Results 221-240 of 9,948 for speaker:Brian Lenihan Jnr in 'Written Answers'

Written Answers — Banking Charges: Banking Charges (12 Jan 2011)

Brian Lenihan Jnr: I refer the Deputy to my answer to Question No. 59 of 7 December 2010. Fees may be charged to retailers by acquiring banks for the use of debit or credit cards. These charges include fees for items such as terminal rental, customer services and dispute resolution services. They are a function of and are determined by the interchange fees set by the payment card schemes for the participating...

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

Brian Lenihan Jnr: For the Deputy's information the person (details supplied) has been in contact with my Department and is being responded to in the normal way. In relation to the second part of the Deputy's question the measures relating to Section 23 relief announced in the Budget were the subject of legal advice.

Written Answers — Banks Recapitalisation: Banks Recapitalisation (12 Jan 2011)

Brian Lenihan Jnr: The table sets out the amount of capital injected by the State into the Irish Banking System to date. The Central Bank has set out the further capital that will be required by AIB, BOI and EBS in order for them to meet a 12% core tier 1 ratio by the end of February 2011 as agreed in the Programme for Financial Support with the IMF, EU and the ECB. Capitalisation of Credit Institutions ...

Written Answers — Departmental Properties: Departmental Properties (12 Jan 2011)

Brian Lenihan Jnr: I propose to take Questions Nos. 257 and 258 together. Government Departments, Offices and Agencies lease premises primarily from the Office of Public Works but also from a range of landlord companies, some of whose loans may have transferred to NAMA. Where a lease has been signed, legally binding contractual obligations clearly come into existence. These obligations cannot unilaterally be...

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Deposit Interest Retention Tax (DIRT) on interest bearing deposits is returned on a twice yearly basis by financial institutions: in October of the tax year in question and the following January. The total value of DIRT due and paid and the total number of DIRT exempt interest bearing accounts is reported to Revenue on the January returns at...

Written Answers — Universal Social Charge: Universal Social Charge (12 Jan 2011)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the costs to the Exchequer, estimated by reference to 2011 incomes, of increasing the proposed thresholds as suggested by the Deputy are set out as follows: · increasing the lower exemption threshold by €100 from €4,004 to €4,104 would cost €0.4 million in 2011 and €0.5 million in a full year. · increasing the middle threshold by...

Written Answers — Universal Social Charge: Universal Social Charge (12 Jan 2011)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the costs to the Exchequer, estimated by reference to 2011 incomes, of reducing the proposed rates as suggested by the Deputy are set out as follows: · reducing the lower USC rate of 2% to 1% would cost €160 million in 2011 and €220 million in a full year. · reducing the 4% rate to 3% would cost would cost €80 million in 2011 and...

Written Answers — Banks Capitalisation: Banks Capitalisation (12 Jan 2011)

Brian Lenihan Jnr: I am advised by the Central Bank that its capital and reserves stand at €1.5 billion (of which €50,790 is subscribed capital, fixed under Section 9 (1) of the Central Bank Act 1942). I am further advised that the Central Bank's total balance sheet stood at €205.45 billion as at 31 December 2010; this is a provisional figure subject to the finalisation of year-end accounts. The Central...

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

Brian Lenihan Jnr: As the Deputy is aware, I announced in Budget 2011 a major reform of the charge to Stamp Duty on residential property transactions, which applies to all instruments executed on or after 8 December 2010. These changes have simplified the system by lowering the rates applicable and abolishing a number of exemptions and reliefs. The changes in rates are as follows: Stamp Duty rates on...

Written Answers — Pension Provisions: Pension Provisions (12 Jan 2011)

Brian Lenihan Jnr: The vast majority of pension schemes in the Civil and Public Service are Defined Benefit (DB) schemes which are funded by the Exchequer on a 'pay-as-you-go' basis. Unless it is required under the Family Law Acts, pension contributions or accrued pension benefits may not be transferred by a Civil or Public Servant to the private sector. On leaving the Civil or Public Service, accrued...

Written Answers — Property Transfers: Property Transfers (12 Jan 2011)

Brian Lenihan Jnr: I am aware that the Chairman of NAMA has recently outlined a range of measures which the Agency is adopting in its drive to ensure that debtors meet their obligations. In return for NAMA's ongoing support, NAMA requests from Debtors significant lifestyle changes, the reversal of asset transfers and the granting to NAMA of legal charges over unencumbered assets. I am informed that three...

Written Answers — Commemorative Events: Commemorative Events (12 Jan 2011)

Brian Lenihan Jnr: The issue of a euro denominated commemorative coin is among the initiatives being considered in relation to the Centenary of the Easter Rising. The Commemorative Programme for the Centenary of the Rising is under development at present at official level and will be progressed with an all party Oireachtas consultation group under the chairmanship of Mr Tony Killeen T.D., Minister for...

Written Answers — National Solidarity Bonds: National Solidarity Bonds (12 Jan 2011)

Brian Lenihan Jnr: In Budget 2010, I announced the Government's intention to launch a 10 year National Solidarity Bond, the purpose of which is to allow citizens an opportunity to invest and provide money to the State to stimulate economic recovery and to assist in the maintenance and creation of employment. The necessary legislative basis was provided in the 2010 Finance Act and the Bond, which was launched on...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners the revenue received from the carbon tax is €246.5 million in 2010. The breakdown by each fuel type between the carbon tax and the estimated VAT is as follows: The revenue will, amongst other things, be used to boost energy efficiency, to support rural transport and to alleviate fuel poverty.

Written Answers — Revenue Correspondence: Revenue Correspondence (12 Jan 2011)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am informed by the Revenue Commissioners that the action it took in this instance followed a failure by the person concerned to engage with Revenue. Revenue has not received any request for assistance from the person concerned. The person concerned should make direct contact now with Revenue with a view to all matters being resolved.

Written Answers — International Monetary Fund: International Monetary Fund (12 Jan 2011)

Brian Lenihan Jnr: IMF lending is denominated in the Fund's unit of account, Special Drawing Rights (SDRs). The SDR comprises a basket of four currencies, Euro, Sterling, the US Dollar and Japanese Yen. The IMF's lending rate is based on the three month floating interest rates for the currencies in the basket. The IMF's interest rate is a floating rate that is linked to the SDR interest rate with some...

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Jan 2011)

Brian Lenihan Jnr: My Department did not incur any such costs during the years 2007-2010.

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Jan 2011)

Brian Lenihan Jnr: I propose to take Questions Nos. 272 and 273 together. The table sets out the total number of mobile telephones paid for and the total costs of paying mobile phone bills by my Department and by public bodies under my remit in each of the past four years (2007 to 2010). In the time available the Office of Public Works was unable to provide the information requested. The information is being...

Written Answers — Public Service Agreement: Public Service Agreement (12 Jan 2011)

Brian Lenihan Jnr: The Public Service Agreement 2010-2014 contains a commitment 'to introduce significantly improved performance management across all Public Service areas, and following the current review, the Performance Management and Development System will be strengthened with promotion and incremental progression linked in all cases to performance and the implementation of appropriate systems to address...

Written Answers — Departmental Expenditure: Departmental Expenditure (12 Jan 2011)

Brian Lenihan Jnr: Primarily the allocation of funds within the Central Bank is a matter for the Bank itself. Full details of the Bank's income and expenditure are set out in its 2009 Annual Report. I have been advised by the Central Bank that for the most recent audited period outturn data for 2010 has yet to be finalised. Prior to the commencement of the Central Bank Reform Act 2010 on 1 October 2010, I...