Results 21-40 of 129 for revert speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Michael McGrath: ...available. This is heavily caveated because there are unknowns and there are questions that we cannot answer at this time. We will go back to the estimate that was made back in 2020 and revert to the committee in relation to that.

Written Answers — Department of Finance: Budget 2024 (18 Oct 2023)

Michael McGrath: ...introduced in July 2011 and again in November 2020 for the tourism and hospitality sectors included certain printed matter such as brochures, maps, and programmes. Consequently, when this VAT rate reverted to the 13.5% rate from 1 September 2023, it also changed the VAT rates on maps in printed form to this higher rate. A 9% VAT rate has applied on a permanent basis to all electronic...

Written Answers — Department of Finance: European Court of Justice (11 Oct 2023)

Michael McGrath: It has not been possible in the time available to compile the information sought in the Deputy's PQ. My officials will revert in writing to the Deputy when this is prepared.

Written Answers — Department of Finance: Tax Code (10 Oct 2023)

Michael McGrath: ...to pay tax based on the average of five years’ farming profits and losses. If a farmer opts in to averaging, they must remain within the averaging scheme for a minimum of five years. If they revert to the normal basis of assessment, a review will be done. However, a farmer may also elect to temporarily step-out of averaging for a single year. The Financial Provisions (Covid-19)...

Written Answers — Department of Finance: Tax Code (5 Oct 2023)

Michael McGrath: ...Nos. 209 and 210 together. As the Deputy will recall, I extended the 9% VAT rate for the tourism and hospitality sectors to 31 August 2023 from the previous end date of 28 February 2023. It reverted to the 13.5% VAT rate on 1 September 2023. The estimated cost of the final extension of the measure is €300m. This extension struck a balance between the cost to public finances and...

Written Answers — Department of Finance: Proposed Legislation (4 Oct 2023)

Michael McGrath: It has not been possible in the time available to compile an updated list of the information sought in the Deputy's PQ. My officials will revert in writing to the Deputy when this is prepared.

Written Answers — Department of Finance: Tax Code (26 Sep 2023)

Michael McGrath: ...the Deputy will recall, I extended the 9% VAT rate which applied for the tourism, hospitality and hairdressing sectors to 31 August 2023 from the previous end date of 28 February 2023. The VAT rate reverted to the 13.5% VAT rate on 1 September 2023. It is not intended to reintroduce this 9% reduced VAT rate at this time. As you may know, officials from my Department compiled a...

Written Answers — Department of Finance: Tax Code (5 Jul 2023)

Michael McGrath: As the Deputy will recall, I extended the 9% VAT rate for the tourism and hospitality sectors to 31 August 2023 from the previous end date of 28 February 2023. It will revert to the 13.5% VAT rate on 1 September 2023. The estimated cost of this measure is €300m. This extension strikes a balance between the cost to public finances and the provision of support for these sectors. It...

Written Answers — Department of Finance: Tax Code (4 Jul 2023)

Michael McGrath: ...pre-Budget process. As the Deputy will recall, I extended the 9% VAT rate for the tourism and hospitality sectors to 31 August 2023 from the previous end date of 28 February 2023. It will revert to the 13.5% VAT rate on 1 September 2023. The estimated cost of this measure is €300m. This extension strikes a balance between the cost to public finances and the provision of...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: While I do not have a specific update on the primary care centre for Tullow or the minor injuries unit, I will ask the Minister, Deputy Stephen Donnelly, to revert to Deputy Murnane O'Connor. We want to see the primary care centre developed quickly because we know the role played by such centres all over the country in reducing pressure on the acute hospital system. My understanding is that...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: As I was coming in yesterday evening, I met the group outside and had a chat with them. I subsequently met the Minister, Deputy Darragh O'Brien, and discussed the issue with him. He will revert to the group concerned. As Deputy Ó Broin will know, this is a major new scheme with a potential cost of between €1.5 billion and €2.5 billion. It will be one of the most...

Written Answers — Department of Finance: Legislative Reviews (9 May 2023)

Michael McGrath: It has not been possible in the time available to compile an updated list of the information sought in the Deputy's PQ. My officials will revert in writing to the Deputy when this is ready. This is likely to take some considerable time given the scope of the question posed.

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...

Finance Bill 2023: Second Stage (21 Mar 2023)

Michael McGrath: ...Government announced recently that a separate scheme will be considered for businesses that use oil and liquefied petroleum gas, LPG. The Minister for Enterprise, Trade and Employment has committed to exploring options for such a scheme and to revert to the Government on this matter in due course. The final section of the Bill is the standard one dealing with the Short Title. Deputies...

Written Answers — Department of Finance: Business Supports (8 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.

Ceisteanna Eile - Other Questions: Tax Code (7 Mar 2023)

Michael McGrath: ...regional presence and focus was an important consideration in the decision we had to make. For this reason, I will be extending the 9% VAT rate for these sectors to the end of August 2023. It will revert to the 13.5% VAT rate on 1 September 2023. The estimated cost of this measure is €300 million. This extension strikes a balance between the cost to public finances and the...

Written Answers — Department of Finance: Banking Sector (7 Mar 2023)

Michael McGrath: ...the detriment involved arising from and/or associated with being on an incorrect rate (such compensation to reflect the specific circumstances of each impacted customer); and - impacted borrowers to revert to the appropriate Tracker Interest Rate or to be offered the option to revert to an appropriate Tracker Interest Rate, where relevant. The Central Bank's final report of the...

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: Banking Sector (7 Mar 2023)

Michael McGrath: ...the detriment involved arising from and/or associated with being on an incorrect rate (such compensation to reflect the specific circumstances of each impacted customer); and - impacted borrowers to revert to the appropriate Tracker Interest Rate or to be offered the option to revert to an appropriate Tracker Interest Rate, where relevant. The Central Bank's final report of the...

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

Michael McGrath: ...the role that these businesses play in driving employment and economic activity across Ireland. For this reason I will be extending the 9% VAT rate for these sectors to 31 August 2023. It will revert to the 13.5% VAT rate on 1 September 2023. The estimated cost of this measure is €300m. This extension strikes a balance between the cost to public finances and the provision of...