Results 15,061-15,080 of 16,537 for speaker:Brian Lenihan Jnr

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that section 76 of the Finance Act 1982 inserted a new subsection (4A) in section 5 of the Value-Added Tax Act 1972. The measure dealt with the VAT treatment of the supply of services by barristers. When a barrister supplies a service he or she is not legally entitled to receive a fee in respect of that supply, even though appropriate steps may be...

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

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a tax credit certificate will issue to the person concerned shortly.

Written Answers — National Asset Management Agency: National Asset Management Agency (27 Oct 2010)

Brian Lenihan Jnr: I am advised by NAMA that, for two reasons, the names of any companies whose loans have transferred to NAMA may not be disclosed. The first reason is that companies and individuals whose loans have transferred to NAMA are entitled to have this information kept confidential. This is normal practice with regard to creditors and, as NAMA is stepping into the shoes of the bank from which the...

Written Answers — Tax Code: Tax Code (27 Oct 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 2011 incomes, of the introduction of a new 48% rate...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant available information relates to the income tax year 2007. In that year, an estimated 2,650 claimants availed of the artists' exemption scheme at an estimated cost to the Exchequer of €27 million. It should be noted that this figure takes account of the restriction of reliefs measure as applied to the exemption of certain...

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

Brian Lenihan Jnr: In my role as Minister for Finance I have responsibility for the development of the legal framework governing the regulation of financial institutions in Ireland. The day to day responsibility for the supervision of these financial institutions is a matter for the Central Bank which is independent in the exercise of its regulatory functions. The Central Bank issues licences to moneylenders...

Written Answers — Fiscal Policy: Fiscal Policy (27 Oct 2010)

Brian Lenihan Jnr: Taking into account the various indirect tax changes, the consumer price index fell by 5.9 per cent between October 2008 and September of this year, thus supporting consumer spending power. Over this period there have been some increases in direct taxes, notably with the introduction of the income levy. However, it is not possible to say what the precise impact has been as this would...

Written Answers — Fiscal Policy: Fiscal Policy (27 Oct 2010)

Brian Lenihan Jnr: The information requested by the Deputy is set out in the tables following: 1. Value of bonds that matured and were redeemed at full face value in the period between September 2008 and September 2010: Type Value € Senior Bonds 14.6 bn Subordinated Bonds NIL 2. Subordinated Debt Bought Back Prior to Maturity (30/09/2008 - 30/09/2010) Dated Subordinated Debt Nominal Repurchased€ % of...

Written Answers — Motor Industry: Motor Industry (27 Oct 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that 45,055 used vehicles were registered in the State in 2009. In so far as 2010 is concerned, up to 30 September 2010, a total of 30,115 used vehicles had been registered in the State. The requirement to have all used vehicles presented for pre-registration examination has presented some new challenges for both Revenue and the NCTS. In...

Written Answers — Budget Submissions: Budget Submissions (27 Oct 2010)

Brian Lenihan Jnr: I have received a pre-Budget submission from the Irish Farmers Association. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Budget Submissions: Budget Submissions (27 Oct 2010)

Brian Lenihan Jnr: I have received a pre-Budget submission from the practice mentioned in the details suplied. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Local Authority Rates: Local Authority Rates (27 Oct 2010)

Brian Lenihan Jnr: The Valuation Act, 2001 which came into effect on 2nd May, 2002, provides for the revaluation of all commercial and industrial property in the State. The Commissioner of Valuation has sole responsibility for all valuation matters under the Act, which includes the implementation of the revaluation programme. This is a major project in nature and scale, all the more so given that such a...

Written Answers — Budget Submissions: Budget Submissions (27 Oct 2010)

Brian Lenihan Jnr: It is normal practice for officials of my Department to meet with various interest groups, especially in the run-up to the annual Budget. In that context, officials of my Department met with representatives of the tobacco industry in September 2010.

Written Answers — Insurance Industry: Insurance Industry (27 Oct 2010)

Brian Lenihan Jnr: The decision about whether to renew cover in any insurance situation is a commercial matter for insurance companies, which is considered on a case by case basis, as this allows the insurance company to properly assess the risk they are accepting. Neither I nor the Central Bank has any influence over this matter. While I am aware of instances where insurance companies have refused to cover...

Written Answers — Ministerial Salaries: Ministerial Salaries (27 Oct 2010)

Brian Lenihan Jnr: Details of the periods of appointment and annual salary rates payable to Ministers and Ministers of State appointed to the Department of Finance since 2004 are set out below for information of the Deputy. Annual Salary Rates Minister Minister of State Office Holder TD Salary Total Office Holder TD Salary Total 01/01/2004 â'¬95,890 â'¬80,457 â'¬176,347 â'¬41,844...

Written Answers — Pension Provisions: Pension Provisions (27 Oct 2010)

Brian Lenihan Jnr: On 18 June last, I signed the Public Service Pension Rights Order 2010 (S.I. 302/2010) which extends by a year the period within which the superannuation benefits of retiring public servants will be unaffected by the pay adjustments set out in the Financial Emergency Measures in the Public Interest (No.2) Act 2009. The period now runs to 31 December 2011.

Written Answers — Departmental Expenditure: Departmental Expenditure (27 Oct 2010)

Brian Lenihan Jnr: The information requested by the Deputy is contained in the following tables: Department of Finance Year Amount spent on Internet applications Supply details of the processes in place to ensure that such funds have been spent on good quality internet applications, in terms of accessibility, security and data protection. 2008 €2,528.90 (spent on updating some graphic design elements of...

Written Answers — Departmental Expenditure: Departmental Expenditure (27 Oct 2010)

Brian Lenihan Jnr: My Department does not directly provide or oversee the provision of financial support to businesses, charities or other public service organisations that are directly or indirectly used to assist those organisations with their marketing promotion or service delivery on the internet. I have been informed by the Special Eu Programmes Body that there are opportunities for businesses,...

Written Answers — Company Takeovers: Company Takeovers (27 Oct 2010)

Brian Lenihan Jnr: The operation of the Biofuel MOTR scheme is in the first instance, a matter for the Minister for Communications, Energy and Natural Resources. However, my Department has consulted with the Department of Communications, Energy and Natural Resources in relation to the details supplied and on the issues raised therein. Following those consultations, a letter issued from the Department of...

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

Brian Lenihan Jnr: I have stated previously that it is my intention to widen, if possible, the tax base on which betting duty would be applied. Bets placed either online or over the phone are generally with out-of-State companies so applying betting duty is therefore problematic. My officials, in conjunction with the Office of the Attorney General, the Office of the Revenue Commissioners and the Department of...