Results 6,961-6,980 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Services Regulation: Financial Services Regulation (22 Apr 2009)

Brian Lenihan Jnr: Government Departments and State agencies have engaged with banks and business representatives in a variety of settings on issues surrounding the flow of credit for business. A formal structure for those contacts on an ongoing basis will be finalised shortly. 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 — Departmental Agencies: Departmental Agencies (22 Apr 2009)

Brian Lenihan Jnr: The special civil service incentive career break scheme and shorter working year scheme are initially being implemented for the civil service. Discussions have taken place at official level on wider application of these, or equivalent schemes, to other appropriate areas of the public service. It is a matter for the relevant Minister with responsibility for staff in those public service...

Written Answers — Job Creation: Job Creation (22 Apr 2009)

Brian Lenihan Jnr: Ireland will continue to be successful in securing investment and job creation, whether by domestic or foreign investors, if the overall climate for investment is favourable in comparison to other countries. This Government through its policies, including the development of a relatively low taxation regime for business, has created an attractive environment for investment. Significant...

Written Answers — Tax Collection: Tax Collection (22 Apr 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that Form P45 is issued by the employer and not by Revenue. On the 23rd March 2009 Revenue wrote to the employer regarding the matter. As no reply was received, and in the absence of receiving Form 45 from the employer, Revenue has decided to contact the taxpayer to obtain this information. The employer will also be contacted again in an effort...

Written Answers — Departmental Staff: Departmental Staff (22 Apr 2009)

Brian Lenihan Jnr: Under the Civil Service Sick Leave Regulations, sick leave for single or two-day absences in total not exceeding seven days in any period of twelve months may be granted without a medical certificate. If the number of day's absence without medical certificate in any period of twelve months, reckoning backwards from the date of the latest absence, exceeds seven in the aggregate, the staff...

Written Answers — Pension Provisions: Pension Provisions (22 Apr 2009)

Brian Lenihan Jnr: Those part-time or retained firefighters who are not members of the Local Government Superannuation Scheme are eligible for a payment in lieu in the form of a non-contributory retirement gratuity arrangement. The pension-related deduction also applies to those eligible for such a payment. However, in the recent Supplementary Budget, I announced a change to the structure of the deduction...

Written Answers — Departmental Staff: Departmental Staff (22 Apr 2009)

Brian Lenihan Jnr: In the light of constraints on the public finances and the need to maximise the use of resources, it is necessary to develop appropriate redeployment mechanisms so that staff can be moved from activities which are no longer priority to areas of greater need. In my Supplementary Budget 2009 I stated that I intended to allocate and redeploy staff in the civil service to areas of highest...

Written Answers — Tax Code: Tax Code (22 Apr 2009)

Brian Lenihan Jnr: I assume that the Deputy is enquiring about the amount of tax forgone by allowing interest relief on borrowings to finance the purchase, improvement or repair of foreign property to be set off as an expense against the rental income from that property. I am advised by the Revenue Commissioners that as personal income tax returns of foreign rental income are not required to separately identify...

Written Answers — National Assets Management Agency: National Assets Management Agency (22 Apr 2009)

Brian Lenihan Jnr: On 25 February 2009, the European Commission provided guidance on the treatment of asset relief measures by member states. The Commission considers that a common European approach is presently needed to deal with the treatment of impaired assets, to make sure that foreseeable losses are disclosed and properly handled and banks can use their capital to resume their normal function of lending...

Written Answers — National Assets Management Agency: National Assets Management Agency (22 Apr 2009)

Brian Lenihan Jnr: In the Supplementary Budget I announced the formation of a National Asset Management Agency (NAMA), which will operate as an independent commercial entity under the aegis of the National Treasury Management Agency (NTMA). As I mentioned in the Supplementary Budget speech, assets will be transferred from the banks to the Agency with the purpose of ensuring that the banks have a clean bill of...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Apr 2009)

Brian Lenihan Jnr: Anglo Irish Bank is being run on an arms length commercial basis. Consequently, normal commercial decisions, which include those relating to treatment of distressed loans and debtors and overall credit management and control, are a matter for the Board of Anglo. As with other credit institutions, the Financial Regulator supervises Anglo's credit management processes in line with regulatory...

Written Answers — National Assets Management Agency: National Assets Management Agency (22 Apr 2009)

Brian Lenihan Jnr: The position on the inclusion of loans at Anglo Irish Bank in the remit of the National Asset Management Agency will be considered having regard to Anglo's particular circumstances and the business planning process currently under way. All actions in relation to Anglo will be closely co-ordinated with the initiatives being taken in relation to the sector as a whole. Anglo will remain as a...

Written Answers — Departmental Expenditure: Departmental Expenditure (22 Apr 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 215, 216 and 218 to 221, inclusive, together. Work on the various issues raised by the Deputy is progressing. In some instances legislation is required. It is expected that the initiatives in question will be implemented during this Dáil term.

Written Answers — Pension Provisions: Pension Provisions (22 Apr 2009)

Brian Lenihan Jnr: It will be necessary to change the relevant legislation to give effect to this measure. My Department is in consultation with the Office of the Attorney General on the matter.

Written Answers — Departmental Staff: Departmental Staff (22 Apr 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 222 and 224 together. On the recently announced Incentivised Scheme of Early Retirement (ISER) in certain areas of the public service, details of the ISER were outlined in Annex D of my Financial Statement of 7 April last. Officials of my Department are finalising the operating details of the Scheme for the civil service. The civil service circular, which will...

Written Answers — Official Engagements: Official Engagements (22 Apr 2009)

Brian Lenihan Jnr: As I indicated in my Budget speech, I intend to visit financial capitals around Europe in order to communicate details of the resolute actions being taken by the Government to address the difficulties in the public finances and the domestic banking sector, but I have not yet done so. I did, as part of my St Patrick's Day engagements in London, meet with representatives of the financial...

Written Answers — Tax Code: Tax Code (22 Apr 2009)

Brian Lenihan Jnr: As the Deputy is aware, the 0.5% increase in the standard VAT rate from 21% to 21.5% was introduced in the 2009 Budget as part of a general package of revenue-raising measures to fund key public services. The UK Government, as part of a fiscal stimulus package, then reduced their standard VAT rate from 17.5% to 15% on a temporary basis with effect from 1 December 2008 to 31 December 2009. It...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Apr 2009)

Brian Lenihan Jnr: The building society to which the Deputy refers is covered under the Government's guarantee scheme. This has led to increased scrutiny and oversight of the operations of the building society and to increased engagement with its management including with regard to the institution's capital position. As the Deputy will be aware, the Government announced on 7 April 2009 its intention to...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Apr 2009)

Brian Lenihan Jnr: The building society to which the Deputy refers is covered under the Government's guarantee Scheme. This has led to increased scrutiny and oversight of the operations of the building society and to increased engagement with its management including with regard to the institution's capital position. As the Deputy will be aware, the Government announced on 7 April 2009 its intention to...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Apr 2009)

Brian Lenihan Jnr: The bank to which the Deputy refers is covered under the Government's guarantee Scheme. This has led to increased scrutiny and oversight of the operations of the institution and to increased engagement with its management including with regard to the institution's capital position. As the Deputy will be aware, the Government announced on 7 April 2009 its intention to establish a National...