Results 13,741-13,760 of 19,445 for speaker:Brian Cowen

Written Answers — Social Welfare Benefits: Social Welfare Benefits (20 Mar 2007)

Brian Cowen: In the normal course of events, the practice is to review various payment support arrangements, such as the Early Childcare Supplement, in the run up to the annual Estimates and Budget, taking account of all relevant factors such as inflation and other changing circumstances.

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: The SSIA scheme was introduced in the 2001 Finance Act and gives a credit to all SSIA investors of 25%, or €1 for every €4 saved. The aim of the SSIA scheme was to encourage savings. This aim has been successfully achieved with over 1.1 million persons availing of the special scheme. The exit tax on matured SSIA accounts is calculated at 23% of the gain or interest earned on the...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (20 Mar 2007)

Brian Cowen: I have been advised by the Revenue Commissioners that the person's application for a tax clearance certificate was received on 2 February 2007. Unfortunately, there was a delay in processing the application and this is very much regretted. The certificate issued on 7 March 2007.

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I am advised by the Revenue Commissioners that the tax implications, where a parent of a first-time buyer is involved in the purchase of a home for the first-time buyer, will depend on the nature of the parent's involvement in the purchase. I will deal with the different taxes in turn. Stamp Duty Where the parent makes a cash gift to a child of all or part of the purchase monies to enable...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I have been advised by the Revenue Commissioners that as the person's tax credits are sufficient to cover the tax due on her total income, she has no liability to tax. Under the provisions of sections 469 of the Taxes Consolidation Act 1997 (relief for health expenses), refunds can only be made in respect of health expenses where there is tax available to repay. As the person in question...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: A person who holds a credit card account with a credit card provider pays stamp duty on that credit card account once for each 12 month period ending on 1 April each year. Where a person cancels a credit card account within a 12 month period he/she pays the charge at the time of cancellation. This means that, in respect of any credit card account, an individual will only pay once for the...

Written Answers — Departmental Expenditure: Departmental Expenditure (20 Mar 2007)

Brian Cowen: The amount paid from my Department's Vote in 2006 in respect of car mileage expenses was €185,327.48; the amount paid to cover rail and bus ticket expenses in the same period was €16,462.78.

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: As the Deputy may be aware, under Section 848A of the Taxes Consolidation Act 1997, tax relief is available on donations to eligible charities and other approved bodies, including bodies which come under the category "Advancement of Education". Any school teaching children with special needs, for example, would be entitled to apply to the Revenue Commissioners for charitable tax exemption....

Written Answers — Departmental Expenditure: Departmental Expenditure (20 Mar 2007)

Brian Cowen: The cost of energy paid by my Department in 2002 was €297,609.00 and the cost for 2006 was €384,243.62. The quantities of energy used are not readily identifiable, as a large element of the Department's energy costs are billed on a shared basis with other departments/offices. The Office of Public Works has invested in an energy monitoring and targeting system which is being rolled out to...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I propose to take Questions Nos. 301 and 303 together. My decision to extend the Business Expansion Scheme (BES) and the Seed Capital Scheme (SCS) was based on a thorough review of the scheme that was carried out by my Department during Summer 2006 in conjunction with the Department of Enterprise, Trade & Employment and the Revenue Commissioners. It included a survey of firms which had...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I am not aware of any difficulties with the way that companies declare their profits for Irish tax purposes. The structure of the Irish tax regime corresponds to the international norm. A company that is resident in the State is taxed on its worldwide income. A company that is not resident in the State but which carries on a trade through a branch or agency in the State is taxed on its...

Written Answers — Departmental Staff: Departmental Staff (20 Mar 2007)

Brian Cowen: The following is the information requested by the Deputy in relation to my Department, and to the Bodies under the aegis of my Department:

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: The Finance Bill 2007 amendment referred to by the Deputy ensured that the supply of fruit juices and vegetable juices continues to be taxable at the standard VAT rate of 21%. Indeed, all fruit juices, soft drinks and bottled water have been subject to the standard rated since 1992. This amendment was necessary following a recent ruling by the Appeal Commissioner that a certain...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I am advised by the Revenue Commissioners that the group as specifically named by the Deputy never held charitable tax exemption. However, a body with an almost identical name, which it is assumed is the intended subject of the Deputy's question, applied for charitable tax exemption in 1993 and 2001. On the first occasion, the application was refused on the basis that the body concerned had...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I wish to advise the Deputy that there are no grants or financial incentives available for adapting diesel cars in order that they can use biofuels. In relation to VAT, the position is that the VAT regime and indeed the rating of all goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. While we can retain the zero rating provisions which were...

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement Form P21 issued to the taxpayer on 5 March 2007.

Written Answers — EU Directives: EU Directives (20 Mar 2007)

Brian Cowen: There are eight EU Directives awaiting either transposition into Irish law, or formal notification of completion of transposition to the European Commission, by my Department at the current time. Directive 2005/60/EC is intended to strengthen legal measures to prevent the use of the financial system for money laundering and terrorist financing. Deadline for transposition is December 2007....

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I have been advised by the Revenue Commissioners that an application for refund of Relevant Contracts Tax was received from the accountant acting on behalf of the taxpayer on 22 January 2007. The accountant instructed Revenue to retain the said amount pending further instructions. Revenue awaits further instructions from the accountant regarding the treatment of the refund.

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: The position is that bodies supplying educational services and non-profit organisations are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the services they provide and cannot recover VAT incurred on goods and services that they purchase. Essentially only VAT registered businesses which charge VAT are able to recover VAT.

Written Answers — Tax Code: Tax Code (20 Mar 2007)

Brian Cowen: I am advised by the Revenue Commissioners that the Capital Gains Tax (CGT) Acts do not contain provisions which allow for stocks and shares held in a trust, in the circumstances outlined, to be sold free of CGT. The transfer of the stocks and shares into a trust is treated, for CGT purposes, as a disposal by the owner at market value. The resultant gain or loss is computed by reference to...