Results 5,281-5,300 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Yield: Tax Yield (3 Nov 2009)

Brian Lenihan Jnr: The yield would depend on how an increase was applied. The estimated yield in 2010 through the application of an increase of an additional 1% in the pension levy on all earnings in the case of those on salaries between €150,000 and €200,000 would be in the region of €2.5m. If the additional 1% were to be applied only to that element of salary in excess of €150,000 and up to...

Written Answers — Tax Yield: Tax Yield (3 Nov 2009)

Brian Lenihan Jnr: It is estimated that the abolition of performance related awards in the public service would yield approximately €8.0million in 2010.

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that based on personal income tax returns filed by non-PAYE taxpayers for the year 2007, the latest year for which this information is available, the amount of tax foregone by allowing a deduction for interest on borrowings to be offset against rental income assessable under Case V, Schedule D is estimated to have been of the order of €877 million....

Written Answers — Tax Code: Tax Code (3 Nov 2009)

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 year 2007, the latest year for which this information is available. These are as set out in the following table: ...

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: Charities and non-profit groups engaged in non-commercial activity are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the services they provide and cannot recover VAT incurred on goods and services that they purchase. In this regard, where a hospital or a charity purchases a good or engages a service, any VAT liable in...

Written Answers — Tax Collection: Tax Collection (3 Nov 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the person in question filed his return for the 2006 tax year on 19 March 2009, which was 505 days after the due date. Prior to filing his return, the Revenue Commissioners had written to him on three occasions to inform him of his obligations to file a return. The person in question has a pattern of delays in submitting his returns, with his...

Written Answers — Tax Collection: Tax Collection (3 Nov 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, for reasons of confidentiality, they cannot comment on the details of payments from the fund referred to in the Deputy's question. I am assured, however, that the Revenue Commissioners took account of all the facts and circumstances involved (including the basis under which entitlement to payments from this fund arose) in coming to the...

Written Answers — National Lottery Funding: National Lottery Funding (3 Nov 2009)

Brian Lenihan Jnr: Minister for Finance ( Mr Lenihan): Funding from the National Lottery which is allocated to this Department is used for the Charitable Lotteries Scheme. Under this Scheme, funding is made available to supplement the income of certain private charitable lotteries whose products are competing directly with National Lottery products. The amount of funding provided from the National Lottery to...

Written Answers — National Debt: National Debt (3 Nov 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 282 and 329 together. The level of national debt for the period 1997-2008 is outlined in the table below along with the percentage year-on-year change. Year End Total National Debt€m % changeyear-on-year 1997 38,966 2.6% 1998 37,510 -3.7% 1999 39,851 6.2% 2000 36,511 -8.4% 2001 36,183 -0.9% 2002 36,361 0.5% 2003 37,611 3.4% 2004 37,846 0.6% 2005...

Written Answers — Decentralisation Programme: Decentralisation Programme (3 Nov 2009)

Brian Lenihan Jnr: The total amount of expenditure on the property aspects of the programme is approximately €321m. This is comprised of the costs of site/property acquisitions, fit out works and rent of approximately €315m expended by the OPW up to the end of July 2009, together with some €6m incurred directly in respect of property costs by other organisations. The property costs have been offset by...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (3 Nov 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 284 and 289 to 294, inclusive, together. The Covered Institutions Financial Support Scheme which guarantees the liabilities of the covered institutions was put in place in September 2008 to maintain the stability of the financial system in Ireland. Without it the covered institutions would not have been in a position to lend to the real economy. Both AIB and...

Written Answers — Fiscal Policy: Fiscal Policy (3 Nov 2009)

Brian Lenihan Jnr: Based on the emerging data, tax receipts for the year as a whole are now anticipated to be in the region of €32 billion. This revised position, down from the €34.4 billion set out in the April Supplementary Budget, was signalled at the end-September Exchequer Returns. This weaker tax base forms the aggregate basis for revenue next year. Trends in incoming tax receipts are continually...

Written Answers — Tribunals of Inquiry: Tribunals of Inquiry (3 Nov 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 286 and 287 together. Based on bi-monthly reports made to the Department of Finance by the Departments with responsibility for the individual tribunals, up to end-August 2009 the cumulative cost of completed and sitting Tribunals as listed below was €290.51 million, of which €67.64 million comprised administration and €222.87 million derived from legal...

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that this issue is a matter for the employer. The person concerned should contact the employer directly to have form P45 fully completed.

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that a correctly completed form P45 is required, under PAYE regulations, to be given by an employer to an employee on cessation of employment. The form P45 is a notification to Revenue that an employee has ceased employment with that employer. The form also contains details of the employee's pay, tax and PRSI contributions from the start of the...

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: The Valuation Act, 2001, which came into effect on 2nd May 2002 provides for the revaluation of all commercial and industrial property. I have been informed by the Commissioner of Valuation that the revaluation programme began in November 2005 in the South Dublin County Council area and has since been rolled out to the areas covered by Fingal and Dún Laoghaire-Rathdown County Councils. The...

Written Answers — Departmental Expenditure: Departmental Expenditure (3 Nov 2009)

Brian Lenihan Jnr: The following table compares net capital expenditure Issues to end-October, as provided to my Department by the other Departments of State, to the published profile of expenditure for the same period. I also attach the net 2009 Revised Estimates Volume capital allocations. At this time, the REV allocation sets out the published forecast outturn of expenditure for the year. Net Capital...

Written Answers — Banking Sector: Banking Sector (3 Nov 2009)

Brian Lenihan Jnr: No direction has been given by the EU Commission in relation to further injections of capital to Anglo Irish Bank by the Government. As the Deputy may be aware, following EU approval to the provision of €4 billion in capital to Anglo, a restructuring plan for the bank is required. The Board of Anglo is currently finalising the restructuring plan which will consider all options for the...

Written Answers — Banking Sector: Banking Sector (3 Nov 2009)

Brian Lenihan Jnr: As the Deputy will be aware, following the taking into public ownership of Anglo, the bank made extensive disclosures in its Annual Report and its Interim Report for the period to 31 March in relation to loans to Directors, other key management personnel and related parties. These disclosures were made in accordance with the requirements applicable to banks that are public limited companies....

Written Answers — Tax Code: Tax Code (3 Nov 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the total identifiable costs to the Exchequer of all income tax and corporation tax allowances, reliefs, exemptions and tax credits available, are set out in the following tables for 2005 and 2006, the most recent year for which the necessary historical information is available in the required detail. Relevant notes relating to items in the...