Results 601-620 of 9,948 for in 'Written Answers' speaker:Brian Lenihan Jnr

Written Answers — Pension Provisions: Pension Provisions (10 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant information available is in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the income tax year 2007. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is...

Written Answers — Fiscal Policy: Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: I do not propose to comment on the circumstances of individual debtors. NAMA is currently engaging with the largest debtors whose loans have been acquired from the participating institutions. The draft business plans of these debtors are being subjected to rigorous review and only where a debtor can demonstrate viability will that engagement continue. In a number of cases, NAMA informs me...

Written Answers — Art Collection: Art Collection (10 Nov 2010)

Brian Lenihan Jnr: I understand that the Deputy also put down a similar question to my colleague, the Minister for Tourism, Sport and Culture who will respond regarding matters relevant to her functional area. The State, at present, holds, through the National Pensions Reserve Fund, some 18% of the ordinary equity in the bank. Notwithstanding this and the expectation that this stake will increase...

Written Answers — Banking Sector: Banking Sector (10 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 153 and Question 154 together. Information on the banking system is collected by the Central Bank and aggregate figures are routinely published. Since the introduction of the Guarantee, more detailed figures on the covered institutions have been supplied to my Department on a regular basis. The annual reports of individual banks with audited figures are...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: The Deputy will appreciate that the primary responsibility for managing a bank and for preventing undesirable practices in that bank lies with the board of directors and management of each institution. Boards of directors have a key role as the principal decision-making body in an institution and are responsible for exercising effective control over senior management. In this regard...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: In the subscription agreement, AIB and Bank of Ireland were tasked with making available 10% additional capacity for SME lending in 2009. The recapitalised banks stated that there were no constraints on lending to viable businesses. However, the 10% target did not result in the expected level of additional lending. Thus, in the context of NAMA at the end of March, both AIB and Bank of...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: In many ways, the banking sector has returned to traditional banking practices with credit only being advanced when the bank is satisfied that the customer has the capacity to repay the loan and the interest as it becomes due. Mr Trethowan of the Credit Review Office considers that the two banks covered by that Office have returned to being prudent cash flow lenders to SMEs. His Office is...

Written Answers — Tax Yield: Tax Yield (10 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners the revenue accruing to the Exchequer through various motor taxes i.e. excise and carbon tax on petrol and auto-diesel, vehicle registration tax and VAT, from 2005 to date, is shown in the following table. As VAT receipts are not disaggregated by sector, the figures shown for VAT are estimated. The figures provided do not include Motor Tax, which is...

Written Answers — Financial Services Sector: Financial Services Sector (10 Nov 2010)

Brian Lenihan Jnr: As the Deputy will be aware, Ireland is a very open economy and as such there are no major impediments to Irish corporates or individuals investing across the European Union or to other jurisdictions subject to anti-money laundering regulations. With regard to the Deputy's specific question, it is my understanding that my Department have sought clarification on the question and are awaiting...

Written Answers — National Assets Management Agency: National Assets Management Agency (10 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 163 and 164 together. It was originally envisaged that NAMA would transfer loans with a nominal value of almost €81 billion from the five participating credit institutions. This was subsequently reduced by the introduction of a threshold excluding loans below €20 million at AIB and Bank of Ireland. As a consequence, and in conjunction with a number of...

Written Answers — Departmental Staff: Departmental Staff (10 Nov 2010)

Brian Lenihan Jnr: The following table sets out the number of persons (six) in my Department who have availed of the incentivised career break arrangements and the net savings to the Exchequer. Grades Pay Savings Pay Savings Pay Savings 2010 2011 2012 HEO â'¬37,995 â'¬37,995 â'¬20,840 CO â'¬21,685 â'¬21,685 â'¬13,880 CO â'¬21,577 â'¬21,577 â'¬7,006 CO â'¬16,655 â'¬16,655...

Written Answers — Departmental Expenditure: Departmental Expenditure (9 Nov 2010)

Brian Lenihan Jnr: Professional fees paid by Government have already been subject to reductions in 2009 and in 2010. The question of a further reduction in professional fees is a matter for consideration by the Government in the context of the forthcoming Budget.

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: The amount of "section 23 type relief" which is available on any particular rented residential property is always calculated as a proportion of the price actually paid by the purchaser for that property. In essence, a proportion of the cost to the builder/developer, which is attributable to his/her acquisition of the site, is taken outside the scope of the relief. The figure of 90%, in the...

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the claim for a refund in this case was not due in accordance with Section 865 Taxes Consolidation Act, 1997 (4) (b) (ii) which provides that a claim for repayment of tax under the Acts for any chargeable period shall not be allowed unless it is made, in relation to any chargeable period beginning on or after 1 January 2003, within 4...

Written Answers — Customs and Excise: Customs and Excise (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the decision on whether or not to search private aircraft at the listed airports is taken following profiling, review of intelligence and interview with the crew/passengers. A selection of private aircraft has been targeted in the period in question, involving Customs staff assembling a profile of the aircraft and passengers, undertaking covert...

Written Answers — Customs and Excise: Customs and Excise (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Customs Officers are not permanently based at Ireland West, Carrickfinn, Sligo, or Galway Airports. Customs controls at such airports are risk-based and are carried out by Revenue enforcement staff on mobile patrol. Attendance by these officers is selective and targeted and is based on analysis and evaluation of national and international...

Written Answers — Tax Collection: Tax Collection (9 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the numbers of total income earners on PAYE tax records, the corresponding number who are actually liable to PAYE income tax for the years 2005 to 2010 inclusive, are as follows. Numbers of PAYE income earners and taxpayers 2005 to 2010 Year PAYE Income Earners PAYE Taxpayers 2005 1,958,000 1,238,100...

Written Answers — Tax Collection: Tax Collection (9 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the numbers of total income earners on the income tax records, the corresponding number who are actually liable to income tax and the figures of net receipts from income tax for the years 2006 to 2010 inclusive, are as follows. Numbers of all income earners and income taxpayers and net receipts of income tax...

Written Answers — Tax Yield: Tax Yield (9 Nov 2010)

Brian Lenihan Jnr: The information the Deputy has requested is detailed in the following table. The figures are only available from the Revenue Commissioners on a Net Receipts basis. Revenue Net Receipts differ from Exchequer Receipts due to timing and accounting differences. End-Oct 2010 2009 2008 2007 2006 PAYE Receipts (€m) 6,470 8,488 10,069 10,155 9,389 PAYE receipts are collected as part of income...

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the position is as follows: Mineral oil that is used for the generation of electricity is exempt from Mineral Oil Tax (excise duty on mineral oils), and natural gas used for that purpose is exempt from the Natural Gas Carbon Tax introduced with effect from 1 May 2010. The VAT treatment of natural gas used in the generation of electricity depends...