Results 2,101-2,120 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (8 Jul 2010)

Brian Lenihan Jnr: Mortgage Interest Relief for first time and non first time buyers is limited to the first seven tax years for which an individual has entitlement to the relief. The Finance Act 2010 provides for an extension of the relief up to the end of 2017 for those whose entitlement to relief was due to end in 2010 or after. Those who took out mortgages in 2003 would have seen their entitlement end...

Written Answers — Departmental Funding: Departmental Funding (8 Jul 2010)

Brian Lenihan Jnr: Details of the amounts awarded by my Department to organisations involved in social partnership for the years 2004 to date in 2010 are as set out in the following table. Under an EU funded NDP/CSF Technical Assistance Operational Programme in Ireland 2000-2006, funding was provided to ICTU. The intention of the funding was to enable the public sector to manage the Public Private...

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: The Deputy will be aware that all of the recommendations in the Interim Report by the Mortgage Arrears and Personal Debt Expert Group (Expert Group) under the chairmanship of Hugh Cooney were agreed by Government on Tuesday 6th July 2010. These recommendations address the more straight forward issues which were uncovered by the Expert Group during the first phase of its review. The key...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the data available on the amounts of Excise, VAT and the Carbon Charge for the period 1 January 2009 to the end of June 2010, in respect of petrol and auto-diesel is set out in the following tables. It should be noted that the carbon charge in respect of petrol and auto-diesel is payable in the month after it is released for consumption so each...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 94 and 95 together. The taxes applying to auto-diesel and petrol are Excise, VAT and the new carbon charge. I am informed by the Revenue Commissioners that the percentage tax take on a motorist who spends €50 on diesel is 53.3%. This percentage is based on a sample price of €1.249 per litre. The percentage tax take on a motorist who spends €50 on...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 96 and 97 together. I am informed by the Revenue Commissioners that the tax take on a litre of auto-diesel and petrol selling at the stated prices is as follows: Commodity Price per Litre Excise & Carbon Content VAT Content Total Tax Content 1 Litre (Cent) (Cent) (Cent) (Cent) Auto-diesel 100 44.918 17.36 62.27 105 44.918 18.22 63.14 110 44.918 19.09...

Written Answers — Insurance Industry: Insurance Industry (8 Jul 2010)

Brian Lenihan Jnr: As the Deputy will be aware, on 15 April, the High Court appointed full time administrators to Quinn Insurance Limited (QIL). This followed QIL's decision to consent to the appointment made by the High Court on application made by the Financial Regulator (FR). The joint administrators have legal responsibility for putting the company on a sound commercial and financial footing. In this regard...

Written Answers — Departmental Bodies: Departmental Bodies (8 Jul 2010)

Brian Lenihan Jnr: Arrangements are being made for the establishment of an expert group under the Chairmanship of Mr Colm McCarthy of the School of Economics at University College Dublin. This group will be charged with advising the Minister for Finance on the proper stewardship of state assets and on opportunities for better use of assets in the public sector. The following Terms of Reference have been set...

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that issues concerning the recording of cash transactions have been identified in the course of an ongoing Revenue audit of the person referred to. As the issue is currently the subject of an ongoing examination the matter cannot be finalised at present.

Written Answers — Financial Services Regulation: Financial Services Regulation (8 Jul 2010)

Brian Lenihan Jnr: I have spoken extensively in this House on the supports which are available to those homeowners who find themselves in difficulty. These supports include the Code of Conduct on Mortgage Arrears, the Mortgage Interest Subsidy Scheme and the services provided by the Money Advice Budgeting Services. In addition at my request the Financial Regulator after consideration extended the moratorium...

Written Answers — Departmental Staff: Departmental Staff (8 Jul 2010)

Brian Lenihan Jnr: Retirement lump sums for civil servants are calculated on the basis of 3/80ths of salary per year of service, subject to a maximum of 11⁄2 times the salary on which superannuation benefits are based. Under the terms of the Public Service Agreement (PSA), pay reductions which took effect in January 2010 are currently disregarded for the purposes of calculating superannuation benefits....

Written Answers — Departmental Staff: Departmental Staff (8 Jul 2010)

Brian Lenihan Jnr: The Public Service numbers reported to my Department for the period 2007 to 2009 and for the end of the first quarter in 2010 are set out in the following table. 2007 2008 2009 2010 (Q1) Public Service Numbers (at end year)* 312,131 319,092 309,751 309,146 * Note that the above figures are on a whole-time equivalent basis, and are subject to revisions reflecting methodological changes and...

Written Answers — State Banking Sector: State Banking Sector (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Central Bank that the value of gold and gold receivables held by the Bank as of 28 May 2010, the most recent date for which figures have been published, was some €159 million.

Written Answers — Tax Code: Tax Code (8 Jul 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant health-related tax reliefs for which costs to the Exchequer can be provided are set out as follows alongside the associated figures of cost. Estimated cost to the Exchequer €m Tax Relief 2005 2006 2007 2008 2009 Health Expenses 134.0 167.2 Not Available Not Available Not Available Medical Insurance Premia 229.6 260.5 300.3...

Written Answers — Tax Yield: Tax Yield (8 Jul 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 106 and 107 together. I am informed by the Revenue Commissioners that the relevant information available on the amount of income earned by general medical practitioners and dental practitioners in the State is based on personal income tax returns filed by non-PAYE taxpayers for the years 2005 to 2007, the latest year for which this information is available....

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: That is what I said I intended to do. I undertake to make the necessary change and I will advise Mr. Nyberg of my intention to do so in order that he can proceed with his work along those lines.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: That deals with the issue and we do not need to develop it further. Clearly it is essential, since the regulatory system is inextricably linked with one of the transactions identified by Deputy Noonan in his contribution. It is essential that aspect of the matter is part of the terms of reference and I do not have any difficulty with that. Deputy Noonan also asked whether the advice the...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Deputy Noonan went on to make more general remarks on the question of the liquidity crisis, which was the main concern of the Government in late September 2008. I recall saying in that debate that we were going in deep. We were well aware that we were going into a system that required detailed examination and, therefore, the PriceWaterhouse Coopers' examination of the bank assets then took...

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: Let us be clear. The draft business plan that was submitted to the House last autumn was just a draft, prepared by the interim NAMA executive. At that stage, NAMA was far more dependent on information voluntarily supplied by financial institutions, including the PriceWaterhouse Coopers' report, than it was in its more recent exercise.

Banking Sector Crisis: Motions (8 Jul 2010)

Brian Lenihan Jnr: This is not Question Time. I am trying to reply on the issues that were raised.