Results 6,461-6,480 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 the VAT refund was paid by direct credit to the company's bank account on 26 May 2009.

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

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that PAYE Balancing Statements P21 for the years 2004 to 2007 inclusive issued to the person concerned in April 2008 and that all refunds due have been made. In relation to the tax year 2008 the person concerned paid no tax.

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

Brian Lenihan Jnr: This query is similar to Parliamentary Question No. 125, [21099/09] submitted by the Deputy, to which I replied on 26 May last. The income levy applies to all emoluments of an employment including perquisites and taxable benefits-in kind. The income levy liability is calculated before any relief, allowance or credits which may be due under the income tax code. As previously stated, the...

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

Brian Lenihan Jnr: The Government decision on the moratorium on recruitment is not a complete embargo on the filling of all posts in the Civil Service. It allows me, as Minister for Finance, to sanction the filling of vacancies where the business case for continuity of service so requires. Having considered issues arising in connection with a Supreme Court case concerning the translation of statutory...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant information available to May 2009 indicates that some 30,000 individual income earners have declared income from the operation of taxi-cabs, chauffeur-driven hire cars and analogous activity. Other individuals on tax records may also have income from the same activity but are not so identified in the statistics as the...

Leaders' Questions (9 Jun 2009)

Brian Lenihan Jnr: Páipéar.

Written Answers — Departmental Schemes: Departmental Schemes (28 May 2009)

Brian Lenihan Jnr: Legislation was introduced in the Finance (No. 2) Act 2008 which allows an employer to incur the expense of providing an employee with a new bicycle. The scheme also applies to safety equipment relating to cycling without the employee being liable for benefit-in-kind taxation. The legislation also permits the benefit-in-kind tax exemption to apply in the context of salary sacrifice, that...

Written Answers — Pensions Provisions: Pensions Provisions (28 May 2009)

Brian Lenihan Jnr: Qualifying public servants are liable to pay the pension-related deduction whether they are permanent or temporary, and whether they are full-time or part-time. Section 2, subsection (1) of the Financial Emergency Measures in the Public Interest Act 2009 sets out the basis of qualification for liability to the deduction. I should point out that the amended rates and bands, effective from...

Seanad: Finance Bill 2009 (Certified Money Bill): Second Stage (28 May 2009)

Brian Lenihan Jnr: I thank Senators for their comments and I will try to address each of them as best I can. I will begin by pointing out, in response to Senator Twomey, that the supplementary budget marked a new departure in budget formulation in Ireland. For the first time, detailed multi-annual plans were contained in the budgetary projections. Targets have been set for adjustments to taxation and...

Seanad: Finance Bill 2009 (Certified Money Bill): Second Stage (28 May 2009)

Brian Lenihan Jnr: This Finance Bill gives effect to the supplementary budget measures and addresses the two important requirements of showing a credible way forward on our structural problems while assisting us in placing the economy on the road to renewal. We must demonstrate that we have the ability to make the right choices for everyone in this country, choices that will determine our long-term economic...

Written Answers — Tax Code: Tax Code (27 May 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the original deed was presented on the 18th April 2008 and the transferee applied for young trained farmer relief. The relief was not granted, as all the transferees in the transaction were not qualified in accordance with the requirements of Sect 81AA Stamp Duty Consolidation Act 1999. The evidence provided by the solicitor did not meet...

Written Answers — Tax Code: Tax Code (27 May 2009)

Brian Lenihan Jnr: For the purposes of this reply it is assumed that "recipients" means the investors availing of the tax relief and that "beneficiaries" means the companies benefiting from the investments. On this basis, I am advised by the Revenue Commissioners that the relevant information is contained in the following tables: Investors availing of Tax Relief Year Cost of the Relief€m Number of...

Written Answers — Tax Code: Tax Code (27 May 2009)

Brian Lenihan Jnr: For the purposes of this reply it is assumed that "recipients" means the investors availing of the tax relief and that "beneficiaries" means the companies benefiting from the investments. On this basis I am advised by the Revenue Commissioners that the relevant information is contained in the following tables: Investors availing of tax relief Year Cost of tax relief€m Number of...

Written Answers — Tax Code: Tax Code (27 May 2009)

Brian Lenihan Jnr: The position is that these payments are not chargeable as income of the guardian who is in receipt of the allowance. Guardian's Payment (Contributory) and Guardian's Payment (Non-contributory) are regarded as the income of the children. However, if these payments are their sole source of income the children would not have a tax liability.

Written Answers — Tax Code: Tax Code (27 May 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that an insurance company normally covers a customer only for the actual loss incurred when damage is caused to the customer's property. Where the insured customer is a VAT-registered business it is usually entitled to an input credit for any value-added tax charged on the repairs to, or the replacement of, an asset used in the business. Therefore,...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: I understand the intention behind the amendment is to delay the introduction of the margin scheme for travel agents for a further two years until 1 January 2012. The margin scheme is provided for in the EU VAT directive and is currently applied in almost all member states. To date, the services provided by our tour operators and travel agents have been exempt from VAT in Ireland. Under the...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: That was an extraordinary contribution and I must put certain matters on the record of the House. First, lest readers of the Official Report are misled, one should be clear that in this Finance Bill, the Government is terminating the hospital relief to which the Deputy referred. I do not discern a need for a social cost-benefit analysis on a relief that is being phased out and terminated in...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: The Deputy's remarks in this regard are entirely wide of the mark. She then proceeded to speak of golden circles in the context of property reliefs generally. The most fatal relief of all was the seaside resort scheme and Deputy Burton was a Minister of State in the Government that introduced it. As I always understood it, the scheme was introduced at the behest of the then Minister for...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: It troubles me when I hear such economic analysis from the Opposition benches.The Opposition is the alternative Government and the country is in a very serious position. If the Opposition has to take up the reins of power and it entertains such notions, I do not believe the country has much of a future. The bubble in the property market was caused primarily by two factors, if one examines...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: A Government of which the Deputy was a member.