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Written Answers — Departmental Statistics: Departmental Statistics (23 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant sector-based information available on employees taxed under the PAYE system is derived from income tax returns filed for the income tax year 2008 and represents about 96 per cent of all returns expected at the time the data were compiled for analytical purposes. The figures include PAYE taxpayers who are required to return...

Written Answers — Tax Code: Tax Code (23 Nov 2010)

Brian Lenihan Jnr: It is assumed that the Deputy is referring to intra-Community supplies of services, known as Fourth Schedule Services under the old Fourth Schedule to the VAT Act 1972. The Fourth Schedule listed a number of services that were to be taxed in the Member State where they were received. The Fourth Schedule was discontinued from 1 January 2010 as part of the introduction of the EU wide changes...

Written Answers — Liquor Licensing Laws: Liquor Licensing Laws (23 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the information in respect of publicans' licences issued for 2005 through to 2009 is as set out in the table. The figures for the calendar year 2010 are available only up until 18 November; the final figures for 2010 will not be available until the end of the year. Licences Numbers Issued Retailers 2005 2006 2007 2008* 2009* 2010 Full...

Written Answers — Tax Code: Tax Code (23 Nov 2010)

Brian Lenihan Jnr: EU VAT law, with which Irish VAT law must comply, does not permit reductions in VAT, for environmental or other reasons, that would create a distortion of competition between similar goods or services. The EU Commission undertook a study of the possibility of using reduced VAT rates as a tool to support the climate change agenda. While Ireland expressed support for such a study, the EU...

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Nov 2010)

Brian Lenihan Jnr: I have been advised by the Central Bank that the information requested by the Deputy is not available as there is no legal requirement on licensed moneylenders to prepare or to submit audited accounts to the Bank. The 'end of year' for financial accounts purposes varies from moneylender to moneylender. I should point out that there is a requirement on the Central Bank to publish a register...

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Nov 2010)

Brian Lenihan Jnr: The Central Bank of Ireland has advised me that in 2008 and 2009, 162,000 euros and 244,000 euros respectively were collected from moneylenders as part of the industry funding levy. The process of collection of the 2010 industry funding levy has only recently commenced. The total amount expected to be collected is 309,000 euros.

Written Answers — Financial Services Regulation: Financial Services Regulation (23 Nov 2010)

Brian Lenihan Jnr: The Central Bank of Ireland has advised me that the number of licenses granted each year from 2008 to 29 October 2010 is as follows:- No of licensed moneylenders 2008 52 2009 52 2010 48 (as at 29 October 2010) The Deputy might wish to note that moneylending licenses must be renewed annually and that the number of valid licenses at a particular time does not vary...

Written Answers — Departmental Reports: Departmental Reports (23 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 141 and 145 together. The Deputies will be aware that the Final Report by the Mortgage Arrears and Personal Debt Group (Group) was submitted to me on Tuesday 16th November and brought before Government on the same day. The Final Report includes both a list of the recommendations in the Group's Interim Report and also additional recommendations arising from the...

Written Answers — Tax Code: Tax Code (23 Nov 2010)

Brian Lenihan Jnr: Stamp Duty like all other sources of Government revenue, is a matter for review during the annual budgetary process and the Deputy is aware it is not customary to comment on possible changes in advance of the Budget. The current legislation on stamp duty provides no special relief for trade downs.

Written Answers — Insurance Industry: Insurance Industry (23 Nov 2010)

Brian Lenihan Jnr: As highlighted in the Deputy's question, an indemnification scheme is one option that has been suggested for households who are unable to obtain flood cover. A key factor in any decision on this matter will be the impact on future expenditure, particularly in the current economic climate. As the Deputy will be aware the Government is considering the options open to it, in order to try and...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: I said it was a liquidity problem.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: They are still here.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: It was a teleconference.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: We comfort each other in our suffering.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: What about corporation tax?

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: I have no issue with that either, as long as the questioning finishes at 7 p.m.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: I can waive my right to a statement.

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: It was my intention to take them in the first instance. On the European authorities, which are assisted by the IMF in the negotiations, the position, as I understand it, is that it is intended to brief the Opposition parties directly later this week on the issues involved in the negotiations. That is the intention of the European authorities and IMF. I agree with Deputy Rabbitte that it is...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: The interest rate is a crucial part of the negotiations. Deputy Burton highlighted a very important issue in the negotiations, namely, the period for which the relevant funds will be available, in other words, the term of the funding. One of the difficulties with Greece was that the funding was very short term which will create a funding wall for the country at the end of the three year...

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: Short-term interest tends to be very low.

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