Results 341-360 of 9,948 for speaker:Brian Lenihan Jnr in 'Written Answers'

Written Answers — National Debt: National Debt (14 Dec 2010)

Brian Lenihan Jnr: The National Treasury Management Agency (NTMA) have advised that at end-2009 the national debt stood at €75.2 billion. Based on the projections for the Exchequer Borrowing Requirement for the years 2010 and 2011, as set out in Budget 2011, the estimate for the level of national debt at end-2010 is approximately €94 billion and is approximately €112 billion at end-2011.

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: It is intended that the necessary legislative changes to give effect to the tax consequences of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010 will be included in the forthcoming Finance Bill. The provisions will have effect for the year of assessment 2011 and will provide the same tax treatment for registered civil partners as for married couples....

Written Answers — Public Sector Pay: Public Sector Pay (14 Dec 2010)

Brian Lenihan Jnr: The 10% reduction announced in the Budget will apply to new entrant public servants with effect from 1 January 2011. Detailed guidelines on the implementation of this measure that will issue shortly, will provide that public servants who leave and subsequently re-enter the public service after a short break in service will not be considered new entrants.

Written Answers — Fiscal Policy: Fiscal Policy (14 Dec 2010)

Brian Lenihan Jnr: As set out in my Budget 2011 speech and summary measures, a "guillotine" provision will ensure that all unused property-based capital allowances and section 23 reliefs are lost after 2014 and an impact assessment will be undertaken into the phased abolition and the "guillotine" provision. This impact assessment will include consideration of how restricted relief carried forward under the...

Written Answers — Fiscal Policy: Fiscal Policy (14 Dec 2010)

Brian Lenihan Jnr: The majority of the International Monetary Fund's (IMF) financial resources are generated by the subscriptions of member states. Each member is assigned a quota, broadly based on its size relative to the world economy. A member's quota determines its maximum financial commitment to the IMF, its voting power, and has a bearing on its access to IMF financing. Quotas are denominated in Special...

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 122 and 123 together. I am informed by the Revenue Commissioners that details of claims for stock relief claimed by farmers are not captured in such a way as to provide a basis for compiling the information requested by the Deputy.

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the available information relates to the exemption of certain earnings of writers, composers and artists in Waterford city and county who made income tax returns for the four income tax years 2005 to 2008, the latest year for which the necessary detailed information is available, and is as follows: Tax Year Number of claimants 2005 30 2006...

Written Answers — Benchmarking Awards: Benchmarking Awards (14 Dec 2010)

Brian Lenihan Jnr: The first Public Service Benchmarking Body was established under the terms of the Programme for Prosperity and Fairness on 19 July 2000. The average award recommended in the report was 8.9%. The total pay and pension costs amounted to approximately €1.2bn. The year-on-year cost was as follows: 2003 €592m 2004 €306m 2005 €166m 2006 €128m The second Public Service Benchmarking Body...

Written Answers — Tax Collection: Tax Collection (14 Dec 2010)

Brian Lenihan Jnr: I have no role in assessing or confirming an individual's tax liability or in making payment arrangements. These are a matter for the Revenue Commissioners. I am advised by the Revenue Commissioners that the person in question is issued with a tax return (Form 12) annually as he is in receipt of owner-occupier relief under the Rural Renewal Scheme. This person incorrectly received a refund...

Written Answers — Personal Earnings: Personal Earnings (14 Dec 2010)

Brian Lenihan Jnr: The information requested, estimated by reference to the income tax year 2010, is set out in the following table. However, because of the Revenue Commissioners' obligation to observe confidentiality in relation to the taxation affairs of individual taxpayers and small groups of taxpayers, the breakdown by income bands requested by the Deputy is not provided in relation to incomes exceeding...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2010)

Brian Lenihan Jnr: I can inform the Deputy that the Office of the Attorney General advised on all aspects of the Financial Emergency Measures in the Public Interest Bill. The public service pension reduction measure is in accordance with the Croke Park Agreement. Section 3 provides that the calculation of public service pensions is not affected. "Nothing in section 2 shall affect the calculation of any...

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: The Stamp Duty reforms as 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 (14 Dec 2010)

Brian Lenihan Jnr: The Department of Finance, the Office of the Revenue Commissioners and independent consultants carried out major detailed reviews of certain tax incentive schemes in 2005. A key recommendation of these reviews was that a cost benefit analysis should be carried out on any proposed future scheme prior to their introduction. A tax incentive scheme for the mid-Shannon region was subsequently...

Written Answers — Tax Code: Tax Code (14 Dec 2010)

Brian Lenihan Jnr: My Department together with the Revenue Commissioners has been engaged in detailed discussions with the Office of the Attorney General in relation to the many complex issues associated with the legacy property relief schemes which continue to cost the Exchequer several hundreds of millions of Euro a year in tax forgone. The measures announced in the Budget are intended to be proportionate...

Written Answers — Dental Practice Incomes: Dental Practice Incomes (14 Dec 2010)

Brian Lenihan Jnr: The operation of the Treatment Benefits Scheme, which includes Dental Benefit, is funded from the Social Insurance Fund and is the responsibility of my colleague Mr Eamon O Cuiv TD, Minister for Social Protection. I am informed by the Department of Social Protection that payments made under the Treatment Benefit Scheme show a drop of 59.8% in 2010 over 2009. However as dental practice...

Written Answers — Tax Statements: Tax Statements (14 Dec 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a PAYE Balancing Statement (P21) for the tax year 2009 will issue to the person concerned shortly.

Written Answers — Property Valuations: Property Valuations (8 Dec 2010)

Brian Lenihan Jnr: I should point out that the Commissioner of Valuation is independent in the exercise of his duties under the Valuation Act 2001 and I, as Minister for Finance, have no function in decisions in this regard. Under section 28 (4) of the Act, a Revision Officer of the Commissioner may carry out a revision of valuation in relation to a particular property only if a material change of...

Written Answers — Tax Code: Tax Code (8 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the person concerned did not pay tax during the years 2006 and 2007. While she did pay tax during the year 2008 no refund is due. For the year 2009 a tax refund is due and will issue shortly to the person concerned.

Written Answers — State Bodies: State Bodies (8 Dec 2010)

Brian Lenihan Jnr: The information requested by the Deputy in relation to bodies under the aegis of my Department is as follows: National Treasury Management Agency With the exception of the Chief Executive, all staff of the National Treasury Management Agency (NTMA) have individual contracts of employment which are negotiated on an individual contract basis by the Agency and are confidential. The remuneration...

Written Answers — Public Private Partnerships: Public Private Partnerships (8 Dec 2010)

Brian Lenihan Jnr: Under the terms of the present delegated sanction arrangements covering capital expenditure, the approval of the Department of Finance must be sought by a line department before it can enter into a new contractual arrangement for a PPP project. That approval process assesses the affordability of the project having regard to agreed financial allocations. In light of the recently agreed...