Results 7,361-7,380 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Yield: Tax Yield (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 143 and 144 together. I assume that the Deputy is referring to individual pension contributions, the tax relief on which is allowed at the taxpayer's marginal tax rate, that is, at the standard or higher rate of income tax as appropriate in each case. A breakdown of the cost of tax relief on employee contributions to occupational pension schemes is not...

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the deductions and reliefs which are allowable for tax at an individual's marginal rate of income tax and for which estimates of cost can be provided are set out below together with estimated costs for the year 2005, the most recent year for which the necessary detailed information is available except where otherwise stated. Tax Relief...

Written Answers — Tax Collection: Tax Collection (10 Mar 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the tax overpaid will be refunded to the person within the next week. In addition, P21 balancing statements for 2007 and 2008 will issue to the taxpayer in the coming days.

Written Answers — Financial Services Regulation: Financial Services Regulation (10 Mar 2009)

Brian Lenihan Jnr: I presume the Deputy is referring to Homebond, which provides structural defect cover for certain new homes in association with the Construction Industry Federation. The Financial Services Ombudsman deals with consumer complaints about financial service providers. The Homebond insurance scheme is regulated by the Financial Regulator. Consumers can contact the Financial Services Ombudsman...

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that all goods imported into the European Union are subject to VAT at the same rate as similar goods sold within the Member State into which the goods are imported. In Ireland the VAT is charged by the Revenue Commissioners at the point of import. There is no provision for a refund of this VAT to persons who are not registered for VAT. However,...

Written Answers — Decentralisation Programme: Decentralisation Programme (10 Mar 2009)

Brian Lenihan Jnr: There are no plans at this stage for senior officials of my Department, above the level of Principal Officer, including the Secretary General, to be located in any decentralised office.

Written Answers — Tax Yield: Tax Yield (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 151 to 155, inclusive, together. I am informed by the Revenue Commissioners that the full-year yield to the Exchequer, estimated by reference to 2009 incomes, of increasing the higher rate of income tax by one, two, three, four and five percentage points would be approximately €220 million, €440 million, €655 million, €875 million and €1,095 million...

Written Answers — Tax Yield: Tax Yield (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 156 to 160, inclusive, together. I am informed by the Revenue Commissioners that the full-year yield to the Exchequer, estimated by reference to 2009 incomes, of increasing the standard rate of income tax by one, two, three, four and five percentage points would be approximately €560 million, €1,120 million, €1,680 million, €2,240 million and €2,800...

Written Answers — Rental Sector: Rental Sector (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 161 and 162 together. I am advised by the Revenue Commissioners that they are not in a position to state definitively the number of overseas landlords who rent out dwellings within the State to tenants. Where the taxpayer, or tenant, indicates to the Revenue Commissioners that the landlord is non-resident, a reduction in tax credits is automatically created...

Written Answers — Tax Yield: Tax Yield (10 Mar 2009)

Brian Lenihan Jnr: The Central Statistics Office compiles and publishes an annual survey, known as Survey on Income and Living Conditions in Ireland, which contains the information requested, concerning gross household income and income tax paid by income decile. Table 17 of the 2007 survey, entitled Key Indicators of Poverty and Social Inclusion in EU Member States, provides information in relation to the...

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: In matters relating to the VAT rating of goods and services, I am constrained by the requirements of EU VAT law with which Irish VAT law must comply. In relation to the VAT rate that applies to defibrillators, the position is that under the VAT Directive, member states may retain the zero rates on goods and services that was in place on 1 January 1991, but cannot extend the zero rate to new...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Mar 2009)

Brian Lenihan Jnr: If the customer of the regulated financial service provider (details as supplied) has complained in writing to the lender about failure to notify of changes to its mortgage services and has not had a satisfactory response, he should take his complaint to the Financial Services Ombudsman. The remit of the Financial Services Ombudsman, which is an independent statutory body, is to investigate,...

Written Answers — Pension Provisions: Pension Provisions (10 Mar 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 168 and 169 together. The amounts deducted in 2007 and 2008 through the payroll for my Department and a number of offices under the aegis of my Department in respect of the superannuation contributions of staff, including contributions to the various pension schemes, contributions to the spouses and children's schemes, and purchase of notional service, are as...

Written Answers — Departmental Staff: Departmental Staff (10 Mar 2009)

Brian Lenihan Jnr: Twelve 12 officers with professional accountancy qualifications are employed in my Department. A further seven staff have degrees in accounting or accounting-related disciplines.

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: In the case of second-hand cars a special scheme is in place in Ireland, following strong representations from the motor industry, rather than the margin scheme that is operated in most other member states. The special scheme allows motor dealers to claim credit for residual input VAT at the time of purchase which is considered to be included in the cost of acquiring a car from a customer....

Written Answers — Tax Collection: Tax Collection (10 Mar 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that an amended tax credit certificate will not issue to the person for 2009 as a consequence of the exceptional change in circumstances. An amendment to the person's tax credits will be required for 2010.

Written Answers — Departmental Advertising: Departmental Advertising (10 Mar 2009)

Brian Lenihan Jnr: The following table sets out the cost of public advertising paid for by my Department and by the offices under its aegis in 2008. Advertising required by statute Advertising not required by statute Total € € € Commission for Public Service Appointments 20,585 17,819 38,404 Department of Finance — 128,062 128,062 Office of Public Works See note See note 376,425 Office of the...

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the total number of income earners aged 65 years and over who are entirely exempt from income tax in accordance with the exemption limits is estimated to be of the order of 27,200 for the 2009 income tax year. A further 13,600 of taxpayers are estimated to benefit from the marginal relief system. The figures are estimates from the Revenue...

Written Answers — Tax Code: Tax Code (10 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the Schedule set out below identifies those sections of the Taxes Consolidation Act 1997 (as amended) which provide for a full or partial exemption from income tax. In circumstances where the section ceases to have effect at a date in the next year this has been highlighted. Due to the time restraints some minor legislative provisions have been...

Written Answers — Financial Services Regulation: Financial Services Regulation (10 Mar 2009)

Brian Lenihan Jnr: I have no function in setting interest rates. My function is to provide an appropriate legislative framework for regulation of the financial services sector. The choice of mortgage product ultimately rests with consumers in light of their assessment of the terms and conditions that their lending institution offers. The decision of borrowers is influenced by a range of factors such as their...