Results 201-220 of 9,948 for speaker:Brian Lenihan Jnr in 'Written Answers'

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: The Review Group is currently finalising its Report but may need to undertake some further limited consultation before doing so. I expect to receive the Report thereafter in due course.

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: I established the Review Group on State Assets and Liabilities in July, 2010 to advise me on how the assets can be better used or disposed of to support economic growth and national investment priorities. The International Monetary Fund had no role in the establishment of the Group.

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: The financial assistance programme agreed recently with International Monetary Fund and the EU Commission, in liaison with the ECB, is governed by a detailed Memorandum of Understanding which sets out specific milestones that must be met before funds are draw down. The Memorandum of Understanding provides, inter alia, that an independent assessment of Ireland's electricity and gas sectors...

Written Answers — State Assets: State Assets (12 Jan 2011)

Brian Lenihan Jnr: Given the current financial condition of the State, it would be negligent not to examine all reasonable ways in the public interest to reduce the State's indebtedness, including through the sale of certain State assets. The issues raised in the Deputy's question will naturally be considered and weighed in the balance when decisions are made by Government on the continued ownership or...

Written Answers — Tax Reliefs: Tax Reliefs (12 Jan 2011)

Brian Lenihan Jnr: I presume the Deputy is referring to the The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme. The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and VRT (up to certain limit) on the purchase of a car adapted for the transport of a person with specific severe and permanent physical disabilities, to those who meet certain...

Written Answers — Insurance Industry: Insurance Industry (12 Jan 2011)

Brian Lenihan Jnr: At the outset the Deputy will appreciate that owing to considerations of commercial confidentiality it would not be appropriate for me in my role as Minister for Finance to make any comment on the participation of any party in relation to the sale of Quinn Insurance Limited (QIL). Responsibility for the sales process is a matter for the Joint Administrators who were appointed by the High...

Written Answers — Mortgage Arrears: Mortgage Arrears (12 Jan 2011)

Brian Lenihan Jnr: I propose to take Questions Nos. 238 and 239 together. The Deputy will be aware that the Mortgage Arrears and Personal Debt Expert Group (Expert Group) have now completed their work having submitted an Interim Report to me on 5th July 2010 and their Final Report on 16th November 2010. Both Reports were brought before Government. The Expert Group's Reports are available at www.finance.gov.ie...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: Section 82 TCA 1997 provides that certain pre-trading expenses of a trade or profession are allowable in calculating the trading income of that trade or profession once it commenced. The relief applies to trades or professions, whether incorporated or not, which commenced on or after 22 January 1997. A deduction is only available for pre-trading expenditure in computing income under Cases I...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the review for 2006 was issued in error. The person's record has been adjusted to cancel the underpayment and a revised certificate of tax credits and standard rate cut-off point for 2011 will issue to the person shortly to cancel the recovery of the underpayment.

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I announced in the Budget that the necessary arrangements are being made to ensure that bets placed on the internet by domestic punters are subject to the same level of betting duty as applies to high street betting shops. This will serve to broaden the tax base and increase betting duty receipts. It is the Government's intention to include provisions in the Finance Bill and to revise the...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: The carbon tax was applied to transport fuels, petrol and auto-diesel, from December 10, 2009. From 1 May 2010, the carbon tax was applied to kerosene, marked gas oil (also known as 'green diesel' or 'agricultural diesel'), liquid petroleum gas (LPG), fuel oil and natural gas. The third and final phase involves the application of the tax to coal and commercial peat, which is subject to a...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they are contacting the taxpayer's employer for the details necessary to carry out reviews. The taxpayer's liability will be reviewed on receipt of the required details and any tax overpaid will be refunded.

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the institution that their policy for encashment of all sterling cheques – pension and non pension - is that a hold is placed on the cheque for 20 working days. The above number of days has been set to ensure there is a fair period where the Bank/customer is protected from 'unpaid' items and that the customer is not inordinately penalised by not having access to the funds...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the individuals in question are a single male and a single female residing at the same address. The position is that there is no provision within the Tax Acts to allow for the transfer of tax credits from one individual to another in these circumstances.

Written Answers — Tax Reliefs: Tax Reliefs (12 Jan 2011)

Brian Lenihan Jnr: Tax relief for Energy Efficiency Measures (REEM) was announced in the Budget and will be introduced in the forthcoming Finance Bill. It is intended that the relief will encourage individuals to invest in a range of works aimed at making their homes more energy efficient. The incentive will complement the grant aid that is available through various schemes currently operated by the Sustainable...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that they met with the taxpayer in question on the 21 December 2010 and that an agreement has been reached to the satisfaction of the taxpayer.

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the tax affairs of any individual/business are a confidential matter between that individual/business and the Revenue Commissioners. Accordingly, no details of compliance with statutory taxation requirements can be supplied to any third party, other than the authorized tax advisor, without the express approval of the individual/business. In...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: The Stamp Duty reforms announced in the Budget have two aims: stimulation of the property market and commencing the necessary infrastructure for the commitment in the National Recovery Plan to introduce a Site Value Tax. As a result of the changes, Stamp Duty at a rate of 1% where the property value is under €1m and 2% on the excess above €1m, will now be payable on all residential...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: Section 83A of the Stamp Duties Consolidation Act 1999 provides for an exemption from Stamp Duty where a parent transfers a site to a child to enable the child construct a dwelling house for use as his or her only or main residence. The value of the site must not exceed €500,000 and the size of the site must not exceed 1 acre (excluding the area of the house). As the Deputy is aware, I...

Written Answers — Tax Code: Tax Code (12 Jan 2011)

Brian Lenihan Jnr: As I announced in the recent Budget, the Business Expansion Scheme (BES) will be replaced by the new Employment and Investment Incentive (EII) once the approval of the European Commission has been received. Under the new incentive, the lifetime limit that can be raised by companies will be increased from €2 million to €10 million, and the amount that can be raised in any twelve month...