Results 16,101-16,120 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Black Economy: Black Economy (12 Jan 2011)

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 — Departmental Expenditure: Departmental Expenditure (12 Jan 2011)

Brian Lenihan Jnr: My Departments has incurred no costs in relation to the provision of computers or software in my private and constituency office from 2007 as the existing computers and software were purchased prior to 2007. 2007 2008 2009 2010 Private & constituency Office Computers Nil Nil Nil Nil Software Nil Nil Nil Nil Printers Nil â'¬678 Nil â'¬474

Written Answers — Tax Yield: Tax Yield (12 Jan 2011)

Brian Lenihan Jnr: The information requested, estimated by reference to the income tax year 2010, is set out in the following table. However, because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers and small groups of taxpayers, the breakdown by income bands requested by the Deputy is not provided in relation to incomes exceeding...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that under the provisions of the Value-Added Tax Consolidation Act 2010, and the EU VAT Directive with which Irish VAT law must comply, the place of supply, and hence the place of taxation, of television services that are supplied to non-taxable persons by a business in the EU is where the supplier of those services has established its business. In...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jan 2011)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated amount of tax foregone by the Exchequer in respect of film relief for the years 2009 and 2010 is €42 million and €65 million respectively. The cost figure for 2010 is provisional and may be revised. Projections for tax receipts are based on assumed movements in macro-economic parameters and not by reference to the costs of...

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Jan 2011)

Brian Lenihan Jnr: The below amounts were paid to the company in question during the years 2006-2010: Date Amount Detail 08 March 2007 42,592.00 Update of review of scheme of tax relief for residential units associated with nursing homes. 06 December 2007 92,111.25 Review of Section 481 Film Relief Scheme

Written Answers — EU Funding: EU Funding (12 Jan 2011)

Brian Lenihan Jnr: The Risk Sharing Finance Facility, based on the principle of sharing credit risk between the European Community and the European Investment Bank (EIB), is an EIB lending facility intended to improve access to debt financing for private companies and public institutions promoting research, development and innovation activities. The scope of eligible activities is wide and extends from...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: The European Court of Justice Case C-554/07, which concerns the VAT treatment of State and public bodies in Ireland, ruled against Ireland on 16 July 2009. In compliance with the Court's ruling, Section 117 of the Finance Act 2010 included provision to make public bodies subject to VAT with effect from 1 July 2010. In summary, the VAT Act 1972, which has since been consolidated into the...

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: As the Deputy is aware, a delegation from the EU Commission, the International Monetary Fund and the European Central Bank visited Dublin in November 2010 to finalise a programme of financial assistance for Ireland. During this visit, the delegation was briefed on a number of issues of interest, including the ongoing work of the Review Group on State Assets and Liabilities. The International...

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: The Review Group is currently finalising its Report but may need to undertake some further limited consultation before doing so. I expect to receive the Report thereafter in due course.

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: I established the Review Group on State Assets and Liabilities in July, 2010 to advise me on how the assets can be better used or disposed of to support economic growth and national investment priorities. The International Monetary Fund had no role in the establishment of the Group.

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: The financial assistance programme agreed recently with International Monetary Fund and the EU Commission, in liaison with the ECB, is governed by a detailed Memorandum of Understanding which sets out specific milestones that must be met before funds are draw down. The Memorandum of Understanding provides, inter alia, that an independent assessment of Ireland's electricity and gas sectors...

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: Given the current financial condition of the State, it would be negligent not to examine all reasonable ways in the public interest to reduce the State's indebtedness, including through the sale of certain State assets. The issues raised in the Deputy's question will naturally be considered and weighed in the balance when decisions are made by Government on the continued ownership or...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jan 2011)

Brian Lenihan Jnr: I presume the Deputy is referring to the The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme. The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to certain limit) on the purchase of a car adapted for the transport of a person with specific severe and permanent physical disabilities, to those who meet certain...

Written Answers — Insurance Industry: Insurance Industry (12 Jan 2011)

Brian Lenihan Jnr: At the outset the Deputy will appreciate that owing to considerations of commercial confidentiality it would not be appropriate for me in my role as Minister for Finance to make any comment on the participation of any party in relation to the sale of Quinn Insurance Limited (QIL). Responsibility for the sales process is a matter for the Joint Administrators who were appointed by the High...

Written Answers — Mortgage Arrears: Mortgage Arrears (12 Jan 2011)

Brian Lenihan Jnr: I propose to take Questions Nos. 238 and 239 together. The Deputy will be aware that the Mortgage Arrears and Personal Debt Expert Group (Expert Group) have now completed their work having submitted an Interim Report to me on 5th July 2010 and their Final Report on 16th November 2010. Both Reports were brought before Government. The Expert Group's Reports are available at www.finance.gov.ie...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: Section 82 TCA 1997 provides that certain pre-trading expenses of a trade or profession are allowable in calculating the trading income of that trade or profession once it commenced. The relief applies to trades or professions, whether incorporated or not, which commenced on or after 22 January 1997. A deduction is only available for pre-trading expenditure in computing income under Cases I...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the review for 2006 was issued in error. The person's record has been adjusted to cancel the underpayment and a revised certificate of tax credits and standard rate cut-off point for 2011 will issue to the person shortly to cancel the recovery of the underpayment.

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I announced in the Budget that the necessary arrangements are being made to ensure that bets placed on the internet by domestic punters are subject to the same level of betting duty as applies to high street betting shops. This will serve to broaden the tax base and increase betting duty receipts. It is the Government's intention to include provisions in the Finance Bill and to revise the...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: The carbon tax was applied to transport fuels, petrol and auto-diesel, from December 10, 2009. From 1 May 2010, the carbon tax was applied to kerosene, marked gas oil (also known as 'green diesel' or 'agricultural diesel'), liquid petroleum gas (LPG), fuel oil and natural gas. The third and final phase involves the application of the tax to coal and commercial peat, which is subject to a...