Results 11,661-11,680 of 19,445 for speaker:Brian Cowen

Written Answers — Departmental Bodies: Departmental Bodies (13 Feb 2008)

Brian Cowen: Sealuchais Árachais Teoranta (SAT), a statutory company under the Insurance (Miscellaneous Provisions) Act, 1985 acts as a non-trading holding company for Icarom plc (formerly the Insurance Corporation of Ireland) which is under administration. The two Directors of the company are officials of my Department. Under the provisions of the Insurance (Miscellaneous Provisions) Act, 1985 I can...

Written Answers — Customs and Excise Service: Customs and Excise Service (13 Feb 2008)

Brian Cowen: It is taken that the Deputy is referring to the airports other than the three main airports at Dublin, Cork and Shannon. I am informed by the Revenue Commissioners that the Customs controls in place at these airports are risk-based and are carried out by mobile Customs enforcement staff. Attendance is selective and targeted and is based on analysis and evaluation of national and...

Written Answers — Tax Code: Tax Code (13 Feb 2008)

Brian Cowen: Up to 2006, DIRT was deducted from a customer's deposit interest regardless of whether or not the customer was actually liable to tax. At the end of the year some account holders, provided they met certain conditions, were entitled to claim a refund from Revenue of any DIRT deducted during the year. I am advised by the Revenue Commissioners that the statutory return of DIRT filed by the...

Written Answers — Passport Applications: Passport Applications (13 Feb 2008)

Brian Cowen: My Department does not retain information on passport applications.

Written Answers — Vehicle Registration: Vehicle Registration (12 Feb 2008)

Brian Cowen: I am aware of the potential for vehicles written off in the UK to be presented for registration in the State. When a foreign vehicle is presented for registration, Revenue officials satisfy themselves that it is a mechanically propelled vehicle as provided for in the legislation, however Revenue has no role under legislation in determining the roadworthiness of such vehicles. The Deputy may...

Written Answers — Vehicle Registration: Vehicle Registration (12 Feb 2008)

Brian Cowen: I am advised by the Revenue Commissioners that as a general rule all vehicles imported permanently into the State must register for VRT purposes within seven days of arrival. This rule applies equally to vehicles imported by EU and non EU persons. However, Section 135 (a) of the Finance Act 1992 permits a European or other foreign registered vehicle which is temporarily brought into the...

Written Answers — EU Regulations: EU Regulations (12 Feb 2008)

Brian Cowen: Following consultations between a number of Government Departments and the Office of the Attorney General, it has been agreed that my Department will be responsible for introducing the necessary legal instrument in order to give effect to Regulation (EC) No 1082/2006 which provides for the setting up of European Groupings of Territorial Cooperation in each Member State. At present my...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: The Group B threshold for 2008 is €52,121. Any other gifts/inheritance that might have been received within this group by an individual since 5 December 1991 are also taken into account when applying the threshold for the purposes of calculating Capital Acquisitions Tax. If the total value of all inheritances and gifts received since this date is above the relevant threshold, then a 20%...

Written Answers — Departmental Correspondence: Departmental Correspondence (12 Feb 2008)

Brian Cowen: A reply was issued by my Private Secretary on 6 February 2008.

Written Answers — Departmental Staff: Departmental Staff (12 Feb 2008)

Brian Cowen: Since the provisions of the Civil Service Regulation Act 2005 came into effect on 4 July 2006 there have been no dismissals from my Department. In the case of civil service bodies under the aegis of my Department, I am advised by the Revenue Commissioners that one Executive Officer has been dismissed.

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Feb 2008)

Brian Cowen: The amounts paid from my Department's vote to civil servants in respect of travel, subsistence or overnight allowances for the years 2004 to 2007 are set out in the table. A breakdown for the years 2002 to 2003 is not readily available. Year Amount € 2004 522,000 2005 468,000 2006 640,000 2007 700,000 In addition, I am advised by the Revenue Commissioners that the amount paid to staff...

Written Answers — Pension Provisions: Pension Provisions (12 Feb 2008)

Brian Cowen: I have primary responsibility for the Civil Service pension arrangements and an approving role in relation to public sector pensions generally. As you are aware preservation of superannuation benefits only came into force in respect of retirements from 1 June 1973 onwards in the Civil Service and 1 October 1976 in the case of members of An Garda Síochána. Any officer retiring before the...

Written Answers — Pension Provisions: Pension Provisions (12 Feb 2008)

Brian Cowen: The 2006 Budget and Finance Act introduced an imputed or notional distribution of 3% of the value of the assets of an Approved Retirement Fund (ARF) on 31 December each year, where the notional amount will be taxed at the ARF owner's marginal income tax rate. Funds actually drawn down by ARF owners will be credited against the imputed distribution in that year to arrive at a net imputed...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I am advised by the Revenue Commissioners that as of 7 February 2008 they have not received a claim for top-slicing relief from or on behalf of the person in question. Top-slicing relief is a relief which may be applied to the taxation of lump sum payments made on termination of employment. It appears that the taxpayer's employment terminated in 2003 and that any claim for the repayment of...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I have been advised by the Revenue Commissioners that the taxpayer is not entitled to a rebate of income tax based on the information available to them at present. PAYE balancing statements for the years 2004 to 2007 inclusive will issue to the taxpayer in the coming days. These will outline the taxpayer's income from all sources together with a breakdown of all tax credits claimed by the...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I have been advised by the Revenue Commissioners that the taxpayer received an income tax rebate on 6 November 2007 following cessation of employment with the taxpayer's former employer. A further income tax rebate is now due to the taxpayer and will issue in the coming days together with PAYE balancing statement for the year 2007.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (12 Feb 2008)

Brian Cowen: I welcomed the publication on 22 September 2005 of the Competition Authority's final report on competition in the non-investment banking sector. The 25 recommendations contained in the Competition Authority's report were directed largely at the industry, its representative bodies, the Financial Regulator and Central Bank, as well as to the Minister for Finance. Points addressed for the...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I am informed by the Revenue Commissioners that the number of first-time buyer transactions which were exempted from Stamp Duty under the provisions of the Finance (No. 2) Act 2007 was 2,987 in 2007. This figure includes the number of transactions which became entitled retrospectively to exemption on the passing of the Act and obtained a refund of the Stamp Duty paid. The figure also...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I am advised by the Revenue Commissioners that property valued at €115,000 was bequeathed to the taxpayer and his wife in equal shares in the estate of the taxpayer's mother, upon her death on 13 October 1998. There was no liability to inheritance tax in respect of the disposition valued at €57,500 to the taxpayer as his inheritance was within the applicable Class A threshold of...

Written Answers — Tax Code: Tax Code (12 Feb 2008)

Brian Cowen: I am informed by the Revenue Commissioners that, in accordance with Regulations 20(1) and 20(2) of the Income Tax (Employments) (Consolidated) Regulations, 2001, an employee should be given parts 2 and 3 of their P45 on the date their employment ceases with part 1 of the P45 being sent immediately by the employer to Revenue.