Results 41-60 of 14,758 for in 'Written Answers' speaker:Michael McGrath

Written Answers — Department of Finance: Tax Exemptions (24 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 33 and 36 together. As the Deputies will be aware, the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under our legislation the provision of medical care services by recognised medical professionals are exempt from VAT. This includes health professionals registered under the Medical...

Written Answers — Department of Finance: Business Supports (24 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 34 and 35 together. The Tax Debt Warehousing Scheme was introduced in 2020 was introduced to provide vital liquidity support to businesses impacted by Covid-19 trading restrictions. The scheme allowed for the deferral of collection of certain tax liabilities relating to Period 1, the “Covid-19 restricted trading period”. The tax liabilities...

Written Answers — Department of Finance: Customs and Excise (24 Apr 2024)

Michael McGrath: Mobile x-ray scanners and detector dog teams, which are integral components of Revenue’s response framework targeting fraud, illicit trade, smuggling and organised crime, are just a component of a suite of resources, detection equipment and technologies deployed by it, in addition to the application of the comprehensive legal framework in place as set out in relevant tax and customs...

Written Answers — Department of Finance: Vehicle Registration Tax (24 Apr 2024)

Michael McGrath: The guidelines for VRT Registration can be found at the following website: www.revenue.ie/en/tax-professionals/tdm/vehicle-registration -tax/vrt-manual-section-01.pdf. If the Deputy has a specific case he wishes to highlight I am happy to share any details he can provide with the Revenue Commissioners.

Written Answers — Department of Finance: Departmental Advertising (24 Apr 2024)

Michael McGrath: The Department of Finance had no advertising spend in the years 2022 and 2023.

Written Answers — Department of Finance: Departmental Contracts (24 Apr 2024)

Michael McGrath: Since the Global Disinformation Index was established in 2018, neither my Department nor my officials have engaged the services of or allocated the company funding or support in any capacity.

Written Answers — Department of Finance: Motor Industry (23 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 190 to 192, inclusive, together. I am informed by Revenue that, as permitted by the legislation on Vehicle Registration Tax, certain services concerning vehicle registration are carried out on Revenue’s behalf by an external service provider(ESP). This work is undertaken by the ESP as part of its contract to provide a wide range of vehicle-related...

Written Answers — Department of Finance: Vehicle Registration Tax (23 Apr 2024)

Michael McGrath: Statutory Instrument (S.I.) No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended by S.I. 542 of 2012) prescribes the format, lettering, dimensions and technical specifications of vehicle registration plates that must be displayed on all vehicles used on public roads. Under the regulations, the Irish language name prescribed for Dublin is Baile Átha Cliath. The...

Written Answers — Department of Finance: Vacant Properties (23 Apr 2024)

Michael McGrath: The Vacant Homes Tax (VHT) as announced in Budget 2023, aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022 and states that a residential property will be within the scope of VHT, if it has been occupied as a dwelling for less than 30 days in a chargeable period. VHT operates on a self-assessment...

Written Answers — Department of Finance: Tax Code (23 Apr 2024)

Michael McGrath: On 6 April 2023, I published the Terms of Reference for a review of Ireland’s funds sector - ‘Funds Sector 2030: A Framework for Open, Resilient & Developing Markets’. The review is wide ranging and looking at a range of issues relevant to the funds sector. One aspect of the work of the review team is a consideration of three specific areas of taxation in line...

Written Answers — Department of Finance: Tax Exemptions (23 Apr 2024)

Michael McGrath: The annual cost and number of claimants of the ‘Rent-a-Room Relief’’ is available in the Cost of Tax Expenditures Publication, which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx. The following table sets out data on the number of taxpayer units availing of the...

Written Answers — Department of Finance: Tax Code (23 Apr 2024)

Michael McGrath: Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended). Finance Act 1999 provides for the application of...

Written Answers — Department of Finance: Banking Sector (23 Apr 2024)

Michael McGrath: To January 2024, the State has recovered €6.24bn of our investment in AIB by way of the IPO of AIB in 2017, the ongoing AIB trading plan, the four share sales during 2022 and 2023 and the two share buybacks which together, have reduced our shareholding from 99% to below 39% today. DATE SHARE SALE NO. SHARES SOLD AVERAGE PRICE GROSS PROCEEDS...

Written Answers — Department of Finance: Tax Data (23 Apr 2024)

Michael McGrath: As the Deputy is aware, in July 2023 my Department published a paper examining the Potential Fiscal Impacts of the Transition to a Lower Carbon Economy in Ireland. The paper examined the potential fiscal impacts of current domestic climate action policies including commitments in the Climate Action Plan 2023 and the Programme for Government and is available online:...

Written Answers — Department of Finance: Tax Exemptions (23 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 200, 207 and 212 together. As the Deputies will be aware, the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under our legislation the provision of medical care services by recognised medical professionals are exempt from VAT. This includes health professionals registered under the...

Written Answers — Department of Finance: Insurance Coverage (23 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 201 to 203, inclusive, together. As the Minister for Finance overseeing the legal framework governing financial services regulation, including the insurance sector, I fully understand the concerns of those who find it difficult to obtain flood cover when taking out a home insurance policy. Current Government policy in relation to flood insurance...

Written Answers — Department of Finance: Financial Services (23 Apr 2024)

Michael McGrath: I note the Deputy's query in relation to the introduction of a scheme in Ireland similar to the UK ISA scheme. The introduction of a new financial services product on the lines of the UK ISA would need to be considered in the wider policy context. The introduction of a similar type scheme would need to comply with EU financial services legislative and regulatory requirements and the tax...

Written Answers — Department of Finance: Tax Reliefs (23 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 205 and 206 together. I am advised by Revenue that the number of help-to-buy claims approved since 1 July 2020, broken down by county, are as set out in the table below, along with the number of applicants associated with these claims. These figures include data in relation to both purchases and self-builds. Also included is the ‘Number of Claims by...

Written Answers — Department of Finance: Tax Reliefs (23 Apr 2024)

Michael McGrath: The legislation governing the deductibility of expenses incurred in employment is contained in section 114 of the Taxes Consolidation Act 1997 (TCA). To qualify for tax relief under this section, any travelling expenses must be necessarily incurred in the performance of the duties of the relevant employment. For all other expenses, they must be wholly, exclusively and necessarily incurred in...

Written Answers — Department of Finance: Tax Exemptions (23 Apr 2024)

Michael McGrath: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. The RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. RZLT is an annual tax, calculated at a rate of 3% of the market value of the land within its scope. The tax...