Results 2,621-2,640 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — EU Directives: EU Directives (1 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 130, 153, 160 and 174 together. 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. In...

Written Answers — Departmental Staff: Departmental Staff (1 Jun 2010)

Brian Lenihan Jnr: The breakdown of civil servants by grade employed in March 2009 prior to the introduction of the moratorium on recruitment and promotion is set out as follows. GRADES Moratorium 27 March 2009 NON INDUSTRIAL CIVIL SERVANTS CHAIRMAN OF COMMISSIONERS 1.00 CHAIRMAN OPW 1.00 CHIEF PARLIAMENTARY COUNSEL 1.00 CHIEF STATE SOLICITOR 1.00 CLERK OF THE DAIL 1.00 ...

Written Answers — Tax Collection: Tax Collection (1 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the total amount of tax outstanding at 31 March 2010 was €2,112 m. Of the total outstanding at end March 2010, €669m is the subject of appeal, leaving €1,443m available for collection. The table attached shows the age profile of this collectible debt and the breakdown under each tax heading. This amount includes monies owed by both...

Written Answers — Tax Collection: Tax Collection (1 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the taxpayer lodged a Return of Income on 6 November 2009. However, the accounts submitted did not refer to the correct period and they were subsequently returned to the individual with a request that correct accounts be provided. When these are received the relevant notice of assessment will be issued. There is no record of Revenue having...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that for the purposes of Capital Acquisitions Tax (Gift and Inheritance Tax), the relationship between the person who provided the gift or inheritance - the disponer - and the person who received the gift or inheritance - the beneficiary - determines the maximum tax-free threshold - the "group threshold" - below which gift or inheritance tax does not...

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

Brian Lenihan Jnr: The details supplied by the Deputy relate to current campaign by the Irish League of Credit Unions (ILCU) in relation to amendments to Section 35 of the Credit Union Act 1997 contained in the Central Bank Reform Bill 2010 and to the transposition by Ireland of the Consumer Credit Directive. Section 35 of the Credit Union Act 1997 imposes limits on credit unions in relation to longer-term...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (1 Jun 2010)

Brian Lenihan Jnr: I refer the Deputy to the table. This information is taken from tables C4 and C5 of monthly reports produced by the Central Bank which shows loans to and deposits taken from customers, excluding Government and credit institutions. I am assuming that the reference to Irish banks in the Deputy's question comprises of the retail clearing banks and the non-clearing domestic banks. As the Deputy...

Written Answers — Northern Ireland Issues: Northern Ireland Issues (1 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 140 and 141 together. The Minister for Finance and Personnel in Northern Ireland Sammy Wilson and I have met on a number of occasions and we discussed matters of mutual interest, including NAMA, the potential for budgetary savings and improved outcomes through North South co-operation and the economic challenges facing both jurisdictions. Indeed, Minister of...

Written Answers — Tax Yield: Tax Yield (1 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 142 and 143 together. I have set out the information sought by the Deputy in the attached tables. By way of information, the historical figures the Deputy requests are published each year in the Finance Accounts. The most recent projected figures for 2010 to 2014 were those published in Budget 2010 and are available on the Department of Finance website. It...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (1 Jun 2010)

Brian Lenihan Jnr: As the Deputy is aware the Board of the bank is responsible for the day-to-day operations of the bank. The bank provides details of its assets and liabilities through the Annual Report and Accounts. The Report and Accounts for the 15 month period to 31 December 2009 was published in March 2010, please see following link http://www.angloirishbank.com/About-Us/Reports/. In addition, the bank...

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

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners who are charged with responsibility for the timely collection and recovery of taxes and duties due to the Exchequer. Where businesses or individuals fail to meet their tax payment obligations on time, then they are liable to interest. The statutory rates of interest charged by the Revenue Commissioners in relation to late payment of tax and...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (1 Jun 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 147 and 178 together. Discussion on the issue of how to ensure that the financial sector contribute to the cost of dealing with crises is underway in various fora internationally. In addition to the proposals from the European Commission referred to by the Deputy, which are set out in the Commission's Communication on Bank Resolution Funds, the IMF is also...

Written Answers — Economic and Monetary Union: Economic and Monetary Union (1 Jun 2010)

Brian Lenihan Jnr: The European Council has taken a number of steps in recent weeks and months to safeguard the financial stability of the euro area. However there is a broad understanding that economic governance within the euro area needs to be improved. To this end, the President of the European Council Herman Van Rompuy has established a Task Force to look more closely at reform. The Task Force – of which...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the application for a refund of income levy was received from the person named on 2 February 2010. Additional details in support of the application were requested on 26 May 2010. When the supporting information is received, the application will be considered without further delay.

Written Answers — Tax Yield: Tax Yield (1 Jun 2010)

Brian Lenihan Jnr: The yield from all tobacco products for 2009 was €1,216.5m. I would draw to the Deputy's attention that Ireland, at around €8.50 for a pack of 20 cigarettes, has the highest price and tobacco tax levels for cigarettes in the European Union. Any changes in tobacco taxes will be considered in the context of the Budgetary process.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (1 Jun 2010)

Brian Lenihan Jnr: The Financial Services Ombudsman was established on a statutory basis as an independent body to deal with complaints from customers of financial services providers. The Minister for Finance has no involvement in the day to day workings of the Financial Services Ombudsman. In the circumstances, it would not be appropriate for me to make any statement in relation to the Deputy's question. The...

Written Answers — Tax Collection: Tax Collection (1 Jun 2010)

Brian Lenihan Jnr: The Deputy will be aware that the Finance Act 2010 introduced significant changes in connection with the modernisation and simplification of the probate process and Capital Acquisitions Tax (CAT). One of the key elements of the change relates to the filing of CAT returns (Forms IT38). A new simplified paper form has been developed and may be used where the following conditions are met: No...

Written Answers — Money Advice and Budgeting Service: Money Advice and Budgeting Service (1 Jun 2010)

Brian Lenihan Jnr: The Money and Budgeting Service (MABS), which falls under the remit of the Minister for Social Protection, provides a national, free, confidential and independent service for people in debt. MABS offices, throughout the country, work with people in order to assist them with their financial planning and budgeting for the future. Recently, as the numbers experiencing debt problems have...

Written Answers — Pension Provisions: Pension Provisions (1 Jun 2010)

Brian Lenihan Jnr: On 25 April 2010, having consulted the Governor of the Central Bank and the Regulatory Authority and having decided that it is required in the public interest to prevent potential serious damage to the financial system in the State and to ensure the continued stability of that system. I issued directions to the National Pensions Reserve Fund Commission to convert part of its €3.5 billion...

Written Answers — Pension Provisions: Pension Provisions (1 Jun 2010)

Brian Lenihan Jnr: The National Pensions Reserve Fund was established on 2 April 2001 under the National Pensions Reserve Fund Act 2000 with the objective of meeting as much as possible of the cost to the Exchequer of social welfare pensions and public service pensions to be paid from the year 2025 until at least 2055. The National Pensions Reserve Fund Commission – who control and manage the Fund –...