Results 81-100 of 9,948 for speaker:Brian Lenihan Jnr in 'Written Answers'

Written Answers — Tax Code: Tax Code (20 Jan 2011)

Brian Lenihan Jnr: I have sought to adopt a pragmatic and balanced approach to this issue. The measures announced in the Budget were targeted solely at passive investors and would restrict the use of and carry forward of capital allowances and limit Section 23 relief to income from the individual Section 23 property. Since the Budget, my officials have been engaged in a consultation process with various...

Written Answers — Tax Collection: Tax Collection (20 Jan 2011)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that the taxpayer, in this case, borrowed money to pay a Capital Gains Tax liability that arose from a disposal that was covered by a contract dated 24 March 2004. At the time the sale was due to close the purchaser withdrew from it and forfeited the deposits paid. Revenue received confirmation that the contract was rescinded on 24 March...

Written Answers — Departmental Staff: Departmental Staff (19 Jan 2011)

Brian Lenihan Jnr: Following recommendations made by the Review Body on Higher Remuneration in the Public Sector, schemes of performance-related awards were formerly applicable to the grades of Deputy Secretary and Assistant Secretary in the civil service. Payments were last made in 2008 in respect of the year 2007. Information on these payments is available in the Report of the Committee for Performance Awards...

Written Answers — Departmental Staff: Departmental Staff (19 Jan 2011)

Brian Lenihan Jnr: Current arrangements provide that 90% and 85% respectively of promotions to the grades of Assistant Principal and Principal in my Department are made on a competitive basis. All promotions that occurred in the period referred to by the Deputy were made in accordance with these arrangements. Appointments to the post of Secretary General of my Department are made by the Government....

Written Answers — Financial Services Regulation: Financial Services Regulation (19 Jan 2011)

Brian Lenihan Jnr: The National Solidarity Bond is one product in the range of State Savings products offered by the National Treasury Management Agency (NTMA) to personal savers through the post office network. The main State Savings products are · Prize Bonds · 3-year Savings Bonds · 51⁄2-year Savings Certificates · 10-year National Solidarity Bond · State Savings Accounts (demand and 30 day notice)...

Written Answers — Pension Provisions: Pension Provisions (19 Jan 2011)

Brian Lenihan Jnr: The following table provides a breakdown of the estimated cost of tax and PRSI reliefs relating to private pension contributions for 2007, the latest year for which the most up-to-date data is available. Figures have been rounded where appropriate. Estimate of the cost of tax and PRSI reliefs on private pension contributions 2007. Estimated costs Numbers* €million Employees'...

Written Answers — Tax Collection: Tax Collection (19 Jan 2011)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they first contacted the person concerned in relation to a tax credit claimed in January 2010. As no reply was received to that correspondence, a further letter was issued on 27 August 2010 explaining that the tax credit under enquiry was being withdrawn. PAYE Balancing Statements (P21) for the tax years 2006-2009 inclusive, issued on the...

Written Answers — Departmental Reports: Departmental Reports (19 Jan 2011)

Brian Lenihan Jnr: As the Deputy is aware, the Report provides a set of recommendations relating to structures, resources and processes in the Department. While a number of recommendations are matters for Government after proper consideration, a significant number relate to working structures, staffing and work practices and can be addressed in the Department. Work on an implementation plan has already...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: The Programme of Financial Support for Ireland provides for financial sector reforms. As part of the agreement with the EC, IMF and EU, the State has agreed to adopt deleveraging measures and to implement restructuring of the banking sector. To this end, a Prudential Liquidity Assessment Review or "PLAR" will establish target funding ratios for each of the banks, identify non core assets and...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (19 Jan 2011)

Brian Lenihan Jnr: Two bids for EBS are currently being considered: one from Irish Life & Permanent and the other from an international consortium led by Cardinal Capital Group. The deadline for receipt of the bids from each party was 17 January 2011 and each party submitted their respective bids by the required deadline. Each bid is now being evaluated with a view to deciding the best strategy for taking the...

Written Answers — Public Service Pay: Public Service Pay (19 Jan 2011)

Brian Lenihan Jnr: The Financial Emergency Measures in the Public Interest (No 2) Act 2009 provides for the reduction in the pay rates of all persons employed by public service bodies, with effect from 1 January 2010. The caretakers and secretaries referred to in the question are deemed to be public servants within the meaning of and for the purposes of the Financial Emergency Measures in the Public Interest...

Written Answers — Consultancy Contracts: Consultancy Contracts (19 Jan 2011)

Brian Lenihan Jnr: The following table sets out the details of the number of contracts to the company in question by public bodies under my remit in each of the past five years (2006 to 2010) and to date in 2011. Body Year Detail National Treasury Management Agency 2009 Following a procurement process, London Economics (which is part of the Indecon Group) was contracted by the NTMA to carry out an...

Written Answers — Local Authority Charges: Local Authority Charges (18 Jan 2011)

Brian Lenihan Jnr: The Valuation Act, 2001 which came into effect on 2nd May, 2002, provides for the revaluation of all commercial and industrial property in the State. The Commissioner of Valuation has sole responsibility for all valuation matters under the Act, which includes the implementation of the revaluation programme. The purpose of revaluation is to bring more equity, fairness and transparency into...

Written Answers — Ministerial Appointments: Ministerial Appointments (18 Jan 2011)

Brian Lenihan Jnr: I have made eleven appointments or reappointments to the Valuation Tribunal since I became Minister for Finance. The names and details of the appointees are as follows – Name Occupation Date Appointed Term ofcurrent appt 1 Fred Devlin *Deputy Chairperson Valuer 4/1/2010 5 years 2 John Kerr *Deputy Chairperson Valuer 4/1/2010 5 years 3 Mairead Hughes * Hotelier 7/9/2008 5 years 4...

Written Answers — Charities Regulation: Charities Regulation (18 Jan 2011)

Brian Lenihan Jnr: My Department makes payments to charities through its administration of the "Scheme of Payments to the Promoters of Certain Charitable Lotteries". The amount of funding provided for the Scheme in 2011 is €6m. Information on payments under the Scheme in previous years is available in the annual Revised Book of Estimates and the annual audited Appropriation Account for the relevant years.

Written Answers — Tax Collection: Tax Collection (18 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that as there is no legislative requirement to provide information along the lines sought by the Deputy, these details are not available.

Written Answers — Pension Provisions: Pension Provisions (18 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that under Revenue rules an employee retiring on ill-health grounds may have his or her retirement benefits paid immediately, in the form of a lump sum and pension, regardless of the employee's age, based on the service record the individual would have had if he or she had continued in service until normal retirement age. The precise benefits payable...

Written Answers — Tax Code: Tax Code (18 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that under EU and domestic VAT rules traders who are registered for VAT collect VAT on the goods and services that they sell. In turn such traders are entitled to recover the VAT they incur on their business inputs used in the purchase or production of goods or delivery of services. VAT is a tax on the value added to a supply and the collection and...

Written Answers — Tax Collection: Tax Collection (18 Jan 2011)

Brian Lenihan Jnr: The position is that the number of tax years for which tax relief is available on the interest paid on qualifying home loans is confined to the first 7 tax years of the mortgage in accordance with the Finance Act 2009. I am advised by the Revenue Commissioners that in this instance, the loan in question was taken out in 2002. The person concerned is no longer entitled to mortgage interest...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (18 Jan 2011)

Brian Lenihan Jnr: The total unguaranteed senior, unsecured debt redeemed by the covered institutions in December 2010 was €935m. I am waiting for information from the Central Bank for October and November 2010 which I will forward on to the Deputy when I receive it. The total unsecured, unguaranteed senior bond debt in the covered institutions due to mature in 2011 is €8.3 billion. Due to...