Results 14,801-14,820 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (30 Sep 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the 4 year write-off period for stallions for tax purposes, which was introduced on 1 August 2008 (at the time the tax exemption for stallion stud fees was abolished), is still in existence. The four-year write down period reflects the fact that some stallions have a short nomination life and also takes into account that the majority of...

Written Answers — Public Service Contracts: Public Service Contracts (30 Sep 2010)

Brian Lenihan Jnr: The use of random selection to establish a short-list for a public sector tender competition can be appropriate and is permissible under public procurement rules and guidelines, provided that it is conducted on an open and non-discriminatory basis. Public Procurement guidance issued by my Department covers this matter and sets out the circumstances and manner in which such a process may be...

Written Answers — Tax Code: Tax Code (30 Sep 2010)

Brian Lenihan Jnr: It remains essential, in the context of the forthcoming Budget, to send a clear, decisive signal that Ireland is determined to continue to adopt feasible, sustainable budgetary measures to underpin the public finances over the long-term. As such, it would not be appropriate to consider introducing a relief of this nature, one which would by definition be somewhat selective and likely to...

Written Answers — Fiscal Policy: Fiscal Policy (30 Sep 2010)

Brian Lenihan Jnr: As regards capital expenditure, the Government published Infrastructure Investment Priorities for 2010 – 2016 in July 2010. The core rationale for the current investment in public infrastructure is to create the framework conditions to facilitate a return to growth and thereby support sustainable job creation into the longer term. This can be achieved through capital investment in...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (30 Sep 2010)

Brian Lenihan Jnr: The Deputy will be aware that a Statutory Instrument which extends the Eligible Liabilities Guarantee (ELG) Scheme to 31 December 2010 was approved by both Houses of the Oireachtas yesterday, having previously received EU State aid approval. The Statutory Instrument provides the legislative basis for the extension of the ELG Scheme to 31 December 2010 for both deposits and liabilities...

Written Answers — Tax Code: Tax Code (5 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that in the case of domestic employments - which may include nannies, carers and au pairs - where the payments made to the employee are less than €40 per week, then, provided the employer has only one such employee, he or she need not register as an employer and there is no obligation on the employer to deduct PAYE, PRSI/health contributions or...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (5 Oct 2010)

Brian Lenihan Jnr: The Government has already established a comprehensive framework of investigation into the issues that arose in the Irish banking sector, as set out by me in the Oireachtas on 19 January 2010. As the first stage of this process, two preliminary reports, prepared by international experts Mr Klaus Regling and Mr Max Watson and by the Governor of the Central Bank, and published in June 2010,...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (5 Oct 2010)

Brian Lenihan Jnr: S.I. 127 of 2010 which established the Credit Review Office fixed the upper limit for reviews at €250,000. When the S.I. was being prepared, it was considered desirable to set a limit to the amount of a credit facility which could be reviewed so that banks were not faced with unlimited exposure to review. The fact that borrowers seeking larger facilities will usually have a better...

Written Answers — Tax Yield: Tax Yield (5 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that up to the end of September 2010 the yield from the air travel tax received in 2010 is €78.4 million.

Written Answers — Tax Code: Tax Code (5 Oct 2010)

Brian Lenihan Jnr: Same-sex couples who are registered for civil partnership will be treated the same as married couples under tax law. It is envisaged that the necessary changes to the Tax Acts will take place in the next Finance Bill.

Written Answers — Job Creation: Job Creation (5 Oct 2010)

Brian Lenihan Jnr: Based on data provided by the implementing Departments and Agencies, a profile of estimated employment to be created or sustained through the public capital programme is provided on page 107 of the Infrastructure Investment Priorities 2010-2016 report. This suggests that the public capital programme will create or sustain between 55,000 and 75,000 jobs per annum over the period of the plan....

Written Answers — Medical Cards: Medical Cards (5 Oct 2010)

Brian Lenihan Jnr: Section 531B(2)(b) of the Taxes Consolidation Act 1997 provides that a person who has eligibility to a full medical card will have an exemption from the Income Levy for that year of assessment. Revenue have published Frequently Asked Questions to provide further clarification in this regard by stating that where a person had eligibility to a full medical card at any time during the year of...

Written Answers — Pension Provisions: Pension Provisions (5 Oct 2010)

Brian Lenihan Jnr: The Deputy is referring to elements of the flexible options on retirement introduced in the 1999 Finance Act which allow certain categories of individual considerable flexibility and freedom in relation to the drawing down of benefits from their pension plans. Previously, such individuals would have been required to purchase an annuity with the pension fund moneys remaining after the...

Written Answers — Cycle to Work Scheme: Cycle to Work Scheme (5 Oct 2010)

Brian Lenihan Jnr: The cycle to work scheme is a tax incentive aimed at encouraging employees to cycle to work. It provides for an exemption from a benefit-in-kind charge in circumstances where an employer provides a director or employee with a bicycle and/or associated bicycle safety equipment where they will be used mainly for qualifying journeys, being journeys between home and place of work or between two...

Written Answers — Departmental Staff: Departmental Staff (5 Oct 2010)

Brian Lenihan Jnr: The arrangements for parental leave for civil servants come within my area of responsibility. Arrangements in other parts of the public service are the responsibility of the appropriate Minister. The Parental Leave Act 1998 and the Parental Leave (Amendment) Act 2006 set out the statutory entitlements to Parental Leave. All employers have to provide access to up to fourteen weeks' unpaid...

Written Answers — Tax Yield: Tax Yield (5 Oct 2010)

Brian Lenihan Jnr: The Revenue Commissioners and the Central Statistics Office (CSO) prepared a report, at my request, on the Implications of Cross Border Shopping for the Irish Exchequer. The report was published on my Department's website on 20 March 2009. The report estimated the value of cross-border shopping in 2008 to be in the range of €350m to €550m; representing an increase in the order of around...

Written Answers — Tax Collection: Tax Collection (5 Oct 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they have no details in relation to a refund claim for 2010 for the person concerned. The person concerned can forward their claim to Julie Miller, Kildare Revenue District, Athy Business Campus, Castlecomer Road, Athy, Co Kildare.

Written Answers — Tax Yield: Tax Yield (5 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the available information with regard to the yield over the past five years from Stamp Duty on residential properties broken down between first-time buyers and other buyers, is set out in the following table: Year Stamp Duty Yield –where First-Time Buyer Relief applied€ million Stamp Duty Yield - Other Buyers€ million 2005 43.6...

Written Answers — Tax Code: Tax Code (5 Oct 2010)

Brian Lenihan Jnr: Legislation does not provide for an exemption from VAT for pensioners in respect of house improvement projects. However, the Value Added Tax (Refund of Tax) (No 15) Order 1981 does provide for the refund of VAT on qualifying goods that are purchased for the exclusive use of disabled persons suffering a specified degree of disablement. The age of the applicant is not relevant but to qualify...

Written Answers — EU Directives: EU Directives (5 Oct 2010)

Brian Lenihan Jnr: There are fourteen Directives awaiting transposition into domestic law by my Department at the current time, none of which are past their transposition deadlines. The following table sets out the position. With regard to the two Directives with a transposition deadline of 31 October 2010, Directive 2009/83/EC will not require transposition measures by Ireland and Directive 2009/111/EC will...