Results 2,521-2,540 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (15 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 126 and 127 together. I indicated in my reply to PQ Reference No. 22449 on 27 May that total liabilities covered under the Covered Institutions Financial Support Scheme (CIFS) and the Eligible Liabilities Guarantee Scheme (ELG) was €269 at end March 2010. I further stated that, as of end April, a total of €188bn was expected to mature before 1 October....

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (15 Jun 2010)

Brian Lenihan Jnr: In September 2008 the Government implemented the Credit Institutions (Financial Support) Scheme 2008 (CIFS scheme) to safeguard the Irish banking system. The CIFS scheme covered all deposits (retail, commercial, institutional and interbank), covered bonds, senior debt and dated subordinated debt (lower tier II) until 29 September 2010. Anglo Irish Bank has a continuing contractual obligation...

Written Answers — Courts Service: Courts Service (15 Jun 2010)

Brian Lenihan Jnr: The Deputy will be aware that Finance Act 2010 introduced significant changes to modernise and simplify the probate process and Capital Acquisitions Tax (CAT) administration. A key element of the change is the abolition of the requirement to present two copies of the Inland Revenue Affidavit (Form CA24) to the Revenue Commissioners, in connection with the issue of a High Court certificate,...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that stamp duty data on residential property transactions are not captured in such a manner that would enable a breakdown to be provided between second-hand and new residential properties and between house and apartment property types. As the majority of new houses purchases are exempt from stamp duty - only new properties in excess of 125 square...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, while particulars of transactions where no stamp duty is payable are not normally captured, some relevant information is available on the number of transactions qualifying for the first time buyer exemption from Stamp Duty introduced in Finance (No.2) Act 2007. The figures for the years 2007, 2008 and 2009 are as follows: First Time Buyer...

Written Answers — Insurance Industry: Insurance Industry (15 Jun 2010)

Brian Lenihan Jnr: My Department has been liaising with the Irish Insurance Federation in order to establish how many people are unable to get flood cover and where these people are located. The IIF has indicated that approximately 98% of householders who have household insurance currently have flood cover. They point out that insurers look at the claims history of the individual risk when deciding what...

Written Answers — Judicial Remuneration: Judicial Remuneration (15 Jun 2010)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest Act 2009 does not apply to the Judiciary for constitutional reasons. However, arrangements were put in place on an administrative basis between the Chief Justice and the Revenue Commissioners in April 2009 to facilitate voluntary payments by members of the Judiciary in the context of the pension related deduction scheme. I have no...

Written Answers — Insurance Industry: Insurance Industry (15 Jun 2010)

Brian Lenihan Jnr: The assurances given by my Department regarding the administration of the company in question covers all policyholders in the company, including those in the UK, and is not restricted to new business written since the appointment of the Joint Administrators.

Written Answers — Freedom of Information: Freedom of Information (15 Jun 2010)

Brian Lenihan Jnr: The table below gives the breakdown of requests received for personal and non-personal information for the years 2003 to 2010, the numbers received by Government Departments and the numbers of requests received from Oireachtas members and public representatives. Figures are not kept in relation to a breakdown of personal and non-personal requests refused and figures are not kept of requests...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the total identifiable costs to the Exchequer of all income tax and corporation tax allowances, reliefs, exemptions and tax credits available are set out in the following tables for 2006, the most recent year for which the necessary detailed historical information is available. Relevant notes relating to items in the tables are also included....

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant information available is in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the income tax year 2007. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the most recent year for which final information is available on the cost to the Exchequer, and the numbers of taxpayers availing, of the tax relief for health expenses is the income tax year 2006. In 2006, an estimated 349,000 taxpayers availed of the health expenses relief at an estimated cost to the Exchequer of €165 million. I am not in...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the most recent year for which final information is available on the cost to the Exchequer, and the numbers of taxpayers availing, of the tax relief for tuition fees is for the income tax year 2006. The relevant figures are shown in the following table. Year Estimated cost to the Exchequer €m Estimated Numbers 2006 16 30,800 The numbers...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed for medical insurance premia in 2009 is provisionally estimated at €374 million. The numbers availing of the scheme relate to the number of policies issued as it is not possible to compile a reliable count of the number of individual claimants. For 2008, the latest year for which it is available,...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that provisional estimates, on a preliminary basis, of the cost to the Exchequer of the home carer tax credit and the associated number of income earners availing of it for the income tax years 2010 are as follows: Tax year Estimated cost to the Exchequer €m Estimated numbers availing 2010 57 68,400 The figures for 2010 are estimates from the...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of changing the standard rate of tax by 1%, 2%, 3%, 4% or 5% would be approximately €420 million, €840 million, €1,260 million, €1,680 million and €2,100 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of changing the higher rate of tax by 1%, 2%, 3%, 4% or 5% would be approximately €145 million, €290 million, €435 million, €580 million and €725 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data for the...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2010 incomes, of reducing the single person tax credit by €100 would be of the order of €155 million. The reduction mentioned in the Deputy's question is assumed to apply in similar measure to widowed persons and to include the normal consequential reductions in the tax credit...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: It is assumed that the threshold for the proposed new tax band mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2010 incomes, of the introduction of a new 48% rate...

Written Answers — Tax Yield: Tax Yield (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated notional yield, inclusive of VAT, in 2010 and 2011 from the carbon tax if the rate remains at €15 per tonne or was set at €25 per tonne is set out below. 2010 Est. Yield(inclusive of VAT) 2011 Est. Yield(inclusive of VAT) Carbon Tax @ €15 per tonne €250m €330m Carbon Tax @ €25 per tonne €420m €550m