Results 4,361-4,380 of 16,537 for speaker:Brian Lenihan Jnr

(15 Dec 2009)

Brian Lenihan Jnr: While hospital consultants were not among the grades examined by the review body, the Government has decided that reductions should be applied to them on the same basis as other groups at similar salary levels and on their current salary.

Order of Business (11 Dec 2009)

Brian Lenihan Jnr: We did it in 1933.

Order of Business (11 Dec 2009)

Brian Lenihan Jnr: There is no need for begrudgery. Of course the Government examined the issue.

Written Answers — National Asset Management Agency: National Asset Management Agency (10 Dec 2009)

Brian Lenihan Jnr: NAMA's commercial mandate is to obtain the best achievable financial return on the assets acquired by it. I am advised by the interim NAMA management that in a scenario such as outlined NAMA has the ability to give its agreement to security sharing for any additional advances if it makes commercial sense to do so. This is a commercial decision for NAMA and any such decision will depend on...

Written Answers — National Asset Management Agency: National Asset Management Agency (10 Dec 2009)

Brian Lenihan Jnr: NAMA's commercial mandate is to obtain the best achievable financial return on the assets acquired by it. I am advised by the interim NAMA management that in a scenario such as outlined the position will depend on the terms of the security. These are commercial and legal decisions for NAMA and any such decisions will depend on the relevant contracts.

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that an invoice for the purchase of the vehicle must be produced at the time of registration in the State of all imported means of transport, including used tractors purchased in Northern Ireland or Great Britain. The production of the invoice is necessary in order to ensure compliance with the Value-Added Tax law governing the importation of means...

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: A wear and tear allowance is available to persons who incur capital expenditure on the provision of machinery or plant for the purposes of a trade. For expenditure incurred on or after 4 December 2002, wear and tear allowances are granted on a straight-line basis over 8 years at the rate of 12.5 per cent per annum of the actual cost of the machinery or plant. This rate applies for both...

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: A VAT Margin Scheme is being introduced with effect from 1 January 2010 in respect of second-hand means of transport and agricultural machinery. The move to the Margin Scheme was announced on 14 September 2009. Under the Margin Scheme, dealers will account for VAT on their profit margin, that is, on the difference between the cost of acquiring the means of transport and agricultural...

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they are awaiting a completed return of income for 2007 from the person concerned. On receipt of that return the liability will be reviewed.

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: A tax exemption for charities is available under section 207 of the Taxes Consolidation Act (TCA) 1997. In order to avail of this exemption a body or trust must be established for charitable purposes only and must also apply all of its income for charitable purposes. The administration of this scheme is the responsibility of the Revenue Commissioners. I am advised by the Revenue Commissioners...

Written Answers — Tax Code: Tax Code (10 Dec 2009)

Brian Lenihan Jnr: I refer to Parliamentary Question 62 which I answered on 19th November 2009. Under the provisions of the Tax Acts, a person in receipt of rental income is assessed to income tax on the net amount of the rents received (i.e. the gross rents less allowable expenses incurred in earning those rents). In computing the net amount of the rents received, only those deductions that are specified in...

Written Answers — Bank Levies: Bank Levies (10 Dec 2009)

Brian Lenihan Jnr: As I have said previously the cost of credit is a matter determined by financial markets. The Deputy will appreciate that I have an "arms-length" relationship with the named covered institution. Accordingly, it is a matter for that institution to determine its lending policy and charges subject to any necessary regulatory approval.

Written Answers — National Lottery Funding: National Lottery Funding (9 Dec 2009)

Brian Lenihan Jnr: The National Lottery surplus is allocated to a number of Government Departments in the context of the annual Estimates process. The copies of Appendix 1 of the Revised Estimates for the Public Services in each of the years 2007 to 2009, set out below, give a breakdown by Department of subheads which were part-funded by the surplus from the National Lottery. The total outturn for all...

Written Answers — Departmental Bodies: Departmental Bodies (9 Dec 2009)

Brian Lenihan Jnr: The information requested by the Deputy is outlined in the tables below. Table A lists the State Bodies under the aegis of my Department in receipt of Exchequer funding and their Budget allocation for 2009. Table B lists other State Bodies under the aegis of my Department not in receipt of Exchequer funding and as such information on budgets is not included. Table A Body Budget for 2009...

Written Answers — Financial Services Regulation: Financial Services Regulation (9 Dec 2009)

Brian Lenihan Jnr: The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter based on the assessment an insurer will make of the risks involved. This risk assessment process which insurance companies apply is essential if a company is to be able to provide its services over the longer term and continue to remain solvent. Unfortunately, this means on...

Written Answers — Pension Provisions: Pension Provisions (9 Dec 2009)

Brian Lenihan Jnr: The Chief Executive of the Financial Regulatory Authority holds office on such conditions of employment as are specified in the person's contract of appointment or are later agreed between the person and the other members of the Regulatory Authority. However, the Regulatory Authority has informed me that pension benefits to the former Chief Executive are payable in accordance with the...

Written Answers — Pension Provisions: Pension Provisions (9 Dec 2009)

Brian Lenihan Jnr: The number of pension packages which have been approved since June 2007 is twenty six, twenty five of which included an award of notional service. This figure excludes commercial State Bodies and any retirements under the ill-health provisions, the Incentivised Scheme of Early Retirement and the Cost Neutral Early Retirement Scheme. It also excludes individuals e.g. Secretaries General of...

Written Answers — Tax Code: Tax Code (9 Dec 2009)

Brian Lenihan Jnr: I am aware that the US Internal Revenue Service (IRS) routinely carries out transfer pricing audits of US multinational groups to check that the prices being charged between the US group companies and their non-resident affiliates represent those that would be charged between unrelated parties acting at arms-length. This may result in an adjustment of the amount of profits charged to tax in...

Written Answers — Tax Code: Tax Code (9 Dec 2009)

Brian Lenihan Jnr: I am committed to the introduction of a carbon tax, however, I would draw to the Deputy's attention that it is the usual practice for the Minister for Finance not to speculate or comment in advance of the Budget on what it will contain and I do not propose to deviate from that practice.

Written Answers — Ministerial Staff: Ministerial Staff (9 Dec 2009)

Brian Lenihan Jnr: The staffing of my private and constituency office is set out below: Private Office Title Number Annual Salary Range Higher Executive Officer 1 €46,558 - €59,097 (plus allowance as Private Secretary to Minister of €20,687 p.a.) Executive Officer 2 €30,566 - €50,510 Staff Officer 1 €34,941 - €46,655 Clerical Officer* 5 €23,174 - €40,417 * Including 1 work sharing...