Results 301-320 of 9,948 for in 'Written Answers' speaker:Brian Lenihan Jnr

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (16 Dec 2010)

Brian Lenihan Jnr: The position regarding the payment of bonuses to senior management and staff in the covered institutions since the publication of the CIROC Report in March 2009 is that the legal advice at the time was that pre-existing contracts had to be honoured and bonuses relating to such contracts should be paid. For details of the bonuses paid out by the covered institutions since September 2008 the...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (16 Dec 2010)

Brian Lenihan Jnr: The Deputy will be aware that since the introduction of the Government Guarantee Scheme in September 2008 there have been a number of Government backed initiatives which impact on the operational environment and place specific restrictions and limitations on the covered institutions in relation to the payment of bonuses to their senior management and staff. I refer to the publication of the...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (16 Dec 2010)

Brian Lenihan Jnr: I would point out, to the Deputy that, contrary to public perception, a lot of changes at director level at the covered institutions have taken place. The Government has sought to bring certainty to the operation of the Irish financial system by making progressive changes at board level and implementing other measures such as changes in the manner that new director appointments are now made....

Written Answers — Tax Reliefs: Tax Reliefs (16 Dec 2010)

Brian Lenihan Jnr: Section 473A of the Taxes Consolidation Act 1997 provides income tax relief in respect of the cost of tuition fees paid on behalf of a student who is undertaking 'an approved course' at 'an approved college'. A list of the approved courses and approved colleges can be found on the Revenue website at www.revenue.ie. The maximum limit on tuition fees for each course for the academic year 2010...

Written Answers — Dormant Accounts Fund: Dormant Accounts Fund (16 Dec 2010)

Brian Lenihan Jnr: The Dublin Savings Bank was merged into the Trustee Savings Bank in 1988 and now forms part of Permanent TSB. The merger preceded the Dormant Accounts legislation by more than a decade. The Dormant Accounts Act 2001 established the Dormant Accounts Fund. The Act provided for the first transfer of moneys to the Fund in respect of dormant accounts to be made not later than 30 April 2003....

Written Answers — Public Service Staff: Public Service Staff (16 Dec 2010)

Brian Lenihan Jnr: Information on the numbers employed in the Public service, on a functional classification basis at end 2008, end 2009 and Quarter 3 2010 is presented in the following table. Table 1* 2008 2009 2010 Qtr4 Qtr4 Qtr3 Civil Service 39,313 37,356 36,604 Defence Sector 11,265 10,736 10,397 Education Sector 94,663 92,984 93,253 Health Sector 111,025 109,753 108,801 Justice Sector 15,692...

Written Answers — Fiscal Policy: Fiscal Policy (16 Dec 2010)

Brian Lenihan Jnr: In relation to the first part of the Deputy's question the reply is provided at Annex 1 and sets out the most recent information available as advised by the Revenue Commissioners. The second part of the question relating to tax expenditures that are to be withdrawn over the course of the National Recovery Plan are as set out in Annex 2. The National Recovery Plan provided for a series of...

Written Answers — Tax Reliefs: Tax Reliefs (16 Dec 2010)

Brian Lenihan Jnr: Unfortunately, it was not possible to collate the information required for this answer in the time allowed. I will provide the Deputy with the answer in writing shortly.

Written Answers — Employment Support Services: Employment Support Services (16 Dec 2010)

Brian Lenihan Jnr: A full review of the Business Expansion Scheme (BES) was carried out in 2006. The report can be obtained from the Department of Finance website, at http://www.finance.gov.ie/documents/publications/Reports/BES SCSReport.pdf. This review highlighted the lack of equity capital support for small firms in their start up and early development phases, how vital the scheme had been in the past for...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (16 Dec 2010)

Brian Lenihan Jnr: The Deputy will be aware that directors at the covered institutions, including public interest directors who are nominated by me, are appointed by the respective boards. Accordingly, disclosure of details of their remuneration is covered by various rules and procedures. The guidelines on fees payable to directors are as set out in the report of the Covered Institutions Remuneration...

Written Answers — Tax Reliefs: Tax Reliefs (16 Dec 2010)

Brian Lenihan Jnr: It is assumed that the Deputy is seeking information on the amount of interest on borrowings claimed as a deduction for corporation tax by companies in the property or construction sectors for year 2000 and onwards. As indicated in my reply of 8 December to parliamentary question number 46635/10 information in relation to interest claimed as a deduction is so far available only for the tax...

Written Answers — Tax Reliefs: Tax Reliefs (15 Dec 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 97 and 115 together. I am informed by the Revenue Commissioners that the information given in the table below provides figures of the numbers of companies in Waterford city and county that claimed a tax credit for research and development and the amount of such credits allowed for the years 2004 to 2008 inclusive, the latest year for which this information...

Written Answers — Credit Review Applications: Credit Review Applications (15 Dec 2010)

Brian Lenihan Jnr: The Credit Review Office does not collect details of the geographical distribution of requests to the banks for internal review. The banks provide information on the geographical distribution of SME lending and Mr Trethowan has reported that the geographic data show that there has been no appreciable movement in the percentage share of lending to the various geographic regions since the base...

Written Answers — Tax Code: Tax Code (15 Dec 2010)

Brian Lenihan Jnr: The position is that having an entitlement to a medical card will not exempt an individual from the Universal Social Charge. However, it should be noted that payments from the Department of Social Protection such as job seeker's benefit, job seeker's allowance and the contributory and non-contributory State pension will be exempt from the Universal Social Charge. Therefore, the Universal...

Written Answers — Pension Provisions: Pension Provisions (15 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the ability of a scheme member to withdraw their contributions from an occupational pension scheme is limited to circumstances where the scheme member leaves his or her employment with less than 2 years' qualifying service. Qualifying service normally means 2 years in the pension plan as a member for pension purposes. In such circumstances, and...

Written Answers — Banking Sector: Banking Sector (15 Dec 2010)

Brian Lenihan Jnr: I am advised by AIB that all bonuses were fully provided for and charged against income in the financial year to which they relate. The Bank had originally scheduled the payment of bonuses in the following financial year. As the Deputy will be aware the bonuses to which he refers in his question are not now being paid.

Written Answers — National Lottery Funding: National Lottery Funding (15 Dec 2010)

Brian Lenihan Jnr: The estimated amount of receipts to the Exchequer from the National Lottery in 2011, as published in the White Paper on Receipts and Expenditure, is €235m. Section 5 of the National Lottery Act 1986 provides that the surplus from the National Lottery may be used for the following purposes: sport and other recreation; national culture, including the Irish Language; the arts, within the...

Written Answers — National Lottery Funding: National Lottery Funding (15 Dec 2010)

Brian Lenihan Jnr: Section 5 of the National Lottery Act 1986 provides that the surplus from the National Lottery may be used for the following purposes: sport and other recreation; national culture, including the Irish Language; the arts, within the meaning of the Arts Act 1951; the health of the community; and for such other purposes as the Government may determine. The following additional categories have...

Written Answers — Pension Provisions: Pension Provisions (15 Dec 2010)

Brian Lenihan Jnr: The Government decided not to make an adjustment to the state pension in the Budget. For that reason the public service pension reduction measure is only applied to the occupational element and does not take the State pension into account.

Written Answers — Tax Collection: Tax Collection (15 Dec 2010)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am advised by Revenue that the tax debt in question arose from invalid repayment claims submitted by the person concerned. I am further advised that, due to the failure of the person concerned to respond to Revenue's written demand for payment, the debts have since been referred to the Revenue Sheriff for collection. It is incumbent on the...