Results 301-320 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Banks Recapitalisation: Banks Recapitalisation (20 Jan 2011)

Brian Lenihan Jnr: 1I refer the Deputy to my reply to Parliamentary Question No. 111 which contains a typographical error; the figure for the initial payment on the Promissory Note to Anglo Irish Bank at the end of March should read €2,528 million and not €2.528 million. I apologise for this error and can assure the Deputy that steps have been made to ensure the record is corrected. In response to the...

Written Answers — Public Service Pensions: Public Service Pensions (20 Jan 2011)

Brian Lenihan Jnr: 1The public service pension reduction was legislated for in December 2010 in the Financial Emergency Measures in the Public Interest Act 2010. It came into operation on 1 January 2011. The reduction is not confined to the pensions of retired civil servants. It applies to all public service pensions above €12,000 payable to persons retired from all parts of the public service including...

Written Answers — Tax Reliefs: Tax Reliefs (20 Jan 2011)

Brian Lenihan Jnr: 1For the Deputy's information I have already received representations from the persons in question (details supplied) in relation to the proposals for Section 23 which I announced in the Budget. My Department has responded to those representations in the normal way. Details regarding these proposals will be set out in the Finance Bill.

Written Answers — Financial Services Sector: Financial Services Sector (20 Jan 2011)

Brian Lenihan Jnr: The sale of Allied Irish Banks' (AIB) entire shareholding in Goodbody Holdings Limited, including Goodbody Stockbrokers, was part of a strategic decision taken by the board of AIB to raise capital by the disposal of certain assets. This capital raising was necessitated by the bank having to meet set capital adequacy requirements as dictated by the Central Bank. I have had no involvement in...

Written Answers — Proposed Legislation: Proposed Legislation (20 Jan 2011)

Brian Lenihan Jnr: I understand that the Deputy's Private Member's Bill to which he refers proposes that unclaimed winnings from betting, gaming and lottery activities would be transferred to a new "Unclaimed Prizes Fund" and available for disbursement by a new "Unclaimed Winnings Board" to support certain types of social programmes or projects and that the Bill also proposes to give certain powers and...

Written Answers — Departmental Correspondence: Departmental Correspondence (20 Jan 2011)

Brian Lenihan Jnr: I have noted the further comments included in the details supplied with the Deputy's question.

Written Answers — Tax Code: Tax Code (20 Jan 2011)

Brian Lenihan Jnr: As the Deputy is aware, I announced in Budget 2011 a major reform of the charge to Stamp Duty on residential property transactions, which applies to all instruments executed on or after 8 December 2010. These changes have simplified the system by lowering the rates applicable and abolishing a number of exemptions and reliefs. The changes in rates are as follows: Stamp Duty rates on...

Written Answers — Financial Services Regulation: Financial Services Regulation (20 Jan 2011)

Brian Lenihan Jnr: I am advised that this question involves a case where an individual made representations to the then Minister for Finance in regard to a dispute he was having with a regulated financial entity. The matter was referred to the then Financial Regulator who, I understand, referred the matter to the Financial Services Ombudsman. I further understand that the Financial Services Ombudsman made a...

Written Answers — Tax Code: Tax Code (20 Jan 2011)

Brian Lenihan Jnr: I have sought to adopt a pragmatic and balanced approach to this issue. The measures announced in the Budget were targeted solely at passive investors and would restrict the use of and carry forward of capital allowances and limit Section 23 relief to income from the individual Section 23 property. Since the Budget, my officials have been engaged in a consultation process with various...

Written Answers — Tax Collection: Tax Collection (20 Jan 2011)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the taxpayer, in this case, borrowed money to pay a Capital Gains Tax liability that arose from a disposal that was covered by a contract dated 24 March 2004. At the time the sale was due to close the purchaser withdrew from it and forfeited the deposits paid. Revenue received confirmation that the contract was rescinded on 24 March...

Written Answers — Departmental Staff: Departmental Staff (19 Jan 2011)

Brian Lenihan Jnr: Following recommendations made by the Review Body on Higher Remuneration in the Public Sector, schemes of performance-related awards were formerly applicable to the grades of Deputy Secretary and Assistant Secretary in the civil service. Payments were last made in 2008 in respect of the year 2007. Information on these payments is available in the Report of the Committee for Performance Awards...

Written Answers — Departmental Staff: Departmental Staff (19 Jan 2011)

Brian Lenihan Jnr: Current arrangements provide that 90% and 85% respectively of promotions to the grades of Assistant Principal and Principal in my Department are made on a competitive basis. All promotions that occurred in the period referred to by the Deputy were made in accordance with these arrangements. Appointments to the post of Secretary General of my Department are made by the Government....

Written Answers — Financial Services Regulation: Financial Services Regulation (19 Jan 2011)

Brian Lenihan Jnr: The National Solidarity Bond is one product in the range of State Savings products offered by the National Treasury Management Agency (NTMA) to personal savers through the post office network. The main State Savings products are · Prize Bonds · 3-year Savings Bonds · 51⁄2-year Savings Certificates · 10-year National Solidarity Bond · State Savings Accounts (demand and 30 day notice)...

Written Answers — Pension Provisions: Pension Provisions (19 Jan 2011)

Brian Lenihan Jnr: The following table provides a breakdown of the estimated cost of tax and PRSI reliefs relating to private pension contributions for 2007, the latest year for which the most up-to-date data is available. Figures have been rounded where appropriate. Estimate of the cost of tax and PRSI reliefs on private pension contributions 2007. Estimated costs Numbers* €million Employees'...

Written Answers — Tax Collection: Tax Collection (19 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they first contacted the person concerned in relation to a tax credit claimed in January 2010. As no reply was received to that correspondence, a further letter was issued on 27 August 2010 explaining that the tax credit under enquiry was being withdrawn. PAYE Balancing Statements (P21) for the tax years 2006-2009 inclusive, issued on the...

Written Answers — Departmental Reports: Departmental Reports (19 Jan 2011)

Brian Lenihan Jnr: As the Deputy is aware, the Report provides a set of recommendations relating to structures, resources and processes in the Department. While a number of recommendations are matters for Government after proper consideration, a significant number relate to working structures, staffing and work practices and can be addressed in the Department. Work on an implementation plan has already...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: The Programme of Financial Support for Ireland provides for financial sector reforms. As part of the agreement with the EC, IMF and EU, the State has agreed to adopt deleveraging measures and to implement restructuring of the banking sector. To this end, a Prudential Liquidity Assessment Review or "PLAR" will establish target funding ratios for each of the banks, identify non core assets and...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: Two bids for EBS are currently being considered: one from Irish Life & Permanent and the other from an international consortium led by Cardinal Capital Group. The deadline for receipt of the bids from each party was 17 January 2011 and each party submitted their respective bids by the required deadline. Each bid is now being evaluated with a view to deciding the best strategy for taking the...

Written Answers — Public Service Pay: Public Service Pay (19 Jan 2011)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest (No 2) Act 2009 provides for the reduction in the pay rates of all persons employed by public service bodies, with effect from 1 January 2010. The caretakers and secretaries referred to in the question are deemed to be public servants within the meaning of and for the purposes of the Financial Emergency Measures in the Public Interest...

Written Answers — Consultancy Contracts: Consultancy Contracts (19 Jan 2011)

Brian Lenihan Jnr: The following table sets out the details of the number of contracts to the company in question by public bodies under my remit in each of the past five years (2006 to 2010) and to date in 2011. Body Year Detail National Treasury Management Agency 2009 Following a procurement process, London Economics (which is part of the Indecon Group) was contracted by the NTMA to carry out an...