Results 2,201-2,220 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Flood Relief: Flood Relief (6 Jul 2010)

Brian Lenihan Jnr: The background to the Irish Insurance Federation (IIF) working group was a request from my Department for detailed information in relation to the November 2009 flooding. The type of information being sought included amongst other things a list of the locations where insurance companies were having difficulty providing cover as well as an indication of the number of policies they expected not...

Written Answers — Tax Collection: Tax Collection (6 Jul 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that pay (which includes bonus payments) are appropriate to the year that they are earned and the tax to the year it is deducted. For administrative purposes, where an employer makes a payment that refers to a previous year they apply the current tax credits and standard rate cut-off point to the pay. Where the employee is no longer in the...

Written Answers — Proposed Legislation: Proposed Legislation (6 Jul 2010)

Brian Lenihan Jnr: As the Deputy may be aware, the Public Service Superannuation (Miscellaneous Provisions) Act 2004 removed the maximum retirement age (the age by which a public servant must retire) for most new entrants to the public service; for staff recruited before 2004, a maximum retirement age of 65 generally applies. Retirement age is different to pension age (the minimum age at which a public servant...

Written Answers — Tax Code: Tax Code (6 Jul 2010)

Brian Lenihan Jnr: The responsibility for assessing the Rateable Valuations of properties rests with the Commissioner of Valuation under the Valuation Act, 2001. There are two provisions in the legislation governing the assessment of valuations, i.e. revision and revaluation. Revision of valuation is the mechanism used to maintain existing local authority valuations lists. It is used to add new properties to...

Written Answers — Tax Code: Tax Code (6 Jul 2010)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners who are responsible for the administration of mortgage interest relief through the tax relief at source (TRS) system. I am advised by the Revenue Commissioners that following contact with the person concerned and clarification by the person of the precise circumstances of the mortgages taken out in 2006 and 2008, entitlement to mortgage interest...

Written Answers — Financial Services Regulation: Financial Services Regulation (6 Jul 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that while Revenue issues licences as provided for in the Auctioneers and House Agents Act 1947, there are no provisions within that Act for the provision of a register of licensees for inspection, as set out in the query. However, Section 30 of the Property Services (Regulation) Bill 2009, provides for the display for inspection by the public, of a...

Written Answers — Financial Services Regulation: Financial Services Regulation (6 Jul 2010)

Brian Lenihan Jnr: The Central Bank and Financial Services Authority of Ireland (CBFSAI) is governed by the Central Bank Act 1942 (as amended), the Statute of the European System of Central Banks and the Treaty of Rome and is not directly responsible to me for the cost of financial regulation. However, the Central Bank Act 1942 requires my approval for an annual statement by the Irish Financial Services...

Written Answers — Tax Code: Tax Code (6 Jul 2010)

Brian Lenihan Jnr: The position is that where an individual has an entitlement to a full medical card they are excluded from the income levy and the health levy.

Written Answers — Tax Code: Tax Code (6 Jul 2010)

Brian Lenihan Jnr: As the Deputy may be aware the rate of excise duty on off-licences was reviewed in the context of the 2008 and 2009 Budgets. The annual excise duty payable on each off-licence was increased from €250 to €500. An off-licence selling the full range of alcohol products require three licences - spirits, beer and wine. Consequently, supermarkets who wish to sell wine, beer and spirits must...

Written Answers — Debt Management: Debt Management (6 Jul 2010)

Brian Lenihan Jnr: As the Deputy will be aware, I set up an Expert Group to report to me with recommendations on a range of matters regarding mortgage arrears and personal debt. In the course of the data gathering phase of its work, the Expert Group met with the Future Group and listened to their submission on how to deal with the issue of providing independent advice to borrowers in difficulty. The Expert...

Written Answers — Tax Code: Tax Code (6 Jul 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that Ireland has a double taxation agreement (DTA) with Australia since 1983. It generally reflects the provisions found in the OECD model tax agreement. The full text of the Australian DTA can be found on the Revenue website at: http://www.revenue.ie/en/practitioner/law/double/australia.h tml The effect of the DTA may be summarised as follows: The...

Written Answers — Credit Union Sector: Credit Union Sector (6 Jul 2010)

Brian Lenihan Jnr: I engaged in detailed discussions with the credit union representative bodies, ILCU and CUDA, in relation to the Section 35 issue in meetings with each body on two separate occasions in May and June 2010. I also met members of the Joint Oireachtas Committee on Economic Regulatory Affairs. Having reflected on the views expressed, I introduced at Report Stage of the Central Bank Reform Bill...

Written Answers — Social Welfare Benefits: Social Welfare Benefits (6 Jul 2010)

Brian Lenihan Jnr: According to Eurostat, food prices in Ireland were among the highest in Europe when surveyed in 2009. This is reflective of factors including the relatively large import content of processed food and our peripheral geographical location. However, in the twelve months to May 2010, the price of food and non-alcoholic beverages has fallen by 6 per cent in Ireland but remained unchanged on...

Written Answers — National Asset Management Agency: National Asset Management Agency (1 Jul 2010)

Brian Lenihan Jnr: I have informed this House on many occasions that NAMA is not a form of bailout for developers whose loans are in default. A borrower whose loan is transferred to NAMA will continue to owe the full amount borrowed and the conditions of the loan will generally remain the same. NAMA will manage these loans in the best interest of taxpayers and where necessary will seize property or other...

Written Answers — Tax Code: Tax Code (1 Jul 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the taxpayer is not entitled to a tax credit in respect of his children. As the taxpayer is cohabiting he is not entitled to claim the One Parent Family Tax Credit. The Home Carers Tax Credit is only available to married couples who fulfil certain criteria. The taxpayer has not claimed a tax credit for Service Charges or for Union...

Written Answers — Financial Services Regulation: Financial Services Regulation (1 Jul 2010)

Brian Lenihan Jnr: The Central Bank and Financial Services Authority of Ireland (CBFSAI) is governed by the Central Bank Act 1942 (as amended), the Statute of the European System of Central Banks and the Treaty of Rome and is not directly responsible to me for the cost of financial regulation. However, the Central Bank Act 1942 requires my approval for an annual statement by the Irish Financial Services...

Written Answers — Tax Audits: Tax Audits (1 Jul 2010)

Brian Lenihan Jnr: In 2006 my Department made a voluntary disclosure to the Revenue Commissioners concerning the purchase of services from a company which was within the scope of Schedule 4 VAT (the obligation to account for VAT in respect of services supplied from another country). The amount of VAT underpaid was €37,609.62. No interest or penalties were applied. The services concerned had been invoiced...

Written Answers — Tax Audits: Tax Audits (1 Jul 2010)

Brian Lenihan Jnr: My Department had no such settlements in the years in question.

Written Answers — Tax Audits: Tax Audits (1 Jul 2010)

Brian Lenihan Jnr: The Revenue Commissioners did not carry out any tax audits in my Department during the years in question.

Written Answers — State Banking Sector: State Banking Sector (1 Jul 2010)

Brian Lenihan Jnr: Anglo Irish Bank is run on an arms length commercial basis by the Board of Anglo. Consequently, matters which relate to the normal commercial business of the bank, including the processing of loan applications and other business services by the bank, are a matter for the Board of Anglo. As the Deputy will be aware the bank is restricted under the terms of the Subscription Agreement from...