Results 8,901-8,920 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Nov 2008)

Brian Lenihan Jnr: As the Deputy will be aware, in welcoming the European Central Bank's announcement on 6 November 2008 of a 0.5% reduction in its key interest rates, I highlighted that I would expect financial institutions to pass on these reductions to their customers including in particular to those purchasing properties on variable mortgages but also to small and medium-sized enterprises. This will help...

Written Answers — Decentralisation Programme: Decentralisation Programme (11 Nov 2008)

Brian Lenihan Jnr: The following table sets out the non-property costs incurred by my Department and the bodies under the aegis of my Department for the decentralisation process broken down by location to end September 2008. Department/Body Location Cost € Finance Tullamore 741,509 Revenue Kilrush 130,218 Listowel 130,590 Navan 183,810 Athy 123,574 Non-salary administrative costs for all...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: As announced in the Budget, health expenses relief will be granted at the standard rate only from 1 January 2009, with the exception of nursing home expenses where temporary arrangements will apply. Nursing home expenses will be standard rated from 1 January 2010.

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 213 to 217, inclusive, together. The artists tax exemption was introduced in 1969 to help create an environment in Ireland in which the arts could flourish and to encourage artists living abroad to come and live in Ireland. Under the scheme, income earned by artists, writers, composers and sculptors from the sale of their work (books and other writings,...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 218 and 227 together. The position is that the income levy will be applied to gross income except social welfare payments and contributory and non-contributory social welfare pensions. It is also proposed to exempt those on low incomes from the income levy. Full details on the levy will be set out in the forthcoming Finance Bill.

Written Answers — Lottery Funding: Lottery Funding (11 Nov 2008)

Brian Lenihan Jnr: The surplus received from the National Lottery in each of the past ten years is as follows: 1998, €141.294 million; 1999, €159.378 million; 2000, €162.807 million; 2001, €175.793 million; 2002, €172.931 million; 2003, €186.702 million; 2004, €191.125 million; 2005, €203.205 million; 2006, €217.526 million; and 2007, €245.480 million.

Written Answers — Lottery Funding: Lottery Funding (11 Nov 2008)

Brian Lenihan Jnr: The amount of funding provided to youth services (Subhead B9 of the Vote for the Department of Education and Science) from the National Lottery each year between 1999 and 2004 is as follows: 1999, €19,032,267; 2000, €21,399,901; 2001, €23,350,483; 2002, €25,692,000; 2003, €27,123,000; and 2004, €28,624,000. Since 2005, subheads which had previously been funded by the proceeds of...

Written Answers — Lottery Funding: Lottery Funding (11 Nov 2008)

Brian Lenihan Jnr: The National Lottery Beneficiary Fund Monitoring Committee was established by the Department of Finance to oversee the implementation of the recommendations of the 1997 report of the National Lottery Review Group. The Monitoring Committee ceased to exist when it was subsequently decided that the recommendations of the Review Group could better be pursued within the broader context of the...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: I propose to take Questions Nos. 222 and 223 together. A tax exemption for charities is available under section 207 of the Taxes Consolidation Act 1997. To avail of this exemption, a body must be established for charitable purposes only and must also apply all of its income for charitable purposes only. With a view to ensuring that this is the case, Revenue generally insists that no...

Written Answers — Departmental Expenditure: Departmental Expenditure (11 Nov 2008)

Brian Lenihan Jnr: My Department's vote had one capital project in the period to which the Deputy refers where the final cost out-turn exceeded the initial cost estimate. In October 2004, my Department commenced a project to build and fit out a crèche for 80 children in Cork at an estimated cost of €2.5 million as part of the Civil Service child care initiative. The Office of Public Works subsequently...

Written Answers — Departmental Staff: Departmental Staff (11 Nov 2008)

Brian Lenihan Jnr: Under the terms of the Civil Service Pensions Schemes, all retiring Civil Servants are normally entitled to an annual pension and a retirement lump sum based on final salary and years of service. The amounts granted to staff retiring from my Department under these entitlements in each of the past three years are as follows: Number of staff Pension Lump Sum Total 2006 9 401,075 1,377,235...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: The position, as set out in my reply to Question No. 283 of 24 September 2008, regarding the application of section 473 of the Taxes Consolidation Act 1997 to rent paid to a local authority under the shared ownership scheme, does not represent an anomaly in the taxation code. Rent paid under the Shared Ownership Scheme is designed to cover the cost to local authorities of financing the...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: The income levy is applied to individual income earners and not to companies. Full details regarding provisions, in relation to the collection, recovery, inspection of records, and other provisions required in relation to the income levy will be set out in the forthcoming Finance Bill.

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: The income levy will apply to all trades and professions at the same rates as will apply to those applying to PAYE and investment income. The income levy will be calculated by applying the appropriate percentage to the self-employed farmer's gross income, after deduction of only those expenses directly associated with the performance of the trade, i.e. in accordance with the normal principles...

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the necessary detailed data for accounting periods of companies ending in 2007 is not yet available. However, on the basis of data available for accounting periods ending in 2006, the information requested is as set out in the following table. Total Number of Companies Average Effective Tax Rate on Taxable Income and Gains Companies liable...

Written Answers — Tax Yield: Tax Yield (11 Nov 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the amount of tax foregone under each property-based scheme in 2006 is as follows: Scheme Tax Cost €m Urban Renewal 140.5 Town Renewal 38.7 Seaside Resorts 6.4 Rural Renewal 38.0 Multi-storey car parks 16.6 Living over the shop 2.7 Enterprise Areas 3.0 Park and Ride 2.8 Holiday Cottages 9.5 Hotels 106.6 Nursing Homes 14.7...

Written Answers — Tax Yield: Tax Yield (11 Nov 2008)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the estimated tax foregone in respect of the Business Expansion Scheme and the Seed Capital Scheme for the years 2006 and 2007 is as set out in the following table: 2006 2007 â'¬m â'¬m Business Expansion Scheme 21.4 17.5 Seed Capital Scheme 1.2 2.3

Written Answers — Departmental Expenditure: Departmental Expenditure (11 Nov 2008)

Brian Lenihan Jnr: Revised guidelines for the appraisal and management of capital expenditure were issued by the Department of Finance in February 2005 to encourage a better approach to appraisal and management of capital programmes and projects and to reflect best practice. These guidelines were further supplemented by the Department of Finance VFM circular of 25 January 2006 and the May 2007 letter revising...

Written Answers — Planning Issues: Planning Issues (11 Nov 2008)

Brian Lenihan Jnr: No development work has been undertaken by my Department under Section181(2)(a) of the Planning and Development Act 2000. I have been informed by the Office of Public Works that no orders were signed in that office for work carried out under Section 181 of the 2000 Planning Act . If works were being undertaken on behalf of other Departments, the relevant Departmental Minister would sign the order.

Written Answers — Tax Code: Tax Code (11 Nov 2008)

Brian Lenihan Jnr: In my Budget speech on 14 October, I announced the introduction of a new tax incentive scheme to facilitate the relocation of Seveso-listed industrial facilities which hinder the residential and commercial regeneration of Docklands in urban areas. The EU Seveso Directive seeks to protect public safety by placing land-use restrictions on new residential and commercial development near...