Results 14,141-14,160 of 19,445 for speaker:Brian Cowen

Written Answers — Tax Code: Tax Code (6 Feb 2007)

Brian Cowen: I should explain that Directive 2006/112/EC is a recast of the EU VAT Directives which replaces and repeals the First VAT Directive and the Sixth VAT Directive. There are no substantive changes to Irish VAT law arising from the recast of these EU VAT Directives, as the objective of the recast is to provide a single simplified legislative base. In this regard, I made Regulations last December...

Written Answers — Motor Taxation: Motor Taxation (6 Feb 2007)

Brian Cowen: Generally, the amount of VRT to be paid on a kit-car is determined by the Revenue Commissioners and is comparable to the amount payable in respect of a conventional car of the same size and specification. I understand that a specialist consultant is engaged by the Revenue Commissioners to assist in this determination. It is ascertained by reference to the type of kit used in the manufacture...

Written Answers — Tax Code: Tax Code (6 Feb 2007)

Brian Cowen: Interest on borrowings is allowable as a deductible expense in calculating tax on rental income from residential property. Figures of loan interest allowable on borrowings taken out for investment in house property are not separately identified in tax statistics, and it is not therefore possible for the Revenue Commissioners to provide the information requested by the Deputy in relation to...

Written Answers — Dormant Accounts Fund: Dormant Accounts Fund (6 Feb 2007)

Brian Cowen: Under the Dormant Accounts Act 2001 and the Unclaimed Life Assurance Policies Act 2003, credit institutions and insurance undertakings are required, each April, to transfer to the National Treasury Management Agency, all monies falling dormant in the previous year. Each credit institution and insurance undertaking is also required under the legislation to keep a register of their dormant...

Written Answers — Departmental Expenditure: Departmental Expenditure (6 Feb 2007)

Brian Cowen: The National Development Plan (NDP) 2007-2013 was launched by the Government on the 23rd of January, 2007 in Dublin Castle. At the present time not all of the invoices for the various services related to the production of the document and for the launch have been received. However, it is estimated that the total cost of the production of the NDP document and of the launch was some €340,000....

Written Answers — Tax Collection: Tax Collection (6 Feb 2007)

Brian Cowen: I am advised by the Revenue Commissioners that the person's claim was received by them on 5 December 2006. The claim has now been processed and a cheque for the refund due will issue shortly.

Written Answers — Tax Collection: Tax Collection (6 Feb 2007)

Brian Cowen: I propose to take Questions Nos. 276 and 277 together. Section 473 of the Taxes Consolidation Act 1997 allows income tax relief at the standard rate for rent paid in respect of a residential premises held under a tenancy. Different ceilings apply depending on the marital status and age of the claimant. The relief applies where there is a payment in the nature of rent made in return for the...

Written Answers — Tax Code: Tax Code (6 Feb 2007)

Brian Cowen: The 'Rent-a-Room' scheme affords relief from income tax in respect of gross receipts of up to €7,620 per annum from the letting by an individual of a room or rooms in the individual's sole or main residence. I announced in Budget 2007 that, from 1 January 2007, I intended to close off use of the scheme in the way described by the Deputy. Accordingly, the Finance Bill 2007 provides that the...

Written Answers — Official Travel: Official Travel (6 Feb 2007)

Brian Cowen: I made three official trips by commercial airline during 2006. Details of these are set out in the following table. Date of outward Journey Date of Return Journey Route Travelled Destination 10/03/2006 21/03/2006 Dublin — London Heathrow — Hong Kong — Sydney — Hong Kong — London Heathrow — Dublin Australia 30/05/2006 31/05/2006 Dublin — Knock — Dublin Knock 09/10/2006...

Written Answers — Tax Code: Tax Code (6 Feb 2007)

Brian Cowen: I should explain that not-for-profit organisations are exempt from VAT under the EU VAT Directive with which Irish law must comply. This means that non-profit making organisations do not charge VAT on their services and cannot recover VAT on goods and services which they purchase. Essentially only VAT registered businesses which charge VAT are able to recover VAT. The VAT Act lists a range of...

Written Answers — Consultancy Contracts: Consultancy Contracts (6 Feb 2007)

Brian Cowen: The following table sets out details of contracts awarded by my Department to the company, referred to in the Deputy's question, for the period 2000 to 2006. All of these contracts were properly advertised and awarded in a transparent manner. I have asked the relevant bodies under my Department for details of any contracts awarded to this company during the period 2000 to 2006, and on receipt...

Finance Bill 2007: Second Stage (6 Feb 2007)

Brian Cowen: A stud recycling scheme.

Finance Bill 2007: Second Stage (6 Feb 2007)

Brian Cowen: They are excluded.

Finance Bill 2007: Order for Second Stage. (6 Feb 2007)

Brian Cowen: I move: "That Second Stage be taken now."

Finance Bill 2007: Second Stage (6 Feb 2007)

Brian Cowen: I move: "That the Bill be now read a Second Time." I am glad to introduce this, my third, Finance Bill to the House. In my first Bill I concentrated on reducing the tax burden on low and middle earners. In my second Bill I reformed and refocused the structure of investment tax reliefs and set a minimum tax which the well-off must pay. In this Bill I seek to ensure the benefit of strong...

Finance Bill 2007: Second Stage (6 Feb 2007)

Brian Cowen: Deputy Bruton is the Nicholas Nickleby of Ireland.

Written Answers — Tax Code: Tax Code (1 Feb 2007)

Brian Cowen: I am informed by the Revenue Commissioners that the original statement of pay and tax 2005 (P21) was issued to the taxpayer on 6 September 2006. I am also informed that Revenue arranged for a duplicate to be sent to the taxpayer on 10 January 2007.

Written Answers — Departmental Correspondence: Departmental Correspondence (1 Feb 2007)

Brian Cowen: I have been advised by the Revenue Commissioners that they have received correspondence in relation to the above matter from the taxpayer's agent and that the issue raised by the agent has been reviewed by the Revenue District dealing with the case. A reply will issue to the agent within the next few days.

Written Answers — Tax Code: Tax Code (1 Feb 2007)

Brian Cowen: The position is that disability benefit is a taxable source of income and therefore forms part of total income for tax purposes. I am informed by the Revenue Commissioners that in the case referred to, the taxpayer's liability on his disability benefit is being collected on a weekly basis by his employer by way of reduction of his tax credits. In order to determine if the correct tax...

Written Answers — Tax Code: Tax Code (1 Feb 2007)

Brian Cowen: As previously indicated to the Deputy in this regard, the State provides a wide range of support mechanisms for children with regard to their welfare, health and education, including the universal payment of Child Benefit and, the early Child care Supplement. Apart from the incapacitated child tax credit, the tax code does not provide tax relief in respect of the maintenance of children....