Results 14,121-14,140 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: It is assumed that the Deputy's question relates to the letting of a single car-space by an individual who does not require it for personal use. On that basis, the position is that income from the renting of a car-space which is situated in the State is chargeable to tax under Case V of Schedule D. A surplus or deficiency is computed for each year by reducing the gross amount of rent...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 95 and 96 together. It is assumed that the deputy is referring to certain recommendations that were made in the report of the Commission on Taxation. The first of these mentioned by the Deputy proposed that the income tax relief available for donations made to charitable bodies be available only at the standard rate of taxation. Currently tax relief is...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: Charities and non-profit groups engaged in non-commercial activity are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the services they provide and cannot recover VAT incurred on goods and services that they purchase. Essentially only VAT registered businesses which charge VAT are able to recover VAT. With regard to...

Written Answers — EU Directives: EU Directives (16 Jun 2010)

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 up to €75,000. (It does not apply to mortgages). It replaces a 1987 Directive (87/102/EEC), which laid down minimum rules for consumer credit arrangements within the EU. The Directive was transposed into domestic legislation by Statutory...

Written Answers — Departmental Agencies: Departmental Agencies (16 Jun 2010)

Brian Lenihan Jnr: Following requests by the then Department of Enterprise, Trade and Employment I sanctioned the following posts, as exceptional measures under the Moratorium on recruitment and promotions in the public sector: · 4 posts for Enterprise Ireland overseas offices in July 2009 · A further 2 posts for Enterprise Ireland overseas offices in February 2010.

Written Answers — Pension Provisions: Pension Provisions (16 Jun 2010)

Brian Lenihan Jnr: In my reply to the previous question of 30 March 2010 referred to by the Deputy, I said that the Government is aware that individuals who invested some or all of their pension funds in an Approved Minimum Retirement Fund (AMRF) because they did not satisfy the specified income requirement at retirement, may later satisfy that condition. The Government has decided to allow those individuals...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the only circumstances in which the supply of silver coins is exempt from VAT is where they are supplied for use as legal tender in any country. This is provided for in paragraph 6(1)(d) of Schedule 1 to the VAT Act 1972 (as amended). The sale of silver coins, in general, is liable to VAT at the standard rate of 21%. The reduced rate of VAT...

Written Answers — Departmental Statistics: Departmental Statistics (16 Jun 2010)

Brian Lenihan Jnr: The national debt as a percentage of GNP for the period from 1980 to 2010 is set out in Table 1 below. Table 1: National Debt as a % of GNP 1980-2010 Year National Debtâ'¬bn National Debt% of GNP 1980 10.0 80.0% 1981 12.9 85.7% 1982 14.8 84.7% 1983 18.3 95.8% 1984 21.4 103.3% 1985 23.5 106.0% 1986 27.4 115.1% 1987 30.1 117.6% 1988 31.3 116.2% 1989 31.5 106.8% 1990 31.8 99.4%...

National Debt (17 Jun 2010)

Brian Lenihan Jnr: Based on the projections for the Exchequer borrowing requirement for the years to 2014 set out in budget 2010, the estimated cost of interest on the national debt will be approximately €5.75 billion in 2011 and €7.5 billion in 2013. The National Treasury Management Agency has advised that, as is usual, these estimates were prepared on the basis of the prevailing market conditions for...

National Debt (17 Jun 2010)

Brian Lenihan Jnr: On the broad breakdown of the figure, I have already outlined the position in respect of the €1 billion on the capital side. On the other €2 billion and the breakdown as between day to day expenditure and taxation, I am not in a position at this stage to give a definitive figure in that regard. I cannot give a definitive figure because at end June we will have the mid-year returns in...

National Debt (17 Jun 2010)

Brian Lenihan Jnr: No, I was referring to next year to 2014.

National Debt (17 Jun 2010)

Brian Lenihan Jnr: Yes.

National Debt (17 Jun 2010)

Brian Lenihan Jnr: The figure for next year is €5.75 billion.

National Debt (17 Jun 2010)

Brian Lenihan Jnr: No, for 2013.

National Debt (17 Jun 2010)

Brian Lenihan Jnr: The bulk of that debt has accumulated as a result of the gap between Government receipts and expenditure, current and capital. The total overall cost of the bank rescue package in relation to Anglo Irish Bank and Irish Nationwide Building Society will be, as Deputy Bruton knows, spread over a long period and will be offset by gains which the State has made in respect of payments on foot of...

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: The Top Level Appointments Committee, TLAC, holds competitions for and advises Ministers and the Government on appointments to Civil Service posts at Secretary General, Deputy Secretary, Assistant Secretary and equivalent levels. Since early 2007 the policy has been that open competitions are held for Assistant Secretary, Deputy Secretary and equivalent posts. This policy has been recently...

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: I do not have exact figures in that regard. However, as I understand it, the number of outside appointments has been limited. I do not have the figures before me but will arrange to have them sent to the Deputy. The Government has decided that Secretary General posts must be filled by open competition with the exception of those posts to which appointments are made by the Government...

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: The Deputy's more general point is correct. Much of the focus in the question has been on senior positions. It is quite difficult to obtain private interest in those senior positions. Some of this is bound up with the question of pension provision and there are wider remuneration questions. It is not simply a matter of an administrative culture refusing to accept outsiders although, in...

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: The question is answered in the reports and in Professor Honohan's comments the other day to the joint committee. They make it clear that the primary responsibility for the domestic contribution to the economic crisis rests with the banks. That means their internal management-----

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: We are a long way ahead of the bronze medal. Let us stick to the gold medal.