Results 1,121-1,140 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Statements: Tax Statements (16 Nov 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE P21 balancing statement for the year 2009 will issue to the person concerned shortly.

Written Answers — Construction Contracts: Construction Contracts (16 Nov 2010)

Brian Lenihan Jnr: All firms tendering for projects, including firms from outside this jurisdiction, must tender on the basis of the terms of the contract that are included in the tender documents. In the case of public sector projects, the standard forms of contracts that are used include provisions requiring compliance with the Registered Employment Agreements (REAs). The National Employment Rights...

Written Answers — Tax Code: Tax Code (16 Nov 2010)

Brian Lenihan Jnr: I have stated previously that it is my intention to widen, if possible, the tax base on which betting duty would be applied. We have a situation where bets placed through one platform, namely betting shops, are subject to 1% betting duty but bets placed through other platforms are generally not. This is because bets placed either online or over the phone are generally with out-of-State...

Written Answers — Tax Code: Tax Code (16 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 148 and 149 together. The annual turnover threshold for VAT registration depends on the nature of the business carried on. In general, there are two thresholds: the goods threshold, which is currently €75,000, and the services threshold, which is €37,500. Where 90 per cent or more of the turnover of a person or company consists of the supply of taxable...

Written Answers — Informal Economy: Informal Economy (16 Nov 2010)

Brian Lenihan Jnr: My Department does not produce estimates of the size of the informal economy nor of the estimated number of persons participating in such activities. Internationally, a considerable amount of research has been undertaken in this area but, by definition, it is always difficult to quantify the scale of the informal economy. Having said that, the Central Statistics Office in compiling estimates...

Written Answers — Insurance Industry: Insurance Industry (16 Nov 2010)

Brian Lenihan Jnr: At the outset it should be noted that neither I in my role as Minister for Finance nor the Central Bank of Ireland can prohibit or restrict an insurance company from changing its annual premium rates, as this is a commercial decision for the company in question. I am aware of increased pressure on insurance premiums in recent times particularly in the household insurance area. Much of this...

Written Answers — National Asset Management Agency: National Asset Management Agency (16 Nov 2010)

Brian Lenihan Jnr: NAMA has a commercial remit to manage its portfolio of over €70 billion and it has to consider, on a case-by-case basis, the overhead costs associated with leaving a debtor in place to manage his business at an agreed salary level versus the commercial alternative of appointing an insolvency expert. NAMA has advised that it is currently reviewing business plans for the largest 30 debtors...

Written Answers — Tax Code: Tax Code (16 Nov 2010)

Brian Lenihan Jnr: The position is that the type of employment payment referred to by the Deputy is subject to income tax. As with any employment, of whatever occupation, an employer is obliged to make the appropriate deductions of income tax, income levy, PRSI and health levy on the making of any payment of such income. An individual's liability to tax is, of course, reduced by virtue of that individual's tax...

Written Answers — Tax Reliefs: Tax Reliefs (16 Nov 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the tax credit was granted to the person concerned on 25 September 2009 on the basis of the IT18 submitted. As part of Revenue's verification program, the claim was identified for checking and additional details were requested to support the claim. This request issued on 29 September 2009. As no reply was received to that request, in...

Written Answers — Tax Reliefs: Tax Reliefs (16 Nov 2010)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that qualifying third level fees are allowable against Irish tax liability. I understand that in the particular case referred to by the Deputy, the taxpayer is working in the United Kingdom, and is not liable to pay tax in Ireland. Any claim for tax relief must therefore be made to the UK tax authorities.

Written Answers — Budgetary Measures: Budgetary Measures (11 Nov 2010)

Brian Lenihan Jnr: This question relates to potential Budgetary measures. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Cúrsaí Gaeilge: Cúrsaí Gaeilge (11 Nov 2010)

Brian Lenihan Jnr: Toisc go ndeachaigh Oifigeach lán aimseartha amháin amach ar scor le déanaí, maraon le lion áirithe Oifigeach páirt aimseartha, ba ghá líon de na Cúrsaí Gaeilge a bhí fógraithe, a chur ar ceal. 69mac léinn a bhi thíos leis. Tá iniúchadh á dhéanamh ag mo Roinnse i láthair na huaire ar staid foirne Ghaeleagrais i bhfianaise na scor seo. D'fhonn teacht leis na srianta...

Written Answers — Personal Debt: Personal Debt (11 Nov 2010)

Brian Lenihan Jnr: The Mortgage Expert Group submitted its Interim Report to me in early July. The Government accepted all of the recommendations. I understand that good progress has been made in regard to the implementation of the recommendations. Since July, the Expert Group has been working on its Final Report. They have been considering a number of very complex and sensitive issues which has...

Written Answers — Personal Debt: Personal Debt (11 Nov 2010)

Brian Lenihan Jnr: The Deputy will be aware that the Expert Group on Mortgage and Arrears and Personal Debt (Expert Group) submitted its Interim Report to me in July. The Government accepted all of the recommendations. I understand that good progress has been made in regard to the implementation of the recommendations. To give effect to the recommendations of the Expert Group, the Financial Regulator...

Written Answers — Fiscal Policy: Fiscal Policy (11 Nov 2010)

Brian Lenihan Jnr: The Incentivised Scheme of Early Retirement closed in 2009 and, consequently, there are no plans to amend its terms.

Written Answers — Tax Collection: Tax Collection (11 Nov 2010)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the details supplied are insufficient to enable them to identify the basis of the transaction described. To pursue the matter further, the person in question should contact Miriam McSweeney, Revenue House, Cork. Telephone Number 021 6027440, and should send Ms McSweeney any documentation received from the insurance company concerned.

Written Answers — Consultancy Contracts: Consultancy Contracts (11 Nov 2010)

Brian Lenihan Jnr: As previously indicated to the Deputy in my reply to PQ 40173/10, under their terms of their employment, staff with economic expertise are subject to the provisions of the Official Secrets Act, 1963 as amended by the Freedom of Information Acts, 1997 and 2003. In addition, they are required not to disclose to third parties any confidential information especially information with commercial...

Written Answers — Decentralisation Programme: Decentralisation Programme (11 Nov 2010)

Brian Lenihan Jnr: A total of 3,407 staff have decentralised to 37 locations since the commencement of the programme. Table 1 gives details of 31 projects in respect of which permanent accommodation has been procured or provided. A total of 2,232 staff have moved to take up positions at those locations. Table 2 gives details of a further 3 sites where the contractual arrangements for the provision of permanent...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (11 Nov 2010)

Brian Lenihan Jnr: The mortgage portfolios which form part of a bank's asset book depend on the institution's level of activity in mortgage lending. Some financial institutions engaged in greater mortgage lending than others and would therefore contain larger mortgage portfolios. Although the number of mortgages in arrears has risen, the number of repossessions remains low. The Deputy will appreciate that I...

Written Answers — Financial Services Regulation: Financial Services Regulation (11 Nov 2010)

Brian Lenihan Jnr: Based on information at 30 June 2010, the total assets of the credit union sector in Ireland is €14.5 billion. The Deputy is aware credit unions are independent financial institutions with full responsibility and control over their own funds. It is open to credit unions to invest surplus funds as they see fit provided that such loans or investments are made in accordance with the...