Results 6,241-6,260 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (23 Jun 2009)

Brian Lenihan Jnr: The Bank Guarantee Scheme is a major benefit not only to the covered institutions but also to their customers and the economy as a whole. As the Deputy is aware, the scheme includes the application of strict terms and conditions on the covered institutions to ensure that the public interest, which includes the taxpayer, the general consumer and small business sector, is paramount. My...

Written Answers — Registered Nursing Homes: Registered Nursing Homes (23 Jun 2009)

Brian Lenihan Jnr: I understand the Deputy is referring to the decision announced in the Supplementary Budget 2009 to terminate the property-related accelerated capital allowance schemes in the health sector, among which is a scheme for registered nursing homes. I should explain that the rationale behind the decision to terminate these schemes is to broaden the tax base so that, in conjunction with other...

Written Answers — Departmental Reports: Departmental Reports (23 Jun 2009)

Brian Lenihan Jnr: The report of the Commission on Taxation is due to be presented to the Government in July and will be published shortly thereafter.

Written Answers — Decentralisation Programme: Decentralisation Programme (23 Jun 2009)

Brian Lenihan Jnr: As I announced in my Budget Statement in October last, the Government has reviewed the decentralisation programme and has identified priority elements which should proceed at this time. Decisions on the timing of implementation of the balance of the programme are being deferred pending a review in 2011 in light of budgetary developments. The tables outline details of the number of posts to...

Written Answers — Public Service Staff: Public Service Staff (23 Jun 2009)

Brian Lenihan Jnr: The moratorium falls to be applied by the relevant line Minister in accordance with the circular letter of 27 March issued by my Department. While there is provision for very limited exceptions to be approved by me in particular cases, I have decided against such an exception in this case in the interests of the Exchequer.

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Jun 2009)

Brian Lenihan Jnr: The Government has put in place a number of important initiatives to assist borrowers who are in difficulties. These include the Money Advice and Budgeting Service which have recently launched a Joint Protocol with the Irish Banking Federation to ensure effective co-operation when dealing with debt problems of personal debtors. In addition, the mandatory Code of Conduct for Mortgage Arrears...

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Jun 2009)

Brian Lenihan Jnr: The Financial Services Ombudsman may investigate a complaint about a failure to provide a financial service that has been requested by a customer.

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: Where the services of swimming instruction are offered by a swimming pool which is operated by a local authority then such service is exempt from VAT by virtue of the fact that the services provided by local authorities are currently outside of the scope of VAT. In the case of swimming instruction provided by persons who are liable to VAT, such instruction is chargeable at the standard VAT...

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: There are various provisions within the tax code where a person who is permanently incapacitated, either physically or mentally, to the extent where they are unable to maintain themselves, may be able to claim one or more of the special tax allowances available. In addition, parents/guardians and persons who care for dependent relatives may also qualify for relief from tax. Details of these...

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: On the issue of retiring teachers and the tax treatment of retirement lump sums, the position is that under statutory pension schemes and pension schemes approved by the Revenue Commissioners there is no liability to income tax in respect of retirement gratuities or lump sums paid to members of such schemes on retirement. Provided the individuals referred to in the question are members of...

Written Answers — Tax Collection: Tax Collection (23 Jun 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that this matter has been raised previously with Revenue and that there is no evidence of the kind of impropriety alleged against Revenue. Certain of the matters that are the subject of allegation are germane to the Court, while others relate specifically to the affairs of a third party. In the circumstances, it is not appropriate that Revenue or I...

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: The position is that the income levy is applied for payroll purposes on the date of the payment, not the date the pension/salary accrued or was earned. I should point that PAYE income tax, Pay Related Social Insurance contributions and Health contributions are deducted in the same manner. The rates of income levy to be deducted from payment of wages/pension are as follows: Payments made...

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: The position is that taxes paid by employers include tax levied directly on the employer such as income tax or corporation tax and also fiduciary taxes such as PAYE income tax, income levy and VAT levied on the employees and/or customers of that employer. Also relevant are levies and contributions collected from employees such as PRSI and the Health Levy. There is no provision in taxation,...

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Jun 2009)

Brian Lenihan Jnr: A core Government objective is to free up lending on a commercial basis into the economy to support economic growth. In the context of the bank guarantee scheme and recapitalisation the banks have made important commitments to support business lending. A Code of Conduct for Business Lending to Small and Medium Enterprises was published by the Financial Regulator on 13 February and took...

Written Answers — Tax Yield: Tax Yield (23 Jun 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the full year gain to the Exchequer of an increase of €5 in the stamp duty on ATM cards from the current rate of €2.50 is estimated to be in the order of €7 million. This assumes no change in the rate of stamp duty applying to Combined ATM and Debit cards.#

Written Answers — Tax Yield: Tax Yield (23 Jun 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the annual cost to the Exchequer of the artists' exemption scheme is estimated at €66 million, based on the income declared in income tax returns filed for the income tax year 2006, the most recent year for which the necessary detailed information is available. If, however, the scheme were to be abolished, the actual tax yield to the...

Written Answers — Tax Yield: Tax Yield (23 Jun 2009)

Brian Lenihan Jnr: The following table sets out the net yield from Deposit Interest Retention Tax (DIRT) collected from 2004 to 31 May 2009: Year â'¬m 2004 143.6 2005 167.1 2006 254.4 2007 471.8 2008 653.8 01 Jan - 31 May 2009 168.7

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that VAT legislation provides for the reclaim of VAT charged on the acquisition of goods and services only where the goods or services are for use in a taxable business. As education is exempt from VAT, the VAT incurred in respect of the prefab donated to a school cannot be reclaimed.

Written Answers — Pension Provisions: Pension Provisions (23 Jun 2009)

Brian Lenihan Jnr: A supplementary pension may be paid in certain circumstances to a person whose occupational superannuation benefits are co-ordinated with the State Pension (Contributory). A supplementary pension may be paid to pensioners in respect of periods during which the pensioner is not employed in any capacity which involves a social insurance contribution and, due to causes outside his/her own...

Written Answers — Tax Code: Tax Code (23 Jun 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 150 and 162 together. As the Deputies will be aware the Supplementary Budget announced the introduction of a Margin Scheme for second-hand cars, with effect from 1 July 2009. Under the scheme, dealers would be taxed for VAT purposes on their margin (i.e. the difference between the prices at which the dealer purchased and subsequently resold a vehicle) in...