Results 3,201-3,220 of 16,537 for speaker:Brian Lenihan Jnr

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

Brian Lenihan Jnr: As noted in the OECD Economic Survey: Ireland 2009, the projections on pensions are sourced from the joint Economic Policy Committee-European Commission Ageing Report on economic and budgetary projections for the EU-27 member states. The Ageing Report projections run to 2060 and national projections to 2050. The Ageing Report assumptions differ somewhat from national assumptions and are the...

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

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am informed by Revenue that the necessary internal computer changes have recently been completed. Some 2,700 taxpayers have provided additional information required of them by Revenue in relation to top up mortgages. Each case requires an individual review to confirm entitlement to mortgage interest relief in the light of the information...

Written Answers — Humanitarian Assistance Scheme: Humanitarian Assistance Scheme (1 Apr 2010)

Brian Lenihan Jnr: As stated in my response to PQ 166 of 10 March 2010 and PQ previous responses, I have no plans to introduce a grant for home relocation. Consideration to amending the terms of the Humanitarian Assistance Scheme is a matter for my colleague the Minister for Social and Family Affairs.

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated net yield of VAT for the years 2005 to 2009 and the estimated breakdown in respect of the yields from the reduced VAT rate and the standard VAT rates are as set out in the following table. Net VAT Yield 2005 to 2009 Reduced VAT Rate Standard VAT Rate Total â'¬m â'¬m â'¬m 2005 5,108 7,017 12,125 2006 5,914 7,537...

Written Answers — Mortgage Arrears: Mortgage Arrears (1 Apr 2010)

Brian Lenihan Jnr: As the Deputy is aware, on 25th February 2010, I informed the Government of my proposals regarding expanding the membership of the Interdepartmental Mortgage Arrears Group, under the Chairmanship of Mr. Hugh Cooney who is an insolvency accountant. The revamped Group has commenced its work, having met twice since being established, and has finalised its Terms of Reference which I have...

Written Answers — Departmental Reviews: Departmental Reviews (1 Apr 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 74 and 75 together. 2006-2008 Round of Reviews The Value for Money and Policy Review process was launched in 2006, replacing the old Expenditure Review Initiative (ERI). In total 65 Reviews were completed during the 2006-2008 Round of Reviews. 32 reviews were not completed under the round and were carried forward into the new round of VFM reviews for...

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

Brian Lenihan Jnr: The Minister for Transport has primary responsibility for matters relating to the company in question, including its pension schemes. With regard to pension arrangements, the administration of the schemes and proposals for amendment to the schemes are a matter for the company and its pension committee in the first instance. The relevant legislation requires that any amendments to the schemes...

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

Brian Lenihan Jnr: Following the Review of Tax Relief for Pensions Provision carried out jointly by my Department and the Revenue Commissioners in 2005, as part of the Internal Reviews of certain tax schemes, a number of significant changes were made to pensions tax policy in the 2006 Budget and Finance Act. These changes impacted primarily on high net worth individuals. The most significant of the changes was...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Will the Deputy allow me to answer the question? Regarding the supplementary budget last year, first of all, it was made clear that as a result of NAMA occasioning losses, the State stood ready to provide capital by way of ordinary shares, equity. Likewise when the NAMA legislation was introduced last September, a similar undertaking was given on the floor of the House, and the Financial...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: ——the institution would be faced with an immediate——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Can I finish the answer? It would be faced with an immediate call, and the State would be faced with an immediate call as well. With regard to the promissory note, it was approved by the Government last Tuesday and by the European Commission. That is the sequence of events. There is no hidden commitment or secret agreement or understanding. There is, of course, the working through of the...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am not avoiding it.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I understand the point Deputy D'Arcy is making, although it is not directly relevant to this debate. It is an issue, but one we can discuss at another time. Deputy Burton asked about the future of EBS and Irish Nationwide Building Society. I outlined the position on an institution-specific basis with regard to both institutions in my speech last Tuesday. Each institution must submit a...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: A question about the third banking force was asked. The most important issue——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I understood this was to be a questions and answers rather than a reply session. There is another five minutes available for questions.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There is no such European Union decision, Deputy. He will have to stop misrepresenting these matters all the time. It is fundamental and I will deal with other matters too.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There is no rejection by the European Union of any structural plan for Anglo Irish Bank.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: It is hard to give information when it is stated on a premise of total inaccuracy.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I will deal with our relations with the European Union by way of reply. I spoke to the Commissioner on Tuesday morning and I am in a position to deal with the situation. Deputy Bruton is not in a position to draw inferences which are unwarranted.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: On AIB, the Deputy is wrong again because the Minister——