Results 1,681-1,700 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Budget Submissions: Budget Submissions (12 Oct 2010)

Brian Lenihan Jnr: My view is that creating certainty is of utmost importance; if consumers are clear as to their future income prospects then the need for precautionary saving will be reduced. As it stands there is no doubt that the savings rate is relatively high, thus displaying an element of caution by some in society. As has been previously stated, this Government remains fully committed to bringing the...

Written Answers — Tax Code: Tax Code (12 Oct 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that on the introduction of vehicle registration tax (VRT) on 1 January 1993, there was a requirement for all vehicles to be presented for examination prior to registration. However, by the early years of this decade, the Revenue Commissioners had adopted a risk-based approach to the registration of vehicles, thus eliminating the need for all...

Written Answers — Tax Collection: Tax Collection (12 Oct 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the taxpayer should complete a Form P50 and forward this, with Part 2 & 3 from his form P45, to East & South East Region, PAYE Mail Centre, PO Box 1, Rosslare Harbour, Co Wexford. Form P50 is available on the revenue website – www.revenue.ie. Form P45 is available from the person's employer on cessation of employment.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (12 Oct 2010)

Brian Lenihan Jnr: All retail depositors (including depositors of the named institution) are covered by the Deposit Guarantee Scheme which covers all deposits per person, per institution indefinitely to a maximum of €100,000. Eligible deposits in banks which have joined the Eligible Liabilities Guarantee Scheme are fully guaranteed to the end of December 2010 under that scheme. The Deputy should also note...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Oct 2010)

Brian Lenihan Jnr: In my statement on banking on the 30th of September I set out a number of measures which are intended to reduce uncertainty in relation to the remaining transfers of bank assets to NAMA. The Government has decided after consultation with the Central Bank, the Financial Regulator, the European Commission and the NAMA Board that loans scheduled for transfer from AIB and Bank of Ireland are...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Oct 2010)

Brian Lenihan Jnr: Many of the details sought, by the Deputy, are contained in the bank's published Half Year Financial Report as at end June 2010. The relevant references in the financial statements are contained in the section entitled "Notes to the Interim Financial Statements" at Note numbers 22 and 23 (pages 72 to 80 inclusive) and Note number 26 (pages 82 – 84 inclusive). Some of the data requested is...

Written Answers — Fiscal Policy: Fiscal Policy (12 Oct 2010)

Brian Lenihan Jnr: As the Deputy is aware, I have met with the Minister for Finance and Personnel in Northern Ireland, Sammy Wilson, on a number of occasions, generally on the margins of North South Ministerial Council meetings, and we have discussed matters of mutual interest, including NAMA and the significant economic and public finance challenges facing both jurisdictions. My Department officials also have...

Written Answers — Tax Code: Tax Code (12 Oct 2010)

Brian Lenihan Jnr: The newspaper articles referred to in the question deal with the concerns raised by certain shareholders in a company about aspects of a royalty payment apparently made in respect of a patent. The Deputy raises the issue of possible tax avoidance or evasion. I am not in a position to comment on that aspect or on the tax affairs of the company in question which are confidential to it and the...

Written Answers — Departmental Correspondence: Departmental Correspondence (12 Oct 2010)

Brian Lenihan Jnr: I have met the person to whom the Deputy refers in his question on three occasions since my appointment as a member of the Government in 2007. I met him twice in 2008/2009 to discuss the future of a major employer in the State and I met him once socially this year. I have no record of any other contacts with this person.

Written Answers — Tax Code: Tax Code (12 Oct 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that with regard to vehicle registration tax (VRT), Section 131 of the Finance Act 1992 requires that vehicles used by State residents must be registered in the State. However, there are a number of occasions where an exemption or relief from the payment of VRT tax may apply. One such relief in respect of VRT and VAT, subject to certain conditions,...

Written Answers — Tax Code: Tax Code (12 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that they are not in a position to determine the appropriate tax treatment of the transactions referred to by the Deputy until the full facts and circumstances have been established and made available to them. If any of the milk suppliers involved wishes to obtain clarification of the matter, I suggest he or she arranges for full details of the...

Written Answers — Tax Yield: Tax Yield (12 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest available information is a distribution of personal income derived from income tax returns filed for the income tax year 2008. On this basis, the information requested by the Deputy is set out in the following table.

Written Answers — Tax Code: Tax Code (12 Oct 2010)

Brian Lenihan Jnr: The Commission on Taxation was established in 2008 to carry out a comprehensive review of the tax system. It submitted its report in September 2009. The report has a total of 250 individual recommendations covering income tax, capital, corporation, property and carbon taxes. A comprehensive overview of the Commission's recommendations was prepared by my Department for the Tax Strategy...

Written Answers — National Lottery: National Lottery (12 Oct 2010)

Brian Lenihan Jnr: The National Lottery Licence expires at the end of 2011. A decision has not yet been taken regarding the timing of a process for the award of a new licence.

Written Answers — Departmental Funding: Departmental Funding (7 Oct 2010)

Brian Lenihan Jnr: As the Deputy will be aware, 2011 funding for all Departments will be considered by Government in the context of the ongoing Estimates process. It would be premature to make any comment on such matters in advance of the conclusion of that process.

Written Answers — Tax Collection: Tax Collection (7 Oct 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. End of Take

Written Answers — Proposed Legislation: Proposed Legislation (7 Oct 2010)

Brian Lenihan Jnr: The National Pensions Framework includes a commitment to extend, from next year, the option to invest in an Approved Retirement Fund (ARF) to all members of Defined Contribution occupational pension schemes in respect of the main benefits from those schemes (subject to meeting a specified income requirement). I have also previously confirmed to the Deputy that the Government is aware that...

Written Answers — Departmental Review: Departmental Review (7 Oct 2010)

Brian Lenihan Jnr: It is estimated that the cost of the Independent Review of the Department of Finance will be of the order of €200,000. This will cover all costs associated with the Review, including the payment of the Panel members, travel and accommodation costs incurred by the non-Irish members and the production of their Report in accordance with the terms of reference.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (7 Oct 2010)

Brian Lenihan Jnr: The Deputy will be aware that under Section 3 of the Commissions of Investigation Act 2004, a Commission of Investigation may be established by Government Order, once a draft of the proposed Order and a statement of reasons for establishing the Commission have been laid before the Houses of the Oireachtas and a resolution approving the draft has been passed by each House. A resolution...

Written Answers — Departmental Agencies: Departmental Agencies (7 Oct 2010)

Brian Lenihan Jnr: With regard to the state agencies under the remit of my Department, the table below outlines the remuneration awarded to all board members in respect of the years 2007, 2008, 2009 and to date in 2010. 2007 2008 2009 2010 Central Bank €262,500 €280,001 €277,666 Figures not yet published National Lottery Company €14,000 €14,000 €14,000 (to 30 April 2009); €12,600 w.e.f. 1...