Results 7,701-7,720 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that one of the persons in question sought exemption from Vehicle Registration Tax (VRT) on two vehicles imported on 1 October 2008. In his application for the exemption in respect of those two vehicles, he claimed that the transfer of residence from the UK took place on that date. Exemption from VRT on those two vehicles was refused because the...

Written Answers — Pension Provisions: Pension Provisions (24 Feb 2009)

Brian Lenihan Jnr: Discussions are in train with the trustees and the administrators of the five older universities and certain non-commercial semi-State bodies with a view to providing consistency and clarity for the future in terms of meeting the liabilities of the funded pension schemes. In that context, and provided all the schemes concerned agree, it is proposed that the assets of these schemes would be...

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: The position is that the relevant legislation provides for a specific exemption from the income levy in respect of social welfare payments, including the State pension, together with payments that are of a similar type or character made by other Departments or State agencies. A full list of the similar type payments is set out in Appendix A to the "Frequently Asked Questions on the Income...

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: The position is that all individuals are liable to pay the income levy if their gross income (excluding social welfare payments) exceeds the threshold of €18,304 per annum or in the case of individuals 65 or over, if their gross income exceeds the income exemption limit of €20,000 per annum. In addition, persons who are full medical card holders are exempt from the income levy. I am...

Written Answers — Tax Collection: Tax Collection (24 Feb 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Form 11 2008 was received on 18 February, 2009 and was processed on 19 February, 2009. A notice of assessment will issue to the taxpayer shortly.

Written Answers — Departmental Staff: Departmental Staff (24 Feb 2009)

Brian Lenihan Jnr: I would point out to the Deputy that the reply below is in respect of my own Department and offices under the remit of my Department only. My other ministerial colleagues will provide the information separately in respect of their own Departments. By employment I understand the Deputy to refer to the full or part time employment of retired civil servants as part of the staffing of the...

Written Answers — Garda Stations: Garda Stations (24 Feb 2009)

Brian Lenihan Jnr: Castleisland Garda Station is on the priority list of the Garda Building Programme for 2009. Under the Capital Works Programme Framework, all public sector construction projects are required to be carried out under the new form of contract. It is necessary, therefore, to re-tender construction projects, such as Castleisland Garda Station, which had been tendered under the previous GDLA form...

Written Answers — Tax Collection: Tax Collection (24 Feb 2009)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners and I have been advised that Revenue has made contact with the individual concerned with a view to resolving the matter of payment of Capital Gains Tax due.

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that in a rental situation, where allowable expenses exceed rents, the loss can only be used to reduce a person's taxable rental income from Irish sources in years subsequent to that in which the loss arose. There are no circumstances in which a rental loss can be set off against a person's PAYE income.

Written Answers — Departmental Schemes: Departmental Schemes (24 Feb 2009)

Brian Lenihan Jnr: The amounts outstanding in the Prize Bond scheme at the end of each of the past three years are as follows: Year € 2006 589 2007 631 2008 803 The amount currently outstanding (19 February 2009) is €829 million. The breakdown of sales and repayments of Prize Bonds in each of the past three years are as follows: Year Sales Repayments (€m) (€m) 2006 133 104 2007 145 103 2008...

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: In Budget 2009, I announced the Government's intention to introduce an annual charge of €200 on non principal private residences. This charge will be levied and collected by local authorities, and will be underpinned by legislation to be introduced by the Minister for the Environment, Heritage and Local Government. Any proposals for a more general property tax like all proposals for new...

Written Answers — Tax Collection: Tax Collection (24 Feb 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that each spouse is treated individually throughout the year by their employer/pension provider when the income levy is applied. According to Revenue records, the person in question is aged over 65; therefore the €20,000 per annum (€385 per week/€1,667 per month) exemption is applied each pay period. On that basis no refund can be made during...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (24 Feb 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 159 and 160 together. As the Deputy will be aware Anglo Irish Bank is now a nationalised bank and operating on a commercial basis at arms length from Government. Certain transactions between Anglo and IL&P that took place last year, prior to nationalisation, have given rise to serious concern and are subject of investigations. In a press release on Friday 13...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (24 Feb 2009)

Brian Lenihan Jnr: The Department of Finance has no accounts with Anglo Irish Bank, nor has it carried out transactions through that bank.

Written Answers — State Guarantees: State Guarantees (24 Feb 2009)

Brian Lenihan Jnr: The proposal referred to by the Deputy has been thoroughly examined. Officials from my Department met the unions and discussed the issue in detail. However, following very careful consideration, the Government has indicated to the unions that it is not in a position to provide the state guarantees which would be required by the proposal.

Written Answers — Public Service Contracts: Public Service Contracts (24 Feb 2009)

Brian Lenihan Jnr: Work on furze cutting on the Heath will be completed by end February, 2009.

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: The position is that an annual exemption from income tax applies for 2009 in respect of those married persons aged 65 years and over whose total income does not exceed €40,000. This limit can be increased by an additional €575 for the first and second dependent child and €830 for each subsequent dependent child. I should point out that where a married couple's income rises slightly...

Written Answers — Tax Code: Tax Code (24 Feb 2009)

Brian Lenihan Jnr: A contract for difference (CFD) is a form of derivative instrument that enables an investor to take a position on a share in a company and its likely performance (either a rise or fall in share value) without owning the shares. A CFD in itself does not attract a stamp duty liability and it was never the case that it did. A purchaser of a CFD does not buy the shares and therefore he or she...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (24 Feb 2009)

Brian Lenihan Jnr: As part of the recapitalisation package announced on 11 February, Allied Irish Bank and Bank of Ireland reconfirmed their December commitment to increase lending capacity to small and medium enterprises (SMEs) by 10% and to provide an additional 30% capacity for lending to first time buyers in 2009. If the mortgage lending is not taken up, then the extra capacity will be available to SMEs....

Written Answers — Tax Yield: Tax Yield (24 Feb 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that data on excise returns are not captured in such a manner as to provide a basis for compiling information on excise yields from any particular sector. It is not possible therefore to provide the information requested by the Deputy.