Results 18,021-18,040 of 19,445 for speaker:Brian Cowen

Tax Code. (1 Jun 2005)

Brian Cowen: I do not have information on specific tax issues. However, where capital allowances are sought for purposes which were not contemplated in the provisions of the tax Acts, Revenue challenges them.

Written Answers — Vehicle Registration: Vehicle Registration (31 May 2005)

Brian Cowen: Vehicle registration is a matter for the Revenue Commissioners. I am advised that the current index marks system, for example, D for Dublin, and corresponding placenames, for example, Baile Átha Cliath, for vehicles that are registered in the State was introduced in 1987, based generally on the system of local authority licensing authorities. The Revenue Commissioners have informed me that...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: Stamp duty exists on credit cards to provide Exchequer revenue. The stamp duty on cheques, bills of exchange and promissory notes has existed for many years and, when electronic means of money transfers were subsequently introduced, stamp duty was gradually extended to these products to ensure that the stamp duty from cheques, etc., was not eroded. The current annual rate of stamp duty on...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: The information to which the Deputy refers, which will shortly be added to the relevant information leaflet, is to make it clear that, as is the case with spectacles, the provision and maintenance of contact lenses does not qualify for tax relief. I am informed by the Revenue Commissioners that if, in the absence of the information in the leaflet, a claim had been made it would have been...

Written Answers — Departmental Staff: Departmental Staff (31 May 2005)

Brian Cowen: The Revenue Commissioners have advised that, for the year 2004, the information requested by the Deputy is as follows: number of man-days lost in sick leave, 76,500.51 days; rate per person employed, 11.73 days; percentage of total man hours lost, 4.65%.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I propose to take Questions Nos. 201 and 202 together. I am advised by the Revenue Commissioners that, as taxpayers are not required to provide details of the benefit on the provision by employers of on-site child care facilities in their tax returns, there is no basis on which an estimate of the cost to the Exchequer of this tax exemption, or of the numbers availing of it, can be provided....

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: The VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under the sixth VAT directive, member states may retain the zero rates on goods and services in place on 1 January 1991, but cannot extend the zero rate to new goods and services. The provision of child care facilities does not fall into this category and cannot, therefore,...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: Accelerated capital allowances of 100% are available for child care facilities under section 63 of the Finance Act 2000. Under the normal self-assessment rules, a person seeking to claim capital allowances in respect of a qualifying building would submit their claim on the appropriate tax return form. Claims for this relief are aggregated in tax returns with other claims, such as with...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I am not in favour of introducing double deductions for tax purposes for any area of the tax code. If double deductions were introduced for the specific types of expenditure suggested by the Deputy, this would inevitably give rise to demands for similar treatment for other areas which would give rise to a significant Exchequer cost. As regards the question of such double deductions in...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: It is difficult to estimate a cost for such a proposal which would depend on a number of factors, including take up. There is a need to examine pragmatically what can be done in regard to providing child care support to parents. The introduction of such a scheme would be a matter for consideration in the context of the annual budget and Finance Bill.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I am informed by the Revenue Commissioners that the full year cost to the Exchequer of allowing a tax credit of €10,000 to each family unit with children, irrespective of the numbers of children in the unit, would be in the region of €3,400 million. If the tax credit was confined to taxpayers where both parents are working and to single and widowed parents who are working then the cost...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I am informed by the Revenue Commissioners that the latest relevant information is as follows: Accounting Period Ending Estimated Corporation Tax Paid On Tonnage Tax Profits 2002 (less than €50,000) Negligible 2003 â'¬0.1 million As regards the names of vessels involved, the Revenue Commissioners obligation to observe confidentiality for taxpayers and small...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: Taxpayer confidentiality requires that a Minister for Finance does not reply to a parliamentary question about the tax affairs of an individual or company, other than when the Deputy is asking the question on behalf of the individual or company. In this instance, it is not clear that this is the case and, in the circumstances, I regret I cannot provide the information requested.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I propose to take Questions Nos. 210 to 212, inclusive, together. Claims for the reliefs mentioned in the question are aggregated in tax returns with other claims and do not distinguish between the reliefs claimed in respect of different schemes. Accordingly, the specific information on costs is not currently available. It should be noted that the various relevant capital allowance schemes...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I am advised by the Revenue Commissioners that correspondence dated 17 May was received from the solicitors in this case on 18 May 2005 with regard to the estate of the person concerned. Certification of form CA 24 was completed on 26 May and forwarded to the solicitors in question.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: The full year cost in 2005 of increasing the home carer's tax credit to the same level as the PAYE tax credit is estimated at approximately €59 million per annum.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: I am informed by the Revenue Commissioners that the cost to the Exchequer, estimated by reference to 2005 incomes, of the change mentioned by the Deputy is €190 million in a full year in addition to the full year cost of €233 million for the increases in the value of the tax bands which were announced in the 2005 budget. The estimated cost of indexation is based on indexing the standard...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: The relevant property referred to by the Deputy is set out in section 15 of the Valuation Act 2001 as being a building or part of a building, land or a waterway or a harbour directly occupied by the State, including any land or building occupied by any Department or office of State, the Defence Forces or the Garda Síochána or used as a prison or place of detention. State-occupied property...

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: Section 766 of the Taxes Consolidation Act 1997 provides for a tax credit for companies that carry out research and development. This credit was introduced in the Finance Act 2004. The majority of corporation tax returns associated with 2004 accounting periods are not due for filing until the latter end of 2005 and the information requested is, therefore, not yet available.

Written Answers — Tax Code: Tax Code (31 May 2005)

Brian Cowen: Traders making supplies in the State are obliged to register for VAT where certain turnover thresholds are exceeded or are likely to be exceeded in any continuous period of 12 months. Under EU law, with which Irish VAT law must comply, member states may only increase thresholds in line with inflation. The current thresholds, which were enacted by the Finance Act 1994 with effect from 1 July...