Results 721-740 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Fiscal Policy: Fiscal Policy (14 Dec 2010)

Brian Lenihan Jnr: As set out in my Budget 2011 speech and summary measures, a "guillotine" provision will ensure that all unused property-based capital allowances and section 23 reliefs are lost after 2014 and an impact assessment will be undertaken into the phased abolition and the "guillotine" provision. This impact assessment will include consideration of how restricted relief carried forward under the...

Written Answers — Fiscal Policy: Fiscal Policy (14 Dec 2010)

Brian Lenihan Jnr: The majority of the International Monetary Fund's (IMF) financial resources are generated by the subscriptions of member states. Each member is assigned a quota, broadly based on its size relative to the world economy. A member's quota determines its maximum financial commitment to the IMF, its voting power, and has a bearing on its access to IMF financing. Quotas are denominated in Special...

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 122 and 123 together. I am informed by the Revenue Commissioners that details of claims for stock relief claimed by farmers are not captured in such a way as to provide a basis for compiling the information requested by the Deputy.

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the available information relates to the exemption of certain earnings of writers, composers and artists in Waterford city and county who made income tax returns for the four income tax years 2005 to 2008, the latest year for which the necessary detailed information is available, and is as follows: Tax Year Number of claimants 2005 30 2006...

Written Answers — Benchmarking Awards: Benchmarking Awards (14 Dec 2010)

Brian Lenihan Jnr: The first Public Service Benchmarking Body was established under the terms of the Programme for Prosperity and Fairness on 19 July 2000. The average award recommended in the report was 8.9%. The total pay and pension costs amounted to approximately €1.2bn. The year-on-year cost was as follows: 2003 €592m 2004 €306m 2005 €166m 2006 €128m The second Public Service Benchmarking Body...

Written Answers — Tax Collection: Tax Collection (14 Dec 2010)

Brian Lenihan Jnr: I have no role in assessing or confirming an individual's tax liability or in making payment arrangements. These are a matter for the Revenue Commissioners. I am advised by the Revenue Commissioners that the person in question is issued with a tax return (Form 12) annually as he is in receipt of owner-occupier relief under the Rural Renewal Scheme. This person incorrectly received a refund...

Written Answers — Personal Earnings: Personal Earnings (14 Dec 2010)

Brian Lenihan Jnr: The information requested, estimated by reference to the income tax year 2010, is set out in the following table. However, because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers and small groups of taxpayers, the breakdown by income bands requested by the Deputy is not provided in relation to incomes exceeding...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2010)

Brian Lenihan Jnr: I can inform the Deputy that the Office of the Attorney General advised on all aspects of the Financial Emergency Measures in the Public Interest Bill. The public service pension reduction measure is in accordance with the Croke Park Agreement. Section 3 provides that the calculation of public service pensions is not affected. "Nothing in section 2 shall affect the calculation of any...

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: The Stamp Duty reforms as announced in the Budget have two aims: stimulation of the property market and commencing the necessary infrastructure for the commitment in the National Recovery Plan to introduce a Site Value Tax. As a result of the changes, Stamp Duty at a rate of 1% where the property value is under €1m and 2% on the excess above €1m, will now be payable on all residential...

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: The Department of Finance, the Office of the Revenue Commissioners and independent consultants carried out major detailed reviews of certain tax incentive schemes in 2005. A key recommendation of these reviews was that a cost benefit analysis should be carried out on any proposed future scheme prior to their introduction. A tax incentive scheme for the mid-Shannon region was subsequently...

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: My Department together with the Revenue Commissioners has been engaged in detailed discussions with the Office of the Attorney General in relation to the many complex issues associated with the legacy property relief schemes which continue to cost the Exchequer several hundreds of millions of Euro a year in tax forgone. The measures announced in the Budget are intended to be proportionate...

Written Answers — Dental Practice Incomes: Dental Practice Incomes (14 Dec 2010)

Brian Lenihan Jnr: The operation of the Treatment Benefits Scheme, which includes Dental Benefit, is funded from the Social Insurance Fund and is the responsibility of my colleague Mr Eamon O Cuiv TD, Minister for Social Protection. I am informed by the Department of Social Protection that payments made under the Treatment Benefit Scheme show a drop of 59.8% in 2010 over 2009. However as dental practice...

Written Answers — Tax Statements: Tax Statements (14 Dec 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement (P21) for the tax year 2009 will issue to the person concerned shortly.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Committee and Remaining Stages (10 Dec 2010)

Brian Lenihan Jnr: There is no decision of the Fianna Fáil parliamentary party. The Government has decided to submit the general arrangements to political approval next week in the House.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: In the light of the increasing cost of public service pensions, the Government had to reduce spending in this area. This was an extremely difficult decision for the Government to take and as I said at the start of this debate, this was not done lightly without very careful consideration being given to the consequences. However, the Government must have regard to cost and the increasing...

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: It is what Deputy Costello will be doing.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: It is fully taxed.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: It is fully taxed.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: No, the Deputy cannot just come in and talk nonsense all the time.

Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)

Brian Lenihan Jnr: I suggest eight minutes.