Results 1,281-1,300 of 16,537 for speaker:Brian Lenihan Jnr

Banks Recapitalisation (10 Nov 2010)

Brian Lenihan Jnr: May I please conclude?

Banks Recapitalisation (10 Nov 2010)

Brian Lenihan Jnr: The gap between Exchequer expenses and receipts for this year is €19 billion. The €1.5 billion to which the Deputy refers is not even included in that figure. Let us place this matter in perspective. The State has been spending far more than it has been taking in.

Banks Recapitalisation (10 Nov 2010)

Brian Lenihan Jnr: No, I am answering the Deputy's question. This is the one item of information she never wishes to hear. The gap to which I refer is real and the Deputy is of the view that we should try to reduce it by only €4.5 billion next year. Leaving aside any interest payments which must be made on moneys borrowed in connection with banking, it is that gap which lies at the heart of our fiscal and...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: In order to give the markets time to digest the end of September statement on banking and the four year budgetary plan, the National Treasury Management Agency decided not to proceed with the planned bond auctions for October and November and has stated it will return to the bond markets in early 2011. The NTMA has achieved the target of raising €20 billion from the bond markets in 2010...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: That has been a matter of public record since September. The strategy is two-pronged. The first element of it was contained in the September announcement to bring finality and clarity to the exposure of the Irish banking sector and gave the market ample time to digest that information. The second element of the strategy is to publish the four-year fiscal plan which will contain a credible...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: It is important to bear in mind that the NTMA advised me we should not hold auctions in October and November, and I agreed with that advice. It was open to us to hold these auctions. We were not shut out of the market; we decided not to make an offer to the market. Clearly, as my reply pointed out, we intend to return to the market early next year and the NTMA will of course advise me...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: Ireland has not sought assistance from the European Financial Stability Facility, EFSF, and as the NTMA has repeatedly stated, Ireland is fully funded well into next year. In terms of contacts between my officials and executives or representatives of the EFSF, there have been no contacts other than those made in the context of normal EU business. The EFSF is established as a limited...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: First, I have had no contact whatsoever with Mr. Klaus Regling since he was appointed to head up the facility. I of course met him when he visited Dublin earlier in the year-----

Written Answers — Departmental Expenditure: Departmental Expenditure (9 Nov 2010)

Brian Lenihan Jnr: Professional fees paid by Government have already been subject to reductions in 2009 and in 2010. The question of a further reduction in professional fees is a matter for consideration by the Government in the context of the forthcoming Budget.

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: The amount of "section 23 type relief" which is available on any particular rented residential property is always calculated as a proportion of the price actually paid by the purchaser for that property. In essence, a proportion of the cost to the builder/developer, which is attributable to his/her acquisition of the site, is taken outside the scope of the relief. The figure of 90%, in the...

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the claim for a refund in this case was not due in accordance with Section 865 Taxes Consolidation Act, 1997 (4) (b) (ii) which provides that a claim for repayment of tax under the Acts for any chargeable period shall not be allowed unless it is made, in relation to any chargeable period beginning on or after 1 January 2003, within 4...

Written Answers — Customs and Excise: Customs and Excise (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the decision on whether or not to search private aircraft at the listed airports is taken following profiling, review of intelligence and interview with the crew/passengers. A selection of private aircraft has been targeted in the period in question, involving Customs staff assembling a profile of the aircraft and passengers, undertaking covert...

Written Answers — Customs and Excise: Customs and Excise (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Customs Officers are not permanently based at Ireland West, Carrickfinn, Sligo, or Galway Airports. Customs controls at such airports are risk-based and are carried out by Revenue enforcement staff on mobile patrol. Attendance by these officers is selective and targeted and is based on analysis and evaluation of national and international...

Written Answers — Tax Collection: Tax Collection (9 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the numbers of total income earners on PAYE tax records, the corresponding number who are actually liable to PAYE income tax for the years 2005 to 2010 inclusive, are as follows. Numbers of PAYE income earners and taxpayers 2005 to 2010 Year PAYE Income Earners PAYE Taxpayers 2005 1,958,000 1,238,100...

Written Answers — Tax Collection: Tax Collection (9 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the numbers of total income earners on the income tax records, the corresponding number who are actually liable to income tax and the figures of net receipts from income tax for the years 2006 to 2010 inclusive, are as follows. Numbers of all income earners and income taxpayers and net receipts of income tax...

Written Answers — Tax Yield: Tax Yield (9 Nov 2010)

Brian Lenihan Jnr: The information the Deputy has requested is detailed in the following table. The figures are only available from the Revenue Commissioners on a Net Receipts basis. Revenue Net Receipts differ from Exchequer Receipts due to timing and accounting differences. End-Oct 2010 2009 2008 2007 2006 PAYE Receipts (€m) 6,470 8,488 10,069 10,155 9,389 PAYE receipts are collected as part of income...

Written Answers — Tax Code: Tax Code (9 Nov 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the position is as follows: Mineral oil that is used for the generation of electricity is exempt from Mineral Oil Tax (excise duty on mineral oils), and natural gas used for that purpose is exempt from the Natural Gas Carbon Tax introduced with effect from 1 May 2010. The VAT treatment of natural gas used in the generation of electricity depends...

Written Answers — Customs and Excise: Customs and Excise (9 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 186 and 187 together. I have been informed by the Revenue Commissioners that the Customs Cutters spent seventy days on patrol in the coastal area from Clare to Donegal in the period 1 January 2009 to 31 October 2010. The deployment of Customs Cutters is operationally sensitive and it is not in the interest of anti-smuggling efforts to give advance notification...

Written Answers — Bank Charges: Bank Charges (9 Nov 2010)

Brian Lenihan Jnr: A Stamp Duty on "bills of exchange", which include cheques, has existed for many years. The current rate of Stamp Duty on cheques and drafts is 50 cent, which applies to all bank customers, including pensioners, who use the products. Outside of the use by customers of these products – that is, writing cheques on their own accounts – I am not clear about the Deputy's statement that banks...

Written Answers — Public Sector Staff: Public Sector Staff (9 Nov 2010)

Brian Lenihan Jnr: Across the Civil and Public Service, there are many grades and job descriptions specific to the sector or to the particular Department or public body. I would like to draw the Deputy's attention to the booklet entitled 'Analysis of Exchequer Pay and Pensions Bill 2005-2010' published by my Department in June, 2010 and available on my Department's website. Contained in this booklet is the cost...