Results 3,721-3,740 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (25 Feb 2010)

Brian Lenihan Jnr: I announced in the Budget that a carbon tax at a rate €15 per tonne will be introduced on fossil fuels. It should be noted that a carbon tax came into effect on 10 December 2009 in respect of petrol and auto-diesel. The carbon tax on heating products, including gas, will come into effect from 1 May 2010, and solid fuels by commencement order from a later date. It is estimated that domestic...

Written Answers — Vehicle Scrappage Scheme: Vehicle Scrappage Scheme (25 Feb 2010)

Brian Lenihan Jnr: The provisions of the car scrappage scheme as set out in Section 102 of the Finance Bill as published on 4 February 2010, provide that the car being scrapped, must be registered in the State in the name of the registered owner of the new car for at least 18 month previous to the date of scrappage; must be 10 years old or more from the date of first registration; must be scrapped on or...

Written Answers — Tax Collection: Tax Collection (25 Feb 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the taxation of annuities and pensions from superannuation funds in the USA and the UK is governed by the respective double taxation treaties between this country and those States. Under the terms of both treaties, annuities and pensions arising from pension arrangements in the USA and the UK, are taxable only in the recipient's country of...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (25 Feb 2010)

Brian Lenihan Jnr: As the Deputy is aware, the Covered Institutions (Financial Support) Scheme 2008 (CIFS) came into effect on 30 September 2008 and is due to expire on 29 September 2010. The Eligible Liabilities Guarantee Scheme (ELG) commenced on 9 December 2009 and liabilities issued under this Scheme can have a maximum maturity of five years up to September 2015. The amount of money paid under the Credit...

Written Answers — Mortgage Arrears: Mortgage Arrears (25 Feb 2010)

Brian Lenihan Jnr: Home repossession should be and generally is the last resort for the lender. The preferred method of dealing with cases of arrears should be early intervention and engagement. I approved the setting up of the Inter-Departmental Mortgage Arrears Review Group, chaired by one of my officials, for the purpose of bringing together all relevant information in Departments and examining options,...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (25 Feb 2010)

Brian Lenihan Jnr: According to Anglo Irish Bank's published annual accounts at 30 September 2008, it's consolidated accounts indicate a total of €51,499m in customer deposits, comprising €19,156m in retail deposits, and €32,343m in non-retail deposits. Further detail of the breakdown of Anglo Irish Bank's customer deposits is included in Note 36 to the bank's 30 September 2008 accounts, which I enclose...

Written Answers — Civil Service Staff: Civil Service Staff (25 Feb 2010)

Brian Lenihan Jnr: The information reported to my Department, to date, indicates that some 1,130 civil servants had applied for the Incentivised Scheme for Early Retirement (ISER) and that 954 of these had been approved. The information also indicates that there is an estimated pay saving of some €56 million on a full year basis, although this figure would be offset in part by additional pension and lump sum...

Written Answers — Tax Collection: Tax Collection (25 Feb 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, regrettably, due to industrial action by some staff, it is not possible to ascertain the specific details of this case in the time available. However, the matter has been referred to the relevant Revenue District where it will be dealt with and a reply will issue directly to the person (details supplied) in County Roscommon.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (25 Feb 2010)

Brian Lenihan Jnr: Levels of regulatory capital that banks must hold as a cushion against the credit and other risks that they must run are established by the so-called Basel II Framework, which was adopted in 2004, implemented in Ireland and across the EU in 2006 and which came into effect from 1 January 2008. The Basel II Framework was agreed by members of the Basel Committee on Banking Supervision, which...

Written Answers — Tax Code: Tax Code (25 Feb 2010)

Brian Lenihan Jnr: In its ruling of 16 July 2009 in Case C-554/07, the European Court of Justice found that Ireland had failed to correctly transpose EU VAT law regarding public bodies including local authorities. In order to comply with the ruling, it is necessary to make public bodies subject to VAT and Finance Bill 2010 includes a provision to this end. In effect, this means that certain goods and services...

Written Answers — Tax Code: Tax Code (24 Feb 2010)

Brian Lenihan Jnr: The windfall tax rate of 80% applies to the portion of a profit or gain made on the disposal of land which is attributable to a rezoning, where both the rezoning and the disposal giving rise to the windfall happen after 30 October 2009. A "rezoning" for this purpose means a change from a non-development land use to a development land use, or a mixture of development land uses, or from one...

Written Answers — Tax Code: Tax Code (24 Feb 2010)

Brian Lenihan Jnr: This is a matter in the first instance for the Revenue Commissioners who are responsible for the administration of mortgage interest relief through the tax relief at source (TRS) system. I am advised by the Revenue Commissioners that following direct contact with the person concerned, Revenue is satisfied that there is an entitlement to relief. Accordingly, arrangements have been made for...

Written Answers — Proposed Legislation: Proposed Legislation (24 Feb 2010)

Brian Lenihan Jnr: I hope to bring a Bill to reform financial regulatory structures to Government shortly and, pending a Government Decision, to publish the legislation during the current session of Dáil Éireann.

Written Answers — International Agreements: International Agreements (24 Feb 2010)

Brian Lenihan Jnr: The Deputy is referring to Ireland's participation in the International Monetary Fund's (IMF) New Arrangements to Borrow, (NAB). The NAB is essentially a set of credit arrangements between the IMF and member countries and institutions to provide supplementary resources to the IMF to forestall or cope with an impairment of the international monetary system or to deal with an exceptional...

Written Answers — State Banking Sector: State Banking Sector (24 Feb 2010)

Brian Lenihan Jnr: The Director of Corporate Enforcement is independent in carrying out his functions under the Company Law Enforcement Act 2001. His statutory remit is limited to the Companies Acts. The Director has stated that the Garda Bureau of Fraud Investigation and ODCE investigations into the affairs of Anglo Irish Bank are proceeding satisfactorily. Both are cooperating closely. I understand that...

Written Answers — Financial Services Regulation: Financial Services Regulation (24 Feb 2010)

Brian Lenihan Jnr: I understand that the Deputy is referring to investigations into Anglo Irish Bank currently being carried out by staff of Irish Financial Services Regulatory Authority reporting to its Chief Executive, Mr. Matthew Elderfield. In accordance with the Central Bank Act 1942 (as amended) and the Statute of the European System of Central Banks, the Central Bank and Financial Services Regulatory...

Written Answers — Financial Services Regulation: Financial Services Regulation (24 Feb 2010)

Brian Lenihan Jnr: As the Deputy will be aware, a number of regulatory bodies are carrying out investigations of behaviour at Anglo Irish Bank. These include the Office of the Director of Corporate Enforcement, the Garda Fraud Office and the Financial Regulator and the Irish Auditing and Accounting Supervisory Authority (IAASA). Whilst all enquiries are at an advanced stage and are being progressed as a matter...

Written Answers — Departmental Staff: Departmental Staff (24 Feb 2010)

Brian Lenihan Jnr: The current work to rule in the Department of Social and Family Affairs is part of a co-ordinated programme of industrial action undertaken by public service unions across the public sector. The industrial action is in response to the pay reductions imposed by the Government on public servants with effect from 1 January last as part of the Government's budgetary strategy to bring the public...

Written Answers — Public Sector Pay: Public Sector Pay (24 Feb 2010)

Brian Lenihan Jnr: I refer to my reply to Questions Nos. 176 and 182 answered on 23 February 2010. Section 6 of the Financial Emergency Measures in the Public Interest (No. 2) Act 2009 provides that, in certain limited circumstances, the Minister for Finance may by direction exempt or vary the application of the pay reductions provided for in the Act to public servants or groups of public servants....

Written Answers — Departmental Correspondence: Departmental Correspondence (23 Feb 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Section 135 (a) of the Finance Act 1992 permits a European or other foreign registered vehicle which is temporarily brought into the State by a person established outside the State to be exempted from the requirement to register for vehicle registration tax purposes for a period normally not exceeding 12 months from the date upon which the...