for Finance to issue guidelines and to devise appropriate appeal mechanisms on the giving of credit. The banks, as...