Results 13,421-13,440 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (27 Apr 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that over 4,500 claims have been processed under the car scrappage scheme up to 23rd April 2010. Refunds of VRT amounting to approx €6.5 million were made to car dealers in respect of these claims. There is currently no backlog of scrappage claims. Around 80 – 100 claims are being received per day at present and these are being processed on...

Written Answers — Tax Code: Tax Code (27 Apr 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 132 and 143 together. I am informed by the Revenue Commissioners that Section 92B of the Stamp Duties Consolidation Act 1999 provides for an exemption from Stamp Duty where a house is purchased by a first time buyer. A person will not qualify for the exemption if he or she has previously purchased a house either within or outside of Ireland. From the details...

Written Answers — Financial Services Regulation: Financial Services Regulation (27 Apr 2010)

Brian Lenihan Jnr: The concerns outlined in the correspondence enclosed by the Deputy refer to the need to update legislation governing the operation and regulation of credit unions in Ireland and to the proposal to amend Section 35 of the Credit Union Act 1997 which imposes limits on credit unions in relation to longer-term lending. With reference to credit union legislation, I agree that the current...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (27 Apr 2010)

Brian Lenihan Jnr: There is no provision under the terms of the Credit Institutions (Financial Support) Scheme 2008 for the action proposed by the Deputy in relation to art collections of covered institutions. Under the terms of the Scheme, covered institutions pay a quarterly charge to the Exchequer in respect of the guarantee provided under the scheme. Accordingly, no consideration has been given to...

Written Answers — National Lottery: National Lottery (27 Apr 2010)

Brian Lenihan Jnr: The sales of Lotto and Lotto plus for the draw of 14 April 2010 and for the entire roll-over sequence, which began on 10th March 2010, was €60.7 million. Section 5 of the National Lottery Act 1986 provided that the surplus from the National Lottery may be used for the following purposes: Sport and other recreation; national culture, including the Irish Language; the arts, within the...

Written Answers — Tax Code: Tax Code (27 Apr 2010)

Brian Lenihan Jnr: Farmers who are not registered for VAT are not in the normal course entitled to credit for, or repayment of, VAT incurred by them on their business inputs. The Value-Added Tax (Refund of Tax) (No 25) Order, 1993 provides for refunds to unregistered farmers for tax borne on the "construction, extension, alteration or reconstruction of any building or structure which is designed for use solely...

Written Answers — Tax Code: Tax Code (27 Apr 2010)

Brian Lenihan Jnr: I announced in the Budget that a carbon tax at a rate of €15 per tonne is being introduced on fossil fuels. The tax was applied to petrol and auto-diesel with effect from midnight, 9 December 2009; and will apply from 1 May 2010 to kerosene, marked gas oil (also known as 'green diesel' or 'agricultural diesel'), liquid petroleum gas (LPG), fuel oil and natural gas. The application of the...

Written Answers — Public Service Contracts: Public Service Contracts (27 Apr 2010)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest (No 2) Act, 2009 makes provision for the reduction in the pay rates of all persons employed by public service bodies with effect from 1 January 2010. As publicly funded third-level institutions come within the definition in the Act of public service bodies, post-doctoral researchers employed by such universities are considered public...

Written Answers — Public Service Contracts: Public Service Contracts (27 Apr 2010)

Brian Lenihan Jnr: Under the Government's Capital Works Management Framework (CWMF), my Department has developed a standard model form of Performance Bond, which is to be used in the procurement of public works contracts. During the procurement process contractors have to show evidence that they can obtain such a Performance Bond, which has been designed specifically to deal with issues of insolvency,...

Written Answers — Tax Collection: Tax Collection (27 Apr 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the inheritance tax payment in question was paid by the individual in accordance with a return submitted on her behalf by her solicitor on 12 January 2004. The tax was in respect of one benefit taken under a will. The payment in question, although not the full liability, was paid in advance of the due date. The balance of the tax due was paid...

Written Answers — Tax Code: Tax Code (27 Apr 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that a Tax Clearance Certificate issued to the person in question on the 9th March 2010.

Written Answers — Flood Relief: Flood Relief (27 Apr 2010)

Brian Lenihan Jnr: I refer to the responses to Parliamentary Questions Nos. 73 and 146 on 22nd April 2010. My Department made an application to the EU Commission on 27th January 2010 for funding under the EU Solidarity Fund based on estimates of damage received from Departments and local authorities. The application was formally acknowledged by the Commission on 24th February 2010. The EU Solidarity Fund...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (27 Apr 2010)

Brian Lenihan Jnr: The particular institutions referred to by the Deputy in his question are subject to regulation, in accordance with the relevant statutory provisions, by the Financial Regulator. The Financial Regulator's principal responsibility involves the ongoing monitoring of financial institutions in order to ensure their solvency and compliance with all other regulatory requirements on an individual...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (27 Apr 2010)

Brian Lenihan Jnr: I was appointed Minister for Finance on the 1st May 2008. During the period from my appointment to the date referred to in the Deputy's question, I had meetings with senior representatives of several domestic and international financial institutions operating in Ireland. This, as I have said previously is normal practice for a Minister of Finance. As would be expected, given international...

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: Budget 2010 set out the forecasts for the general Government deficit for the period to 2014. The target for 2011 is for the general Government deficit to be 10% of GDP, which is an improvement over the planned deficit for this year of 11.5% of GDP. The most recently published fiscal data, the Exchequer returns for the first quarter, were broadly in line with expectations and demonstrate...

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: The Deputy raises two broad questions. First, our commitments under the Stability and Growth Pact remain unchanged as a result of this, and the reclassification which has already taken place does not affect in any way our Stability and Growth Pact obligations. Deputy Bruton went on to ask what impact this will have on the accounting treatment of the recapitalisation of Anglo Irish Bank and...

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: I am not suggesting I have already obtained such assurance. I am saying to the Deputy that the target is perfectly attainable without taking these matters into account.

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: It does not affect the budgetary targets.

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: The EU has not even raised the issue with us.

Fiscal Policy. (28 Apr 2010)

Brian Lenihan Jnr: I am giving the Deputy clarity now.