Results 2,401-2,420 of 16,537 for speaker:Brian Lenihan Jnr

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: Deputy Burton can decide, for her next sound-bite, to whom she wants to allocate that.

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: Within the banks, primary responsibility lies with management and with their boards. Professor Honohan goes on to say the regulatory and supervisory systems did not identify the risks within sufficient time. That is clearly painted in the report.

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: Clearly, the Government's more modest role has been acknowledged in the report.

Departmental Appointments (17 Jun 2010)

Brian Lenihan Jnr: It was the bronze medal yesterday and it remains that.

Tax Returns (17 Jun 2010)

Brian Lenihan Jnr: At the end of May, €12.1 billion in tax revenue receipts had been collected. As Deputy Lynch points out in her question, this is a drop of approximately €1.4 billion on the amount collected in the first five months of 2009, which represents a year-on-year decline of 10.4 per cent. However, the monthly profiles for tax revenue published in early February, anticipated a significant...

Tax Returns (17 Jun 2010)

Brian Lenihan Jnr: Of course I am concerned. I have been concerned for a considerable period about the structural loss in our tax base occasioned by the property bust. The effect of it has been a substantial depletion in the amount the State received in capital gains tax and stamp duty receipts. I agree that has been a very serious problem. Any Government would be concerned about it, naturally. That is why...

Tax Returns (17 Jun 2010)

Brian Lenihan Jnr: The interest costs arise from Exchequer borrowing, which is arranged by the NTMA. I can arrange for the NTMA to make an estimate. That estimate would be subject to revision at the end of the year. That is normally done before the budget. A final definitive figure-----

Tax Returns (17 Jun 2010)

Brian Lenihan Jnr: That has a very limited impact this year. The figure for this year will be drawn up by the NTMA towards the close of the year. On the separate question of bank capitalisation, I will arrange for Deputy Burton to be given the information she has sought on the institutions as a whole. The State now owns a controlling share in the EBS. The Oireachtas committee may well wish to make...

Tax Returns (17 Jun 2010)

Brian Lenihan Jnr: This does not rest on hope. It rests on a considerable amount of archaeology which has already been carried out.

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: It is assumed that the Deputy's question relates to the letting of a single car-space by an individual who does not require it for personal use. On that basis, the position is that income from the renting of a car-space which is situated in the State is chargeable to tax under Case V of Schedule D. A surplus or deficiency is computed for each year by reducing the gross amount of rent...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 95 and 96 together. It is assumed that the deputy is referring to certain recommendations that were made in the report of the Commission on Taxation. The first of these mentioned by the Deputy proposed that the income tax relief available for donations made to charitable bodies be available only at the standard rate of taxation. Currently tax relief is...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: Charities and non-profit groups engaged in non-commercial activity are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the services they provide and cannot recover VAT incurred on goods and services that they purchase. Essentially only VAT registered businesses which charge VAT are able to recover VAT. With regard to...

Written Answers — EU Directives: EU Directives (16 Jun 2010)

Brian Lenihan Jnr: The Consumer Credit Directive establishes a harmonised legal framework in the European Union for the provision of consumer credit ranging from €200 up to €75,000. (It does not apply to mortgages). It replaces a 1987 Directive (87/102/EEC), which laid down minimum rules for consumer credit arrangements within the EU. The Directive was transposed into domestic legislation by Statutory...

Written Answers — Departmental Agencies: Departmental Agencies (16 Jun 2010)

Brian Lenihan Jnr: Following requests by the then Department of Enterprise, Trade and Employment I sanctioned the following posts, as exceptional measures under the Moratorium on recruitment and promotions in the public sector: · 4 posts for Enterprise Ireland overseas offices in July 2009 · A further 2 posts for Enterprise Ireland overseas offices in February 2010.

Written Answers — Pension Provisions: Pension Provisions (16 Jun 2010)

Brian Lenihan Jnr: In my reply to the previous question of 30 March 2010 referred to by the Deputy, I said that the Government is aware that individuals who invested some or all of their pension funds in an Approved Minimum Retirement Fund (AMRF) because they did not satisfy the specified income requirement at retirement, may later satisfy that condition. The Government has decided to allow those individuals...

Written Answers — Tax Code: Tax Code (16 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the only circumstances in which the supply of silver coins is exempt from VAT is where they are supplied for use as legal tender in any country. This is provided for in paragraph 6(1)(d) of Schedule 1 to the VAT Act 1972 (as amended). The sale of silver coins, in general, is liable to VAT at the standard rate of 21%. The reduced rate of VAT...

Written Answers — Departmental Statistics: Departmental Statistics (16 Jun 2010)

Brian Lenihan Jnr: The national debt as a percentage of GNP for the period from 1980 to 2010 is set out in Table 1 below. Table 1: National Debt as a % of GNP 1980-2010 Year National Debtâ'¬bn National Debt% of GNP 1980 10.0 80.0% 1981 12.9 85.7% 1982 14.8 84.7% 1983 18.3 95.8% 1984 21.4 103.3% 1985 23.5 106.0% 1986 27.4 115.1% 1987 30.1 117.6% 1988 31.3 116.2% 1989 31.5 106.8% 1990 31.8 99.4%...

Banking Reports: Motion (16 Jun 2010)

Brian Lenihan Jnr: Professor Honohan has outlined the whole thing in his report.

Banking Reports: Motion (16 Jun 2010)

Brian Lenihan Jnr: I did.

Banking Reports: Motion (16 Jun 2010)

Brian Lenihan Jnr: The Deputy's party is learning fast.