Results 8,141-8,160 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: The Government believes that it is important to ensure that in so far as possible mortgages are available to people who want to buy houses. In the context of discussions on recapitalisation before Christmas Allied Irish Bank and Bank of Ireland committed to, amongst other things, providing an additional 30% capacity for lending to first time buyers in 2009. The banks also committed to...

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

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that there is no record of receiving a claim for repayment of tax from the taxpayer. Previous representations were made last year on the matter. Revenue wrote to the taxpayer on 22nd July 2008 requesting information to advance a claim but there is no record of a reply having been received.

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

Brian Lenihan Jnr: Where the individual has an entitlement to a full medical card at any time during the year the individual should forward a copy of their full medical card to their employer/pension provider and the employer/pension provider will then cease to deduct the income levy. Where the income levy has been applied for particular pay period(s) during the year and the individual has an entitlement to a...

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

Brian Lenihan Jnr: The scheme for the purchase of notional service allows officers who would have less than maximum pensionable service at age 60 or 65 and who fulfil certain other conditions to purchase additional reckonable service at full actuarial cost. The pension deduction will have no effect on the purchase of notional service now or in the future.

Written Answers — National Treasury Management Agency: National Treasury Management Agency (10 Feb 2009)

Brian Lenihan Jnr: I would like to draw the Deputy's attention to the fact that savings bonds, savings certificates and national instalment savings, three of the Government's personal savings products for which the National Treasury Management Agency is responsible, allow individuals to invest in fixed-term, fixed-rate instruments which are part of the National Debt. They are available for purchase through any...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (10 Feb 2009)

Brian Lenihan Jnr: Section 47 of the Credit Institutions (Financial Support) Scheme 2008 (Scheme) requires each covered institution to prepare a plan to structure the remuneration packages of directors and executives, including total salary, bonuses, pension payments and any other benefit, so as to take account of the objectives of the Scheme. The Deputy will be aware of the existence of the Covered...

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

Brian Lenihan Jnr: I propose to take Questions Nos. 241 and 242 together. The pension related deduction applies to public servants, that is those who are employed in a public service body. It will not apply to occupational or State pension income received by retired public servants. It is not being applied to the commercial semi state sector. The deduction will apply to all remuneration including allowances...

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

Brian Lenihan Jnr: Based on returns made to my Department for end September 2008 [the last date for which complete data are available] the number of serving non industrial civil servants was estimated to be 37,000 full time equivalents (fte). It is estimated that just over 1,000 staff (fte) — approximately 3% excluding staff serving in the Prisons Service — were not employed on a permanent basis. These...

Written Answers — Departmental Correspondence: Departmental Correspondence (10 Feb 2009)

Brian Lenihan Jnr: My officials will be in touch with the Deputy setting out the procedure to be followed in relation to the matter raised.

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the position in relation to the transactions concerned is as follows. With regard to VAT, the renting of residential property is exempt from VAT. Before 1 July 2008, where a developer let a residential property, this would have resulted in a full claw-back of all the VAT incurred on the construction of that property, which had been reclaimed...

Written Answers — Job Losses: Job Losses (10 Feb 2009)

Brian Lenihan Jnr: Job losses have an impact on the Exchequer finances in two ways — through additional social welfare costs and reduced tax revenue. The exact additional cost depends on individual circumstances, for example; whether the individual is married or single, whether he/she is signing on with the Department of Social and Family Affairs for full benefits or signing on due to reduced working hours,...

Written Answers — Live Register: Live Register (10 Feb 2009)

Brian Lenihan Jnr: The Addendum to the Stability Programme Update was published on 9th January 2009 and the labour market projections are based on information up to the end of last year. In preparing the budgetary forecasts published in the Addendum, the average live register projection for 2009 is 340,000 persons and the corresponding year-end figure is for approximately 400,000 people.

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

Brian Lenihan Jnr: The proposed pension-related deduction for public servants will operate under what is known as the "net pay" arrangement, whereby pension contributions for PAYE taxpayers, including those in the public sector, are deducted from gross pay before the application of income tax, PRSI and the health levy. As a result, it is proposed that the pension-related deductions will be exempt for income...

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

Brian Lenihan Jnr: As is the norm, the additional pension contribution to be made by public servants will attract tax relief. The actual amount of tax relief depends on an individual's circumstances but as a broad rule of thumb it is estimated that about one third of the amount will accrue in tax relief to public servants. As a result, the €1.4 billion is a saving on the expenditure side of the account that...

Written Answers — Public Sector Pay: Public Sector Pay (10 Feb 2009)

Brian Lenihan Jnr: The savings in question, which are on an annual basis, breakdown as follows: €1.35bn to be achieved through the public service pension-related deduction and €50 million to be achieved mainly through a reduction in travelling and subsistence rates, along with some other adjustments.

Written Answers — Departmental Expenditure: Departmental Expenditure (10 Feb 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 251 and 252 together. Of the €140 million savings from general administrative efficiencies, €50 million is in respect of savings arising from the non-payment of the pay increase that had been scheduled for payment on 1 September 2009; €25 million is from further administrative efficiencies across all areas; €25 million from savings on procurement; and...

Written Answers — Departmental Programmes: Departmental Programmes (10 Feb 2009)

Brian Lenihan Jnr: The capital allocation for every Department announced in Budget 2009 was reduced pro-rata by 1.8% to raise €150 million which has been allocated to school building work and to home insulation and energy efficiency measures. Every Department will now have to examine its planned expenditure for 2009 and identify where the reductions can be made. However, we are achieving far more output for...

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

Brian Lenihan Jnr: Monthly profiles of projected receipts and expenditure are normally published by the end of January every year. However, this year, reflecting the fact that the tax forecasts were revised at the start of January, the publication of tax revenue profiles has been delayed. I expect my Department to publish these tax profiles shortly. In relation to projected Exchequer expenditures, the...

Written Answers — : (10 Feb 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the net receipt in the years 2005 to 2008 from stamp duty on cheques issued by financial institutions is as follows: Year 2005 2006 2007 2008 â'¬m â'¬m â'¬m â'¬m Net Receipt from Cheques 16.5 16.7 18.6 30.5 The rate of stamp duty on cheques which applied in each year is as follows: Year Rate 2005 15c per cheque 2006 15c per...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the rate of capital gains tax (CGT) payable for the disposal of an asset is the rate on the date of disposal of that asset. For CGT purposes, the date of disposal of land acquired under a compulsory purchase order is the earlier of the date the authority enters on the land, and the date on which the compensation is agreed. This general rule...