Results 101-120 of 129 for revert speaker:Michael McGrath

Written Answers — Department of Finance: Tax Code (1 Feb 2024)

Michael McGrath: ...rates that apply in this country are 13.5% and 9%. As the Deputy will be aware the 9% VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5% rate. The 9% rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health...

Written Answers — Department of Finance: Business Supports (7 Mar 2023)

Michael McGrath: ...that a separate scheme will be developed for businesses that use oil and LPG and the Minister for Enterprise Trade and Employment has committed to exploring options for such a scheme and to revert to Government on this matter in due course.

Written Answers — Department of Finance: Tax Code (9 Apr 2024)

Michael McGrath: As the Deputy will be aware the 9 per cent VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5 per cent rate. The 9 per cent rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health restrictions put in place throughout...

Written Answers — Department of Finance: Tax Code (7 Feb 2024)

Michael McGrath: As the Deputy will be aware the 9% VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5% rate. The 9% rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health restrictions put in place throughout the pandemic. The...

Written Answers — Department of Finance: Tax Code (20 Feb 2024)

Michael McGrath: As the Deputy will be aware the 9% VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5% rate. The 9% rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health restrictions put in place throughout the pandemic. The...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Michael McGrath: ...needs to deliver a report on this issue. Before I made a decision on whether to change the policy I would need to see the full information. We have it on record from some banks that changing this provision, or reverting to the original provision in respect of limiting the losses that can be offset against profits, would not impact on their capital position in terms of the State having to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Protected Disclosures (Amendment) Bill 2022: Committee Stage (23 Mar 2022)

Michael McGrath: This amendment is being pursued but it is not the totality of what we are going to do. I will revert to it on Report Stage and add to it. The amendment before us is a retrospective provision. It is a start but it does not capture all the retrospective issues and the examples the Chairman and colleagues have raised. I know that for many people, this is the kernel of the Bill. It is...

Written Answers — Department of Finance: Currency Circulation (20 Feb 2024)

Michael McGrath: ...bodies until the NPS is finalised in 2024. That is to say public bodies should continue to accept cash where they currently do so and not remove this option as they may be subsequently required to revert back to accepting, or facilitating the acceptance of cash. Additionally, on 28 June 2023, the European Commission published a proposal for a Regulation on Legal Tender, which looks at...

Written Answers — Department of Finance: Tax Code (7 Mar 2023)

Michael McGrath: .... The respective costs of extending the 9% VAT rate to the end of August this year would be €212m for hospitality, €61m for accommodation, and €27m for the remaining sectors. However, if accommodation reverted to 13.5% while hospitality was kept at 9% this change would have to apply to all accommodation including B&Bs and small hotels because of the principle of...

Written Answers — Department of Finance: Fiscal Policy (1 Feb 2024)

Michael McGrath: ...of cash by public bodies until the NPS is finalised in 2024. That is to say, public bodies should continue to accept cash where they currently do so and not remove this option as they may be subsequently required to revert back to accepting, or facilitating the acceptance of cash. Additionally, on 28 June 2023, the European Commission published a proposal for a Regulation on Legal Tender,...

Written Answers — Department of Finance: Fiscal Policy (1 Feb 2024)

Michael McGrath: ...of cash by public bodies until the NPS is finalised in 2024. That is to say, public bodies should continue to accept cash where they currently do so and not remove this option as they may be subsequently required to revert back to accepting, or facilitating the acceptance of cash. Additionally, on 28 June 2023, the European Commission published a proposal for a Regulation on Legal Tender,...

Written Answers — Department of Finance: Business Supports (10 Apr 2024)

Michael McGrath: As the Deputy will be aware, the 9 per cent VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5 per cent rate. The 9 per cent rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health restrictions put in place...

Tracker Mortgages: Motion (Resumed) [Private Members] (26 Jan 2017)

Michael McGrath: I move amendment No. 1:To delete all words after “Dáil Éireann” and substitute the following:“notes that:— the wrongful denial of mortgage holders of their right to revert to a tracker rate following a period on a fixed interest rate, or the failure to restore mortgage holders to the correct tracker mortgage rate they were entitled to, has affected...

Written Answers — Department of Finance: Tax Code (21 May 2024)

Michael McGrath: As the Deputy will be aware, the 9 per cent VAT rate was applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5 per cent rate. The 9 per cent rate was introduced on 1 November 2020 in recognition of the fact that the tourism and hospitality sectors were among those most impacted by the public health restrictions put in place...

Small and Medium Enterprises: Motion (Resumed) (26 Nov 2008)

Michael McGrath: ...international wholesale markets have set a different barometer in respect of capital adequacy requirements for institutions to whom they wish to lend. Some economists have pointed out that we will revert to a more traditional banking system in Ireland, whereby banks will rely on the deposits they have on hand rather than accessing credit on the interbank markets. If that were true,...

Financial Institutions' Credit Supply (9 Mar 2010)

Michael McGrath: ...business can go under without an adequate supply of cash flow. The old adage that cash is king was never more true than it is at present. We also must acknowledge that we are not trying to revert back to the days that prevailed at the height of the Celtic tiger boom, where grossly excessive and recklessly irresponsible lending was at the heart of the banking crisis with which we now must...

Financial Resolution No.3: Value-Added Tax (22 Feb 2023)

Michael McGrath: ..., will assist families and businesses in mitigating the impact of increased energy costs. I might speak to the amendments if I get a chance, but I want to deal with the primary resolutions first and I will revert to the amendments if time permits. The second financial resolution provides for an extension of the temporary 9% VAT rate for gas and electricity. This measure was first...

Finance Bill 2023: Second Stage (21 Mar 2023)

Michael McGrath: .... The respective costs of extending the 9% VAT rate to the end of August this year would be €212 million for hospitality, €61 million for accommodation and €27 million for the remaining sectors. If accommodation reverted to 13.5% while hospitality was kept at 9%, however, this change would have to apply to all accommodation, including bed and breakfast accommodation...

Education Cuts: Motion (Resumed) (30 Oct 2008)

Michael McGrath: .... It is disingenuous to suggest that the enormous progress we have achieved since 1997 is being undone in this budget. That is untrue. The staffing schedule changes that have been announced reverts us to the situation that prevailed in the 2006-07 school year. The Minister put it on the record last night, and I do not believe it was a political point, that when the Opposition was last...

Written Answers — Department of Finance: Tax Yield (10 Apr 2024)

Michael McGrath: ..., with the 2024 estimate including an additional €728m from the reintroduction of the 13.5% VAT rate. As the Deputy will be aware, the 9 per cent VAT rate applied on a temporary basis to the hospitality and tourism sectors until 31 August 2023 when it reverted to the 13.5 per cent rate. The 9 per cent rate was introduced on 1 November 2020 in recognition of the fact that the...