Results 3,181-3,200 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (20 Apr 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the rules on when a person is a "chargeable person" for the purposes of the self-assessment system, and is liable to make a return under that system rather than under the PAYE system, were amended in Finance Act 2005. These rules were further clarified in Tax Briefing No. 62 which is available on the Revenue website at the following link:...

Written Answers — Tax Collection: Tax Collection (20 Apr 2010)

Brian Lenihan Jnr: The introduction of the Income Levy was announced in Budget 2009 and it took effect in January 2009. The rates at which the Levy is charged were increased in the Supplementary Budget of April 2009. The Income Levy is collected by the Revenue Commissioners as a component of Income Tax. I am informed by the Revenue Commissioners that it is estimated that €1.1 billion was collected from the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (20 Apr 2010)

Brian Lenihan Jnr: Several meetings were held with representatives of various financial institutions and my Department in the period in question. However, my Department has no record of a meeting involving the Department, the persons mentioned by the Deputy and the chief financial officer of a bank.

Written Answers — Freedom of Information: Freedom of Information (20 Apr 2010)

Brian Lenihan Jnr: The Freedom of Information Act does not currently apply to Dublin Tourism Ltd. The Freedom of Information Act (FOI), which covered 67 public bodies when it commenced in April 1998, now applies to over 500 bodies across the public sector. My Department periodically reviews the range of bodies covered by the Act and routinely engages with Government Departments about bodies under their aegis...

Written Answers — Tax Code: Tax Code (20 Apr 2010)

Brian Lenihan Jnr: The provisions of section 128 of the Taxes Consolidation Act 1997 govern the taxation of share options. Under these provisions a charge to income tax under Schedule E arises on gains realised by directors or employees from the exercise, assignment or release of rights, which are granted to them by reason of their office or employment, to acquire shares or other assets in a company. In the...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (20 Apr 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that a balancing statement for the year 2008 has been processed and will issue to the taxpayer in the week commencing April 19th, 2010. There has been no request for a balancing statement received by the Revenue Commissioners for the tax year 2009. To confirm their details and make the request, the person may contact the Revenue Commissioners PAYE...

Written Answers — Departmental Expenditure: Departmental Expenditure (20 Apr 2010)

Brian Lenihan Jnr: The Minister of State, Dr Martin Mansergh TD, represented the Irish Government abroad for St. Patrick's Day. He visited The Netherlands and Belgium from Monday 15 March, returning on Thursday 18 March 2010. Minister Mansergh was accompanied by his Private Secretary for all of his trip and by the Chief Engineer at the Office of Public Works for the trip to the Netherlands in relation to...

Written Answers — Credit Unions: Credit Unions (20 Apr 2010)

Brian Lenihan Jnr: The concerns outlined in the correspondence enclosed by the Deputy refer to the need to update legislation governing the operation and regulation of credit unions in Ireland and to the proposal to amend Section 35 of the Credit Union Act 1997 which imposes limits on credit unions in relation to longer-term lending. With reference to credit union legislation, I agree that the current...

Written Answers — Financial Services Regulation: Financial Services Regulation (20 Apr 2010)

Brian Lenihan Jnr: Detailed information on bondholders of domestic credit institutions senior and subordinated debt is not available. Credit institutions, including Anglo Irish Bank, Irish Nationwide Building Society and the Educational Building Society, do not have access to comprehensive information on the holders of their senior and junior, or subordinated, debt, because such debt is publicly traded and...

Central Bank Reform Bill 2010: Order for Second Stage (20 Apr 2010)

Brian Lenihan Jnr: I move: "That Second Stage be taken now."

Central Bank Reform Bill 2010: Second Stage (20 Apr 2010)

Brian Lenihan Jnr: I move: "That the Bill be now read a Second Time." It is now three weeks since I outlined to this House the last major element of the Government's strategy to resolve our banking crisis. The decisive and bold steps we have taken are not popular, and the honest and full disclosure by the Government and its agencies of the appalling mess we have uncovered within our banks has shocked the...

Energy Security: Motion. (20 Apr 2010)

Brian Lenihan Jnr: I am a Minister and I will keep you company for a while.

Written Answers — EU Funding: EU Funding (1 Apr 2010)

Brian Lenihan Jnr: Ireland's National Strategic Reference Framework (NSRF) was approved by the European Commission in July 2007. The document, in accordance with EU Regulations governing EU Structural Funds, sets out the strategic direction for the deployment of the EU Structural Funds (€750m) allocated to Ireland over the 2007-13 period under the Regional Competitiveness and Employment (RCE) Objective...

Written Answers — Industrial Relations: Industrial Relations (1 Apr 2010)

Brian Lenihan Jnr: I understand that there is no correspondence with me on this specific matter but that the details supplied relate to the difficulties arising for the transaction of business with public service offices during the programme of industrial action undertaken by public service unions. The industrial action is in response to the pay reductions imposed by the Government on public servants with...

Written Answers — Tribunals of Inquiry: Tribunals of Inquiry (1 Apr 2010)

Brian Lenihan Jnr: Based on bi-monthly reports made to the Department of Finance by the Departments with responsibility for the individual tribunals, up to end-February 2010 the cumulative cost of the six requested tribunals as listed below was €217.31 million, of which €44.41 million comprised administration and €172.9 million derived from legal costs. The legal costs figures include €79.19 million...

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

Brian Lenihan Jnr: As the Deputy will be aware, I announced in the Budget that, with a view to restoring balance in the income tax system, to simplify it, to make it fairer and more broadly based, I intended to introduce a new system of just two charges on income viz. a new universal social contribution to replace employee PRSI, the Health Levy and the Income Levy. This will be paid by everyone at a low rate...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT on qualifying goods that are purchased for the exclusive use of disabled persons suffering a specified degree of disablement. "Qualifying goods" are goods which are aids or appliances, including parts and accessories, specially constructed or adapted for use by...

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

Brian Lenihan Jnr: As the Deputy will be aware matters relating to a Society registered in another jurisdiction are the exclusive responsibility of the relevant authorities in that jurisdiction.

Written Answers — National Solidarity Bond: National Solidarity Bond (1 Apr 2010)

Brian Lenihan Jnr: I announced in Budget 2010 that the Government intended to introduce a National Solidarity Bond. This bond will effectively be a new form of our state savings products which are aimed at the retail investor. We already have savings bonds and savings certificates, which are three and five and a half year investment products managed by the National Treasury Management Agency. The new bond...

Written Answers — Insurance Industry: Insurance Industry (1 Apr 2010)

Brian Lenihan Jnr: The Financial Regulator has advised me that the offering of house insurance by insurance companies is a commercial matter based on the assessment an insurer will make of the risks involved. It has no role in relation to issues of pricing or the scope of cover provided by insurance companies. I have also been informed that there is no equivalent for house insurance to the declined cases...