Results 1,341-1,360 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 163 and 169 together. I am informed by the Revenue Commissioners that Section 130 of the Finance Act 1992 (as amended by Section 102 of the Finance Act 2010) provided for the introduction, from 1 January 2011, of a revised classification system for the assessment of vehicle registration tax (VRT), which reflects the categories used for classification of...

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: The costs associated with the voting and counting arrangements for the 2007 general election campaign was €14,269,095.99. The costs associated with the voting and counting arrangements associated with the 2009 Dublin South by-election was €212,136.84.

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (2 Nov 2010)

Brian Lenihan Jnr: I wish to reaffirm my Statement of 30 September in relation to the senior debt obligations of Irish financial institutions that these obligations rank equally with deposits and other creditors under Irish law and that I have no plans to change this position. There is no intention to impose losses on holders of senior debt in any credit institution in the State through any legislative...

Written Answers — European Council Meetings: European Council Meetings (2 Nov 2010)

Brian Lenihan Jnr: On June 2nd last, the European Commission published a proposal to amend the existing Regulation governing the activities of Credit Rating Agencies (CRAs). This proposal is currently being examined at Council working group level, as well as within the European Parliament under the co-decision process. The proposal is principally a technical measure to allow the European Securities and Markets...

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, in relation to income tax, there is no specific relief or allowance available to a person returning to the workforce as a self-employed sole trader after being unemployed for over 12 months following redundancy. However, the rules governing the submission of tax returns provide a concession for new business in respect of the first tax year....

Written Answers — Tax Code: Tax Code (2 Nov 2010)

Brian Lenihan Jnr: I assume the Deputy is referring to the income level at which a third rate of income tax of 48% would have to apply in order to raise €5 billion, €10 billion and €15 billion. The position is that it would not be possible to raise yields in the order of magnitude the Deputy has outlined by introducing a third rate of income tax of 48% without restructuring the current rate band system....

Written Answers — Banks Recapitalisation: Banks Recapitalisation (2 Nov 2010)

Brian Lenihan Jnr: The information requested by the Deputy is set out in the table below in respect of each institution. €m Anglo Issue Date Interest Rate €8,300 31 Mar 2010 4.2% €2,000 28 May 2010 4.6% €8,580 23 Aug 2010 5.1% €18,880 INBS €2,600 31 Mar 2010 4.2% EBS €250 17 Jun 2010 5.5% *Will depend on Irish Government 10 year bond yield at time of issue The...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (2 Nov 2010)

Brian Lenihan Jnr: Under the current interest terms, it is estimated that the total interest accruing into 2010 in respect of the Promissory Notes issued to date to Anglo Irish Bank, Irish Nationwide Building Society and Educational Building Society is around €560 million. The appropriate accounting treatment of these Promissory Notes under General Government accounting rules is currently under active...

Written Answers — Black Economy: Black Economy (2 Nov 2010)

Brian Lenihan Jnr: My Department does not produce estimates of the size of the informal economy nor of the estimated loss to the exchequer arising from 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...

Written Answers — National Debt: National Debt (2 Nov 2010)

Brian Lenihan Jnr: The detailed macro-economic and fiscal projections for the period 2011-2014 are currently being revised by my Department in the context of the publication of the Government's Four-Year Plan. Projections for debt servicing interest costs are not currently available for the period beyond 2014. While the up-to-date forecasts are still being finalised, the debt servicing costs previously set out...

Written Answers — Departmental Properties: Departmental Properties (2 Nov 2010)

Brian Lenihan Jnr: The Office of Public Works (OPW) leases 458 properties on behalf of Government Departments/Offices. These properties, which attract a rent exceeding €10K per annum, are currently in use. Table A provides the location details of the properties and Table B schedules the rental costs, by Department/Office, for 2008 and 2009. Table A COUNTY LOCATION NUMBER OF LEASED PROPERTIES AT LOCATION...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of the property related tax relief for the development of hotels is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by companies for the years 2004 to 2008, the latest year for which this information is available. These are set out...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: As Minister for Finance I have responsibility for the scheme of capital allowances introduced to support the construction of student accomodation. My Department is not involved in the payment of grants for the provision of student accommodation. Section 50 Finance Act 1999 introduced a scheme of tax relief for rented residential accommodation for third level students. The relief provided...

Written Answers — Tax Reliefs: Tax Reliefs (2 Nov 2010)

Brian Lenihan Jnr: As Minister for Finance I have responsibility for the scheme of capital allowances introduced to encourage the construction or refurbishment of buildings used as private hospitals. This scheme was introduced in Finance Act 2001 and came into effect in May 2002. Capital allowances are available in respect of capital expenditure incurred on the construction or refurbishment of a building...

Written Answers — National Asset Management Agency: National Asset Management Agency (2 Nov 2010)

Brian Lenihan Jnr: Section 55 of the NAMA Act, 2009 requires NAMA to make a quarterly report to the Minister for Finance within 3 months of the end of the quarter to which the report refers. The first quarterly report for the period ending 31 March 2010, accompanied by quarterly financial statements, was submitted to me within this required timeframe and I laid them before each House of the Oireachtas, as...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (2 Nov 2010)

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

Written Answers — Telecommunications Services: Telecommunications Services (2 Nov 2010)

Brian Lenihan Jnr: On foot of an open EU procurement exercise, my Department put in place a framework for the provision of mobile voice and data services to the entire Irish public service in February 2008. Framework agreements were awarded to three providers - Vodafone, O2, and Meteor. In September 2008, my Department met with Meteor to express its dissatisfaction with Meteor's performance under the...

Written Answers — Tax Yield: Tax Yield (2 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the net receipt of Stamp Duty from conveyances and transfers of residential and non-residential property in 2009 was €329 million. The estimate for the corresponding yield in 2010 is approximately €200 million.

Written Answers — Departmental Expenditure: Departmental Expenditure (2 Nov 2010)

Brian Lenihan Jnr: My Department, in accordance with Government policy has a procurement policy for the acquisition of all ICT products and services. A procurement exercise must be undertaken based on functional requirements for all software, i.e. not a specific technology brand. The evaluation of such a procurement exercise is conducted on as close to a total cost of ownership (TCO) model as possible and at...

Written Answers — Tax Code: Tax Code (2 Nov 2010)

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