Results 4,321-4,340 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — EU Funding: EU Funding (15 Dec 2009)

Brian Lenihan Jnr: A number of Government Departments and agencies have responsibility for emergency planning functions. In relation to the recent flooding, I am informed that the Minister for the Environment, Heritage and Local Government is asking the local authorities for reports on the impact of the flooding and an assessment of the remedial works required. In the course of attending ECOFIN in Brussels...

Written Answers — Tax Collection: Tax Collection (15 Dec 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, following the submission of outstanding VAT returns last week, all outstanding VAT refunds for the person in question have now been processed. Two payments were credited to the relevant bank account on 8th and 11th December and a further payment is being credited on 15th December. I am also advised that refunds of income tax, which were...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: Liquid Petroleum Gas (LPG) has tax advantages in comparison to petrol and auto-diesel. LPG for uses other than as a propellant has a zero rate of tax, and the propellant tax rate is currently set at the minimum permitted by the Energy Taxation Directive. The current excise duty rate on LPG used as a propellant is 6.395 cents per litre. This rate will increase by 2.464 cents to 8.859 cents...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: I announced in the Budget that exemptions from the carbon tax will apply only to participants in the EU Emissions Trading Scheme (ETS) in respect of fuels covered. There is scope under the Energy Tax Directive to apply a lower rate of excise duty on auto-diesel in respect of certain local public passenger transport services and certain other commercial users, once the EU minimum rate is...

Written Answers — Civil Service Staff: Civil Service Staff (15 Dec 2009)

Brian Lenihan Jnr: The Special Civil Service Incentive Career Break Scheme 2009 was introduced as a once-off measure that was included in the Supplementary Budget on 7 April 2009. There is no current proposal to extend the scheme.

Written Answers — State Properties: State Properties (15 Dec 2009)

Brian Lenihan Jnr: The figure included in the Budget arithmetic relating to property sales in respect of 2010 is €10m. This figure concerns a number of property sales to be organised by the Office of Public Works, the proceeds of which will be paid into the Exchequer. For reasons of commercial sensitivity, it is not proposed, at the present time, to divulge details of the properties to be sold or to provide...

Written Answers — National Asset Management Agency: National Asset Management Agency (15 Dec 2009)

Brian Lenihan Jnr: The Department of Justice, Equality and Law Reform sought the views of my Department prior to commencing the rent review provision contained in section 132 of the Land and Conveyancing Law Reform Act 2009. As a matter of course my Department consulted with the interim NAMA on this issue, prior to responding to the Department of Justice, Equality and Law Reform. I would note that existing...

Written Answers — Redundancy Payments: Redundancy Payments (15 Dec 2009)

Brian Lenihan Jnr: On 4 November, Anglo Irish Bank announced the terms for a redundancy programme, seeking up to 230 redundancies, as part of a programme to reduce the cost base of the bank and to improve efficiency. The bank's preference is to realise the targeted reductions through voluntary means in Ireland and the UK. The terms are: In Ireland, 4 weeks' pay per year of service, plus statutory entitlement,...

Written Answers — National Wage Agreement: National Wage Agreement (15 Dec 2009)

Brian Lenihan Jnr: The Deputy will be aware that I have an "arms length" relationship with the named covered institution. As Minister for Finance I am not in a position to direct pay policy in a private sector company. I have previously pointed out that the pay award in question arose from an agreed interim Labour Relations Commission recommendation on remuneration matters before it involving non-senior staff...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: The windfall tax rate of 80%, which was introduced under the National Asset Management Agency Act, will apply 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 Clearance Certificates: Tax Clearance Certificates (15 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 122 and 123 together. I have been informed by the Revenue Commissioners that P21 Balancing Statements for the years 2005 and 2006 issued on 4th May 2007 and a P21 for 2007 on 29th May 2008. As there was not a request for a balancing statement for 2008, none has issued. The 2009 tax credit certificate issued on 3rd December 2008. The person in question may...

Written Answers — Fiscal Policy: Fiscal Policy (15 Dec 2009)

Brian Lenihan Jnr: The national debt stood at €72.3 billion at end-November 2009. In addition the National Treasury Management Agency (NTMA) held Exchequer cash balances which amounted to just over €29 billion at end-November. The NTMA advise that the overall gross debt at end-November comprised approximately 70% long-term bonds, 21% short-term debt and 9% government savings schemes. Based on the projected...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: The purpose of the new windfall gains provisions is to apply a higher 80% rate of tax to the profits or gains from land disposals where those profits or gains are attributable to a rezoning decision made by a local authority rather than to any value attributable to the work of the landowner. Subject to certain specified exceptions, the provisions will affect any individual or company who...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: Correspondence dated 26 March 2009 and 15 October 2009 was received in my Department from the person referred to by the Deputy. Replies issued to these letters on 5 June 2009 and 9 November 2009 respectively. In the case in question, a Stamp Duty liability may arise if property of an increased value is acquired, and a Capital Gains Tax charge may arise if property is disposed of. Neither...

Written Answers — International Monetary Fund: International Monetary Fund (15 Dec 2009)

Brian Lenihan Jnr: EU Heads of State and Government agreed, at their informal meeting in September 2009, that they would provide a total of up to €125 billion to the IMF, as the EU contribution to the trebling of the IMF's resources, which was agreed at the G20 summit in London in April 2009 in response to the global financial crisis. Ireland's share of the €125 billion is estimated at about €2 billion...

Written Answers — Tax Collection: Tax Collection (15 Dec 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a review (P21) for 2008 issued to the person concerned on 30 November 2009 and a refund was issued on 4 December 2009.

Written Answers — Employee Earnings: Employee Earnings (15 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant historical information available on the incomes of employees taxed under the PAYE system is derived from income tax returns filed for the income tax year 2007, representing about 96% of all returns expected at the time the data were compiled for analytical purposes. On this basis the numbers of PAYE employees in Cork city and...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: The Tax Acts apply different rules to the computation of taxable income depending on the source of the income. The income receivable from the letting of premises such as self-catering accommodation is regarded as rental income and assessed accordingly. Income from the operation of hotels and bed and breakfast establishments is regarded as trading income and different rules apply to the...

Written Answers — Ministerial Remuneration: Ministerial Remuneration (15 Dec 2009)

Brian Lenihan Jnr: The information requested in respect of the named Office holders is set out in the following table: Office Holder Salary @ October 2008 Voluntary Deduction @ 10% Current Salary Taoiseach €285,583 €28,558 €257,025 Tánaiste €245,325 €24,533 €220,792 Minister €225,196 €22,520 €202,676 Minister of State €154,740 €15,474 €139,266 Taxation increases have also taken...

Written Answers — Tax Code: Tax Code (15 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the time limits for claiming repayments of tax are contained in section 865 Taxes Consolidation Act (TCA) 1997. Under section 865 a claim for repayment of tax must be made within four years after the end of the tax year to which the claim refers. I am further informed by the Revenue Commissioners that there are situations covered in tax law...