Results 14,061-14,080 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the most recent year for which final information is available on the cost to the Exchequer, and the numbers of taxpayers availing, of the tax relief for tuition fees is for the income tax year 2006. The relevant figures are shown in the following table. Year Estimated cost to the Exchequer €m Estimated Numbers 2006 16 30,800 The numbers...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed for medical insurance premia in 2009 is provisionally estimated at €374 million. The numbers availing of the scheme relate to the number of policies issued as it is not possible to compile a reliable count of the number of individual claimants. For 2008, the latest year for which it is available,...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that provisional estimates, on a preliminary basis, of the cost to the Exchequer of the home carer tax credit and the associated number of income earners availing of it for the income tax years 2010 are as follows: Tax year Estimated cost to the Exchequer €m Estimated numbers availing 2010 57 68,400 The figures for 2010 are estimates from the...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of changing the standard rate of tax by 1%, 2%, 3%, 4% or 5% would be approximately €420 million, €840 million, €1,260 million, €1,680 million and €2,100 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of changing the higher rate of tax by 1%, 2%, 3%, 4% or 5% would be approximately €145 million, €290 million, €435 million, €580 million and €725 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data for the...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of reducing the single person tax credit by €100 would be of the order of €155 million. The reduction mentioned in the Deputy's question is assumed to apply in similar measure to widowed persons and to include the normal consequential reductions in the tax credit...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: It is assumed that the threshold for the proposed new tax band mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2010 incomes, of the introduction of a new 48% rate...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated notional yield, inclusive of VAT, in 2010 and 2011 from the carbon tax if the rate remains at €15 per tonne or was set at €25 per tonne is set out below. 2010 Est. Yield(inclusive of VAT) 2011 Est. Yield(inclusive of VAT) Carbon Tax @ €15 per tonne €250m €330m Carbon Tax @ €25 per tonne €420m €550m

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer from increasing the Capital Acquisitions Tax rate by 1%, 2%, 3%, 4% or 5%, based on the Budget estimate of €240 million for 2010, could be in the region of €9.5 million, €19 million, €29 million, €38 million and €48 million respectively. It should be noted that this estimate is based...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated full year gain from increasing the rate of Capital Gains Tax (CGT) by 1% is €16 million; by 2% is €32 million; by 3% is €48 million; by 4% is €64 million; and by 5% is €80 million. These estimates assume no behavioural changes on the part of taxpayers. CGT is very dependent on individual behaviour and a change in rate may...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Commission for Communications Regulation (ComReg) that no projections are made for mobile telephone usage, whether calls or texts. The only basis for estimating the yield from a tax on text messages is the figures for mobile telephone usage per quarter supplied by the companies to ComReg. In the 12 months to end December 2009, the last 12 month period for which figures...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: It is assumed that the imposition of a cap of €50,000 as mentioned in the question would have the effect of withdrawing the tax exemption from all qualifying income in excess of €50,000. On this basis, I am advised by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to the claims for the exemption made in income tax returns for the tax year 2007,...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the most recent year for which the necessary detailed information is available regarding tax relief for trade union subscriptions is the income tax year 2006, in which the cost to the Exchequer is estimated at approximately €19 million. On this basis, the full year yield to the Exchequer of abolishing tax relief for trade union subscriptions...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that estimates of the full year cost to the Exchequer of tax reliefs for heritage items and property are reproduced in the following table. Heritage Relief Year Cost €m Payment of tax by means of donation of heritage items. 2009 0.7 Payment of tax by means of donation of heritage property to the Irish heritage trust. 2009 0 Income tax relief...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I propose to takes Questions Nos. 156 to 158, inclusive, together. The implementation of the pay reductions provided for under the Financial Emergency Measures in the Public Interest (No. 2) Act, 2009 substantially altered the range of earnings of public servants to that which applied in 2009. The estimates sought by the Deputy are based upon the pay reductions implemented with effect from 1...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: It is estimated that the abolition of performance related awards in the public service would yield approximately €8.0 million in 2010 and 2011.

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that based on personal income tax returns filed by non-PAYE taxpayers for the year 2008, the latest year for which this information is available, the 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 estimated to have been of the order of €1,150...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of all property related tax schemes is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the year 2008, the latest year for which this information is available. These are set out in the following table: Scheme 2008...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 162 to 165, inclusive, together. I am informed by the Revenue Commissioners that the full year yields arising from the increases requested, inclusive of VAT, are as set out in the following table. 1 cent, inclusive of VAT 5 cent, inclusive of VAT 10 cent, inclusive of VAT 50 cent, inclusive of VAT Est Yield €m Est Yield €m Est Yield €m Est...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 166 and 167 together. I am informed by the Revenue Commissioners that the estimated full year yield to the Exchequer from Mineral Oil Tax in respect of petrol and auto-diesel at the stated increases, inclusive of VAT, is as follows: Excise DutyIncrease (inclusive of VAT) Estimated Yieldfor Petrolâ'¬m Estimated Yieldfor Auto-dieselâ'¬m 5 cent 86.9 96.0...