Results 4,081-4,100 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Redundancy Payments: Redundancy Payments (2 Feb 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that generally speaking, all payments made by employers to employees are regarded as "Pay" for tax purposes. Lump sum payments on a redundancy or a retirement, however, qualify for special tax treatment - they may be exempt from tax or may qualify for some relief from tax. The person concerned should submit a completed tax return for the...

Written Answers — Redundancy Payments: Redundancy Payments (2 Feb 2010)

Brian Lenihan Jnr: There are currently three directives awaiting transposition into primary or secondary legislation under my Department's responsibility which have exceeded their transposition deadline. In the case of two of these the transposition timeline was late last year and it is expected that they will be transposed by means of Statutory Instrument shortly. The third outstanding directive has a...

Written Answers — Social Insurance: Social Insurance (2 Feb 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, in this case, there is a PRSI and tax liability outstanding for the year 2006. I understand that the person in question wrote to the Revenue Commissioners on 30 October 2009 requesting clarification regarding the tax and PRSI paid. The Revenue Commissioners replied on the December 2009 confirming the amount of tax that was repaid to their...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: I announced in the budget that a carbon tax at a rate of €15 per tonne is being introduced on fossil fuels. The tax was applied to petrol and auto-diesel with effect from midnight, 9 December 2009; and will apply from 1 May 2010 to kerosene, marked gas oil (also known as 'green diesel' or 'agricultural diesel'), liquid petroleum gas (LPG), fuel oil and natural gas. The application of the...

Written Answers — Motor Vehicle Registration: Motor Vehicle Registration (2 Feb 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that vehicles imported permanently into the State must register for VRT purposes within seven days of arrival. This rule applies equally to vehicles imported by EU and non-EU persons. However, section 135(a) of the Finance Act 1992 permits an EU or other foreign registered vehicle, which is temporarily brought into the State by a person established...

Written Answers — Public Sector Pay: Public Sector Pay (2 Feb 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 236, 250 and 254 together. 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. Directions have been made by me...

Written Answers — Banking Sector Investigations: Banking Sector Investigations (2 Feb 2010)

Brian Lenihan Jnr: The Government has agreed a framework for a comprehensive investigation into the causes of the systemic failures in the Irish banking sector which will take place in two stages. The first stage of the investigation will consist of the preparation of two separate preliminary reports; one from the Governor of the Central Bank and a second from Mr Klaus Regling, a recognised international...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: The windfall tax rate of 80%, which was introduced under the National Asset Management Agency Act, applies to the portion of any profit or gain made on the disposal of land which is attributable to a rezoning, where both the rezoning and the disposal of land giving rise to the windfall occur after 30 October 2009. A rezoning for windfall tax purposes is defined as a change from a...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: Based on the information provided there would be an entitlement to mortgage interest relief from 2003, including entitlement on the new mortgage taken out when the person traded up to a new property in 2007. Having received mortgage interest relief for seven tax years from 2003 to 2009 at the first-time buyer rate, the person is now entitled to receive mortgage interest relief on the new...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: The reduction in the standard rate of VAT from 21.5% to 21% applies with effect from 1 January 2010. In the case of continuous supplies of telecommunications services, electricity or gas, for which a bill is issued at least every three months, the rate of VAT that should be charged is the rate in force at the date of issue of the bill. In all other cases of services to private individuals,...

Written Answers — Public Sector Pay: Public Sector Pay (2 Feb 2010)

Brian Lenihan Jnr: The pay reductions provided for in the Financial Emergency Measures in the Public Interest (No. 2) Act 2009, apply to the instruments setting rates of pay. It is a well established principle that the pay of job or work sharers and those on atypical work patterns is calculated by reference to the whole time equivalent pay rate for the grade or post in question. The reduced pay rates are,...

Written Answers — Freedom of Information: Freedom of Information (2 Feb 2010)

Brian Lenihan Jnr: The Irish Red Cross is a voluntary and autonomous body and having regard to its international character and the work it does it is not considered appropriate that FOI should apply to it.

Written Answers — Urban Renewal Schemes: Urban Renewal Schemes (2 Feb 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of each of the property based tax reliefs is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the years 2004 to 2007, the latest year that this information is available. These are set out in the following Table:...

Written Answers — Public Sector Staff: Public Sector Staff (2 Feb 2010)

Brian Lenihan Jnr: As the Deputy will be aware the Incentivised Scheme of Early Retirement and the Special Civil Service Incentive Career Break Scheme were introduced as once-off measures that were included in the Supplementary Budget on 7 April 2009. Following implementation these measures were extended to staff in different areas in the public service. There is no current proposal to extend either of the...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: I have received a report commissioned jointly by Aer Lingus, Ryanair and Cityjet from Amsterdam Aviation Economics in relation to the air travel tax. The report and the analysis therein, including those assumptions made by the authors, continue to be examined by my officials. However, I understand the report makes a number of important assumptions, and the data on which they are based, are...

Written Answers — Tax Code: Tax Code (2 Feb 2010)

Brian Lenihan Jnr: No changes were made to the artists exemption scheme in Budget 2010. However, the exempt income of artists is one of the specified reliefs which are subject to the restriction of reliefs measure. I announced significant changes in the Budget to the operation of the restriction from the 2010 tax year. The adjusted income level at which the restriction will now come into operation was reduced...

Written Answers — Parking Regulations: Parking Regulations (2 Feb 2010)

Brian Lenihan Jnr: My Department has recently completed the consultation process in respect of the introduction of the parking levy. My officials have now been directed to prepare the necessary documentation for its introduction on a pilot basis, in the Dublin city centre area. I will then determine the date from which it will commence.

Written Answers — Mortgage Arrears: Mortgage Arrears (2 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. In the revised Programme for Government we have stated that we will be: · Introducing new measures to protect families having difficulties with their home mortgage payments; · Examining ways of expanding the existing...

Written Answers — Legislative Programme: Legislative Programme (2 Feb 2010)

Brian Lenihan Jnr: As I informed the House previously, I intend to initiate legislation to reform the institutional structures for financial regulation early this year and in this regard I will bring proposals to Government shortly in relation to the Bill to which the Deputy refers. It will then be a matter for the Government to decide on referring the Scheme of a Bill to the Office of the Attorney General for...

Written Answers — Proposed Legislation: Proposed Legislation (2 Feb 2010)

Brian Lenihan Jnr: The forthcoming Finance Bill, which is published this coming Thursday 4 February 2010, includes provision to make public bodies subject to VAT in accordance with the European Court of Justice ruling against Ireland of 16 July 2009 in Case C-554/07. In summary, the VAT Act is being amended to provide that public bodies, including local authorities, are made subject to VAT where they engage in...