Results 361-380 of 9,948 for speaker:Brian Lenihan Jnr in 'Written Answers'

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

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a refund of stamp duty under the relief available for transfers to young trained farmers can be granted where the purchasers meet, in full, the qualifications and conditions set down in Section 81A(8) Stamp Duties Consolidation Act 1999. As both of the purchasers did not meet these conditions in full and as they were not spouses at the...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that interest is allowed in computing trading profits or losses, including profits or losses arising in a construction or property development trade, to the extent that it is incurred wholly and exclusively for the purposes of the trade involved. As with other trading deductions, interest is allowable based on accounting principles and where an...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the relevant information available is in respect of the estimated cost of mortgage interest relief on borrowings for the purchase, repair, development or improvement of a principal private residence and also for interest on borrowings used in the purchase, improvement or repair of a rental property. The available information is set out in the...

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

Brian Lenihan Jnr: As outlined in my previous response the vehicle that is the subject of this question was granted a permanent exemption from the payment of VRT in November 2010 under Section 134 (1)(a) of the Finance Act 1992. The exemption was granted to the registered owner of the vehicle and, accordingly, under the conditions detailed in Regulation 4(6) of Statutory Instrument No. 59 of 1993, the...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the cost to the Exchequer of applying the Farmers Flat Rate refund scheme is tentatively estimated as follows: Year €m 2006 195 2007 209 2008 229 2009 244 2010 180 The figures of aggregated VAT refunds made to VAT unregistered farmers under the VAT (Refund of Tax) (No. 25) Order 1993 in respect of capital investments and certain...

Written Answers — Election Management System: Election Management System (7 Dec 2010)

Brian Lenihan Jnr: Under the Electoral Acts, the Minister for Finance indicates a time when, and the manner and form in which, accounts are to be rendered to him after an election. Returning Officers are required to finalise their accounts not later than 6 months after an election. In the case of Donegal South-West, this would not be until 25th May 2011 at the latest. Therefore, it will not be possible to give...

Written Answers — Public Sector Staff: Public Sector Staff (7 Dec 2010)

Brian Lenihan Jnr: Under the Central Bank of Ireland Act 1942 (as amended), the employment of staff in the Central Bank is a matter solely for the Central Bank Commission and the Governor and is not a matter in which I have a role. However, I have been informed by the Central Bank that the total number of staff taken on by the Irish Financial Services Regulatory Authority or the Central Bank to work on...

Written Answers — Departmental Staff: Departmental Staff (7 Dec 2010)

Brian Lenihan Jnr: Since my appointment as Minister for Finance on 7 May 2008 the relevant staffing details are as follows: Name Title Salary Range Duties Pension Arrangements Alan Ahearne Special Adviser €88,490 -€109,455 Any duties which may be assigned to him from time to time as appropriate to the position of Special Advisor as set out in Section 11 of the Public Service Management Act 1997. No...

Written Answers — National Lottery: National Lottery (7 Dec 2010)

Brian Lenihan Jnr: The National Lottery Act 1986 provides that the surplus generated by the National Lottery be transferred to the Exchequer. The surplus is the total income from lottery sales after deduction of prizes and allowable costs. The surplus for each of the years 2007 to 2009 is as follows: 2007 €245m 2008 €268m 2009 €264m Section 5 of the National Lottery Act 1986 provides that the...

Written Answers — Public Building Projects: Public Building Projects (7 Dec 2010)

Brian Lenihan Jnr: Under the Public Works Contracts, a State contracting authority is contractually obliged to pay the main contractor in respect of work done. If a main contractor goes into liquidation before a State body has fully paid for work done then Company Law dictates that the debt is still due but is payable to the liquidator, who has specific obligations under Company Law about how to handle the...

Written Answers — Public Building Projects: Public Building Projects (7 Dec 2010)

Brian Lenihan Jnr: The information sought by the Deputy is held by the individual contracting authorities concerned. They are not currently required to pass this information to the Department of Finance. I will seek to have the data compiled and communicated as soon as may be to the Deputy.

Written Answers — Tax Code: Tax Code (7 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that there is currently no outstanding PAYE refund on record for the person in question. If the person in question requires further information they can contact Phil Reid in the Kilkenny Revenue office at 056 7783778.

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (7 Dec 2010)

Brian Lenihan Jnr: A guarantee has been provided for the Off-Balance Sheet (OBS)/ derivative exposures of Anglo Irish Bank. This includes foreign exchange instruments, interest rate instruments and other hedging arrangements. Anglo is the only institution that has availed of such a guarantee. As with all banks, Anglo Irish Bank is exposed to a number of risks and uncertainties in the normal course of its...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (7 Dec 2010)

Brian Lenihan Jnr: Information provided by the covered institutions in respect of covered liabilities guaranteed under CIFS related to senior unsecured debt in aggregate, a category that comprised medium-term notes and other senior debt such as commercial paper and certificates of deposits. The total amount of senior unsecured debt as at 30 September 2008 was in the region of €124 billion. A further €12...

Written Answers — Debt Card Charges: Debt Card Charges (7 Dec 2010)

Brian Lenihan Jnr: I understand the Deputy is referring to charges imposed on merchants by acquirers (in point-of-sale transactions, the entity (usually a bank) to which the acceptor (usually a merchant) transmits the information necessary in order to process the card payment) for the use of debit cards at the point of sale which are issued by certain international card schemes, and not the fees currently being...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (7 Dec 2010)

Brian Lenihan Jnr: The figures for the amounts of bonds outstanding in the Irish banking sector have not been published by the Department of Finance owing to market sensitivities and this response should not be taken as endorsing the figures quoted in the report. The main reason that bonds are not guaranteed under the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (the "ELG Scheme") is that...

Written Answers — Industrial Disputes: Industrial Disputes (7 Dec 2010)

Brian Lenihan Jnr: I am pleased to inform the Deputy that there is no industrial action, including work to rule presently being engaged in by staff of my Department.

Written Answers — Croke Park Agreement: Croke Park Agreement (7 Dec 2010)

Brian Lenihan Jnr: I am happy that the approach adopted in answering the question was appropriate. I answered the Parliamentary Questions tabled on behalf of fellow Ministers in relation to the Croke Park Agreement as my Department prepared the overall Civil Service and State Agency Action Plan, the contents of which apply to all Departments. This plan was based upon the action plans submitted by each...

Written Answers — Tax Code: Tax Code (2 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that Section 134 (1)(a) of the Finance Act 1992 provides that a vehicle may be registered without the payment of vehicle registration tax (VRT), if the vehicle is "the personal property of a private individual and is being brought permanently into the State by the individual when he is transferring his normal residence from a place outside the State...

Written Answers — Public Sector Staff: Public Sector Staff (2 Dec 2010)

Brian Lenihan Jnr: As is customary, I do not propose to comment in advance of the Budget on any matters that might be the subject of Budget decisions.