Results 1,701-1,720 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (7 Oct 2010)

Brian Lenihan Jnr: The various banking interventions by the Government since the introduction of the State guarantee for the domestic banking system in 2008 have served to protect the banking system and to avoid even greater financial and indeed other costs, for the public which would otherwise have occurred. A failure to meet the bank capital requirements could have resulted in bank failures and an even...

Written Answers — Public Procurement: Public Procurement (7 Oct 2010)

Brian Lenihan Jnr: There are no requirements for a minimum average turnover, in order to qualify for the award of contracts, in either the EU Directives or Statutory Instruments mentioned. The general rule is that any financial capacity levels required must be relevant and proportionate to the needs of the contract. My Department recently issued new guidelines to public bodies which are aimed at facilitating...

Written Answers — Fiscal Policy: Fiscal Policy (7 Oct 2010)

Brian Lenihan Jnr: There are two principal measures of government debt. The National Debt is the total outstanding amount of principal borrowed by Central Government and not repaid to date less liquid assets available for redemption of those liabilities at the same date. The General Government Debt (GGD) is the standard measurement of gross indebtedness used for comparative purposes within the EU. It also...

Written Answers — Cycle to Work Scheme: Cycle to Work Scheme (6 Oct 2010)

Brian Lenihan Jnr: The cycle to work scheme came into operation on 1 January 2009. With a view to keeping the scheme simple and reducing administration on the part of employers, there is no notification procedure for employers involved. Accordingly, the Revenue Commissioners do not have statistics on the uptake of the scheme. The scheme operates on a self-administration basis, and relief is automatically...

Written Answers — Asset Transfers: Asset Transfers (6 Oct 2010)

Brian Lenihan Jnr: As the Deputy will appreciate, this matter relates to a specific individual as such I am obliged to respect all clients' confidential relationships with their respective banks. The Deputy will be aware that the financial affairs of the individual referred to are currently subject to court proceedings and as such it would not be appropriate for me to make any further comment on the matter....

Written Answers — Pension Provisions: Pension Provisions (6 Oct 2010)

Brian Lenihan Jnr: The Office of the Paymaster General, which is part of my Department, pays pensions to retired Civil Servants as well as Ministerial, Judicial and other former office holders. The highest paid public sector pensioners in each of the public bodies under the remit of my Department and whose pensions are not paid by the Office of the Paymaster General are as follows: €88,000 (IPA), €205,043...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (6 Oct 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement P21 for the year 2009 issued to the person concerned on 15 January 2010. A copy of this balancing statement will issue to the person concerned shortly.

Written Answers — Irish Language: Irish Language (6 Oct 2010)

Brian Lenihan Jnr: The amount of funding and the number of public servants that received Irish language training courses by my Department is as shown on the table below. Year 2009 2010 Funding 136,428 89,493 Number Trained 832 573

Written Answers — Bond Values: Bond Values (6 Oct 2010)

Brian Lenihan Jnr: Monitoring of funding is principally a matter for the Central Bank. While funding arrangements would not normally be disclosed other than by the covered institutions in public announcements, I have requested the Central Bank to brief the Opposition and give it whatever information it can on bond redemptions by the covered institutions.

Written Answers — Price Inflation: Price Inflation (6 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the annual increases in the retail price category of the most popular price category of 20 filter tipped cigarettes since 2006, together with the requested breakdown, are shown in the table below. All figures are shown in cents. Tobacco 20 cigarettes Budget changes and trade increases: Effect on retail prices (expressed in cents) MPPC*...

Departmental Expenditure (6 Oct 2010)

Brian Lenihan Jnr: Last June.

Written Answers — Tax Code: Tax Code (5 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that in the case of domestic employments - which may include nannies, carers and au pairs - where the payments made to the employee are less than €40 per week, then, provided the employer has only one such employee, he or she need not register as an employer and there is no obligation on the employer to deduct PAYE, PRSI/health contributions or...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (5 Oct 2010)

Brian Lenihan Jnr: The Government has already established a comprehensive framework of investigation into the issues that arose in the Irish banking sector, as set out by me in the Oireachtas on 19 January 2010. As the first stage of this process, two preliminary reports, prepared by international experts Mr Klaus Regling and Mr Max Watson and by the Governor of the Central Bank, and published in June 2010,...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (5 Oct 2010)

Brian Lenihan Jnr: S.I. 127 of 2010 which established the Credit Review Office fixed the upper limit for reviews at €250,000. When the S.I. was being prepared, it was considered desirable to set a limit to the amount of a credit facility which could be reviewed so that banks were not faced with unlimited exposure to review. The fact that borrowers seeking larger facilities will usually have a better...

Written Answers — Tax Yield: Tax Yield (5 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that up to the end of September 2010 the yield from the air travel tax received in 2010 is €78.4 million.

Written Answers — Tax Code: Tax Code (5 Oct 2010)

Brian Lenihan Jnr: Same-sex couples who are registered for civil partnership will be treated the same as married couples under tax law. It is envisaged that the necessary changes to the Tax Acts will take place in the next Finance Bill.

Written Answers — Job Creation: Job Creation (5 Oct 2010)

Brian Lenihan Jnr: Based on data provided by the implementing Departments and Agencies, a profile of estimated employment to be created or sustained through the public capital programme is provided on page 107 of the Infrastructure Investment Priorities 2010-2016 report. This suggests that the public capital programme will create or sustain between 55,000 and 75,000 jobs per annum over the period of the plan....

Written Answers — Medical Cards: Medical Cards (5 Oct 2010)

Brian Lenihan Jnr: Section 531B(2)(b) of the Taxes Consolidation Act 1997 provides that a person who has eligibility to a full medical card will have an exemption from the Income Levy for that year of assessment. Revenue have published Frequently Asked Questions to provide further clarification in this regard by stating that where a person had eligibility to a full medical card at any time during the year of...

Written Answers — Pension Provisions: Pension Provisions (5 Oct 2010)

Brian Lenihan Jnr: The Deputy is referring to elements of the flexible options on retirement introduced in the 1999 Finance Act which allow certain categories of individual considerable flexibility and freedom in relation to the drawing down of benefits from their pension plans. Previously, such individuals would have been required to purchase an annuity with the pension fund moneys remaining after the...

Written Answers — Cycle to Work Scheme: Cycle to Work Scheme (5 Oct 2010)

Brian Lenihan Jnr: The cycle to work scheme is a tax incentive aimed at encouraging employees to cycle to work. It provides for an exemption from a benefit-in-kind charge in circumstances where an employer provides a director or employee with a bicycle and/or associated bicycle safety equipment where they will be used mainly for qualifying journeys, being journeys between home and place of work or between two...