Results 6,441-6,460 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Collection: Tax Collection (9 Jun 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that while returns of income for 2006 and 2007 have been submitted by the person concerned the documentation submitted is not sufficient to support the refund claims. Additional information was requested on 11 May 2009 and has not been received to date. A reminder issued on 28 May 2009.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (9 Jun 2009)

Brian Lenihan Jnr: The Financial Regulator has confirmed to my Department, that all mortgage lenders have provided it with the formula used by that lender when calculating the early redemption fee applying to fixed rate mortgages. The Financial Regulator has also sought independent verification by an actuary that the fee charged by a number of lenders recouped only the loss in funding costs incurred by the...

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

Brian Lenihan Jnr: I propose to take Questions Nos. 101 and 102 together. With regard to the VAT on band equipment, the VAT rate applicable to the supply of band equipment is the standard rate of 21.5%. In matters relating to the VAT rating of goods and services I am constrained by the requirements of EU law with which Irish law must comply. As band equipment is not listed in Annex III of the EU VAT Directive...

Written Answers — State Banking Sector: State Banking Sector (9 Jun 2009)

Brian Lenihan Jnr: As the Deputy will be aware, certain matters relating to corporate governance at Anglo Irish Bank before it was taken into public ownership, are the subject of ongoing investigations, including by the Financial Regulator and the Office of the Director of Corporate Enforcement. It would not be appropriate for me to comment on or prejudge the outcome of these investigations. As I have stated...

Written Answers — Tax Collection: Tax Collection (9 Jun 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the matter referred to by the Deputy is in dispute between the person in question and the Commissioners. The dispute is ongoing and there is potential for litigation. The matter has also been examined by the Ombudsman's Office. In these circumstances, the Commissioners advise me that they feel themselves constrained in replying in detail to the...

Written Answers — Departmental Expenditure: Departmental Expenditure (9 Jun 2009)

Brian Lenihan Jnr: The amount spent on bottled water by my Department for each of the past three years is outlined in the table below. Expenditure relates to containers of water which are supplied for general consumption through water dispensers. The majority of water dispensers are mains fed but this is not feasible in all cases. 2006 â'¬4,379.00 2007 â'¬4,000.00 2008 â'¬3,612.00

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

Brian Lenihan Jnr: An individual can claim a refund of DIRT if: · he/she (or his/her spouse) is aged 65 or over during the year and · his/her gross income from all sources (i.e., old age pension, deposit interest, etc.) is less than €20,000 (or €40,000 in the case of a married couple). In general, joint accounts where one of the account holders is aged 65 or over will only qualify for the refund of DIRT...

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

Brian Lenihan Jnr: A core objective of the legislative and regulatory framework for Credit Unions in Ireland is to ensure the safety and soundness of credit unions. This requires prudent lending and investment decisions by Boards of credit unions to safeguard members' savings. The restrictions contained in Section 35 of the Credit Union Act 1997, as amended, are an important asset and liability tool for...

Written Answers — Decentralisation Programme: Decentralisation Programme (9 Jun 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 109 and 110 together. The 2009 Revised Estimates for the Public Service provide sufficient funding this year in respect of those projects identified as priority projects in Budget 2009 that are ready to commence during the current year. My Department has also taken account of the full multi-annual costs of the priority projects in preparing its projections...

Written Answers — Procurement Policy: Procurement Policy (9 Jun 2009)

Brian Lenihan Jnr: The Department of Finance does not specify turnover thresholds for businesses applying for public contracts. While public authorities must be satisfied as to the technical and financial capacity of those to whom they award public contracts, the general guidance is that pre-qualification criteria must be proportionate and relevant to the needs of the contract. It is a matter for each authority...

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

Brian Lenihan Jnr: An ARF (Approved Retirement Fund) is an investment vehicle into which certain individuals can invest the proceeds of their pension plans. An ARF offers such individuals considerable flexibility and freedom as regards when they draw income in retirement and acts, in that regard, as an alternative to a retirement annuity which provides a regular income stream for life. In common with annuity...

Written Answers — Tax Collection: Tax Collection (9 Jun 2009)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that a cheque in respect of tax refund due, issued to the individual in question on 1st May last. If the individual has any further queries, regarding his tax affairs, he may contact the office of the Revenue Commissioners at 1890 22 24 25.

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

Brian Lenihan Jnr: I assume the Deputy is referring to the VAT Margin Scheme which is being introduced in respect of the services of tour operators from 1 January 2010. To date, the services provided by tour operators have been exempt from VAT in Ireland. Under the Margin Scheme, tour operators will account for VAT on the profit realised on the supply of a travel package and will be entitled to deduct/recover...

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

Brian Lenihan Jnr: A part of this Government's response to the current unprecedented fiscal challenges, an air travel tax on passengers departing Irish airports was introduced on and from 30 March 2009. A general rate of €10 per passenger applies, with a lower rate of €2 for shorter journeys. The Finance (No. 2) Act 2008 provides for a number of exemptions from the air travel tax including that a disabled...

Written Answers — Tax Code: Tax Code (9 Jun 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 year...

Written Answers — Departmental Expenditure: Departmental Expenditure (9 Jun 2009)

Brian Lenihan Jnr: The amount spent on taxis by my Department in 2007, 2008 and to date in 2009 is contained in the following table. Spend by the Department of Finance on taxis for 2007, 2008 and to date in 2009 2007 2008 2009 to Date €117,350.00 €80,690.00 €16,109.00 I am informed by the various agencies under the remit of my Department that the following amounts were spent on taxis in the years...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that vehicles that are seized by Revenue Officers on the grounds of evasion of VRT are dealt with in the following manner. Where the seized vehicle meets the conditions governing local release that have been set down by the Commissioners, the seizing officer will calculate the VRT and the penalty due and will notify the person concerned accordingly....

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

Brian Lenihan Jnr: Cohabitating couples are expressly recognised for the purpose of social welfare law but are not recognised for the purposes of income tax law. Although this may appear contradictory, the main aim of both the welfare code and the tax code is to uphold the constitutional right of married couples not to be treated less favourably than unmarried couples. The basis for the current tax treatment...

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

Brian Lenihan Jnr: There is no provision in tax law to allow relief for expenses relating specifically to dyslexia treatment or instruction. However, in recent years the Government has increased significantly the supports available through the direct expenditure system for children with disabilities. In 2005, approval was given for the Department of Education and Science to move from individual allocation of...

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

Brian Lenihan Jnr: During the Finance Bill, I indicated that discussions would commence as to how best betting duty might be applied in the future, in the context of the 2010 Budget including looking at the UK's gross profit tax model. A number of different proposals in that regard have been received from various sectors of the industry. I also indicated that it is my intention to widen if possible the tax base...