Results 16,221-16,240 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Pension Provisions: Pension Provisions (19 Jan 2011)

Brian Lenihan Jnr: The following table provides a breakdown of the estimated cost of tax and PRSI reliefs relating to private pension contributions for 2007, the latest year for which the most up-to-date data is available. Figures have been rounded where appropriate. Estimate of the cost of tax and PRSI reliefs on private pension contributions 2007. Estimated costs Numbers* €million Employees'...

Written Answers — Tax Collection: Tax Collection (19 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they first contacted the person concerned in relation to a tax credit claimed in January 2010. As no reply was received to that correspondence, a further letter was issued on 27 August 2010 explaining that the tax credit under enquiry was being withdrawn. PAYE Balancing Statements (P21) for the tax years 2006-2009 inclusive, issued on the...

Written Answers — Departmental Reports: Departmental Reports (19 Jan 2011)

Brian Lenihan Jnr: As the Deputy is aware, the Report provides a set of recommendations relating to structures, resources and processes in the Department. While a number of recommendations are matters for Government after proper consideration, a significant number relate to working structures, staffing and work practices and can be addressed in the Department. Work on an implementation plan has already...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: The Programme of Financial Support for Ireland provides for financial sector reforms. As part of the agreement with the EC, IMF and EU, the State has agreed to adopt deleveraging measures and to implement restructuring of the banking sector. To this end, a Prudential Liquidity Assessment Review or "PLAR" will establish target funding ratios for each of the banks, identify non core assets and...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: Two bids for EBS are currently being considered: one from Irish Life & Permanent and the other from an international consortium led by Cardinal Capital Group. The deadline for receipt of the bids from each party was 17 January 2011 and each party submitted their respective bids by the required deadline. Each bid is now being evaluated with a view to deciding the best strategy for taking the...

Written Answers — Public Service Pay: Public Service Pay (19 Jan 2011)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest (No 2) Act 2009 provides for the reduction in the pay rates of all persons employed by public service bodies, with effect from 1 January 2010. The caretakers and secretaries referred to in the question are deemed to be public servants within the meaning of and for the purposes of the Financial Emergency Measures in the Public Interest...

Written Answers — Consultancy Contracts: Consultancy Contracts (19 Jan 2011)

Brian Lenihan Jnr: The following table sets out the details of the number of contracts to the company in question by public bodies under my remit in each of the past five years (2006 to 2010) and to date in 2011. Body Year Detail National Treasury Management Agency 2009 Following a procurement process, London Economics (which is part of the Indecon Group) was contracted by the NTMA to carry out an...

Written Answers — Tax Code: Tax Code (20 Jan 2011)

Brian Lenihan Jnr: 1I announced in the 2010 Budget the introduction of a carbon tax at a rate of €15 per tonne on fossil fuels. The tax was applied to petrol and auto-diesel with effect from midnight, 9 December 2009; and applied from 1 May 2010 to kerosene, marked gas oil (also known as 'green diesel' or 'agricultural diesel'), liquid petroleum gas (LPG), fuel oil and natural gas. The application of the tax...

Written Answers — Legislative Programme: Legislative Programme (20 Jan 2011)

Brian Lenihan Jnr: 1I have no plans to include the Betting, Gaming and Lotteries (Unclaimed Winnings) Bill 2010 provisions into the Betting (Amendment) Bill.

Written Answers — Tax Collection: Tax Collection (20 Jan 2011)

Brian Lenihan Jnr: 1The position is that the Universal Social Charge (USC) is applied at the following rates: · 2% on the first €10,036 (€193 per week) · 4% on the next €5,980 (€193.01 to €308.00 per week) and · 7% on the balance For persons over 70 years of age the USC is applied at the following rates: · 2% on the first €10,036 (€193 per week) · 4% on the balance I am advised by the...

Written Answers — State Agencies: State Agencies (20 Jan 2011)

Brian Lenihan Jnr: 1In Budget 2009, I announced 30 agency rationalisation measures involving a reduction of 41 bodies and the streamlining of certain other functions. To date, 19 agency rationalisations measure have been completed and information on these proposals, including estimated savings in terms of expenditure and staff reductions as reported to my Department is set out in Table 1 below. Information...

Written Answers — EU-IMF Fund: EU-IMF Fund (20 Jan 2011)

Brian Lenihan Jnr: 1The Government announced on 28 November 2010 that it had agreed in principle to a total package of €85 billion designed to support the finances of this country, made up of loans from the European Financial Stability Fund and the European Financial Stability Mechanism backed by the Member States of the European Union, bilateral loans from the UK, Sweden and Denmark and loans from the...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (20 Jan 2011)

Brian Lenihan Jnr: 1I provided for the injection of capital totalling €25.3 billion into Anglo Irish Bank in 2010, by way of a Promissory Note. Under the terms of the Promissory Note, 10 per cent of this amount – or €2.53 billion – shall be paid in March each year and the first such payment falls due at the end of March 2011. This payment will be made from the Central Fund and is factored into the...

Written Answers — EU-IMF Fund: EU-IMF Fund (20 Jan 2011)

Brian Lenihan Jnr: 1Irish Government Bonds maturing over the next six years are set out in the table below. Bond Maturity Date Amount Outstanding January 2011(€m) 4.0 Treasury Bond 2011 11-Nov-11 4,584.0 3.9 Treasury Bond 2012 05-Mar-12 5,762.5 5.0 Treasury Bond 2013 18-Apr-13 6,095.5 4.0 Treasury Bond 2014 15-Jan-14 11,880.2 4.6 Treasury Bond 2016 18-Apr-16 10,169.5 In addition to the above I would...

Written Answers — EU-IMF Fund: EU-IMF Fund (20 Jan 2011)

Brian Lenihan Jnr: 2057I propose to take Questions Nos. 77 and 78 together. There is provision under the EU-IMF Programme for external assistance amounting to €67.5bn to be made available to Ireland as follows - €22.5 billion from the European Financial Stabilisation Mechanism (EFSM) - €22.5 billion from the European Financial Stability Facility (EFSF) and bilateral loans from the UK, Sweden and...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (20 Jan 2011)

Brian Lenihan Jnr: 1I refer the Deputy to my reply to Parliamentary Question No. 111 which contains a typographical error; the figure for the initial payment on the Promissory Note to Anglo Irish Bank at the end of March should read €2,528 million and not €2.528 million. I apologise for this error and can assure the Deputy that steps have been made to ensure the record is corrected. In response to the...

Written Answers — Public Service Pensions: Public Service Pensions (20 Jan 2011)

Brian Lenihan Jnr: 1The public service pension reduction was legislated for in December 2010 in the Financial Emergency Measures in the Public Interest Act 2010. It came into operation on 1 January 2011. The reduction is not confined to the pensions of retired civil servants. It applies to all public service pensions above €12,000 payable to persons retired from all parts of the public service including...

Written Answers — Tax Reliefs: Tax Reliefs (20 Jan 2011)

Brian Lenihan Jnr: 1For the Deputy's information I have already received representations from the persons in question (details supplied) in relation to the proposals for Section 23 which I announced in the Budget. My Department has responded to those representations in the normal way. Details regarding these proposals will be set out in the Finance Bill.

Written Answers — Financial Services Sector: Financial Services Sector (20 Jan 2011)

Brian Lenihan Jnr: The sale of Allied Irish Banks' (AIB) entire shareholding in Goodbody Holdings Limited, including Goodbody Stockbrokers, was part of a strategic decision taken by the board of AIB to raise capital by the disposal of certain assets. This capital raising was necessitated by the bank having to meet set capital adequacy requirements as dictated by the Central Bank. I have had no involvement in...

Written Answers — Proposed Legislation: Proposed Legislation (20 Jan 2011)

Brian Lenihan Jnr: I understand that the Deputy's Private Member's Bill to which he refers proposes that unclaimed winnings from betting, gaming and lottery activities would be transferred to a new "Unclaimed Prizes Fund" and available for disbursement by a new "Unclaimed Winnings Board" to support certain types of social programmes or projects and that the Bill also proposes to give certain powers and...