Results 15,161-15,180 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, in relation to income tax, there is no specific relief or allowance available to a person returning to the workforce as a self-employed sole trader after being unemployed for over 12 months following redundancy. However, the rules governing the submission of tax returns provide a concession for new business in respect of the first tax year....

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I assume the Deputy is referring to the income level at which a third rate of income tax of 48% would have to apply in order to raise €5 billion, €10 billion and €15 billion. The position is that it would not be possible to raise yields in the order of magnitude the Deputy has outlined by introducing a third rate of income tax of 48% without restructuring the current rate band system....

Written Answers — Banks Recapitalisation: Banks Recapitalisation (2 Nov 2010)

Brian Lenihan Jnr: The information requested by the Deputy is set out in the table below in respect of each institution. €m Anglo Issue Date Interest Rate €8,300 31 Mar 2010 4.2% €2,000 28 May 2010 4.6% €8,580 23 Aug 2010 5.1% €18,880 INBS €2,600 31 Mar 2010 4.2% EBS €250 17 Jun 2010 5.5% *Will depend on Irish Government 10 year bond yield at time of issue The...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (2 Nov 2010)

Brian Lenihan Jnr: Under the current interest terms, it is estimated that the total interest accruing into 2010 in respect of the Promissory Notes issued to date to Anglo Irish Bank, Irish Nationwide Building Society and Educational Building Society is around €560 million. The appropriate accounting treatment of these Promissory Notes under General Government accounting rules is currently under active...

Written Answers — Black Economy: Black Economy (2 Nov 2010)

Brian Lenihan Jnr: My Department does not produce estimates of the size of the informal economy nor of the estimated loss to the exchequer arising from such activities. Internationally, a considerable amount of research has been undertaken in this area but, by definition, it is always difficult to quantify the scale of the informal economy. Having said that, the Central Statistics Office in compiling...

Written Answers — National Debt: National Debt (2 Nov 2010)

Brian Lenihan Jnr: The detailed macro-economic and fiscal projections for the period 2011-2014 are currently being revised by my Department in the context of the publication of the Government's Four-Year Plan. Projections for debt servicing interest costs are not currently available for the period beyond 2014. While the up-to-date forecasts are still being finalised, the debt servicing costs previously set out...

Written Answers — Departmental Properties: Departmental Properties (2 Nov 2010)

Brian Lenihan Jnr: The Office of Public Works (OPW) leases 458 properties on behalf of Government Departments/Offices. These properties, which attract a rent exceeding €10K per annum, are currently in use. Table A provides the location details of the properties and Table B schedules the rental costs, by Department/Office, for 2008 and 2009. Table A COUNTY LOCATION NUMBER OF LEASED PROPERTIES AT LOCATION...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of the property related tax relief for the development of hotels is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the years 2004 to 2008, the latest year for which this information is available. These are set out...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: As Minister for Finance I have responsibility for the scheme of capital allowances introduced to support the construction of student accomodation. My Department is not involved in the payment of grants for the provision of student accommodation. Section 50 Finance Act 1999 introduced a scheme of tax relief for rented residential accommodation for third level students. The relief provided...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: As Minister for Finance I have responsibility for the scheme of capital allowances introduced to encourage the construction or refurbishment of buildings used as private hospitals. This scheme was introduced in Finance Act 2001 and came into effect in May 2002. Capital allowances are available in respect of capital expenditure incurred on the construction or refurbishment of a building...

Written Answers — National Asset Management Agency: National Asset Management Agency (2 Nov 2010)

Brian Lenihan Jnr: Section 55 of the NAMA Act, 2009 requires NAMA to make a quarterly report to the Minister for Finance within 3 months of the end of the quarter to which the report refers. The first quarterly report for the period ending 31 March 2010, accompanied by quarterly financial statements, was submitted to me within this required timeframe and I laid them before each House of the Oireachtas, as...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (2 Nov 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement P21 for the year 2009 will issue to the person concerned shortly.

Written Answers — Telecommunications Services: Telecommunications Services (2 Nov 2010)

Brian Lenihan Jnr: On foot of an open EU procurement exercise, my Department put in place a framework for the provision of mobile voice and data services to the entire Irish public service in February 2008. Framework agreements were awarded to three providers - Vodafone, O2, and Meteor. In September 2008, my Department met with Meteor to express its dissatisfaction with Meteor's performance under the...

Written Answers — Tax Yield: Tax Yield (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the net receipt of Stamp Duty from conveyances and transfers of residential and non-residential property in 2009 was €329 million. The estimate for the corresponding yield in 2010 is approximately €200 million.

Written Answers — Departmental Expenditure: Departmental Expenditure (2 Nov 2010)

Brian Lenihan Jnr: My Department, in accordance with Government policy has a procurement policy for the acquisition of all ICT products and services. A procurement exercise must be undertaken based on functional requirements for all software, i.e. not a specific technology brand. The evaluation of such a procurement exercise is conducted on as close to a total cost of ownership (TCO) model as possible and at...

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement P21 for the year 2009 will issue to the person concerned shortly.

Written Answers — Property Valuations: Property Valuations (2 Nov 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. As you will appreciate, the Commissioner of Valuation has sole responsibility for all valuation matters which includes the implementation of the revaluation programme on a nationwide basis as provided for in the Valuation Act 2001. The revaluation...

Written Answers — Budget Submissions: Budget Submissions (2 Nov 2010)

Brian Lenihan Jnr: The Deputy will be aware that in the lead up to the annual Budget and Finance Bill it is normal to meet when possible with representatives of the various sectors of the economy. My schedule of meetings includes meeting with the Irish Farmers Association on Tuesday 2 November 2010. The proposals submitted by the IFA like all proposals will fall to be considered in the context of the ongoing...

Written Answers — Tax Collection: Tax Collection (2 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that a claim for a refund of VAT was received from the person concerned on 16th March 2009. A claimant for such a refund is required to be up to date as regards tax returns to be filed with and tax payments to be made to Revenue. Income Tax returns for 2004, 2005, 2006 and 2007 were overdue at that stage. The person concerned was advised that their...

Written Answers — Departmental Agencies: Departmental Agencies (2 Nov 2010)

Brian Lenihan Jnr: The amount of dividends received by the Exchequer from companies or bodies, in which the State had an ownership interest, is set out in the table below. This information is extracted from the annual audited Finance Accounts, which are laid before Dail Eireann and published on the Department's website. Year Total Dividends - €000 2000 18,840 2001 52,038 2002 44,390 2003 36,857 2004...