Results 8,761-8,780 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Services Ombudsman: Financial Services Ombudsman (2 Dec 2008)

Brian Lenihan Jnr: The Financial Services Ombudsman (FSO) is a statutory body that deals independently with complaints from consumers about their individual dealings with financial service providers that have not been resolved by the providers after they have been through the internal complaints resolution systems of the providers. All personal customers, limited companies with a turnover of €3m or less,...

Written Answers — Job Losses: Job Losses (2 Dec 2008)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that under normal circumstances the person would get a P45 from his employer when his employment ceases. Revenue records indicate that his employer has ceased trading and if the person has encountered difficulties in obtaining the P45, he should contact the Revenue Commissioners as soon as possible and speak to Ms. Mary Donoghue (01-8894885).

Written Answers — Banking Sector: Banking Sector (2 Dec 2008)

Brian Lenihan Jnr: Officials from my Department, the Department of Enterprise Trade and Employment, the Central Bank and the Financial Regulator are in continuous contact with the banks regarding the flow of lending to small business. At this stage, the Irish results of the Euro Area Bank Lending Survey for October show tightening credit standards for SMEs, somewhat higher costs, especially for riskier loans,...

Written Answers — Banking Sector: Banking Sector (2 Dec 2008)

Brian Lenihan Jnr: Nobody wants a situation where viable businesses fail because banks will not lend them money. However we need to be sure that difficulties in accessing credit by business reflect an overly restrictive approach by banks rather then the impact of the economic recession on creditworthiness. At this stage, the Irish results of the Euro Area Bank Lending Survey for October show tightening...

Written Answers — Banking Sector: Banking Sector (2 Dec 2008)

Brian Lenihan Jnr: The objective of the Credit Institutions (Financial Support) Scheme is to maintain financial stability in the best interests of the public and the economy of the State. To that end, the Scheme provides for the regulation of the commercial conduct of covered institutions and, in particular, requires each covered institution to appropriately manage its balance sheet in a manner consistent with...

Written Answers — Banking Sector: Banking Sector (2 Dec 2008)

Brian Lenihan Jnr: The Scheme states that in order to promote the public interest, a covered institution will, at the direction of the Minister for Finance, take all reasonable steps to appoint at least one but no more than two non-executive directors to its board from a panel approved by the Minister during the period of the guarantee. I expect to announce the panel Directors for the covered institutions this...

Written Answers — Banking Sector: Banking Sector (2 Dec 2008)

Brian Lenihan Jnr: The Deputy will appreciate that this review is detailed commercially sensitive and accordingly my Department will not be publishing the results of the PWC work.

Written Answers — Lottery Funding: Lottery Funding (2 Dec 2008)

Brian Lenihan Jnr: Cliff and mountain rescue services are not included in the list of categories which may be funded from the proceeds of the National Lottery. However, I understand that the organisation can apply to the National Coordination Committee for Mountain and Cave Rescue for capital grant aid funding.

Written Answers — Departmental Bodies: Departmental Bodies (2 Dec 2008)

Brian Lenihan Jnr: The Financial Services Consultative Consumer Panel was formally established by the Financial Regulator under the Central Bank Act, 1942 (as amended by the Central Bank and Financial Services Authority of Ireland Act, 2004), with effect from 1 November 2004. I have been advised by the Financial Regulator that the Consumer Panel schedules eleven monthly meetings in a calendar year. The last...

Written Answers — Public Service Remuneration: Public Service Remuneration (2 Dec 2008)

Brian Lenihan Jnr: The Government decided in July 2008 to secure payroll savings of 3% for Government Departments and public bodies, with the exception of primary and secondary level teachers and Special Needs Assistants in the education sector and staff involved in the direct delivery of essential health services. This decision is reflected in the Estimates for 2009 through savings of €260 million that...

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: The position is that the income levy will apply at a rate of 2% only on the income in excess of €100,100 but below €250,120 and at a rate of 3% only on the income in excess of €250,120.

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: The position is that those with an entitlement to the medical card will be exempt from the income levy.

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: The position is that the income levy will apply to gross income but excluding social welfare payments and the contributory and non-contributory State pensions. As the Deputy may be aware, an age related exemption threshold for persons aged 65 years and over is being introduced in the Finance Bill. These thresholds will be €20,000 per annum with a provision for double that limit for a...

Written Answers — Public Service Reform: Public Service Reform (27 Nov 2008)

Brian Lenihan Jnr: The Report of the Task Force on the Public Service, Transforming Public Services was published yesterday. The Report provides an action plan for modernising Ireland's Public Service. The Government also published a major policy statement on Transforming Public Services. This sets out how the recommendations of the Task Force will be implemented. It also contains details of a number of...

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 65 and 66 together. In my Budget Speech I said that despite the need to raise revenues, this Government is committed to maintaining and enhancing pro-employment business tax relief. I announced in the Budget the introduction of a three-year exemption from corporation tax on trading profits and chargeable gains for new companies commencing to trade next year....

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: As the Deputy is aware, the fuel duty rebate was withdrawn with effect from 1 November 2008 following the ending of a special derogation under the EU Energy Tax Directive 2003. A similar situation affects all member States who had derogations under the Directive. The Department of Transport and other relevant Departments, in conjunction with my Department, examined and considered...

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated full year yield from an additional one cent increase in excise duty, or 1.215 cent VAT inclusive, in the above products is as follows: Additional Total Revenue (Full Year) fromIncreases of 1c Excise Duty (1.215c VAT Inclusive) Revenue €m (VAT inclusive) Cigarettes (per pack of 20) 2.54 Beer / Stout (per pint) 9.57 Cider...

Written Answers — National Partnership Agreement: National Partnership Agreement (27 Nov 2008)

Brian Lenihan Jnr: As the Deputy is aware, the Review and Transitional Agreement 2008-2009 provides for a pay pause of 11 months in the public service from the expiry of the first phase of the first module of Towards 2016 on 30 September 2008 to 31 August 2009. The estimated savings from this pay pause are €175m in 2008 and €470m in 2009. If the pay pause were to be extended by another month there would...

Written Answers — Public Sector Pay: Public Sector Pay (27 Nov 2008)

Brian Lenihan Jnr: Increments are part of the terms and conditions of most public servants. In accordance with normal industrial relations practices and agreements, any proposal for a change in the present arrangements relating to increments would have to be discussed with the public service unions. If agreement could not be reached on a proposed change, it would be open to the unions to seek third party...

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The three Departments are now preparing the relevant heads of the Bill and they will have agreed the heads shortly. The Attorney General has taken a personal interest in the matter, as Deputy Stagg outlined. The Bill will then have to be drafted as a matter of urgency. With regard to the lead Department, the Department of Justice, Equality and Law Reform is the current lead Department. I...